After many online casinos stopped accepting Netteler and Paypal, Paysafecard started gaining increasing popularity. Considering the convenience and the anonymity this payment method offers, it’s not difficult to see why. All casinos o...n our list enable the use of Paysafecard and ensure fast and convenient payments while allowing you to deposit money completely anonymously.
Keep scrolling to learn more about the Paysafecard banking method — how to use it, why we recommend it for online gambling, and other relevant information.
Our priority is singling out the best and the safest banking options, so we apply rigorous criteria and make sure the methods and the casinos we choose tick all the boxes. Only after we’ve thoroughly explored and tested every aspect mentioned below do we feel comfortable recommending specific payment methods.
Availability
First and foremost, we determine whether a selected payment method can be used by the players from Canada and whether major casinos allow the use of it.
Safety and security
Player protection is our primary concern, so we only recommend those casinos and banking options that take the extra precautions.
Fees
When it comes to online transactions, we want additional costs to be as low as possible — or, better yet, non-existent. Therefore, our selection includes casinos and payment methods that come with the lowest fees, if any.
Limits
No matter how convenient a certain banking method is, players will hardly be happy to use it if it has high minimum deposit and low maximum payout limits. Basically, payment processors and casinos must have reasonable and flexible limits to make our list.
Processing speed
Whether you’re topping up your account or withdrawing your winnings, you want the funds to reach their destination as quickly as possible. Time is a commodity we can’t afford to waste, so we pick payment solutions that allow the fastest payouts for Canadians.
Ease of use
All banking options we recommend feature simple and fuss-free systems that are quick and easy to use. We look for payment methods that don’t come with complicated registration and authentication procedures so that you can complete your transactions in a few straightforward steps.
Customer support
We can’t always count on things to run smoothly and efficiently, which is why it’s important to have professional help at our disposal, preferably 24/7. The payment processors on this page have fast and efficient customer support agents ready to assist you whenever you have a problem.
About Paysafecard
Paysafecard is a prepaid payment method that has been around the fintech industry since 2000. It is a Paysafe Holdings UK Limited subsidiary with headquarters in Vienna, Austria, from where it caters to the needs of users from 50 countries worldwide, including Canada.
The driving force of Paysafecard is its simplicity and convenience. This prepaid payment method does not require a credit card or a bank account to process a payment. On the contrary, you can simply visit one of the thousands of retailers that have partnered with Paysafecard to purchase your prepaid Paysafecard with different values, such as $10, $30, $50, $100, $150 and $250.
The Paysafe prepaid card contains a unique 16-digit PIN code that you can enter in your casino’s cashier department to make a deposit. This is the only piece of information you will need to disclose to the casino, making Paysafecard gambling extra safe and anonymous.
Pros and Cons of Playing in Paysafecard Casinos
While playing in a Paysafecard online casino does come with unique benefits, we must also consider some of its disadvantages. Below is a full list of the pros and cons of using this banking option.
Pros
Anonymity — You will get to pay without revealing your identity or using bank accounts and credit cards.
Privacy and security — Since there will be no need to share any of your personal information, your data will always stay protected.
Convenience — You’ll simply need to buy a prepaid voucher and use its 16-digit code to make payments.
Speed — After you type in the PIN code, you can expect your funds to be transferred in a matter of minutes.
No third-party processors — No intermediaries will be involved in your Paysafecard transactions.
Availability — It is widely accepted in online casinos.
Low minimum deposit limit — It allows you to make a C$10 deposit.
Cons
Fees — Some retailers may charge additional fees when you buy a voucher.
No withdrawals — Most casinos don’t enable Paysafecard payouts.
Since most casinos don’t support withdrawals with this payment method, they usually also enable other convenient banking options you can use for this purpose. Buying a Paysafecard may come with a small sales fee, but you can avoid this if you find a reseller that applies no additional costs.
It is clear that the advantages of using Paysafecard transactions far outweigh the disadvantages. One of the main reasons many players love using this processor is the security and anonymity few standard banking options can guarantee. At the same time, the players using Paysafecard have access to all regular perks, such as a deposit bonus most casinos offer nowadays.
The Best Paysafecard Casinos
The table below presents the best Paysafecard casinos in Canada and includes their payout speeds, along with some other information. Check it out.
