This is your A to B guide on casino payment methods. With A being about the Action and paying to play, and B focusing on Banking out your winnings. We will be discussing all the need-to-know details and insightful info that will help you to realize your options when it comes to securing online payments with the best casinos in Canada.
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How Does Online Casino Payment Work?
The practicalities of paying online with a casino are no different from any other service that has been providing goods and services on the internet since the early 90s. Many Canadian casinos support their members with regulated and reputable payment services that help to deposit and withdraw using CAD currency. Below, we look at how the steps of making a casino payment are typically done, and how to action a withdrawal.
Depositing Funds
While each casino has their own unique features and services, the process of depositing funds remains largely the same across all of Canada’s top casinos. These are the steps of making a deposit into your account from the position of logging into your already active account.
- Log into your casino.
- Access your account.
- Select Banking.
- Select Deposit.
- Choose your preferred method of payment.
- Enter the amount you wish to deposit.
- Enter any Bonus Codes if required when claiming a promotion.
- Confirm Deposit and enter password and CVV Card Number.
- Deposits are processed instantly.
The minimal values will vary across casinos, but the value box you enter your amount into will indicate the minimum deposit that can be made.
Withdrawing Funds
If you have found yourself to be on luck’s side and have won money while playing inside the casino, the withdrawal process is easy to enact. Here are the steps to cashing out your winnings from the point of logging into your already activated account.
- Log into your casino.
- Access your account.
- Select Banking.
- Click on Withdraw.
- Your transaction method will be defaulted to the service you selected for depositing.
- Enter the amount you wish to withdraw.
- Confirm Withdrawal with password.
- Your withdrawal request will then be submitted to the casino’s accounts for them to action approval.
The min and max withdrawal amounts will be indicated next to the value box. The time taken to return funds into your bank account is relative to the method of payment you select or had pre-selected.
Casino Payment Deposit and Withdrawal Times
There are many methods of banking that can complete an online casino payment. In this table below, we highlight the Canadian-friendly services most commonly found among the casinos we recommend at Casimoose.
The table indicates the methods, times, transaction cost (on average) and any fees imposed. So, take a look and it might just help you to decide on how you will bank with your new online casino.
| Method | Deposit Time | Withdrawal Time | Min. Deposit* | Max. Withdrawal* | Fees |
|---|---|---|---|---|---|
| Visa | Instant | 1–5 days | CA$10 | CA$20,000 | Free |
| MasterCard | Instant | 1–5 days | CA$10 | CA$20,000 | Free |
| Maestro | Instant | 1–5 days | CA$10 | CA$20,000 | Free |
| Interac | Instant | 1–3 days | CA$10 | CA$10,000 | Free |
| ApplePay | Instant | 1–3 days | CA$5 | CA$5,000 | Free |
| GooglePay | Instant | 1–3 days | CA$5 | CA$5,000 | Free |
| PayPal | Instant | 1–2 days | CA$10 | CA$5,000 | Free |
| Skrill | Instant | 1–3 days | CA$10 | CA$5,000 | Free |
| Neteller | Instant | 1–3 days | CA$10 | CA$5,000 | Free |
| Paysafecard | Instant | 1–3 days | CA$5 | CA$1,000 | Free |
| EcoPayz | Instant | 1–3 days | CA$5 | CA$5,000 | Free |
| BankWireTransfer | 2-8 days | 2–8 days | CA$10 | CA$20,000 | Free |
| Bitcoin | Instant | Instant | 0.0001BTC | 1BTC | Free |
Note * refers to average values.
Online Casino Payment Options
You can access further information about casino payment options here. The brief descriptions are tied to a comprehensive review of each service commonly found within Canadian casinos online.
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PayPal is a leading global payment service provider with over 20 years of experience in the industry. It's also a common payment option as many of your favourite casinos in Canada, all of which you can discover in this banking guide.
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eCheck is a familiar payment method at popular Canadian online casinos that offers convenience and security. Learn how to pay with digital checks at your favourite online casinos and sports betting sites in this detailed guide.
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Bitcoin is the most well-known cryptocurrency and a popular payment option at various cryptocurrency casinos. If you're interested in learning more about Bitcoin casino banking, this banking guide has all the information you need.
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Interac is Canada's most well-known e-Transfer payment method, available at all the top online casinos. This in-depth Interac guide will explain how to use it, its benefits, and the best online casinos where you can use this payment method.
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Paysafecard offer players a safe and secure way of depositing money at a casino site while giving a sense of anonymity. Learn how to makes deposits using Paysafecard and discover the best Paysafe casinos in Canada here!
