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Payment Methods for Canadian Online Casinos

How to Choose the Best Payment Methods?

There are lots of methods when it comes to making a payment to online casinos, but not all of then offer the same ease of use and security. While choosing a payment method, you must look for:

  • Top notch safety and security;
  • Fast transactions;
  • Ease of use.

In this article, we will list the most popular payment methods and review them according to these criteria.

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Crypto Currency

Prepaid Options

Prepaid cards are the best option if you don’t (or can’t) use credit cards or other classic payment methods at online casinos. Note that these are not debit cards: They already loaded with a balance and by entering their number, you are spending that pre-loaded balance. Most of them can be used one time only, and they cannot be used for withdrawals. However, they offer a certain level of anonymity, ease of use and top-notch security, since they can be used once. Refer to our section about pre-paid cards below for more details.

Steps to Funding Your Online Slots Account

All of the methods listed in this guide are used the same way: Log in to your casino account page. Look for a button/link that is named “deposit” or “make a payment”. Note that the casino may use any name it wishes, but these are the most common options. Click on that button/link. The casino will list the available payment methods. Pick the one that most suits you. Specify the amount you want to deposit. The rest is different for each payment method:

  • For credit card/bank transfer/prepaid cards and other offline methods: Enter your details (for example, credit card number) to a form and hit the “pay” button.
  • For e-wallets: Just pick the name of the provider. On a separate page, the website of the provider will open, and you will log in to this site to complete the payment. The casino sees/stores nothing.
  • For crypto-currencies: Enter the address of the casino as the recipient to your wallet and complete the transaction from your wallet. The casino sees/stores nothing.

Bonuses & Promotions for Payments

Almost all online casinos offer some type of bonus for specific payment methods. For example, if you choose a specific e-wallet service to deposit money, you get 10%bonus. In general:

  1. These bonuses apply to “exotic” methods such as e-wallets and mobile payment. For classic methods such as credit cards and bank transfers, you get no bonus.
  2. These bonuses are especially popular in sports betting sites. Online casinos rarely organize them.

In any case, always look for a payment method bonus before making a transaction. If you find a promotion, use it for the extra benefit.

Free Withdrawals

Usually, most of the online casinos ask for a “fee” for making a withdrawal. However, at these casinos, withdrawals are completely free of charge:

Name Welcome Bonus
Casino Cruise £1000 cash bonus
Sloty £1500 deposit bonus
Play Ojo No deposit free spins bonus
Slotty Vegas 500 usd signup bonus
Super Lenny 350 usd cash bonus
Mansion Casino £5 no deposit cash bonus

Types of Online Casino Payment Options

In general, we can list the payment methods preferred by online casinos like this:

  • Credit Cards;
  • e-Wallets;
  • Prepaid Cards;
  • eCheck;

Please refer to separate sections of these methods to get more info. If we sort these methods according to their safety, prepaid cards come first, e-wallets second, eChecks third, and credit cards last. Note that this sorting is based on security only. eChecks, for example, are an ancient payment method that offers no practicality.

Before we start (this will be a long list), we should mention you can add funds to any of these methods by using credit cards, debit cards, and bank accounts. Some of them also support funding by mobile payment methods. The idea is funding the e-wallet with one of these options first, then use the e-wallet to make a payment. Any of these methods are secure and faster than using a credit card and/or bank transfer. In addition, e-wallets are usually the subject of casino bonus promotions.

  • Paypal: The oldest and most popular service. However, it only serves players who live in countries where gambling is legal. Mostly casinos in the UK support PayPal.
  • Neteller: The most popular e-wallet service at online casinos. More than 80% of all gambling transactions is done by Neteller. It also has a debit card.
  • Skrill: The same as Neteller. Both brands are owned by the same company.
  • Ecopayz: Mostly known due to its pre-paid cards. Tier II and II casinos support Ecopayz, and it is especially popular in countries where gambling is considered as illegal.
  • Bacs: Only available in the UK and only for debit cards.
  • Entropay: The “light” version of Neteller. It is known for its low fees.
  • Ideal: Only available in the Netherlands. It is the Dutch version of PayPal.
  • Webmoney: A Russia based e-wallet service which is popular in Asian countries. Supports hundreds of different currencies and provides ATM service in Russia.
  • ClickandBuy: It was the second largest e-wallet service in the EU after PayPal. Not available anymore, its services have been terminated.
  • Sofort: Available only in a couple of European countries (Belgium, Germany, Italy, Spain, and the Netherlands).
  • Paysafecard: Owned by Neteller Group. This is a pre-paid card service, not an e-wallet.
  • Trustly: Uses PayPal infrastructure. It is kind of a “PayPal franchise”. You can add funds only by linking a bank account.
  • Ukash: It was a pre-paid card service. Not available anymore. It was terminated in 2015.
  • Idebit: Only available in Canada. Just like Trustly, you can add funds only by linking your bank account.
  • Qiwi: A Russia based service that is popular in Asian countries. Offers a debit card.

