Paysafecard – convienient prepaid card to easily pay online
Paysafecard, an increasingly popular online payment service, has gained significant traction in the realm of Canadian online casinos. This prepaid card can be easily purchased both online and offline, providing users with a convenient method of payment at various online shops and casinos. The flexibility and accessibility of Paysafecard make it a preferred choice for many, contributing to its widespread use.
With Paysafecard, users can purchase cards of different values and manage their balances and transactions through an online ‘My Paysafecard’ account or mobile app, available on iOS and Android devices. This accessibility ensures that Paysafecard is always within reach, regardless of the user’s location. Operating as an online payment service in over 45 countries, with 12 million regular users and acceptance at 650,000 online shops, Paysafecard has established itself as a trusted and widely utilized option.
In this article we delve into the intricacies of this payment service, providing comprehensive information on its functionality, usage, purchasing methods, as well as its advantages and disadvantages. Additionally, we highlight the key aspects of using Paysafecard at online casinos, including where to find them, how to utilize them for transactions, and the bonuses and promotions offered by various online casinos for Paysafecard users.
Best Canadian online casinos that allow deposits using PaySafeCard
As Paysafecard gains momentum as a preferred payment method, it’s important to note that not all Canadian online casinos accept it. To assist you in finding the right ones, we’ve compiled a list of the top online casinos that do accept Paysafecard. These selected casinos offer seamless deposit and withdrawal processes in real-time through Paysafecard. Additionally, our table of recommended Paysafecard casinos outlines the bonus offers available upon signing up, enhancing your gaming experience. Best of luck and enjoy your time at these exceptional casinos.
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What is Paysafecard?
As mentioned earlier, Paysafecard is a prepaid card that can be purchased online or offline, enabling users to make payments at numerous online shops and most online casinos. Each card comes with a 16-digit PIN code (or 48) used for online transactions, allowing users to pay for purchases when prompted. Importantly, users have the flexibility to utilize the card’s funds partially, using the PIN code multiple times until the balance is depleted. Furthermore, multiple Paysafecards can be used for a single purchase by entering their respective codes consecutively.
Unlike traditional banking methods, Paysafecard is not linked to any banks or credit card suppliers and does not store personal information, ensuring anonymity for users. The card can be purchased with cash, adding an extra layer of privacy. Its availability in various denominations at local stores or online enhances accessibility. Additionally, users can manage their transactions through the ‘My Paysafecard’ account or dedicated mobile apps.
Paysafecard finds extensive use across diverse online platforms, including gaming, music streaming, and social media, but notably, it’s particularly prevalent in online casinos. Its ease of use and anonymity make it an increasingly popular choice among users and a valuable addition to casino payment services. The convenience and benefits offered by Paysafecard to both users and casinos prompt further exploration in this review.
With Paysafecard, users have the convenience of managing their balances and transactions through online accounts or mobile apps, ensuring accessibility wherever they go. Founded in 2000 by Austrian entrepreneurs and later acquired by the owners of Skrill and Neteller, Paysafecard continues to evolve under the Paysafe Group’s stewardship, focusing on innovation and improvement in its payment services.
Paysafecard in numbers
- Founded in 2020 by 4 Austrians from Vienna
- 12 million regular users
- 650.000 participating online shops
- Available is over 45 countries, worldwide
- Acquired by Skrill Group in 2013
- Part of Paysafe Group (Skrill and Neteller) since 2015
Advantages of using Paysafecard
Now those are some impressive numbers! As you can see, the online payments services from Paysafecard offer a lot of benefits to their users. These are the most interesting features and benefits of using Paysafecard when paying at your favorite online casino:
- One of the safest online payment services available
- Completely anonymous financial transactions
- Pay with cash!
- Buy your Paysafecard online or at your local store
- Quick deposits to your favorite online casinos
- iOS and Android app for easy usage
- My Paysafecard account to manage your transaction online
- Widely accepted by most online casinos
- Process transactions in your own currency
- No need to share your personal and financial information
Making a deposit using Paysafecard
For users of the Paysafecard service, the primary benefit lies in its ease of making deposits. When depositing funds using Paysafecard, the process is straightforward. Simply choose Paysafecard as the payment method during the deposit process at your online casino, and input the 16-digit pin code found on your card, app, or online account. Proceed to complete the transaction.
Importantly, you don’t need to utilize the entire balance of your Paysafecard in one go. If your card doesn’t have sufficient funds, you can use pin codes from other Paysafecards until the transaction amount is covered. Sequentially input the multiple codes until the full amount is paid, facilitating seamless transactions. Once completed, your funds will be credited to your online casino account, enabling you to begin playing your favorite games without delay.
To summarize, if you wish to deposit funds using Paysafecard at one of the Best Paysafecard Casinos listed in this review, follow these simple steps:
- Choose ‘Paysafecard’ as the payment option during your online casino deposit.
- Enter the 16-digit or 48-pin pin code from your card (or app/online account).
- Successfully complete the transaction.
- Verify the funds in your online casino account.
- Start playing your preferred games!
With instant deposits, your funds should reflect in your online casino balance within minutes, if not seconds, after completing the transaction.
Making a withdrawal using Paysafecard
While Paysafecard currently doesn’t support direct withdrawals of winnings to your Paysafecard from online casinos, they are actively working on a solution. Some online casinos now offer the option to process withdrawals directly to your ‘My Paysafecard’ account using a valid email address. However, this feature may not be universally available across all online casinos that accept deposits using this prepaid card, but we anticipate broader implementation in the near future.
