Paysafecard has e-money licence issued by the British Financial Conduct Authority (FCA) and is operated by a subsidiary of Paysafe Group Plc.
Unlike other means of payment, when using Paysafecard you don’t have to enter your personal details or your bank or credit card information.
However, Paysafecard is like cash: if you lose the PIN, you lose the money. If you have “my paysafecard”, then in such instances you can immediately lock the PIN and request a refund.