Payment Methods at Online Casinos in Canada
Making payments at an online casino in Canada is hassle-free; thanks to the many payment methods that are available. There are many ways that you can fund your online casino account, and you only have to choose the most convenient method. There are both traditional methods as well as modern payment methods, which help you transfer funds effortlessly. Additionally, there are payment methods that can only be used for deposits, while others support both deposits and withdrawals. Here at Online Casino Geeks, we enlighten you on the many payment methods and how to pay for your online casino in Canada.
What to consider while Choosing the Best Payment Method
As an online casino player in Canada, you have an array of financial options available to fund your casino account. If you are Canadian and plan on signing up to an online casino to play real money slot and table games, then make sure always check the casino’s accepted payments methods.
Below we have listed some of the most popular online casino deposit methods available to Canadian online casino players:
Online cryptocurrency casinos are becoming increasingly popular simply because all deposits and withdrawals are super fast.
You will find that most casinos will accept both CA$ and cryptos. You will need a cryptocurrency wallet to make a deposit using digital currency because the casinos will not be able to make the exchange from CA$ to crypto for you; although some will convert crypto to CA$ because the games do not support betting using digital currency.
Some of the most popular cryptocurrencies sued include BTC, BCH, LTC, ETH, and DOGE although some casinos will accept other forms of crypto, these five are the most commonly found. Just to finish off this section, make sure that when you sign up to a crypto wallet, the company holding your crypto will allow you to fund online casinos.
The two most well-known eWallets available to Canadian casino players are Neteller and Skrill. You can sign up to these wallets using your email address and telephone number, and once signed up you will be able to instantly top up your online casino account.
Once you confirm your account you can add funds once you have connected your debit/credit cards to your account. Alternatively, you do not need to top up and instead, you can make a transaction using your eWallet email address and the funds will be taken from your credit/debit account via the eWallet’s payment system.
Both Skrill and Neteller are popular because they are extremely safe and secure. This is because you do not need to enter your credit or debit card details across multiple online casinos or websites. You simply centralize this information on your eWallet account and then use your email address to trigger a transaction and pay.
All online casinos that deal in fiat currency will accept major credit and debit cards. VISA and MasterCard are the main payment systems available, but some casinos also accept Maestro. Deposits using credit/debit card are instant, but you may have to wait sometime for withdrawals.
On rare occasions, you may also come across an online casino that will not allow withdrawals to credit cards. The good thing about using credit/debit cards is that they usually come without fees from your financial provider or the online casino.
Paysafecard is a fast and very convenient prepaid deposit option. You do not need to share any financial details with the casino when using the Paysafecard option, and so it is considered private and very secure. You can purchase a Paysafecard at Canada Post for $10–$250 or buy one via an online outlet. Once you have your card, you can simply go to your online casino of choice and select Paysafecard as your payment option then enter your 16-digit code and your funds will be deposited free of charge.
The plus points Paysafecard has is that you do not need a bank account, but the downside is that you cannot withdraw using this as a financial option.
Another popular casino deposit method that has hit it off in Canada is Interac. The company prides itself on secure 128-bit encrypted connections to ensure all transactions are seen through safely. It also comes with an incredibly convenient mobile app making it perfect for those that like to play at mobile casinos.
The system is made up of a conglomerate of Canadian banks making it easy to transfer money in and out of your bank account using the Interac wallet as the middle man. This cuts out bank transfers and is practically an online debit card for your bank account.
You can also use Interac as a withdrawal method and most online casinos, but not all of them will allow the duel deposit/withdrawal functionality, so make sure you check before you join a casino simply because it is an Interac casino. It is worth noting that your online casino will not charge for the transaction, but Interac does charge a small fee for every transaction.
For more information about Interac casino available to Canadian casino players, see our Interac Casinos page.
You might still see many online casinos offering Entropay, but this payment method has ceased to exist. The alternative solution to EntroPay is now ecoPayz.
Having an ecoPayz is like having a cross between a credit card facility and an eWallet. There are three products that can all be used simultaneously – ecoAccount, ecoCard and ecoVirtualcard.
The entire system boasts super fast payments via any one of its products as well as cash withdrawals if you are using the ecoCard. For eWallet style payments, you will use your email addresses and passwords in the same way as an eWallet and for online payments you can use the prepaid ecoVirtualcard giving you two options to make deposits at your online casino.
CA$ are accepted along with numerous other currencies meaning you will be able to send money around the world. This opens up the option to play at almost any online casino worldwide that accepts Canadian players. All you need to do is sign up via a browser or the awesome ecoPayz app.
Once you have signed up, you can add credit/debit cards, make local bank deposits, or use ecoPayz local services available in Canada.
Although there are many more ways to deposit to Canadian online casino accounts, Instadebit is the final payment method available in Canada to make our list of the most popular payment methods.
One of the reasons Instadebit is so popular is because it is a Candian based financial organization based in Toronto making it very popular amongst Canadian casino players. The system is much like Interac so far as you have an online payment solution that connects to your bank account. It means upon receipt of your payment, the receiver will not see the bank or details of the bank your transaction came from.
Effectively, Instadebit acts as a secure middleman between you and the company you are transacting with. You will have to pay a small fee for both withdrawals and deposits, but this is a small price to pay for the convenience of security.