As a fast-growing market for online casino gambling, Canadian players should be able to enjoy real money games on licensed gambling sites without setbacks. And they can. Since payment methods play the title role in real money gambling here, it’s up to us to bring them closer to you.
So, the better the casino payments system is, the more likely Canadian players are to register and play there. If you’re looking to get more familiar with the deposit and withdrawal process and learn which Canadian payment methods are the best, you have come to the right place.
Reviewing the methods that you can use in online casinos in Canada is a process that we take very seriously. We make sure not to leave any stone unturned. So, some of the features that we pay extra attention to are the following:
Convenience of payment. First up, we make sure that the casino payment method is easy to use. That includes being able to deposit and withdraw via desktop and mobile devices in as few steps as possible.
Bonuses and promotions tied to methods. The payment option of your choice should be eligible for various bonuses and promotions. Certain e-wallets face restrictions in this matter, which is why they’re not that popular among Canadians. The more likely you are to claim a promo, the better.
Payout rate. This refers to the processing speed of each transaction. The faster the transaction is approved and sent, the better the payment method is. Efficiency plays a huge role and can boost the overall experience for Canadians.
Deposit and withdrawal limits. Each payment method has minimum and maximum limits. The general idea is that the payment method should have low deposit and withdrawal limits, while also having high maximum limits. That’s how a certain provider will make itself accessible for both casual players and high rollers.
Transaction fees. Ideally, Canadian casino players should be able to make payments to their online casino account without any fees. If a fee is present, the charge should be as low as possible. In most cases, payment providers that offer efficiency are known to charge fees for every transaction, but we try to stay away from that.
Secure and private transactions. Most importantly, all casino payments should be secure. Every payment method should have MFA tools that authenticate every deposit that you make. Your identity should be hidden and kept safe at all times. That’s how the payment solution prevents potential fraud.
Types of Casino Payments
Canadian players can make payments for online casinos with various methods. The methods that are up for grabs aren’t always featured on one site, though. Some operators might accept them all, some might not. It all depends on the casino’s banking policies.
Credit and Debit Cards
Credit and debit cards are among the most popular payment methods for Canadians. The biggest advantage of credit and debit cards is the fact that they have a high acceptance rate and almost every Canadian adult has one or the other. As such, you’ll be able to use Visa casino payments, Mastercard, and Visa Electron, among others to deposit and withdraw at almost every Canadian casino site.
Prepaid Cards and Vouchers
Some of the most commonly used prepaid cards and vouchers are part of Flexepin and Paysafecard online casinos in Canada. These vouchers are known as the best options for those who are looking to gamble responsibly and have a safe online gambling experience. Paysafecard vouchers in the country usually come with values of $10, $30, $50 and $100, but it depends on the maker.
E-Wallets
Many online casinos that operate globally accept a variety of e-wallets, and online casinos that operate in Canada are no different. Canadian players usually resort to using the likes of Skrill, Neteller, Payz, and MuchBetter online casinos. Making online casino PayPal payments or payments with other e-wallets comes with benefits such as security and efficiency. However, you should be mindful of the fact that they’re known for charging small fees, especially when it comes to deposits.
Interac and Bank Transfers
As a Canadian-based payment method that you can integrate with your bank account without entering any personal and/or bank details, you can count on Interac online casinos. Canadian casino players can even use the Interac debit card for effortless payments at casino sites. On the other hand, bank transfers are arguably the most secure option, but they’re known for their slow processing period. On average, a bank transfer casino withdrawal may take up to 7 business days.
Additional payment methods that are supported by banks are iDebit and InstaDebit. Canadian players connect them to their bank accounts and use them to transfer money more securely. Their processing period is more or less the same as standard bank transfers. Wire transfers differ from standard bank transfers as they are international payments, whereas bank transfers are domestic. As such, their processing period may be a bit longer.
