Casino Payment Methods in Canada - Full Guide

E-wallets

One of the best payment methods for online casinos is e-wallets. This banking method is fast, easy to use, and allows you to keep your financial information confidential. However, there are some drawbacks to using e-wallets, including fees.

Below, we’ve listed the most popular e-wallets used by Canadian online casinos:

Neteller

Neteller is an e-wallet that is widely accepted by many online casinos. It is quick and easy to use, and transactions are processed instantly.

You also get security features like 2-factor authentication (which means you’ll need both ways to identify yourself before accessing sensitive data), deposits from bank transfers or credit cards, and other safety measures to protect yourself while playing games. You can fund your Neteller account using a credit or debit card, a bank transfer, or other payment methods.

Skrill

Skrill is another popular e-wallet that almost all online casinos accept. It offers fast and convenient transactions with relatively low fees. You can fund your Skrill account using a credit or debit card, a bank transfer, or other online casino payment methods.

Skrill is supported by hundreds of Skrill casinos in Canada, making websites that don’t support it a minority. One of our favourite e-wallets!

EcoPayz

EcoPayz is another e-wallet you can use to pay at an online casino. With EcoPayz, you can rest assured that your transactions will happen quickly and without any delays; deposits are instant, and withdrawals may take from 1 to 24 hours, depending on the casino site.

EcoPayz gives you the option of creating an online debit card that you can connect with the e-wallet, which means you can pay anywhere Mastercard is accepted and also withdraw money from ATMs! This e-wallet is fast, reliable, and secure – what more could you ask for? Check out our guide to Ecopayz casinos here to find out more.

MuchBetter

MuchBetter is a new payment app that is becoming more popular in Canada. Players receive a MuchBetter card that they can use not only to make withdrawals and deposits at online casinos but also to pay in stores or withdraw cash from ATMs. It is a very convenient way to make payments, as it is fast and easy to use.

You can also use the MuchBetter app to send money to friends and family, which is a great feature. The e-wallet is currently available at almost 400 Muchbetter online casinos in Canada.

MiFinity

MiFinity is a less popular payment provider, but it’s still a great option. 100 online casinos in Canada support MiFinity payments, so it is not hard to find a place that takes them. And, thanks to the low fees MiFinity charges for transactions, you’ll save some money when you make payments.

So, if you’re ready to break away from the mainstream payment providers, MiFinity’s the way to go. Don’t let its initial obscurity fool you – this is one payment method you can count on!

Debit, Credit & Prepaid Cards

Most people use debit, credit, and prepaid cards to make payments. These cards are very convenient, as most online casinos accept them. Let’s take a look at the details:

Mastercard & Visa

Mastercard and Visa are the most popular credit cards in the world. Online casinos widely accept them and are a very convenient way to make deposits and withdrawals. Mastercard and Visa offer a variety of features, including fraud protection and customer support.

Basically, you can use your Mastercard or Visa card to deposit at any online casino.

Paysafecard

Paysafecard is a prepaid card that you can use to make payments online. It is quick, easy to use, and very safe. It is perfect if you want to play casino games online with your cash. Paysafecard is available globally, and hundreds of Paysafecard online casinos accept it in Canada.

It’s important to note that you can only use Paysafecard for deposits, and you cannot withdraw using this method.

Flexepin

Flexepin is a prepaid cash voucher that can make payments easy and convenient. It basically works like Paysafecard. Just purchase a voucher, enter the unique code at checkout, and your payment will be processed instantly. Plus, there’s no need to worry about used or expired Flexepin vouchers – you can effortlessly redeem them for cash at any time.

Unfortunately, Flexepin is not accepted by many online casinos, and you can’t use it to withdraw your winnings.

Wire Transfer

Wire transfers are one of the most popular payment methods. They are safe and secure, and they offer various features that make them convenient for Canadians. They are perfect for VIP players. In this paragraph, we will look at some of Canada’s best wire transfer options.

Bank Transfer

A bank transfer, also known as a wire transfer, is the oldest payment method for online casinos. It’s a very safe way to make payments online. Wire transfer is available in over 150 countries, and all online casinos accept it.

Bank transfer is often used by high rollers who withdraw large amounts of money. However, keep in mind that withdrawals can take up to 7 days to process.

Interac

This payment provider is one of the best ways to pay for all your stuff in Canada. It’s safe, it’s fast, and it’s easy to use. And if you’re a gambler, no worries, because it’s accepted in a bunch of online casinos. So don’t waste your time and energy with subpar payment options—just trust Interac and keep your money moving in the right direction. It’s got years of experience, so you can trust it with all your needs.

You can deposit and withdraw from any Canadian online casino using Interac within seconds.

Instadebit

Instadebit is a payment provider available only in Canada. It is a great way to get paid quickly and easily. You can expect your deposit and withdrawal to be transferred instantly! Also, there are no fees for withdrawals, which is always great.

Furthermore, Instadebit offers the added benefit of being able to request cashback if something goes wrong! Check out our Instadebit casino guide here to learn more.

iDebit

iDebit is a popular online payment method among casino players in Canada. It’s fast and easy to use, and there is no need to give out your personal financial information. iDebit works similarly to Instadebit; however, there are some differences you can read about in our iDebit vs. Instadebit article.

