The Best Casino Deposit Methods

As online casino gaming continues to grow in leaps and bounds, online operators have been tasked with creating a convenient, simple and easy experience that caters to the varying needs of our Canadian players. Here at CasinoTop, we’re well aware that one of the most vital aspects of any casino site is whether or not there is a wide variety of supported payment methods. However, this can be overwhelming for new players as each method has its merits and downfalls. To make choosing the correct payment method for you easier, we have outlined each option that can be found at the best online casino sites in Canada.

Debit, Credit and Prepaid Cards

casinotop credit card icon

Credit cards are still one of the most preferred payment methods for e-commerce in the world. Online casino gaming is no exception to this, with many players still opting for the classic and efficient option. While credit cards are not accepted for online gaming in many regions, Canadian players are permitted to use their credit cards to deposit funds into their gaming accounts.

casinotop debit card icon

Debit cards are as popular as credit cards, and in some regions, have replaced the traditional credit facility in countries where it has been prohibited. Debit cards allow Canadian players to fund their online gaming accounts with funds that are already in their bank accounts. Debit cards are, therefore, favoured by players and consumers who would prefer to reduce their debt and be more cautious with their spending.

Visa Logo

Visa is an internationally recognized brand of credit and/or debit card. As such, online casino operators have made sure to accept this payment method. This is especially true for the best online casinos in Canada, as many of these sites service other regions as well.

Similar to Visa, MasterCard is a universal credit/debit card brand that is accepted at online casino sites. MasterCards allow players to deposit and withdraw funds while offering effective security measures.

Paysafecard is one of the more unique card payment methods on the Canadian market to date. These cards serve as a secure and private way to exchange funds with your online casino. It operates on a voucher system and can easily be topped up. Paysafecard is another great option for players who are mindful of their spending and budget.

Despite its name, American Express is not solely for American players and has become one of the most trusted card brands in the world today. Players who opt to make use of American Express cards to deposit funds are privy to a host of perks, with the most important being safety and security.

Electronic Wallets/ E-wallets

PayPal is considered to be the most well-known e-wallet brand and is offered as a banking option in some of the best online casinos. However, usage of PayPal has been restricted in certain regions. Before you select this payment method, ensure that you are allowed to make use of it in your jurisdiction.

Neteller logo

With regards to the number of active users, Neteller has grown significantly and is almost on par with PayPal. Neteller users can enjoy instantaneous transactions, superior security and convenience. Neteller is accepted in a range of countries and has become a satisfactory replacement for PayPal services.

As a Canadian player and consumer favourite, EcoCard allows players to transfer funds simply and quickly from an EcoCard e-wallet. EcoCard has also become very popular in Europe due to its wide variety of supported currencies, making it the perfect choice for tourists and business people.

Ecopayz logo

EcoPayz and EcoCard are very similar and are, in fact, under the same brand. EcoPayz allows players to deposit funds into their gaming accounts from their EcoPayz wallets with ease and simplicity. In addition to this, there are 45 supported currencies which makes travel, gaming and e-commerce all the more exciting.

Paynearme logo

PayNearMe might not be as popular as other e-wallet options, such as PayPal or Neteller, but it serves the same function and offers the same services. This means that if you would rather not use your bank card to deposit funds into your gaming account, PayNearMe is a good option.

MyCitadel logo

MyCitadel provides Canadian players with an alternative to using their banking cards, banking accounts and/or sharing their banking details.

Payforit logo

PayForIt is the perfect option for Canadian players who are sceptical about sharing details or sign up procedures. If you would prefer this option, all you’d need to do is input your mobile number to begin your deposit transaction.

Bank Transfers

Wiretransfer logo

Wire transfers are one of the oldest and most popular payment methods for online purchases and entertainment. Despite its age and the addition of new payment methods, Wire transfers provide Canadian players with a trusted method that allows them to transfer to and withdraw money from their online gaming accounts. Wire transfers are definitely worth considering if you are looking to withdraw a large sum of money.

echeck logo

eCheck brings Canadian players the best of the old and new. eChecks or electronic checks allow players to transact directly to and from their banking accounts. This also allows players to exchange funds safely and securely.

instadebit logo

As the name suggests, making use of InstaDebit will allow you to instantly debit your bank account and transfer the funds to your online casino site. This method has become very popular over the last few years as one of the quickest and secure options available.

iDeal logo

iDeal might not be as big as eChecks or wire transfers but it is the preferred payment in the Netherlands. Since Canadian casino operators could be providing services to customers in the Netherlands, and surrounding areas, you will most likely see this option.

Bitcoin logo

Bitcoin is the world’s first and most popular cryptocurrency. As the value of this virtual currency has increased, online casino operators have begun to accept it as a means of funding online casino gaming experiences. Bitcoin boasts minimal transaction fees, instantaneous transfers, superior security and can be used for withdrawals.

Online Banking for Canadian Casinos

As we have outlined above, there are a plethora of banking options available to Canadian players. While these options may not suit every player or every situation, there are sure to be at least two or three other options that meet your needs. While some players might prefer e-wallet services such as EcoPayz, there are others who will take the more traditional route and choose to deposit by credit or debit card. Regardless of which you choose, we know that having options is one of the most important aspects of an online casino offering. They don’t call variety the spice of life for nothing!

However, there are a few aspects to keep in mind when selecting a payment method. The first thing that you should do is check which payment options are legally available for your region. From this shortlist, take a look at the turnaround times and whether a payment option can be used for deposits and withdrawals or not. In addition to this, ensure that you are making use of a registered payment service provider who abides by international safety laws and regulations.

FAQ

There are many aspects to consider when choosing a banking method for your online gaming activities. The first thing to think about is suitability. If the payment option is suitable for you and the situation and is convenient, this is a good option to go with. In addition to this, there should be a high level of security, stellar customer services and minimal charges and/or costs involved. The methods that we have outlined above are all 100% safe and have been endorsed for their convenience, ease and simplicity.

Unfortunately, no. As a general rule, payment methods that are linked to your banking account should be able to receive withdrawals such as card payments, bank transfers and certain e-wallets. However, Paysafecard does not allow players to withdraw as well as pay by phone services.

Yes! In recent years, casino operators have gone above and beyond to cater to all players. As such, cryptocurrencies at a handful of the best online casinos in Canada, with the number steadily growing. Besides Bitcoin, cryptocurrencies such as doge, Ethereum and Litecoin.

Currently, the cheapest payment method on the market is Bitcoin. However, this is still considered to be quite a niche area so many Canadian players opt for e-wallets. While there are costs and fees involved, they are far less than the fees for wire transfers, eChecks etc.

Yes! In recent years, casino operators have gone above and beyond to cater to all players. As such, cryptocurrencies at a handful of the best online casinos in Canada, with the number steadily growing. Besides Bitcoin, cryptocurrencies such as doge, Ethereum and Litecoin.

The best way for Canadian players to be sure about the payment options available to them would be to conduct research. In most cases, online casino sites will provide a list of terms and conditions that will contain the relevant information. In addition to this, we suggest that you contact your local gaming authority to query.