You are legally allowed to play online casino games in Canada however most online casino sites are based and licensed offshore. This brings up questions that if the casino has to be based offshore, how do I make deposits at these casino sites and is it even legal to do so? We’ve put together a list of the most common payment methods that you can use as a Canadian resident to make deposits into your online casino account.
Like purchasing anything online you usually have a favourite way to pay for something, casino sites understand this so there is a wide range of successful payment methods to make deposits and request withdrawals. All the payment methods are secured, tasted, and verified and we’ve given you some advantages and disadvantages to each one in case your mind isn’t made up and you need a little help.
Best 10 Casino Deposit Methods for Canadians
We’ve selected the ten best casino deposit and withdrawal payment methods for Canadian players. Check out the most used and most popular payment methods for you to make your first deposit or request your winnings on your favourite online casino site.
Visa debit, credit cards are the most popular and widely used personal and commercial payment cards in Canada. Visa cards are not just used by Canadian players for online casino gaming, more than 150 countries accept transactions with Visa cards.
Visa cards in Canada can be obtained from Le Mouvement Desjardins, Vancouver City Savings Credit Union, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Chase Canada, Laurentian Bank Scotiabank, Citizens Bank, TD Canada Trust, Home Trust Company, and some other banks. There are no restrictions on which bank has issued your card as to whether or not you can use it to make casino deposits. If the card you have has the VISA logo on it and the casino site accepts VISA you are good to go.
For deposits in casinos, Visa cards are popular with gamblers to fund their casino accounts because most adults have a VISA card, whether it’s a VISA credit card, VISA debit card or a pre-paid VISA debit card there are millions of these in circulation and hundreds of Candian casino sites ready to take your payments.
How To Use Visa For Casino Payments
To fund your casino account, go to the deposit sections and fill in the asked details. By entering the PIN or password, you will get approval. After the deposit gets approved, your account is funded, and you can enjoy your casino games.
Two types of visa cards are available that are Visa credit cards and Visa debit cards. The use of visa credit cards tends to overspend sometimes. The Visa debit card is the best alternative and safe and most convenient online payment option to fund casino sites.
The amount will immediately be deducted from your bank account. The best part about visa debit cards is that you can get your winning from the casino directly in your linked bank account.
MasterCard is another top-listed payment option in Canada that is reliable, safe, and secure to use. MasterCard is accepted internationally for online as well as offline transactions and purchases.
The Canada based banks that provide MasterCards are Wells Fargo Financial Corporation Canada, Bridgewater Bank, JP Morgan Chase, Comerica Bank, Alberta Treasury Branches, TD Canada Trust, DirectCash Bank, HSBC Bank Canada, All-Trans Treasury, Financial Services, President’s Choice Financial, Citibank Canada, Peoples Trust Company, National Bank of Canada, Bank of America, Capital One, RBC Royal Bank, CIBC – Canadian Imperial Bank of Commerce, BMO – Bank of Montreal, GE Money.
MasterCards come in three forms that are prepaid card, debit, or credit card. The MasterCard can be used to deposit the funds in the casino. But it doesn’t allow the withdrawal of the winnings from casinos.
The prepaid cards allow you to monitor the customer’s spendings, so it is the most commonly used means among the three. The prepaid cards can be obtained from any licensed merchant or bank institute that provides the MasterCard.
The only demerit of these prepaid cards is they have a specific limit; after that, reloading is required. Majority of casinos in Canada allow the deposit via MasterCard credit cards. The MasterCard Debit cards are accepted in all trustworthy casinos.
How To Use Mastercard For Casino Payments
To deposit the fund in a casino account, go to the payments option and select the MasterCard debit option. Enter the amount you want to deposit and proceed. Within a few minutes, your casino account will be credited. You must have the amount in your account to make a successful transaction.
Instadebit has mobile-friendly payments trusted by online merchants, including the gambling world and top-class casinos. It supports every bank and financial institution and can be accessed anytime, anywhere. InstaDebit is one of the popular payment options at casinos in Canada.
The reasons behind this popularity are, simplicity of this option. It allows withdrawal and deposit at casinos, unlike other payment options that require a lot of paperwork and hosts a very time-consuming process to get started with.