You can use iDebit to pay at hundreds of iDebit Canadian online casinos.

Trustly

Trustly is a payment option that’s available in many European countries, but also in Canada. It is very popular in Sweden and Finland; lots of players are using this payment processor to pay at an online casino there. Trustly is a safe and easy way to make payments online; you don’t have to set up accounts or verify your ID. The only thing you need is a valid bank account, and you can start playing casino games.

Their Pay N Play casino service allows you to make instant deposits and withdrawals at online casinos. Read more about Trustly casinos here.

Cryptocurrencies

Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. Cryptocurrencies are decentralized and not subject to government or financial institution control. There are plenty of Crypto casinos to choose from in CA. Let’s take a look a little bit closer:

Bitcoin

Bitcoin is the most popular crypto on the market. It is a digital currency that is used for online transactions but also for pure speculation. Anyway, Bitcoin is safe and secure and offers various features that make it convenient for casino players.

For example, you can deposit and withdraw instantly with BTC. In addition, at Bitcoin casinos you can expect much higher bonuses than at regular sites.

Ripple

Ripple’s XRP coins have become quite popular among casino players lately. The cryptocurrency is fast and incurs minimal fees, making it a great choice for those who play at online casinos.

Ethereum

Ether is the second most popular cryptocurrency after Bitcoin, and it’s been growing in popularity with new sites accepting its use.

With this growth comes an increase in Ethereum casinos – that is, online gambling sites that allow you to play games like blackjack or poker using Ethereum instead of your regular money!

Tether

Tether is a cryptocurrency that is pegged to the US dollar. Tether is quite a popular choice for casino players because it offers the stability of the US dollar with the convenience of a digital currency.

Tether is available on various exchanges and can be used to make deposits and withdrawals at quite a few online casinos in Canada.

Mobile Pay

The growth of mobile gaming has been massive in recent years. More and more players decide to gamble on their phones or tablets. In this paragraph, we will look at some of Canada’s best mobile pay transfer options.

Google Pay

Google Pay is a mobile payment system developed by Google. It allows users to make payments with their phones using NFC technology.

Google Pay is accepted at many online casinos. You can use it to make deposits quickly and easily. Plus, you can earn rewards using Google Pay to make casino deposits at some online casinos. However, keep in mind that it is not possible to withdraw money with Google Pay.

Apple Pay

The new Apple Pay is making its way to casinos, and with it come many security benefits. With this technology adopted by so much of today’s society, including online gambling sites, you can be sure that your transactions will stay safe! Casino withdrawals with Apple Pay are not possible as well; you can use it only for deposits.

Deposit and Withdrawal Times

We created this table below to show the deposit and withdrawal times for each method we listed. These can differ from casino to casino, so check with your chosen site before you start playing. If you want to find a casino that will payout fast without using a comparison table, visit our home page.

What You Need To Know About Online Casino Banking Methods

Nowadays, many different casino deposit methods are available to players. It can be challenging to choose the right one, but luckily, we’re here to help.

Many casino sites offer bonuses and promotions when you use specific casino deposit options. So, if you’re looking to get the most out of your casino experience, it’s worth considering your payment method. For example, some sites offer reload bonuses when you deposit using cryptocurrencies, while others offer free spins when you use mobile pay.

And with casino payments, there are a few things you need to keep in mind. Firstly, different payment methods have different processing times. For example, Interac is an instant payment method, while wire transfers can take up to 5 days.

It’s also important to note that not all payment methods are available in all countries. For example, Interac is only available in Canada. So, if you want to use a specific payment method, make sure it’s available.

Finally, remember to check the fees associated with each payment method. Some methods, like e-wallets, can have high fees, while others, like cryptocurrencies, have very low or no fees at all.

Safe & Secure Online Casino Banking Methods

Safety and security should be your top priorities when playing online. It is always a bit sensitive to transfer funds on the internet, so choosing safe banking options should always be a top priority. Luckily, most banking methods offer incredible levels of security in many ways.

Privacy & Security

With online casino payments, you want to be sure that your personal and financial information is safe and secure. Fortunately, all the deposit options mentioned above are highly secure and provide the best protection for your data. There’s no need to worry here.

Keep in mind that reliable online casinos want to keep your personal and financial information safe. That’s why they use encryption methods to ensure your data is protected. They also have multiple checks in place to make sure that their games are fair and random. Don’t let shady websites fool you into thinking they’re the real deal; only trust verified online casinos from our list.

Third-Party Audits

When choosing a banking method and an online casino, always go with one that a third party has audited. eCOGRA and iTech Labs are independent companies that test and certify online casinos to make sure they are fair and secure.

These third-party auditors scrutinize everything from the casino’s software to random number generators, making their findings public. That means players can check whether a site has passed the strict criteria set by eCOGRA and iTech Labs before they play.

