Players in Canada have an array of online casino payment methods to choose from. We’re here to help you find the best. Read on as we look at the methods that offer speed, security, and the lowest transaction fees. These are the ones that we’ve put to the test ourselves so that we can share all that you need to know.
Casino Payment Methods in Canada 2024
Debit, credit, and prepaid cards
Cards are a hugely popular casino payment option. These offer familiarity and proven security, while prepaid cards are a great option for managing a budget. Here’s a look at what they have to offer:
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Debit CardRead moreDebit cards are a reliable and straightforward choice. They allow instant deposits, and you can be sure that withdrawals are secure thanks to robust protection features.
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MasterCardRead moreMasterCard is another one of the widely accepted online casino payment methods. It stands out due to its security and speed. It’s also globally accepted.
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VISARead moreVISA is a top choice for players in Canada. It is well known for fast and secure transactions, with a solid reputation around the world.
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American ExpressRead moreInstantly recognizable, American Express is known for its premium touch. You can enjoy fast and secure transactions, along with perks such as loyalty points.
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PaysafecardRead moreIf you're looking for security and the ultimate in control, as a prepaid card, Paysafecard offers both of these and more. Enjoy making casino payments with no need to link to your bank account.
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MaestroRead moreAnother reliable debit card that falls into one of the most secure casino banking options. With a direct link to your bank account, you can be sure of transactions that are fast.
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RevolutRead moreA modern account and card, Revolut allows players to manage casino transactions with ease. Revolut comes with competitive exchange rates and even supports crypto.
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Prepaid VISARead morePreloaded with a specific amount, this is one of the top casino deposit providers in Canada. Enjoy your gameplay without the fear of overspending.
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NeoSurfRead moreAs a prepaid voucher system, NeoSurf leaves players in complete control. It offers a simple, safe, and fast way to deposit funds while keeping your bank details private.
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AstroPayRead moreIf you’re looking for instant, secure, and private transactions, AstroPay may well be for you. It supports both prepaid and e-wallets.
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UkashRead moreUkash allows you to convert cash into vouchers. This means that you can enjoy casino deposits that are straightforward, private, and secure.
E-wallets
E-wallets are a preferred choice for players in Canada. They offer fast and secure transactions, without the need to share your bank details with the casino. Here’s a look at some of the most popular choices:
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MuchBetterRead moreIt is a mobile e-wallet that is perfect for casino players due to its ease of use and low fees. Transactions are secure and fast.
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Payz CasinosRead moreThis e-wallet was previously called ecoPayz. It has long been trusted by players and is known for providing hassle-free casino transactions.
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JetonRead moreWith Jeton, you benefit from a sleek and secure payment processor. This is ideal for casino transactions with low fees and the ability to support numerous currencies.
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PayPalRead morePerhaps the most famous e-wallet account there is, PayPal allows for secure transactions that are actioned in an instant. PayPal is also known for adding layers of customer protection.
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SkrillRead moreSkrill is one of the most popular methods among casino players. Payments are fast with Skrill, and it can be trusted when it comes to security levels.
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ZimplerRead moreThis is designed for payments to be made via your mobile. It streamlines the deposit process and provides one of the best user experiences around.
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PayeerRead moreClassed as an all-in-one payment platform, Payeer is able to support both fiat and crypto transactions. This level of versatility is perfect for casino players.
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NetellerRead moreNeteller is a long-standing favorite at top online casinos. Transactions are both speedy and safe, and the name is one that is instantly recognized as being trusted.
Bank Transfers
When it comes to casino payment methods, bank transfers have long been a trusted choice for casino players. Bank transfers offer a secure, direct, and reliable way of funding your casino account.
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InteracRead moreInterac is a favorite choice for Canadian players. It offers fast, secure, and simple transfers, directly from your account. This makes it ideal for deposits and withdrawals.
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eCheckRead moreElectronic cheques are a secure, and traditional, payment method. While this may not be the fastest option, you can be sure of the levels of security.
