Can Paysafe Be Traced In a Casino?

Can Paysafe Be Traced In a Casino?

Ensuring secure and anonymous financial transactions is vital in online casinos, hence requires understanding payment methods' traceability limitations in the industry. 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: untraceable, requiring only validity verification. 

This payment method involves a card with a 16-digit pin code, which you input during online purchases, preserving your anonymity. The pin code on the card is the sole requisite for online payments on websites accepting Paysafe.

Available in local currencies with options of NZ$10, 25, 50, or 100, the card can be purchased at over 4,200 outlets in New Zealand, including supermarkets, gas stations, and kiosks.

Are Transactions Tracked?

PaysafeCard provides a prepaid deposit option, ensuring transactions are untraceable by digital attackers, with no sensitive user data left behind. However, during registration on the site, certain personal information is required. It is important to note that while the payment with PaysafeCard remains untraceable, Paysafe transactions within casinos can be traced as the casino has 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? If So, In What Cases?

Paysafe, like any other payment provider, does collect 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, among others

In most cases, online casinos will not disclose player 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.

Cases Where Player Information May be Disclosed

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

  • Fraud Prevention and Investigation. In cases where there are suspicions of fraudulent activities or violations of casino policies, casinos may disclose player information, including Paysafe transaction data, to internal security teams, financial institutions, or law enforcement agencies. 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, including anti-money laundering (AML) and know-your-customer (KYC) practices. In order to meet these compliance obligations, casinos may be required to disclose player information, including Paysafe transaction details, to relevant regulatory or governing bodies.
  • Player Disputes and Legal Proceedings. In disputes or legal actions involving players, casinos may be required to disclose relevant information, including Paysafe transaction records, to legal representatives, arbitrators, or courts. This can occur when resolving payment disputes, alleged misconduct, or breach of terms and conditions.
  • Consent-Based Disclosure. Casinos may seek explicit consent from players to disclose their Paysafe transaction information for specific purposes. This can include situations where players opt into loyalty programs, promotional activities, or partnerships that share data with third-party entities.

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.

John Gold

John Gold

Starting as a typical gambler, I was interested in how the industry works. And now, for more than 10 years, I see myself as a gambling expert. After trying out more than 500 pokies, I'm ready to share my insights and tell you what you need to look at to get a good gaming experience.