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Mastercard is a widely available payment service online to make both deposits and withdrawals. This highly secure banking option is a top choice for Canadian players. Find out more about using this payment provider for your gambling needs in this review.
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Visa is a widely recognised and used online payment method for online transactions, including casino payments. This guide explains how to use your Visa card for casino deposits and withdrawals.
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American Express is a secure casino payment method that supports convenient deposits and withdrawals with fast transaction times. Learn more about Amex payments and which casinos accept them.
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When it comes to casino banking methods that protect your sensitive information, VISA Prepaid cards are high on the list. If you want to find out how to use this payment method to play your favourite casino games, then this guide is for you!
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Boku is a fast and convenient way to top up your online casino account using only your mobile phone number. This banking guide explains everything you need to know about Boku and how to use it for online casino gambling.
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Revolut is a user-friendly mobile payment app that can be used to deposit and withdraw at an online casino. Learn how to use it and discover the best Canadian casinos accepting Revolut payments in this guide.
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iDebit is a popular online gambling payment method accepted at various online casinos in Canada. It offers a secure way of transferring funds without providing card details. Find out more about this secure payment option in this guide.
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Ethereum is a popular cryptocurrency that can be used as a main payment method at some of the best online casinos in Canada. Check out this guide to learn all about Ethereum, including the pros and cons.
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MuchBetter is a unique digital wallet and payment system ideal for casino banking in Canada. It's fast, secure, and easy to use. Read this banking guide to learn how to use MuchBetter and find out more about the perks it offers.
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Skrill is a popular e-wallet that adds an additional layer of security when you’re playing casino games at an online casino. It’s also known for its quick deposits and fast payouts. Keep reading to learn about the top online casinos that accept Skrill.
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Sofort is a direct banking option that allows you to use your online banking details to top up your casino account directly. In this banking guide, you'll learn how Sofort payments work, the security features offered, and how to use the payment service.
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Neteller is a familiar banking method for many Canadians thanks to its user-friendly payment app and solid reputation. Read this full guide to learn how to make fast, easy, and safe payments using Canadian dollars at your favourite casino.
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Ripple is one of the top 10 cryptocurrencies that can be used at various online casinos in Canada. This guide explains how to get XRP and use it for deposits and withdrawals at your favourite casino.
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Flexepin is a trusted prepaid payment service available at various online casinos in Canada. Read my full Flexepin guide to learn how to purchase Flexepin and use your voucher to make secure and instant deposits.
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Neosurf is an online payment solution that enables online casino players to carry out safe and secured transactions at a fast rate. Get more info about Neosurf right here.
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Jeton is a digital wallet that allows you to transfer money to and from an online casino account with 100% security and anonymity. Read my full banking guide to learn more about the benefits of using Jeton for online casino banking.
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Citadel is one of the oldest banking solutions for online casino payments, offering various benefits, including anonymity, instant deposits, and 100% secure transactions. Learn how instant banking by Citadel works for all your casino payments in this guide.
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Litecoin is a cryptocurrency, established back in 2011, offering Canadian players a completely anonymous and safe way to deposit and withdraw at online casinos. Read our Litecoin casino review to learn more.
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Learn how to pay at the best InstaDebit Casinos in Canada. This payment option has been available since 2003 and is used for both deposits and withdrawals.
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AstroPay is an online payment wallet that can be used for casino deposits and withdrawals. Check this review to learn more about AstroPay and know how it works for casino payments.
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Although WebMoney is billed as the Universal Settlement System, how effective is it really? Check out if WebMoney casino will work flawlessly with your Canadian dollars by reading our review.
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When it comes to fast, easy, and mobile banking transactions at online casinos, Vanilla Prepaid stands tall in the iGaming industry. Find out everything you need to know about this Canadian payment method in this review.
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Sticpay is a new e-wallet that is growing in popularity among online casino players in Canada. It’s fast, secure, and reliable; no wonder many Canadians are gravitating towards this method of banking. Find out more on how to use Sticpay in this review.
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Payforit is a mobile-focused payment method that allows users to make deposits securely with one click. To find out more about using Payforit to start your casino journey, read this guide.
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Payeer is increasingly becoming a popular casino payment method and for good reason. It’s fast, secure, and anonymous. Learn all about this digital wallet and its secure mobile banking features in this review.
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InPay is an international payment service that facilitates transactions between casinos and gamblers at no cost. Check out our InPay guide to find out more about this banking option, its benefits, and how to use it to deposit at online casinos.
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POLi is an excellent banking service for players in Canada. The service allows players to make fast, secure, and convenient transactions. Learn more about POLi in this review.
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MiFinity is a globally accepted payment method through which casino deposits and withdrawals can be processed easily. Check this review to learn MiFinity’s characteristic features and how it works.
