Casino Deposit Options Available to Canadian Players
| Updated: Canadian gamblers, much like gaming aficionados in the rest of the world, have taken quite a liking to remote casinos. Websites that cater to iGaming enthusiasts have therefore started to gain more ground in Canada over the past few years, with many players making the switch from brick-and-mortar casinos to interactive ones. If you are considering doing the same, do keep in mind that you will need to find an online casino that is not only reliable but also supports Canada-friendly payment solutions.
Of course, for many players, this is easier said than done. Those new to the concept of wagering online tend to fret over many potential issues and often feel uncomfortable about handing over some of their banking data to make casino deposits. Some gamblers are also wary of undisclosed fees or the potential issue of a payment solution not enabling them to manage their funds with ease.
While the aforementioned fears are not entirely unfounded, we can assure Canada-based gamblers that as long as they go with a reputable casino, they will have an excellent time both depositing and cashing out of their casino accounts. It is, of course, also crucial to choose a secure payment method.
If the idea sounds appealing but you are not sure where to start, the good news is that you have more than one string to your bow, as you can choose from various convenient and reliable payment solutions. It goes without saying that this will work to your advantage, as you will be able to go with the option that suits you best and that will allow you to manage your funds effortlessly. In this article, we will elaborate on some of the most well-liked casino deposit methods for Canadians.
Best Payment Solutions for Canadian Players
Currently, casino mavens who live in Canada can greatly benefit from the technological advancements that have characterised the iGaming market in the past few years. Canada-based gamblers can play casino games on almost any device, be it their personal computer, tablet, or smartphone. Most importantly, they can choose from a host of payment methods when they want to top up their account. Even though most web-based casinos strive to offer as many banking solutions as possible, it is always a good idea to examine a casino’s cashier prior to signing up.
Some of the payment methods that enjoy the greatest popularity among gambling aficionados from Canada include credit and debit cards, prepaid cards, digital wallets, and bank transfers. There are also several payment services that have been designed to satisfy the demands of Canadian players exclusively.
Instadebit
While talking about the most preferred Canadian casino deposit options, we should not forget to mention Instadebit. The banking solution is favored by avid casino fans because it allows them to make both deposits and withdrawals, which gives it a decided advantage over some of the other payment methods at players’ disposal. What further adds to Instadebit’s merits is that gambling aficionados will have their funds credited almost straight away, enabling them to immerse themselves in the casino games they fancy right off the bat.
It is worth noting that Instadebit is not a digital wallet, which means that Canadian gamblers will not be able to deposit funds directly into their Instadebit account. In essence, Instadebit provides the platform that allows users to transfer their funds to a merchant’s account directly via their bank account. Most importantly, the payment service will also allow you to transfer your funds from your bank account to your casino balance.
Gambling aficionados who have made Instadebit their casino payment method of choice should bear in mind that, in order to take advantage of this banking solution, they first need to establish an Instadebit account. There is no need to fret over this, as the registration process will take only a few minutes. Casino fans should be aware that while setting up their Instadebit account, they will be asked to provide some basic personal data such as their name, address, date of birth, a valid email address, and the last four digits of their SIN. Some basic information regarding their bank account will also be required. If you feel reluctant to hand over all this personal and banking information, rest assured that Instadebit will keep this data secure and will not share it with any third parties.
Once you have subscribed, you need to wait until your identity is verified, which is not a time-consuming process. Once this is done, your Instadebit account will be ready for use.
It is important to note that when you sign up for an Instadebit account, a small amount will be deducted from your bank account balance and transferred to your Instadebit account. Generally, this sum is a mere $2, and the aim is to verify your account. Canadian gamblers should also keep in mind that when they set up their account, fixed transaction limits will apply. These limits will be increased after the verification process is complete.
If you have found a web-based casino that accepts payments via Instadebit, the next step is to log into your gaming account and visit the cashier page. Once you have opted for Instadebit as your preferred payment method, a pop-up window will appear and you will be asked to log into your Instadebit account in order to finalise the payment. The transaction will be carried out almost right away, and the funds will be deducted from your bank account and credited to your casino balance within minutes.
Visa Cards
If you are not a complete rookie at gambling, you likely know that Visa ranks among the most preferred payment solutions. Indeed, a large number of web-based casinos facilitate payments via credit and debit cards of the brand, meaning that you stand a good chance of finding a decent casino that accepts payments via this banking solution.
The best thing about these cards is that they are accepted in more than 200 countries and territories, which will give you the chance to purchase goods over the Internet and, most importantly, to transfer funds to your gaming account effortlessly.
Gamblers who live in Canada can obtain Visa-branded cards from numerous banks. If you are among the gambling aficionados who feel most comfortable using their credit or debit card when they wish to load their casino account, you need to visit the Canadian Imperial Bank of Commerce, Chase Canada, Home Trust Company, Industrial and Commercial Bank of Canada, Laurentian Bank, Desjardins, Royal Bank of Canada, Scotiabank, TD Canada Trust, Vancouver City Savings Credit Union, or Vancity Community Investment Bank to obtain such a card.