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iDebitRead moreThis is a convenient online banking method. It lets you make direct casino deposits and withdrawals, with low fees and high security.
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GigadatRead moreThis payment processor is designed for the Canadian market. It supports instant and secure casino deposits and ensures that all transactions are simple.
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Instant BankingRead moreInstant banking works by connecting your bank account directly to the casino. This allows you to make deposits in real-time as well and benefit from fast withdrawals.
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Pay by PhoneRead moreOffering new levels of convenience, you can fund your casino account via your phone bill. A pay by phone bill casino allows for fast deposits with no need to link your bank or card.
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BokuRead moreBoku is a mobile payment solution. You can quickly fund your casino account with charges being added straight to your phone bill.
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POLiRead moreIf you opt to use POLi, you can make instant deposits to your chosen casino, with no need to link a card. This offers high levels of security.
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iDEALRead moreThis payment method is used widely across Europe and is gaining popularity in Canada. It allows you to make direct payments from your bank to your casino in real-time.
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Bank TransferRead moreThis is a classic payment method. While there are slower processing times when compared to other methods, you can be sure of security and, usually, higher limits.
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INSTADEBITRead moreThis is an option open exclusively for Canadian players. With it, you can make secure payments directly to your bank account.
Cryptocurrencies
Cryptocurrencies have become extremely popular with casino players. They allow you to enjoy fast processing times, heightened levels of security, and added layers of privacy. These are some of the most popular being used right now:
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BitcoinRead moreThe first crypto to be launched, Bitcoin is widely accepted at Canadian casinos. It offers secure deposits along with fast, and anonymous withdrawals with no need to involve intermediaries.
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DogecoinRead moreViewed as a playful and fun crypto, Dogecoin is extremely popular with casino users. It offers low fees and fast transactions.
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EthereumRead moreEthereum goes way beyond just offering payment methods. Its smart contract options make it a popular choice for those looking for a fast and secure deposit and withdrawal option.
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LitecoinRead moreOften chosen for its speed and low fees, Litecoin is also known for allowing players to make fast deposits and withdrawals. This makes it ideal for casino players.
Comparison of casino payment methods
Our team has compiled this table so that you can compare payment methods at a glance. This will help you to easily decide on which works for you best:
| Type of payment | Fees | Deposit Time | Withdrawal Time | Security |
|---|---|---|---|---|
| Mastercard | 0.40% for CAD 0.80% in foreign currency | Instant | 1-5 days | Authentication, Encryption, ID Theft Protection, three-digit Cardholder Verification Value. |
| Visa | 0.09% CAD | Instant | 1-5 days | Authentication, Encryption, magnetic stripe, embossing, dove hologram and three-digit Cardholder Verification Value. |
| PaysafeCard | 0.50% plus $0.10 | Instant | 24 hours | Encryption, 16-digit PINs, no bank data needed. |
| Interac | $0-$1.5/transaction | Instant | 24-72 hours | Encryption, Security Questions, Confidential login through financial institution. |
| eCheck | $0.50-$2 | Instant | 24-72 hours | Authentication, Encryption, Certificate authorities, Digital Signature |
| InstaDebit | $0-$2 | Instant | 24-72 hours | Data Protection, Identity Verification, Privacy Control, Secure Transmission. |
| Payz | Free | Instant | 24 hours | Payment Card Industry Data Security Standard (PCI DSS) |
| MuchBetter | Free | Instant | 24-72 hours | Two-factor authentication, Encryption, Secure authorization via mobile. |
| PayPal | 2.59% plus $0.49 | Instant | 24 hours | Only email address and password, no shared data, 24/7 fraud protection, Financial encryption |
| Bitcoin | 0BTC-0.001 BTC | Instant | 24 hours | Multi-layered protection. Transaction mining, Transaction hashing, Public-key cryptography. |
How to choose your payment method
With so many payment options available in Canada, you may not be sure where to start. Below, we have our top tips to guide you to the method that works best for you.