Credit and Debit Cards

Credit and debit cards are the most popular (and easier) methods of payment at online casinos. Almost all websites support them and the transactions complete in mere seconds. By credit and debit cards, we mean cards of Visa, Master Card, American Express, and Visa DEBIT / Maestro.

Enter the numbers on the front, due date, and the three-digit security code at the behind – it is as easy as that. However, credit cards are also the most “dangerous” method when it comes to security. There are lots of threats against this form of payment method, and lots of them are caused by your computer, not the casino. Keyloggers, Trojans, Malware: Any of these can target your credit and debit card info. In terms of security, credit cards are at the bottom of the list, unfortunately.

Mobile Payment Options

Nowadays, you do not need to use a desktop computer to make a payment. You can complete all transactions via your mobile devices. These are the most common mobile payment methods:

  • Zimpler: The payment you make will be added to your phone bill if you choose Zimpler as the payment method. It has no credit cards or any other methods to top-up: As long as you have a mobile line that has a monthly bill, your payment will be added to it.
  • Boku: Works exactly like Zimpler. However, Boku is more popular in Asian countries.
  • Payforit: Payforit is only used in schools in Latin America. It is a mobile app that can be topped up by credit cards and used to pay for a meal in school. Not supported by casinos.
  • Applepay: Official payment method of Apple. You add your credit card info to the app and use your mobile phone to make a payment. Not supported by casinos.

Offline Payment Systems

These methods should be your last chance, and you should use them only if other methods do not work. Offline payment methods are slow, have higher transaction fees, and they can be easily tracked. Honestly, they offer no real advantage to gamblers, and they should be used only as a last resort.

  • Bank Wire Transfer: Classic bank transfer. May take 11 business days to complete. Can be tracked/blocked by governments.
  • Echeck: Longer version of bank transfers. It can take weeks for a transaction to complete. Only a couple casinos support this method.
  • Western Union: Probably the worst one. Some transfers require a month to complete. Do not use this. As far as we know, no casinos support this method.
  • Instadebit: Probably the best one among other offline methods but works only in Canada. If you are not a Canadian citizen, you cannot use Instadebit. Basically, it uses your bank balance to complete payments.

CryptoCurrency

Crypto-currencies are the best payment method if you live in a third-world dictatorship that banned gambling and prosecutes gamblers. They are completely anonymous and work outside of the banking system. Moreover, they cannot be tracked and offer lower transaction fees than any other methods. The only thing you need is a wallet to use crypto-currencies.

  • Bitcoin: The first and the most popular crypto-currency. It is accepted by many online casinos, but transaction fees may be little higher than usual due to its popularity.
  • Ethereum: In addition to being a digital payment method, Ethereum blockchain can host an entire online casino and make it decentralized. Ether is better in terms of transaction speed and fees when compared to Bitcoin.

Prepaid

Prepaid cards are truly anonymous: They already have a balance, and you do not need to show an ID while buying them. They are like debit cards without a name – anybody can use them and deposit money without providing personal details. Therefore, they are one of the best options in countries which banned gambling and/or makes it difficult to send money to casinos by using the banking system. The most popular pre-paid cards are:

  • Astropay: Works with VISA. Completely anonymous, you can buy the card and start using it without opening an account at the AstroPay website. However, if you choose to register, you can keep topping up your card. Especially popular in Middle-East and other countries where gambling is banned.
  • Trustpay: Works with MasterCard. Requires an account to use. Can only be used as a deposit method, no withdrawal possible. Especially popular in Europe.

eMoney Online Casinos

Ranked as the most popular in Georgia, eMoney is a multi-currency e-Wallet that was launched in 2007. Utilised by both individuals and companies, eMoney boasts of about 3 million active users globally. To use eMoney, you must connect a financing source to their wallet. There are numerous options available, varying from credit and debit cards to active bank accounts.

Developing the current legacy infrastructure of cards and bank accounts, eMoney is focused on becoming the most reliable means of online payments. This online and mobile payment merchant serves a host of individuals and businesses across the globe. In fact, it’s one of the most convenient and reliable options for transferring cash to and from online casino sites. As such, we are going to help you understand why this is a remarkable payment option, especially if you want to spin the reels for real money.

DineroMail Online Casinos

DineroMail is a payment method by the PayU Corporate. The service is present in five different countries in Latin America, with over 3 million users. Despite having a different name in a few of those countries, DineroMail is very similar in all of them, allowing the user to send money to DineroMail casino games via a favourite payment option. Bank transfers, debit and credit cards are some of the possible choices.

Dankort Online Casinos

In 1983 the first Dankort card was released, but it was only in 2001 that it gained its current name ‘’Dankort’’. Today, it is considered the national Visa debit card of Denmark, but it is globally accepted. Dankort belongs to the Danske bank and the fees to use the card in foreign territories are definitely not high. Dankort/Visa is extremely popular among a large number of users worldwide, accepted in almost 1 million ATMs and more than 24 million outlets around the globe.

Comgate Online Casinos

Comgate is the latest AGMO means of online transactions that enables steadfast payments online and via mobile phones. These payments are made via a direct bank transfer that is triggered by a network of certified banks and credit cards.