Cryptocurrencies
Every popular online casino with cryptocurrency payments provides players with instant deposits and withdrawals. Cryptocurrencies are fully optimized for online payments and that includes making a casino deposit or withdrawal. They even promote a certain level of online anonymity, which boosts security. Crypto payment methods at the top online casino sites in Canada include the likes of Bitcoin, Tether, Dogecoin, and Ethereum, among many others.
Mobile Payment Methods
If you’re a fan of playing casino games on your phone, you’ll be happy to know that Canadians can make payments in Google Pay and Apple Pay online casinos. These mobile payment options enable fast deposits and withdrawals, but they have certain restrictions. Apple Pay, for example, is only available to iOS users, while Google Pay is available only to Android users.
Casino Deposit and Withdrawal Limits and Fees
To deposit and withdraw with payment solutions at Canadian online casinos you’ll need to follow certain policies regarding the fees, limits and processing periods. If you’re going to use a specific payment provider, you need to be aware of these policies to understand whether it’s worth using that specific option or not.
Method
Min/max deposit
Average deposit time
Min/max payout
Average withdrawal time
Fees
Visa
$20/$2,000
Instant
$30/ $5,000
3-5 business days
No
Mastercard
$20/$2,000
Instant
$30/ $5,000
3-5 business days
No
PayPal
$20/$5,000
Instant
$20/$5,000
0-24 hours
0% (unless it includes currency conversion)
Neteller
$20/$5,000
Instant
$20/$5,000
0-24 hours
2.5%
Skrill
$20/$5,000
Instant
$20/$5,000
0-24 hours
2.50%
Paysafecard
$10/$100
Instant
$30/$100
0-24 hours
No
Interac
$50/$2,000
Instant
$50/$2,000
3-5 business days
Depends on the tier and connected payment method
Flexepin
$20/$500
Instant
/
/
No
iDebit
$50/$2,000
Instant
$50/$2,000
3-5 business days
$2 for withdrawing money to your bank account
Apple Pay
$20/$5,000
Instant
$20/$5,000
0-24 hours
No
Google Pay
$20/$5,000
Instant
$20/$5,000
0-24 hours
No
Bank wire
$50/$2,000
May take up to 24 hours
$50/$5,000
5-10 business days
No
Depositing and Withdrawing at Online Casinos in Canada
The process of depositing and withdrawing at the best casino sites in Canada is rather simple. You won’t experience any difficulty making either of the transactions. Keep in mind that while deposits to casino accounts are usually instant, withdrawals have a processing period.
Depositing Money at Canadian Online Casino Sites
Before you deposit funds at Canadian casinos with a specific payment method, you need to register an account first. After you choose an operator and sign up, follow these steps.
Withdrawing Money at Canadian Online Casinos
Verify your email/phone number. In many cases, legitimate Canadian online casinos will ask you to verify your email or phone number before you can deposit funds for the first time.
Go to the deposit menu and choose a method. Visit the cashier section and select the deposit menu. See what the casino offers in terms of available deposit methods. Select an option that’s closest to your preferences.
Enter the amount that you want to deposit. Each CA casino has minimum and maximum deposit limits. Check what is the minimum limit and enter an amount that’s either equal to the minimum limit or higher.
Input payment method details. When you deposit for the first time, you’ll have to enter your payment method details. For example, if you want to deposit via Skrill, you’ll have to enter your Skrill mail. After you deposit for the first time, the casino will remember your details and you won’t have to type them in the future.
Confirm the transaction. Review the information that you provided the casino with. If everything is correct, confirm the transaction. Then, check your balance to see if you received the funds.
Before you withdraw money for the first time, you’ll likely have to verify your account first. You’ll have to read the KYC policies to learn all about this procedure. Once you confirm your identity, you can withdraw money by following four steps.
Meet bonus terms and conditions. If you used a bonus, make sure that you’ve met its terms and conditions. Otherwise, you won’t be able to withdraw potential winnings that you made with it.
