Online Casino Payment Methods in Canada

It will be fair to state that the Canadian gambling market is full of reliable and convenient online casino payment options. Better still, it's also worth mentioning that these methods have different principles and it's somewhat incorrect to compare them. For example, cryptocurrency users will appreciate better limits per payment, while those who prefer using bank cards for all transactions won't find the time-consuming withdrawal processing time a problem. In other words, it's up to you to decide which method is the best for your transactions. And here are the most essential aspects Canadians need to consider.

Times to cash out from an online casino

You need to distinguish between two factors that influence the payout speed at Canadian online casinos. Here they are explained:

• Processing time on the casino's side

  Sometimes (fortunately, not often), you face CA online casinos that process withdrawal requests only during working hours, so you can wait for several days for the approval on the casino's side.

• Withdrawal period for certain payment methods

  Canadians also need to consider that some payment methods process transactions longer than others. For example, cashouts via bank transfers take up to several business days.

When you are creating a withdrawal request, you can see both the range of available options and the processing time for each.

Banking fees of online casino payment methods

Another aspect to consider when choosing an online casino payment gateway in Canada is the fees involved when making transactions. At large CA online casinos, even when some fees occur, operators absorb them. Plus, these operators don't charge the fees for their work. However, there are certain exceptions Canadians can face:

• In most cases, bank transfers are followed by certain fees.

• You can also face fees when purchasing vouchers or transferring funds to your e-wallet.

• Besides, online casinos can determine a deposit turnover, and if this condition isn't met, extra fees are charged.

It's not that bad when there is a small fee. But when it overcomes 3.5%, it's better to search for an alternative. And again, when you process a cashout, if any fees are applicable, you are informed about it beforehand.

Here in Canada, the range of online casino payment methods is extremely diversified, so gamblers are spoilt for choice. Of course, it doesn't mean that your online casino will feature all these methods, but the most popular ones are bound to be available, so it's worth learning how they work and what details should be considered by Canadians. So, let's evaluate online casino payment services for Canadians.

Bank wire transfer in CA online casinos

This method is both secure and popular among those who prefer traditional transactions. Canadian gamblers add the required details of their bank accounts to process such transactions. Mainly, such payments will be followed by extra fees. Moreover, these aren't the fastest transactions out there. However, you can be sure that the payments are properly secured.

American Express in CA online casinos

Despite its name, AmEx operates not only in the US—Canadians can also use the method. It was established in New York in 1950, and today, over 100 million users hold this card globally. To make a transaction at an online casino, Canadian gamblers follow a standard guide that requires players to provide card details and confirm the payment.

Trustly in CA online casinos

Here comes a Swedish company launched in 2008. In 2020, it entered the Canadian market. Trustly is based on the account-to-account network so that users don't provide bank details yet pay from their accounts once their bank is connected to the service (today, 6300+ banks are involved). These are many local banks, such as the National Bank of Canada and CIBC. When you pick Trustly for your deposit, it offers you to choose a bank from the list of the ones linked to the services. Once it's done, you use the bank login details to confirm the payment. For withdrawals, you follow similar steps, but now, you'll need to wait a bit more since this kind of transaction is usually processed longer.

eCheck in CA online casinos

This method is somewhat less popular, though you will still see eCheck at some online casinos in Canada. Your transactions are held via an electronic check, hence the name. These payments aren't that fast since the bank needs to confirm your transaction within 24 to 48 hours. When it comes to withdrawals, they take even longer. Plus, you may face certain fees.

Neteller in CA online casinos

One of the top e-wallets available in Canada is Neteller. An interesting fact is that the method was launched in Canada in 1999. In 2004, it relocated to the Isle of Man, but the service is still aimed at players worldwide, including Canadians. In 2000, the service started processing gambling transactions, and Neteller managed to cover 85% of global gambling payments. Today, you create a wallet within a few minutes, top it up, and use it to deposit and withdraw at CA online casinos almost instantly.

Mastercard in CA online casinos

Bank cards are really popular among loads of Canadians. And Mastercard is a product provided by plenty of local banks. When you've got this card, you can use its details for both types of online casino transactions in Canada. Just consider that it will take up to several business days to get your withdrawal.

   

Visa in CA online casinos

Like the previous option, Visa is a reliable payment method based on your bank account. When you deposit with Visa, follow these steps:

1. Choose a trustworthy Visa online casino in Canada

2. Then opt for depositing and pick Visa

3. Here, add the amount to send and provide the details of your card

4. Submit the payment and get your money on the casino balance.

The details you are normally required to submit to a casino are the card number, CVV, and expiry date. For withdrawals, you need to use the same card and it must belong to you.

Interac in CA online casinos

This is a domestic payment service designed with the interest of Canadians in mind. As well as Trustly, it's an interbank network that connects domestic financial institutions with online merchants, including online casinos in Canada. Today, the service is linked to large local banks, which are RBC, BMO, Scotiabank, and TD Canada Trust. When you deposit, you choose one of these banks, enter your account, and submit the deposit. The same is with withdrawals. As for the additional products from the service, they are Interac Direct Payments, Interac chip cards, Shared Cash Dispensing (SCD), and Interac e-Transfer Service.

