Casino Payment Methods

Find the Best Casino Payment Methods in Canada

When a new online casino catches someone’s eye, very few people stop to think about payment methods. However, taking a moment to look over the payment methods list can be the difference between enjoying yourself and ending up with buyer’s remorse.

LeoVegas

1
89 score
$0 Free Games Available
- Award-Winning Casino
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | Available to Ontario residents only. | Terms and conditions applies

SlotsMagic Casino

2
87 score
$0 30+ Live Casino Games
- Mobile Compatible Site
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | Available to Ontario players only. | Terms and conditions applies

Bet365

3
82 score
$0 Great Selection of Slots
- Mobile App Available
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | Available to Ontario residents only. | Terms and conditions applies

BetMGM

4
81 score
$0 2022 Casino Operator of the Year
- Exclusive Games
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | Ontario residents only. | Terms and conditions applies

BetRivers

5
81 score
$0 Award-Winning Casino
- Fast Payouts
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | 19+. Ontario Only. Please play responsibly. If you have questions or concerns about your gambling or someone close to you, please contact ConnexOntario at 1-866-531-2600 to speak to an advisor, free of charge. | Terms and conditions applies

PlayOJO

6
81 score
$0 Over 600+ Games
- No Minimum Withdrawal
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | Ontario Only. Please play responsibly. If you have questions or concerns about your gambling or someone close to you, please contact ConnexOntario at 1-866-531-2600 to speak to an advisor, free of charge. | Terms and conditions applies

ComeOn

7
80 score
$0 Exclusive Live Casino
- Interac Available for Deposits
Review Play here

19+ | Gambling can be addictive, please play responsibly. | Connexontario.ca/en-ca | Available to Ontario players only. | Terms and conditions applies

Are All Casino Payment Methods Secure in Canada?

When playing at a Canadian online casino, you need to deposit money in your account to pay for your games.

But is it safe to deposit funds with a casino? And how do I know if a casino is safe to play with?

Licensed casinos follow strict regulations and are monitored closely to ensure players’ funds are secure and stored separately from the casino’s own finances.

Furthermore, licensed online casinos have rules to assist them in making sure your financial transactions, and data, are secured.

We highly recommend that you use only safe and licensed casinos that use reputable payment methods online!

What is an online casino payment method?

Payment methods can be anything from credit or debit cards, e-wallets, electronic transfers, prepaid cards, bank transfers and sometimes even cryptocurrencies.

Licensed online casinos support various options of payment methods to enable players to deposit funds and withdraw any winnings.

Globally trusted solutions like Visa, Mastercard, PaySafeCard, Interac and EcoPayz, amongst many others, enable Canadians to participate in online gaming while enjoying the safest standards possible.

Using any of these payment methods is not that different from purchasing something online. The only difference is that instead of buying an object, you are purchasing rounds on a virtual game.

2 reasons why casino payment methods are safe online

  1. Safe as a service

The most trustworthy online casinos support only globally trusted solutions, that are familiar to players and can be used in all manner of online and even retail purchases. Such payment methods often include Visa, Mastercard, Interac, iDebit, Citadel, InstaDebit, Trustly, PaySafeCard and Cryptocurrencies.

2. Safety net for players

  • Better bankroll management – A variety of payment solutions enables players to keep funds allocated for gambling separate from their income or other finances. It also enables them to keep an eye on their losses and segregate any accumulated winnings.
  • A payment method for different operations – Although most casinos require you to use the same payment solution for both deposits and withdrawals, you can still switch from one solution to the other, depending on the transaction type or occasion.

Check Out the Best Payment Methods in Canada

Payment Method
Name
TypeAverage Deposit TimeAverage Withdrawal TimeProvider’s Transaction feesProsCons

