Most Popular Online Casino Payment Methods in Canada
Any deposit or withdrawal you make when gambling online needs to be processed via some banking method. It’s very important what choice you make when considering casino payment methods. Some are safer than others, some come with fees and other limitations, and there are the ones that allow for smoother and faster transactions.
That being said, we’ve created this somewhat short guide on how to find and use the best casino payment methods in Canada. Naturally, your choices will vary from one website to the next one, but the top-rated casinos in our lists have a big variety for you to choose from.
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There are now excellent casinos in Canada that will offer you a variety of casino online payment methods for your deposits and withdrawals. Some are more popular than others, of course. Let’s see what the most commonly offered options include.
E-wallets are currently the most popular method among Canadians because they are safe to use, simple, and most importantly, offer some of the fastest withdrawals for gamblers. The most frequently offered and popular e-wallets today are:
Skrill or formerly known as Moneybookers, is a famous and established electronic wallet company from the UK. It appeared on the market in 2001 and today, it offers a broad range of services to millions of clients on the Web.
PayPal is one of the oldest electronic wallets dating back to 1998. It is an American financial technology that became available at online casinos a bit later but ever since, it has enjoyed tremendous success with gamblers.
ecoPayz was established in 2000 and is considered one of the safest payment services, allowing for both deposits and withdrawals in many countries across the globe.
When it comes to established companies, Neteller is also one of the first. It opened in 1999, which gives it over two decades of experience and a variety of electronic payment services nowadays.
Credit and Debit Cards
Credit and debit cards are available for a very long time in online casinos. These are among the most used online casino payment methods Canada has. Most people have at least one card on them at all times, making it easily accessible and simple to use. The two most widely accepted options are:
Visa is the leading card provider in the world. There are many types of Visa cards available, including credit and debit cards, Visa electron, as well as prepaid and gift cards.
MasterCard stands right beside Visa in terms of popularity. They offer a great level of security, are widely available, and can be used for both deposits and withdrawals.
In addition to this, you might also come across Maestro and American Express cards, as well as famous choices of prepaid cards such as Paysafecard and EntroPayz.
Pay by Phone Providers
There are certain companies that facilitate payments from your mobile phone bill. Basically, you will be gambling first and pay the amount when your bill comes later. The most popular options for this are:
- Apple Pay
- Pay by SMS
When it comes to fast payouts, cryptocurrencies are one of the best options. Currencies like Bitcoin, Litecoin, Ethereum, Dogecoin, and Dash are now accepted at big online casinos. They offer speedy payouts and can often give players access to exclusive games and bonuses.
Bank or Wire Transfers
Casino bank payment methods are not as popular as they used to be because they lack speed and sometimes come with fees. Even so, many find it convenient to request their payout directly into their bank account.
The Best Casino Payment Method in Canada
Fees and Limitations for Various Banking Methods
All online casino payment methods come with their pros and cons. Depending on where you gamble, you can come across various fees or limitations. Some of these are made by the casino and others by the banking provider. For example, the casino might not charge you a fee to withdraw directly to your bank account, but your bank might.
In most cases, you’ll find that casinos cap the transfer limits for deposits and withdrawals to a certain amount. This amount can vary depending on which method you use, or which loyalty tier you are currently in. Most Canadian websites require that you make at least a $20 minimum deposit or withdrawal. They also have daily, weekly and monthly limits in terms of how much you can withdraw from the site.
Naturally, if you win bigger sums that exceed this limit, this doesn’t mean that you lose them. The casino will pay them out based on their Terms and Conditions, so it might take a while until you get them all.
Gamblers often send out requests demanding bigger or faster withdrawals, especially VIP players who enjoy better perks.
Before you choose any method or casino, make sure to read the terms and conditions to learn if there are fees applicable, how much you need to deposit or withdraw, etc. And of course, if you plan to claim bonuses, keep in mind that casinos have special bonus terms that must be met that can differ from the general T&C.
The option to play online has been amazing to many gamblers in Canada. Today, you can play from any place and at any time, and get access to thousands of casino games. To start gambling, you have many choices in terms of methods to use. Once you pick your favorite, depositing and withdrawing will go without a glitch.