Prepaid PaySafe cards discontinued from November 25
Bitcoin users, rejoice! Starting from November 25, the Neteller and Skrill e-wallets will block the usage of prepaid MasterCards. The change will take place in more than 100 countries. This is likely to benefit Bitcoin users, because there will be auspicious conditions for the acceptance of this digital currency.
The Neteller and Skrill e-wallet brands belong with the PaySafe Group. Last week PaySafe Group announced to customers that it was going to stop the usage of prepaid MasterCards in a number of countries. But the change will not be applicable to the 28 countries within the European Union, and there are more countries in Europe, like Switzerland, Norway, Monaco, San Marino, Lichtenstein, Iceland.
Prepaid MasterCards were very convenient for online gambling, but with the change in PaySafe Group's policy, punters in those over 100 countries will no longer be able to avail themselves of these cards. Well, at least PaySafe Group reminded those affected that they could use Skrill and Neteller accounts to withdraw their funds to and to transfer amounts from one account to another.
There are certainly to be a large number of gamblers affected in large gambling markets like those in Australia and Brazil, which will be affected by the discontinuation of the prepaid cards. The change does not yet include countries in North America, where PaySafe payments have been in use since 2014. It has been reported that customers using PaySafe cards in Russia and in China can continue to use their already paid for cards, but there will be no cards issued from now on.
PaySafe Group has not yet explained the reason for the discontinuation of prepaid MasterCards. But it is expected that both customers and operators in the countries affected will increasingly turn to Bitcoin as a convenient digital currency which will enable fast and secure payments.