Go to the withdrawal menu. Open the cashier menu, but this time, visit the casino withdrawal section. The casino will provide you with a list of withdrawal methods. Usually, policies state that you can withdraw with the same method that you used to deposit money into your account.
Enter the amount that you wish to withdraw. Check the minimum withdrawal for that specific payment service. Enter an amount that’s either equal to the limit or higher.
Confirm the transaction. Review the information and confirm the transaction. Some casinos might allow you to cancel your withdrawal request if its status is marked as “Pending.” Once it turns to “Processed” or “Approved,” there’s no going back.
Payment Requirements for Canadian Players
Casino payment methods in Canada have certain restrictions. Some of them are placed by the casino, some are placed by the provider and some can be placed by the players themselves. Knowing these limits is the key to navigating the online payment system of a gambling operator.
Account Verification
Every legal online casino in Canada asks its players to verify their accounts. If you don’t verify your account, you won’t unlock all of the operator’s services. There are four main reasons why verification is needed.
First up, the casino needs to make sure that you’re of legal age. Some provinces in Canada require players to be 18 to gamble online (Alberta, Manitoba, Quebec). Others require players to be at least 19 (Saskatchewan, Prince Edward Island, Ontario, Nova Scotia, Newfoundland and Labrador, New Brunswick, British Columbia). If you’re joining an offshore regulator casino platform, make sure you are at least 18 years old.
Secondly, the casino needs to make sure that you’re not a problem gambler. Thirdly, through verification, the casino takes a look at your income and decides whether you can afford the amount that you’re using to gamble.
Lastly, the verification system is in place to make sure that the address that you provided is truly your residing one. To confirm your age and address, some casinos require you to send photos of your ID and utility bill.
For proof of income, you’ll likely need to send a document of the payment method that you’re using. This can be a screenshot from your payment provider or a bank statement.
Daily, Weekly and Monthly Withdrawal Limits
Casinos in Canada set daily, weekly and monthly withdrawal limits. The daily limit sometimes may be lower than the limit per transaction of the method that you’re using. For example, you want to withdraw via a bank transfer. The limit per transaction is $5,000, but the daily limit is $2,000. That means that you’ll likely won’t be able to cash out more than $2,000. There are also some fast withdrawal online casinos in Canada that will surely work wonders for players wanting to get withdrawals out of the way.
Instead, you’ll have to send withdrawal requests in three separate days. These limits may be increased, depending on your VIP status in the casino. Additionally, you may ask for a change by reaching out to the support team at the casino.
Deposit Limits Set by Players
Every legal online casino in Canada uses responsible gambling policies. These include wager limits, session limits, self-exclusion programs, etc. There’s also one connected to the payment method and its deposit limits. These limits are set and altered by the players themselves. Once you activate a certain deposit limit, it usually takes about 24 hours before the changes apply.
Casino Payment Restrictions
On some occasions, the CAD may not be among the accepted currencies of the casino. This isn’t that big of a restriction because when you apply for a withdrawal, you’ll still receive the funds. However, some of the accepted payment methods may charge you currency conversion fees. Take Skrill as an example. Foreign exchanges after making secured casino payments can have fees of up to 3.99%.
There are also payment restrictions set by the casino itself. Just because certain methods allow you to deposit money, that doesn’t mean that you can use them for withdrawals. One common case is the availability to use Visa to deposit at online casinos, but having Mastercard as the closest alternative for withdrawals.
Can You Claim Bonuses and Promotions with Casino Payment Methods?
When you fund your casino account in Canada, you open the possibility of receiving casino bonuses and promotions. Their exact rewards vary from one site to another. There are two types of bonuses that you can come across – no deposit and deposit match. Deposit bonuses mean that you claim them after you deposit with one of the available payment methods. These offers are:
Welcome bonuses – A bonus that you receive on your first deposit. This is a one-time offer, limited to one account.