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Check Security and Safety
No matter which payment method you choose, security and safety are the number one priority. Seek options that keep your details private, and only ever register at casinos that are licensed and regulated.
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Check Transactions Speed
Next, there's the need to check out transaction speed. Canadian players have plenty of options that allow for instant deposits and fast withdrawals, so there’s no need to compromise. It's also important at this point to check out any fees that may apply.
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Consider Convenience and Accessibility
Be sure that your chosen payment service is actually supported by your casino of choice. This allows you to fund your account with ease, and make withdrawals without any inconvenience.
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Payment Restrictions in Canadian Online Casinos
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Regional restrictions. Not all payment methods are universally accepted due to service provider terms or local laws. For example, in new Ontario licensed casinos Apple Cash is not an approved option for deposits or withdrawals. Also, certain deposit methods limit your chances to claim bonuses. We can mention Skrill and Neteller as examples.
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Deposit and Withdrawal Limits. Payment method terms can dictate deposit and withdrawal limits. Wire transfers have high withdrawal limits, ideal for high rollers. Debit cards have lower limits. Deposits typically range from $10 to $10,000 CAD, and withdrawals start at $20 and max out at $10,000.
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Currency Restrictions. Some casinos don't accept Canadian dollars (CAD), leading to currency conversion fees. Always check if the casino supports CAD to avoid extra costs. Wire transfers have the highest fees. So, if your account is in CAD, select CAD for casino transactions.
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Verification Restrictions. Casinos require verification to prevent underage gambling and comply with anti-money laundering laws. This involves submitting documents like ID and proof of address, which can delay withdrawals.
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Canadian Regulations. Casinos licensed by the Kahnawake Gaming Commission (KGC) or eCOGRA ensure safe, fair play and prevent money laundering. Always verify that you're playing in a regulated and licensed casino.
Gerda Grinova
Expert in:
- Casino reviews
- Online Games
- Online Slots
Payment FAQs
Which payment methods are more safe and secure?
The safest method is the fastest and most accepted in your country. We recommend credit cards, prepaid cards, and e-wallets. For example, credit cards offer fraud protection. E-wallets provide extra security for your financial data.
What withdrawal options are faster?
E-wallets (Paypal, Payz) are the most promising solutions for withdrawals within 24 hours. Credit or debit card withdrawals for large amounts take longer. If quick access to your winnings is a priority, e-wallets are the way to go.
Can I use all payment methods for casino deposits?
Not all types of methods are available to make a deposit or withdrawal. Most casinos worldwide accept credit and debit cards. Yet, not all of them support specific e-wallets or cryptocurrencies. Also, some methods may only be available for deposits, not withdrawals. Before you make casino deposits, verify the accepted methods at the casino's website.
What are popular payment methods in Canadian online casinos?
Popular payment methods in Canadian casinos include debit and credit cards and e-wallets. Crypto coins will also gain more traction in 2024. Canadian players love these methods for their reliability, speed, and security.
Are there any fees or limits for payments in online casinos?
While many casinos offer fee-free deposits, some payment providers may charge a transaction fee. Withdrawal fees are also possible, especially with wire transfers. It's important to check these details beforehand to avoid surprises. Another point to consider is your gaming currency. It is best to make deposits in Canadian dollars (CAD) to avoid complications and, of course, cut extra conversion costs.
What are the best payment methods for making minimum deposits?
At minimum deposit casinos, you'll find that debit and credit cards are the favored options. These usually have the lowest limits. On the other hand, e-wallets tend to have higher higher levels.
How are winnings at online casinos paid out?
Generally, any winnings at an online casino will be paid out via the same method that you used to make a deposit. If your deposit method doesn’t support withdrawals, you’ll need to choose another option.
Do I have to have a bank account to play at an online casino?
No, you don’t need to have a bank account to play. With options such as prepaid cards, mobile payments, and crypto, it’s possible to enjoy online casino games without one.
