The Best Casino Payment Methods in Canada

Our Latest Casino Payment Method Reviews 2024

Which Casino Payment Methods are the Most Safe, Reliable, and Secure?

Whether the casino you choose to play at is loaded with the best games or has the most appealing bonuses, Canadian players should always choose an online casino that offers a variety of safe and reliable payment methods. Here, we cover the significant details about all the casino payment methods in Canada.

How Safe are Your Details when Using Casino Payment Methods?

When we review the best online casinos in Canada, we always give very heavy weight to the available payment methods the casino offers and the security involved in any financial transactions. While variables like having the best casino games or most appealing casino bonuses are very important, there is zero point for a player to join a casino if the casino’s payment methods aren’t safe for Canadian players to use.

At CanadaCasino.ca, we only review the safest online casinos that are licensed by the leading regulatory bodies, such as the Malta Gaming Authority and Kahnawake Gaming Commission, and those casinos with the most reputable payment methods, as keeping Canadian players safe is at the very top of our priorities list.

What are the Different Types of Casino Payment Methods in Canada?

Let’s begin by taking a look at the different types of payment methods offered at Canadian casinos. We’ll consider factors like the payment method’s security, speed, and convenience.

1. Debit and Credit cards
2. Cryptocurrency
3. E-wallets
4. Mobile Casino Payments
5. Bank Transfers
6. Prepaid Cards and Vouchers

Debit and Credit Cards

Using a debit or credit card is one of the most common casino payment methods in use in Canada, and not merely because they are some of the fastest payment methods and most convenient, but also because they are surely some of the most secure payment methods available. Depending on the card though, debit and credit cards may incur a fee (although this isn’t typically the case), and, usually, credit cards can only be used for deposits, not withdrawals.

1. Visa: Perhaps the most widely used casino payment method, Visa cards provide speedy deposits and withdrawals with excellent security.

2. Mastercard: While Mastercard only allows for deposits, it is still an incredibly safe payment option and one that deposits quickly.

3. American Express: Although it is a more rarely-used payment method at Canadian casinos, the SafeKey authentication American Express makes this a very secure payment option for depositing to casino accounts, and it is widely accepted at Canadian casinos.

4. Debit Mastercard: A simple, safe, and smart casino payment option, Debit Mastercard provides the security of Mastercard with the control of debit, including the ability to withdraw from a casino account.

5. iDebit: Adding a layer of protection for your bank account, iDebit utilizes 128-bit encryption and KYC verification to provide fast and secure deposits and withdrawals for Canadian players. iDebit charges a $1.50 fee when you deposit directly from your bank account to your casino account and $2 to move funds back into your bank account for withdrawals.

6. Interac: One of the most popular casino payment methods in Canada, Interac acts like iDebit, adding a highly secure layer of SSL technology to the security already employed by your financial institution. It is easy and fast and allows for both deposits and withdrawals, charging less than $0.50 per transaction.

Cryptocurrency

Cryptocurrency casino payments have become a commonly used payment method across Canada. Not only can Canadian players expect faster transactions than most other payment options, but cryptocurrencies also offer players a decentralized, anonymous, and hyper-secure way to make transactions. They typically have lower fees as well.

Here are some of the most popular cryptocurrencies used at Canadian casinos:

1. Bitcoin: Known for its superior security and privacy, Bitcoin provides Canadian players with a casino payment option that is arguably the fastest for withdrawals, and certainly one of the most common.

2. Ethereum: A strong alternative to Bitcoin, Ethereum is a highly-traded cryptocurrency that works well as a casino payment method. It does have a small transaction fee, which fluctuates around somewhere around the $2 mark.

3. Litecoin: As a third option, Litecoin offers the sort of security and privacy as other cryptocurrency options, but is slightly faster with more economical transaction fees of less than $0.01 per transaction. Some Canadian casinos may add their own fee to Litecoin transactions though.

E-wallets

E-wallets offer Canadian players a digital space to store funds separately from their bank accounts and provide fast transactions with enhanced security features to Canadian players looking for reliable casino payment methods.

Some of the most popular E-wallets for Canadian casinos include the following:

1. PayPal: Perhaps the most popular E-wallet in Canada, PayPal is also the oldest E-wallet on the market. It’s reliable and globally trusted, and as a casino payment method, it is very secure and relatively fast. PayPal may charge players a standard transaction fee of $0.30 and may add a fee, typically up to 2.9% of the transaction amount.

2. MuchBetter: With added security features, such as security codes, device pairing, touch ID, and unique CVV codes for every transaction, MuchBetter is an E-wallet option Canadian players trust as a reliable casino payment method. There are zero transaction fees when using MuchBetter, although some casinos add a fee themselves.

3. Skrill: Providing another easy way for Canadian players to fund their bankrolls, Skrill is a quality E-wallet and a casino payment method that is growing in popularity. Skrill offers international bank transfers, and has its own crypto trading desk – features PayPal doesn’t have. The transaction fees are reasonable, and it has high withdrawal limits.

