Deposits, Cashouts & Rates in Paysafecard Live Casinos

When it comes to making and receiving payments at online casinos in South Africa, there are many different options available. While most payment methods operate in a similar fashion, PaysafeCard stands out with its unique voucher system. Below, we'll walk you through how this system works.

Making Deposits at South African Live Casinos with PaysafeCard

The core of PaysafeCard is its voucher system. You purchase these vouchers from physical or online retailers and then use them to make payments at other participating retailers, including live casinos. The major advantage is privacy: unlike direct card payments that expose your financial details online, these vouchers don't contain any personal payment information. They function like disposable temporary debit cards.

Here's how the process generally works for South African players:

1. Purchase a PaysafeCard voucher with cash or a card at a participating shop in South Africa, or buy one online through an official retailer.
2. Head over to your preferred live casino site that accepts PaysafeCard.
3. Navigate to the deposit section of the casino and select the amount you wish to deposit.
4. Choose PaysafeCard as your payment method and enter the 16-digit voucher code provided.

If you don't use the entire voucher amount in a single transaction, the remaining funds will stay on your voucher balance. You can even create a free Paysafe account online to manage all your active vouchers and keep track of their balances, making it super convenient for managing your casino funds in South Africa.

Making Live Casino Withdrawals with PaysafeCard

While a Paysafecard account isn't needed to make deposits with PaysafeCard, it is required to receive withdrawals through the same system. You will need an active account on Paysafe, at which point the system will work more like a regular e-wallet.

The process is this:

• Go to the live casino and select 'withdraw'.
• On the withdrawal screen, select PaysafeCard and enter your account details.
• Hit confirm and the funds should be transferred at the same speed as other e-wallets.

Note that if a live casino accepts PaysafeCard for making deposits, it doesn't mean that it also accepts it for withdrawals. The number of live casinos that allow PaysafeCard withdrawals is actually very small in general, so a different withdrawal method may need to be used.

PaysafeCard Fees

If you're using your PaysafeCard for live casinos, then no regular fees apply for either deposits or withdrawals. If you make use of the Paysafe Mastercard through an account, then a yearly fee will apply, as well as a standard fee for withdrawing cash at an ATM.

• Yearly fee: €9.90
• ATM withdrawal fee: 3.00% or €3.50, whichever is larger.
• Currency conversion fee: Dependent on current exchange rates.

As a note, keeping funds on a Paysafe account may also incur fees:

• From the second month: €3.00 per month
• From the thirteenth month: €5.00 per month if the card has not been used within the past twelve months.

Conclusion

If what you're looking for in a deposit method is to make smaller payments without exposing your personal details to online threats, PaysafeCard is ideal. It works best if you use it only as a deposit method due to needing to give your details to make an account for withdrawals, plus the fees incurred for maintaining a balance on that account.