Canada Casino Payment Methods
Being able to make easy, safe and fast deposits and withdrawals at Canadian online casinos is an important factor. There are a multitude of options to choose from. To help you pick payment methods that works for you, you’ll need to understand the different options, fees and processing times involved, and that’s what this page covers to help you make the best decision when choosing online casinos in Canada.
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Popular Canada Casino Payment Methods
Here’s a rundown of some of the most widely accepted Canada casino payment options. Check out each payment method’s page for more information on fees, processing times and verification procedures.
Interac
Interac is made by Canadians for Canadians. All our Canadian online casinos accept Interac deposits, giving you the option for fast and safe money transfers. You can move funds from your Canadian bank account to your Interac account and then to your favourite casino, keeping your money secure and your gambling habits under wraps.
Credit and Debit Cards
Credit and debit cards are popular payment options at Canadian casinos. All the best casinos accept Visa, MasterCard, Maestro and Visa Electron, with some also accepting American Express.
Paysafecard
For some players, a prepaid card like Paysafecard is the perfect casino deposit solution, helping you to keep track of your gambling spend. The downside is that you cannot withdraw your winnings to a prepaid card.
PayPal
A secure payment method, PayPal is accepted by many casinos that cater to Canadian players. However, in Canada, not all online casinos allow PayPal withdrawals.
Neteller
Neteller is one of the largest e-wallets for online gambling transactions. The payment method offers safe, secure and swift casino transactions, but it isn’t always eligible for bonuses.
Skrill
Similar to Neteller, Skrill makes for quick and easy casino transactions. But not all casinos offer bonuses for Skrill deposits.
ecoPayz
A popular and safe Canadian payment method, you can fund your ecoPayz account with 45 different currencies to deposit at your favourite online casinos.
EcoCard
EcoCard allows you to deposit in a variety of currencies, including CAD. Not all casinos allow you to withdraw your winnings with this payment option.
eCheck
Canadians like eCheck for simple and safe casino deposits at the best online casinos. There may be transaction fees and waiting times involved with this payment method.
PayNearMe
If you’re not keen to use your credit cards for online gambling, PayNearMe is another solution. You can deposit with cash at a store and then use it to deposit funds to your online casino account.
Pay By Phone
To use this Canada casino payment method, all you need to do is enter your mobile number. The funds are deducted either from your monthly bill or pay-as-you-go airtime.
MyCitadel
This e-wallet payment method lets you easily and quickly fund your online casino accounts without the need to hand over bank or credit card details.
InstaDebit
A safe, fast online casino payment method for Canadian players, more and more casinos are adding InstaDebit to their payment method lists.
Bank Transfer
Some online casinos let you deposit and withdraw via bank or wire transfer. It’s a good option for high rollers but often comes with lengthy processing times and transaction fees.
Cryptocurrencies
Digital currencies are gaining popularity in the iGaming realm, with many Canadian casinos now accepting Bitcoin, Litecoin, Ethereum, Ripple and other options.
How To Choose The Best Canada Casino Payment Methods
There are a few things to consider when choosing the top payment method for your online gambling needs. Some important aspects include:
1. Processing Times
When depositing or withdrawing funds, different methods take longer or shorter to process. While most deposit methods are instant, withdrawals differ depending on the operator and the payment method. Most casinos will ask you to complete a KYC verification process before your first withdrawal, too. It’s worth keeping this in mind when taking processing times into account.
2. Fees
Different Canada casino payment methods come with different fees. Visit our payment method pages for a rundown of the fees attached to each method to find the lowest rate that suits you. What’s more, casinos may occasionally charge a transaction fee, so you’ll want to look into that before signing up for a particular platform.
3. Wagering Requirements
Note that many payment methods do qualify for casino bonuses and promotions. However, you’ll need to complete a promo’s terms, conditions and wagering requirements before withdrawing your funds and winnings.
4. Security
What level of security does your preferred payment method provide? While debit and credit cards are relatively safe, e-wallets and cryptocurrencies provide greater protection from fraud.
FAQ
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Which is the best casino payment method in Canada?
It depends on what you need. Credit and debit cards are popular options, but if you’re not keen to hand over details and are looking for faster transactions and greater security, you may want to consider e-wallets or cryptocurrencies.
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Do I need a credit card for online gambling?
No. Canadian players can make direct bank deposits, use eChecks, e-wallets and digital currencies, as well as prepaid cards to fund their gaming fun.
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Which are the safest casino banking methods?
Credit card brands like MasterCard and Visa are leaders in secure online transactions. E-wallets are also popular for their safety, as are digital currencies – all of which don’t rely on you dishing out personal or banking details.
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How do casinos pay out winnings?
You’ll need to follow the withdrawal instructions in the casino’s cashier section. Many deposit methods can be used for withdrawals, too, but not all methods are available for both. Payout times range anywhere from instant to two weeks, depending on your banking option.
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Which method offers the fastest transactions?
E-wallets and cryptocurrency casino transactions are typically instant or take a few hours at most to process.
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