Canada's Best Paysafecard Casinos

What is Paysafecard?

Paysafecard is a prepaid card service and a popular payment method at online casinos. Headquartered in Vienna, Paysafecard was founded in 2000 by four friends: Michael Müller, Reinhard Eilmsteiner, Michael Altrichter, and Armin Sageder. In 2014, Udo Muller took over from Sageder as the company’s CEO. 

At the time of writing, Paysafecard employs over 3,400 people across more than ten global offices. Originally only available in Austria and Germany, Paysafecard is now one of the most popular online payment methods worldwide. It is owned and operated by the multinational financial services company, Paysafe Group.

Paysafecard Timeline

2000 – Paysafecard is founded by four friends in Vienna.

2001 – Paysafecard launches in Austria and Germany.

2002 – Paysafecard transforms from a card into an over-the-counter voucher.

2005 – Paysafecard receives EU funding to support international expansion.

2006 – European expansion starts, which launches in Greece, Spain, the UK, and other countries.

2007 – Paysafecard reaches ten million transactions in a single year.

2008 – Paysafecard receives an e-money licence from the UK’s Financial Conduct Authority. The payment method launches in more EU countries including France, the Netherlands, and Portugal.

2009 – Paysafecard receives a licence to issue Mastercard products.

2010 – Paysafecard launches in the USA and Mexico.

2011 – Paysafecard launches a mobile app.

2013 – My Paysafecard launched, offering users a personal account. The company is acquired by the e-wallet service, Skrill.

2014 – Paysafecard launches a prepaid Mastercard. My Plus service is rolled out, offering customers a loyalty program. Udo Muller becomes CEO.

2016 – Paysafecard Direct is launched, allowing any customer with a My Paysafecard account to top up at a sales outlet using their smartphone.

2018 – Paysafecard cements its strong relationship with the e-sports market by becoming a main sponsor of the Electronic Sports League (ESL). Paysafecard is included in both the Great Places to Work and Austrian Leading Companies lists. Paysafecash launches in several EU markets, allowing customers to pay any amount as opposed to predetermined values. Paysafecard becomes available in the Google Play Store.

How to Create a Paysafecard Account

Unlike most payment methods, you don’t need to create an account with Paysafecard in order to make a casino deposit, since users are able to purchase physical Paysafecard vouchers in-store. These vouchers are each given a unique PIN code, which is then used to authorize Paysafecard payments online. 

However, creating a Paysafecard account allows users to deposit money online using the same voucher codes. This will also open up the option to use further My Paysafecard services such as the prepaid Mastercard. To sign up, follow these simple steps:

1. Visit the Paysafecard website and select ‘Register for the First Time’
2. Enter your email address and create a username and password
3. Go to your email and open the confirmation request, select Confirm E-Mail
4. Enter your name, date of birth, and address
5. Enter your mobile phone number and then enter the six-digit code sent via SMS
6. You’re ready to go! Just enter a voucher code to top up your Paysafecard account

How to Deposit Money into a Paysafecard Account

If you want to deposit money into your Paysafecard account, this is how to do it:

1. Purchase a Paysafecard voucher from any outlet that sells them
2. Cards are available in four denominations: $10, $25, $50, and $100
3. Check the 16-digit code on your voucher
4. Sign in to your Paysafecard account
5. Enter your 16-digit code on the Paysafecard website
6. You’re good to go!

How to Withdraw Money from a Paysafecard Account

Paysafecard is still a method used predominantly for deposits. That being said, as the company evolves, so too do their services. As a result, you can now make withdrawals using Paysafecard at some online casinos ‒ here’s how:

1. Select Paysafecard as your withdrawal method from your casino’s cashier page
2. Enter your email address
3. The money will be placed in your Paysafecard account
4. You can spend this money directly from your account
5. Alternatively, you can order a Paysafecard Mastercard
6. With this Mastercard, you can withdraw from your Paysafecard account via an ATM as  you would from your bank account

Why Use Paysafecard?

Paysafecard is as close as it’s possible to get to paying with cash at an online casino. Whether you pay via your Paysafecard account or using a voucher directly at your chosen casino site, it’s an easy process. You won’t have to share any personal or banking details with the online casino, and once you’ve entered in your voucher code, the deposit is made. 

Where withdrawals are possible, the process is equally safe and simple. Just enter the email adress linked to your Paysafecard account, and the money will be sent to you. This simplicity is a big selling point for Paysafecard.

