Recommended Deposit Methods for Online Casino
How We Rate Online Casino Payment Methods
We pay close attention to specific factors when payment rating methods. These are factors that directly impact the player. They include the following:
- Speed of transactions
- Reputation: safety, security, and legality
The coolest casino payment methods usually enable gamers to carry out transactions quickly without necessarily leaving the casino site. Also, the method should not have hidden transaction charges, and the deposit minimum stake should be reasonable.
Speed is an important factor to consider. Most methods facilitate instant deposits, but withdrawal methods tend to take time. Lastly, we check the reputability of the method. It should have an unquestionable reputation. Safety and security must be guaranteed, and the method must be legal in Canada and other jurisdictions. These factors help us to determine the best payment methods.
Debit and Credit Cards
These are the most common methods that you will find in online casinos. They will allow you to link your bank account to the casino via your debit card or credit card. These methods are lovable because nearly all adults across the continents own at least one card. Recently, the United Kingdom illegalized the use of credit cards in casinos, but debit cards remain quite popular. Let us take a look at these methods.
Visa is perhaps the most popular casino payment method in the world. Hence, it is supported by most online casinos. To deposit and withdraw cash, you need to enter your card details, expiry card, and security code. It may send you a unique code for every transaction to prevent any fraud. This is one of the best payment methods through its withdrawal times are slower than e-wallets.
Mastercard Casino Online
MasterCard is the only debit/credit card that can compete with Visa in terms of coverage. It is used worldwide since it has partnered with over 20,000 financial institutions. There are many MasterCard casinos online that you can choose from. To carry out transactions, you should enter your card number and other card details. This method is amazing because it usually facilitates huge transactions.
Maestro Card Online Casino
Maestro is a brand of debit and prepaid cards that is owned by MasterCard. Hence, you can enjoy the reputability, safety, and security that are associated with its owner. It works in over 90 countries and is supported by many online casinos. You need to link your card to the casino to carry out transactions.
American Express Online Casino
This method is popularly referred to as AMEX. It is also a credit/debit card that is used across the continents though its biggest client base is in the United States of America. To use it in a casino, you should enter your card details in the cashier section.
Preferred Mobile Payments
Mobile payment services are increasingly becoming popular worldwide. They have created a new and convenient way of carrying out transactions. Despite being new, online sites have already picked them up. Further, find some of the most popular ones.
Google Pay app is a digital wallet owned by Google that is used for doing online and mobile-based payments. It is a safe and secure platform that can do big transactions with no charges. There are few Google Pay online casinos, but they will certainly increase as the mobile payments platform continues to gain popularity.
Casino Payments via Apple Pay
Apple Pay is another mobile payment service owned by a reputable brand. It was launched in 2015. The service can facilitate quick and safe. You should simply go to your casino account, select it, and transact. You will only need to authorize the casino payment. There are a few Apple Pay online casinos nowadays.
Samsung Pay is also gradually being accepted by casinos. To use it, you should go to your online casino account, choose it, and select the bank account that is linked. It was also launched in 2015 though it seems to work well for Samsung users.
Electronic Wallets and Prepaid Cards
E-wallets are the most popular payment services on gambling sites. They are remarkable because they facilitate the quickest deposits and withdrawals. They also carry out big transactions in a simple way and are supported by most online casinos. For a long time, these were the best options if you wanted to receive your money quickly.
Paysafecard Casino Payments
Paysafecard is a prepaid card system that is owned by the renowned Paysafe Group. It has one of the most advanced security features and is not linked to your bank account, so your personal details remain uncompromised. You should enter the 16-digit pin on your casino account, and the payment will reflect. This is one of the most popular casino deposit options and is slowly becoming a suitable casino withdrawal option.
Neteller is a top-class e-wallet that is widely used in Europe and beyond. It is also owned by the Paysafe Group. It will enable you to do fast, simple, and secure transactions wherever you are. It also has quick withdrawal times and is supported by several worthwhile online casinos.
PayPal Casino Deposit
PayPal is one of the biggest e-wallets in the world, with over two decades of experience. Due to its popularity, it is supported by most online casinos all over the world as a deposit and withdrawal method. Nowadays, PayPal is not available for Canadian gamblers, but due to its popularity, it is more likely to be changed soon.