Instant Payouts

When you win at an online casino, you want to be able to withdraw your money as quickly and easily as possible. After all, this is the whole point of our website: to give you information about fast paying sites. Some of the withdrawal and casino deposit options mentioned above offer instant casino payouts – namely Trustly, iDebit, or Interac. So, if you need your money right away, you can use one of these methods.

Minimum Deposit Casino Payment Methods

Most of the deposit options mentioned above have low minimum deposit limits. So, if you’re looking to make a small deposit, you can use any of these methods. Most often, it is $C10 or C$20, but in some rare cases, it might be even C$5 or C$1.

However, if you want to make a minimal deposit, you might consider using Paysafecard. It is a prepaid card that you can buy at most convenience stores in Canada. In addition, you can use it to make deposits at online casinos without entering your personal or financial information.

Paysafecard is an excellent option for those who want to make small deposits or don’t want to share their personal and financial information with online casinos.

Online Casino Mobile Deposits

You can use most of the payment options mentioned above for mobile casino deposits. However, some of them are not that convenient and can be a hassle if you’re on the go.

So, if you’re looking for the best way to make a mobile casino deposit, you should use Google or Apple Pay. These mobile payment services allow you to make deposits using your mobile phone with ease.

To use these options, all you need to do is choose the Apple Pay or Google Pay method and double-click the side button. You don’t need to log into your bank account or enter a PIN code on your debit card. Instead, just enter the amount you want to deposit, and you will instantly add the funds to your casino account.

Google and Apple Pay are the easiest and most convenient ways to make mobile casino deposits. They are fast, safe, and secure. The major con of them is that they are not available for withdrawal.

Why Bank With The Canadian Dollar?

As a Canadian, it might be necessary to avoid dealing with CAD-unfriendly casinos that do not provide viable deposit alternatives for your national currency. The risk of excessive spending on conversion rates and associated losses is eliminated by depositing in your currency.

What’s more, if you are planning on making a lot of online casino transactions, it can be pretty beneficial to have a go-to deposit method available in your country. This way, you don’t need to worry about whether or not a particular casino supports your country’s currency.

In short, by banking with Canadian casinos that accept Canadian dollars, you can avoid unnecessary hassle and save money.

A Little Bit About Withdrawals

As we mentioned, some banking methods are better for withdrawals than others. For example, companies like Trustly or Interac usually offer the quickest withdrawal times, while bank wire transfers can take a few days.

Keep in mind that most online casinos have withdrawal limits in place. It means you can only withdraw a certain amount of money at once, whether daily, weekly, or monthly. These limits vary from casino to casino and from payment method to payment method.

Also, don’t forget about KYC. Before making a withdrawal at an online casino, you’ll need to verify your identity. You can do this by providing some personal information and completing a verification process. Once you’ve been verified, you’ll be able to make withdrawals from your online casino account. KYC is a necessary process that you can’t avoid.

Pending Withdrawals: A Tricky Spot

With withdrawals, things can get a bit tricky. It is because most online casinos have a pending period for withdrawals. It is the time between requesting a withdrawal and transferring the funds to your account.

The pending period can vary from casino to casino, but it’s usually between a few minutes and 24 hours. During this time, the casino will review your withdrawal request.

Once your casino account has been verified, you will process the withdrawal and transfer the funds to your chosen payment method.

Whatever the processing time of your chosen withdrawal method, you also need to add on the casino’s specific ‘pending’ waiting period before receiving payment.

Casino Owls Rating: Top 3 Payment Methods in 2024 in Canada

We’ve researched and compiled a list of the top 3 banking methods in Canada for 2024. Take a look and see if any of these options fit your needs.

1. Trustly

Trustly is our #1. If you’re looking for a dependable and easy-to-use casino payment method, Trustly is a perfect option. With Trustly, you can make secure and instant payouts without setting up an account.

2. Interac

Interac is another excellent deposit method for Canadians. It’s a safe and convenient way to deposit and withdraw your money, and online casinos widely accept it in Canada. Withdrawals with Interac are instant as well.

3. Bitcoin

Bitcoin is a popular cryptocurrency that you can use to make online payments. While it’s not as widely accepted as other deposit options, more and more casinos are starting to accept it. Plus, it offers instant transactions with no fees. However, it might be a hassle for players to buy Bitcoin, so it is not as convenient as Trustly or Interac.

How We Rate Casino Deposit Methods

We rate casino payment options based on many factors, including:

• Ease of use: We check to see how easy it is to set up and use each payment method. We also take a look at how user-friendly the interface is.
• Safety and security: Casino Owls makes sure that each online casino deposit method uses the latest security technology to protect your personal and financial information.
• Fees: Are there any fees? We check to see if there are any fees associated with using each deposit method. We also take a look at the withdrawal and deposit limits.
• Processing time: Are withdrawal times fast? Deposit times are usually instant for every payment method, but withdrawal times vary. We have tested many online casinos in our lives using different payment options, so we can tell which one is fast and which one is slow.
• Customer support: We test to see if each payment method has friendly and helpful customer support. We also see how easy it is to get in touch with customer support.
• Bonus offers: Our team also tests if there are any special bonus offers available when you use each payment method.