Online Casino Payment Methods

The Best Payment Methods & Options

Below is a list of some of the most popular payment methods online casino players can use at Canadian gambling sites. All of these, except cryptocurrencies, can transfer Canadian dollars into casino accounts. At nearly every site, there’s a minimum deposit requirement in place; this is usually CAD $10 or so. Note that there may be different minimum deposits required for bonuses.

How to Use Credit/Debit Cards

Credit and debit cards are widely accepted online. Just about every gambling site in Canada accepts both types of bank cards. Visa and Mastercard can be used just about everywhere. These are reliable options that lots of gamblers use to fund their casino activity and make withdrawals when they’re lucky enough to win.

What Are E-Wallets

These are digital wallets that let you store funds and send and receive payments. They’re among the most popular casino deposit methods because of their fast transactions and security; they can also be used for withdrawals and have quick processing speeds. PayPal, Neteller and Skrill are some payment providers that are classed as e-wallets.

Prepaid Cards to Know About

Another legal casino banking method is the prepaid card. This is a physical or digital card you purchase for a set value of money. Each card has a unique PIN. When you enter this PIN during the payment process, the money on the card can be transferred to your casino account. NeoSurf and Paysafecard are good examples of prepaid cards.

Bank Wire Transfer

This involves transferring money directly between your own bank account and the casino’s one. Many players would rather not have gambling transactions go through their bank, so they use alternative payment methods instead. While bank wire transfers are very secure, they’re also quite slow: deposits can take a few days and withdrawals even longer.

Mobile Payment Options

There are quite a few pay-by-phone methods and some of the most popular ones are Google Pay and Apple Pay. These are deposit methods only; they can’t be used for withdrawals. The money that you deposit is deducted from your pay-as-you-go balance or your next phone bill. Using a mobile payments platform is ideal for those who like gambling while out and about.

Cryptocurrency as a Way to Pay

Of all the deposit methods for online casino sites, cryptocurrencies are the most unique. These are special currencies that are entirely digital. They were created so that people can make online payments anonymously. Bitcoin was the first cryptocurrency, and other popular ones include Ethereum, Tether and Litecoin. There are lots of Bitcoin casino sites where this cryptocurrency and others can be used.

Instant Banking Option

Instant bank transfers, as their name suggests, enable players to fund their gambling accounts quickly. This payment method is also very quick at processing withdrawals.

Payment Methods Available in Canada

The list of accepted online casino deposit methods Canada varies from one site to the next. Most sites accept around a dozen or so deposit methods and slightly fewer withdrawal methods. This gives online casino customers plenty of choices and ensures that making payments is easy and hassle-free.

A lot of the time, you have to use the same casino payment method for both deposits and withdrawals. If your chosen casino deposit option can’t be used for withdrawals, you’ll be able to use a different one to transfer money back to your bank account.

The Time It Takes to Deposit and Withdraw

Most deposit methods for online casinos get your money into your casino account pretty much immediately. If the money isn’t there right away, it should be there within the hour. For bank transfers, however, there may be a wait of a few working days. For cashing out, however, it’s different. First, you have to wait for the online casino to process your withdrawal request. This takes anything from a few hours or less to a few days. Once this has been completed, the amount of time it takes your money to reach you depends on the casino withdrawal option you’ve chosen.

Of all the online casino payment options, e-wallets and cryptocurrencies have the fastest withdrawal times. Use either one of these, and it should take a few hours or less for your withdrawal to reach your bank account. Before withdrawing, you may be asked to complete the casino account verification process. This involves supplying the site with copies/photos of documents confirming your ID. These include, but are not limited to, your passport, your driver’s license and a household bill.

Online Gambling Banking Security

When making payments online – whether to a casino or an e-commerce site – it’s very important that your money is secure. The vast majority of casinos in Canada are safe and can be trusted with your cash. The best way to check if a casino is reliable is by looking for a license. If it has one, you can rest assured that it’s safe to gamble there. If there’s no license, you shouldn’t sign up or deposit money there, just in case.

Licensed casinos use advanced security software and protocols to ensure everything is protected. Payment providers do this as well, so their platforms work properly and there aren’t any issues with payments. Only deposit money into an online casino account if you’re sure the site is secure and can be trusted. Most gambling sites are perfectly safe, but it’s always best to be vigilant – after all, it’s your own money you’re using, and you wouldn’t want anything to happen to it.