Paysafecard is a method of online payment, which does not require personal information like credit card or bank account details. It is based on prepaid vouchers with a 16-digit PIN code. You can buy them at local sales outlets and make online payments. You do this by entering the code at the site you’re using. You can’t pass paysafecard codes by phone or mail.
Plus500 does not accept it, but there are many other ways to fund an account with them. The broker accepts PayPal and Skrill, bank wire, and debit and credit cards (Visa and MasterCard). Restrictions depending on region may apply. To fund your account and start trading with Plus500, you should go to Deposit under “Funds Management”. From the options you see, choose your preferred deposit method. After filling in the fields, press “Submit”. The “Funds Management” screen is accessible via the menu on mobile devices.
The deposit section has more info about the minimum required deposit, which varies depending on the method of choice.
Paysafecard is available around the world with a few limits. Your country determines the partner sites and the scope of services. A personal account to upload PIN codes is available in most countries. In 2018, the card was accessible in more than 40 countries. In some of them, it’s been available since as far back as 2000. Skrill acquired it in 2013. Two years later, UK-regulated online payment processing provider Optimal Payments Group took it over. After that, it was rebranded to Paysafe Group.
Warning: 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
