Payment methods for Canadian online casinos

payment methods canada casino 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;

Credit/Debit Cards

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;

Maestro
American Express

Charges may vary with this type of method. Some may charge processing fee while others might not

Digital wallets/e-Wallets

digital wallets for casino online 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
Citadel
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

Prepaid Cards

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;

PaySafeCard
Flexepin
Neosurf

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
eCheck

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)
Instadebit
eCheck
Skrill
Neteller
PaySafeCard
ecoPayz
Citadel
Interac

Online payment methods FAQs

Like any other online services, various questions arise and at Casinomatcher, we ensure that you feel welcomed to any casino for a great experience. We understand that not everyone would be conversant with every payment method and process and some may also have doubts about the online processes. But we are here to make everything easier for you and make you feel safe!

The following are some of the FAQs related to online casinos payment methods;

Which is the preferred banking method?

The methods will largely differ and this will largely depend on the method you prefer. However, credit/debit cards and e-wallet modes are among the easiest, popular and yet fast methods that you can use to deposit and withdraw funds.

Are the payment methods secure?

Yes. A rule of thumb is to look out for those casinos that are legalized and registered by the respective regulatory bodies. This will give you an assurance that sections such as banking have received the required encryption for security. Another tip to remember is never to share your passwords and pins to people!

Are there charges to expect?

Many Canadian online casinos will not charge any fees for deposits and withdrawals done on the platform. However, some providers may charge a small fee mostly on withdrawals. Refer to your provider to know more on the same.

How do I withdraw my funds?

Withdrawing your funds is a pretty easy process in many of the online casinos in Canada. Once you have accrued winnings and money has been accredited to your actual balance, look out for the option ‘Withdraw’ on the sections ‘Cashier’ or ‘My Account’ to complete the process.

Visa/MasterCard

Visa and MasterCard journey began in the mid-19th century and currently, they are still among the most popular modes of payment globally including Canada. They fall under the Credit/Debit card method and they allow you to make deposits and withdrawals on your favourite online casinos. Many online casinos in Canada have had this type of method incorporated and they stand out for their ease, secure, and speed factors. The key difference between the credit card and debit card is that debit cards draw money from your bank account while credit cards can go a step further to borrow money from the banks.

Debit cards are the most preferred for how they tame the players to use the right amount of money as opposed to credit cards. Key reasons to choose both include;

Trustworthy and reliable (Many years of experience)
They are globally accessible
Instant and quick transactions
Secure to players

PaySafeCard

Established in 2000, the mode falls under the PaySafe Group that also includes Neteller and Skrill. PaySafeCard is under the prepaid card category where a user is provided with vouchers where he/she can buy or make online payments using them. Making payments will require you to have a 16-number PIN which you will use to make online transactions in your casino. The voucher will be available at a land-based sales outlet or online where you can buy vouchers worth C$10, C$25, C$50, C$75, and C$100. PaySafeCard is a widely used mode and has had its access spreading to 46 countries as it stands. A standout point is that in the 46 countries, the mode transacts in the local currencies including the Canadian Dollar in Canada.

You can deposit at the online casinos directly through the 16-number PIN or also opt to add funds to your Skrill or Neteller account through the voucher. No personal or financial information is required hence enhancing the security factor. Key reasons to choose PaySafeCard include;

Secure with no personal or banking information needed
Transacts in different currencies
Has an online app

iDebit

iDebit is another fairly new yet popular method used by Canadians to fund their online casino accounts. The payment system is linked to your bank account and acts as a middleman for any transaction you carry out. It stands out for how fast and easy the process of making deposits gets at every attempt. Unlike many banking modes, iDebit will not require you to provide your banking details as you deposit your funds to an iDebit-friendly online casino. This enhances the security detail especially with no card required to process any payment. Additionally, it is not a requirement for you to create an account with iDebit for any successful payment.