Instadebit in CA online casinos

Initially, this company was established as Solutions Ltd in 2003. However, in 2007, it was rebranded. The option is available in Canada and supports both USD and CAD currencies. Actually, it's another domestic e-wallet designed for smooth transactions, including deposits and withdrawals in online gambling.

iDebit in CA online casinos

Among popular online casino payment options in Canada, you also find iDebit. This Canadian e-wallet allows users to make online transactions through the service to pay from a bank institution if it's connected with iDebit. These banks are Bank of Montreal, National Bank, Canadian Imperial Bank of Commerce, and more. When the bank is selected in the payments section, log in with your credentials, and here you are.

Paysafecard in CA online casinos

This option will be appreciated by players who don't want to deposit much and don't own either bank accounts or e-wallets. To use paysafecard, users purchase a voucher of a certain value online or at one of the sales points (the full list available at your location can be found on the operator's official site). When you enter your online casino, choose paysafecard in the deposit section and enter both an amount to pay and a unique 16-digit code. Within seconds, the money is on your account. Just make sure to pick an alternative for a withdrawal.

Neosurf in CA online casinos

This French payment option was launched in 2004 and its principle is similar to paysafecard. You purchase the voucher online or from local outlets, and in both cases, the official site helps you with this. To use the voucher, log in to your Canadian online casino and enter a unique code provided in your prepaid card. In addition, the service launched the myNeosurf Account option that will be perfect for online casino mobile payments. Due to it, you upload Neosurf PINs, check the balance, and view the transaction history. Withdrawals, unfortunately, aren't processed with Neosurf.

Cryptocurrencies in CA online casinos

Online gambling in Canada is compatible with modern solutions for making payments, including cryptocurrencies like Bitcoin, Litecoin, Tether, Ethereum, and more. If you have an online wallet or other variation (installable or hardware wallet), it's enough to pick a crypto-friendly operator and send your funds to a casino's address. Withdrawals are processed the same way. And you can be sure that these payments are secured, while strict limits per transaction are absent.

Skrill in CA online casinos

If you've heard about Neteller, you will agree that there is not much difference when it comes to Skrill (though it was launched in the UK in 2001). Today, these e-wallets belong to the same Paysafe Group and you can use them for the same operations. The only detail to consider is that some Canadian online casino bonuses aren't available when you deposit via these methods.

ecoPayz in CA online casinos

This UK-based payment method was launched in 1999. For now, Canadians use it for online transactions on different sites, including Canadian casinos online. You sign up and add a debit or credit card to the service to use it for future transactions. This way, you get an online wallet where your different cards are stored. It's good that you can cash out via ecoPayz. Plus, the service offers ecoVirtualCard, ecoAccount, and ecoCard products.

MuchBetter in CA online casinos

MuchBetter is another popular payment solution here in Canada. At first glance, it's just another e-wallet, but this time, you install an app to use it since the method is mobile-focused. Once the app is installed, you top up the account and use it for depositing at a CA online casino. Withdrawals are also compatible with this payment method.

PayPal in CA online casinos

As we've been talking about e-wallets, it's worth mentioning PayPal which is a well-known online casino payment gateway. It was established in 1998 as Confinity. Today, the service operates in 200+ markets, including Canada, and has 425+ million active accounts. Canadians are welcome to deposit and withdraw to online casinos at the lightning speed and with no fees involved.

ApplePay in CA online casinos

This online casino mobile payment option was introduced in 2014 and it's aimed at iOS users who add the details of their bank cards to the wallet. You use ApplePay for deposits only, but it's convenient that you save time not to add the bank details manually and use the service as a buffer between your bank and the online casino.

AstroPay in CA online casinos

The company itself was established in 2006 in the UK, and in 2009, it launched the Astropay Card service. This virtual card is available after registration and you get a 16-digit PIN code to use it for further transactions. Note that the prepaid AstroPay cards are valid for one year after being purchased and they expire then.

Citadel in CA online casinos

In 2000, the Citadel payment platform entered the market of online payments. It's also connected to large Canadian banks and when you join a CA online casino, the service can link your account with your bank so that you can deposit to a gambling site. However, it won't help you to cash out and you'll need to pick another option for this.

iDeal in CA online casinos

Users got familiar with iDeal in 2005 when this e-commerce payment system was established. As well as other options based on the connection between the bank and the merchant, iDeal allows gamblers to use it for deposits and withdrawals in gambling.

PaybyPhone in CA online casinos

It's great that different technologies are involved in fast online payments in gambling, so even a mobile phone can come in handy. In fact, when a Canadian online casino accepts this option, you simply make a deposit paying by your phone bill. And yes, it's true for deposits only.

Entropay in CA online casinos

The concept of Entropay is clear and helpful. If you don't have a bank card, Entropay creates its virtual replica that is safe and equipped with the same options. Yet, it's necessary to warn Canadians that the option has been cancelled in 2019. As for alternatives, gamblers can opt for prepaid cards and e-wallets.

When you know what optimal payment method to choose for your online casino transactions in Canada, you can be sure that your real money gambling experience will be convenient and safe. Fortunately, the Canadian iGaming market is rich in different convenient solutions. You can use various cryptocurrencies, opt for traditional methods like bank cards or simply purchase a prepaid card to make an instant deposit. Moreover, these transactions can be connected with a range of match bonus offers. Thus, you can choose the top online casino payment methods in Canada from the list on this page, relying on your budget and preferences.