With Comgate you don’t have to keep cash on a different account as Comgate only transfers paid funds from the bank to the merchant. The services of Comgate are delivered under the Czech National Bank Authority and follow its control mechanisms and security protocols. As such, 100% safety and security are guaranteed.

BPay Online Casinos

BPay is an Australian online payment system used by a huge chunk of Australians to pay their bills by transferring funds electronically from their Bank accounts to their billers, using a mobile phone or personal computers. If you are an Aussie online casino gamer, you’ll be happy to know that BPay also permits you to deposit funds to gaming sites that accept it as a payment method. So, once you are done with enjoying our free to play reel collection, this is a convenient payment merchant you can use to load deposits for playing the selection of hits under our roof on our hand-picked casino sites.

Abaqoos Online Casinos

Abaqoos is a top Hungarian based online payment system that uses a pre-funded voucher method. E-group from Budapest owns the system that helps customers to make deposits in a hustle free manner. Many online casino players from Hungary and different parts of the world have already benefited from it.

ICON ICX Online Casinos

Cryptocurrency has taken the world in a storm with more speculations and reviews being made. As a stimulant to the blockchain world, ICON cryptocurrency has come up to bridge the gap that exists between two blockchains. If the cryptocurrency is news to you then here is a heads up. Icon cryptocurrency or popularly known as ICX is a framework that is based on blockchain technology and aims to link independent blockchains to each other. The interconnected blockchain network is based in South Korea and allows centralization of different blockchain networks through ICON Republic and Citizen Nodes.

Dash Online Casinos

Choosing cryptocurrencies to make a deposit and withdrawal at online casinos gives you a lot of advantages: You don’t need to “calculate” exchange rates. You do not need to worry about transaction fees. Moreover, you can always stay anonymous – no government or tax agency are able to track your winnings. Therefore, the popularity of crypto-currencies is increasing day by day, and many online casinos start to accept them as a payment method. Dash is one of these currencies: In this article, we are answering all of your questions about Dash casinos.

Ripple Online Casinos

Day by day, a new online casino starts to support cryptocurrencies for deposits and withdrawals. The blockchain technology offers a lot of advantages both to players and casinos, and it seems, the popularity of cryptocurrencies will keep rising. In this article, you can find everything you wonder about gambling with Ripple.

Monero Online Casinos

As the race of Cryptocurrency giants continues, Monero is already making an impact in the online gaming industry. It’s among the newest digital currency that came with even better capabilities compared to Bitcoin, and as such, many people around the world choose to use it. For instance, anonymity factor in this crypto is heavier than that of Bitcoin and the ease of use compared to other digital currencies is greater especially for those new to the world of crypto-gambling.

Clickandbuy Casinos

The ClickandBuy is a fast and easy solution for making payments in online casinos all around the World. It has more than 15 million users and it is one of the leading payment systems. Bettors who want to use the ClickandBuy as a way of transferring cash into their account should know that withdrawing money is possible only if a gambler maintain the balance of 10£ for 10 consecutive days. For all bettors who decide to use this method, bank transfer, debit cards, and prepaid credit will be available.

To start using the ClickandBuy, a player needs to go to the official website and create an account. This can be done very fast. Bettors need to provide some basic data and confirm the e-mail, which will be sent automatically, and by doing that, a gambler will complete the validation process. The registration process can only be finished by gamblers who are at least 18 years old. Before starting, players should check all the terms and conditions related to this method.

Safety & Security

Online casinos use many certificate and licenses such as United Kingdom Gambling Commission, Malta Gambling Authority, and Curacao eGaming. These are also the most prestigious and reliable ones. An online casino should work with respected providers, use trusted gambling software, and get audited by independent third party agencies, such as eCOGRA and iTechLabs. In addition, an online casino must encrypt all of its pages by SSL and comply with Customer Protection Policies of different countries. These are the most important features of online casinos in terms of safety and security.

FAQ

Is it legal to play at online casinos?

This depends on the legal status of gambling in your country. If your government banned gambling, it is not legal for you to play at online casinos. However, being illegal does not mean you are going to get prosecuted. It is illegal to gamble in many EU countries, but there are no sanctions against gamblers. Refer to your local laws for more information.

How to make a deposit in online casinos?

This is different at each casino, but in general, you need to find the “deposit” option which can be seen on your personal account page. Click on this button and follow the instructions.

What deposit methods are available?

The deposit methods listed in this guide are available at online casinos. However, this does not mean that you can use all of them at every casino. Online casinos support different payment methods. Contact support of your casino to find out all the methods you can use at that casino.

What is the cashout time for all payment methods?

This is also different for every casino. Usually, crypto-currency transfers are instant. Credit cards and e-wallets finish in mere minutes. Bank transfers can take up to 7 business days. Contact the support team of your own casino to learn the cashout time.

Are the deposit and withdrawal methods the same?

In general, yes, they are the same. In fact, some casinos insist that you must use the same method for deposits and withdrawals. As a general rule, if you can use a method for making a deposit, you can use the same method for withdrawals too.

Are there any withdrawal limits?

Yes, and they are different at each casino. Contact support to learn the actual limits.