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paysafecard sports betting sites in Canada

How to use paysafecard on betting sites

paysafecard arrived in Canada in 2012 and is used by an estimated 15 million people worldwide. It is a prepaid online payment method based on vouchers with a 16-digit PIN code, which can be used independently of bank account, credit card, and other personal information, and also comes with e-wallet services.

Today, you can purchase 16-digit paysafecard vouchers at 650,000 sales outlets worldwide, which can be redeemed with some sportsbooks in Canada. Bettors enjoy using paysafecard for its speedy transaction times and reassuring security measures, as well as the fact that it makes it easy to self-impose spending limits on your betting activity.

Pros and cons of using paysafecard

Pros

✅ Easy to keep gambling separate: paysafecard is a fantastic option for bettors who want to keep their spending at sportsbooks distinct from other types, making it easier to track exactly how much money you’re spending on gambling.

✅ Protection by design: As your spending with paysafecard is comprised of individual vouchers, only the money on a voucher will be at risk in the event of a security issue, as opposed to all your funds in an account or on a card.

✅ Widespread availability: paysafecard is available in more than 12,500 locations throughout Canada as of 2022, including many popular sportsbooks.

✅ Built-in betting limits: With paysafecard, you can only spend the amount a voucher is worth, meaning you can’t deposit to a sportsbook again until you purchase another one. This means in effect, you can self-impose betting limits via the amount you put on your vouchers.

✅ Quick transaction speed: Deposits made using paysafecard are typically processed very quickly (sometimes immediately), so you can get betting with your newly added funds right away.

Cons

❌ No Mastercard functionality: paysafecard can be used to top up Mastercard products in certain countries, although this service is currently unavailable for customers in Canada.

❌ Low maximum deposits: Prepaid 16-digit paysafecard vouchers are limited to $400 per single transaction in Canada, meaning you can’t deposit any more than $400 at once to a sportsbook when using them.

❌ No withdrawals: It’s worth noting that paysafecard can’t be used for withdrawals, so you will require an alternative payment option in order to cash out winnings from your account.

Using paysafecard on mobile

paysafecard has a free-to-download mobile app available for iOS and Android. The app allows users to check their balance, find sales outlets, and buy prepaid codes to top up a voucher. To use the paysafecard app, you must do the following:

  1. Download the paysafecard app from your mobile device’s app store

  2. Log into your paysafecard account, or follow the instructions to create one if you do not already have one

  3. Ensure that your paysafecard account has some type of connected credit available

  4. Check that your existing voucher(s) have available balance, or buy a new one if required

  5. Get ready to use paysafecard at your chosen sportsbook(s)

Depositing to Caesars on mobile with paysafecard

When using paysafecard in Canada, it is likely you will be doing so with a 16-digit voucher. As an example, here is how to deposit to your Caesars account on mobile via a paysafecard voucher:

  1. Visit the Cashier area of the Caesars mobile app or site

  2. Select the ‘Deposit’ button

  3. Select paysafecard from the list of deposit options

  4. Enter how much you want to deposit (making sure not to exceed the value of your voucher)

  5. Enter the 16-digit code on your paysafecard voucher

  6. Wait for your funds to be transferred to your betting account

Why should you use paysafecard for betting?

If you’re a bettor who wants to keep your gambling separate from other forms of spending, paysafecard is a reliable payment method that allows you to do just that. Managing your balance is easy in your account, and any betting transactions can be tracked there.

Even better than that, paysafecard’s voucher format inherently adds an extra layer of security and makes it considerably easier to self-impose limits on your gambling spending. If you’re planning on regularly depositing small amounts at your favorite betting sites, paysafecard is definitely worth looking into.

paysafecard FAQs

How much money can I deposit with paysafecard?
Do you have to pay any fees for using paysafecard?
Can paysafecard be used to claim signup deposit bonuses?

All of the payment method guides at BET.CA are written by our in-house team, who have over 40 years’ experience in the sports betting and gaming industries. This means that we understand the wants and needs of bettors, as well as what is important to them, and can therefore help you to find the best payment method to keep your betting experience as easy and enjoyable as possible.

BET.CA staff
BET.CA staff