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Deposit Options

Which casino banking options are the best for Canadians and why?
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Casino Deposit Methods

Canada is one of the most secure places in the world to play casino games. The casinos are highly rated, operate fairly, and regulated by the government. They use convenient payment options, so the players can have a safe and comforting experience.

Here is a guide on how you can stay protected when playing in an online casino, through the secure payment methods available in Canada.

How to Choose the Right Casino Payment Option

E-Wallet 

E-wallets are a convenient option for players who are sceptical about adding their bank accounts on a casino site. These accounts act as an intermediary between the casino and the bank, so you can transfer the money to the casino account without disclosing your account details.

Eco Payz is very safe and has a lot of security methods to protect your transactions. Valid across all major casinos across Canada such as Sloty, Genesis, SIA, etc.

Interac 

Interac is an interbank network based in Canada. In Canada, Interac serves as the debit card system and is used to create valid transactions to and from casinos safely and securely. It is a standardized payment option offered in all major casinos. Read more about Casinos that accept Interac.

Credit/ Debit Card Options

Mastercard and Visa have been major gateways for many players to transfer money into their account. However, the chances of the bank rejecting a transaction through these methods are high. Financial institutions have been cracking down on online gambling, and therefore the transactions are monitored.

Suspected transactions to any gambling website can be subject to cancellation. Although it is common to come across these payment methods when you are playing in an online casino, it is better to use an alternative to ensure your transaction gets completed. E-wallets are a great way to bypass the connection with the bank.

Prepaid Options 

If you don’t have a credit or debit card or don’t like using an e-wallet, pre-paid cards are a great option. These cards can be bought from any retail vendor. They come with a pin that you can add to your banking module and then send money to this card to use in a casino of your choice.

Most Paysafecard casinos accept Paysafecards. The other popular cards include vanilla prepaid, Neosurf, Revolut, AstroPay, Flexepin.

Before buying a pre-paid card, check the payment options that are available for the casino where you are playing. It’s best to buy the pre-paid card that is accepted in the casino where you frequently end up paying.

Direct Bank Transfer 

Bank wire transfer is a fast way of sending money to your casino account, and it is almost always free of charge. If you have good communication with your bank, and payment to casinos is accepted, then this is a good option for you.

For this, a player will first have to connect with the bank, provide the details of a wire transfer, and then arrange a transfer. The details of the wire transfer can be found on the payment section when you are trying to make a deposit.

The major plus point about this is, you don’t have to save any of your personal or account details in the casino to conduct wire transfers. Here are the Canadian banks that accept wire transfers –

  • Bank of Nova Scotia

If the casino you are playing at operates through a Crown corporation like EspaceJeux used in the Quebecers casino or PlayNow for players who live in Manitoba or British Columbia, then this bank is a valid option to conduct your payments.

  • Bank of Montreal

BMO is one of the few banks that does not have too many restrictions for conducting offshore gambling transactions. The bank treats these transactions like any other cash transaction and it is pretty much the same as a traveller’s check.

This means you can transfer from BMO through wire transfers, money orders, traveller’s checks, gaming transactions, etc.

  • Canadian Imperial Bank of Commerce

CIBC is a little trickier because they have the right to not process any transaction linked to gambling. You can see the same added in their credit card contract. However, many players use this, and the transactions also get through successfully. If you don’t have any other payment option, try this.

  • Royal Bank of Canada

The RBC also discourages payment to gambling sites but works fine when connected through a third-party service like an e-wallet. You can add this to your e-wallet.

  • Toronto-Dominion Bank

TD Bank is strict about blocking casino transactions, but they do fund e-wallets or other methods of sending funds to the casino account.

Bank Cheque 

Bank cheque or e-cheque are good options if your bank accepts these payment methods from a gambling site.

CryptoCurrency

Bitcoin and other cryptocurrencies are other most widely accepted payment methods. If your chosen gambling site is new, chances are, your casino is one of the Bitcoin Casinos. Dogecoin, NTX, or the Mastercoin will also be accepted as a payment method. Check this from the payment options of the casino to ensure you have the facility.

Casino Identity Verification 

FAQs 

🙋‍♀️ What is the best payment method for Canadians?

Interac or any other third party e-wallet works great for online casino payments because you can always switch out of one. If any of the payment methods becomes unavailable for your casino, you can simply choose another e-wallet to conduct transactions.

❓ Can I play in my local currency using all the payment options?

If you are a Canadian player, the chances are that CA$ is widely accepted in CAD Casinos. If you are from the US, it will depend on the casino to accept foreign currency. Find out the currency details and conversion details from the casino policy page.

💸 Which payment methods allow for a fast withdrawal?

E-wallets, cryptocurrency, and bank wires are pretty instantaneous. You can learn more about the charges and payment processing time for your selected method at the casino.

💰 Can I use the same method to deposit and withdraw?

Yes. Most casinos will allow you to use the same payment method for deposit as well as withdraw, except Paysafecard.

🎖️ How do I make sure I use the best payment method?

If your bank accepts bank wire transfers, that is great news because it is one of the most trusted ways you can ensure your money gets where it needs to be, without disclosing any of your financial details anywhere else.
E-wallets and pre-paid cards are also great options for players who don’t want to add their card details in the casino. You can simply select the e-wallet or buy a pre-paid card from a retailer and avoid disclosing your financial details anywhere. Mastercard and Visa can seem like the quickest and painless methods, but the problem with these will depend on whether you want to add the card details on the casino page. Also, sometimes gambling transactions end up getting rejected through these payment methods. So, pick amongst any of the above fast payout casinos, depending on which suits your interest.