Choosing a reliable casino payment method is an important aspect of online gambling. Players must ensure that the casino payment method is legal and reputable in Canada. Factors like payment speed, processing fees, and bonus eligibility also play a vital role. To help you choose the right banking option for your gambling needs, we have compiled a list of some of the best payment methods available at top online casinos Canada. Let’s dive in!
Local and offshore online casinos Canada accept payment options like Visa, MasterCard, and American Express. It’s a simple payment method that securely links to your bank account, allowing players to make quick deposits. Credit/debit card payments are ideal for high rollers, thanks to their high transaction limits. These payments also often qualify for the welcome deposit match bonus. But sadly, payouts can take 3 to 5 business days.
Launched in 1998 as Confinity, PayPal is the most widely adopted e-wallet payment method. This electronic wallet is known for its military-grade security standards and fast payments. PayPal users can fund their accounts using another PayPal account or a credit/debit card. At the online casino, PayPal deposits are often instant. But payouts can take 12 to 72 hours to process, depending on the casino. Note also that PayPal deposits may not qualify for the welcome promotion in some casinos.
If you’re having a hard time operating a Paypal account, Skrill is a worthy replacement at the best online casinos in Canada. This digital wallet was launched in 2001 and currently operates in 130+ countries. Like PayPal, Skrill users can fund their accounts via another verified Skrill account or a credit/debit card. Skrill deposits are instant, with withdrawals taking a maximum of three days. But always check if this payment method qualifies for the match deposit bonus.
Many casino players are often skeptical about sharing their bank details and ID numbers online. While these fears are often unfounded if you choose a licensed and reputable casino, Interac offers a much safer option. Interac allows Canadian users to make direct deposits from their bank accounts. Presently, Interac Online supports over 250 banks in Canada.
Launched in 2004, Instadebit is a reliable online payment method in Canada. This company uses strict financial standards and holds a McAfee Secure certificate to show for it. Like Interac, Instadebit allows players to make casino deposits and withdrawals without sharing their bank details. This payment method is compatible with popular Canadian banks, including the Royal Bank of Canada, Bank of Montreal, and Bank of Nova Scotia. However, every payment will attract a CA$1.95 fee.
MuchBetter is a relatively new payment method launched in 2017. This payment service offers safe, secure, and fast gaming payments in 185 countries and has won multiple awards, including the Rising Star at the prestigious 2018 EGR Awards. Like Interac and Instadebit, MuchBetter allows players to make deposits and withdrawals without sharing sensitive information. But on the flip side, the daily transaction limits may not be ideal for high-roller players.
Many industries have embraced cryptocurrency payments, and online gambling isn’t an exception. With Bitcoin payments, Canadian players can enjoy fast, secure, and anonymous casino transactions. The thing is that Bitcoin payments don’t require bank approvals which often slows down transactions. This also makes Bitcoin payments free at most casinos. Bitcoin bonuses are bigger, thanks to the higher valuation. But be careful because BTC is highly volatile.
These are some payment options to use at Canadian online casinos. Other options include iDebit, ecoPayz, Neteller, Play+ cards, etc. Read through the terms and conditions of the casino and choose a banking method that works for you. Good luck!