There are many different prepaid options to choose from when you want to make deposits at online casinos, but none are more popular or easy to find than PaysafeCard. This card is in reality a voucher, and you can buy them at local stores and even online in some countries. A prepaid option is the only way for players in most countries to deposit using cash since you can use cash to buy a PaysafeCard if you go to a physical merchant to buy the voucher. However, in some countries, you’ll need to register your voucher online to be able to use it, and this is why it’s not a completely anonymous payment option even though it’s as close to one as you can get.
As we mentioned, in some countries, you’ll need to register your voucher online to be able to use it, and if this is the case for you, you’ll simply have to go to mypaysafecard.com and register your account and your voucher number. The vouchers can be bought in denominations of €10, €25, €50 and €100. If you don’t have to register with Paysafe to use your prepaid voucher, you can simply enter the code on the voucher directly on the deposit page at the casino. It doesn’t matter if you have an account or not, you can start by choosing the Paysafe logo on the deposit page.
The pop-up you’ll get to complete your deposit will prompt you either to log into your MyPaysafeCard account or to enter the 16-digit voucher code. The deposit will, in most cases, be made instantly, but there can sometimes be a delay of up to 20 minutes before the funds are credited to your account.
Just as there are two different systems for depositing, the same goes for PaysafeCard withdrawals. If you have a Paysafe account, you can choose to have your winnings sent back to this account, but if you just used the voucher directly at the casino, you’ll have to withdraw to an alternative payment option. At most casinos, you’ll be able to withdraw using a bank transfer, which will send the money straight to your bank account. But you might also have the option to withdraw to either Skrill or Neteller, two e-wallets that are also owned by Paysafe. To be able to withdraw to an e-wallet, you’ll first need to register a wallet and then make a deposit to map the payment method to your casino account before you can request a cashout.
Since PaysafeCard is a prepaid option that isn’t always connected to any account or anything like that — it can be purchased locally — you normally won’t have to verify the payment method in any way. However, there have been cases where casinos have asked for some kind of verification, but the only way to verify would be to keep the purchase receipt for the voucher. Keeping the receipt until you’ve deposited and withdrawn can therefore be a wise decision, even though the chances of you needing it are slim.
If you can’t withdraw to your Paysafe account, you’ll have to withdraw to a bank account, and you’ll need to verify the ownership of this account. Have a look at our article about bank transfers to find out how to verify your bank account.
The limits for Paysafe deposits at casinos are usually a minimum of €10 to a maximum €200 per transaction, but as always, casinos can choose to set other limits as well. Since the vouchers aren’t sold in very large denominations, the chances of you exceeding the limit aren’t very high. The only case where this might be possible is if you have a high balance in your Paysafe account.
In terms of fees for the PaysafeCard payment method, this is something casinos go about very differently. This is one of the most common deposit methods casinos charge a fee for, and the fee can be anywhere between 1% and 5%. Five percent is very high, and if this is what your casino is charging you, it would be better to find an alternative deposit method to use or simply pick another casino. Many casinos offer fee free deposits no matter what payment method you use, which means you won’t incur any fees for using PaysafeCard either.
At most casinos, you won’t have any problem claiming a bonus with a PaysafeCard deposit. It’s not as common for casinos to exclude this payment method from triggering a bonus, but there are exceptions. Usually it’s only deposits made with Skrill or Neteller that are excluded, if any methods are affected at all. However, some online casinos also group all prepaid options as excluded methods. If the other prepaid options are excluded, obviously, Paysafe will be as well. Some also only exclude Paysafe from activating the welcome offer for players from some specific countries. Reading the bonus terms is therefore always recommended.
As for specific bonus offers for depositing with this method, it’s quite unlikely that you’ll find any. Since PaysafeCard is quite an expensive deposit method for casinos, the fees are high, and they don’t usually try to promote this option more than they have to. So, getting extra free spins or an extra bonus of any sort for choosing this payment method is almost unheard of.