Mobile Casino Payment Methods

Canadian gamers absolutely care about speed when it comes to online gambling. Whether it’s fast deposits or withdrawals, speed is key. Pay by mobile network casinos are the fastest way for a player to deposit money. Players simply get to set their mobile networks as a payment option.

This means players don’t need to log into their banks, nor need to pull out their debit cards, nor need to do any identity verifications to play. They can simply through their mobile phone app with only a few taps.

1. Pay-By-Phone: Every Canadian player has a mobile phone, and that is all this casino payment method requires of players to make deposits. That’s why Pay-By-Phone apps like Boku and PayForIt are becoming more and more common for players to use. Instead of sharing banking or identity information with the casino, players’ mobile phone accounts are charged the amount deposited to the casino, with it appearing on the player’s next phone bill. There is often a deposit limit with a Pay-By-Phone app though, and there is no way to make withdrawals with it either.

2. Zimpler: This mobile app works a bit differently, while the player is identified by their mobile number, their mobile account is not charged like a Pay-By-Phone app. Instead, Zimpler works with its own separate account, and players can connect to their bank accounts or debit/credit cards. This casino payment method allows for withdrawals but also charges transaction fees, which vary greatly (depending on the amount and casino).

Bank Transfers

Relative to other casino payment methods, bank transfers probably seem a little dated to most of us, but they do remain secure and reliable casino deposit methods for those who do not wish to use debit or credit cards online and don’t mind waiting a little longer.

1. Bank Transfer: While not the quickest casino payment method, bank transfers are some of the most secure options available. There are also “fast” bank transfers that utilize the bank transfer method, but have designed “fast” authentication methods to speed up the process for Canadian players:

2. giropay: For those with a German bank account, giropay is an excellent casino payment method that is set up as a traditional bank transfer platform, with funds debited from their bank account, done “fast.” Depending on the player’s bank, payment confirmation will require additional authentication/PIN. It does not allow for withdrawals and may include small fees around 1%.

3. Trustly: A reliable technology company used by PayPal and others, Trustly offers its own casino payment method similar to a bank transfer that allows Canadian players to deposit or withdraw directly from their bank account.

4. iDEAL: operating as a direct bank transfer, from players’ bank accounts to their casino account, iDEAL is a casino payment method that is faster than a regular bank transfer.

5. eCheck: Working just as a regular bank check, eChecks deposit directly from players’ bank accounts. It’s a bit faster than bank transfers, but works similarly in terms of security.

6. Wire Transfers: A wire transfer is essentially a bank transfer; it’s just sent internationally. It’s very secure, but lacks the efficiency of most other casino payment options – but if players want security and need to access a foreign account, then this might be what works best for them.

7. POLi payments: Another zero personal or banking information sharing option, POLi payments create a temporary, secure portal to a player’s bank account, allowing players to deposit into or withdraw from their casino account. No sign-up is required to use POLi payments, and the fees are generally minimal.

8. InstaDebit: As a bank transfer platform, InstaDebit is a quick and secure casino payment method with increased privacy for Canadian players. InstaDebit charges a $1.95 fee to deposit from your bank account to your casino account and charges a $2 fee to move or withdraw funds from your InstaDebit account to your bank account.

Prepaid cards, coupons, and vouchers

Perhaps the safest of all casino payment methods is utilizing a prepaid card, coupon, or voucher. There is no link between the user of the prepaid card and their bank account or identity. There is often some sort of activation or transaction fee, and they only work for deposits, but they are the safest payment option available. 

These are some of the most common prepaid cards, coupons, and vouchers accepted at Canadian casinos:

1. PaySafeCard: As a prepaid card option, PaySafeCard is a casino payment method that is used in most Canadian casinos because it is so easy to use, providing a unique PIN that allows players to deposit into their casino accounts in one step.

2. Joker: Linked to major payment providers Visa and Mastercard, Joker is a disposable prepaid card that allows for instant deposits. Usually, Joker cards charge a fee upon purchase, not for transactions.

3. EcoVoucher: ecoVoucher (from Payz) provides Canadian players a casino payment method that is simple and secure. Players merely have to purchase an ecoVoucher, and the PIN they are provided with will work at many Canadian casinos for depositing without credit card or banking information required.

4. Vanilla: Accepted at most Canadian casinos as a payment option, Vanilla prepaid cards work by keeping banking information away from any casino depositing process. There is typically a purchase fee, but no transaction fees.

How to Choose the Best Casino Payment Methods in Canada

If Canadian players want to find the best casino payment method, consider the following:

Choose a payment method that offers maximum security

Always use payment methods that offer the maximum security. Protecting sensitive financial data while making transactions with a casino should be at the top of any priority list. That of course will start with looking at licensed and regulated casinos.