In instances where the direct withdrawal option isn’t available, you can opt to use alternative withdrawal methods to transfer your winnings to your personal bank account. Numerous providers offer reliable services for completing these transactions efficiently. Therefore, if the ‘My Paysafecard’ option isn’t available, you can utilize other withdrawal methods offered by the online casino to cash out your winnings securely and conveniently.
Costs
When using your Paysafecard for transactions at the Best Paysafecard Casinos, you won’t encounter any fees. Paysafecard doesn’t impose charges for deposits or withdrawals, which contributes to its excellent service and our enthusiasm at BestBettingCasinos.com. However, it’s essential to be aware of potential fees that may apply under certain circumstances.
If you haven’t fully utilized the funds on your card after six months, Paysafecard may levy a monthly fee of $3 from the seventh month onwards. Additionally, a monthly fee of $5 may apply from the 13th month if your Paysafecard remains inactive. Furthermore, there’s a currency conversion fee for transactions conducted in foreign currencies, with detailed information available on their website.
To summarize, here are the potential costs and fees associated with using this payment option:
- Transaction fees: $0
- Monthly fee of $3 after 6 months for any unused funds
- Monthly fee of $5 after 12 months of inactivity
- Currency conversion fee for transactions in foreign currencies
However, these incidental costs can be avoided entirely by regularly using your Paysafecard, utilizing the full balance, and conducting transactions in the standard currency. In essence, utilizing your Paysafecard can be a cost-free option for your financial transactions.
Disadvantages of using Paysafecard
While there are numerous benefits to using your Paysafecard, it’s important to acknowledge some of the drawbacks associated with the payment service. One notable disadvantage is the lack of a direct cash withdrawal option from online casino accounts to your Paysafecard or personal bank account. Although Paysafecard provides a workaround solution with the ‘My Paysafecard Account,’ this withdrawal method isn’t widely available at many casinos.
Additionally, Paysafecard imposes fees for prolonged card usage or inactivity. After six months, they charge a monthly fee of $3 if any funds remain unused on your Paysafecard balance. Similarly, a monthly fee of $5 applies after 12 months of inactivity. Furthermore, currency conversion fees may apply if you need to convert your country’s currency when using Paysafecard.
There are also transaction limits to consider. For transactions to and from any online casino, there’s a $1,000 limit due to compliance issues. This limit decreases to $250 for transactions involving a ‘My Paysafecard’ account. Moreover, some online casinos may charge additional fees for using Paysafecard for deposits and withdrawals, although Paysafecard itself doesn’t impose such charges.
To summarize, here are the disadvantages of using Paysafecard as an online payment service:
- No standard withdrawal option, with a workaround provided via the ‘My Paysafecard’ account.
- Monthly fees of $3 after 6 months and $5 after 12 months for unused balances or inactivity.
- Currency conversion fees for transactions in foreign currencies.
- Transaction limits of $1,000 ($250 for ‘My Paysafecard’ accounts) due to compliance issues.
- Some online casinos may charge additional fees for Paysafecard transactions.
Conclusion
Paysafecard stands out as a top-notch online payment service known for its security and anonymity. It offers customers the convenience of purchasing online casino funds with cash, adding an extra layer of privacy to transactions. Its widespread acceptance, both online and offline, coupled with the user-friendly iOS and Android apps, ensures accessibility wherever you go.
Despite its strengths, Paysafecard’s withdrawal option is not yet universally available at most online casinos. However, there are indications that this limitation may be addressed in the near future. While the service does incur charges for extended or inactive use, these fees are reasonable and can be avoided with regular card usage.
Overall, Paysafecard receives high praise for its reliability and convenience. We highly recommend it to our visitors for seamless transactions at the best Paysafecard casinos. Take advantage of the array of bonuses and promotions available at these casinos to enhance your gaming experience.
FAQ
Is it safe to use Paysafecard?
Paysafecard is a very safe and reliable online payment service that is extensively tested and found to be 100% safe for your online transactions. You can be sure that all your online transactions handled with Paysafecard will be processed with the extreme security and safety you can expect from any online payment service we at BestBettingCasinos.com recommend to our visitors.
Can I use Paysafecard to cash out my winnings?
Paysafecard doesn't offer a withdrawal option directly to your Paysafecard but Paysafecard does offer a withdrawal option to your ‘My Paysafecard” account. Not all online casinos offer this option when cashing out unfortunately but we think that this may only be a matter of time before Paysafecard can widely offer this option to all online casinos. Until then you will have to either use My Paysafecard (if available) as an option or use a different payment provider for your withdrawals.
How much does it cost to use Paysafecard?
Paysafecard is free to use as they don’t charge you for your standard online transactions. They do however charge their customers for leaving funds on their cards (€3 per month after 6 months) or for account inactivity (€5 per month after 12 months). If you buy your Paysafecard with a foreign currency they also charge a conversion fee, differing per currency and value of the transaction. Some online casinos also charge a fee for using a Paysafecard but that is not a fee that Paysafecard charges. We advise you to always check the payments page on your online casino to see if any fees are charged for using your Paysafecard before making a transaction.
Does Paysafecard give my personal and financial details to an online casino?
No. One of the best features of using your Paysafecard for online transactions is the fact that these transactions are 100% anonymous and none of your personal or financial details are shared with an online casino (or any other online merchant). You can purchase your prepaid card anonymously, even with cash if you wish. Paysafecard is not linked to any banks or credit card suppliers and does not hold any of your personal information so this means that no personal or financial detail can be shared with an online casino during your transaction with a Paysafecard!
