Payment Methods at Online Casinos in Canada

Do you need help with figuring out which casino payment method works best for you? If so, you have come to the right place!

Quick deposits and withdrawals, along with safe transactions, simplicity and convenience, appeal to the majority of online gamblers. But, while there are many different payment methods offered by most casinos—they aren’t all the same.

 

Top Casinos with Popular Payment Methods in Canada

10

The Different Types of Payment Methods you Can find in Canada

Gone are the days when you only had one option for deposits and withdrawals online, and thanks to the increased interest in online shopping and payments—you can now choose between 5-20 different payment methods at every casino.

Personal preference plays a big part when choosing your payment method, as they all come with pros and cons. Some allow you to make instant deposits and withdrawals, while others can take hours and even days to reflect.

Fees also differ depending on the payment method you choose to use, but this can also be affected by your chosen casino platform. To make the choice a little easier—we have put together a quick guide to the most common payment options for casino gamblers.

Bank Cards

Bank Card Online Casinos in Canada

While bank card payments have dropped in popularity in recent years, it remains one of the most reliable payment methods, and one that tends to be available at almost every online casino. The other plus that comes with bank cards is that most people have them already, which means you won’t need to go through the hassle of opening new accounts.

Visa Casinos Canada

Prepaid Cards

MasterCard Casinos Canada

Debit Cards

Debit Card Casinos in Canada

E-wallet Online Casinos in Canada

E-wallets, or electronic wallets, are digital applications that can send, receive and store money. Most e-wallets let you deposit money into your digital wallet, and you can then use that money to make payments at online casinos and digital shops.

The most common way for this to work is that you link a bank account or bank card to your e-wallet, so that you can pay with your e-wallet even if there is no money in it, and instead, the money is taken directly from your bank account or card.

A huge benefit is that you don’t need to give up your card number, as you don’t need anything else than your login information for your e-wallet. It is also a very quick transaction method with instant deposits and withdrawals within a couple of hours.

E-Wallets

Bank Transfers

Bank Transfer Online Casinos in Canada

Most banks these days offer internet service to their clients, where you can manage your account and transfer money to other clients and services. Online casinos have been accepting bank and wire transfers for years, and it is a convenient transaction made through your internet bank.

Bank transfers are extremely safe, and due to most players having a bank account—it is also a highly convenient payment method. The downside is the time it might take for deposits and withdrawals to go through. This will vary from bank to bank, but some bank transfers can take hours or even days.

With payment methods that can only be used for deposits, such as Apple Pay and Google Pay, it is common to use bank transfers for withdrawals. Many casinos require players to use the same payment method for both deposits and withdrawals, but when this isn’t possible—traditional bank transfers are usually the easiest way to withdraw.

Honourable mentions also go out to:

Voucher Casinos

Voucher Online Casinos in Canada

Another easy way to top up your casino account is through vouchers. A perfect example is CashLib, where players do not need to use credit or debit cards, keeping their information safe. The added privacy is what really makes vouchers stand out to gamblers as all you need is a PIN number printed on the voucher itself.

Neosurf

Neosurf Casinos in Canada

Crypto Casinos

Crypto Online Casinos in Canada

It is no secret that cryptocurrency is considered the currency of the future, and more and more online casinos are catching on. There are still only a handful of trustable casinos that offer cryptocurrency as a payment method, but those that do allow you to make deposits and withdrawals through your crypto wallet.

Fees are generally low or non-existent when using cryptocurrency to fund your casino gambling, and for someone who is already familiar with how crypto tokens work—it can certainly be a convenient payment method.

Pro tip: If you struggle to find a casino accepting cryptocurrency, you can use Skrill as a practical middle man, as this e-wallet accepts crypto payments. In this scenario, you would have to use crypto to make a deposit to your Skrill account, and then pay your casino just like a normal Skrill transaction.

Examples of crypto tokens accepted at many crypto-friendly casinos:

Ethereum casinos

Ethereum (ETH)

Ethereum Casinos in Canada

Litecoin (LTC)

Litecoin Casinos in Canada

Stellar (XLM)

Stellar Casinos in Canada

Binance (BNB)

Binance Casinos in Canada

How to Choose

What to Look for When Choosing Casino Payment Methods

Let’s be realistic—there is no payment method that works for everyone, and you will need to investigate based on your own needs, preferences and abilities. It can be confusing with so many options available, and we have put together a list of what to look for to make the choice a little easier.

 

Online Casinos Canada Safety

Security

Making sure you choose a secure payment method is the most important thing, as this is what will keep your money safe when gambling online. Opt for payment methods that are well-known and readily available at reputable online casinos, and don’t share your card number or e-wallet login information with anyone.

Licenced Casino Canada

Eligibility

The payment methods mentioned in this article are all approved for gambling-related purposes, but if you want to pay by bank transfer or card, you do need to double-check with your bank to make sure transactions for gambling are allowed.

Bank Transfer Casinos Canada

Availability

The number of different payment methods offered by online casinos differs. Some casinos may offer almost every single payment method there is, while others might only have a few available. Before you pick the method of your choice—double-check that your online casino offers it as an option.

Canada Casinos Security

Fees

Another thing to consider is that most payment methods have fees. Read up on the fees associated with your chosen payment method to make sure you aren’t losing too much money on your transactions.

Casinos Canada Payment Methods

Convenience

Depending on the types of games you plan to play, different payment methods could be more or less convenient to you. This usually comes down to the size of deposits you will be making and it will affect your fees, etc, etc.

Top5 Casinos with Variety of Payments

Casinos with a Variety of Payment Methods

RankCasinoBonus AmountGo to the Casino
1 OhMySpins 100% up to $750 + 200 Free Spins To the Casino
2 32Red First Deposit 150% up to $150 To the Casino
3 betObet 100% up to CA$722.70 To the Casino
4 Tsars Casino 4-tier bonus up to C$3,000 + 200 Free Spins To the Casino
5 Casoo 4-tier bonus up to C$2,000 + 200 Free Spins To the Casino

Conclusion

The Future of Casino Payment Methods

Online casinos are gaining more and more popularity every year, and a big sales point is offering solutions that work for everyone. It may seem overwhelming at first when looking at all the different payment options offered by your favourite casino, but the truth is that this makes online gambling available to more people.

Not everyone has a bank account, and then you can use a prepaid card to fund your gambling instead. Others are hesitant to type in their card number at casinos they haven’t played at before, and here an e-wallet can be a game-changer with its slightly more anonymous setup.

The fact that many casinos are now accepting cryptocurrency also shows the versatility of the industry, and how it adapts to the needs and requests of a changing clientele.

Based on what we have seen so far—the future likely holds additional payment options for casino gamblers, to make the scene even more inclusive and welcoming.

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