Once you have obtained your Visa credit or debit card, you just need to find the web-based casino that suits you best. In fact, casino players from Canada are highly unlikely to face any troubles while looking for an online casino that accepts payments via Visa, as it is one of the most versatile payment solutions available. After you have established your gaming account and wish to top it up, you simply need to visit the banking section. You will then be asked to provide some additional information that includes your name, the card’s expiry date, its number, and its security code, which is also known as the CVV. The last thing you need to do is to enter the amount you wish to deposit and wait until the transaction is confirmed.
Canadian players who have used their Visa-branded credit card should be aware that the transaction will appear on their next statement. Still, one of the major downsides of using your credit card while gambling is that you can easily lose sight of the amount you initially intended to spend and squander your funds. Canadian gamblers who are prone to overspending can instead use their debit card, as it will allow them to curb their spending.
If you are inclined to overspend, you will be pleased to learn that you can also make use of prepaid Visa cards. The way these cards function is straightforward: gamblers domiciled in Canada simply need to obtain such a card from a financial institution and, after that, they can use it for various purposes, including wagering on the Internet. It is important to note that, in most cases, you will be allowed to reload your card with a specific amount. One of the best things about these cards is that you are not even required to possess a bank account in order to take advantage of them.
Mastercard
Mastercard also ranks among the most sought-after payment solutions in Canada, which is anything but surprising, as it is characterised by both speed and security. In addition, Mastercard is among the most widely accepted payment methods across the web, which makes it an even more appealing option.
In the event that you have not acquired a Mastercard yet, you will be able to do so by visiting ATB Financial, Bank of Canada, Brim Financial, Capital One, CIBC, BMO Bank of Montreal, Canadian Tire Bank, Desjardins, CUETS Financial, National Bank of Canada, Rogers Bank, RBC Royal Bank, MBNA, People’s Trust, or Walmart Canada Bank.
Available in more than 200 countries around the globe, Mastercard also provides its customers with debit, credit, and prepaid cards. As far as prepaid cards are concerned, they can be found in a wide array of financial institutions and merchants, meaning that you can easily obtain one. Once you have used up all the funds on the card and wish to reload it, you will be able to do so by visiting the financial institution that issued the card or the merchant from which you obtained it.
Canadian casino players who want to use their Mastercard-branded credit or debit cards to load their iGaming accounts with cash just need to navigate to the banking section of the interactive casino, where all supported payment methods will be listed. You simply need to select Mastercard as your banking solution of choice and provide the required details.
Once again, casino lovers will be asked to enter their name, the expiry date of their card, its 3-digit CVV code, and the card number. Gamblers should also decide on the amount they are willing to transfer to their account and, last but not least, confirm the transaction itself. One of the best things about using your Mastercard to fund your gaming account is that your funds will be visible in your balance immediately, which means you can revel in the casino offerings you are fond of straight away.
Canadian casino lovers should be aware that some casino operators will not allow them to withdraw their funds to their Mastercard, which is why it is important to check what cashout solutions are available in advance, before you create an account. Despite this potential setback, the payment solution remains one of the fastest and most straightforward ways of uploading funds to your gaming account, something that will certainly be appreciated by Canadian gamblers.
Paysafecard
Paysafecard is yet another payment method you can choose when you want to make a casino deposit. Paysafecard is among the most popular banking solutions online, especially when it comes to remote gambling. This payment service allows Canadian casino lovers to make payments easily, quickly, and, most importantly, without disclosing any of their banking or personal details.
If you are not familiar with this banking solution, you should know that Paysafecard is a prepaid payment method, which means that you need to purchase a card in advance. Canadian gamblers are not required to possess a bank account or set up additional accounts if they wish to give their balance a boost via Paysafecard. Instead, they just need to visit one of the 600,000 sales outlets and buy a prepaid card, or purchase one online. Casino lovers should know that Paysafecard is available in several denominations, including $10, $30, $50, $100, $150, and $200.
Some of the best things about using Paysafecard for gambling purposes are that your privacy is guaranteed because, while making a deposit, you do not need to enter any personal information, credit card, or bank account details. In addition, gambling aficionados will appreciate the fact that payments via Paysafecard are simple and instant, so you can start placing your real-money bets straight away.
In essence, the way Paysafecard works is simple: once you have navigated to the payment section of your casino and selected Paysafecard as your payment solution of choice, you just need to provide the unique 16-digit code of your prepaid card. Once you have done this, the chosen amount will be transferred to your balance.
Despite the fact that Paysafecard has several undeniable perks, a major downside remains that interactive players cannot send their winnings back to their prepaid card.
iDebit
Another payment solution that is extremely popular among Canadian gambling aficionados is iDebit. The main reason for this is that the payment solution functions in a straightforward manner because it is simply the middleman that will help you transfer your funds from your bank account to the web-based casino where you have established your gaming account. This means that the banking solution will allow you to make secure, real-time payments without handing your personal or banking information to the casino operator, which will definitely appeal to more security-conscious interactive players.
