Paysafecard is a prepaid payment method. You buy a code from a retailer (Paysafecard lists Canada Post, Esso and Mobil among its Canadian sales outlets) and pay online by entering the 16-digit code. You do not need a bank account or credit card, and you can register a free my paysafecard account to keep your codes in one place (Paysafecard Canada).
At casinos that accept it, a deposit means choosing Paysafecard in the cashier and entering your code or logging in to your account. Because you can only spend what is loaded on the code, some players use it as a simple way to cap spending.
The limitation is withdrawals. Paysafecard's Canadian page describes paying, not receiving payouts, so expect to set up another method, such as a bank transfer, to collect any winnings.
Paysafecard lists a monthly maintenance fee from the second month on its Canadian page, with the full schedule on its fees and limits page, so check that before leaving a balance on a code. As always, confirm the casino is in iGaming Ontario's directory before you deposit.
Source: www.paysafecard.com