Popular Payment Methods for Canada Online Casinos
One of the significant hurdles that newbies wishing to play with real money in the online casino world face is dealing with sharing their personal details for transactions. Whether it is a deposit for beginning an account or withdrawal, they look for secure, convenient, safe and reliable payment methods. Most of the popular online casinos with good reviews that have a legitimate license and follow regulations have safe and highly secure payment methods for handling payouts. All the legal Canada casinos we feature accept the commonly used payment methods including PayPal, credit cards, Skrill, Neteller and more. You can play any of the casino games, including Baccarat, slots, live games, and other royal casino games safely using these payment systems.
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How You Can Pay Deposit
Online casino sites in Canada accept Canada Dollars for deposit. You can also place the bets in CAD and winners can receive payments in CAD too. Thus when you choose a top rated CA casino online you can avoid the hassle of exchanging currency.
Paying deposit at Canada Casinos is easy. Here are the steps to use:
- After setting up an account with the casino site, you have to choose the Deposit option.
- You will get a list of payment methods from which you can choose one that is suitable for you.
- The payment will be completed once you follow the set of instructions.
- For withdrawal of money, you should choose Withdrawal method and pick a method you prefer. The process will complete once you finish all the instructions provided.
Common payments methods
PayPal
This is a most popular online payment system that many online casino sites accept. However, since not all casinos support this system you need to check with the terms and conditions of the site you are using to ensure they use PayPal.
PayPal account set up is simple and completely free. You need to have a legitimate and verified email address. The system can be used for deposit and withdrawal in an extremely secure way.
Since PayPal is a common payment mode used for online shopping and at sites like eBay, most people will have an account and moreover, all types of devices support the system.
The only hitch is the standard fee charged by PayPal for transactions. It charges 3.4% and $0.45 for personal accounts and a lesser percentage for business accounts, which have a turnover of over $5000 via PayPal.
Visa
Of the credit cards used commonly worldwide, Visa is a popular card because of important factors like:
- It is a reliable method
- Has highest security
- Uses advanced security measures for protection of deposits
- Funds transfer is instant
- Depositing money into your online casino account is very simple and straightforward
- After your initial deposit all card details are stored by the casino making it easier for future deposits.
MasterCard
MasterCard is on par with Visa in relation to instant money transaction and security. You gain several perks while depositing money via MasterCard at the Canada online casinos. You need to just enter the cash amount you want to deposit and enter the 16 digit pin code number in the card and confirm the details for the money transfer. And details are stored for future use.
Skrill
Known earlier as MoneyBookers, Skrill is a well-known e-wallet that has free signup and usage features. You can add funds to the account in different ways and with the available funds you just go to the cashier page of the online casino and choose Skrill option.
For the first time, you use the method, enter the secure ID and number of your Skrill account. For further transactions, the details will be stored and used. Once the details are confirmed you will have to return to Skrill account log in page. You have to login again for completing the transaction. This is also a highly secure way.
Neteller
Neteller is an e-wallet service like Skrill that many players favour. It is free, secure and easy to use for deposit and withdrawal of money from online casinos. You have to submit your secure ID and Neteller account number every time you make a casino deposit. But you need not return to Neteller login webpage before making the deposit. This is another payment method accepted in all Canada casinos online.
Ecopayz
Ecopayz is another prepaid type of debit card operated by PSI-Pay Ltd. It offers a safe and highly protected payment system. The other products include ecoCard, ecoVoucher, and ecoAccount.
Entropay
Debit cards of prepaid type are increasingly used in Canada casino online sites as they are preferred by players who do not wish to make payments via credit card. And this is also ideal for players who do not own a credit card. The Entropay prepaid cards founded in 2003 by Ixaris system give you the advantage of not divulging your banking details and are considered safest of the online payment methods present. The Entropaycards are available at all participating retail stores in Canada. They have a preloaded CAD amount so you can purchase the card with the amount you want. You can also buy multiple cards to have the total amount needed for your gambling. Using the card is simple. You have to choose the prepaid card option in the casino cashier page, and enter the card’s PIN.
Paysafecard
Paysafecard is another globally leading prepaid card that allows customers to deposit payments with the help of PIN numbers. It is available in more than 600,000 outlets in Canada.
Euteller
Euteller is an e-wallet solution that casino players can pay with their mobile to fund their casino accounts. The products offered by the e-wallet system include Siirto, which is the mobile payment solution and Personal account system.
Bank Transfers
When it comes to casino deposit options, a bank transfer is one of the classics. Formally known as electric fund transfers, this payment method was one of the first to use modern technology widely around the world when internet purchases became popular. Bank transfers work by electronically sending your money from one account to another without the need for a physical. In order to complete a bank transfer to your chosen CA online casino, you will need to have a bank account that has the necessary funds to do so. Bank transfers are a reliable way to deposit and receive money, however, it is common for fees to be added depending on your bank and online casino that you use. This is especially true for when you are withdrawing your winnings as most casinos will charge a fee for using a bank transfer and it will take a few days before you receive your money.
Cryptocurrency
The most modern out of casino deposit options, Cryptocurrency is a relatively new way for you to be able to fund and withdraw money from CA online casinos. Unlike the CA dollar, cryptocurrency is completely digital and secured online through blockchain technology. This secures the transaction data and makes all cryptocurrency extremely secure.
