Like Paypal, Paysafecard - formerly Ukash - is another online payment system that is employed by a number of bingo sites. You can purchase Paysafecard at a number of shops worldwide plus you can get Paysafecard via ATMs and of course via the web. You basically purchase a unique 19-digit Paysafecard code that can then be entered to pay for goods and services.
The advantage of Paysafecard is that you don't need to use your credit card when funding your account via a bingo site. You simply purchase Paysafecard and then use the code at the cashier to add money.
The advantage of Paysafecard is that you can regulate your bingo spend. For example if your budget is £10 a week then by purchasing a Paysafecard code from your local store you may be less tempted to refund your account online using a credit card or even Paypal, where the process is a lot simpler.
The downside to Paysafecard is that you can't withdraw your money to a Paysafecard account - to take our your winnings you'll need to take a Paypal or a Debit/Credit card option, which possibly defeats the object of being secure when using Paysafecard to deposit.
The above video gives you an insight into how Paysafecard works.