Casino Payments Methods

Welcome to the GamblerKey payment methods section, where you can look at a list of sought-after online casinos in Canada with different payment variants relative to your preferences. One of the most crucial aspects for every player in every online gambling platforms is a capacity to top up a balance and cash out monetary funds as fast as possible… and most securely. After the fast-paced extension of the Internet around the globe, there are many payment options appeared. Some of them are notorious and most-demanded among all users. To the essential payment methods for Canadian players, the precedence can be given to Master Card/Visa, PayPal, Interac, and PaySafeCard. Certainly, dozens of options are also available to make a money transfer to the casino and cash out the winnings.

The significance of choosing the right payment system is the top priority for many users. Due to a time of withdrawal, extra fees and many other nuances depend on this choice.

The list below indicates the most demanded and in great request payment options for Canadian gamblers. Keep reading, and GamblerKey provides you with a quick general overview of different casino payment methods, their pros and cons, and leads you to safe and legal casino banking.

Top Online Casino Payment Providers

Many years ago, the gambling industry was operating by several payment systems, and a few bank institutions provided their services to this industry. But now, an online casino can offer a lot of reliable and safe payment methods, which are fast and secure for all gamblers. Yes, some gambling establishments guarantee dozens of options for depositing and withdrawing your money, but some of them only operate with a few of the most common payment systems. Fortunately, players have a choice of payment providers to pick from, either it’s debit/credit cards, e-wallets, or other variants. 

Debit and Credit Cards

Without any doubt, one of the most popular methods for making a deposit or cashing out monetary funds is a banking card, whether it’s a debit or credit card. The major part of people (18+) obtains at least one of them. Therefore, most online casinos cooperate with different international bank institutions to grant customers the most comfortable payment options. There are two well-known and sought-after variations of these cards:

• Master Card;
• Visa.

The greatest advantage of this payment method is security. Nobody can claim that your banking data is in the zone of risk when you make a money transaction via Visa or Master Card. The banks take care of the customer, and the encryption technology implementation assures the safety of personal details.

The negative side of using such a method is a pending and withdrawal time. It’s due to security reasons. The bank carefully processes all of your information to make sure that your personal data won’t be leaked and given to third-parties. 

Wire Transfer

Wire transfer is one of the oldest and simplest transactional methods that ever exist. The transactions are done straight from your bank account to the casino profile. The procedure takes a moment. It’s necessary to go to your account/online banking app, and request the transaction. Simplicity is the main advantage of this payment system.

The slight inconvenience is the time that you need to wait while depositing or withdrawing your money.

Online Casino E-Wallets and Prepaid Cards

This option fits perfectly for those who are already familiar with new digital technologies. This method is a new and modern level of making any money transfer. A usage of e-wallets guarantees complete protection of the customer’s details, and it takes seconds of your time to make your transfer done. It’s named one of the fastest methods, and the money comes to your account or vice versa instantly.

Some of the most popular casino payment methods you’ve already heard, namely:

• Interac;
• PayPal;
• QIWI;
• Skrill;
• PaySafeCard;
• Neteller;
• ecoPayz.

These companies provide the most comfortable way to make a transaction for Canadian gamblers. The e-wallets aren’t the safest payment option, but obviously the fastest.

One more payment method is a prepaid card. PaySafeCard is the famous representative of such a kind of payment. But this option works on one side – for deposit purposes only. If you want to charge your casino account quickly without losing safeness, then PaySafeCard is an excellent way to do it.

It isn’t the complete list of all digital wallets and prepaid cards because dozens of them are on the market, and new ones come to the world regularly, extending this list.

Alternative Casino Payment Methods 2023

If you’re looking for more specific payment options, there are many others or sure. Some online gambling establishments literally offer twenty or thirty depositing and withdrawing methods, including Apple Pay, Google Pay, Bitcoin, Litecoin, Ethereum, and many others. And now we’re going to collect the most common transactional methods right here.

Bitcoin Casino and Cryptocurrency Casino Payments

After the hype of Bitcoin and other cryptocurrencies, many online casinos started to consider this type of payment as innovative and mind-blowing. Therefore, there are even bitcoin casinos on the gambling market, which only operate on cryptocurrencies and don’t allow any other currencies. Some of them offer special crypto bonuses and promotions, but this is another topic of discussion.

The immense privilege and advantage of this casino payment method is anonymity. Many customers prefer to be invisible surfing on the Internet. There are many reasons why people don’t want to be detected, and one of the issues is the restriction of casino activities in certain countries on the governmental level. The depositing and withdrawal procedures are completely incognito, and you can charge your casino account or cash out the winning independently of your current location. Moreover, the customers aren’t obligated to pay extra fees.  

How Casinos Manage Withdrawals and Deposits

The procedure of depositing and withdrawing the monetary funds isn’t the same. The main difference lies in the time of the proceeding. For example, when you top up your casino account, the money appears on your balance instantly. But when you try to request your money back, it requires time. This time depends on the chosen method and varies from instant payout (e-wallets and crypto-wallets) to 20 or even 30 days (cheques). If you use debit or credit cards, the withdrawal time will be 5-7 business days.

Also, make sure you are aware of additional fees that you are obligated to pay. For sure, some of them retake the obligation to pay this extra money and provide their customers with fee-free services. But others demand to pay a fixed fee per one transaction (only in case of withdrawing). Sometimes, the fee can literally be huge.

Before you go to an online casino, read the casino's terms and conditions in the aspect of payment carefully. Or you can read our casino reviews and save your time.

Safe and Legal Casino Banking

In the case you are dealing with a licensed online casino, you can be assured that your gambling experience will be safe and legal in anyways. The special institutions and regulatory bodies control and monitor all the casinos' activities. Following this moment, all your transactions are completely secured.

Furthermore, online casino platforms utilize different encryption technologies, which add more credibility to the gambling house. It guarantees that your money will be in a safe place. And it doesn't matter whether you are using a credit card or prepaid card.

The casino operators understand the importance of security, and thus, they put this aspect on top of their priority.

Best Payment to Use for Online Gambling in 2023

So, it’s the right time to summarize all the facts and conduct a list of the most popular methods for Canadian citizens:

• Master Card;
• Visa;
• Interac;
• PayPal;
• Skrill;
• Neteller;
• ecoPayz;
• PaySafeCard;
• Bitcoin;
• Apple Pay;
• Google Pay.

These payment methods are in high demand among many gamblers worldwide, inclusively Canadian players. The first four payment options are the most common and in-use, but the rest have their customers. We hope that this information can help you find out an online casino that will follow your needs and standards, and you can make a deposit or withdraw your money without any problems.