What is Paysafecard in Canada?
Well, it’s the same Paysafecard used by the rest of the world. We’re more interested in Paysafecard betting for this guide. As it happens, you can’t understand how the betting industry works if you don’t understand what the payment method is in the first place.
Let’s summarize the main characteristics of the company before we go any deeper.
- Paysafecard is an Austrian company founded back in 2000.
- It’s a prepaid method that allows you to pay the majority of the online vendors in Canada. From grocery stores to gas stations to game parlors, you may use Paysafecard for online and offline payments.
- My Paysafecard and Paysafecard Mastercard are 2 additional offerings from the company. My Paysafecard is designed to keep all of your PINs in one place while the Mastercard allows you to withdraw funds from enabled ATMs.
- Paysafecard is widely used for betting all over the world. Hence, you’ll find plenty of Paysafecard betting sites in Canada as well.
- There are no fees for Paysafecard betting. But if you let the vouchers sit idle for long enough, they’ll start losing value.
How Does Paysafecard Work?
The payment method might be called Paysafe “card” but there are no physical cards in most cases. Paysafe is known as one of the best prepaid payment methods of our time. The “card” is just a moniker in this case.
However, we think it’s called a Paysafecard and not a Paysafe voucher is because of the PIN. The only unique identifier on the voucher is a 16-digit code. The pattern of the digits is very similar to the ones found in credit and debit cards. Each voucher has a value. Of course, the range varies from country to country. You purchase the voucher from a physical distributor or from an online shop for the equivalent in cash. Then, you get to spend the voucher in any way you want using the PIN.
One of the best features of Paysafecard betting in our opinion is that you don’t have to use up the entire balance at once. You can use a portion of the voucher and use the remaining balance at a later date.
History of Paysafecard
You already know that Paysafecard was founded back in 2000. It primarily operated in Vienna, Austria only. At that time, the name of the company was Paysafecard.com Weterkarten AG. The “Weterkarten” means prepaid in English.
During the initial years, the company largely focused on developing its technical infrastructure. IBM, one of the world’s largest technology companies at that time, is credited to be fundamental in the development of Paysafecard. After a few changes in the company like a CEO taking over and getting the eTEN grant, Paysafe started expanding its operations. Primarily, it was only in the EU countries. And later, it spread across 45 countries in the world!
Another fun trivia is that Paysafecard, Neteller, and Skrill are owned by the Paysafe Group. If you don’t know already, all of these payment methods are extremely popular in the iGaming industry.
Paysafecard in Canada
The payment method in question has been operating in Canada for years. Paysafecard betting is a very viable and popular activity among both new and existing players. Plenty of merchants all over the country offers Paysafecard card payments, including the Paysafecard betting sites.
You can buy Paysafecard in Canada from online shops. The vouchers range between C$10 to C$250. You can buy as many as you want. A tiny drawback is that you need to pay a small product fee for every purchase.
Advantages of Using Paysafecard
There are a lot of advantages to using Paysafecard betting sites or using the payment method for any of your other needs. As it’s a prepaid method, it offers some features that most other online payment methods cannot.
Let’s try to get a grasp on what benefits Paysafecard offers to the users.
For many people, this is the only reason to opt for a prepaid method. As you’re buying the vouchers from 3rd party vendors, there’s no need to provide your information to anyone.
Moreover, when you deposit at Paysafecard betting sites in Canada, you only need to use the 16-digit code. It’ll take care of the payment for you. No need to enter any bank details, credit card numbers, passwords, addresses, or anything at all.
This is a great feature offered by all prepaid methods in general. Paysafecard happens to be the most popular of them. As a result, you can find vouchers all over the country. You can buy them from your nearest grocery store, gas stations, online vendors, and whatnot.
If you’re trying to pay a vendor but you don’t have the right payment method on you, you can simply ask them whether they accept Paysafecard payments or not. If yes, your problem is solved.
Payment security is something plenty of Canadian casino players are concerned about. It applies to the sports bettors too. Because the nature of the industry makes it vulnerable to security breaches. Thankfully, Paysafecard betting sites are some of the safest modes to pay a website.
You already know about anonymity. It’s a big security concern for a lot of players. Paysafe has solved it by eliminating the need for any personal information whatsoever.