Besides, it does not charge any fee for making transactions like deposits and withdrawals. The Instadebit is commonly used to do two-way service on sportsbooks, casinos in Canada.
Instadebit is an ideal online casino payment method that offers high levels of security, excellent customer support, and quick transaction times. These features collectively make Instadebit a perfect choice for Canadian casino players.
How To Use Instadebit
You can easily make your Instadebit account from RBC, TD, Scotiabank, BMO, and some other credit unions. You will need to fill in the personal and bank details such as name, address, and the last digits of your social security card.
After registration, you need to link your bank account with the Instadebit account to avail the online and offline transaction facilities. Bank details include account number, routing, and branch numbers.
Then you will need to verify your account, and it will take 2-3 business days. Now you are able to fund your casino account with an Instadebit Card.
PaySafeCard is another safe and secure prepaid online payment that is very popular in Canada. PaySafeCard is a voucher with a 16-digit PIN code, independent of bank account, credit card, or other personal information.
If you are not too keen to share confidential details like bank account details, this option is for you. These vouchers can be purchased from nearby outlets. It’s a popular way to pay for online gambling transitions and it’s a commonly used payment method at online casino sites.
It’s not just used for gambling transitions and gaming sites either, dating sites, social games and communities, internet services, music, film, and entertainment industry accepts transactions with PaySafeCard.
Sports betting, poker, and gambling sites also prefer it as a payment option. This plastic-made card can be used to purchase things online and offline. PaySafeCard is a relatable card, featuring denominations of $5, $10, $25, $50 or $100.
How To Use A Paysafe Card
The deposit can be made by just entering your username and password. To make payment with it, select PaySafe as a primarily depositing method and enter the asked information.
Interac is one of the most popular, safest, and easiest payment methods for casino payments in Canada. When it comes to processing payments, it has been serving its customers for years. Canadian players love to use it as it has more than 30 years of successful payment proven track record of making online payments.
Interac is available for both withdrawals and deposits. You can find some other options better than Interac, but most of them do not support withdrawals. So, in this case, a player has to look for another payment processing method.
So why not use the Interac payment method? There are many reasons to go with the Interac as it is fast, secure, reliable, and easy to navigate. As the platform has been in Canada for years, it has earned a good reputation throughout the years.
With this solution, you can use your existing bank or credit union accounts. The very first thing that you need to get started is to open an Interac account. The service has some partnering institutions such as RBC, BMO, Scotiabank, etc.
Interac offers many products such as Interac Cash, Interac Debit, Interac Online, and Interac e-Transfer. However, most of the players use the last option, e-Transfer, because it is a fast and secure option.
On the other hand, this option is convenient for every player because payment can be performed with internet-enabled devices. On top of that, payment comes directly to your bank account without any trouble.
How To Use Interac
To make it happen, all you have to do is open an account with it and log in to your account. The second thing you need to take care of is the verification of your brand-new account.
After entering into your account’s dashboard, you will have every possible option to make a deposit or request for withdrawals.
iDebit payment method is free, safe, secure, and easy to use. The proper iDebit name came from its older payment processing service called InstaDebit.
The creator of the service has been offering its payment services in around 20+ countries and casino players have been using it to make their deposits and withdrawals. The countries include Canada, Finland, France, Sweden, South Africa, Germany, UK, and Belgium.
The popularity of the service is worldwide, and its availability is truly a point to be noted. The company is expanding its arm in the form of an e-commerce network.
The service has reached a wide range of merchant websites, not just gambling sites. iDebit offers mainly two kinds of services, such as bank transfers or an e-wallet account transfer.
How To Use iDebit
Open an account and head over to the cashier section on the casino site. Now you need to select the ‘iDebit’ or ‘Instadebit’ option to take it to the next section. The next step is to log in to your account using your credentials. Now approve the payment, and here you’ve done it.
Citadel Direct North America
When it comes to convenient payment solutions, Citadel Direct plays a significant role. Over the years, it has been offering vital payment services. The option is safe, secure, and trusted by many people.
Citadel Direct makes you enable to deposit funds to your online casino accounts. You can use the bank transfer option to perform this task successfully. It provides you with a high-level of security and transparency.
