Casino Payment Methods
A vital factor when joining a casino is choosing a suitable and safe payment method, since real money is being transferred. However, with so many options to sort through it’s not always easy knowing which one is the most advantageous for you.
Below, we’ve composed a selection of the best payment methods for those who aren't certain of where to start.
Recommended Canadian Casinos by Deposit and Withdrawal Methods
Popular Payment Methods in Canada
Visa is the most popular credit/debit card in the world and was founded back in 1958 in Fresno, California. As many as 19,500 people are working for Visa today and there are approximately 1.1 billion VISA credit cards in circulation globally. Visa is a common payment method found at almost every online casino.
Another player favourite is Mastercard, a credit card company that has been around since 1966. Mastercard is widely used at online casinos for both deposits and withdrawals. It’s easy to manage and it offers instant deposits, while withdrawals usually take a few business days.
Formerly known as Moneybookers, Skrill was established in 2001 by Daniel Klein and Benjamin Kullmann. The neat thing about eWallets such as Skrill is that you don’t have to reveal any banking details when you make a deposit, all you need is your Skrill email.
Neteller is very similar to Skrill. They’re both so-called eWallets and have the goal to provide secure and quick transfers online. Neteller started its journey in 1999 and has since served satisfied customers from around the world. Casino consumers in particular love Neteller because of the anonymity it enables.
PayPal is one of, if not the biggest player in the online payment industry. The company was founded by superstar entrepreneur Elon Musk together with the likes of Peter Thiel and Ken Howery. You’ll find PayPal in a large selection of online casinos and its service usually comes without any additional fees.
Casino sites, will – in most cases – also let you transfer funds directly from your bank account. This option is useful for those who simply don’t know how to use eWallets or other more “advanced” banking options. What you need to remember is that wire transfers often include a small fee.
InstaDebit is a bank-based payment method for Canadian users. This company has been around since 2003 and is commonly used by online casino enthusiasts and poker players. Due to its lack of extra fees, many Canadians prefer InstaDebit over other methods such as Skrill or Neteller.
Bitcoin is a new digital currency, or cryptocurrency if you will, and it was created by a person who goes by the alias Satoshi Nakamoto. Bitcoin is not as big as the ordinary payment options, but its user base is growing rapidly.
An eCheck or electronic check is a digital version of a paper check that can be used to make payments online. It is one of the more popular payment methods at Canadian online casinos.