If you're a fan of Paysafecard and looking for a selection of Paysafecard casinos, then we've got all the info you need! Replacing Ukash since its acquisition by the Skrill group, Paysafecard has become an increasingly popular pre-paid card payment option at Canadian online casinos.

In this article, we'll explore why using a Paysafecard is a great choice for managing your bankroll, ensuring security and anonymity, enjoying preferred payment bonuses, and making mobile payments. We'll also cover how to purchase a Paysafecard, the fees associated with it, and how to deposit funds onto an online casino using Paysafecard.

Why Use a Paysafecard?

  1. Managing Your Bankroll: One of the many advantages of playing at a Paysafecard casino is the control that it gives you over your spending. Being a pre-paid card, funds need to be loaded onto it before they can then be transferred to your online casino account. Many players appreciate the fact that they can then monitor more closely the sums they are playing with online, which in turn improves their bankroll management.
  2. Security and Anonymity: By using a pre-paid card, you're guaranteed total anonymity with regards to your depositing at an online casino, as the only details you're entering is the 16-digit code of the Paysafecard voucher that you bought before. None of your financial transactions will appear on your credit card or bank statements. Similarly, none of your financial details will be stored on the casino's database.
  3. Preferred Payment Bonus: Similar to depositing with an e-wallet like iDebit, some casinos also offer a preferred payment bonus for players depositing with Paysafecard, giving players a match bonus (often up to 10%) on deposits made using it.
  4. Mobile Payments: Paysafecard is particularly effective when it comes to depositing on a mobile casino, recently winning best mobile payment solution provider at the prestigious EGR Industry awards.
  5. Other Online Transactions: Funds can also be used from your card for other types of online transactions, whether purchasing goods or services. In 2014 more than 86 million transactions took place worldwide.

How to Purchase a Paysafecard?

You can buy cards online in a variety of denominations, and there's the added benefit that they can also be used for a wide variety of online shopping and purchases worldwide.

Fees Associated with Paysafecard

Transaction Type Fees
Refund fee 7.5 Euros
Maintenance Fee CAD $2.5 per month (after 18 months)
Transaction Fee Charged by pre-defined retailers
Foreign Currency Conversion Fee applied to transaction amount

How to Deposit Funds onto an Online Casino using Paysafecard?

  1. Go to 'Banking'
  2. Select 'Deposit'
  3. Choose and enter the deposit amount
  4. Click 'Next'
  5. When prompted, choose paysafecard as your deposit method
  6. Enter your paysafecard 16-digit PIN (If you are using more than one card, enter the 16-digit PIN of each in turn)
  7. Click 'Done' when you have completed this step

Withdrawing Funds using Paysafecard

The one drawback to Paysafe as a casino depositing method is that withdrawals cannot be made back to your card. If you do use Paysafecard, it's generally the case that you will receive your funds via a bank check/transfer, which is one of the slowest methods available and so this needs to be factored into your decision.

Paysafecard Corporate Background

Paysafecard is operated by the Paysafe Group PLC formally known as Optimal Payment PLC. Based in the Isle of Man it is registered by the Financial Services Authority (FSA) and is listed on the FTSE 250 Index. Paysafe Group was originally formed via a merger of Neteller PLC, Netbank and Optimal Payments, with Neteller and Skrill also being provided by this holdings group.

Bottom Line on Paysafecard

Paysafecard (previously Ukash) is a relatively straightforward and secure means of funding your online casino account. We especially recommend it for Canadians new to online gaming who may want to keep closer tabs on their bankroll (other players not concerned by bankroll management or anonymity may prefer using a VISA Casino). You can buy cards online in a variety of denominations, and there's the added benefit that they can also be used for a wide variety of online shopping and purchases worldwide.

About the Author

Chief editor and creator, Tom drives the direction of CanadianCasinos.ca with the goal to provide the best and most honest resource for online gambling enthusiasts in Canada