Prior to making use of the payment solution, gamblers will need to set up an account, as this will also allow them to withdraw their funds using the service. While signing up for an account, you will be asked to provide some personal information such as the last four digits of your SIN, your name, address, date of birth, and a valid email address. It is worth noting that you should double-check the information you have entered because any mistakes can result in the termination of your account.
It is also important to note that the banking solution offers a demo version, which means that you will be able to take advantage of iDebit even if you do not possess an account. The problem is that if you decide to make a payment using the demo version, you will not be able to cash out your winnings via the payment solution. Still, this option is a great opportunity because it will enable you to decide whether this payment method suits you.
Canadian gambling enthusiasts should be aware that they will be allowed to transfer their funds via iDebit as long as they have an account with one of the following banks: the National Bank, Royal Bank of Canada, Desjardins, Canadian Imperial Bank of Commerce, Bank of Montreal, Scotiabank, and TD Canada Trust.
Making a deposit to your web-based casino of choice is a simple process as well; you just need to go to the banking section and select iDebit as your payment method. Then, a pop-up window will appear and you will be asked to log into your iDebit account and select your bank. Once you have confirmed the payment, your funds will be transferred to your gaming account immediately.
ecoPayz
EcoPayz, which was recently rebranded to Payz, is yet another banking solution that can be found in a plethora of Canada-friendly interactive casinos. The banking method is available in more than 30 countries and will allow you to carry out transactions over the Internet with the peace of mind that third parties cannot gain access to your sensitive information.
In fact, ecoPayz is a digital wallet, which makes it an extremely efficient and reliable payment method. If you want to manage your funds via ecoPayz, you will first be required to set up an account, which can be achieved in a matter of minutes. You will then be asked to provide your name, address, date of birth, and email address. You will also need to select your country, choose a currency, and provide your phone number. Once you have filled in the form, your account will go through a verification process, after which it will be ready for use. It is important to note that there are Classic, Silver, Gold, Platinum, and VIP accounts, and the level of your account will depend on your activity.
Loading your casino account with cash using ecoPayz is simple: you need to visit the banking section of your web-based casino and pick ecoPayz as your preferred payment method. After you have done this, you will be taken to the website of the payment service, where you will be required to log into your account. The next step is to enter the amount you wish to deposit and approve the transaction. Payments via ecoPayz are processed immediately.
One of the ecoPayz features that Canadian gambling aficionados can greatly benefit from is that the payment solution is also available for withdrawals, which further adds to its merits.
Interac Online
Interac Online is one of the easiest and safest ways to make payments on the web. What distinguishes Interac Online from other banking solutions is that it is easy to use, secure, and, most importantly, allows you to complete transactions immediately. In fact, what Interac Online does is provide the necessary gateway for the transaction, so that you can make payments using the funds you have in your bank account. Even better, Interac Online can be used for gambling services as well.
It is worth noting that you will be able to take advantage of Interac Online as long as you have an account with one of the participating financial institutions. That is why it is advised to visit the service’s website and check whether your bank is listed among the financial institutions that offer it. You should not worry about this, as the list is quite comprehensive, meaning that you stand a good chance of finding your bank there.
Gambling enthusiasts will be glad to learn that they will have the opportunity to make payments via the banking solution using their existing online banking account. Hence, this will save you the hassle of establishing separate accounts and memorising new passwords and usernames, which is a major plus.
Once you have joined a Canada-friendly web-based casino that accepts payments via Interac Online, you just need to visit its banking section, go through the list of supported payment methods, and select Interac Online. Once done, you will be redirected to Interac’s portal and prompted to select your bank. Then, you just need to log into your online banking account and approve the payment.
One of the main reasons why Interac Online is so popular among gambling enthusiasts is that, while making a payment via the banking solution, none of your personal or banking information will be shared with the casino operator. The fact that transactions are processed through your bank means that the highest security banking procedures will be followed.
Conclusion
As you can see, gambling aficionados who live in Canada can choose from numerous payment solutions that are both convenient and secure. The aforementioned banking methods will also allow them to carry out their transactions almost instantaneously, which is important, especially when you are using them for gambling purposes.
Still, it is important to note that this is only a handful of all the payment methods at gamblers’ disposal. That is why it is up to you to decide which payment service best corresponds with your personal needs and preferences.
| Payment Method | Deposit | Withdrawal | |
|---|---|---|---|
 | Visa Card | YES | YES |
 | Mastercard | YES | NO |
 | InstaDebit | YES | YES |
 | PayPal | YES | YES |
 | Skrill | YES | YES |
 | PaySafeCard | YES | NO |
 | Citadel | YES | YES |
 | Neteller | YES | YES |
 | Sofort | YES | YES |
 | PayForIt | YES | NO |