Can Paysafe Transactions Be Traced at Online Casinos?

Ensuring secure and anonymous financial transactions is vital in online casinos. Therefore, understanding the traceability limitations of payment methods is essential. In this article, we delve into the facts surrounding the traceability of Paysafe in casinos, shedding light on the questions of transaction tracking and player information disclosure.

How Does the Paysafe System Work?

Paysafe operates on a straightforward principle similar to cash transactions in physical stores: it minimises traceability but still requires validity verification. This payment method involves a card with a 16-digit PIN code, which you input during online purchases. The PIN code on the card is the primary requisite for online payments on websites accepting Paysafe. However, additional verification may be required depending on the merchant's policies. Available in local currencies with options of $10, $25, $50, or $100, the card can be purchased at over 4,200 outlets in New Zealand, including supermarkets, gas stations, and kiosks.

PaysafeCard Casinos

Are the Transactions Tracked?

PaysafeCard provides a prepaid deposit option, minimising the risk of sensitive user data exposure to digital attackers. However, during registration on the site, certain personal information is required. It is important to note that while PaysafeCard transactions are designed to be secure, casinos can trace these transactions as they have access to payment information.

Despite employing security measures like robust encryption, secure data storage, fraud detection, and advanced authentication, Paysafe transactions in your online casino account can still be subject to investigations and monitoring by authorities. Casinos comply with regulations and may monitor and report financial transactions, including those made with Paysafe.

Usually, the majority of reputable online casinos adhere to strict Anti-Money Laundering (AML) and Know-Your-Customer (KYC) protocols. These measures often involve conducting due diligence on customer transactions and verifying the source of funds.

Is Player Information Disclosed?

Paysafe, like any other payment provider, collects certain personal and non-personal information during the account setup process. According to Paysafe's comprehensive privacy notice, this information typically includes details such as:

Player’s name
Address
National identification number/copy
Email address

In most cases, online casinos will not disclose players' information to third parties without the explicit consent of the player or a legal requirement to do so. However, some specific circumstances may warrant the disclosure of player information.

Situations Requiring Player Information Disclosure

Below is a list of the instances or cases where casinos may disclose players' Paysafe information:

Fraud Prevention and Investigation. This disclosure is typically done to prevent fraud, protect players and maintain the integrity of the casino platform.
Regulatory Compliance. Casinos are subject to various laws and regulations, so they may be required to disclose player information, including Paysafe transaction details, to relevant regulatory or governing bodies.
Player Disputes and Legal Proceedings. This can occur when resolving payment disputes, alleged misconduct, or breach of terms and conditions.
Consent-Based Disclosure. This can include situations where players opt into loyalty programs, promotional activities, or partnerships that share data with third-party entities.

Conclusion

Based on our research, it is crucial to understand that Paysafe transactions within the casino industry are not entirely untraceable. Online casinos driven by regulatory compliance and responsible gambling practices may track and report financial transactions involving Paysafe. The disclosing of players' information may happen in cases related to fraud prevention and investigations, player disputes and legal proceedings, consent-based disclosure, and regulatory compliance. As with any payment method, players must be aware of the possible traceability of their transactions and the disclosure policies implemented by online casinos and payment service providers.