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Payz is a widely accepted payment option at online casinos. In this review, you’ll learn about how Payz works and get a list of the top five Payz casinos in Canada.
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Zimpler is one of several payment solutions for online casino deposits and withdrawals. Check this review to learn about how Zimpler works and get info on its processing time, limits, and fees.
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If you are looking for a reliable and quick casino payment solution, you are in the right place. EcoCard is the top banking solution for you! Read my review and find out more about EcoCard casino payments!
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Ukash, now known as Paysafecard, was a payment method that allowed users to make payments online by using a unique code on the voucher card. It's no longer possible to make transactions with Ukash, but here is everything you need to know about this payment method.
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Do you want to find out more about the payment method that is ecoPayz as well as some of the top casinos that accept it? If so, then this is the only guide that you need:
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Premier Pay by First Premier Bank is a modern payment service developed to facilitate peer-to-peer financial transactions. It works with other payment solutions including Interac e-Transfer and Visa Debit cards. Find out more about this payment option in this article.
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Entropay is a banking method that got discontinued, but in this guide we will tell you about previous top-quality Entropay casinos that are worth taking a closer look at:
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Dogecoin may have started as a prank in 2013, but now everyone is taking cryptocurrency seriously. Online casinos in Canada now offers players the option of making payments in DOGE. Learn more about this payment method and how to use it here.
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Tether, a stablecoin pegged to the US dollar, is becoming more and more popular for online payments. In this review, you will find all there is to know about using this cryptocurrency to play your favourite games, as well as some online casino recommendations.
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Apple Pay is an in-built payment app for iOS devices. It is one of the banking methods accepted at online casinos in Canada. Check out this review to learn about Apple Pay online casino payments.
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Maestro is a trusted prepaid or debit card owned by Mastercard. It's accepted at many online casinos in Canada and can be used for deposits and withdrawals. This banking guide explains how and where to use it.
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Trustly is a modern payment solution that facilitates payments at online casinos. It can be used for deposits and withdrawals and usually does not carry any fee. Trustly is safe, rapid and growingly accepted by online casinos in Canada.
...Casino Payment Types
How will you choose to secure your Canadian dollars with your new online casino? The solutions to help your transactions can be varied as not all banking methods provide a two-way service. If you do not yet know what your online casino ideal payment solution will be, here we discuss and highlight the main categories of service.
E-Wallets
What are e-wallets? An e-wallet is an interim service. It can be a 3rd party holding account between your bank and the casino. The most famous e-wallet on the internet is PayPal, and several Canadian casinos will offer this as a payment service. All e-wallets come with core dynamics, interim holding of accounts, anonymous transactions, and being able to deposit into and withdraw from a casino.
Your online e-wallet options are:
- InstaDebit
- MuchBetter
- WebMoney
- Jeton
- EcoPayz
- PayPal
Credit and Debit Cards
Credit and debit cards were widely used for payments before the advent of e-wallets. While they offer reassurance and trust through your bank, they are not the safest method for online transactions. Some transactions may be blocked due to money laundering concerns. However, credit and debit cards are accepted for deposits and withdrawals at 99% of Canada’s top casinos, making them a popular choice for many.
Your card options are:
- Visa
- MasterCard
Pre-paid Cards
Pre-paid cards are also described in some options as pre-payment vouchers. Perfect for those not wanting to deal with bank cards for their gambling dealings. The pre-payment service can be purchased from retail outlets, and like a top-up principle, you will receive a voucher or card of x-amount with a serial number or pin, which is to be input into the casino's deposit service that then transfers the x-amount you purchased to be placed on the card or voucher.
Your pre-payment options are:
- AstroPay
- Revolut
- Neosurf
- Paysafecard
- Flexepin
Instant Banking
Also known as Bank Wire Transfer, this method of payment is a direct one-to-one payment between your account and the casino’s. This is a more old-school method of putting payment into the vendor’s account. Nevertheless, there are plenty of options given the many banking services there are. These instant payment solutions require full bank account disclosure, which isn’t the best security option, though clearly, it is safe.
Your Instant payment options are:
- Interac
- iDebit
- eCheck
- Citadel
Crypto
We all laughed at first, but now there is no escaping it. Crypto banking is officially here to stay. It had actually been tied to several online casinos since as far back as 2014. Crypto is the safest and quickest form of online banking. There is particular importance that needs to be said regarding some of the online casinos that advertise the acceptance of crypto. While they will accept crypto payments as a deposit, they are then converted into dollars, which you will play with and potentially win. With such sites, you cannot withdraw winnings as crypto.