Online Casino ecoPayz Payments
This is one of the safe casino payment methods worth using. It has over two decades of existence and is extremely popular in Canada. The e-wallet allows you to fund it through your bank accounts. Then, you can proceed to transact with your casino. Many casino operators support this payment method, so you can find an extensive variety of ecoPayz casinos to choose from,
Skrill, previously Moneybookers, is another fantastic e-wallet that you can use to deposit and withdraw money from your casino account. It is widely used across the world, thus making it a popular payment method. It is also one of the few payment options that can earn you a casino bonus if you use it. Most casinos that are worth selecting as first-choice gambling site work with Skrill.
InstaDebit is an e-wallet that is exclusive for Canadian players. Hence, its users can only link to a bank domiciled in this country. It is a renowned platform that facilitates seamless, secure, and expedient transactions with no charges. However, since it is only usable by the residents of Canada, only casino operators that target the region will be willing to accept it.
This is another online casino banking option that only facilitates transactions for Canadian players. Hence, you can only find it as a casino deposit option in Canadian casinos. To use it, you should link it to your casino account and your supported bank. The biggest advantage it has is its advanced security features since it does not retain the personal info of clients.
This is one of the newest payment methods that is allowed in casinos. It is an e-wallet that was launched in 2017 and is widely accepted in the European Economic Area. You can link it to your debit cards or credit cards and use them to fund it. It also facilitates fast and secure transactions with minimal charges. However, since it’s new, it is not supported by many casinos.
Jeton is an e-wallet that works in several countries worldwide. It is a simple, quick, and reliable way of depositing and withdrawing cash from your online casino. However, it only just began in 2017, so it is not supported by many casinos.
Entropay was a virtual credit card that was used in casinos. However, it was closed down in July 2019; hence, there is no online casino that currently uses it. Nevertheless, there are excellent alternative methods for payments that you can use.
Here is another method that you can use to fund your online casino account. It offers both e-wallet and prepaid card services. It is a simple and safe method to use and is allowed by a significant number of casinos.
Astropay is another new payment method that is gaining popularity in the industry. It is a virtual card system that facilitates quick and simple transactions. However, you can only use it to deposit money in most casinos, withdrawals are not allowed.
You can also make online payments to your online casino account via Luxon Pay. It is a dependable platform that began in 2018 and is slowly getting into the online gambling industry. Players love it because of its simplicity, speed, and zero fees.
eZeeWallet is among the newest payment methods in online casinos though it is owned by a reputable brand. It can be used as a deposit method and a withdrawal method. It can work in several countries, and casinos will certainly start supporting it as it gains traction.
Perfect Money is a reliable e-wallet that has been in existence for over 10 years. There are over 100 casinos that support the platform, so you can find the best. It is also a safe and secure platform that works in several currencies.
Internet Banking and Electronic Checks
These are popular payment methods that make it easy to carry out a bank transfer with your casino. They are highly secure payment providers that can transact massive sums of cash with minimal fees. They tend to create an online version of the actual instant banking systems. Let us take an in-depth look at these payment methods:
Interac e-Transfer Casinos
You can fund your casino account and withdraw cash using this method. It works like an advanced e-wallet that connects your casino to your bank account. Many online casinos work with Interac; however, it can only be used by Canadian users. It is a debit card system that makes it easy to do online transactions. It only works in CAD and has a wide transaction limit that makes it favorable for online casino customers.
Payments With eCheck
eCheck is a direct link between your bank and your casino accounts. It removes the need for an intermediary like an e-wallet. This is usually used as a deposit method since most banks do not have it in their withdrawal methods list. The only disadvantage is that its transactions tend to be slower compared to other methods since the transactions are subject to scrutiny by your bank.
Trustly is another popular online payment method that is allowed by many online gambling sites. It allows you to transfer money to and from your bank in a simple and convenient way. All you need to do is to ensure that your bank can work with it. You can use it for deposits and casino withdrawal.
