With the fast pace of technological growth, modern online casinos in Canada have undergone a transformation. This growth in technology can be seen in the payment methods accepted by online casinos. Below is a list of the top 10 Canadian online casino payment methods.
InstaDebit
Although e-wallets are incredibly popular today, InstaDebit is a slightly different payment method in Canada. InstaDebit is not an e-wallet. It is a middleman between the casino and your bank that provides additional security and speed to your transactions at an affordable rate.
InstaDebit offers online banking solutions with payment options in Canadian dollars, euros and US dollars. It allows users to make online purchases safely and access quick withdrawals. If you have a bank account at any Canadian financial institution, you can register and use your account right away without having to wait for account activation or approval. For online casino players, this is a convenient payment method because you are not required to provide any personal financial information or set up a different account.
iDebit
Many online casino operators in Canada provide the iDebit payment option today because it offers fast withdrawals without any transaction fees. It is an inexpensive, safe, easy, and fast payment option for Canadian players.
This payment service allows you to pay for purchases online using your bank account. iDebit can be used by customers of more than 50 banks in Canada, including Scotiabank, CIBC, RBC, and Bank of Montreal. One of the reasons why this payment method is so popular in Canada is that it is a real-time payment system. This means that once you have authorized a payment, your funds will be transferred from your bank account to the casino immediately. iDebit can be used without opening an account or registering.
ecoPayz
When you use ecoPayz, you will be able to withdraw your winnings from your casino account directly to your digital account. If you prefer a payment method that allows you to keep your gambling money separate from your bank account, ecoPayz is a good option.
ecoPayz is an e-wallet that has been designed to make online transactions easy and smooth. It is one of the oldest e-wallets existing today and is available in more than 200 countries. Transactions are processed instantly, so it is an ideal solution for online gambling.
Credit cards
The majority of Canadian adults today have a credit card, so it comes as no surprise that they are a popular payment method for online casinos. Credit cards offer players a secure way of transferring funds to their casino accounts. The card needs to be registered on the online casino when creating your account, but the details are encrypted to ensure the security of your financial information.
Once your credit card has been added to your account, you can make further deposits easily and quickly without having to enter the information again. For every deposit, however, you will need to add your security code to ensure that the card is not misused by an unauthorised person.
Paysafecard
With Paysafecard, users can enjoy secure online transactions at many online casinos as well as online stores. The service is available today in more than 40 countries and is incredibly popular because it helps users enjoy safe online transactions along with convenience.
To use the service, you purchase a prepaid ticket or card, with amounts starting from 10 CAD. To transfer funds to your online casino account, you will need the 19-digit number on your card. A single ticket number may be used multiple times, and any balance that remains on your ticket can be used for another transaction. It is also quite easy to keep track of your balance on the Paysafecard website. While this service can be used for making deposits, it cannot be used for withdrawing funds from online casinos.
Skrill
Skrill is one of the most popular and well-known online payment services in the world. It is currently used by more than 35 million people in 200 countries. Skrill is a virtual wallet that enables you to enjoy secure online transactions at online casinos and stores.
Skrill is operated according to Canadian regulations. It works in the same way as other digital wallets. Once you open an account with Skrill, you can load your funds. You can then use it to make deposits securely, quickly and conveniently at online casinos.
Wire transfers
Wire transfers or bank transfers are well-known and among the oldest payment options available. With wire transfers, the funds will be transferred directly from your account to the online casino of your choice. It is an easy-to-use and very secure payment method.
Most banks around the world offer wire transfer services that can even be accessed from the bank’s mobile app. Although there is a fee involved for wire transfers, it is a convenient option for those who want to transfer a large sum to their casino account.
PayPal
PayPal is a popular and well-known digital wallet that can hold your banking, debit card and credit card information securely. It acts as the middleman between the online casino and your bank account. This adds an extra security layer against fraudulent transactions to ensure your safety.
PayPal is offered by a large number of online casinos today because it allows you to transfer funds seamlessly and quickly. It also keeps your online activity safe, making it a popular payment method.
Trustly
Trustly is a Sweden-based money transfer option that has gained a lot of popularity over the world in the last few years. Trustly is used in 21 European countries, along with Australia, the US and Canada.
Trustly allows users to make payments from their bank accounts directly without any additional transfer points. This allows you to enjoy instant withdrawals and deposits to casinos that accept this payment method. Users do not need to register or download an app to use the service.
Neosurf
Neosurf is considered to be one of the most secure online payment methods because it allows you to make deposits without using your credit card. Instead, users can purchase prepaid Neosurf vouchers online or in stores. Vouchers can be purchased in cash, and users do not need to provide an ID or register to make a purchase. The balance can be tracked through the Neosurf website.
Neosurf can be used for making deposits at online casinos, but it cannot be used for processing withdrawals.