The only requirements put in place is to have a funded bank account and an active online casino account. You can also withdraw using the method and credit your bank account directly from the casino winnings. iDebit stands out as the only banking method that is close to instant. However, the mode will charge a flat rate of C$2 on every withdrawal. Key reasons to choose iDebit include;

Instant funding
Guaranteed security
Flat rate withdrawal fees

Instant Banking (by Citadel)

Launched in 2000, Citadel Commerce/ Citadel Instant Banking offers an electronic money transfer avenue to the Canadians and other residents in 30 countries. The mode requires Canadians to connect their internet bank accounts to service providers such as online casinos. This means that for you to deposit funds at any Citadel-friendly online casino, you will use your online bank accounts to complete the transaction.

As the name suggests, the payments are transacted instantly and never retains your personal information. This has seen its security rated high. With Citadel, you can control the amount of money you can use with every fund taken from your bank account. Citadel will not charge you any fees for the instant transactions it carries out. If you opt to deposit through Citadel, you will visit the ‘Cashier’ or ‘My Account’ section of the casino, choose Citadel as your preferred method, complete the transaction on your online bank account, and finish the process. Once again Citadel will act as a middleman between the bank and the casino with no bank details being stored. Key reasons to choose Citadel include;

Instant transactions
Guaranteed secure
Payments are free

PayPal

Launched in 1998, PayPal is another popularly used method of payment transfer in many countries including Canada. As it stands, few online casinos in Canada have incorporated PayPal as a mode of payment. However, PayPal has been a success to the casinos that have incorporated the mode thanks to its easy, fast, and secure factors. It stands out for its access in many countries, incorporating different currencies including the Canadian Dollar, and its many years of experience. You will need to create a PayPal account to start depositing or withdrawing your winnings from the casino.

Creating a PayPal account only needs your email address, password, date of birth, address, and credit/debit card details. Account creation is free but transacting may cost some service fee. PayPal falls under the e-wallet methods where you can withdraw funds from your bank account (if linked) and deposit to your online casino account in a short time. You can also withdraw your winnings directly to your PayPal account. Key reasons to choose PayPal include;

Convenient (Available in many countries and currencies)
Easy, fast, and secure
Reliable

ecoPayz

ecoPayz also claims its existence since 2000 as EcoCard and it is in 2013 that it was rebranded to ecoPayz. The mode falls under the e-wallet method just like PayPal. The method has been popularly used in Canada with online casinos adopting it as a mode of payment for any deposit and withdrawals carried out. For you to transact, you need an ecoPayz account which is free to create with some personal information needed. You will then link your ecoPayz account to a bank account or credit/debit card where you can now start depositing and withdrawing from your online casino.

For you to deposit, visit the ‘Cashier’ or ‘My Account’ section of any ecoPayz-friendly casino. You will then select ecoPayz as your preferred mode, click deposit and you will be automatically led to fill in your ecoPayz logins. After that, you will deposit the required amount and will appear on your casino account almost instantly. The mode also supports withdrawal and once you toggle the option, you will follow the required prompts to complete successfully. ecoPayz stands out for supporting different currencies including the Canadian Dollar and other key reasons to choose the mode include;

Experience in the industry
Simple and fast
Secure

Bitcoin

Bitcoin is a new payment method that is gaining popularity with each passing day. This has seen some online casinos in Canada also incorporating the method in their payment transactions. Bitcoin is a form of digital currency that is not regulated by a body but by its players. Depositing and withdrawing of funds is made possible by cryptocurrencies, especially Bitcoins. For you to transfer funds, you will need to have your Bitcoin address (unique code) and so is the online casino which they will put down on their deposit page. No names or numbers will be offered and this calls for your keen eye.

A point to note is once the transfer goes to the wrong recipient, there will be no reversal. The major standout factor is that trading with Bitcoins can be made possible with any currency. Other key reasons to choose Bitcoin include;

Fast
Secure and reliable
Anonymous transfers&lt

Neteller

Owned and operated by Paysafe Group Plc., Neteller is among the oldest payment providers present in Canada. Its establishment dates back in 1999 and presently, it is among the popular method used in online casinos. It falls under the e-wallet methods which largely are equated to fast transactions. Another main advantage of Neteller is that it is not limited to depositing or withdrawing. A player can do both. Neteller extends its service to other 180+ countries worldwide with its services accessible in multiple currencies including the Canadian Dollar (CAD) and multiple languages.

