Gone are the days of limited payment options at Canadian online casino sites. As players, it is imperative to explore the number of choices available because finding which Canada online casino payment methods work best for you is essential for a smooth gaming experience.
Whether it’s speed, security, convenience, or all of the above, there are payment methods out there to match the top priorities of all Canadian players. After all, you can’t put a price on peace of mind.
This guide will cover the best options available at Canadian online casinos.
Most Popular Payment Methods at Canadian Online Casinos
Included in the table below are eight of the most popular Canada online casino payments methods.
| Payment Method | Average Deposit Time | Average Withdrawal Time | Fees |
|---|---|---|---|
| Interac | Instant | Within 24 Hours | Free at most casinos; Interac may charge flat fees |
| PayPal | Instant | Within 24 Hours | Free at most casinos; PayPal may charge flat fees |
| Credit Cards | Instant | 1-5 Days | Typically free; may charge 3-5% |
| Cryptocurrency | Instant | Within 24 Hours | Free |
| PaySafeCard | Instant | Within 24 Hours | Free |
| Apple Pay | Instant | 1-5 Days | Free |
| Skrill | Instant | Within 24 Hours | 1.75%-2.5% |
| Wire Transfer | 2-10 Days | 3-5 Days | Free at most casinos; bank may charge fees |
Overview of Payment Methods
Interac
The most popular name in Canadian online casino payment methods, Interac provides players with fast and secure transaction capabilities. Instant on the deposit side and swift on the withdrawal side (potential flat fee), Interac is available exclusively to Canadian players.
- Pros: Fast, secure, widely popular amongst Canadian players
- Cons: Withdrawals not always possible, potential fees
PayPal
Known for instant deposits and quick withdrawals, PayPal is a highly secure and convenient payment option for Canadian players. While transactions may come with accompanying fees from the e-wallet provider, PayPal remains a trusted source amongst Canadian users.
- Pros: Fast withdrawals, secure, convenient
- Cons: Higher minimum deposit amounts, potential fees
Credit Cards
Equipped with strong safeguards and security measures, credit cards are a familiar, and widely-accepted form of payment. Visa, Mastercard, and American Express are the most common credit cards accepted at Canadian online casinos. In particular, these cards offer instant deposits, relatively quick withdrawals, and premium safety measures. However, transaction fees (3-5%) are possible.
- Pros: Convenient, strong safety features, instant deposits
- Cons: Potential fees, source of funds
Cryptocurrency
As discreet as they are fast, cryptocurrencies make for an effective payment method at Canadian online casinos. While the volatility aspect presents a hurdle for some, Canadians are becoming more comfortable using crypto as a form of payment at online casinos.
- Pros: Privacy, fast transactions, secure
- Cons: Volatility, lack of government regulation
PaySafeCard
Like PayPal, PaySafeCard is another popular e-wallet option for Canadian online casino players. No fees and an intuitive interface bode well for PaySafeCard’s prospects as a reliable method of payment. It does, however, require that users create a myPaysafe account to get started.
- Pros: User-friendly, no fees, secure
- Cons: Lower deposit limits, requires myPaysafe account
Apple Pay
Android folks may want to look away for this one, but the argument for Apple Pay is simple. Instant deposits, no transaction fees, added privacy, and secure transactions make the IOS-backed payment method a respected one amongst Canadians. That said, withdrawals via Apple Pay are not available at all Canadian online casinos.
- Pros: Privacy, simple, fast deposits, secure
- Cons: Withdrawals not always possible
Skrill
Skrill is yet another e-wallet option rising in popularity in the Great White North. While fees are present (1.75-2.5%), Skrill processes incoming and outgoing transactions quickly, and is a trustworthy method for moving money around.
- Pros: Fast transactions, widely accepted, safe and secure
- Cons: Transaction fees
Wire Transfer
Wire transfers are what some might consider “old school” in today’s digital casino age, but they still get the job done. Longer processing times on both ends are present, however, security and straightforwardness are what headline the argument supporting wire transfers.
- Pros: Highly secure, simple, widely accepted
- Cons: Longer processing times, banks don’t always accept payments to casinos
How to Choose the Right Payment Method
Choosing the right payment method at Canadian online casinos involves weighing the pros and cons of each available option to determine which one(s) make most sense to you.
During this process, there are several factors to consider, including:
- Speed: Gauging deposit and withdrawal processing speeds is a crucial component of deciding which payment methods to use. Remember, turnaround time varies between methods, so don’t assume that they are the same.
- Security: While all licensed Canadian online casinos have reliable baseline security measures, it is important to only use encrypted and regulated payment options (consult the table above). Familiar names and expert and customer reviews are among the key pieces of information to look out for.
- Fees: Given the plethora of Canada online casino payment methods available, it’s best to avoid the options that carry high transaction fees. On that note, be aware that some banks and payment services may charge their own transaction fees, even if the online casino does not.
- Availability: When narrowing down your options, it helps if your short list contains methods that are supported at most Canadian online casinos. That way, you know these options are reliable and offer flexibility between sites.
How to Deposit at a Canadian Online Casino
Once you’ve decided which Canadian online casino site to proceed with and have completed KYC verification, the next step is to deposit funds. Here is how to do that:
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Start by locating the deposit page. It’s highlighted differently between sites, but there tends to be a button labeled ‘Deposit.’ If not, look for a ‘Cashier’ or ‘Wallet’ section or click on your profile (typically in one of the four corners on screen) and look for a ‘Deposit’ button there.
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Once the deposit page is open, type in or select the dollar amount you wish to deposit. Make sure it at least meets the site’s minimum deposit requirement.
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Then, you will need to select your preferred payment option. These will be listed on screen, and after you’ve consulted this guide, choose the method that works best for you.
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Enter the required information for the particular method you’ve chosen, review the information to ensure its accuracy, and confirm your deposit.
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In most instances, the deposit will be instant. However, check your account to verify the funds are there. Once you confirm they are, off you go.
How to Withdraw from a Canadian Online Casino
After you’ve deposited money into your account, and hopefully, built a nice bankroll, you may decide to withdraw some or all of those funds. The steps for doing so are as follows:
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Start by opening the ‘Cashier/Wallet’ section or going directly to your profile and selecting ‘Withdraw.’ On some sites, you may need to open the ‘Deposit’ page to access withdrawals.
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Next, choose the payment method you wish to use for the withdrawal and answer any questions, if applicable.
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Enter or select the amount you want to withdraw from your account. Again, the amount must be at or above the minimum withdrawal amount.
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Ensure that all pertinent information is correct and confirm the transaction.
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Transaction processing speed varies based on the operator and chosen payment method. However, most payments are processed within 24-48 hours. In the event of a delayed payment, contact the site’s customer support for a status update.
Where to use these payment methods
FAQs About Casino Payment Methods in Canada
All regulated payment options listed in this guide are safe for Canadian players. Interac, in particular, stands out because of its widespread popularity amongst Canadians and established connection to over 250 financial institutions in the country.
The vast majority of Canadian online casinos do not charge fees for Interac and PayPal transactions. However, both Interac and PayPal may charge flat fees to withdraw winnings.
At Canadian online casinos, e-wallets (i.e. PayPal) and cryptocurrencies (i.e. Bitcoin) are usually the fastest payment methods. Both options tend to process withdrawals within a few hours.
No, not all Canadian online casinos accept cryptocurrency payments. While rising in popularity in recent years, crypto payments are still not as widely available as more traditional options (ex. Interac, credit cards).
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