Of the many different payment methods available to Canadian players, Paysafecard stands out for being quite different from the rest of the available e-wallets, debit/credit cards and cryptocurrency solutions. The provider has emerged as a favourite among players who don’t want to connect their banks directly to their online gambling, offering a high level of security, privacy and anonymity in the process. But while it can be perfect for making deposits, some issues may arise when withdrawing with Paysafecard.
I’ll be walking you through all of these details in the guide below, which also features the best Paysafecard casinos in 2024. This walkthrough also gives you a better look at deposits and withdrawals using Paysafecard and a direct comparison with similar payment methods at Canadian online casinos.
Top Casinos That Accept Paysafecard in 2024
No-wagering bonuses
Great rewards system
Diverse game selection
Unique promotions
Crypto payments
Big variety of games
Premium gambling platform
Regular ongoing promotions
Crypto-only casino
Excellent customer support
Personalized bonuses
Fast withdrawals
Strong Crypto focus
Unique offerings
Responsive customer support
Rich gaming library
Strong welcome bonus
Good variety of payment options
Great VIP program
Customer support is reliable
Generous welcome bonuses
What Is Paysafecard and Why Is Popular Among Canadian Casino Players
Founded in 2000, Paysafecard is a prepaid payment method that can be used to handle all sorts of online shopping and transactions. It also happens to be immensely popular in the world of online gambling, giving you a secure alternative to traditional online payment providers like MasterCard, VISA and Interac. The idea here is simple, you buy your Paysafecard voucher, enter its unique PIN at your online casino and immediately fund your account.
What Makes Paysafecard So Popular
Apart from its user-friendliness, several other factors contribute to the payment provider’s popularity online. Transactions made using Paysafecard are highly secure, using end-to-end encryption to keep all your data safe. You’re also given a high level of privacy and anonymity since you don’t need to provide any of your bank details directly to complete transactions. This also reduces the risk of fraud and adds a high standard of safety for every single transaction.
You also get instant deposits with Paysafecard, allowing you to jump into all your favourite games immediately. Withdrawals are slightly different since not all online casinos allow you to withdraw using Paysafecard. Whenever it is an option, Paysafecard withdrawals take as long as e-wallets generally do, processing your funds within 72 hours.
While it may not be as widely available as MasterCard or VISA, Paysafecard can be found at most Canadian online casinos. Its popularity and availability have made it an ideal option for players who prefer keeping their bank accounts and online gambling separate.
How to Use Paysafecard for Deposits and Withdrawals at Online Casinos
Paysafecard transactions at online casinos are quick and efficient. But before you can start depositing and withdrawing with Paysafecard, you first need to get your hands on a voucher. These are offered by several retail stores in Canada and can also be bought online. The voucher has a 16-digit code that you must enter at the online casino to complete your transaction. While you don’t need to enter your bank details at online casinos, you will of course need to use your debit/credit card or bank details to buy the Paysafecard voucher.
How to Deposit Using Paysafecard
Paysafecard deposits are widely available at casinos that support the payment method and you can fund your account by following these simple steps.
- Pick a Paysafecard Casino – Start by selecting an online casino that accepts Paysafecard. You can refer to the list I put together above to find a great place to play.
- Log Into Your Account – Once on the site, you must log into your account using your username and password. If you haven’t signed up yet, complete the registration process. This varies from one online casino to another, but you’re generally asked to enter your personal information and pick a username and password.
- Access the Deposit Function – Find the deposit page on your online casino. This is generally under the cashier page, account tab or main menu. Once you access the function, be sure to select Paysafecard as your deposit option.
- Enter Deposit Details – Input your Paysafecard voucher’s 16-digit PIN and follow that up by adding the amount you wish to deposit. Make sure this is above the minimum deposit requirement and below the maximum threshold. Be sure to verify these restrictions from the casino’s terms and conditions. You can deposit in Canadian dollars.
- Confirm the Transaction – Once you have confirmed the transaction, your funds are immediately added to your account and you can start playing.
How to Withdraw Using Paysafecard
Withdrawals with Paysafecard are more limited than making deposits since not all online casinos support this process. So, first of all, you’ll want to make sure that the casino you’re playing at allows you to withdraw using the payment method. Next, make sure your account has been verified.
To do so, you’ll need to upload proof of identity and address by submitting a copy of your passport, driving license or government ID, as well as a utility bill with your current address. With Paysafecard, you don’t need to verify your payment method. Also be sure to clear any pending wagering requirements you have from promotional offers and bonuses, as you won’t be able to make any withdrawals until this is complete.
- Access the Withdrawal Function – Head over to the withdrawal function at your online casino. This is usually found next to the deposit function in the cashier section, account page or main menu. Pick Paysafecard from the list of available methods.
- Enter Withdrawal Details – Enter your Paysafecard code and input the amount you wish to withdraw from your account. Make sure you have enough funds to withdraw and that the amount you enter falls within the minimum and maximum restrictions set by the online casino.
- Confirm Transaction – You can now confirm the transaction and receive the funds in your Paysafecard account within 72 hours.
