Casino Payment Options Available in Canada
Online casinos have gained popularity, with more people signing up for accounts daily. In order to maximize your time at an online casino, you must deposit money and withdraw your winnings. There are many payment methods to choose from when you want to take these actions, and finding the right one is challenging.
Luckily, we have compiled the top casino payment methods in Canada, and we will share with you all the information you need about them. Ultimately, you should be able to choose the best banking option for you.
Best Online Casinos Canada - December 2023
What Payment Methods Can Be Used at Online Casinos?
If you’re looking for the right casino payment methods in Canadian dollars, you might want to try out one of the following:
Visa is one of the best casino payment methods for Canadians and in the world and has been operating as far back as 1958. It gives players a reliable and convenient solution that secures transactions between them and the online casino.
You can pay online with Visa in various ways, such as through credit cards, debit cards, prepaid cards, and even digital payment solutions. All transactions are incredibly secure when submitted through Visa’s bespoke network.
Visa is one of the most used casino payment methods across Canada, especially because it operates globally. You can use it at any online casino, no matter where they are based. It also has a strong commitment to security and fraud prevention to protect all its users and their finances.
Best Visa Casinos Canada (December 2023)
Mastercard is another globally recognized payment method and is incredibly popular among Canadian gamblers. It provides its users with various banking solutions, such as credit, debit, and prepaid cards. Like Visa and Maestro, all transactions are facilitated between merchants, cardholders, and your bank.
Since Mastercard is one of the leading casino payment methods, you can rest assured that all transactions are secure and convenient. You can easily use it as a banking option for deposits and withdrawals at online casinos without fearing high fees, long waiting times, and data breaches.
There are tons of benefits you can get out of using Mastercard as a payment method. The main is that it is widely accepted by almost every merchant and online casino, and it can conduct transactions across borders and in different currencies. You can also take advantage of many features, such as discounts and cashback opportunities. And to top it off, there is a wide range of security measures like EMV chip technology, tokenization, and transaction monitoring systems.
Best Mastercard Casinos Canada (December 2023)
Maestro is another one of the most popular casino payment methods used by Canadians online. It is owned by Mastercard and issued similarly. When you have an account with Maestro, they will issue you a debit card which is directly linked to your bank account. You can then use your funds to deposit money securely and conveniently.
Like most other standard debit cards, all your transactions with Maestro are held responsible by your bank. All information regarding the transaction is kept secure through the Mastercard network, and the funds are swiftly taken out of your bank account.
One of the best things about using Maestro is its security features. It helps ensure that if someone gets hold of your card or card details, they won’t be able to access your funds. It comes with a PIN for in-person transactions and further security measures when you make an online payment at a casino.
Best Maestro Casinos Canada (December 2023)
iDebit is one of the unique casino payment methods on this list that allows players to make secure and convenient payments to online casinos without using a credit card or e-wallet. Instead, you can pay directly through your bank account with existing credentials
iDebit works in a really simple way. All you have to do is choose iDebit as your deposit method when paying at an online casino, and you will then log into your online banking account through iDebit’s secure platform. It provides an extra layer of security compared to paying directly from your bank account.
The thing Canadian players love most about iDebit is its real-time payment confirmation. It means all transactions are instant, so you don’t have to wait for the money to hit your account. You also only have to provide iDebit with your online banking credentials, so no other personal information is stored on the platform, minimizing the risk of data breaches.
Best iDebit Casinos Canada (December 2023)
AstroPay is a prepaid virtual card used to make online purchases, especially when you deposit at your favourite online casino. It may not be used as widely in some parts of Canada, as it is often used by players who don’t have access to more traditional casino payment methods or those who don’t want to share their financial information online.
When you receive an AstroPay card, you purchase one with a specific amount of money on it. You can then spend that money until it has run out, and then either top up the card or get a new one. Each card comes with a number, expiration date and CVV code you must enter when you want to pay.
