Compare the best brokers to buy stocks with Paysafecard

Using Paysafecard is a great way to buy shares anonymously. Find out which brokers accept this payment method and how to choose between them.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Aug 2, 2021
Tip: our preferred broker is, eToro: visit & create account

Paysafecard is a fast, easy, and anonymous payment method that you can use to purchase stocks online. This guide profiles some of the best Paysafecard stock brokers, and features some of the top qualities offered by each of them.

Here are the best stock brokers that accept Paysafecard

You need to consider multiple factors when searching for a reliable broker, including transaction fees and ease of use. We’ve compiled a list of the best brokers for you right here, with more information further down the page if you’re still making up your mind.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$1
Exclusive promotion
user-score
9.3
0 Commissions and no deposit minimums
Registered with and regulated by SEC and FINRA
Loss of cash protection
Start Trading
Description:
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Payment Methods
Full regulations list:

What is a Paysafecard stock broker?

A stockbroker is a service that allows you to trade stocks online. Paysafecard is a prepaid online payment method based on a 16-digit PIN code that doesn’t require you to link to a debit card or credit card. In this case we’re talking about brokers that combine the two features and let you fund your account with deposits from Paysafecard.

While some brokers accept Paysafecard, there aren’t too many of them at the moment. If none of the current options appeal, you might have to stick to using a debit or credit card to fund your account until it becomes more widespread.

Pros and cons

Consider these benefits and drawbacks when deciding if you should pay for your trades with Paysafecard:

Pros

  • Anonymous. Paysafecard does not require you to link to a bank account, credit card, or any other financial medium that leaves a digital trail. If the broker you select offers the same level of anonymity, that’s a big plus for privacy-minded investors.
  • Easy to buy. You can get a Paysafecard at hundreds of thousands of bars and markets around the world. 
  • Fast. You can fund your stock account within minutes, allowing you to begin trading stocks whenever you’re ready.

Cons

What are the fees involved when trading online using Paysafecard?

Typically you can expect small transaction fees when using your Paysafecard. These typically take the form of either a fixed rate of around two pounds per trade or a small percentage of your trade amount.

What to look for when investing with Paysafecard brokers

You don’t just want to find a service that supports Paysafecard payments, but also a broker that offers a great service. Here are a few factors to consider:

  • Speed. Paysafecard stockbrokers should allow you to complete your trades within minutes. The stock market moves fast and you want to be able to react immediately as it fluctuates.
  • Ease of use. The best brokers are intuitive and easy to use. Your time should be spent analysing stocks and making trades, not figuring out how your chosen trading platform works.
  • Great customer service. The broker you choose should offer fast, helpful, responsive, no-hassle customer service. 
  • Low transaction fees. Most stockbrokers won’t charge much per trade – but a difference of just a few pounds between one broker and another can add up. This is especially true if you plan on making regular trades. Look for brokers that charge the lowest transaction fees so you don’t lose money unnecessarily.
  • A strong reputation. Strong reviews and a solid track record can reassure you that the trading platform you’ve chosen is effective and reliable. Ideally, look for a service that has been around for a few years.

Is it safe to buy stock with Paysafecard?

Yes, it is generally safe, as long as you use a regulated broker. However, each platform will have its own different security protocols, so to find the most secure brokers we recommend checking out our reviews.

Do I need to provide ID when I buy shares with Paysafecard?

Not necessarily. Paysafecard lets you make purchases using a 16-digit code, rather than linking to a debit or credit card. That said, many online stock brokers follow KYC (Know Your Customer) guidelines, which often require them to ask for identification when you sign up. So if privacy matters to you, look for a broker that lets you take advantage of the anonymity that making purchases with a Paysafecard can offer.

How to fund your online broker account with Paysafecard

Different brokers may have slightly different procedures for making trades. However, most Paysafecard stock brokers tend to follow a few simple steps to fund your online broker account. Those steps generally look like this:

  1. Find the payments or deposits page on your stock broker’s website or app.
  2. Select Paysafecard as your preferred payment option.
  3. Enter your 16-digit code linked to your Paysafecard.
  4. Enter the amount of money you wish to deposit into your stock trading account.
  5. Click confirm.

FAQs

What is Paysafecard?
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Fact-checking & references

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Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.