Casino Payment Methods in Canada 2023
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💳 Credit and Debit Cards
When it comes to gambling, the most popular way to deposit is with cards. Credit and debit cards are so common because most people own a card or two, so they do not need to do anything extra like create an account or fund it. You can use Visa cards that are issued from your particular bank. It is necessary to note that there are charges attached to this method, so prepare for it.
To make your first gambling deposit, you would have to enter your card details, including the digits in front, the expiry date, and the CVV security code behind the credit card. These casinos would save these details for your next transaction and protect you from fraud.
💵 Prepaid Cards
If you are interested in more modern means of paying in casinos, you should be looking at a prepaid card. These are cards preloaded with certain amounts and used to fund your bankroll in your favourite casinos.
There are different prepaid cards to pick from, with some offering single-use and others working like debit cards, allowing you to top up severally. One place you can use a top-up card is a Paysafecard casino that allows you to enter the 16-digit code you purchase and recharge your bankroll with some cash or the total. Other popular casino deposit methods include:
- Visa Prepaid
- MasterCard Prepaid
These prepaid cards provide high security and anonymity because they are purchased independent of your bank account. There is also no need to submit any personal data, so you remain protected throughout. They work similar to debit and credit cards, so you can follow the same easy method to fund your bankroll.
Electronic wallets act as a secure gateway to move funds to your online casino account to allow you to make safe and secure transactions without any fear of being defrauded. This option may not be 100% convenient because you would be required to sign up and then fund the wallet. This usually means downloading an additional mobile application.
There are different service providers who offer e-wallets, and their services are globally accepted, Canada inclusive. You can decide to gamble using PayPal, Neosurf, or even the Skrill casino option. Using this method, you would get instant deposits to play games immediately.
Like every other option, there are some reasons why players do not like the method. These reasons include ineligibility for bonuses and transaction charges. The gambling site is likely to request a commission to release your winnings to your e-wallet, after which the service provider would charge you a certain percentage to transfer the cash to your bank. Just ensure you read the terms and conditions of the site before you pick e-wallets as your preferred payment option.
💸 Online Casino Bank Transfers
This is a tricky payment method because of the slow processing speed that is usually associated with it. Unlike the features you would enjoy gambling in a Neteller casino site, this option can take a long time to complete your deposit and receive your payout. If you are down to wait, though, you can get high limits here.
With some luck, your preferred gambling site may offer an instant bank wire transfer. Some services include:
The instant option would process the transaction speedily, allowing you to start your gameplay almost immediately. Alas, they are not among the accepted means of withdrawing, so you may need to find another option for withdrawing your winnings from the casino.
📱 Mobile Payments
Mobile casino betting is the more popular way to enjoy the gameplay online because it allows you to play these casino games whenever, wherever. If you enjoy playing at these mobile casinos, you will enjoy a mobile option.
You can transfer funds to the casino using your phone number. If the phone bill casino allows players to use these deposit possibilities, they can easily use one of the available services. If you are looking to pay by phone, you should try to use a popular and widely accepted option.
For example, the Boku option allows players to transact using their phone numbers. You just need the mobile number from the betting site, and you can easily deposit cash using your monthly bill, and it can then be paid later on.
This option can be done quickly and easily, but it is not always available, so check that the casino accepts it.
🥇 Bitcoin Payments
This option is eligible for welcome bonuses, and a cryptocurrency casino would even offer exclusive bonuses to players who use this option. When it comes to transaction limits, you will get higher limits at a Bitcoin casino you pick. You would have to purchase Bitcoin from a crypto exchange, store it in a wallet, and then transfer it to the site.
BTC payments are not widely accepted, so you should check the terms and conditions to confirm. Also, this decentralized currency is highly volatile, so changing from BTC to fiat and back may increase or reduce its worth.
💰 Fees and Limits
Now that you know these popular online casino payment methods and their features, you must be curious to know the limitations they may have and what charges, if any, exist.
Below, you will find a table with this information, including the processing time for each option. The fees and limits are only estimates because each site has its features.
|Method||Fees||Limits||Deposit Speed||Payout Speed|
|Bank Transfer||None||C$100 – 50,000||1 – 3 days||3 – 5 days|
|Visa||None||C$5 – 20,000||Instant||1 – 5 days|
|MasterCard||None||C$5 – 20,000||Instant||1 – 5 days|
|EcoPayz||Up to 2.9%||C$5 – 5,000||Instant||Instant|
|Bitcoin||None||C$5 – 20,000||Instant||Instant|
|PayPal||None||C$10 – 5,500||Instant||Less than 24 hours|
|Paysafe||None||C$5 – 779||Instant||Less than 24 hours|
|Skrill||None||C$10 – 5,000||Instant||Less than 24 hours|
|Neteller||None||C$10 – 5,000||Instant||Less than 24 hours|
🔒 Security and Safety of Casino Banking
There are different security features that a payment option may provide to make it stand out. The blockchain that Bitcoin operates on makes it so that you do not even need to submit your personal details to the site before you can play.
Perhaps you prefer to bank on the secure gateway your bank provides between your account and the betting site itself. You even get high levels of fraud prevention and advanced protection when you decide to try Visa or Mastercard casino gambling. Not convinced? Use prepaid cards that keep you completely anonymous, allowing you to transact easily and securely.
Our expert review team has tested these online gambling payment methods to ensure they are reliable. Although all of these Canadian online casino methods offer some level of security, some are safer than others. Ensure you do proper research into which would favour you the most.
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Picking the right payment method might be difficult, but we hope this detailed guide has put things in perspective for you. You should now know the features of these popular casino deposit options and whether they suit your preferences.
Are you ready to fund your bankroll and play exciting games? You can read through the best online casino reviews to find which site offers your preferred option. Remember to read the terms and conditions of the casino, including its limits, bonuses, and licensing, before you settle for the gameplay on the site.