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About Paysafecard

Founded in Austria back in 2000, paysafecard is a handy prepaid online payment method based on vouchers featuring a 16-digit PIN code.

Customers can purchase the vouchers at local sales outlets and are able to fund their online betting by entering the code in the deposit section of their chosen bookmaker’s site.

paysafecard is currently available in over 40 countries including Canada and is hugely popular with people who play games or place bets online at sites like Royal Panda and Intertops.

You can buy a paysafecard PIN at more than 650,000 sales outlets worldwide in different financial increments and use the 16-digit PIN to make a purchase.

Sign-up for a free ‘my paysafecard’ account for to keep a record of all your purchases which will help you keep track of all your spending via this method.

Users of paysafecard can also download a mobile app which allows you to find your nearest sales outlet, check your balance or top up with PINs.

paysafecard is ideal for punters who do not possess a credit or debit card or who would rather not submit their personal financial details online.

Most leading bookmakers now accept paysafecard, making it an excellent payment option for punters in Canada.

Advantages and Disadvantages of using paysafecard

Pros

  • For punters who wish to keep their personal and financial information away from their bookmaker, paysafecard is a great alternative payment option.
  • It is also a great way to keep in control of your spending as it only allows you to deposit funds that you have been able to successfully purchase.
  • For punters who want to stick within a set weekly or monthly limit for their betting, paysafecard provides the perfect answer.
  • paysafecard’s pre-paid nature is much more secure than using a card or e-Wallet on a betting site as the process gives you anonymity.
  • There is also no verification process needed with paysafecard – simply enter the PIN number and if this is correct you will be able to use your funds immediately.
  • Convenience is another major plus for paysafecard, with punters able to purchase it at supermarkets, petrol stations and numerous other retail outlets.

Cons

  • Some bookmakers have a low limit on what you can deposit and withdraw via paysafecard, although it is unlikely that high-rollers will use this method to fund their account.

How to deposit funds using paysafecard

Before deciding whether paysafecard is the right choice for you, read the reviews at BettingTop10 to make sure your chosen bookmaker allows you to make payments via this method.

You will need to purchase a paysafecard PIN before proceeding to the ‘Cashier’ or ‘My Account’ section on the site.

Search the list for paysafecard, click ‘Deposit’ and you will be given the option to enter the 16-digit code. Carefully type this in, check the details, click ‘Confirm’ and your funds will instantly be credited to your account.

It is worth bearing in mind that your PIN is valid for up to 12 months and is shown as a ‘use by’ date on the voucher.

Once you have passed this date a small fee will be deducted from the voucher balance for each month you go over the limit.

However, most punters use paysafecard as an immediate way to fund their betting accounts and rarely fall foul of this rule.

How to withdraw funds using paysafecard

Some bookmakers don’t offer the option to withdraw via paysafecard, so check with your bookmaker’s customer service team to find out about alternative methods.

However, many operators now utilise the company’s payout service to send money back to punters via paysafecard.

Visit the ‘Cashier’ or ‘My Account’ section on your bookie’s site and search for the paysafecard withdrawal option.

Click the relevant button, enter the amount you wish to withdraw along with your registered email address.

When the operator completes the withdrawal, the funds are instantly credited back to the balance of your paysafecard account.

You can then use the balance to make other online payments or withdraw the funds at a cash machine using paysafecard Mastercard.

There are generally no fees for using paysafecard, although it is always advisable to check the terms and conditions on the betting site before proceeding.

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