This is how Neteller works;

Create an account on their website or their tailored app.
Link your account to a funding source (you may opt for a bank account, credit cards, and more).
Fund your Neteller account.
Log into your casino account and go to the banking section and choose Neteller as your preferred method. While depositing, fill in the Neteller login details required and money will be transferred to the casino.
Withdrawing through Neteller will have your funds credited to your Neteller account and you can opt to transfer to your funding source or not.

You will incur fees on your transactions and in many cases, the provider has set a flat rate of 2.5%.

Skrill

Also called Moneybookers, Skrill is owned and operated by Paysafe Group Inc. and has its establishment dating back to 2001. The payment method is popular among many Canadians allowing them to process payments to merchants, in our case, the online casinos. The method also falls under the e-wallet category depicting a picture of fast transactions. Skrill is also available in many countries and supports over 40 different currencies including the Canadian Dollar. With Skrill, players can deposit or withdraw funds from the account at a fee.

This is how Skrill works;

Create an account on their website or their tailored app.
Verify your identity to help increase the account limits. This will be done from the ‘Verification’ option on the Settings page.
Link your Skrill account to a funding source (Bank Account, Credit/Debit cards, et al).
Fund your Skrill account.
Log into your casino account and go to the banking section and choose Skrill as your preferred method. While depositing, fill in the Skrill login details required and money will be transferred to the casino.
Withdrawing through Skrill will have your funds credited to your Skrill account and you can opt to transfer to your funding source or not.

Just like in Neteller, Skrill will have fees attached to every deposit and withdrawal made. A deposit made from the funding source to the Skrill account will be free on bank accounts and incur a 2.9% on a credit/debit card. A 1% fee will also be charged while depositing to your merchant and if you opt to withdraw through credit/debit cards, you will be charged a 7.5% fee.

Trustly

Trustly is among the latest payment providers in Canada with its establishment dating back to 2008. The payment provider is owned and operated by Instant Payment Services. Many Canadian online casinos have incorporated the method in their banking sections thanks to its accessibility in different languages and currencies. Its access has also been available in over 25 countries which is not a huge number. Trustly falls under the instant online bank transfer category. The method provides an avenue where you can make direct payments from your bank account. The method is available for both deposit and withdrawals.

This is how Trustly works;

Log into your casino account and visit the banking/cashier section.
Select Trustly as your preferred method, choose your country of residence.
You will have all banks providing instant transfers in your country listed down. Choose the one you prefer.
Log into your online bank.
Confirm the payment you wish to transfer.
The money will be credited to your casino account.

While withdrawing, after the casino approves your request, your funds will be directly credited to your bank account. The main highlight of Trustly is its safety with no crucial details saved. Only your login bank details are required (username and password). You will also not be required to create an account with Trustly. Any fees that may be incurred will depend on the bank you settle for.

Interac

Interac claims its establishment in 1984 when it was developed purposely for Canadians to have an alternative method while they make payments. Over time, partnerships with local banks and credit unions have since elevated the method to an established brand in Canada. Its popularity is growing with each day and currently, more than 450,000 merchants have adopted the method including online gaming. The method supports the Canadian Dollar which is another major highlight to the players. But what is Interac? Interac is an electronic payment system that offers a link between your bank account/credit union to your merchant. The method falls under the electronic bank transfer category and has been offered in different services in the casinos with the popular ones being Interac Online and Interac e-Transfer.

The difference is minimal with Interac Online requiring you to have client card’s details and a password to access the bank account for transactions. This is only available to very few banks in Canada including RBC Royal Bank and TD Canada Trust. With Interac e-Transfer, many, if not all, banks/credit unions can use the service making it more convenient to players. You only need a recipient email address and answer to a security question for a transaction to be carried out.

Highly convenient in Canada
High level of security with no third party entry
Instantaneous deposits