Deposits, Cashouts & Rates in Paysafecard Live Casinos

When it comes to online casinos in Kenya, there are many ways to deposit and withdraw cash. While most payment methods work pretty much the same, PaysafeCard offers a unique system that deserves a closer look. Here’s the lowdown on how this special payment method works.

Depositing at Kenyan Live Casinos with PaysafeCard

The core of PaysafeCard is its voucher system. You purchase a voucher from a physical shop or online retailer and then use it to pay at merchants like live casinos. The big win here is that, unlike direct card payments that expose your bank details online, these vouchers are like disposable temporary debit cards. This means your financial information stays safer.

Here's how the process normally goes:

1. Buy a PaysafeCard voucher with cash or card at a participating shop in Kenya, or easily grab one online.
2. Head over to your favorite live casino.
3. Click on 'Deposit' and enter the amount you wish to deposit.
4. Choose PaysafeCard as your payment method and enter your unique voucher code to complete the transaction.

Any funds left on the voucher remain as a balance. You can even create a Paysafe account to keep track of all your active vouchers and their balances, making it easy to manage your deposits.

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.