Paysafecard offer prepaid online payments on a large number of platforms, with a significant amount of users now taking advantage of the services in which they have to offer. While the organization is owned by the Paysafe Group and based in Austria, casino players located in Canada are able to utilize this method of payment online, with its convenience, speed and security making it an attractive option for many. This page will provide useful and up to date information on everything in which there is to know about Paysafecard, so let’s start by taking a closer look at the casino sites currently offering Paysafecard.
Best Paysafecard Casino Sites 2024
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What is Paysafecard? A Brief History
Paysafecard was founded back in 2000, operated by parent company, Paysafe Group, who also own popular ewallets Neteller and Skrill. Paysafecard regularly records an annual revenue of over $20 million, with their headquarters being found in Vienna, Austria. Paysafecard received EU funding from the eTEN program in 2005, helping them to offer electronic services in a range of European countries. Paysafecard has won numerous awards for their work over the years, including the 2012 Most Innovative Prepaid Solution Europe and the 2016 Best Online or Mobile Commerce Solution.
Paysafecard in Canada
Paysafecard first became accessible to Canadian residents back in 2012, with this being part of their strategy to expand internationally. With an estimated 59% of Canadians playing some form of browser and console games online today, it came as little surprise that Paysafecard were aiming to get in on the act. Payments can now be made in Canadian Dollars too, making them even more appealing to potential users.
Pros and Cons of Using Paysafecard as a Payment Method
The following are the main pros and cons discovered by the testing of Paysafecard as a payment method at casino sites:
- Allows customer anonymity – The fact that customers using Paysafecard get a unique code which then activates payments means that there is no need to share bank details with your casino site, adding another layer or anonymity and security in the process.
- Fast and secure deposits – Deposits made using Paysafecard are generally processed instantly, while the encryption technology involved means that they are also made 100% safely too.
- No connection to any bank – Customers are able to make payments on a range of platforms, including casino sites, without sharing any of their bank or credit card details.
- Partnered with Skrill – Paysafecard is part of the well-known Paysafe Group, which also operate Skrill, one of the leading e-wallet platforms found online today.
- Fees might incur in some cases – Those using Paysafecard are likely to incur some fees along the way when funding casino sites, with maintenance, purchasing and conversion fees all potentially coming into play unfortunately.
- Deposit limits per transaction – A maximum combined PIN transaction of 400 CAD is available through Paysafecard.
- No withdrawal options, except for MyPaysafecard – Those using Paysafecard are unable to process withdrawals, with only those with a MyPaysafecard having this option.
How Does Paysafecard work?
Paysafecards can now be purchased at thousands of outlets across the globe, with customers receiving a 16-digit PIN that will need to be entered upon purchases being made, including depositing on casino sites. No personal or bank details are required, meaning that it is an excellent option for players looking for the highest level of security. There is no need to create an account either, while the lack of waiting periods is also hugely appealing. Paysafecards can be purchased from a number of authorized stores, while the MyPaysafecard is not also an option for players.
Paysafecard vs. MyPaysafecard
The difference between Paysafecard and MyPaysafecard can be outlined through the following figure:
Paysafecard Mypaysafecard
- Maximum combined PIN transaction 400 CAD 400 CAD
- Maximum value of PINs – 3,500 CAD
- Annual total value of used PINs – 6,000 CAD
- Registration and Set Up of a Paysafecard/MyPaysafecard Account
While no account is needed in order to use Paysafecard or Mypaysafecard, the following steps must be taken in order to use this payment method:
- Find a local sales outlet using the easy to use search feature.
- Buy a Paysafecard from an authorized outlet, which are available in amounts of 10, 25, 50, 75 or 100 CAD.
- Enter your unique 16-digit Paysafecard PIN in order to process a payment.
- Does Paysafecard Charge Any Fees?
Using Paysafecard does come with some small fees, with the first coming in the form of a maintenance fee. For Paysafecard PIN’s, a service charge of 2,50 CAD a month is found, however this only comes into effect 18 months after its purchase, which will be deducted from the balance of the PIN itself. As a result, this is unlikely to have any significant impact on day to day customers. Meanwhile, some outlets will charge a small fee for purchasing a Paysafecard, while conversion fees are also incurred. However, there are no fees for simply depositing funds onto your casino site account, which is certainly good news for players.
Paysafecard Alternatives – Prepaid Cards and eWallets
For those who are not 100% convinced by the information surrounding Paysafecard in which you have read on this page, it may be worth considering some of the other payment platforms available to Canadian players today, with the following being among the best options:
Neteller – Also part of the Paysafe Group is Neteller, with the e-money transfer system allowing money to be transferred to and from a variety of merchants, including casino sites. Neteller also offers a prepaid card, with the company having earned an excellent reputation when it comes to reliability and security since they were established in 1999.
PayPal – PayPal is perhaps the best-known e-wallet platform on the web, with the American organization supporting online money transfers internationally, as well as offering an alternative to the traditional forms of payment.
Interac – Interac helps to facilitate e-commerce transactions, with a Canadian bank account being required in order for customers to utilize this option. Interac has been around since 1984, with those based in Canada likely to be familiar with what they have to offer.
Casino Bonus Connected to Paysafecard Deposits
Those depositing using Paysafecard are likely to be in a position to claim a potentially lucrative welcome bonus with their chosen casino, with the majority of sites having no terms and conditions in place stating otherwise. While ewallets such as Skrill and Neteller often do not qualify for such bonuses, the likes of LeoVegas, Casumo, Royal Vegas and PlayOjo are just some of the sites catering for Paysafecard in terms of their promotions and offers.
Tips and Tricks for Using Paysafecard
For those considering using Paysafecard, there are certain tips and tricks that will help to ensure that you make the most out of this particular payment method, including the following:
– Be sure to keep your Paysafecard PIN safe, with the company never asking for such details over telephone or email.
– Only use authorized outlets when purchasing a Paysafecard.
FAQ
There are now thousands of authorized outlets offering the opportunity to by Paysafecard Pin’s, with the complete list being found on their website.
Unfortunately, withdrawals are not available with Paysafecard, meaning that an alternative must be found.
Be sure to check your Paysafecard PIN very carefully, with all 16 digits having to be correct and in order. If you are still having issues, contact the Paysafecard customer support team.
The majority of casino sites available to Canadian players now accept Paysafecard as a method of payment, however check out our casino reviews for further information in this area.
Deposits made using Paysafecard are instant on casino sites, meaning that there are no frustrating waits to worry about.
Final Words on Paysafecard Casino Sites
It comes as little surprise that Paysafecard is becoming increasingly popular when it comes to processing payments on casino sites, with the convenience and security making it hugely appealing for players. While withdrawals are unable to be processed, due to the way in which they work, the positives certainly outweigh the negatives when it comes to Paysafecard, especially when it comes to speed, anonymity and reliability.