Do Casinos Offer Exclusive Casino Bonuses for Paysafecard Users
At the time of writing, I am not aware of any exclusive bonuses for Paysafecard users. This can change in the future since online casinos are always coming up with new promotional offers for their sites. In the meantime, you can use Paysafecard to claim all regular bonuses and deals at online casinos including welcome bonuses, reload deals, free spins, cashback deals and more.
How Does Paysafecard Compare to Other Payment Methods?
Paysafecard comes with several benefits including a high level of security and privacy, as well as fast withdrawals whenever they’re available. You also get no Paysafecard fees on your transactions. This contrasts with some of the other popular payment providers you get at Canadian online casinos, as you can see from the table below.
| Payment Method | Transaction Fees | Processing Time | Security | Availability |
|---|---|---|---|---|
| InstaDebit | None | 24-72 hours | High | High |
| MasterCard | None | 1-5 business days | Medium to High | Very High |
| VISA | None | 1-5 business days | Medium to High | Very High |
| Bitcoin | None | 0-48 hours | Very High | Medium |
| Interac | $1-$5 for each withdrawal | 1-3 business days | High | High |
| MuchBetter | 2% | 0-72 hours | High | Medium to High |
| Paysafe Card | None | 24-72 hours | High | High |
How We Ranked the Best Paysafecard Casinos
Ranking online casinos is a task that we at Gambling Information are very familiar with. So, we decided to come up with a system to rank the best casinos with Paysafecard, making sure you only get recommended sites that are safe, fun and helpful. You can follow the method behind the madness below, understanding the criteria we follow when deciding on our top picks.
Our top priority is security, so we make sure that all of our recommended online casinos have been licensed by trusted regulators like the MGA, KGC, UKGC and AGCA. Regulators play a crucial role in the online casino world, forcing strict rules and measures on online casinos to ensure their service is fair and safe. This extends to the games they offer, promotional offers they deal out, as well as the payment providers they support. Regulators must also hold regular audits to make sure that online casinos are being diligent and maintaining these standards.
The sites we pick must also offer a vast range of online casino games including video slots, table games and live casino games. Additional niches like bingo and progressive jackpots are welcome additions too. The games themselves must also be provided by developers that we know and trust such as NetEnt, Red Tiger and Playtech. This guarantees the quality of games that deliver innovative features, lucrative win potential and striking visuals.
Customer service is another crucial point since issues and questions will pop up at some point or another during your time at an online casino. The sites we have recommended offer 24/7 customer support which you can reach through live chat or email. They come with a quick response time and are supported by an experienced team of representatives who can guide you through whatever might come up.
Mobile casinos are also immensely important, and we make sure the casinos we pick offer an optimized experience on mobile devices. These sites can be accessed on mobile browsers like Chrome, Firefox and Safari with responsive design automatically shifting the interface to suit smaller screens. Some of the included casinos also come with dedicated mobile apps that you can download from the iOS and Android storefronts.
Having passed these criteria, the sites finally make it onto our list of the best casinos that accept InstaDebit, so you only get to pick from the very best.
Pros and Cons of Using Paysafecard at Online Casinos
Paysafecard brings several clear advantages to the table, but there are still a few drawbacks to consider when deciding on the payment method.
Pros
- Safe transactions through end-to-end encryption.
- High level of privacy that separates banks from your online casino.
- Fast processing times on deposits and withdrawals.
- Highly available at online casinos, especially for deposits.
Cons
- The withdrawal function is not widely available at Canadian online casinos.
- The deposit maximum limit can be quite low when compared to other payment methods.
Do I Suggest Using Paysafecard at Online Casinos?
I’m the sort of player who values privacy and security above things like transaction speed, so Paysafecard makes for the perfect fit. The prepaid nature of the service makes it ideal for players who like me, prefer keeping a separation between their bank account details and online casinos. I also don’t like saving my financial information on all that many sites, which makes Paysafecard even more useful.
Paysafecard also adds a great level of financial control, because you only get to spend what you have prepaid. There isn’t an endless supply of funds that you can funnel in from a credit card or bank account. It makes it easier for you to manage your spending and maintain better control over your gambling budget.
The biggest downside here is the withdrawal limitation. Unfortunately, this function isn’t as widely available as depositing, so you’ll end up having to resort to a different payment method to withdraw your funds.
Despite this issue, Paysafecard remains one of the best payment methods available in Canada, combining fast transactions with an unparalleled level of control, privacy and security.
Frequently Asked Questions
Is Paysafecard Safe to Use at Online Casinos?
Yes, Paysafecard is safe to use at online casinos and gives you a layer of privacy that few other payment providers offer. You simply enter your voucher code at online casinos without ever having to input your card or bank details.
Can I Use Paysafecard for Casino Withdrawals?
Yes, Paysafecard can be used for casino withdrawals, but the function isn’t widely available at Canadian online casinos.
Are There Any Fees for Using Paysafecard?
No, Paysafecard doesn’t add any fees to the transactions you make. However, online casinos may add their fees for deposits and withdrawals.
