8 June, 2008- United Kingdom government has granted Paysafecard an e-money license and it looking forward to expand itself in whole Europe.

It has been considered as very good news for the online casino industry especially for those players who have been using the prepaid phone cards. The Paysafecard system gives a benefit of great security to the users and it does not take any personal information to use this card. The use of credit cards is also very safe while playing online casino but this Paysafecard just acts as another safe and reliable alternative as the users or players still have some hesitation to use the credit card details over the internet with a fear of the details being stolen.

Another feature of this card is the self-protection as you can limit your spending to as much as you decide and this gives a full control to the players on their gambling budget.

Also according to the license given by the United Kingdom Financial Services Authority it keeps the hundred percent cash cover of funds in reserve which implies that if you have an unused card your money is not at risk.

These cards are available in the denominations of 10, 25, 50 and 100 of local currency which can be purchased in 105,000 locations of Europe. There are quite a few casinos like 888.com, Euro Grand Casino and 32 Vegas Casino which gives the facility to use this kind of deposit method.

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