Deposits, Cashouts & Rates in Paysafecard Live Casinos

When it comes to topping up your online casino account and cashing out your winnings in Nigeria, there are plenty of payment methods available. While most function similarly, some, like PaysafeCard, operate on a unique system. Let's dive into the specifics of how this payment method works, making it a convenient choice for many Nigerian players.

Making Deposits at Nigerian Live Casinos with PaysafeCard

The core of PaysafeCard's appeal lies in its voucher system. You purchase these vouchers from physical stores or online retailers across Nigeria, and then use them to make payments at places like your favourite live casinos. The real flex here is that, unlike direct card payments which expose your banking details online, these vouchers don't contain any sensitive payment information. They're essentially like disposable prepaid cards.prepaid cards.

Here's the simple breakdown of how it works for Nigerian players:

1. First off, grab a PaysafeCard voucher. You can buy one with cash or a card at participating shops in Nigeria, or simply purchase it online.
2. Next, head over to your favourite live casino site. 
3. Navigate to the 'Deposit' section and input the amount you wish to deposit.
4. Select PaysafeCard as your payment method and enter your unique voucher code to complete the transaction.

If you don't use the full voucher amount, the remaining balance stays yours! You can even create a Paysafe account to keep track of all your active vouchers and their balances, ensuring you never lose a kobo.

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.