Availability in Canada
A huge upside to PaySafeCard is that virtually all Ontario-licensed casinos support this payment method. Beyond that, the majority of offshore casinos also accept PaySafeCard payments. The only constraint you might face is having a convenience store or gas station nearby where PaySafeCard vouchers are sold.
How to Use (Step-by-Step)
PaySafeCard works quite differently than your other typical online payment methods. Here’s how to get set up:
- Buy a PaySafeCard voucher from a participating location near you.
- Create MyPayCafeCard account (optional but useful for frequent users).
- Go to your favourite online casino deposit page.
- Select PaySafeCard from the list of payment options.
- Enter the PIN number on your purchased voucher.
- The money will be instantly transferred so you can start playing!
Pros & Cons of Paysafe Payments
Below are some of the pros and cons you might experience with PaySafe -
Pros:
- Cash-based privacy means there’s no way to track payments or leak personal information.
- Paying with cash can make it easier to control your gaming budget and play more responsibly.
- PaySafeCard is available at basically Ontario casinos.
Cons:
- This is a deposit-only method, withdrawals through PaySafeCard are not possible.
- Service fees and maintenance fees sometimes apply.
Fees & Limits
There are no fees when using PaySafeCard to deposit at online casinos. If your transaction involves a currency conversion, an additional 3% may apply. Vouchers have a minimum of $10 and maximum of $250, but you can deposit up to $400 online if you have a MyPaySafeCard account. Casino-specific deposit limits vary, but most allow up to $1,000 per transaction.
Mobile & App Compatibility
The mobile app offered by PaySafeCard provides a great way to manage your PaySafeCard account if you choose to make one. The app is available on iOS and Android devices for free. The app makes it easy to find PaySafeCard voucher locations near you, use a QR-code in place of your PIN, and lets you keep tabs on your account balance with ease.
Security & Privacy
PaySafeCard is one of the most secure payment methods out there. This is because you don’t have to share any banking or personal information to use this service. On top of that, PaySafeCard employs an encrypted payment interface to ensure all transactions remain secure. As long as you keep you PIN safe, you have nothing to worry about.
Payout Speed & Deposit Timeframes
Deposits using PaySafeCard are reliably fast. In fact, most deposits go through instantly. Unfortunately, withdrawals using PaySafeCard are not possible, so you’ll have to opt for a different method. Alternatives such as Interac and EFT generally take one to three days to process withdrawals.
Comparison to Other Methods
The payment method you choose will depend on what you value most when transferring money at online casinos. Compared to Interac, PaySafeCard offers more anonymity. In a similar vein, PaySafeCard doesn’t require a user account like many other e-wallets, with the tradeoff of not being able to make withdrawals. Unlike credit cards, PaySafeCard doesn't involve debt and is therefore great for keeping your spending in check.
Final Thoughts
If you value privacy and prefer cash payments, PaySafeCard is for you. Paying with cash at online casinos using PaySafeCard makes budgeting easy, and guarantees full privacy and security. Keep in mind, this method is not always the most convenient given the requirement of visiting a physical location to purchase a voucher and the lack of withdrawal option.
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Author
Wes is an editor and writer for BetCanada.com. Based out of the Kansas City area, Wes has covered sports professionally since 2015 with a strong emphasis on sports betting and the NFL, though he's also covered pro wrestling, UFC, college sports and more.