Online Casino Deposit & Payment Methods
Every casino player knows that in order to play any game with a chance of winning, you have to use real money. This is where your online casino deposit methods come in. There has to be a way for you to get your money on the platform and a way to get your winnings into a personal account of some sort. Casino mobile payments have come a long way with casinos all over the world offering players different options for depositing and withdrawing their winnings. Canadian players can use their bank accounts, online casino mobile payment options or even different e-wallet providers for said purposes.
Credit & Debit Cards For Casino
One of the most popular options, offered by virtually all reputable casinos, is the option of using credit and debit cards for depositing cash into the casinos and withdrawing winnings. These two payment methods have advantages over payment options such as Paysafecard and WebMoney; security and convenience. Credit cards are supported by platforms that have some of the best security in the cyber world. Because of this, players can trust that nothing nefarious is going to happen to their account after depositing and withdrawing their cash. As for convenience, virtually anyone with a bank account has a credit or debit card that they can use for online transactions without involving a third party.
The two most popular options for an online casino deposit include Visa and MasterCard. Some casinos will offer other options such as American Express, Maestro or even Discovery. Usually, credit cards will attract very low fees and have some of the shortest deposit and withdrawal times; you can expect to see your money on the casino or bank account in a few hours. Credit and debit cards can also connect to other platforms such as ecopayz in some of the very rare instance that your casino does not offer direct credit and debit card deposit and withdrawals.
Online Casino Mobile Payments
Paying by mobile is a relatively new concept. One of the ways to pay using your phone is by using your monthly credit which means that any cash you deposit to the casino will be charged at the end of the month as part of your phone bill. One of the biggest advantages of pay by phone casinos over e-wallets and credit cards is that you will never have to reveal your banking details to anyone. Another way to pay using your mobile phone is using prepaid visas. However, if you are looking for the simplest and a most convenient option, you may use the mobile payment service Zimpler.
In some countries, you can purchase prepaid visa cards that have a predetermined amount. When you ask to pay using this method, the casino will ask for the number on the card and after reading to the relevant details, they will debit the cash from your credit card. This is much safer than online ewallets such as instadebit. Another mobile payment method is Paysafecard. This works almost the same as the prepaid visas as you can buy a card with a set amount and either enter the details on the casino or pass the details over a phone call.
Prepaid Cards & Bank Transfers
Although we have mentioned two prepaid cards above (Ecopayz and Paysafecard), there are many more. One of the other popular ones is Entropay. This prepaid card is supported by Visa, despite Visa having a prepaid card of its own. After registering an account on their website, Entropay will give you a virtual credit card that can be used anywhere Visa is accepted. Some casinos also accept prepaid Mastercards. As with other prepaid cards, this Mastercard is credited with a set amount at the time of purchase. One huge advantage is that you can reload the MasterCard for future use or use it for one online casino deposit and get rid of it.
Bank transfers, also known as wire transfers, are the most secure way of depositing into a casino and, when the casino allows it, withdrawing your money. Deposits are received instantly but for most casinos, withdrawals have a wait period of about 72 hours. One of the biggest disadvantages of using this method is that some casinos can charge you quite a bit to withdraw your cash as well as adding a 48-hour withdrawal period on top of the 72 hours wait/processing time. If you are not ok giving out your bank details, you can connect your account to your Paysafecard or WebMoney account and use those to transact online.
eWallets
Ewallets are the most popular way to deposit into and withdraw from your online casino account. Most casinos will accept various e-wallet accounts as they are generally very secure, protect their users’ data and attract low fees on the users’ end. The most popular option is Neteller. Some e-wallet accounts, such as Neteller come with prepaid visas that you can use at your favourite casinos. To load money into your e-wallet, you can use your bank account as well as your credit or debit card.
The Ecocard Is another very popular e-wallet solution and is the platform behind the Ecopayz platform mentioned earlier. Ezipay is yet another option mostly used in Australia whose popularity is growing. ClickandBuy is one of the oldest e-wallets and has grown to become the leading payment solution for online casinos in Europe. It can be funded using Visa, MasterCard, Diner’s Club, JCB, debit cards as well as American Express cards.
Canadian players will love EwalletXpress as it is an e-wallet solution targeting US and Canadian players, much like Webmoney does. A number of casinos will let you use Ewalletxpress to deposit and withdraw.
Lastly, we have Click2play. This is a third-party mobile processing service that lets you fund your account using various banking methods but they also offer e-wallet options as part of their package.
Additional Payment Options
Paypal is one of the most trusted payment methods in the world is available at almost any online casino you can think of. Paypal is available in almost all countries in the world, which explains its wide adoption by casinos. You can fund your PayPal wallet using your debit or credit card all over the world like you would an Instadebit or Paysafecard account. It is loved by players and casinos because of its low fees. Also, all its transactions are instantaneous with players receiving money from their casino of choice or from other PayPal account holders. In select countries, players can get a Paypal credit or debit card that they can use to deposit cash into an online casino, all without revealing their banking details.
Trustly is another web-based payment method. It allows for bank transfers as well as instant casino deposits. One of its biggest advantages is that it partners with about 50 of the biggest banks in the world. Also, it is simple to use with most online casinos allowing for instant withdrawals when using Trustly. As with Trustly or WebMoney, iDebit allows for safe, convenient and fast payments using your bank account. This service offers fast payment processing as well as some of the lowest fees from all payment methods discussed above. Players have to link their bank accounts with their accounts to make payments. Most casinos allow for instant deposits and withdrawals using payment option.
Final Thoughts on Casino Payments For Canadians
With the advancement of technology, players now more than ever have a myriad of payment and money procession options to choose from. That said some of them stand out for various reasons; low transaction fees, security, fast deposits and withdrawals as well as the ability to transact from almost anywhere in the world. Most of the progressive casinos will allow direct bank deposits or the use of service such as instadebit to complete these transactions.
All said and done, it is important to choose online casino deposit and withdrawal options that appeal most to you keeping in mind that some of them are not available in some regions of the world. All those listed here are available to Canadian players.