Moreover, Paysafecard claims that the vouchers cannot be hacked because there are no electronic chips used. Also, no one can use the 16-digit PIN to manipulate the value of the vouchers to unlawful gains.
Accepted Across Paysafecard Betting Sites
One of the main reasons Canadian players and punters would want to use Paysafecard is a wide acceptance. Pretty much every betting site and online casino you can think of in the country, you’ll find Paysafecard as a valid payment method.
Sometimes, you may have to dig a little deeper to ensure that Paysafecard is there. Some operators do offer the method but they don’t list any logos on the footer section.
All Promotions are Available
The other 2 prominent payment methods from the Paysafe Group suffer from a major issue. Many iGaming operators exclude Skrill and Neteller from the promotions. Why? We don’t know the exact answer. But it’s a fact. The term is usually buried in the main T&C page of the casino website.
But when it comes to Paysafecard betting, you get all the promotions at your disposal. At least in our experience, we haven’t seen any operators excluding Paysafecard from the promotions library.
Paysafecard in Betting
From what you’ve read so far, it should be clear as a day that Paysafecard is a great method for betting.
In fact, it’s one of the best methods in our opinion because you get to fund your casino and sportsbook account without risking any of your personal information.
Also, pretty much all betting sites in Canada are Paysafecard betting sites. Buying the vouches is also extremely easy. So, availability is not really an issue. All of these characteristics of Paysafecard betting sites make them the perfect companion for Canadian bettors.
How to Deposit and Withdraw Using Paysafecard?
Deposits are great with Paysafecard. If you’ve used any other prepaid method in the past, like Neosurf, you already know how the system works.
However, withdrawal is a major drawback of Paysafecard betting sites. Due to how the payment method has been designed and how it operates, there’s no way you can withdraw money from your betting site account.
Drawbacks aside, let’s take a look at the generalized steps of depositing into a Paysafecard betting site. It’s generalized because the exact steps may vary slightly from operator to operator.
- Choose A Paysafecard Betting Site First. You may use our list of the best betting sites in Canada to effortlessly pick one.
- Log In. If you don’t have an account yet, it might be time to register. Also, don’t forget to verify your account.
- Navigate To The Banking Page. Some operators design dedicated deposit pages. Whatever the case is for your selected site, choose Paysafecard from the list.
- Enter The Amount You’re Looking Forward To Depositing. Click “Next” or “Pay” or “Deposit”. You get the idea, right?
- Now, you’ll land on the Paysafecard authentication portal where you have to enter the 16-digit code printed on the voucher. Make sure you input the numbers correctly.
- If everything goes right, the money should show up in your Paysafecard betting account immediately.
How Secure is it to Use Paysafecard in Betting?
It is as safe as it gets. There’s no other fancy way to describe how secure Paysafecard is. We know it’s sometimes hard to determine. It’s because the thought of an extremely secure prepaid payment method very rarely crosses our minds.
If you want to check out the security of Paysafecard, your best bet would be the website. There’s a separate section for security. It’s a very informative page with safe internet practices guidelines. As long as you stick to them, there’s no way your Paysafecard betting payment will be intercepted.
If you’re worried about the security of the actual Paysafecard betting site, you should evaluate the site’s performance and security features before you sign up. If you don’t want to go through the trouble, simply pick a brand from our recommended list.
How to Get Started with Paysafecard in Canada?
As Paysafecard is not really a traditional online payment method in Canada, the onboarding process is a little different. There are no sites where you can sign up or no banks where you can open an account.
Rather, you need to find physical or online retailers who sell Paysafe vouchers. You can buy them at different prices from different combinations. For example, if you plan to bet small, you can buy cheap vouchers. If you’re a high roller, you’ll have to purchase multiple vouchers at once.
Interestingly, if you think managing multiple vouchers is a hassle for you, you can take help from MyPaysafecard, the app designed to hold the vouchers for you. In the app, you can upload all of your vouchers and pay directly from the app instead of entering the codes every time.
Paysafecard betting sites have no fees. That’s one of the biggest benefits of using this prepaid method at online betting sites. However, it doesn’t mean you get to use the vouchers for no added cost.
For example, when you buy vouchers from an online or offline vendor, you have to pay a product fee on top of the price of the voucher. Also, if you don’t use up the balance of a voucher within 18 months, there will be a monthly fee deducted from the vouchers directly.
