Payment methods for Canadian online casinos
Are you wondering about the easy, fast, secure, and convenient payment method to use while making a fast deposit and withdrawal at any online casino in Canada? Worry no more. Casinomatcher is here to provide you a variety of payment methods you can use in many of the Canadian online casinos. From online casinos charging zero or fewer fees on transactions, those with a wide selection of payment methods to those providing fast pay outs, we have the whole list and in-depth review of each.
All is needed of you is to click on the desired payment option, read the review, and select the one that favours you! It can’t get any easier! So dive with us!
Types of payment options to expect
The payment methods you come across on any online casino will be categorised in different sections. The sections in question are the following;
This type of method involves the use of your cards just like you use them in your shopping spree. Many online casinos in the world including Canada have integrated the use of credit and debit cards with the experience coming out as seamless. Credit cards are the most used and all that will be required is for you to provide your card information for your online casino account to be credited. If you do not have a credit card, you can also opt to use a debit card which is also safe and hassle-free. Currently, you can use a variety of credit and debit cards but the most popular cards used in Canada include;
- Visa – Largely used for its convenience in depositing and withdrawing funds
- MasterCard – Many cases only accepts deposits
Other commonly used credit/debit cards include;
- American Express
Charges may vary with this type of method. Some may charge processing fee while others might not
This is the most popularly used type of method thanks to its easy and fast aspects. Many Canadian online casinos have accepted this method both for depositing and withdrawing funds. You can easily move funds from your wallet to your casino account within 5 minutes and have your money back within 24 hours!
The method is also safe with only your wallet accessible and not your bank/card details. The process of opening a wallet account is easy where you will then connect it with your card or your bank account. You will then transfer funds from your card or bank directly to the wallet. To fund your online casino account, you will transfer funds from the wallet to the said casino and in case of withdrawing your winnings, you may opt to use the funds while in the wallet or transfer them back to your card or bank account. It’s that easy!
In many cases, the e-wallets are not charged in the casinos although some may charge a small fee while withdrawing the funds. All that is needed is an email address and a password as opposed to many methods that will require huge processes to complete a transaction.
The commonly used e-wallet methods in Canadian online casinos include;
- Instadebit – Tailored for Canadians. Among the most preferred for its free deposits and withdrawals
- iDebit – Also convenient for its availability in major online banks. Withdrawal in most cases is charged
- Interac Online – NOT Interac eTransfers. Easily accessible and available to all Canadian players with a bank account. Another commonly used method
- PayPal – One of the most popular methods used globally. Not many Canadian casinos have incorporated PayPal but some have had its services accessible to players
- ecoPayz – Accepts deposits majorly and can accept 45 different currencies
- Neteller – Fast and accepts both deposits and withdrawals
- Skrill – Like Neteller, it is highly-rated for its speedy factor and also accepts deposits and withdrawals
This type of method works like a debit card but the main difference is that it is not linked to any bank account. You will be using the money you stored on the card earlier. You are not able to spend more than what is originally stored/credited in the prepaid card. This helps you to keep track of your funds and spending according to your limit.
The transfers are instant and fees may vary depending on the provider. However, most casinos will not charge you for depositing. Among the popular prepaid cards used in Canada include;
Direct Bank Transfers
No middlemen are involved in this type of method and as the name suggests, this will be a direct transfer from your bank account to your online casino account. Being a straight transfer, no fees will be incurred in the transaction. Commonly used bank transfer methods include;
- Bank Wire
Other types of payment options to expect will involve cryptocurrency/bitcoins with some of the online casinos in Canada accepting the same.
With the knowledge on the categories of payment methods to expect on the casinos, we look at some of the crucial information you need to know;
Are the payment methods safe at the online casinos?
Security is one of the crucial factors we look out for in any casino we recommend on our platform. By security, we look at many sections including the payment section where information stemming from personal and financial is relayed.
All payment methods offered at the legal online casinos are completely safe and reliable to the players. Whether you choose a credit/debit card method, e-wallet, prepaid card, or bank transfer method, you can be relieved of any method you use. The methods incorporated in many of the casinos are among the most popular in Canada and the world on a large scale. For a casino that is fully legalized, it is only fair that the payment methods they offer will also be safe for the players. If a casino raises some doubt in its certification, avoid using any method they offer and avoid the casino at all costs!
What if the money transfer at the online casino gets stuck?
With technology, some mishaps may be encountered and its completely normal. We understand the frustration that comes if you wanted to make a live sports bet and the money is not reflecting on your account.
Provided that you deposited on a legal online casino, there are many reasons your money might get stuck and not show on your account. Internet may be a major cause with everything being done online. Slow internet connections can slow down your payment or have your payment rendered unsuccessful. In many cases, if the payment is not successful, your money will not be deducted from your card/bank account. If funds were not deducted at the first attempt, you may try to make the deposit once more.
In the case your money was deducted from your card or bank account, you are advised to wait a little longer as delays may be experienced which is normal. Depending on the method used to deposit, if the funds do not reflect in your account past the maximum duration, you can take a step further to consult customer service with details on the transaction you made. They will assist you. A point to note is that no money will be lost. In the rare case your money is lost, you can launch a complaint at the body licensing the casino.
Online payment methods favoured by Canadians
We value flexibility and convenience and as a result, we ensure that the online casinos we recommend boast of the aforementioned factors. Among the sections that the factors must be incorporated is on the mobile platform and the payment methods. As a consequence, at Casinomatcher we have recommended casinos that have the following methods favoured by Canadians;
- Credit/Debit cards (Visa/MasterCard)