Selling a Euro Paysafecard in Nigeria: What to Check on EU Vouchers

Blessing's uncle in Hamburg bought a €50 Paysafecard at a petrol station and sent her a photo of the receipt. She opened a rate page, saw a figure per US dollar, and stopped. Does a German voucher count? Is €50 the same as $50 here? Selling one is simple enough, but vouchers from the EU raise a few questions that a dollar gift card doesn't.

Which currency is your Paysafecard in?

Paysafecard issues vouchers in the currency of the country they're sold in, so the receipt is your starting point. Here's what its published terms say for the countries we checked:

Country where it was bought	Currency in Paysafecard's terms
Ireland	Euro
Germany	Euro
Austria	Euro
Poland	Polish zloty
Another EU country	Read the receipt, or that country's terms

Being in the EU doesn't automatically mean euros. A voucher from a country that doesn't use the euro may carry its own currency, and "€" on one person's receipt tells you nothing about yours. You can read the terms for Ireland on Paysafecard's site, and switch country there to see the others.

Does the country it came from matter?

Paysafecard's site lists every EU country in its country selector, and the terms we read for Ireland, Germany, Austria and Poland don't limit a PIN to the country it was bought in. Where a voucher can be spent is a different matter, because each online shop decides which countries it serves. That's covered in how to use a Paysafecard online.

For selling, what counts is what the KWIQ app shows. When this post was written, KWIQ's rate list had one Paysafecard entry, quoted per US dollar, with no line for each country and no separate euro line. That can change, so look at the currency beside the rate on the sell Paysafecard page on the day you sell.

Why you shouldn't work it out in your head

Say a rate reads ₦800 per $1 (an example, not today's rate). Multiplying that by the 50 on a €50 receipt gives ₦40,000, and that number means very little, because €50 and $50 aren't the same amount of money.

The figure that counts is the naira amount the app shows for your voucher before you confirm. If you want a rough idea first, the gift card rate calculator shows how the value is built up, and how much a Paysafecard is worth in naira walks through what moves the figure.

Can Paysafecard send the money to your Nigerian bank?

No, not under the terms we read. A payout from Paysafecard itself needs a bank account in the EU under its terms for Ireland, Austria and Poland, and an account in Germany under its German terms. That's why people in Nigeria holding a voucher look for a buyer instead. Paysafecard to a bank account in Nigeria has the full route.

What Paysafecard's own terms say about selling vouchers

You should know this before you sell. Paysafecard's terms for Ireland, Germany, Austria and Poland prohibit selling, trading or buying vouchers through unauthorised internet platforms, and its German terms also bar passing a voucher on to someone else for payment. Paysafecard can block PINs, and a blocked PIN has no value to anyone. The terms that apply are the ones for the country where your voucher was bought, so read them and decide for yourself.

Five checks before you sell

1. Where it came from. Only sell a voucher you bought or were honestly given. If a stranger is sending you PINs to cash out, read why you should refuse that job.
2. The currency, from the receipt.
3. The balance, on Paysafecard's own balance check, typing the address yourself. Partly spent vouchers are worth only what's left.
4. The PIN's privacy. Anyone holding the 16 digits can spend them, so it goes nowhere except the balance check and the app you sell through. Paysafecard scams lists the tricks.
5. The receipt. Keep the full photo until the sale is finished.

Selling it on KWIQ

Open the KWIQ app, choose to sell a gift card and pick Paysafecard. Enter the voucher's details as the app asks and read the naira amount it shows. If the currency or the amount doesn't look right, don't confirm: customer support is available 24/7 in the app and can tell you where you stand. Otherwise, add the card and submit. You're paid in naira once the card is checked, and you can withdraw to any Nigerian bank account.

Naira from a gift card sale can also be swapped to USDT in the app, if you'd rather hold dollars; Paysafecard to USDT explains how. Holding other cards too? The gift card hub lists everything KWIQ buys.

Download the KWIQ app, or create a free account on the web.