How PaySafeCard Works
To use a PaySafeCard, one requires a pre-printed prepaid card or a printout that has a 16-digit PIN. This card is available in various currencies and even denominations. So when purchasing items or paying for services rendered, all a user has to do is to enter a 16-digit PIN and the amount payable is then subtracted from the balance on the PaySafeCard. A user can re-use a 16 digit PIN a number of times provided the PaySafeCard still has a positive balance. In the event that it is a bulk transaction, then, even up to 10 PaySafeCard Pins can be combined for a larger amount. If a user is willing to check the production date, the transaction history, and other details, then all they have to do is to access the official website. From here, it is possible to view these and more details.
Customers are not charged any fees for purchasing a PaySafeCard. However, there is a percentage of each and every transaction from the transaction volumes that is charged. In fact, this percentage is shared with distribution partners. They do not also charge users for checking the balance on the PIN but they have charges which are recurring depending on the timeline. For instance, after twelve months, there is a $3 administrative fee that is automatically deducted from the credit remaining.
If a user wishes for reimbursement of the specific amount of credit on their card, then personal details must be provided beforehand. It is usually in form of bank account details, photographic identification, and/or the details of the PaySafeCard from which reimbursement is being sought. The fee deducted as a result of this process varies with the country in which the card is used. Another fee that is commonly charged to users is the 2% fee when a currency other than the specific one associated with that particular PaySafeCard, is used.
PaySafeCard In Canadian Online Casinos
One of the most prominent ways that Canadian casino players make deposit payments is through the "my PaySafeCard" account. Instead of using a 16 digit PIN code to pay for a casino deposit, it is much easier by logging into a casino player account to effectively complete a deposit. The company has also ensured that there is a loyalty program which is called 'my PLUS' where the more points that a user accumulates as a result of the transactions, the more they can exchange them for benefits. These benefits are listed down in the terms and conditions section where they are further elaborated in detail.
It is essential for Canadian online casino players to know that there is a maximum limit on the amount allowed for transactions. Players using this method can only transact $1,000. In case a player is using a classic PaySafeCard, the amount is $250 as per the regulations with financial regulators. Most casinos allow their clientele to use this as a withdrawal method, however, accountless (linked with a bank account) PaySafeCards cannot be used to withdraw money.