Best Casino Payment Methods for Canadians
Knowing the best casino payment methods to use is important for any gambler from Canada. You want to be able to deposit money quickly and easily. You also want to be sure that when you attempt to withdraw any winnings, you can do so with the minimum of fuss and be sure that the money will reach you as soon as possible and that any fees are kept to the bare minimum.
There are lots of banking methods to choose from, and finding the best for you can be quite confusing. That is why we have created a list of the most popular payment methods for online casinos aimed specifically at Canadians. It covers all the main currency options, payment speed, and any fees you might be charged - everything you need to know to help you make the right choice.
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Key Factors When Choosing Online Casino Payment Methods
There are many things that players from Canada need to consider when deciding which money mover to use, not least of which is choosing a fast payment casino. But the prime consideration has to be that of financial safety and security.
Online Casino Payment Security
Before selecting a money moving system, all Canadians should first make sure that the platform they wish to play on is properly licensed and regulated and that the website carries 128-Bit SSL encryption. There are many scam sites out there in cyberspace, and carrying out these checks will help you avoid them.
License-wise, look for websites that are licensed by the following agencies:
- Curacao eGaming Authority
- Kahnawake Gaming Commission
- Malta Gaming Authority
- UK Gambling Commission
Once you are happy that the online gambling house you have chosen is legitimate and safe, the next thing is sorting out the best online gambling payment methods to consider from the list your casino offers. Stick with well-known, respected brand names with which you are familiar.
Mobile Casino Payments
Gamblers in Canada love using their handhelds for their gaming activities. It allows them to play anywhere, anytime, and if you can use an online casino mobile payment option, so much the better. Many Canadians are using Pay by Phone systems that allow them to charge their costs to their mobile phone bills or even add them to their Pay as you Go balances. They offer a secure way of depositing money with just a couple of clicks.
You can also access an online casino payment system using your mobile via its inbuilt browser or an app if your chosen payment brand offers one.
Online Casino Payments and Supported Countries and Currencies
Not all banking options are available in all countries. If you are using an online casino that welcomes Canadians, the methods they allow should work in Canada, but you ought to double-check, just to be sure. Most Canadian gamblers prefer to use CAD as their currency, but some prefer to make casino payments using cryptocurrencies like Bitcoin, Ethereum, LiteCoin, Monero, and Dash.
Deposit and Withdrawal Casino Payment Methods
Pretty well all payment options that online gambling platforms work with can be used to make deposits. However, not all can be used for making withdrawals. A problem can arise if players from Canada try to use a withdrawal method different from the option they used to make the deposit from which the winnings came. So, when making a deposit, make sure you can use the same choice to make a withdrawal.
Payment Methods Casino Support
Hopefully, you won’t experience any payment problems, but you will want good customer support if you do. The first thing you should do before choosing a casino, a bonus, or a banking method, is to read the platform’s terms and conditions. It can save a lot of heartache.
Another option is the casino’s frequently asked questions section. If you have a query, you might find the answer there. If you are a French-speaking Canadian, you might want to choose a platform that offers French language support.
If you cannot find the answer you seek, you’ll need to talk to a real person in the platform’s customer support team. That might mean using live chat, telephone, or email. If it’s a problem with the actual banking method, you may need to resort to your money mover’s customer support.
Features to consider Regarding Deposits and Withdrawals
The most common payment problem has already been touched on – using a different banking method to withdraw from the one you used to make the deposit. Choose a payment method that supports both.
When considering casinos payment options in Canada, you need to think about the various features each one offers. For example:
- What fees do they charge?
- What are the maximum and minimum limits of deposits?
- What are the maximum and minimum limits on withdrawals?
One thing that bamboozles many new Canadian gamblers is wagering requirements. If these aren’t satisfied when you try to make a withdrawal, your request will be blocked.
All of these features can be checked by reading an online casino’s terms and conditions, so ensure you do so before signing up.
Some popular casino payment method
Check out popular casino payment methods:
- Wire Transfer Casinos
- Visa Casinos
- MasterCard Casinos
- SMS Payment
- Skrill Casinos
- Prepaid Cards Casinos
- Paysafecard Casinos
- Payoneer Casinos
- American Express Casinos
- Muchbetter Casinos
- Pay by Phone Casinos
- Interac Casinos
- Instadebit Casinos
- Google Pay Casinos
- Apple Pay Casinos
- iDebit Casinos
- G2A Casinos
- Flexepin Casinos
- eCheck Casino
- CAD Casinos
- Bitcoin Casinos
- Credit Card to Bitcoin
- Bitcoin Casino Provably Fair
- 💳 What is the fastest method for making withdrawals?
The fastest way to withdraw money from an online gambling platform is via an eWallet. This can be considered as being instant, but you also have to allow for the platform’s payment request processing time to be taken into consideration.
- 💳 How can I choose a safe online casino banking method?
eWallets and cryptocurrencies are commonly regarded as being the safest methods of depositing and withdrawing money from online gambling platforms. Other highly rated secure methods include Paysafecard and pay by mobile phone bill. All payment methods offered by a properly licensed and regulated platform should be safe.
- 💳 Can I use a credit card to make deposits?
Yes. Most online gambling platforms in Canada accept major credit cards, including American Express, MasterCard, and Visa.
- 💳 Do I have to pay tax on my winnings?
No. Winnings from online gambling are not taxable in Canada unless gambling is your profession.