Paysafecard is a prepaid online payment method that allows users to make secure transactions without the need for a bank account or credit card. It operates on a simple system where users purchase a Paysafecard voucher, which contains a unique 16-digit PIN. This PIN can be used to pay for goods and services at various online merchants, particularly in gaming and entertainment. With its focus on privacy and security, Paysafecard is a popular choice for those looking to manage their spending while enjoying a seamless online shopping experience.