A casino site accepting Paysafecard makes it extremely easy for players to fund their accounts. There is no registration, verification, or authentication process needed — you just need to fbuy a prepaid voucher and use its unique PIN code to make a payment. Here is the breakdown of the process:
Visit the Paysafecard official website to find a list of licensed online or physical retailers in your area.
Buy a Paysafecard voucher in the desired amount.
Use the 16-digit PIN code from your voucher to top up your Paysafecard account.
The funds will be transferred in a couple of minutes.
Alternatives to Paysafecard for Casino Payments
Although Paysafecard is one of the most popular banking options for online gaming, not every casino enables its use. Paysafecard is also not a suitable option if you want to play with C$1 or C$5 minimum deposit. Luckily, there are other convenient methods available to Canadian citizens.
Credit cards
It is difficult to find a casino that doesn’t enable the use of credit cards. The most common ones are Visa and Mastercard. Although this banking option doesn’t ensure the anonymity Paysafecard does, it usually comes with excellent information protection systems, flexible limits, and instant deposits. Most casinos also enable credit card withdrawals.
iDebit
iDebit is a payment processor that lets users make deposits from their bank accounts. It works with most Canadian banks and allows players to transfer money without revealing their banking details. In addition, it is also possible to withdraw money from your account using iDebit, with some small fees.
Instadebit
Instadebit casino payments work on pretty much the same principle as iDebit. It allows players to fund their accounts directly from their bank but without sharing any sensitive information with the casino. It is usually available for both deposits and withdrawals.
ecoPayz
ecoPayz is one of the most popular e-wallets in the world and one of the most commonly used payment methods in casinos. Players can complete their deposits directly from their ecoAccounts, without disclosing any sensitive personal and banking information.
Interac
Interac is another payment method that keeps your personal information hidden from casino sites and other third parties. It is the most popular e-transfer provider in the Great White North, working with most Canadian banks. Players can use it for deposits and withdrawals with short transaction times and low fees.
eChecks
Electronic checks are another widely accepted banking method. Canadians can buy these checks online and use them for instant deposits. Withdrawals are possible as well, but they may take up to five business days.
Final Thoughts
Paysafecard is one of the most popular banking methods used on online casinos. It allows players to deposit money without using their credit cards or disclosing their banking information. This anonymity ensures increased security of the users’ sensitive data and greater convenience since there are no verification steps.
These and other fantastic features are the reason why Paysafecard has found its place on our list of preferred payment methods. We hope the information included in this article has helped you decide whether this provider is the right choice for you. If you are as thrilled about it as we are, feel free to choose any site from our list and we promise you won’t make a mistake.
FAQs
What deposit and withdrawal limits does Paysafecard impose?
Paysafecard voucher values available range from C$10 to C$250. Players can combine individual vouchers to deposit greater amounts, but the processor limits single transactions to C$400. The maximum amount my Paysafecard users are allowed to deposit annually is C$6,000.
What is the Paysafecard transaction time?
Once you type in your PIN code, you can expect the funds to be in your account within a few minutes.
Do mobile casinos accept Paysafecard?
Yes, they do. Every casino that has a mobile version enables the use of this method on its smartphone and tablet sites and apps.
Is it safe to play in Paysafecard casinos?
Yes, Paysafecard is one of the safest payment methods you can use to fund your gaming activities. It is completely anonymous and doesn’t require the use of bank accounts and credit cards, keeping your sensitive information private.
Does Paysafecard support withdrawals?
Unfortunately, you will only be able to make deposits using this banking option.
How does Paysafecard differ from other similar banking options?
Paysafecard differs from other payment methods because it doesn’t require its users to share any personal information. Players can buy prepaid vouchers completely anonymously, using cash. Since there are no registration and verification steps involved, the whole process is much simpler and faster.
Are there any fees on Paysafecard transactions?
Although individual Paysafecard transactions are fee-free, there are some additional costs. For instance, there is a monthly maintenance fee of C$2.50, deducted every 18 months. There are also conversion fees that apply when you use a foreign currency. Individual retailers may also charge their own fees for the service they provide, but Paysafecard doesn’t reimburse these costs.
Written By
Brian MorinCasino Reviewer, Content Editor
Brian works in iGaming since 2018 reviewing online casinos, writing guides, and trying new games and strategies. His rich experience in gambling helps the Casinosters team provide you with honest reviews, profitable bonuses, and rewards. Brian is a big fan of video slots and traditional casino card games.
