Most popular online casino payment methods for Canadians
It is not illegal to participate in gambling activities in Canada. Therefore, you can freely choose the online casino games you prefer.
Many North Americans participate in one form of online gambling or the other. For this reason, most online casinos offer several on-site features to cater to multiple gambling payment methods, from Skrill and Paysafecard to Revolut, for you to fund your accounts or get their winnings.
Which payment methods do Canadians prefer the most, and why do they prefer them? Our experts from BrochureCasino, who specialize in new online casinos, have thoroughly researched all available alternatives and have described them in detail in this article. Everything you need to know about the most popular and safest methods is waiting for you further!
Credit and debit cards
Estimates show that 90% of North Americans own a credit card, whether it’s a Visa or Mastercard option. This makes them very suitable for funding accounts at one of the best online casinos in Canada in 2022. These casinos usually offer tons of promotional offers, ranging from a 100% bonus on the initial deposit to a wide range of games available for you to play.
Visa and MasterCard
With these you can directly fund your virtual wallet, depending on whether you prefer to pay your issuer later or prefer to only use the funds available in your bank account. Online platforms usually accept both. Some of the additional quirks of these cards are:
- Payments in Canadian dollars? – Yes
- Allowed in virtual casinos? – Yes
- Fraud detection assistance? – Yes
- Support for withdrawals? – Available for Visas, not MasterCards.
AmEx, as it is commonly known, is another popular card payment method available to North American online casino players. Several gambling platforms in the country endorse it as one of the convenient casino deposit methods. The quirks are the same as with the other two popular card-based methods. However, you can fund your game and also withdraw with this method.
E-wallets offer a faster, easier and more convenient way to pay online. This is why they have become the most popular payment methods among many others. As an intermediary between a bank and the player, e-wallets make it possible to fund an online casino account without revealing any sensitive details.
There aren’t as many e-wallets available to North Americans as you’d typically find with Europeans; however, famous alternatives like Skrill, Neteller, Google Pay, Webmoney and EcoPayz are available.
Neteller provides reliable ways to withdraw money or make deposits without needing your credit/debit card issued by a bank with a million active users. The company’s Net+ card allows Canadian gamers to fund their gaming portfolio as quickly as they need it.
Neteller has served as an alternative to virtual game payments since 2000.
- Transactions in Canadian dollars? – Yes
- Supported at Canadian Online Casinos? – Yes
- How to finance? – By bank transfer or use your credit/debit card to fund your electronic wallet
- Fraud Monitoring – Yes
- Transaction fees – None
Established in 2001, Skrill is one of the leading gambling payment opportunities. You can fund your Skrill Wallet by bank transfer, paying with a card, or other platform-specific payment features they offer. You could then decide to fund your virtual wallet with this or turn it into cryptocurrency.
If you like to fund your gambling account without having to pay hefty transaction fees to intermediaries, consider checking out the 9 Best Online Casinos in Canada at https://leafletcasino.com/casino-payment/skrill/ that accept Skrill as a payment method. Additionally, the minimum deposit at these casinos is C$10. This means that you have a chance to win a lot of money just by funding your account with CA$10. Here is a summary of the benefits of paying with Skrill:
- Transactions in Canadian dollars? – Yes
- Supported in online casinos? – Yes
- How to finance? – Use your credit or debit card or your bank.
- Fraud detection? -Yes
- Transaction fees – None
PayPal provides a seamless way for individuals to transact online. Recently, several casinos have added PayPal to their list of alternatives. Customers who stick with the e-wallet enjoy improved processing times and benefit from the extra layers of protection the platform has in place to protect their data and money.
The best casino payment method to evolve in recent years remains cryptos. Players enjoy fast payout times with cryptocurrencies and have the added benefit of having their financial and personal information protected more securely than others. payment gateways for online casinos available. It is a premium withdrawal method solution for your earnings. However, most cryptos tend to be highly volatile, with their market caps typically fluctuating over wide ranges in a short period of time.
Because of this, many platforms tend to bypass them in favor of Fiat money. Casinos that accept cryptos extend their services to several of them, including Bitcoin, Ethereum, Ripple, Solana, and Litecoin. Since more and more cryptos are introduced from time to time, it would be a good idea to follow the trends.
According to Wikipedia, Bitcoin is a non-centralized digital currency that relies on blockchain technology, in particular via the concept of distributed ledgers. It can be transferred over the bitcoin peer-to-peer network. It was invented in 2008 by an entity called Satoshi Nakamoto. The currency started in 2009 when its implementation was released as open source software.
Bitcoin Cash is an extremely convenient way to facilitate the transfer of funds for all forms of digital endeavors, from funding casino wallets to paying for groceries. Its fast payment processing period makes it one of the best withdrawal methods in Canada and on the planet. Not only do Bitcoin wallets secure your personal information, but they are also quite safe and easy to use for new online casino players.
As a player, if you fancy funding your casino wallet directly from your e-wallet, another suitable alternative to take would be to pbuy prepaid cards from authorized traders. Unlike credit cards, you don’t need to share your bank details with the merchant to fund your account. This provides an extra layer of security to sites, forcing online casinos to accept them as their preferred online payment method.
NeoSurf, Revolut and Paysafecard tend to be the most common in Canada.
Canadian gamers make up a significant portion of the gaming industry. It was clearly expected that the legalization of the industry in 2009 would virtually explode the capabilities of service experts.
E-wallets would be the most recommended deposit method if you had to choose just one payment option from this list. Not only would you benefit from faster payout times, but you also wouldn’t have to deal with the high transaction fees that are a hallmark of other alternatives.
As things stand in this industry, you can choose from a wide range of payment options to fund your accounts or make withdrawals at new casinos. However, it is important to check beforehand whether the payment method chosen is available on the site in question.
Disclaimer: The information contained herein is provided without regard to your personal circumstances and should therefore not be construed as financial advice, investment recommendations or an offer or solicitation for trading in crypto- currencies.