Paysafecard facts
The Paysafecard operator is based in Austria and was founded in 2000. Since then, operations have expanded to more than 40 countries and has around 1 billion users worldwide. It differs from the typical e-wallet mainly due to its one-way function. First, you need to find a point of sale. In the best case, this is actually the kiosk on the corner or the sausage stand. Anyway, even if it’s a bit further to go, it’s not a problem.
There are now around 650,000 Paysafecard sales outlets. You will find the practical search function on the website. Just enter your location with a city or a zip code and you will get the addresses of the nearest sales outlets.
With the purchase of your Paysafecard, you will receive a 16-digit code. They are available in 10, 25, 50 and 100 euros. This code is essentially the “cash”. It must be specified for all online purchases. Choose from thousands of online retail stores, service providers and entertainment websites including online casinos.
Paysafecard in online casinos
Unlike most e-wallets, this method is anonymous and absolutely separate from all your other card and bank accounts. Therefore, many online casino players prefer this payment method. Let’s take a quick look at what Paysafecard is, how it’s used, and what the pros and cons are. Of course, we then also recommend some of our favorite online casinos that offer Paysafecard payments as an option.
Every new user of online casinos decides with which provider to create an account in approximately the same way. Practically everyone puts the offer of games and bonus prizes provided by the provider in the first place. Most players forget that in order to use online casinos, they must deposit funds into the casino account.
That is why it is extremely important that when choosing a suitable online casino, we also pay attention to the business conditions, especially the part where it is written which payment methods the provider allows. It is certainly important to every player that the money is transferred safely and quickly, which is only possible when using the right payment method that offers all of this. If using the payment method is easy and does not require paying a fee, even better.
That is why, when choosing an online casino provider, it should also be important to you what kind of money management they have because choosing the right payment method can greatly enrich or impoverish your gaming experience.
What is Paysafecard and how is it used?
Choosing the best and most appropriate payment method for you is a difficult experience, as there are many online payment providers in the modern world. We can find over 200 different online payment methods and each of them has certain advantages and at same time disadvantages. A thoughtful choice of the right method is therefore extremely important. The most popular and at the same time one of the oldest online payment methods is payment by credit or prepaid card. Paysafecard Canada is an alternative to this type of payment, i.e. an alternative to credit and prepaid cards.
Paysafecard is actually a 16-digit code that you can use to pay. You can buy Paysafe Canada at various points of sale and also online where you choose the value of the PIN code. You can then create my Paysafecard online account which you can top up using your phone or existing credit card, combine Paysafecard cards, etc. For each transfer, you receive a 16-digit code with which you can pay on websites or transfer funds to your casino account. The money is visible immediately.
How to deposit money into a casino account using Paysafecard?
The first thing you have to do is to choose the online casino that is most compatible with your needs, which means that it offers suitable gambling games and allows paying with Paysafecard. You create a casino account on the selected website, and then, for a successful business with Paysafecard, you go to the nearest point of sale and get your prepaid Paysafecard card. Once you’ve secured your PSC, your job is to swipe where the 16-digit code is hidden. You log in to your casino account and click on the cashier. Choose Paysafecard as the payment method and enter the 16-digit payment code. You check and confirm the information, and the money is in the casino account in a few moments.
How to withdraw money from a casino account using Paysafecard?
Unfortunately, classic withdrawal of money from a casino account and transfer to a bank account using Paysafecard is not possible. There is, however, an alternative to the standard withdrawal of money from your gaming account, and this option is provided by my Paysafecard account. You create a special account on the website, called my Paysafecard account, which provides you with various functions, including withdrawing money from your casino account. It is important that you are aware that when withdrawing money using Paysafecard, the funds are not transferred to your bank account, but exclusively to your online Paysafecard account, which means that you can only use them to pay with a Paysafecard card in the future.
Minimum and maximum deposit value with Paysafecard
The Paysafecard system is limited in terms of use depending on the acceptance and offer of the payment card. In the case of payment values, the amounts are limited to a fixed amount, depending on the amount of the purchase. Vouchers can be purchased in amounts of $10, $25, $50 and $100. Depending on the usage, the user can make a one-time purchase of $226 of valuables, because the amount is tied to the US dollar, this amount is equal to the value of C$300. The purchase and use can be used in several purchases, so the amount can be spread over several purchases and used for different payments.
Paysafecard pros&cons
Payment services have both advantages and disadvantages. In most cases, the advantage is speed, while the disadvantage is price and inaccessibility, or unsupported transaction or payment execution. The advantage of using Paysafecard services is that it is accepted by most online casinos in Canada. The advantage is also a simple and fast transaction. In addition, the transaction is extremely discreet, as the voucher can be purchased in a physical store, where we pay in cash, and then the voucher can be used in any casino. The purchase is not limited to physical stores, as you can buy a virtual wallet through their website, where you receive a 16-digit code to your Paysafecard profile.
But each online payment provider has many features and also each has certain disadvantages. The biggest disadvantage of Paysafecard is that it does not allow you to withdraw money to your bank account, which means that for this option you have to choose another payment method that will allow you this function.
Advantages
- Safety. You can install the Paysafecard app on your device. This allows you to monitor your PSC account and gaming account balance. In addition, the application also offers the service of purchasing a card or credit payments to your bank account. The application is secure, as it requires a PIN number to access your account, and your account is also protected with an additional password. This is the only one you use to access, from any device. Each new access device must be authenticated via e-mail. You will receive a verification link to your e-mail, which enables the new device to establish a connection to your gaming account.
