Payment Solutions

The days of having to visit a brick-and-mortar casino to play your favourite casino games for cash are long gone. The same is true for visiting offline high street betting shops to place a few bucks on your favourite sport. Of course, you can still go to these physical sites, but the age of online gambling is well and truly with us.

Nowadays, players can sign up to an online casino or sportsbook and wager from the comfort of home or when out and about. But of course, this means you are no longer using cold hard cash. Instead, you will need to use some form of electronic payment.

While there are plenty of payment solutions out there, it’s important to remember that not all are available in Canada, Furthermore, selecting the right payment method from the outset will save you a lot of headaches down the line.

One of the most important things is ensuring that you use a payment method that is both safe and secure. You do not want your sensitive personal and financial information falling into the wrong hands.

Most online casinos encourage players to use the same payment option for both deposits and withdrawals. Therefore, it is also important to check that the casino accepts your preferred method for both these functions. There are several other factors to take into consideration when deciding which payment option to use.

These include the transaction limits for that payment solution and whether it is eligible for bonus offers. You should also check whether additional fees are payable for using that method. Keep reading this guide to find out more about the best and most secure payment options available to players in Canada.

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Most popular payment solutions

Interac
Zimpler
Trustly

Important Points when Making a Deposit at a Casino

Before you make a deposit at an online casino, there are a few important things that you should check. First and foremost, you should always check that the online casino you intend to play at is properly licensed. This information is normally found in the footer of the casino’s website or on the “About Us” page.

Look for licences from regulatory bodies such as the Kahnawake Gaming Commission, the UK Gambling Commission and the Malta Gaming Authority, among others. If you’ve checked in both places and didn’t find anything regarding the licence, it’s possible the casino doesn’t have one. This indicates that the casino is unregulated and should consequently be avoided.

Next, verify that the betting site has appropriate security protocols in place to encrypt traffic to and from the site. This includes the use of SSL encryption protocols and firewalls. These measures will protect the personal and financial information that you submit to the site and make it hard for unwanted third parties to gain access to it.

Look for a padlock in the left corner of the website’s address bar. Finally, make sure that you choose a safe, secure and trusted payment method. Paying attention to all these things will help keep you from losing your hard-earned cash.

Important Things to Know Before Making a Withdrawal

Withdrawing your funds from an online casino is usually quite straightforward. Simply head to the Banking or Cashier section and select “Withdrawals”. Next, you’ll need to select your preferred withdrawal payment option and specify how much you wish to withdraw.

The most important point to note here is that all online casinos will have a pending or processing period. This can vary from an hour or two to several days, depending on the site and whether or not this is your first withdrawal request. During this pending period, the casino will need to verify your identification.

It’s a good idea to complete any account verification procedures before you request your first withdrawal. Most online casinos will require you to submit a few documents to verify your account. These usually include government-issued ID, such as a driver’s licence to passport, and bank or utility statements for address verification.

No verification, no withdrawal — it’s as simple as that. In addition, if your winnings resulted from using a bonus the casino will use the pending period to check that you’ve fulfilled all the wagering requirements. So do remember to read the bonus terms and conditions before accepting it.

Our Opinion of the Most Popular Payment Methods

In this part of our guide, we will take a closer look at some of the best online casino payment methods available for Canadian players. Most online casinos offer players a choice of several payment methods. These will include a mixture of eWallets, credit/debit cards, prepaid cards, online banking solutions and even cryptocurrencies.

By far and away our favourite payment solution for Canadian players is Interac e-Transfer. This is one of the safest and most convenient payment solutions available. Players simply log in to their online or mobile banking account and set up their chosen casino as a contact.

Thereafter, it’s a simple case of logging in to their bank account, selecting that contact and specifying how much to deposit. There is a small fee at the Interac end for every transfer out of your bank account, but receiving your winnings from a casino is free.

This is one of the safest deposit methods, not only because the whole transfer is securely encrypted but also because the casino never receives any details of the player’s bank account. Other recommended payment solutions for Canadians include InstaDebit, Ecopayz, Skrill and Paysafecard.

All payment solutions