Paysafecard Sports Betting Sites

Looking for a safe and convenient way to place bets without sharing sensitive information? The solution lies with Paysafecard. This prepaid payment provider has become one of the top choices among passionate bettors across the globe, including Canadians. Paysafecard offers instant and secure transactions, allowing players to boost their bankrolls in a few simple steps.

We have previously discussed this as a banking option for online casinos and it is no surprise that it is also a viable option for sports betting sites.

Recommended Paysafecard Sports Betting Sites

Before diving deeper, let’s introduce you to the best Canadian sports betting sites that accept Paysafecard payments. Our expert team has reviewed dozens of online bookmakers and examined their security, betting offers, bonuses, payments, and customer support.

Listed below is a list of recommended sports betting sites that allow for Paysafecard.

What Is Paysafecard?

Paysafecard has been a front-runner in the prepaid industry in Europe since its inception in 2000. Users can purchase a fixed value voucher at thousands of retail stores and use the funds for online transactions, including sports betting.

Paysafecard was founded in Vienna, Austria, by a group of entrepreneurs. Today, the company operates in 50 countries worldwide, including Norway, Sweden, Canada, the US, the UK, Germany, Australia, and New Zealand. As of 2013, Paysafecard became part of Skrill, another popular payment provider, both of which were later purchased by Optimal Payments.

The company is regulated by the UK FCA (Financial Conduct Authority) and has a partnership with the global financial giant Mastercard.

How to Get Started With Paysafecard

Getting started with Paysafecard is a walk in the park. First, you need to purchase the voucher. To find the nearest retailer, use the Paysafe site or app. As this payment option doesn’t require your personal or financial information, the only thing you’ll have to remember to complete the transactions is the 16-digit PIN code.

Alternatively, you can order a Paysafecard by mail and use it as soon as it reaches your address. We should point out that Paysafecard has fixed prices — you get the amount you pay for.

How to Make a Paysafecard Deposit

As you can see, using Paysafecard is a piece of cake. Now that you know how to obtain a card let’s see how Paysafecard deposits on sports betting sites work.

Choose a bookmaker — Look at the list on this page, explore top-rated bookies, and pick the one you like the most.

Set up an account — Fill out the registration form with the necessary information (name, address, email, date of birth, phone number). Create a username and a password.

Load the Cashier — Pick the option to deposit and select Paysafecard as the preferred payment option.

Specify the deposit amount — Choose how much you want to transfer to your sports betting account. Remember, Paysafecard vouchers have fixed values ($10, $25, $50, etc.). Respect the bookmaker’s deposit limits, especially if you want to collect the welcome bonus.

Confirm the transaction — Insert the 16-digit PIN and complete the payment. The money should appear on your balance within moments.

The above is an example of depositing with Paysafecard at Mr Green.

Can You Use Paysafecard for Withdrawals?

Until recently, Paysafecard operated as a one-way payment provider for sports betting. As of now, there are several online bookmakers supporting Paysafecard withdrawals. However, the process is slightly more complex, and many bettors opt for another banking method to cash out their winnings.

Nevertheless, if you don’t want to share your bank account or credit card information, you’ll need a My Paysafecard account. After setting it up, you’ll be able to withdraw the funds from the bookie and send it to your Paysafecard balance. From there, you could use the funds for other online transactions or get a Paysafe Mastercard and cash out the money at the nearest ATM.

Keep in mind that not all online bookmakers support this option. You might still need to rely on a different banking method to withdraw the winnings. On top of that, ATM withdrawals might come with additional fees.

Paysafecard Fees and Limits

As mentioned, Paysafecard doesn’t charge fees for any transactions. However, account holders are subject to a monthly $2.50 charge after using this payment provider for 19 months. Users with a Paysafe Mastercard may have to pay additional fees for ATM withdrawals.

Pros and Cons of Using Paysafecard on Sports Betting Sites

Paysafecard is a go-to option for many Canadian bettors, and for a good reason. However, this payment provider also has several limitations, which we’ll discuss below.

Pros

• Availability — Paysafecard is among the most popular payment methods in sports betting, and you’ll rarely find an online bookie that doesn’t accept it.
• Security — Paysafecard doesn’t require you to disclose bank account details or credit card information, making it one of the safest banking options on the iGaming scene.
• Speed — The provider instantly processes all transactions, meaning you’ll be able to start betting shortly after completing the payment.
• Ease of use — Using Paysafecard on sports betting sites is simple. After getting a card, you’ll only need to input the desired amount and PIN code to complete the transaction.
• No fees — Paysafecard doesn’t charge fees for your transactions. However, the company will start deducting $2.50 per month from your account after a certain period of time.

Cons

• Limited withdrawals — Not many online bookmakers support Paysafecard withdrawals. So, while you may be able to deposit using the prepaid card, you’ll have to choose a different payment option to cash out the winnings.
• Fixed deposit amounts — Since Paysafecard is a prepaid banking option, it comes with a fixed value ($10, $25, $50, etc.).

Final Thoughts

Considering everything we’ve discussed, we can say that Paysafecard is one of the best solutions on the market. It doesn’t require users to disclose personal or financial information to third parties, creating a safe environment for Canadian bettors. On top of that, all transactions are instant and fee-free, making Paysafecard a common choice on sports betting sites.

If you’re ready to kick off your betting adventure, check out the list above, take your pick, and enjoy.

FAQ

Is Paysafecard available in Canada?

Paysafecard has a global reach and caters to many countries, including Canada. Canucks can purchase their Paysafecard in a retail store and use it for various transactions, including online sports betting.

Is Paysafecard safe to use for sports betting?

Yes, it is. Many bettors prefer this payment option because it doesn’t require sensitive information like bank account numbers or credit card details. Users only need to protect their PIN code and follow the security steps.

Are Paysafecard deposits fast?

Paysafecard deposits are instant, meaning you’ll gain immediate access to your funds after completing the transaction.

Do Paysafecard transactions have fees?

No, Paysafecard doesn’t charge fees on your deposits and withdrawals. However, the company will impose a monthly service cost of $2.50 after a certain period of time.