Deposit at an online casino with Paysafecard in Canada

What is Paysafecard?

Paysafecard in Canada is dominating the prepaid card segment in the payment industry. Paysafecard prepaid cards have been around since 2000. The company behind Paysafecard is Paysafe Group. This is the same company that owns two other well-known payment methods for the online casino industry; Skrill and Neteller. The Paysafecard prepaid card can be purchased both online and offline. When purchasing offline with cash over the counter, you can enjoy full privacy of your financial details when using the prepaid card to deposit money into online casinos. The way it works is that you purchase Paysafecard prepaid cards totalling the amount you wish to deposit in an online casino. Let’s say you want to deposit $300. Then you purchase $300 worth of Paysafecard. On the prepaid cards, there is a unique PIN code that you use when depositing. Besides Paysafe’s website, you can purchase Paysafecard in thousands of locations across Canada. Any local Canada Post office should have it in stock.

The advantages of using Paysafecard in Canada

Many online casinos accept Paysafecard in Canada, so the availability of this payment method is a strong advantage. Add to that; you can purchase PaysafeCard offline in most gas stations, pharmacies and every Canada Post office. If you are concerned about your privacy, purchasing Paysafecard offline with physical cash is the best way to go about depositing money. When depositing, you will use the unique prepaid cards to issue the transaction. So, there is no trace of your credit or debit card since you used physical cash when purchasing over the counter. Lastly, there are no transaction fees charged by either Paysafecard in Canada or the online casino operator.

Disadvantages of using Paysafecard

In most online casinos in Canada, you won’t be able to withdraw using Paysafecard. If you get lucky and win money, the chances are that you won’t be able to use Paysafecard, and you would have to go with another payment method. So, at the end of the day, you're avoiding entering any financial details when depositing because you had privacy concerns, were for nothing. That is the major disadvantage of using Paysafecard; it is a one-way transaction. The cap of depositing with Paysafecard is quite low. Each prepaid card has a cap of $100, and you can only stack three cards for a maximum value of $250.

Online casinos in Canada that accepts Paysafecard

How to deposit to an online casino using Paysafecard

There are two ways of buying prepaid Paysafecard. Either by going directly to their website, create an account and purchase Paysafecard using your Visa or other payment methods. Or you can visit an outlet around your city; the Canada Post office is an official reseller. Pharmacies, supermarkets and gas stations often stock Paysafecard as well. When purchasing Paysafecard offline, you can use your credit/debit card or physical cash. Regardless if you purchase Paysafecard online or offline, you will receive the unique PIN code needed to deposit money in online casinos. Once you have the card:

1. Go to your online casino and log in

2. Go to the payment method section and choose Paysafecard

3. Enter the amount you wish to deposit

4. Enter the unique Paysafecard pin/s

5. Confirm the transaction

6. The money will arrive in your online casino account instantly

Fees and withdrawal times when using Paysafecard

As we already mentioned, Paysafecard is more of a one-way transaction. There are almost no online casinos in Canada that process withdrawals using Paysafecard. If you do come across an online casino that accepts Paysafecard withdrawals, then you will need to register for a Paysafecard account. Withdrawal times for Paysafecard are 1-4 banking days. A good thing with Paysafecard in Canada is that there are no transaction fees. It is worth highlighting that Paysafecard charges a maintenance fee if you don’t use your prepaid cards. Let’s say you purchase $250 worth of Paysafecard in June. That same month you use $200 of the balance to deposit into an online casino. That leaves you with $50 worth of Paysafecard left inside the prepaid card. Thirty days after the initial purchase, Paysafecard will charge you a $2 maintenance fee. This is a recurring monthly fee that will be deducted from the $50 balance. So, it is better to deposit the whole balance as soon as possible instead of paying fees.

How does Lucky7Bonus choose the best online casinos that accept Interac in Canada?

The Lucky7Bonus team is made up of both gaming enthusiasts and online casino industry veterans. We know online casinos from both the player perspective and the operational perspective. We strive to have an unbiased approach when reviewing and evaluating online casinos. The editorial team will scrutinize the texts written by our reviewers. Besides our own personal experience of playing in all the different online casinos, we also back all our information up with data and research. The goal is to produce honest and independent casino reviews that give a fair presentation of the reality of different online casino sites.

Conclusion Paysafecard in Canada

Hopefully, you already came to the same conclusion as us. Paysafecard in Canada is one of the best modes of depositing money into your casino account if you are depositing smaller sums. If you are eyeing larger bonuses like JackpotCity’s $1,600 welcome offer, then you are better off using another depositing method. You cannot stack more than three PaysafeCard, and the maximum combined amount you can deposit is $250. For depositing, Paysafecard is great if you have privacy concerns. When purchasing your PaysafeCard offline over the counter using physical cards, you will never compromise your privacy and financial details. However, when it comes to withdrawing money, Paysafecard is rarely an option.

FAQ Paysafecard in Canada

Is my private data secure when using Paysafecard in online casinos?

As a matter of fact, if you purchase Paysafecard offline using physical money, you will never have to enter any financial details as part of the transaction. This payment method is the best if you have privacy concerns.

Is it safe to use Paysafecard in online casinos?

Yes, Paysafecard is practically risk-free. Especially if you bought your Paysafecard offline using physical cash.

Do I have to pay any fees using Interac in Canada?

No, there are no transaction fees when you use Paysafecard in Canada at online casinos. If you don’t use it, your   Paysafe Group will charge you a $2 monthly fee deducted from your Paysafecard balance.

Is Paysafecard available in all online casinos in Canada?

Most online casinos accept Paysafecard deposits. However, it is very uncommon that online casinos accept Paysafecard withdrawals.