Online casinos typically support a wide range of banking options and prepaid cards are one of the methods you can opt for. One of the most popular prepaid cards is PaySafeCard which allows you to fund your casino account in a quick and convenient way.
Today you can hardly find an online casino which does not accept this payment option, so stay with us to learn what makes this solution so popular. Available in more than 40 countries, PaySafeCard may become your favourite payment option. It can help you manage your bankroll efficiently and enjoy your stay at the casino to the fullest.
What is PaySafeCard
PaySafeCard is a prepaid card or simply a voucher you can use to carry out your payments on the web. It comes in denominations of CA$10, CA$25, CA$50 and CA$100. Depending on the country you come from, you can buy PaySafeCard in different currencies and use it to pay in foreign currencies. In this case, you can use the currency converter on the official website to find out the exact amount you should pay.
- Protect your personal details
- Stay anonymous while gambling online
- Keep your money safe and secure
- Maintain control over your identity and finances
PaySafeCard can be bought at 500,000 sales outlets around the world. When you purchase a card, you receive a voucher with a 16-digit PIN code. The PIN code is what you provide the online casino of your choice with. This way you keep all your financial details secret. To find the nearest outlet you can use Find Sales Outlet on the PaySafeCard website. Whether you use an Apple or Android mobile device, you can install the app and track the nearest sales outlets. Typically vouchers can be bought at shops, post offices and supermarkets.
Another option to buy the card is to pay it online with your credit card, bank transfer or other banking methods. If you purchase PaySafeCard this way, you will be given a virtual PIN code you should complete your payments with. When bought, PaySafeCard is valid for the next 12 months. At any moment you can check your balance on the website by providing the 16-digit PIN code.
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PaySafeCard was founded back in 2000 in Austria and Germany. Today the company’s headquarters are based in Vienna, Austria, but it also has offices and subsidiaries worldwide. As a leader in prepaid payment options on the CADpean market, PaySafeCard acquired another popular prepaid method Ukash in 2015. PaySafeCard is fully owned by Skrill Group and it offers its services across the globe including Australia and New Zealand. Providing its customers with high-quality service, PaySafeCard has been awarded several times as one the most innovative prepaid solutions.
How to Deposit with PaySafeCard
To make a deposit to the online casino with PaySafeCard, first you should get one at the nearest selling point or via the web. Go to the cashier’s and choose the prepaid card as a preferred payment method. Enter the amount you want to deposit and the currency. Proceed to enter the 16-digit PIN code which can be found on the voucher. Confirm your transaction and the money will be added to your casino account.
You can also sign up with an account and create a PaySafeCard wallet on the service provider’s website. This is where all your vouchers purchased online can be stored. Login into your My PaySafeCard account from the cashier’s and complete your payments by providing 16-digit codes.
How to Withdraw with PaySafeCard
PaySafeCard is a prepaid option and it does not allow receiving payments. That means that you cannot use it as a withdrawal method to clear your winnings. To cash out the funds from your casino account you have to choose another withdrawal method.
Fees and Timeframes
Casino deposits made with PaySafeCard are free of any additional fees and they are processed instantly. However, you should keep in mind that certain fees may be charged by the service provider. If you have created a My PaySafeCard account and you have not made any transactions via it for 12 months, from the 13th month a monthly fee of CA$2 will be deducted from your account. As we have already mentioned, PaySafeCard is valid for 12 months. If you have not used it during this period, you will be charged a monthly maintenance fee of CA$3 from the 13th month. All currency exchanges are subject to a conversion fee, while a CA$6 redemption fee applies to all refunds.
Why Use PaySafeCard
Using PaySafeCard comes with multiple benefits. They include the complete anonymity and safety of your transactions, instant payments and a smooth user experience. It is quite easy to complete your transactions with PaySafeCard whether you purchase it at sales outlets or online. You are also provided with an option of creating an e-wallet which allows you to manage your vouchers and keep them all in one place. Another advantage of using PaySafeCard for your casino deposits is the fact that it enables you to manage your bankroll easily and not exceed it. Not to mention that you will not be charged any additional fees on deposits made via this payment option.
Disadvantages of Using PaySafeCard
When it comes to disadvantages of using PaySafeCard as a payment method in online casinos, we can list a few. First and foremost, you cannot withdraw with it, so you have to find another safe and reliable banking method to clear your winnings. This method is not convenient for high-rollers as vouchers are limited to CA$100. Although web shops typically accept up to 10 PIN codes combined thus allowing you to pay the maximum amount of CA$1,000, with online casinos this is not the case. If you want to deposit sums which are larger than CA$100, you will have to use separate cards. Every time you will have to enter the sum you want to deposit and a PIN code. Once you have bought a voucher, don’t forget to use your funds as you might be charged a maintenance fee if they are not spent within 12 months. The same goes for My PaySafeCard accounts.