AstroPay is particularly good because many online casinos have it as a payment method. It also provides an added layer of security and privacy, as no platform can access your personal information or banking details. This makes you feel safer and allows you to set limits so you don’t deposit too much.
Best AstroPay Casinos Canada (December 2023)
MuchBetter is a mobile payment app and e-wallet that provides players with a seamless way to process online transactions. It is most prominent in the iGaming industry and was designed with gamers in mind.
To set up MuchBetter, you create a digital wallet on your mobile and link it to your bank account. You can then transfer funds into your MuchBetter wallet and use them when making a deposit at your online casino of choice. The app combines various security measures, such as dynamic passwords and device pairing, to protect your funds and personal information.
There is also a MuchBetter loyalty program to get involved in, known as MuchBetter MegaDraw. The more you spend using the MuchBetter platform, the more points you earn. You then have to chance to redeem these points for special prizes such as cash, devices, and unique experiences.
Best MuchBetter Casinos Canada (December 2023)
ecoPayz is an e-wallet commonly used by Canadian gamblers who want a convenient way to deposit and withdraw money. You can use it for various purposes, such as depositing funds into your casino account, requesting money transfers, or setting up a prepaid card.
Once you’ve made an account with ecoPayz, you can link one or more bank accounts and add funds to your balance. It comes with a high level of security through the use of features such as SSL encryption and two-factor authentication. There are also various account levels with different features that can help you out depending on your needs.
The unique thing about ecoPayz compared to other e-wallets is that you can also get it as a physical or virtual prepaid card. This helps protect your personal information and allows you to set a budget before you start depositing and gambling money at online casinos.
Best ecoPayz Casinos Canada (December 2023)
STICPAY is an online payment service and e-wallet that is mainly known for transferring money internationally and making cross-border online payments. It is an excellent digital wallet that, after linking it to your bank account, allows you to store funds and use the money for various reasons, such as online gambling.
As mentioned, the primary focus of STICPAY is its competitive exchange rates for international transfers. Therefore, if you are using an online casino that doesn’t support Canadian Dollars, it can be a good idea to use Sticpay to maximize your money conveniently.
Like most other e-wallets, STICPAY offers a more secure and safe alternative for casino payment methods. It has multiple anti-fraud systems in place and implements SSL encryption on its platform. You are always kept up to date on your transactions, and there is account activity monitoring to help with budgeting.
Best Sticpay Casinos Canada (December 2023)
Flexepin is a unique payment system that provides players with prepaid vouchers so they can deposit money at online casinos without needing a physical credit or debit card. It is a highly efficient payment method for Canadians.
How Flexepin works is pretty easy to understand. All you have to do is purchase a physical or e-voucher with the monetary value of your choice. The voucher will provide you with a 16-digit number that you will enter into the payment page of the online casino. It will then credit the amount you chose into your account so you can start playing.
Flexepin is a fantastic alternative for people who don’t wish to use credit or debit cards for making deposits. It offers a strong element of privacy as none of your personal information or banking details needs to be provided. You can also use them on various other platforms online, such as e-commerce websites, so you aren’t limited to using them at online casinos.
Best Flexepin Casinos Canada (December 2023)
Neosurf is similar to Flexepin as it is another prepaid voucher system, where you will purchase a voucher with a specific monetary value and use them to deposit money into your online casino account. It is widely used by Canadian players who wish to avoid providing the internet with their financial information.
You can easily purchase a Neosurf voucher online, or they are also sold physically at various convenience stores and gas stations. You’ll then be provided with a 10-digit code which you enter on the website of your choice when depositing money or making a purchase.
The fact that Neosurf is incredibly easy to use is one of the main things users love about it. Not everyone wants to use traditional casino payment methods, and some people don’t want access to a vast amount of money simultaneously. You can therefore set a budget and stick to it until you get another Neosurf voucher.
Best Neosurf Casinos Canada (December 2023)
Interac is a Canadian-focused interbank network payment solution. It allows people to conduct secure transactions between online casinos and other financial institutions. A wide range of different services are offered to users of Interac, including Interac Debit, Interac e-Transfer, and Interac Flash.
