Most popular casino banking methods in Canada
Please find below the most common casino payment methods at Canadian online casinos. You can take a look and see the time it takes to deposit and what fees it comes with.
| BANKING METHOD | TIME TO DEPOSIT | TIME TO WITHDRAW | FEES |
|---|---|---|---|
| Interac | Instant | Instant | None |
| iDebit | Instant | Instant | $2 Fee to move funds from bank to iDebit account |
| eCheck | Instant | Up to 7 Days | None |
| Citadel | Instant | Up to 3 Working Days | $1.50 per transaction |
| InstaDebit | Instant | Up to 10 Days | $1.95 when depositing / $2 from InstaDebit to your bank |
| EcoPayz | Up to 1 business day | Instant | 1.69%-2.9% to deposit into EcoPayz account |
| MuchBetter | Depending on the funding method | Depending on the funding method | Depending on the funding method |
| WebMoney | Instant | Instant | 0.8% per transaction |
| Jeton | Instant | Depending on the funding method | It depends on the funding method |
| Paysafecard | Instant | N/A | None |
| Neosurf | Instant | N/A | $1.49+ |
| Revolut | Instant | N/A | None |
| AstroPay Card | Instant | N/A | None |
| Flexepin | Instant | N/A | None |
| Visa | Instant | Up to 3 days | None |
| MasterCard | Instant | Up to 3 days | None |
| Bitcoin | Instant | Instant | None |
| Litecoin | Instant | Instant | None |
| Ripple | Instant | Instant | None |
How to make an online casino deposit?
Naturally, online casino players who want to play for real money must make an online casino deposit. By successfully making a deposit, a player funds his casino account and takes credits to place wagers. Although it may sound complicated, it isn’t. Making deposits is easy, and any player can do it. Nowadays, you can even play casino games and make deposits from your mobile phone.
To finalize an online casino deposit and fund your casino account, you need to choose a banking method you wish to use and figure out an amount.
Once you’ve chosen your preferred payment method (by selecting it on the cashier page), you just need to follow a few simple steps to complete the transaction.
If you decide to use a credit card, you’ll need to enter the credit card number and the desired amount in the designated areas. If you choose one of the e-wallets, the casino will redirect you to the login page. You’ll enter your login info (email and password) and then choose the amount to transfer.
Mobile payments require your mobile phone number and the amount you wish to deduct from your phone credit (or add to your phone bill at the end of the month).
Some casino payment methods finalize the deposit with a quick confirmation via a text message or a pop-up window. The system will guide you through whatever method you choose, and you’ll have the funds immediately available on your casino account.
Is making a casino deposit safe?
Casino deposits are necessary if you choose to play for real money. They are fast and efficient. You can see them as an investment. The more money you deposit, the longer you play; the longer you play, the bigger the odds of winning big. However, the question remains – are casino deposits safe financial transactions? You wouldn’t want to invest your funds, your hard-earned money, into a risky business, and that’s completely understandable.
Casino operators are obligated to provide online gambling services in a safe environment, including data protection, software regulation, and secure banking. Since all the major Canadian casino websites use advanced SSL encryption technology, all the financial transactions are conducted in a well-protected ambience. Not a single detail of your identification information and amount sizes is available to third parties.
Furthermore, each of the available banking methods at Canadian online casinos has its security. Most apply multiple safety layers, including encryption, passwords, confirmation messages, and the list. Due to the anonymity most casino banking methods provide, players’ identities are safe, and there is no way to track their financial activities in and out of the casino site.
Making casino deposits is as safe as any other online purchase or money transfer. As long as you stick with reputable casino brands with reliable casino banking methods, you can’t go wrong and have nothing to worry about.
Why make a CAD Casino Deposit?
Considering that you’re Canadian, it goes without saying that choosing a CAD-friendly online casino will be your best option. I have listed below some of the top Canadian casinos accepting Canadian dollars. So choose one – and gamble in CAD!
| Rank | Casino | Bonus Offer | Number of Games | Payout Speed | Win Rate | Play Online |
|---|---|---|---|---|---|---|
|
#1
|
Casumo Casino
|
C$ 1,800
|
630+
|
1-2 days
|
97.84%
|
|
|
#2
|
Jackpot City |
C$ 2,000
|
700
|
2 days
|
97.59%
|
|
|
#3
|
Royal Vegas
|
C$ 1,200
|
650
|
1-2 days
|
97.49%
|
|
|
#4
|
Jackpot Village
|
C$2,300
|
3500+
|
0-1 day
|
97.61%
|
|
|
#5
|
Dunder Casino
|
C$ 600
|
300
|
1-2 days
|
98.91%
|
What are the most common casino payment methods?
The great thing about making deposits at online casinos is that many banking options exist. From popular Visa credit cards to modern e-wallet services, online casinos will do their best to make all transfers happen quickly and safely.
Some popular and most frequent casino banking methods used worldwide in Skrill, PayPal and Neteller aren’t available in Canada now, but we’re still left with plenty of options.
InstaDebit, for example, is one of the top e-wallet methods available at hundreds of Canadian casinos on the web. Extremely practical and easy to use, InstaDebit enables fast transactions, anonymous logins, free service and secure money storage.
EcoPayz is another preferred e-wallet. To use EcoPayz, one only needs a valid email address and a secure password. You can tie your EcoPayz e-wallet account with a credit card and keep the constant flow of funds from the card to the wallet. When making a casino deposit, just access your EcoPayz account and complete the transaction in half a minute – without sharing your card info with the casino platform. MuchBetter works similarly.
Other popular casino banking methods include Visa, MasterCard and Maestro cards, prepaid vouchers like Paysafecard, Neosurf, and Revolut, and cryptocurrencies like Bitcoin or Litecoin.
It’s what a player feels more comfortable with or has access to.
How do I withdraw my winnings?
Online gambling isn’t just about depositing money – it’s also about withdrawing your winnings. Players engage in online gambling for fun but also to make a profit. Here is why finding the fastest withdrawal online casinos is important.
When you hit the jackpot or score a big win, your casino balance will get bigger, and you’ll want to cash out some or all of that money so you can use it in your everyday life. A present for a loved one, a nice dinner or a new car is just some possible ways to spend your casino winnings. To be able to do that, you need to withdraw them first. It’s important to know that withdrawals are just as easy as deposits, and there is nothing to be concerned about.
The player needs to visit the cashier page to request a withdrawal at an online casino. Due to money laundering policies, some casinos insist you use the same banking method for withdrawals as you did with deposits. Others are more liberal and will let you withdraw via other methods.
However, some casino banking methods don’t support withdrawals because of how they are supposed to work. For example, you can’t request a cashout to be credited to a prepaid voucher.
In general, withdrawals can take a bit longer than deposits, but the process is practically the same as when depositing.
Withdrawal time at Canadian online casinos
| Withdrawal Method | Time to Withdraw |
|---|---|
| Interac e-Transfer | 2 – 6 days |
| Interac Online | 2 – 48 hrs |
| Instadebit | 2 – 48 hrs |
| iDebit | 2 – 48 hrs |
| MuchBetter | 2- 48 hrs |
| ecoPayz | 2 – 48 hrs |
| Jeton | 2 – 48 hrs |
| eCheck | 2 – 5 days |
| Visa/Mastercard | 2 – 6 days |
| Bank Cheque | 7 – 21 days |