Citadel Direct North America is also addressed as Citadel Direct Canada, which creates a smooth depositing procedure. The notable thing about this payment method is the player does not need to open a new account.
More precisely, you can use the Citadel, and when you deposit on your favourite casino site, you will notice that there will be an option for Citadel as well. The process of making deposits is pretty straightforward and can be done within a couple of minutes.
How To Use
To deposit with Citadel Direct, make sure you are logged into your casino account. The very next step is to select Citadel Direct as a payment method. You will be asked to fill in the personal and bank information to complete the transaction process.
Within a few minutes, you will be permitted to play.
Paypal needs no introduction in the world of making online payments. PayPal is a digital wallet that holds your personal information, banking information, credit card, and debit card information.
Paypal is the safest and easiest option for online payment methods, as it is growing its popularity worldwide. On top of that, it provides you with a secure environment to receive or send your payments.
Another main reason for using the Paypal service is fast action. This is why the players on casino sites love to use Paypal when making online deposits, as it will save your time because it takes minimal time and allows you to complete your transactions with simple steps. There are plenty of casino sites that accept PayPal so if it’s your preferred way to pay for things online, you should be well catered for.
Paypal is free to use whether you’re thinking about deposits or withdrawals fee. This is because Paypal takes fees from the business side.
How To Use PayPal
Login or signup with your account and find your online casino site. After this, you have to link your Paypal account with the casino site, and now you can enjoy the free and reliable service of Paypal.
EcoPayz is an e-wallet and a global payment solutions provider. EcoPayz provides eWallets that enable users to transfer money from a bank account directly into their bank account.
EcoPayz works just like the iDebit service because both are eWallets. On top of this, this payment option is safe, instant and it gives you a smooth payment experience without digging into the unnecessary hassle.
You can transfer funds into your ecoAccount from other banking solutions such as ecoVoucher, Instant Banking, iDeal, Visa, NeoSurf, and Instadebit.
On the other hand, you can also use the bank transfer option. The approval process can take up to 4 days for the money to deposit into your ecoPayz account through direct bank transfer. As soon as you open an account with this, you can request an ecoCard.
How To Use EchPayz
All you have to do is open an account and move to the cashier section on the online casino site. After this, you need to provide your banking details to your casino account.
Now you have to enter all the necessary details to connect your ecoPayz account to your casino account. That’s all, and this is how you can transfer your money very easily.
MuchBetter is again a safe and reliable option to make your payments online. MuchBetter is like the other payment methods such as Skrill, PayPal, and Neteller.
Once you are done with setting up your account, you can then enjoy the services, and of course, you can use your phone to make payments and transfer. To use MuchBetter, you will need to download the application available for both iOS and Android.
The payment processing with MuchBetter is pretty fast, and on top of this, it will bless you with a smooth experience. A wide range of people uses MuchBetter, an internationally available company, which makes it more trusted.
It supports both deposits and withdrawals. The process of making deposits and requesting withdrawals is quite easy and secure at the same time.
How To Use MuchBetter
To use MuchBetter, you can download the app as per your device OS, and then you need to create a new account. After this, you will be asked to enter the required details to get started.
What Payment Methods are Available in My Country?
The most used and reliable payment method on online casino sites is an important point. A wide range of online casino payment methods are available, but choosing the right option prevents risks.
It depends entirely on your country, but mainly credit and debit cards are the safest and most used payment methods that every casino site supports. It is also convenient for casino players.
The most influential brands are Visa and MasterCard, but at the same time, there are a group of other casino sites that use Discover and Diners Club. On the other hand, there is another most well-known payment method called Paysafecard.
It is a prepaid service used by many customers in almost every country.
These are the most frequently used and most prominent banking options, but they also vary across sites. Therefore, before proceeding, you can read their review in which you will find the best payment methods that they accept.
Is It Safe to Submit My Banking Information to Online Casinos?
As we know, privacy is everything we are leaving in the digital age. If we bring privacy to the table, this is the primary concern of every casino player.
When you deposit or withdraw your money from your casino account, they ask you to fill in personal and banking information. This is why some players use prepaid cards to avoid disclosing any confidential information.
