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Daniel King

Online Casino Payment Providers Guide 2021

Author: Daniel King | Posted on: 2021-03-25 | Last updated on: 2021-08-06

Before we delve into the business of the day – casino payment methods, let’s examine online gambling history in Canada, briefly, of course. Canada-based players, in times past, were not within the law’s ambit to partake in any gambling activity. However, 2009 saw a dramatic change in proceedings as Canadian authorities legalized gambling, but with a catch. Each province’s governing body had to decide whether or not their residents could partake in any gambling form.

Fast forward to 2021: online gambling has taken another dimension as Canadians can place wagers on their favorite casino games, all thanks to a plethora of casino payment options at their disposal.

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That said, if you’re new to the gambling scene, you’ll require a deposit method that’s reliable to fund your casino account without any reservations whatsoever. Typically, Canadians use similar casino deposit options on other wagering platforms as it’s simpler and less time-consuming.

In the following paragraphs, we’ll focus on the different casino payment methods that are safe for Canadian Residents to make seamless deposits and withdrawals. Are you buzzing to know more?

Canadian Online Casinos: Types of Deposit Methods

Fortunately, Canadians have several deposit alternatives to choose from, and that’s a welcome development. Here, we’ll be taking a closer look at some popular deposit methods, including:

Debit and Credit Cards

With so many casino payment methods available to Canadian gamblers, credit and debit cards usage rank high. However, most Canadians use debit cards to fund their casino accounts.

So, why are they famous?

This payment alternative ranks high when it comes to safety and transaction speed.

To make deposits across Canadian online casinos, you’ll need to register your debit card by inputting the card number, expiry date, and Card Verification Value (CVV).

You shouldn’t feel concerned about data privacy as your details are encrypted upon entry. However, always make sure to use these details at licensed and regulated casinos.

After an initial debit card deposit, making subsequent deposits should be hassle-free as there’s no need to input card details anymore.

Regardless, to authorize transactions, you’ll need to input a security code (a One Time Password in most cases) or your CVV.

Some notable credit and debit card mentions include:credit and debit cards

  • Visa
  • Visa Electron
  • MasterCard
  • Maestro

Visa

Known as a global payment alternative, Visa gamblers may enjoy charge-free transactions, except in scenarios where an online casino explicitly states that they charge for withdrawals..

It’s also crucial to note that some online casinos could automatically place Visa as the default withdrawal method when you use debit cards for deposits.

Visa Electron

Besides the naming scheme, Visa Electron works the same way as other Visa card variations. With Visa Electron, gamblers can’t make transactions that doesn’t conform with their balance. This debit card service also offers charge-free transactions.

However, it’s worth noting that although Visa Electron is accepted at online casinos, some physical and online Canadian stores might not feature this debit card as a payment medium.

MasterCard

Canadians can use a MasterCard debit card to fund their casino account at any online casino that features “MasterCard” as a payment medium. MasterCard is a popular option amongst gambling Canadians due to its safe and secure nature.

Maestro

Founded in 1992, Maestro is another offering from MasterCard. Specialising in debit services, Maestro is another popular option globally as it features over 15 million transaction points that are available in.

Payment Methods Available in Canadian Online Casinos

E-wallets and Prepaid Cards as Casino Payment Methods

casino deposit

Currently gaining traction as one of the most popular Canadian casino payment options, PayPal leads the pile when it comes to casino account deposits. However, there are other options, including:

  • Paysafecard
  • Skrill
  • ecoPayz
  • Neteller

PayPal

Currently setting the pace for other e-wallet and prepaid card options, PayPal is an excellent way to make a casino deposit. However, you’ll have to link your PayPal account and your bank card to make seamless transactions, deposits inclusive. For players looking to receive casino funds quickly, PayPal also offers casino instant withdrawals.

Paysafecard

Paysafecard is another digital payment option that’s becoming increasingly popular amongst Canucks. Here, as a safety precaution, players don’t have to share any private information.

Although Paysafecards can come in a physical variation, Canadian-based gamblers can acquire them as an electronic voucher.

These vouchers have different monetary values with each featuring a 16-digit pin. Once you purchase a voucher and input the correct pin when making casino deposits, funds are instantly transferred to your wagering account.

Skrill

Across multiple Canadian online casinos, Skrill is almost always a featured payment method.

What’s more? They operate within Canadian gambling rules and regulations, making them rank high amongst the safest casino payment methods.

Bearing similarities with other e-wallet variations, players would have to load their Skrill account first before making deposits.

Neteller

Although most Canucks might love “Nutella,” Neteller is distinct, as it’s a payment method from the PaySafe group. This option has the edge over other e-wallet and prepaid card variations since it accords patrons simple usage.