Interac Debit provides you with a card directly connected to your bank account, e-Transfer allows you to send money securely and instantly to others, and Flash is a contactless payment feature available on its debit cards.
Interac accounts have good security and privacy, as all transactions go through multiple levels of security, including encryption and fraud detection. It ensures your data is always protected, so you can use your Interac account at any physical store or online casino without worrying.
Best Interac Casinos Canada (December 2023)
Jeton is another sufficient e-wallet that many Canadian players use for online payments at casinos, as well as money transfers and currency exchange. You can easily link any of your bank accounts to Jeton, load up the money you want into the wallet, and then use this to deposit and withdraw money when needed.
The focus on international transactions is one of the most prominent features of Jeton and one of the main reasons it is such a widely offered option at Canadian online casinos. You can easily pay in other currencies without worrying about conversions and fees. There is also excellent security through features like transaction monitoring and encryption.
Jeton is also popular among players because it is easy to use. It can be used on any mobile phone, making your entire payment experience more seamless and convenient. You can access your balance when you want and place caps on your spending if needed.
Best Jeton Casinos Canada (December 2023)
Bitcoin is the most popular form of cryptocurrency, a decentralized digital currency that was first brought into the payment circuit in 2009. It operates on blockchain technology which means it isn’t controlled by any single person or institution. Instead, it uses a peer-to-peer network, verifying all transactions and recording by miners.
The downside of Bitcoin is that there is a limited supply because only 21 million Bitcoins exist. This makes it a volatile currency, which can be suitable for some due to its investment potential, but it makes it a bit harder to have as one of the standard casino payment methods.
When you have Bitcoin, you must store the coins in cryptocurrency wallets. These can be either software or hardware-based. They each come with a unique address which you will use to send and receive Bitcoin with the online casino you use, and it should usually be an instant process.
Best Bitcoin Casinos Canada (December 2023)
Bitcoin Cash (BCH) is a form of cryptocurrency that came to fruition after the blockchain of the original Bitcoin (BTC) split into two separate paths. It was initially created to try to fight the limitations of Bitcoin, providing higher scalability and faster transactions. In addition, this was expected to produce a more efficient coin, making it a potential cryptocurrency for everyday use.
The main difference between BCH and BTC is the block size. Bitcoin Cash has a block size of 8MB compared to Bitcoin’s 1MB. This allows more transactions on each block, faster speeds and fewer fees.
Like Bitcoin and other forms of cryptocurrency, Bitcoin Cash works on a decentralized blockchain network to ensure the safety and security of your transactions and complete transparency on the system. When you have a form of Bitcoin Cash, you can choose to store it in a digital wallet, but you also have the opportunity to contribute to the blockchain network by mining and validating transactions.
Best Bitcoin Cash Casinos Canada (December 2023)
Ripple, also named RippleNet or XRP, is a digital payment protocol and cryptocurrency built to provide people with seamless and cheap money transfers using various currencies. It is a decentralized platform and differs from other more traditional banking methods because it doesn’t rely on a go-between or intermediary.
The foundation of Ripple is the XRP ledger, a form of cryptocurrency which provides liquidity and helps facilitate the transfer of value between different fiat currencies. It also uses the Ripple Protocol Consensus Algorithm (RPCA), allowing fast transactions and quicker deposits and withdrawals at online casinos.
Ripple has gained much traction as one of the most popular casino payment methods Canada has to offer due to its partnerships with other financial institutions and online casinos. They all use Ripple to allow payments across borders, reduce the possibility of fees, and complete transactions much more quickly.
Best Ripple Casinos Canada (December 2023)
Litecoin (LTC) is another peer-to-peer cryptocurrency created as a ‘lite’ version of Bitcoin. It operates on a decentralized network based on a blockchain and provides users with the opportunity to make secure and verifiable transactions without any intermediaries.
