Deposits, Cashouts & Rates in Paysafecard Live Casinos

When it comes to making and receiving payments at online casinos in Singapore, there are many different options. While most work in a generally similar way, some use a unique system. PaysafeCard is one of those options, and here are all the details on its distinctive method.

Making Live Casino Deposits with PaysafeCard in Singapore

The core of PaysafeCard is its voucher system. You buy these vouchers from a physical or online retailer and then use them to pay at other retailers, including live casinos in Singapore. The key advantage is that, unlike direct card payments that expose your payment details online, these vouchers don't contain any sensitive information. They function like temporary, disposable debit cards..

Here’s how the process works:

1. Purchase a PaysafeCard voucher with cash or card from a participating shop in Singapore, or buy one online.
2. Head to your preferred live casino website..
3. Select the ‘Deposit’ option and enter the amount you wish to deposit.
4. Choose PaysafeCard as your payment method and enter your voucher code for the transaction.

Any unspent funds from the voucher remain on your balance. You can create a Paysafe account to keep track of all your active vouchers and their remaining balances, making it easy to manage your funds for future play in Singapore.

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.