- Anonymity guaranteed. One of the major advantages of the Paysafecard payment method, which is very important to some in online gambling, is that the payer or the owner of the PSC prepaid card is completely anonymous. When purchasing a PSC at the point of sale, they do not require any information, such as e.g. first and last name, tax number, personal document, etc., so it is practically impossible to trace the card owner by name. The transfer is therefore completely anonymous, as all you have to do is to find the PIN code on the PSC card and enter it in the box during the transfer. Since the card is not issued to the name and surname, the name and surname of the person who deposited the money into the casino account are not visible during the transfer.
- No commission payment. In addition to the fact that Paysafecard is an extremely fast, secure and anonymous payment method, it has another great advantage. It is also extremely cheap, as you pay absolutely no commission for the transaction or transfer of money to your casino account. This means that the process is completely free. And why is this important to you? Mainly because it means that the money you would otherwise spend on commissions can be spent on much more fun things, such as your favorite online gambling games. This will make your user experience at Paysafe online casino even better and you will be happy to come back.
Disadvantages
- Payment to a bank account is not possible. As we have already mentioned, the Paysafecard payment method also has certain disadvantages, which it is important for the user to be aware of before deciding on the payment method in question. As Paysafecard is actually a form of prepaid card, its biggest weakness is that it does not allow its users to withdraw winnings to their bank account. With the help of a special my Paysafecard account, you can otherwise withdraw the money back to the Paysafecard prepaid card and pay with it later. If you want to withdraw money to a bank account, the best move is to choose, in combination with Paysafecard, an additional online payment method provider that will enable you to do so.
- Account confirmation for withdrawal. To withdraw credit from your Paysafecard account, it is necessary to verify your gaming account before withdrawing. You do this by providing the service provider with your picture, your valid identity document and your tax number. It should be added that every such transfer is counted among your earnings, regardless of whether the source of the money is a casino win. In doing so, it is also necessary to pay gambling tax and submit the amounts received in the tax return. Transfers are taxed, and also visible when received on the account, to prevent money laundering, the amount must be reported to the assigned financial administration.
Paysafecard casino bonuses
Most casinos offer various rewards to users, including those who use Paysafecard. The conditions and occasions on which online casinos offer rewards vary, but there are some things they all have in common. The most famous such bonus is the welcome bonus, but free spins and others are also well known. Casino bonuses are offered to give users the best gaming experience on their site.
- Welcome bonus
The reward or welcome bonus is one of the best-known and most common rewards offered by various online casinos. Online casinos offer a welcome bonus to their registered users who make their first deposit of gambling funds to their casino accounts. The amount of the welcome bonus varies between different providers. Some online casinos determine the bonus as a percentage based on the amount of the deposit, while others offer a fixed reward, regardless of the amount. Sometimes casinos require you to deposit a certain minimum amount in exchange for a bonus. In any case, this award contributes to a better gaming experience for each individual.
- Free Spins
A free spin can also be called a free move, round, move, etc. It is one of the various forms of rewards that provide the user with the best possible gaming experience. The name of this bonus alone tells us what it offers us. Basically, online casinos reward their users with free game chips if they meet certain conditions. These conditions vary between casinos as they are given to players on various occasions. If you want to turn your free spins into money, you must first successfully play a few games of chance and then transfer the money to your bank account. With the help of Paysafecard, you can arrange everything in a very short time.
- No deposit bonus
The award, known as the no deposit bonus, is just another one of the many bonuses that are well-known to users of various online casinos. This prize is available to all online gambling enthusiasts by registering and creating an account with the chosen online gambling provider. This bonus does not require the user to deposit money into the game account but is given to the player as soon as the registration is successfully completed. This bonus varies between individual online casinos. It can be transferred in monetary form, but the provider can only issue it as free tokens for a certain game. Most of the time this bonus can be used in Blackjack.
Alternatives to Paysafecard
Although Paysafecard can already be purchased at many points of sale, it may still happen that its use may be inaccessible to some. If this happens to you too, don’t worry. Online casino Paysafe allows users to use a number of payment methods, some of which we present below to make your decision easier.
- Skrill
Skrill is a payment method that allows the user to transfer money in a gaming way in all currencies. Providers in Canada accept transfers in EUR and USD. If you want to use the Skrill payment method, you must successfully register a user account with the provider. Using Skrill is very easy with their mobile app, allowing you to instantly transfer money between your bank and casino account. Most casinos have a certain minimum amount for a successful transaction when using Skrill. It is around 20 EUR/USD, which may put off the user, but it has the advantage of not taking a commission during the transaction. Security is ensured by the required copy of the identity document and tax number upon registration.
- Neteller
Neteller is a payment method in order to use which the user must first download their application on their device. The application then allows the customer to do business in both fiat and cryptocurrencies, and at the same time, it also offers the possibility of an exchange between crypto and fiat currencies. Neteller enables quick money transfers, in just a few clicks, with very low fees. Neteller is supported by most online casino providers. For a successful transfer via Neteller, the user only needs to fill out a short form, and the money is in his gaming account in a few seconds. So the fun can start almost immediately. It is a safe method of payment, as every transaction is recorded and verified.
- Trustly
Trustly is one of the many providers of online payment, which is known above all for the high security of its operations. It is a Swedish payment method controlled by the Swedish Financial Bureau, which guarantees this payment method the highest financial and security standards, as the path of your money is strictly controlled. Trustly makes your transfers directly from your bank account with the help of one of the intermediaries. The most well-known brokers are Paypal and iDeal. So you don’t need any credit or prepaid cards to use Trustly. In addition to being very secure, this payment method is also quite easy to use, as it does not require registration or software downloads.
Final Thoughts on Paysafecard
Most safe and reliable online casinos in Canada accept Paysafecard as an option and many players enjoy using it on a daily basis. In the top of page we have compiled a list of the best casinos where you can not only pay with Paysafecard, but also get a very generous casino welcome bonus and lots of free spins with your first deposit.