Litecoin mainly differs from Bitcoin in the way it is mined. Bitcoin uses an SHA-256 algorithm, whereas LTC uses Scrypt. Scrypt is praised for its stronger memory, making it harder for hackers to infiltrate the system, and providing a more decentralized mining process for its users. Litecoin also has faster block generation times, on average, 2.5 minutes compared to Bitcoin’s 10 minutes.
One of the top features of Litecoin is that it has a maximum supply cap of 84 million coins, meaning that it is more widely available than some other cryptocurrencies, which can provide lower transaction fees.
Best Litecoin Casinos Canada (December 2023)
Ethereum is a decentralized blockchain platform with its native cryptocurrency, Ether (ETH). It works through the Ethereum network to facilitate transactions and reward those participating in mining and other activities. However, it does more than simply transfer currency; it builds and deploys smart contracts. These can be used for a wide range of reasons, but typically to automate the execution of transactions.
Ethereum is different from other blockchain platforms and cryptocurrencies through the use of the Ethereum Virtual Machine (EVM). This virtual machine allows developers to write and execute code on the network. It makes it an excellent platform for many industries, and it is especially prevalent in the iGaming industry.
Another substantial standout feature of Ethereum is its consensus mechanism. It used to be a standard proof-of-work (PoW) consensus mechanism, but it now uses a proof-of-stake (PoS) consensus mechanism, providing better scalability, energy efficiency, and security. It is one of the most thriving casino payment methods used by a broad community and continues to enhance its offerings.
Best Ethereum Casinos Canada (December 2023)
Skrill is another seamless online digital wallet that allows you to send and receive money and then use your balance to make payments online. It used to be known as Moneybookers but has now become well-known under the Skrill name for its range of services for individuals and businesses.
You must sign up for a Skrill account alone, connect your chosen bank account, and place funds into your balance. Once the money is available, you can use it how you wish, especially for making deposits and withdrawals at your favourite online casino.
There is a wide range of benefits you can experience from using Skrill, with the most being that it offers a secure and convenient way for you to make online payments. There is a high level of protection through encryption technology so that you can make local or international money transfers with complete safety.
Best Skrill Casinos Canada (December 2023)
Boku is a mobile payment platform that allows you to make online purchases, such as depositing money at casinos, with the monetary amount coming straight out of your phone bill. It is easy to use as all you have to do is enter your mobile phone number and then confirm the transaction with a code you receive via SMS.
How much you spend or decide to deposit to your mobile phone bill at the end of the month, or it will be taken off your prepaid balance. It all depends on your mobile service provider. You can use this payment method on a wide range of Canadian online casinos as well as other merchants.
While Boku is an excellent option for people who don’t wish to share their financial information online, you should also be aware that there are transaction limits and fees that may apply. You should also ensure you don’t spend more than you can’t afford to pay off at the end of the month.
Zimpler is another mobile payment service that is sometimes used by Canadian players at online casinos. All you need to do to use it is create a Zimpler account and connect your mobile phone number to it. Then, when you decide to deposit money into your account or make a payment, you can authenticate the transaction by receiving a code through SMS.
The best thing about using Zimpler is that it is highly flexible. You can choose to pay off your purchase immediately, or you can defer the payment to a later date. There is also an option to set a spending limit on your account to ensure you don’t end up spending too much.
When you access the Zimpler website, you’ll find that it has a highly user-friendly interface and strict safety protocols, such as encryption and fraud prevention, that protect you and your data.
Neteller is a popular e-wallet service that provides players with a secure and convenient way to deposit money and request a withdrawal. It offers a way for you to store your money in a separate entity so that funds aren’t coming directly from your bank account.
Luckily, many online casinos accept Neteller, and it is pretty simple to set up. You just need to create an account and fund it using a bank transfer or connecting it to other online casino payment options. The funds usually get into your account pretty quickly.
Since you aren’t spending directly from your bank account, there is an added layer of privacy when you spend using Neteller. The platform never shares your personal or financial information with online casinos, so there is a higher level of protection for all of your sensitive data.
