Casino Payment Methods in Canadian Dollars

Online casino banking methods are used for both deposits and withdrawals, but there are so many methods to choose from! Payment methods can be confusing, especially for new players. With so many options on the market, I had so many questions, including:

Most Popular Online Casino Banking Methods

Have no fear! Casino Canuck is here to sort the good from the bad and the fact from the fiction so that I can help you make educated decisions regarding which online casino payment methods are best suited to your needs.

I have provided a quick snippet in the table below, along with in-depth descriptions of each listed method underneath:

	Payment Method	Type	Withdrawals
	Interac Online & e-Transfer	Internet Banking	Y
	Instadebit	Internet Banking	Y
	iDebit	Internet Banking	Y
	eCheck	E-Check	N
	Paysafecard	Prepaid card	N
	Neosurf	Prepaid card	N
	Flexepin	Prepaid card	N
	Mifinity	E-Wallet	Y
	MasterCard	Credit card	Y
	Visa	Credit card	Y
	Debit Cards	Debit card	N
	American Express	Debit card	Y
	Discover Card	Debit card	Y
	Entropay	E-Wallet	Y
	Payz	E-Wallet	Y
	PayPal	E-Wallet	Y
	MuchBetter	E-Wallet	Y
	Jeton	E-Wallet	Y
	Citadel	Internet Banking	N
	Trustly	Internet Banking	N
	Sofort	Internet Banking	N
	iDeal	Internet Banking	N
	Astropay	E-Wallet	Y
	Bitcoin	Cryptocurrency	Y
	Ethereum	Cryptocurrency	Y
	Apple Pay	Digital Wallet	Y
	Google Pay	Digital wallets	N/A
	Luxon Pay	E-Wallet	Y
	eZeeWallet	E-Wallet	Y
	Perfect Money	E-Wallet	Y
	SticPay	E-Wallet	Y

Credit and Debit Cards

Credit cards are a standard online transaction method and are trusted both physically and online. Using credit cards to deposit funds with an online casino works similarly as any other site that would use this method. 

There two basic options when using a credit card:

• Visa
• Mastercard

Visa is the more popular of the two and some casinos will also throw in a bonus just for using it. Mastercard works great for deposits, however in Canada I have found that it is not available for withdrawals at this stage.

It is recommended to not use whole numbers when depositing in a casino; for instance, to deposit CA$100, input CA$102.43 instead.

To use credit cards at an online casino, simply submit all the relevant card information including:

• Card number
• Card holder name
• Expiry
• CCV number
• Address

eWallets

eWallets, or electronic wallets, are very popular in Canada as they allow for safe and easy transactions at online casinos. The best part, in my opinion, is that they can be utilized without needing to provide any banking information to them. eWallets are becoming more popular than credit cards as they are more flexible, allowing me to add funds from numerous sources, including bank transfers.

I have listed below some of the most common eWallet payment methods I have come across when visiting online casinos within Canada:

• iDebit
• Instadebit
• MiFinity
• Apple Pay
• Google Pay
• PayPal 
• ecoPayz
• MuchBetter
• Jeton
• AstroPay
• eZeeWallet 
• Perfect Money

 Bank or Wire Transfer

Using bank wire to deposit or withdraw funds is also a popular banking method, supported by virtually all online casinos. Bank transfer can be a bit more labour intensive, from my experience, and payment times can be a bit longer. The upside to them is that I don’t have to share too much banking information with the casinos.

Instant Banking

Instant banking is similar to bank wire transfers but more direct! Instant banking lets me link my bank account directly to my casino account. I can use this method for both depositing funds and withdrawing winnings too! Payment waiting periods are also a bit longer than using eWallets.

Popular instant banking methods include:

• eCheck
• Interac Online
• Trustly 

Interac Online has taken over as our favourite payment method. This ubiquitous Canadian payment method is now available at a growing number of casinos. How cool is that. After years of having difficulty of finding a way to deposit at an online casino, the card that is in everyone's pocket is now available. In addition, you can also use Gigadat, Paydirect or Payper inc, which are Canadian third-party payment processors by Interac.

Prepaid Debit Cards

Prepaid debit cards, such as Vanilla Prepaid Visa, are another popular method for Canadians, especially those like me that don’t have a credit card or simply prefer not to use it for casino transactions.

Quite simply, prepaid debit cards can be bought at various physical stores and are pre-loaded with a certain amount of dollars. I buy the card, visit my online casino of choice, and select the specific prepaid card option for deposits.

The casino then requests the PIN number that comes with the card and the card number.

These are popular because I don’t have to give any banking or credit card information to the casinos; they are completely safe and fool-proof.

Popular prepaid cards include:

• paysafecard
• Neosurf
• Flexepin

Cryptocurrencies

With the increasing popularity of cryptocurrencies all over the world, there are also casinos that accept this payment method. Cryptocurrencies are basically a new form of money that's encrypted and maintained by a decentralized system using cryptography; definitely a learning curve for me, but once I got the hang of it, it was so easy to use. The most common crypto coins I have found include Bitcoin, Ethereum, Dogecoin, Tether, and Litecoin.

• Know more about what cryptocurrencies you can use today for online gambling.

Pay by Phone Bill Payments

It's not a new thing that in these days people all over the world prefer to use their mobile device over desktop computers; I for one use my phone when I am out travelling or simply relaxing on the couch. With modern technology, I can pretty much do everything I want from my mobile, whether it's paying bills online, managing a business, chatting with friends, or exploring any subject on the internet. When it comes to online casinos, one of the most popular payment methods that I recently discovered is Boku; a company that allows businesses to collect online payments through both pay by phone bill casino and mobile wallets.

Direct Deposits

Direct deposits are simple and fast to use for online casino transactions. I use direct deposits frequently as all I need is my account details and personal identification. This method is generally instantaneous after the initial deposit processing time, so using direct deposits for many transactions is a breeze!

Conversions

Trying to access a casino that does not cater to your currency can be quite stressful. Many online gambling sites that I have visited lately sport busy interfaces with little information on whether they allow foreign currency. Navigating these sites can become time-consuming only to discover that the deposit methods do not suit specific currency needs. Knowing how and where to properly convert currency can be confusing and miscalculations may occur in the conversion process, leading to depositing more money than intended or incurring an unforeseen loss upon withdrawal. Be mindful when viewing conversions and ensure it will not affect bankrolls immensely!

Withdrawing Winnings

Withdrawing winnings from a casino works slightly differently to depositing funds into a player account. While most casinos prefer the same method for both transactions, not all institutions allow this, such as with Mastercard, who allow payments to be made but do not allow withdrawals. If you're looking for fast and potentially a same day payout from the casino of choice, check out my dedicated list. Some withdrawal methods may also incur a fee, depending on the casino and bank, if any. 

Conclusion

With so many online payment methods available to Canadians, I found it so easy to deposit and withdraw at casinos both via mobile and desktop. Discovering all this information I have provided was also an easy task, so now Canadians can rejoice in easy identification of top transaction methods when gambling online!

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