Match bonuses – The casino gives you bonus money and/or free spins when you make your first deposit in a selected period. These offers are usually valid once every week.
Reload bonuses – A reward that the casino provides you after making recurring deposits in a certain period. For example, each time you deposit on Wednesday, the casino matches the deposit and gives you extra funds to play with.
One thing that’s worth mentioning is the fact that e-wallets like Skrill and Neteller are often excluded from the list of eligible payment methods. That means that even if you deposit with them, you won’t receive the adequate bonus.
No deposit bonuses at the top online casinos don’t specifically require you to make a deposit but are the result of playing for real money. In other words, you deposit, play games and later reap certain rewards. These offers include:
Bonus money – Usually awarded when you reach a new level in the VIP program. Certain casinos might even give you bonus money when you register an account, but before making your first deposit.
Free spins – Offered as both a deposit and no deposit bonus, free spins is a promo that’s valid on slots only. It allows you to spin the reels for free while being eligible to win real money.
Cashback – The casino redeems a percentage of the real money that you lost on the games over a certain period with a casino cashback bonus. The percentage may increase, depending on your VIP status.
Referral bonuses – Extra bonus money that you receive when you invite other players to your casino and they make their first deposit.
Tips to Maximize Your Wins at CA Casinos
After choosing a casino deposit method and funding your account, you can start playing for real money. Wins aren’t guaranteed because the variants that you play are games of chance. There are a few tips that we can share that can maximize your wins, though.
Play low volatile slots – Low volatility means high hit frequency. The higher the hit frequency is, the more often you’ll activate winning combinations when playing slots.
Play games with high RTP – The higher the RTP of the game is, the better the payouts over a longer period are. Canadian casinos have an average RTP of 95%, so anything around that percentage is okay.
Try out progressive jackpot games – The maximum rewards in jackpot games increase as players feed the pot while betting. Often, these rewards can exceed millions of CAD. Try them out, but remember that these games are highly volatile.
Understand and implement game strategies – Certain games like roulette, blackjack and poker, open the possibility for using strategic betting. Get familiar with these strategies as they can increase your winning chances.
Know when to call it a day – Never chase after wins or losses. Set limits to your sessions. Remember, the idea is to have fun while playing.
Ease Your Gaming with the Best Canada Payment Methods
Online casino payment methods are the key to having a top-notch gaming experience. Choosing the right option means that you’ll be able to deposit and withdraw with ease and stay away from any unnecessary fees. At the same time, you’ll be able to claim bonuses and promotions and thus, maximize your potential winnings.
Many of the top online casinos in Canada have multiple payment options. All you need to do is pick the one whose banking policies suit you the most. Keep in mind that the T&Cs of most gambling operators suggest that you must use the exact method for both deposits and withdrawals.
Online Casino Payment Methods Canada FAQs
Most CA online casinos accept Apple Pay, PayPal, MuchBetter, Skrill, Neteller, Payz, and others. Each method has its own policies, though.
Apple Pay itself doesn’t charge fees when you deposit money. However, you may have to pay a currency conversion fee if the casino doesn’t accept CAD.
E-wallets usually have the fastest processing periods. Google Pay casino payments, for example, have a processing period of around 24 hours. Cryptocurrencies often offer instant payouts.
To deposit money at a gambling site, you need to register an account first. Then, browse the wide range of payment methods. Select the one that matches your preferences. Enter the amount that you want to deposit and input payment method details. In the end, simply confirm the transaction.
Some gambling sites in Canada are known to charge fees for these transactions. In most cases, you won’t pay an extra fee when you send funds to your casino account, but you may pay a fee when requesting a withdrawal.
If the online casino holds a valid licence from the likes of the Kahnawake Gambling Commission, iGaming Ontario or international regulators, then it’s safe to deposit and withdraw with ease.
The minimum withdrawal amount depends on two things, which is why it varies a lot. The number is based on the method that you’re using and the casino policies.