Here, players can use the “Net+” card to make deposits and withdrawals on their casino accounts.

ecoPayz

ecoPayz is another payment alternative gaining traction in the Canadian online gambling scene.

With ecoPayz, Canucks have the luxury to receive and send money in multiple currencies, all at once, using “ecoAccount” as an encrypted transaction point.

Bank Transfers

casino payment

Most Caniadian iGamers view bank transfers as old, traditional, archaic, and any other synonym that comes to mind.

Here, gamblers would have to input a source code, bank account number, and deposit value to make deposits into their casino accounts.

Although it isn’t the worst choice in the world, let’s take a look at two bank transfer forms Canadian-based players should expect if they’re looking to deposit funds.

  • Bank Wire transfers
  • Instant bank transfers

Bank Wire Transfers

Like we’ve established, this deposit medium should come to the fore when Canucks have tried other casino payment methods without success.

Here, if you don’t mind having to wait for long periods for funds to appear on your casino account, you might want to give this option a try.

Instant Bank Transfers

Unlike bank wire that involves the physical money exchange for casino deposits, instant bank transfers are a tad bit faster.

For this to work, your financial institution has to authorize the transfer directly from your bank account to the casino account.

However, this option isn’t all smooth sailing as they can feature long wait times in cases whereby funds aren’t cleared in time.

Pay By Phone

Interesting, right? Now, Canucks can use their network providers to make payments. Although this might sound confusing at first, let’s put things into perspective, shall we?

Here, players can transfer funds to their casino accounts with their network provider. When payment is confirmed, this transaction value is added to their phone bill, which is to be paid monthly.

Although this deposit alternative might not feature a transaction charge, players must peruse the terms and conditions binding to the Canadian wagering platforms offering this payment option.

Some notable mentions include;

  • Boku
  • Payforit
Note: These examples are creations by network operators to foster seamless transactions.

Deposits and Withdrawals: Casino Payment Options

Although all the payment alternatives mentioned above are available for deposits, some mediums aren’t available for withdrawals.

The table below aims to give answers on what payment methods accommodate deposits, withdrawals, or both.

Payment Method Deposits Withdrawals
Visa Yes Yes
MasterCard Yes No
Maestro Yes Yes
Paysafecard Yes No
PayPal Yes Yes
Skrill Yes Yes
Neteller Yes Yes
ecoPayz Yes Yes
Bank Transfers Yes Yes
Pay By Phone Yes No

Casino Banking Features: What Players Should Look Out for Before Choosing a Payment Method

casino card

Choosing a suitable payment alternative can make your gambling journey smooth sailing for the most part.

Before selecting a payment medium, make the following considerations:

  • Make transactions with options that are safe and secure.
  • Go with payment options that are accepted across Canadian wagering platforms.
  • Always check for hidden charges as there’s a tendency that some online casinos might add fees, depending on the payment alternative.
  • Choose casino payment methods that accentuate your gambling needs in terms of minimum and maximum limits.

Conclusion

To enjoy your wagering journey, the casino payment option you choose plays a determining role.

Although there have been several alternative casino banking alternatives popping up in recent times, we’ve handpicked some casino payment methods that are sure to tally with gamblers and their needs.

That said, always go with payment methods that you can trust as no one wants to be at the receiving end of scams and other negative repercussions.

The ball’s in your court! Choose a method that you can trust and begin your gambling journey without any reservations whatsoever.

FAQ

Am I Eligible for Casino Bonuses With Every Payment Medium?

No. With most casinos giving a Welcome Bonus to new players regardless of payment option, some wagering platforms might exempt some casino banking variations from bonuses and other promotions. To ensure you aren't caught unawares, endeavor to read the terms and conditions binding to a casino.

Are There Deposit and Withdrawal Limits?

Yes, they are. This caveat is to ensure that gamblers don't partake in money laundering schemes and other fraudulent activities. However, the limits on show at most Canadian online casinos are pretty realistic.

What is the Most Secure Payment Method at a Casino?

Although all payment options at licensed and regulated online casinos are safe, Canucks prefer debit cards for their end-to-end encryption.

Are Casino Deposit Methods Also Available for Withdrawals?

No. Although most payment methods offer deposits and withdrawals all at once, you'll have to check if your preferred deposit method is available for withdrawals at the casino's banking page.

What Should I Do if I Have Difficulties Making Deposits?

Although this issue can be frustrating, speaking to a customer care representative could be crucial in pointing you in the right direction. The top Canadian casinos have 24/7 customer support, which means that you can air your complaints anytime.