The Paysafecard casino payment method is a third party payment processor that is used to make deposits into your online gambling account. It is a prepaid system that is accepted by thousands of online retailers but is most popular with gamblers. PaySafeCard uses a voucher system and this means that you have to buy cash vouchers which are then converted into electronic payment systems using a pin code. You can use your vouchers to fund your casino account and the best thing is that this option is available for Canadian players.
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As a voucher system, the premise of PaySafeCard is that you pay a certain amount of money into your card account and you spend it from there. It was initially created back in 2000 for people in Europe who were having problems getting money into online gambling accounts. Their headquarters are in Vienna, Austria. One of the great things about this payment option is that it works like a debit card and not a credit card meaning you can't use it if your account doesn't have money in it. Cards can be purchased in physical locations across Europe and there are also a large number of online retailers with over 2,500 in total where you can purchase your cards. Since this is a pre-paid card, you don't have to give out your financial details or personal details to get it. You buy your voucher just as you would anything else and you will be given a PIN code, The code is used to make your purchases.
The only way to fund your Paysafecard account is to buy vouchers. There are different limits to the vouchers you can purchase depending on where you live. You can usually but vouchers in units of between $10 and $75 and the only way to make a larger purchase is to combine your vouchers. You can combine up to ten vouchers with a limit of $1,000. The main reason a lot of people choose this option is the security and anonymity it provides. Once a voucher is purchased, the transaction is complete. You never hand over any personal information and the online gambling site you choose to fund with your voucher doesn't get any personal or financial information as part of your transaction either. There are fees applied to your transactions so be sure to check these out too.
If you choose this option at your online casino it is worth noting that because this is a pre-paid voucher system, you won't be able to use it as a withdrawal method. A withdrawal requires that you have an account to send funds to and there is no account associated with PaySafeCards so you will have to have an alternative withdrawal method in place.
There are quite a few advantages to choosing this payment method and these include:
There are also some disadvantages to choosing a Paysafecard casino payment method and these include:
There are a lot of casinos that have this payment option including Canadian online casinos accepting Paysafecard. There are in fact hundreds so there is plenty of choice. Some of the top names include William Hill, 888 Casino and more. When it comes to software providers, Microgaming, RTG, Playtech, Betsoft, NetEnt, and Evolution Gaming all provide this payment option. Most of the licensing authorities work well with Paysafecard too, including Alderney, Antigua and Barbuda, Malta, Cyprus, The Isle of Man and Gibraltar.
If you do opt to use this payment method, another thing you should keep an eye out for is Paysafecard casino bonus offers. A lot of online casinos now offer promotions based on the payment method that players choose. These are percentage bonuses that are offered and they are available every time a player funds their account using that payment method. They are usually between 10 and 15% and a great way to get some free cash. There are some terms and conditions that must be adhered to so be sure to read these before accepting any offers.
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