Another benefit of using Paysafecard is being able to enjoy the innovative nature of the company. Having gone from simply selling physical vouchers, Paysafecard customers can now have their own online accounts, and make use of a prepaid Mastercard and smartphone payments. It’s clear that Paysafecard intends to keep evolving, making the payment process safer, smoother, and easier for players. Any issues that are currently present, like limited withdrawal options from casinos, are already improving. 

Benefits of Paysafecard

• No need to share banking information with online casinos
• Quick and simple payment method
• Good money management capabilities
• Constantly evolving company adding more perks all the time

Disadvantages of Paysafecard 

• Only a deposit method at most online casinos
• Players can currently only deposit in preset denominations

Key Features 

Paysafecard is, above all else, a simple and secure depositing option. The ability to buy a voucher in cash and deposit directly into your casino account using the voucher code adds a reassuring level of safety to online casino deposits. With casino withdrawals and even the ability to take money out at an ATM now possible, the features of this payment method look set to only increase. 

Alternatives to Paysafecard

There are no direct alternatives to Paysafecard as this is the only big prepaid card option at online casinos. However, players who want to protect their banking information do have other methods. 

The most popular banking options for this are e-wallets. Neteller, Skrill and ecoPayz dominate this space at Canadian online casinos thanks to quick deposits, excellent security, and lightning-fast withdrawals. In recent years, the use of cryptocurrencies at online casinos has also increased, and more sites are now accepting Bitcoin, Litecoin, and others. This is something we expect to see more of in the future.

How to Stay Safe at a Paysafecard Casino

With Paysafecard deposits, you’re never sharing any sensitive bank details, which is an added layer of security. However, it’s still vital to ensure you are keeping yourself safe and secure when playing at an online casino site. Here are some of the most important factors to keep in mind. 

• Only Play at Licensed Casinos

We only ever recommend licensed online casinos, and we do so for good reason. Licences are issued by industry regulators like the UK Gambling Commission (UKGC) or the Malta Gaming Authority, and ensure a degree of player protection when gambling online. If you’re not sure about the licensing status of a casino site, simply scroll down to the bottom of the casino’s homepage, where details of its licence will be presented 

• Keep your Password Secure

This involves far more than keeping your password locked in a safe ‒ in fact, that’s probably safer! Make sure you use passwords that aren’t easy to work out, avoiding birthdays, names of family members, and obvious places. Use upper and lower case letters, numbers, and symbols, and avoid using the same password for multiple accounts 

• Look Out for Phishing Emails

If you ever receive an email from an online casino ‒ or indeed from anyone else ‒ asking you to reveal sensitive account information, ignore it. Try and avoid opening it if you can, and never answer it. If the email is asking for personal or banking information, it’s likely to be a phishing attempt ‒ a term given to the practice of sending fraudulent emails in the attmept of extorting information to exploit. If you’re unsure about the legitimacy of an email, contact the casino directly and ask.

What Type of Casino Games Can You Play with a Paysafecard Deposit?

Here’s a quick run-through of the games you can expect to find at the best online casinos for Paysafecard in Canada.

Slots

Spin the reels and line up symbols on a payline to win cash prizes or trigger features. Slots range from simple three-reel offerings to multi-payline video slots with free spins, bonus rounds, and more. 

Blackjack

Take on the dealer one-on-one in this classic casino game. Players of blackjack aim to get closer to 21 than the dealer, but will go bust if they exceed this number.

Roulette

Wager where the ball will land on the roulette wheel. Bet on specific numbers or a series of possible outcomes. Guess right and win cash prizes.

Poker

Random number generated (RNG), live casino, and video poker are all avaialable at online casinos. No matter th variant, the aim is always the same: get the best possible poker hand to win the pot.

Baccarat 

It’s a heads up game with the dealer: whoever’s hand is closest to 9 wins. But there’s a twist ‒ you can bet on the player’s hand or the dealer’s!

Paysafecard Casino Bonuses 

Unlike e-wallets, which are often exempt, Paysafecard is eligible for most bonuses at online casinos. The most common bonuses are matched deposits; for example, a 100% bonus match up to a $100 maximum amount, or a free spins promotions where you’ll receive a set number of spins on selected slots. There are many other casino promotions available too, but remember to always check the associated terms and conditions.