Are There Payment Methods No Longer Allowed at Canadian Casinos?
We found one payment method that you can’t use at a Canadian casino:
PayPal is one of the only payment methods that has been restricted at Canadian online casinos This is because of a few reasons, including the following:
The biggest reason why you can’t use PayPal as a payment method at Canadian casinos is that it is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This organization requires any financial institution that operates in its country to report a wide range of aspects, such as suspicious activity, such as gambling. However, PayPal doesn’t want to follow these regulations, so it doesn’t allow Canadian players to use the payment method at online casinos.
PayPal is a high-risk payment method for conducting fraudulent activities and money laundering. And since gambling is a high-risk activity, the two don’t go so well together. PayPal could take further steps to try and reduce these risks, but at the moment, they haven’t been mitigated enough to be used at Canadian casinos.
- Brand image:
PayPal wants to maintain a strong brand image and keep all its associations positive. Since gambling has negative connotations, the payment method doesn’t want to be seen as supporting it in Canada.
Due to these three reasons, PayPal doesn’t currently allow users to pay at gambling websites in Canada. However, this might change in the future.
What are The Most Popular Casino Payment Methods for Canadians?
There are many popular Canadian banking options that you can use at online casinos:
- Credit/Debit Cards:
Out of all Canadian banking options, credit and debit cards are probably the most popular. Not only are things like Visa, Maestro, and Mastercard widely accepted at most online casinos, but they also offer a convenient and familiar way for players to make payments. All deposits are usually instant, and you can always request a withdrawal back to the same card.
Interac is one of the most popular Canadian casino payment methods because it allows you to transfer money straight from your bank account to your online casino account. When using the e-Transfer branch of the brand, you are gifted with secure and instant transfers, which means you can make deposits and withdrawals with ease.
There is a wide range of e-wallets available for Canadian players, such as ecoPayz, Skrill, and Neteller. They have become increasingly popular because they allow you to store money and make secure transactions. It is one of the fastest payment methods for deposits and withdrawals, and there is an extra layer of security which tops things off.
- Prepaid Cards:
While they weren’t always widely used, prepaid cards such as Paysafecard and Neosurf are now some of the most popular banking options among Canadian players. They help you manage your spending so you don’t go over your budget, and there is also an additional level of security and privacy.
Cryptocurrencies are the newest form of payment method, and you can typically use options such as Bitcoin, Ethereum, and Litecoin. They provide players with complete anonymity and security, and due to their decentralized nature, you can often deposit and withdraw funds instantly.
What are the Fastest Online Casino Deposit Methods in Canada?
The fastest casino deposit methods are typically e-wallets like Skrill and Neteller. These methods can typically process deposits within minutes or hours, making them one of the top online casino deposit methods Canada has to offer. Other methods, such as bank transfers and credit cards, can take several days to process.
Here is a list of the fastest deposit methods casino players are able to use in Canada:
- E-wallets: Skrill, Neteller, etc.
- Instant bank transfer: Faster Payments, ClearXchange, etc.
- Cryptocurrency: Bitcoin, Ethereum, etc.
- Bank transfer: Wire transfer, SEPA transfer, etc.
- Credit card: Visa, Mastercard, etc.
What are the Fastest Online Casino Withdrawal Methods?
The fastest casino withdrawal methods are typically e-wallets like cryptocurrencies and other digital wallets. Depending on the casino, these methods can typically process withdrawals within minutes or hours. Other methods, such as bank transfers and credit cards, can take several days to process.
Here is a list of the fastest casino withdrawal methods:
- E-wallets: Skrill, Neteller, etc.
- Instant bank transfer: Faster Payments, ClearXchange, etc.
- Cryptocurrency: Bitcoin, Ethereum, etc.
- Bank transfer: Wire transfer, SEPA transfer, etc.
- Credit card: Visa, Mastercard, etc.
What Banking Methods are Safest?
