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Most online casino websites aim to make things easy for players. Whether this means having 24/7 support, dedicated mobile applications for accessibility, or a long list of payment methods, all these factors improve the experience.
And having a variety of safe and trustworthy payment providers is one of the best features of a solid online casino. A choice of providers means you can use what is comfortable and what you know and trust.
For Canadian players, this is incredibly important because there are so many payment providers available. To help narrow this list down, we’ve found the very best payment methods to use in Canadian online casinos. Keep reading to find out which ones you should look out for.
It should come as no surprise that the number one deposit method is Visa and Mastercard. While usually mentioned synonymously with each other, these are actually two different providers. However, they typically occur together as supported providers on most online casinos.
Visa is the biggest card issuer in the world. The company was formed in 1958 and is based in California. As of early 2022, the company was responsible for over 336 million bank cards worldwide and processes the majority of transactions in a given day.
Not far behind is Mastercard. Founded in competition with Visa, the company has been around since 1966 and takes care of approximately 231 million bank cards. The headquarters of this payment behemoth is currently in New York state.
Both card issuers provide both debit and credit cards. Unlike in some other countries, debit and credit cards can be used to credit your player account on any Canadian casino website. These deposits are usually immediate and let you continue playing without delay.
Founded in Toronto in 1984, Interac allows you to make instant payments right from your bank account to your chosen online casino. You, therefore, don’t have to waste any time waiting for funds to clear before you can chase Lady Luck.
While many players may be sceptical about entering their banking details online, especially in today’s modern world, Interac provides a safe platform to do this. Instead of providing your details directly on a casino site, you do so through an Interac gateway. The money is then transferred from your bank account to your player account quickly and securely. Because of this, you get peace of mind and can just enjoy playing.
A bonus is that Interac supports over 250 different Canadian banks. Regardless of who you bank with, any casinos that accept this fantastic payment method make it easy to get your funds into your player account.
Like Interac, INSTADEBIT lets you log directly into your bank account to deposit to your chosen online casino. Because of how it operates, funds moved using this provider are usually readily available as soon as your bank approves your transaction.
Founded in 2003, INSTADEBIT is a bit newer than the other payment providers on this list, but it has made a name for itself as a safe and reliable transaction processor. It also hosts support for multiple Canadian banks and offers fantastic customer support on the off chance something goes wrong.
Founded initially as Confinity, PayPal is one of the world’s most recognized names in payment processing. The company was launched in California in 1998 and has expanded to more than 200 countries. It is, therefore, no wonder that these PayPal casinos offer this provider as a prominent way players can deposit funds into their player accounts.
Rather than bridging your bank account like some of the providers mentioned above, PayPal acts like a digital wallet and much more. You can add money into this wallet and use it to deposit funds into your player account, or you can simply use PayPal to process your payment using a bank card or alternative account.
Because of its almost non-existent service fees, many Canadians use EcoPayz as their preferred payment provider. It also helps that the company behind this payment method has been operating since 2000, making it one of the oldest e-wallets.
Like PayPal, EcoPayz lets you store money in a digital wallet (or e-wallet). You can put cash into your EcoPayz wallet using several ways. Once this money is there, you can quickly transfer it directly into your player account on your favorite online casino.
Since 2001, Skrill has been offering secure payments for those using online casinos and e-commerce websites. Originally founded under the name Moneybookers, Skrill is now available in 131 different countries.
Like other e-wallet services, you’ll need to provide funds in your Skrill account before depositing to your casino player account. Funding your Skrill wallet can be done using any supported payment method. Once your money is in your e-wallet, you can quickly and easily transfer it to your preferred casino.
Wire transfers operate in much the same way as those offered by Interac and INSTADEBIT. They allow you to transfer money directly from your personal bank account into an online casino account. However, because the casino needs to know that the funds are yours, you’ll need to provide them with your banking info.
Because of this requirement, wire transfers aren’t as safe as any of the other payment methods already mentioned. It also could lead to delays as your funds first need to clear into your online casino account and then be allocated to your player account by the casino’s finance department.
Another downside is that wire transfers can cost between $15 and $50, which makes them useless for smaller deposits.
Also known as an Electronic Funds Transfer (EFT for short), eChecks mimic writing a physical cheque. This cheque, which is made and submitted online when you use it as a deposit method, is then queued to be processed by your bank. When the moment arrives, the money will be moved from your account to the casino.
Like standard cheques, this type of payment comes with significant delays. In fact, it could take up to eight days for the money to clear—meaning you’ll be losing out on valuable playtime.
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