Alternatives to Paysafecard
Paysafecard betting sites are awesome, there’s no denying that. But you may not have access to the vouchers immediately. Or, you may not trust the method for real money transactions (that shouldn’t be the case though).
Whatever the reason is for you to not use Paysafecard, we’ve got you covered. Below are the best Paysafecard alternatives in Canada.
If you live in Canada and you’re over 18, there’s no way you haven’t heard of Interac. It’s Canada’s very own interbank network for online payments. There are two products offered by Interac. Interac Online and Interac e-Transfer.
Interac Online is a regular e-wallet where you can top up the account and pay Paysafecard betting sites. Interac e-Transfer, on the other hand, is a bank transfer method that you can use to bridge the gap between your bank account and your gambling account.
If you’re not using Interac, you might be using your other credit or debits cards at Paysafecard betting sites. All major names like Visa, Mastercard, and American Express are present in the country.
In fact, credit cards and debit cards are the most commonly offered payment method at online gambling sites. It’s not just true for Canada but for the entire world as well.
When it comes to e-wallets in Canada, Skrill and Neteller come to the top of our minds. PayPal is also a very reliable and widely accepted payment method in the country. You already know that Skrill and Neteller are owned by the Paysafe Group so you shouldn’t be worried about the security at all.
FAQs: Paysafecard Betting Sites
They’re absolutely safe. The list we’ve provided is a result of intense research and scrutiny by our experts. Only when we’re satisfied with the security and reliability of the sites, we’ve recommended them to you.
Unfortunately, you can’t use any online payment method for topping up your Paysafecard vouchers. Your only option is to purchase more vouchers and maybe add them to the My Paysafecard app for future use.
Paysafecard betting sites may impose verification requirements on your accounts. It’s standard KYC requirements for any betting sites that operate legally. If you’re asking about verifications regarding the use of Paysafecard, there are none.
There are no fees at Paysafecard betting sites. The deposits are completely free. You’ll see the money transfer over to your real money account in no time. However, purchasing Paysafecard vouchers incur a markup on the final price. Also, you start paying idle fees after 18 months.
If you enter the 16-digit PIN correctly, the payment should go through. In case it’s declined, try again. If it doesn’t work, contact the Paysafecard support team and provide them with your PIN for further assistance.
Just like all other deposit payment methods, Paysafecard betting site deposits are instant.
As of now, it’s not possible to withdraw funds using Paysafecard. If it does become available down the line, we’ll let you know immediately.
Tips for Paysafecard Betting
Free tips never hurt anybody, did they? So, why don’t we share a few tips for your Paysafecard betting in Canada before we part ways?
Take Things Slow
Similar to relationships, you should take Paysafecard betting payments slow. If life has taught us anything, it’s that we should always be steady. Rushing may very well result in incorrect input of the PIN or incorrect value for your deposit. It’s better to be careful than to regret the mistake later.
Inquire the Fees
Any fees you may have to pay down the line, you should be aware of them beforehand. You can easily find the markup on the vouchers when you purchase them. The idle fee is also fixed once the threshold goes over 18 months.
The only remaining piece of the puzzle is the Paysafecard betting site fees. You should find the information on the T&C page or on the payment page. If you’re still not sure, go ahead and ask customer support.
Ensure Paysafecard is Available
It’s a valid predicament, although it sounds impossible. There have been instances where players thought they can deposit using Paysafecard, but they couldn’t. We certainly don’t want that to happen to you.
So, before you go out and buy all the vouchers you can, try looking up the websites. The best way to approach this is by sticking to our list.
Pay Attention to the Limits
There are limits to how much you can deposit at once at all Paysafecard betting sites. Also, there is a limit to how big of a voucher you can buy. In Canada, the vouchers go up to C$250 apiece. It’s best if you visit the casino or sportsbook website first and read the T&C to learn about the deposit limits.
Summary: PSC Betting
Paysafecard betting sites have been a trusted source of entertainment for Canadian gamblers for years now. We’ve only tried to revamp the trend and more value to your betting experiences. If you’ve never used a Paysfaecard betting site before, now you know exactly how everything works.
All there is left for you to do is pick an operator from our Paysafecard betting sites list and deposit.