If you want a banking method that protects your data and financial information, you may want to consider using one of the following:
E-wallets are well-known for their safety and privacy when it comes to depositing and withdrawing money from Canadian online casinos. They store your banking information, which means you don’t have to enter it each time you want to spend money. There are additional security measures that will protect your information and prevent the opportunity for any data breaches.
- Banking apps:
Banking apps, which you will typically use for your credit and debit cards, such as Visa and Mastercard, provide high levels of security when you want to make a payment. Once you have entered your payment information, you will usually be asked to go through a two-factor authentication process, which adds an extra layer of protection.
Cryptocurrencies are one of the newer casino payment methods offered to Canadian gamblers, but they provide players with a high level of safety. Since cryptocurrencies like Bitcoin and Ethereum are decentralized, there is no intermediary involved, which makes them a more secure option for deposits and withdrawals.
Is There a Minimum Amount for Casino Deposits?
Most online casinos in Canada will have a minimum deposit amount. However, they will vary depending on the platform and its terms and conditions. It is best to check the casino’s policies and bonus terms before you sign up to see if the minimum deposit amount suits you. Sometimes they can be as low as C$10, but it might go up to C$30 or C$40 for more high-roller websites.
Is There a Maximum Amount that Can be Withdrawn?
Similar to minimum deposits, the maximum withdrawal amount at online casinos in Canada will depend on the specific website you’re using. Most of them will have limits in place, and they can depend on a number of factors, such as your chosen online casino payment methods, your account status, and the casino’s terms and conditions. If you want to know what the maximum amount is at the online casino you’re playing at, you should check out its policies on withdrawals.
Are There Any Fees for Casino Transactions?
Fees aren’t always a guarantee for casino transactions, however, if there are added charges, it would be because of the following:
- Deposit fees: There might be an added charge each time you make a deposit at some online casinos. The amount will range from a couple of dollars to a percentage of how much you deposit.
- Withdrawal fees: Similarly, you might be charged a bit each time you withdraw your winnings from an online casino.
- Processing fees: Before you even receive your deposit or withdrawal, you might be charged a fee for processing payments. These aren’t often very high and will usually only apply to credit card transactions.
- Currency conversion fees: If you are playing at an online casino that is available in Canada but it doesn’t accept Canadian dollars, you might have to pay a currency conversion fee each time you deposit funds or request a withdrawal.
Can I Make Deposits and Withdrawals With Different Methods?
Yes, it is common for online casinos to offer various payment methods for deposits and withdrawals. They strive to provide players with a range of options to suit their preferences and convenience. Typical payment methods found at online casinos include credit/debit cards, bank transfers, e-wallets (such as Skrill or Neteller), prepaid cards, and cryptocurrency.
However, it is essential to recognize that the availability of specific payment methods for deposits and withdrawals can differ among online casinos. Certain casinos may permit the use of the same method for both transactions, while others might have specific restrictions or preferences. To be sure of which methods are available for deposits and withdrawals, it is advisable to review the casino's banking or casino payment options for Canadian players page or reach out to their customer support.
How to Choose the Best Method of Payment for Your Needs
When choosing the best online casinos payment methods that suit your needs, you will want to check out the following:
- Security: Ensure that the banking option has high levels of security and various features such as an encrypted transaction process and anti-fraud measures.
- Availability: Not all payment methods in the globe will be available for Canadian players. Before signing up for an account, check that your online casinos will accept it.
- Convenience: You most likely want a payment method that is easy to use, so make sure you have found one with a user-friendly interface and hassle-free transactions.
- Speed: The last thing you want is to wait too long for your deposits and withdrawals to hit your account. Therefore, look for a banking option that provides fast transactions and will go through almost instantly.
- Fees: Not all payment methods will have fees, so you might want to look for one that is usually free at most online casinos.
- Bonus Eligibility: Some bonuses at online casinos are only available when you pay with a specific payment method. For example, there are many cryptocurrency promotions available when you deposit money using certain coins.