Visa
Credit / Prepaid / Debit CardInstant1-5 Days2%AvailableFees, Not secure
MasterCardCredit / Prepaid / Debit CardInstant1-5 Days1.5%AvailableFees, Not secure
MaestroDebit CardInstant1-5 Days1.5%AvailableFees, Not secure
American ExpressCredit / Debit CardInstant1-5 DaysNoneSpeedFees, Not secure
InstadebiteWalletInstantUp to 10 days$1.95 for depositing, $2 for withdrawalSecure, FastFees, Limited casinos
PayPaleWalletInstantUp to a dayFreeSecure, Fast, FreeLimited casinos
EcoPayzeWalletUp to a dayInstant1.69-2.9% for depositsSecure, FastFees
InteracInstant BankingInstantInstantFreeSecure, Fast, FreeYour bank has to be a partner
iDebitInstant BankingInstantInstant$2Secure, FastLimited casinos
eCheckInstant BankingInstant1-7 Days$0.30 – $1.50Secure, SimpleFees, Limited casinos
RevolutMobile AppInstantN/AFreeSecure, Fast, FreeLimited casinos, unable to withdraw $
FlexepinMobile AppInstantN/AFreeSecure, Fast, FreeLimited casinos, unable to withdraw $
NeosurfMobile AppInstantN/AFreeSecure, Fast, FreeLimited casinos, unable to withdraw $
Pay by phoneMobile AppInstantN/A0%-10%Secure, FastLimited casinos, unable to withdraw $
PaySafeCardPrepaid CardInstantN/AFreeSecure, Fast, FreeUnable to withdraw $
EntropayPrepaid CardInstantInstantFreeSecure, Fast, FreeLimited casinos
BitcoinCryptocurrencyInstantInstantFreeSecure, Fast, FreeLimited casinos
EthereumCryptocurrencyInstantInstantFreeSecure, Fast, FreeLimited casinos
LitecoinCryptocurrencyInstantInstantFreeSecure, Fast, FreeLimited casinos
RippleCryptocurrencyInstantInstantFreeSecure, Fast, FreeLimited casinos
StellarCryptocurrencyInstantInstantFreeSecure, Fast, FreeLimited casinos

Discover the different types of payment methods

Here are some of the most popular online casino payment methods used in Canada, starting with some of the most universally accepted payment methods.

Debit & Credit Cards

  • Visa – Visa is available as credit, debit, or prepaid cards and is almost universally accepted as a payment method; it’s fast, simple, and accessible.
  • MasterCard – Like Visa, Mastercard is typically available in three different forms: credit, debit, or prepaid cards. However, while accepted at most casinos, it’s not as secure as an eWallet.
  • Maestro – Maestro cards are a subdivision of MasterCards, and are only available as debit cards. Using a debit card is an excellent way to ensure that you spend only what you have.
  • American Express – American Express is widely accepted as a payment method at most casinos.

e-Wallets

  • PayPal –  PayPal is a popular payment method, acting as an intermediary between your bank account and the internet. It keeps your financial data secure. It’s widely accepted and safe.

Instant Banking

  • Interac – Interac is an instant banking option that’s widely accepted and safe.
  • iDebit – iDebit is fast, secure, and relatively inexpensive, if not as widely accepted as Interac.

Mobile Apps

  • Revolut – The convenience of this method is one of the driving forces behind its popularity. However, the disadvantage is that you will need a different way of withdrawing your winnings.
  • Pay by Phone – Payment by phone using SMS is sometimes an accepted payment method online. The fees are impacted by your telecom provider fees, though.

Cryptocurrency

  • Bitcoin – Bitcoin is one of the most popular cryptocurrencies accepted at online casinos. Though it’s slower than other cryptocurrencies, it’s very secure.
  • Ethereum – This is the second most acceptable payment method online with crypto casinos. Like all cryptocurrencies, it’s fast, free, and secure.

If protecting your financial data is essential, cryptocurrencies are the way to go forward. Not only is it secure, but it’s also fast and relatively inexpensive

Conclusion

With the online casino industry booming in Canada, operators are adding more payment methods to their sites. There has been an increase in the popularity of cryptocurrencies, however, you can’t beat the local payment methods like Interac.

frequently asked questions

That depends on what payment methods you have access to and which one suits your needs the best. When it comes to protecting your financial data, most eWallets or cryptocurrencies will add another layer of security to your account.
You should find the answer to your question in the FAQ section of your online casino. Each casino differs from the others, so it's better to check with your casino to see what will work for them. Alternatively, contact customer service.
You can trust a licensed casino if it’s a secure website. The best way to determine the safety of the website is to look at the address bar on your browser; if there is a little green lock, you are secure. Another way is to look at the privacy policy and see if they have encryption technology protecting your data.