The prepaid payment option is one of the most overlooked categories in online casino payment options. The prepaid category includes vouchers, cards, and other things that can be preloaded with money through several channels and be used to deposit cash at online casinos or pay for purchases from merchants. PaySafeCard is one of the most popular products in this field. The product provides an option to Canadian players who lack traditional banking channels as well as those who are sensitive to sharing their financial information online. In the course of this review, we shall breakdown the PaySafeCard as a payment option in online gambling sites.
Paysafecard Casinos in Canada
History of Paysafecard
Paysafecard is a payment option that was developed by four Australian entrepreneurs who realised the lack of a fast and straightforward way to purchase online products. All you need to do to use PaySafeCard is to enter the 16-digit PIN, and you are good to enjoy safe, secure, and quick online payments, including online casino deposits and withdrawals.
Paysafecard was established in 2000 and quickly spread across Europe, and in 2012, it came to Canada to provide a quick, efficient as well as advanced way to make online payments. This payment option provides an alternative to users to make purchases via a bank account or a credit card. It would be best if you bought a Paysafecard with a fixed value at one of over 500,000 worldwide outlets. This could be a physical shop or an online vendor.
A Step by Step Guide on Using Paysafecard at your Favorite Online Casino
- First, you will be required to go through the sign-up process at your casino.
- The next step is to find your nearest Paysafecard retailer. You can make use of the Paysafecard website to find a retailer, and you can buy your first Paysafecard voucher which can be in C$10, 25, 40, 50, 75, or 100 denominations.
- Go back to your online casino and select Paysafecard as the deposit method, input your 16-digit Paysafecard PIN and add your deposit amount.
- PaysafeCard deposits are instant at most online casinos so you can expect your deposit to reflect on your account almost instantly.
Most casinos do not accept Paysafecard as a withdrawal option so you will need to pick an alternative method. Nonetheless, some sites will allow you to withdraw to a MyPaysafeCard account, and you can use the balance on this account to make a withdrawal. You can also use the balance on the same account to make another online purchase or withdraw the funds at an ATM through a Paysafecard MasterCard.
The Benefits of PaySafeCard at Online Gambling Sites
A PaySafeCard allows you to stay anonymous and protects your personal and financial information online from malicious hackers. It safeguards and secures your money at the same time, allowing you to control your finances. What is most outstanding about this payment method is that you don’t need a bank account or a credit card to play at an online casino in Canada.
Paysafecard is available in 42 nations, and its site will provide a searchable map to show you all the retail outlets near you that sell Paysafecard products. This makes it an ideal payment method for most online casinos since it’s accepted in many countries and the Paysafecard can be purchased at one of over 500,000 outlets.
Important Paysafecard Terms to Consider
If any funds on the Paysafecard are left unused, you can save them for a later date to use on whatever purpose you prefer. There are no fees charged for a whole year after buying a new Paysafecard. Nonetheless, if any funds are left on the card at the end of the year, you will start paying a charge of C$2 a month. This goes to show that Paysafecard is not recommendable for long-term recurrent use.
Paysafecard for Canadian Online Casinos
Paysafecard was introduced to Canadians in 2012 and has since become a popular payment option for online casinos in the country. This is due to the aspect of instant payments which immediately reflect in your player account once you have deposited at your casino. Nonetheless, most casinos in don’t provide Paysafecard as a withdrawal method which leaves players with bank and credit card options.
Paysafecard Security - Safe and Reputable
Paysafecard is one of the safest payment methods there is to deposit money at online casinos. The product has seen tremendous success and has a wealth of experience having been in the game for the past 20 decades. This is a reputable company that owns two of the most recognised e-wallet systems; Neteller and Skrill.
Processing a Withdrawal Using Paysafecard
Paysafecard can be used to withdraw funds, though in sporadic cases. When this is provided, you can use a standard prepaid card, or ATM using a branded MasterCard product.
Paysafecard: TheCasinoGuide Verdict
Paysafecard is a reliable payment method that is quite common, especially in the online gaming arena. The payment option is instant and reliable. Additionally, it’s a safe way to keep your personal and financial information free from identity thieves and hackers. However, it’s good to note that Paysafecard's maximum deposit amounts are relatively low compared to other popular options.