There are only a small number of ‘official’ crypto casinos that have full crypto supported banking and provide official bitcoin games.
Your cryptocurrency options are:
- Bitcoin
- Bitcoin Cash
- Litecoin
- Ripple
- Dogecoin
- Tron
- Ethereum
Mobile Payment
Perhaps the newest way of making payment is the option to go mobile. The online casino mobile payment service allows you to transfer move via various mobile operators. This service can see transactional cost added to phone billing
Your mobile pay options are:
- Apply Pay
- Google Pay
- Boku
- Siru Pay
- Bell Canada
- Telus Mobility
E-Checks
An e-check is a digital version of the traditional paper check. Like a direct bank transfer, your payment moves from one account to another, typically completing within 48 hours.
Wire Transfer
If you have the casino’s bank wire details, then you can action this old-fashioned method of payment and drop some CA dollars into your casino account. The wire method removed all banking details, making it a secure option between your bank and casino.
Compliance Requirements and Regulations
When creating online casino accounts, there are three key points regarding regulations and requirements:
- Identity Confirmation: You must verify your identity to confirm who you are.
- Verification Process: You need to complete the verification process.
- Terms and Conditions (T&Cs): Be aware of the T&Cs, especially regarding withdrawal policies.
Account Verification
The verification process is incumbent on the casino to perform as a code of conduct set out by the license regulator. This is a frontline of defense for casinos that are trying to crack down on fraudulent accounts. In order to complete your account registration, you need to submit evidence of ID through a passport, driving license, or national ID card. And proof of residency by utility bill or bank statement. This proof must be in date and no older than 90-days on documents. Evidence can be submitted by photo and attached to the registration form or e-mailed to Customer Support. Without verification, withdrawals are suspended until proof is provided.
Wagering Requirement
One of the unseen payment terms is the wagering requirement, a hidden fee, and cost that must be settled to comply with withdrawal policies. The wagering costs can vary, but on average, players are requested to pay 35x the amount of bonus they receive and play through this value to be able to withdraw any winnings that were made with the initial bonus credit.
Bonus Deposits
When it comes to claiming first deposit bonuses a.k.a welcome bonuses, you may find that some payment options are not accepted. This is just for that one-time bonus; the methods of payment can be used thereafter. Usually, this applies to Skrill, Neteller, and PayPal. Always check T&Cs to know where you stand with the casino and what banking options can and cannot be used.
Choosing the Online Casino Ideal Payment Method
There are several things to consider when choosing your ideal method of payment. Naturally, the go-to option is the one you have, it’s ready, it’s practical, and you’ve no need to change or apply to something else. What often gets overlooked is that not all casinos including Manitoba online casinos, are the same and, therefore, neither are the payment services that are used.
Casinos pay to use certain services, and it might help their purse strings to cut back on a few things. For example, while MasterCard is known the world over, some of Canada’s casinos might allow you to deposit with this credit or debit card option, but they might not allow you to withdraw. So, in such cases, MasterCard users would be required to seek an additional method of payment or an entirely different alternative that covers both types of transactions.
It might be of interest to know that some gambling operators will reward players for using certain types of payment methods. In this example, if you deposit with x-service, you can receive x-free spins.
Weigh up your options, and if you need to open a new bank account service with another provider, then it may benefit you away from gambling and on other internet platforms.
FAQ
Do I pay fees to deposit and withdraw casino payments?
No. Generally, there are none for most major methods.
Are my winnings taxable?
No. Because all of the casinos you can access are operated and registered outside of the borders of Canada, you cannot be taxed on these earnings. However, if gambling is your one profession, then you need to inform the Canadian Revenue Agency.
Why can’t I use PayPal?
PayPal availability is limited and subject to regional restrictions in Canada.
Why are my winnings taking long to arrive?
This depends on the method of payment you selected. It can also take longer if the withdrawal request was raised on the weekend. An alternative consideration is that you are yet to pass the verification process.
Which is the safest payment method?
Crypto. There is no doubt that crypto payment and blockchain technology is the safest payment process and method there is.
Which is the fastest casino payment method?
Crypto. Both depositing and withdrawal are instant. But do bear in mind that not every ‘crypto’ casino is fully able to support complete crypto banking.
Kayleigh reviews online casinos and sportsbooks while coordinating training initiatives for new recruits at Casimoose.ca. She excels at sharing her love for the iGaming industry and puts her past experience to good use. With a background working for the biggest gambling brands online and a strong analytical ability, Kayleigh developed a natural gift in breaking down each component of online casinos, betting sites as well as their offerings and hasn't looked back. Outside of Casimoose, she's a proud Ontarian with a love of sports and entertainment.