Choose a payment method known for a fast transaction process

If the casino payment method is safe, then players definitely want transactions to occur quickly, so that should be the next variable players should look for.

Look out for additional fees

Players should always know what sorts of fees any potential casino payment method might include before making any decisions. Understanding these is paramount to choosing the right payment method.

Consider the ease of use of the payment method

Some casino payments are more confusing to use than others, and some make use incredibly easy. Players should always choose the method easiest and most convenient for them.

Ensure that your preferred payment method is accepted by your chosen online casino

There’s absolutely no reason to try using a payment method that does not work at a player’s preferred casino. Canadian players should always verify ahead of time that their casino accepts the payment method they hope to use.

Choose a payment method that offers reliable customer support

Hopefully, players will not require help from a payment method’s customer support service, but those services should be investigated before committing to the use of any method. If players do require support, then they should expect a helpful one.

Finally, research about the reputation of the payment method

If everything above aligns nicely, then a bit of research into the casino payment method’s history and reputation is worth knowing as a final note of confirmation before commitment.

How to Place a Deposit and Withdraw Your Winnings

Placing a deposit and requesting a withdrawal are the two most significant transactions Canadian players need to be concerned with. Let’s take a quick look at how to complete these transactions.

How to place a deposit

1. Go to your casino profile and select “Cashier” from the drop-down menu.
2. Choose “Deposit.”
3. Complete the payment details and deposit amount.
4. Add a promo code (if you have one).
5. Click “Proceed.”

How to withdraw the winnings

1. Go to your casino profile and select “Cashier” from the drop-down menu.
2. Choose “Withdraw.”
3. Confirm the payment details (casinos often request players use the same payment methods as they used for deposits).
4. Enter the withdrawal amount.
5. Click “Request.”
6. The casino needs to process the withdrawal request and may ask for verification documents before doing so.

Solutions to common issues with casino payment methods

For the most part, casino payment methods are easy to use. On occasion though, Canadian players can run into issues, so we’ve gathered solutions to the most common problems players face when making payment transactions. 

1. I can’t find where to verify my payment methods

Casino payment methods are verified when players first make a deposit and can be updated or added to by making subsequent deposits. From the casino dashboard, go to the Cashier and select “Deposit.” From there, players can see which payment methods are verified.

2. I can’t change my payment method on my account

Casino payment methods can be changed by making a new deposit at the casino. From the casino dashboard, go to the Cashier and select “Deposit.” From there, players can choose from a menu to select a new payment method.

3. I can’t remove my credit card from my account

From the casino dashboard, players should be able to add or remove payment methods from their payment list.

4. In-game deposits from my mobile are not working

Oftentimes, this is merely an issue with the data processing, and waiting is the best course of action. Try again in 15 minutes if it didn’t work the first time. There may just be a delay, so trying too many times might result in multiple deposits. If players are still unable to deposit after a few attempts over an hour or so, then contact the casino’s customer support.

5. I requested a withdrawal to my card. Why are the funds still available in my balance?

Patience. Withdrawals can take some time to be processed. First, the casino needs to approve the withdrawal, and some casinos take up to 5 days or more to process withdrawal requests. Then, the payment provider must process the withdrawal, which can take another 5 days or more depending on the method of payment.

Players should therefore find out the average processing time for withdrawals at their casino, and for their chosen payment method to have a better idea of expected wait-time. If the withdrawal remains pending longer than expected, players should contact the casino’s customer support. 

6. My latest deposit hasn’t been added to my account

Deposits are generally instantaneous at Canadian casinos, but, on occasion, they take a bit longer – and sometimes they may even take up to 24 hours to appear in the account. Waiting longer than 24 hours is too long to wait for a deposit though, so players should contact customer support if this much time does pass waiting for a deposit.

7. I am unable to withdraw my winnings

Check the casino’s wagering requirements. This is the most common reason players cannot withdraw from their account. Verifying that the amount meets the minimum withdrawal amount (typically $10 or $20) is also worth confirming, as is verifying that your chosen payment method allows for withdrawals.

8. I can’t cancel my withdrawal

Withdrawals can only be cancelled before the casino has processed them. If you cannot cancel a withdrawal, it is because it has gone beyond that point and is being processed by the payment method provider.

9. I didn’t receive my winnings in full

If the winnings are connected to a bonus or promotional offer, then players should read the Terms and Conditions of the promotion to be sure they meet the requirements. Players may be limited in how much they can withdraw, depending on the conditions of the bonus. If, on the other hand, the winnings had no connection to a bonus, then players should contact customer support.

Find Safe & Quick Casino Payment Methods in Canada

It may have the best games or the most appealing bonuses, but if the casino does not offer Canadian players a variety of safe and reliable payment methods, then players should be looking elsewhere. If players follow the advice above though, and play at licensed casinos with the best casino payment methods available, then they should find a safe, reliable, and quick payment method that works well for them.