Last updated on April 29th, 2022 at 09:12 am
What is Paysafecard?
Paysafecard is an online payment method that works independently of bank accounts, credit cards, or other personal information. The payment system uses a 16-digit PIN code or scanning a Paysafecash barcode at the point of sale to complete transactions without the need to share sensitive financial data. Paysafecard was founded in Austria in 2000 and is now part of the Paysafe Group operating in over 50 territories, countries, and jurisdictions.
The payment system is convenient with countrywide payment options, cross-border payment options, and cross-currency payment options. Enrollment to the system is easy as all a customer needs to do is buy a voucher at a local outlet and use it to pay online. In the 50 countries in which Paysafecard operates, it has over 650,000 outlets. Once the customer purchases the voucher, he can use it to check out online at Paysafecard-accepted sites such as online games and casinos.
Best Paysafecard Casinos
Here's the selection of best online casinos that accept Paysafecard in Canada.
How It Works
Payments with Paysafecards are simple and secure. All you have to do is purchase a special voucher with a 16-digit pin from a local outlet. There are no fees involved on the purchased voucher as the amount paid is the amount available on the code. Apply the code to online purchases. Paysafe is convenient as the user can check balances instantly using the Paysafecard online app. You can make as many purchases from the voucher until you exhaust the balance. Customers can combine up to 10 Paysafe vouchers when making large purchases online.
How to make a Paysafecard payment in an online casino in 5 easy steps
Time needed: 2 minutes
Here's how easy it is to play real money casino games with Paysafecard in this step by step guide.
Paysafecard is a safe and convenient way to pay in most online casinos. But how can you use it? Making payments using Paysafecard takes only 5 easy steps. They are:
- Buy a Paysafecard Voucher
Locate the nearest Paysafe outlet and buy a voucher. It is easy to find the shop on the website or app.
- Find a Paysafecard Casino
While Paysafe works with many casinos, not all casinos use the platform; therefore, ensure that your top casino accepts Paysafecard payments. Register or sign an account with the best online casino.
- Go to the fund account section
Once you are into the online casino, find the deposit section. Choose the Pay safe card option and press continue.
- Enter the 16 payment code
The site will direct you to a page to enter the 16-digit voucher code. Depending on the casino limits, you can enter amounts from as much as $10 to $1,000. You can enter multiple codes for a large amount or only use part of the balance from the Paysafecard voucher.
- Use the money to Play real money Casino Games
Once you enter the codes, you will instantly get money deposited into your account. In most cases, the casino won't charge for the deposits. However, if the payment is in different currencies, Paysafe will deduct 2% of the payment as a conversion fee.
Four Advantages of Paysafecard:
Paysafecard has managed to win the hearts and minds of many customers globally, growing its base owing to several innovative solutions and key advantages. There are four main advantages to using Paysafecard for payments.
1) No Bank Account or Credit Cards
Many payment options require one to have a bank account or credit card attached to them. The convenience means you can get a card quickly and securely without going through the red tape associated with opening a bank account. A Paysafe voucher does not carry any personally identifiable information making it safe as both Paysafecard and third parties do not have any details on the customer.
2) Private and Untraceable Transactions
Lack of a bank account makes using Paysafecard as safe as using cash as your privacy is guaranteed from being sold to 3rd parties. The similarities to cash mean that you can share your Paysafecard voucher with another person. The person uses it seamlessly for online payment without changing any details.
There are no background checks on the platform though this has led to criticism of the platform, with some claiming that it is used for illegal money transfers. But the argument against this is that if the money in your wallet is not traceable, why should money online be used to trace you? The real advantage of Paysafecard is not keeping any personal details, this reduces loss. That means that the amount of cash exposed to loss by fraud or accident is limited to the denomination of the voucher purchased; no credit card data or bank account are put at risk.
3) Widespread Acceptability
The online payment platform is available in over 50 countries. Thousands of online shops accept the payment system across multiple nations, making it suitable for use in many transactions. Its acceptability, much like cash by online merchants, gives it a widespread appeal. Very few platforms have the reach and acceptability offered by Paysafecard.
Paysafecard is secure and does not give any personal data, bank, or credit card information. The website is also encrypted, protecting your data from third-party malicious actors. You, however, have to guard the sixteen-digit payment codes as anyone who can access your cash.
Paysafecard vs Paysafecard Mastercard
While Paysafecard relies entirely on 16-digit codes or scanning the barcode, it is possible to create a free account. The account allows you to check your balances and manage your cash flow.
The Paysafecard account allows users to order a Paysafecard prepaid Mastercard. Once you order the card, it typically arrives within 20 days. The card is not connected to any bank account but will allow you to access all Mastercard branded ATMs and merchants worldwide. The Paysafe Mastercard enables ATM withdrawal, money transfers to banks, and online payments. It is safe to pay and typically hedges against running in debt as it doesn't offer credit. You can check the Paysafecard Mastercard limits and the PaysafeMastercard fees on the official website.
Yes, it is a safe and secure method relying on a 16-digit code to secure your funds for online payments. The Paysafecard is encrypted and does not hold any personal details.
Paysafecard has spread its wings over Canada, with the country awash with online casinos that offer this payment method.
Paysafe vouchers are available in over 650.000 local outlets in your area, such as newsagents, gas stations, shops, or prepaid card vending machines. You can locate the nearest outlet on the Paysafe webpage.
The use of the card and the payments are generally free. However, there is a $2 monthly after 24 months of inactivity and a $7.50 for any unused cash.
Unfortunately, there is no way to make a withdrawal with Paysafecard unless you use another method or Paysafecard Mastercard. You can withdraw your winnings via bank, credit card or any other supported payment that the casino offers. See here how to withdraw you winnings.