The Best Payment Methods Available at Canadian Casinos
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PAYMENT METHODS AVAILABLE AT CANADIAN CASINOS
When people start playing gambling games online, their main concerns have to do with payment methods and the security of financial transactions. Today, you can choose from a variety of online payment options. If the casino provides SSL encryption that guarantees transaction security and protects you from scammers, you can safely play with such a provider. Feel free to choose between debit and credit cards, electronic wallets with their minimum fees and absolutely anonymous Bitcoin modules.
Electronic wallets are a worthy alternative to bank cards as they are secure and convenient. You can easily control your funds in the account. Electronic wallets are very popular among players, so some establishments even award their clients with bonuses for their usage.
If you want to find out the payment methods you can use on a gambling website, just scroll down the main page. You will probably find logos of the available payment systems, and you just have to select the best solution for you.
In order to stay informed about the possibilities and options for depositing and withdrawing money, check the list of available options at Canadian online casinos below.
This is one of the most popular electronic payment systems in Canada and around the world. With the help of debit and credit cards, you can make a payment and get a win in almost all casinos.
When replenishing your account by a Visa card, you may be asked to provide additional information (a photo of the card, a copy of your ID or driver’s license). All this is necessary to prevent fraud. In case of theft or loss of a card, the client should not worry, as it can be blocked in a couple of moments and money withdrawal will be impossible.
- This is an international payment system;
- It is supported in 200 countries of the world;
- The turnover of funds on cards over the past year was $ 4.8 trillion;
- “Visa” specializes in USD transactions.
In order to deposit funds on your account, you can choose the “Visa Classic” credit card. Most banks that work with Visa can provide such cards. Finally, “Visa” is the best payment system in the market so far. It is simple to use, it does not apply huge fees and the user can usually ask the bank for help.
The MasterCard payment system is currently considered one of the most popular depositing methods in the world. Almost all world banks use it. Today, MasterCard is Visa’s main competitor and covers more than 25,000 financial institutions located in 210 countries.
The payment system provides its users with 4 types of cards:
- Credit – standard credit card, World MasterCard and World Elite MasterCard;
- Debit – payment is made from funds that are already in your bank account.
- Prepaid – it can be used just once and therefore there is no need to be afraid of data theft and scammers;
- The contactless card is a new word in payment technology.
An ordinary standard card is enough to replenish or withdraw funds from online casinos. When making a deposit, it is enough to enter the data of your card and, if necessary, confirm the payment with a password from the SMS or e-mail notification. Among the other advantages are:
- Easy depositing;
- High speed of funds transfer (1-2 minutes);
- Reliability and safety;
- Availability at online casinos
When withdrawing funds, you will need to know the bank account details. Therefore, be prepared that it may be more convenient to use another method: for example, eCheck or ECOPayz.
This is an online payment service that allows you to make secure payments in real-time through the online banking system. iDebit is a Canadian national financial instrument. Residents of other countries will not be able to use the services of the system since it is focused only on Canadians.
The service has been operating for more than five years and cooperates with all banks in Canada. An account in the system is opened in CAD, however, payments are available in USD as well.
The activity of iDebit is regulated by the relevant organizations that issue a certificate allowing them to make financial transactions on the Web. All the payments are protected by encryption, so the security is on a high level.
Users can immediately register and create an account in the system or do it with the first payment made by iDebit. To use the service, customers should have a bank account that is linked to an account in the system. This enables payments, even if the user does not have funds directly in the system. In this case, the money will be debited from the bank account.
Most Canadian gambling websites accept a Visa Electron card as a payment method. This card must be registered and linked to your account, after which you can freely use it to replenish it and withdraw funds. Perhaps the most important difference between a Visa Electron card and a “Visa classic” is that this is a debit card, while the second one is a credit card.
Replenishment of the account by Visa Electron is perhaps one of the safest ways to make electronic payments. In this case, funds are credited to the online casino system from your personal account through online banking. The advantage of Visa Electron is the absence of annual maintenance fees. However, each time you replenish such a card, the bank charges a 1.5% fee.
Since Canadian online casinos accept and make payments in CAD, the current exchange rate is taken into account when transferring money. However, the possibility of using Visa Electron on the internet depends on the decision of the issuing bank. For more detailed information you should contact the bank managers.
The advantages of using Visa Electron at online casinos include high speed of transferring funds, simplicity and the ability to withdraw winnings on it.
Electronic Canadian gambling websites checks or e-checks as they are better known, are a digital form of traditional paper checks. E-checks work in the same way as a paper check, in that money is transferred directly from your bank account to your online casino wallet.
The main benefits of using e-checks to deposit funds are:
- Lower fees compared to other deposit options, as banks charge less to process e-checks compared to credit card payments
- Payments are verified by your bank, which makes them more secure
- Many online casinos offer larger deposit amounts if you use an e-check to transfer funds
Many Canadian casinos now accept e-checks as a deposit method, although they may ask for extra verification before you can make a deposit.
The downside of using an e-check to deposit funds is that can take 1-3 days for the payment to be processed, as the casino must wait for the funds to be cleared before it allows you to access the money.
If you want to use an e-check to transfer money, look for a casino that offers this as a deposit method.
This is a payment method that allows Canadians to make a bank transfer without having an account at a particular bank. This is a convenient and easy way to make sure that the payment is transferred from your bank account, and the cashier at one of the casinos that support Instadebit will accept the funds. The developers of Instadebit claim that this method is even simpler than exchanging cheques.
Using the Instadebit eWallet will allow you to transfer funds to the casino accounts without specifying personal banking information. That is why this depositing method is especially popular among Canadian gamblers because it helps to bypass restrictions on gambling activity inside the country.
Customers can use two available currencies for making transactions – CAD and USD. However, they should remember that Instadebit payments may take up to five days to be completed. You can track your transactions directly in the app and find out if the payment has been already processed. Finally, Instadebit may be used because of the following advantages:
- Low fees for money transferring;
- High level of security;
- Opportunity to withdraw winnings;
- Helpful 24\7 support.
However, the service is available only for the residents of Canada.
CHOOSE THE BEST PAYMENT FOR YOU
In almost every gambling institution you will have a choice among a variety of deposit systems. Study the features of each payment service to determine which one is the best for you. Do not forget to familiarize yourself with the detailed info about the fees charged by different services in order to know exactly how much you will receive on your gaming account after a transaction.
Please note that careful learning of the details can save you precious time and money. Do not overpay when making a deposit and remember that every country applies its own rules to gambling activity, so make sure to select a deposit method accordingly.
Finally, think about 2-3 main criteria for the payment system that is important for you and find out which one best meets these requirements. A smart approach and accuracy will assist you in this regard, making your gambling experience remarkable and exciting.