There are many different cryptocurrencies available and since there is no central regulation their price can fluctuate. Bitcoin is the original cryptocurrency and has the largest market share, but there are many other options available too, including Ethereum, Litecoin, and Tether.
Buying cryptocurrencies is a little more complex than using the CA dollar. You have to make an account for a cryptocurrency exchange website and then purchase what coin you want and how much via that account. In order to store your cryptocurrency, you will need to have a digital wallet to store it in, but there are many free options available. Cryptocurrency is the most flexible payment method at CA online casinos and at most of them, you can deposit and withdraw your money free of charge.
Most popular Cryptocurrencies
Bitcoin
Bitcoin is the most popular cryptocurrency in the world that is also the most expensive to buy. Most casinos offering cryptocurrency payments will take Bitcoin since it is the gold standard in the industry.
Ethereum
Ethereum is the second-largest cryptocurrency in market value and is another great option if you want to use crypto when playing in CA online casinos. Like Bitcoin, Ethereum transactions are instant and extremely secure.
Offline Payments
Although there are multiple digital payment options available for CA online casino lovers, some people still prefer offline payments. While offline payments can take a little longer than other options out there, you can use them to securely deposit and sometimes withdraw money from your casino account. The invention of offline payment transfers changed the way that the world operated. They have been around as early as the 19th century when wire transfers were first invented and still serve a purpose. There are a few different offline payment methods that are available, so if you prefer the old school then offline payments will be the best for you.
Most Popular Offline Payments
Wire Transfer
Wire transfers were developed in the late 1800s in order to move money from person to person or between businesses. They work by sending codes between banking institutions that relay the information regarding the amount being sent. Wire transfers aren’t instant and fees are common.
Western Union
One of the most well known names in money transfers is Western Union. Originally known for being a leading company in the telegraph industry back in the late 1800s, now the company offers in person money transfers all around the world. You can visit a Western Union and send money to CA casinos that accept this form of payment.
How To Choose The Best Banking Option?
All banking options are different, but that doesn’t mean there is one that is better than the rest. Choosing the best banking option for you involves thinking about what you want in a service. Some aspects to think about when deciding on the best banking option for you include:
Security
Every online casino deposit option is secure, but depending on your own preferences there are some that offer more personal security than others. If you would like to deposit your money outside of using regular banking methods there are options out there for you, such as cryptocurrency.
Currency
Making a choice on what currency works best for you is a very important point to keep in mind. All CA online casinos will accept CAD, but you may also have other choices if you do not wish to use it.
Fees
Is saving money important for you?: Evaluating the fees of each casino deposit methods is a great way to see how you can avoid paying fees. All CA online casinos have their own fee structure, but it is very common for cryptocurrencies to not have any fees associated with them.
Does it offer deposits and withdrawals?
Would you prefer to have one option for both depositing and withdrawing? Or do you not mind having to open two different accounts depending on what you are wanting to do.
How Do You Deposit Money at An Online Casino in Canada?
No matter what banking option you choose, depositing money at an CA online casino is very straightforward and secure. There are only a few steps that you have to follow:
Setting up your account:
In order to make a deposit, you need to have an account with the online casino. To set up an account you will need to provide some personal details such as your full name, address, date of birth, and address. Setting up an account will only take a few minutes and then you will be ready to move on to the next step.
Making your first deposit:
Your first deposit is important because it may make you eligible for a welcome bonus. Available at some CA online casinos, welcome bonuses give you extra credit to spend on certain casino games once you have made your first deposit. If you want to claim a welcome bonus make sure to deposit the right amount to do so. This step is also where you will choose what casino deposit option to use.
Being safe:
When making a deposit make sure that you are using a secure internet connection and your credentials are protected. You can trust online CA casinos as all of the best sites use SSL encryption so your data will be safe, but remember to protect it coming out of your own devices.
Minimum Deposit Casino Payment Methods
Usually, there are minimum deposit amounts in place, but the number is quite low (usually around $20). If you are looking to claim a welcome bonus you will be rewarded for the more money you deposit in correspondence to the bonus terms. For example, if your welcome bonus is 3x your first deposit with a minimum of $20 and a maximum of $200, the more you deposit the more bonus monies you will gain.
How Do You Withdraw Your Money?
Withdrawing your money is very simple. In CA you are not taxed on casino winnings, so all you have to do is choose what your withdrawal method will be and approve it.
Fast Withdrawal Casino Options
If you are looking to pay as little fees as possible and receive your money quickly, withdrawing in cryptocurrency or via a mobile payment app is the way to go.
Popular FAQ
Do I have to always use the same online casino payment option?
No. If you wish to try out one deposit method and then change once you are ready to make your second deposit, you are free to do so at any time. This also goes for when you are ready to make withdrawals from your CA online casino account.
How do I find out what the minimum deposit number is?
All of the best CA online casino sites will display their minimum deposit amounts in their terms and conditions. You can access the terms and conditions page from the homepage and also read more about any bonus terms that you need to abide to if you are interested in claiming one.
Can you make online casino deposit options outside of business hours?
Yes. One of the best parts about online casinos is that you can play at any time you please. This includes making deposits and withdrawals on your terms when it suits you.
What is the most popular casino deposit method?
Due to the wide variety of people’s needs and wants there is no clear deposit method. All deposit methods used in CA online casinos have their own fans depending on the needs and wants of the individual using their favourite online casino.
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