Deposits, Cashouts & Rates in Paysafecard Live Casinos

When it comes to funding your online casino account in Canada, there are many payment methods available. While most operate similarly, PaysafeCard offers a unique approach worth exploring. Let's dive into how this system works for Canadian players.

Depositing at Canadian Live Casinos with PaysafeCard

The core of PaysafeCard is its voucher system. You purchase these vouchers from authorized retailers across Canada or online, and then use them to make payments at places like live casinos. The key advantage? Unlike direct bank or credit card payments that expose your financial details online, PaysafeCard vouchers are like disposable debit cards; they don't share any of your personal banking information.debit cards.

Here's how the process typically works for players up here in Canada:

1. Purchase a PaysafeCard voucher with cash or card at a participating retailer in Canada or buy one online.
2. Head over to your favourite Canadian live casino.
3. Navigate to the deposit section and enter the CAD amount you wish to deposit.
4. Select PaysafeCard as your payment method and input your unique 16-digit voucher code to complete the transaction.

Any remaining balance on your PaysafeCard voucher can be saved for future use. You can even create a Paysafe account to easily manage all your active vouchers and track their balances online.

Making Live Casino Withdrawals with PaysafeCard

While a Paysafecard account isn't needed to make deposits with PaysafeCard, it is required to receive withdrawals through the same system. You will need an active account on Paysafe, at which point the system will work more like a regular e-wallet.

The process is this:

• Go to the live casino and select 'withdraw'.
• On the withdrawal screen, select PaysafeCard and enter your account details.
• Hit confirm and the funds should be transferred at the same speed as other e-wallets.

Note that if a live casino accepts PaysafeCard for making deposits, it doesn't mean that it also accepts it for withdrawals. The number of live casinos that allow PaysafeCard withdrawals is actually very small in general, so a different withdrawal method may need to be used.

PaysafeCard Fees

If you're using your PaysafeCard for live casinos, then no regular fees apply for either deposits or withdrawals. If you make use of the Paysafe Mastercard through an account, then a yearly fee will apply, as well as a standard fee for withdrawing cash at an ATM.

• Yearly fee: €9.90
• ATM withdrawal fee: 3.00% or €3.50, whichever is larger.
• Currency conversion fee: Dependent on current exchange rates.

As a note, keeping funds on a Paysafe account may also incur fees:

• From the second month: €3.00 per month
• From the thirteenth month: €5.00 per month if the card has not been used within the past twelve months.

Conclusion

If what you're looking for in a deposit method is to make smaller payments without exposing your personal details to online threats, PaysafeCard is ideal. It works best if you use it only as a deposit method due to needing to give your details to make an account for withdrawals, plus the fees incurred for maintaining a balance on that account.