Citadel is an instant banking platform that allows you to transact money between your casino and your online account. There are many casinos that allow this method, so you will be spoilt for choice if you are looking for one. However, it is often used to pay money to casinos and not for casino withdrawal.
Pay by Phone Bill Casino
Phone bill casinos have also become quite popular in recent times. They allow you to deposit cash through mobile payment providers. The casino deposits are usually processed instantly then the money is deducted from your mobile pay-as-you-go balance or added to your next phone bill. The most popular services include the following:
Boku Payment Casino
Boku is one of the easiest ways to deposit money to a casino as soon as you pass casino account verification. It prides itself on speed, guaranteed safety, privacy, and convenience. The funds you deposit are credited to your monthly phone bill. You can find many casinos that allow this method. However, it is often used for making a casino deposit only and not withdrawals.
Another fantastic phone billing payment option is Zimpler. It is a Swedish brand that works seamlessly across Europe though it is more popular in the Scandinavian countries. This payment option allows you to open an account using your phone number and add other details like a debit card to fund your account. It is common as a deposit method though some casinos allow you to use the same casino withdrawal option.
Payforit is one of the best mobile payment methods in Europe. Just like the rest, it allows you to make a casino deposit, which is then credited to your phone bill. It is a legal casino banking method that is safe, simple, and secure. However, it is not used for withdrawals on most sites.
Deposits via Bank Transfers
These are among the main deposit and withdrawal methods in casinos. They can only be rivaled by e-wallets, debit card, and prepaid card. Players love them because they offer additional security because are subject to stringent requirements. No casino operator can run without allowing this method.
Bank wire transfer is among the oldest and safest ways of funding your account. It allows you to make casino deposits by entering your account details, allowing for a simple verification step and then receiving your money. It is also one of the most popular withdrawal methods though it is slower than other methods. However, this method may be subject to charges.
Instant Bank Transfers
Instant bank transfers, just as the name suggests, offer quicker transfers between the casino operator and the bank. The deposits are usually processed instantly, while withdrawals take a shorter time compared to bank wire transfer. They are also quite safe and offer convenience since gamers can start gambling immediately after they complete the transaction.
Cryptocurrency Casino Payments
These are the newest casino deposit options and withdrawal options. They came in to challenge the supremacy of the e-wallet. They offer privacy, speed, convenience, and so much more. They also have a favorable minimum deposit requirement and high withdrawal limits that accommodate a wide range of gamblers. These digital currencies have excellent pros that make it impossible for any casino operator to ignore.
Bitcoin is the biggest cryptocurrency in the world. It is a decentralized virtual currency that is not under the control of any governing body. The biggest advantage is that it facilitates quick and anonymous transactions since it does not require any banking or financial information of its users. Because of its popularity, there are several Bitcoin casinos available to choose from.
Ethereum is another digital currency that took off with a quick trajectory that forced online casinos to take it up. It offers an online casino banking method free from any paper trials. The method is also as fast as an e-wallet, if not faster, than the e-wallet and attracts no transaction charges.
Litecoin is also widely used to deposit and withdraw cash in online casinos. It is also becoming more popular in online casinos thus allowing more gamers to use it to transact cash. It shares the same pros as the other cryptos.
Casino Banking Options Summary
Online Casino Deposit Methods Canada FAQs
🥇 What is the best deposit method for online casinos in Canada?
There are several deposit payment methods that you can use to deposit cash in Canada. Most of them facilitate instant deposits so the best will depend on your needs.
💵 What is the cheapest way to make a deposit?
Most payment options like the e-wallet and cryptos do not charge transaction fees for deposits.
❔ What are the most common banking methods at Canadian online casinos?
The most common methods include the e-wallet, debit card, credit card, InstaDebit, and others.
🛡️ What is the safest payment option?
All payment services supported by online casinos are safe. However, banking transfers tend to offer an extra level of security though they are slower.
❓ Are there any casino deposit methods to avoid?
Most legit casinos only support secure methods for payment, hence, you will be safe whenever you play in them.
🎁 Are casino bonuses available for any payment method?
No, they usually depend on the payment method. You may miss out on a bonus if you use certain deposit methods.