However, many players link their credit or debit cards to take care of their comfort zone. Safety is one of the most critical points during online play.
However, this is not only for players but also for service providers. You will see that online casino sites are the safest sites on the Internet. You will see that each payment method has a proven track record under its belt.
It is not that they are protecting your personal information under a particular case for the sake of law; instead, they want to build trust and make credibility online.
These online casino sites use top-rated security systems and high-tech encryption to ensure that you can play safely without any hassle.
Can I Withdraw My Winnings With All Services?
It depends on the casino sites you are playing at and the payment method you use, but usually, you need to go to the cashier, and you have to select the withdrawal option to claim your winnings.
At the same time, this is not a feature that all casino payment methods offer you. However, you can withdraw your winnings with some credit cards and eWallets.
Some payment methods can only be used to make your first or further deposit in an exceptional case. With this type of banking method, you cannot withdraw your winnings.
But this is not a big deal. Suppose you have used a payment service that cannot be used to withdraw your winnings; in this case, online casino sites will offer you an alternative option to make it happen. This includes bank transfers or cheques (if they support).
The final say is that you can withdraw your winnings using various online casino payment methods. There is always a catch.
Are There Fees For Deposits and Withdrawals?
This is based on the payment service or casino sites you are playing. Each site and payment method has its terms and conditions. But in most cases, they are free and will not be charged as deposit and withdrawal fees.
On the other hand, credit payment services such as MasterCard, Visa, and Maestro will have a small transaction fee appropriate and deducted from your bank account whenever you make a transaction.
This is to say that not all casino sites and payment methods are free, although they may charge a fixed percentage for depositing or withdrawing.
When you find a great casino site to play, it is suggested that you read their policies so that you can have a complete road-map of the vital information.
Are Casino Payment Methods Canada Safe?
Yes, all casino payment methods are safe and secure under an additional layer of the top-notch security system. There is no need to scratch your head when you make your payment.
Let us tell you that the casino site uses high-level security systems to provide the most secure environment. If still not sure, have a look at the following aspects:
- When you register as a brand-new player, you will be asked to submit some legal documents to ensure your identity.
- A player is required to provide legal payment documents.
- When it comes to secure payment transactions, they use SSL 128-bit encryption.
All payment transactions are encrypted so that you do not have to worry about your hard-earned money. On top of that, it is impossible to track or hack your credentials.
When you look for an online casino site to try your luck, the first thing you need to look for is the lock icon next to the website address. If yes, it means that the connection is safe and secure, and no one from outside can modify or steal your pieces of information.
Why do I have to verify my Winnings?
There’s always a safety-scale when it comes to verifying your winnings. It is a standard procedure performed by online casino sites before payment is made. Every casino site has its rules and regulations to comply with your identity.
Casinos always pay you quickly if your documents are correct and legal. If you do not meet the casino sites’ requirements, they can hold your money until you show them your 100% legal documents on the counter.
Verifying a player’s identity is very straightforward and is a good example in front of other players. Once you verify your identity, your winnings will be credited directly to your bank account.
How Long Does A Deposit or Withdrawal Take?
This again depends on your bank service or casino site you are playing at. If we have to answer this question accurately, then we can divide this process into two parts.
- When you make your deposit or request withdrawals, it is completely up to the casino payment team to approve your request.
- Secondly, it depends on the baking service you have chosen to make your payment. Your banking service then takes it to the next level and deposits the amount in your bank account.
Most online casino sites will take a maximum of 24 hours to process and approve your online payment request. However, some casino sites take 48 hours or five working days to make it happen. Additionally, you can check the payment terms and conditions on your preferred site.
To summarize this answer, we can say that the approval time varies from one site to another. On the one hand, it may take one day, or on the other hand, the payment deposit or withdrawal process can be made in 5 working days.
Our team of experts has gone through in-depth research and come up with the above-mentioned payment methods that are safe, secure, and reliable. All you have to do is look for the best payment method that suits you more and gives you the benefits you want.
We hope this article about Best Casino Payment Methods for Canadians is helpful to you. Do share this article on social media if you found it helpful for you in any manner.
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