Online casino payment transactions and their speed are one of the most important criteria when choosing a casino. Nowadays, there are plenty of safe options for casino transfers, provided by the top names in the payment industry, from which you can choose the preferred payment method for withdrawals and deposits. In Canada, payment method options vary from standard bank cards to online wallets and bank transfers. In addition to these, new modern payment methods have become more common in casinos’ offerings, for example mobile payments, cryptocurrencies, Interac and prepaid cards can often be used in casinos’ money transactions.
Next, we will tell you more about the best payment methods in 2022 and we will also expand your information bank about new online casino payment methods. As is well known, however, money moves fastest in casinos through online wallets, Interac and Pay N Play, which are the credit choice of every player. The most common payment methods online are safe, but always remember to check which service you use when paying.
The most well-known and traditional payment methods at the online casino in Canada are credit and debit cards, i.e. Visa and Mastercard in practice. These two are almost always available for credit and debit card payments
Over the years, credit and debit cards have maintained their great popularity also among Canadian casino players, but their popularity is going down in the long run. With these cards, you can only withdraw with Visa, and the costs are not profitable for the player when compared to other options. In addition, it takes longer for the withdrawal to arrive than with any other withdrawal option.
Interac casinos offer a wide range of casino games, high standard welcome offers, raffles, tournaments and a reliable and intuitive design.
For more information about Interac casinos in Canada please follow the link.
Interac is the most common casino payment method in Canada. The best Canadian online casinos offer this payment method, it is easy to use, safe and fast. Interac is accepted by the vast majority of banks in Canada, it offers optimal transfer solutions between banks and the player’s account.
Net wallet means a virtual wallet into which the user can load money from his bank account by bank transfer or using his bank card. After downloading the money, you can transfer it to, for example, online casinos with immediate transfers. In addition to this, most online wallets offer players the opportunity to get their own bank card, which allows the balance of the online wallet to be used immediately, and money does not need to be transferred separately to a bank account anymore.
There are online wallets everywhere, but most of them work basically the same way. However, when using online wallets, you should always familiarize yourself with the casino’s terms and conditions, as several casinos prohibit the use of online wallets for deposits that activate casino bonuses. This is because the online casino pays online wallets the highest margin of payment options for money transfers, which normally do not incur major costs for the player.
By far the best option for the player at the moment can be considered instant transfers with online banking credentials. This can be done conveniently with the market-leading payment service Trustly. Using these services, money moves immediately in both directions, and at no cost to the player.
Trustly has made instant casinos and casinos without registration possible. The Swedish payment service, which holds the top name in the field, cooperates with many banks, so the service works without problems regardless of your own bank. At casinos without registration, you can start playing in a few minutes without time-consuming registration forms, and the winnings click into the account almost immediately thanks to Trustly’s withdrawal times.
Paysafecard is a simple payment card with which you can transfer money to your casino account anonymously. The very popular payment method is available almost everywhere in Canada too, i.e. just by spinning at Kiosk you can grab yourself a Paysafe card and use it to deposit money at the casino. The biggest problem with Paysafecard is that you can’t withdraw funds with it. In this way, the anonymity of the payment service is somewhat lost, when you still have to send documents to the online casino in order to get the winnings credited to your account.
Playing casinos with a bill is one of the trends of recent years, made possible by services like Zimpler, Klarna and Siru Mobile. The process is simple, the player deposits the bill to the casino by choosing. The money is immediately transferred to the account, and the player can handle the payment as he wishes when he receives the invoice at home. For example, in the case of the popular Zimpler, the invoice arrives after 15 days.
Depositing using a bill has increased its popularity among mobile players, but of course the money is also available when playing on a computer, even if it was deposited via phone. The weakness of playing with a bill is that the payment of winnings has to be handled in some other way. In addition, the services often charge considerable costs for this method compared to other payment methods.
Cryptocurrencies have been booming for a few years already, and their use has already become commonplace in 2022. Currently, online casinos also accept cryptocurrencies for playing (crypto casinos), which means you can deposit and withdraw using crypto. Cryptocurrencies are highly used in Canada, mainly in casinos operating with a Curacao gambling license. It is an almost cost-free and absolutely safe casino payment method that uses blockchain technology to its advantage. Briefly explained, this means from the player’s point of view that the money is not transferred in one lump, but the sent Bitcoin is divided into smaller parts, thanks to which it is impossible to hack the transfer. Bitcoin is often played in online casinos with a value corresponding to the value of crypto converted into fiat, i.e. traditional currency.
Of course, players want to use their winnings as soon as possible. The fastest withdrawals can be made through online payment services. If the casino’s withdrawal processing is an automatic process, the money can be transferred to the bank account in less than five minutes. It is good to keep in mind that some banks need a little more time for processing. Online wallets also offer similar withdrawal times, you will normally see the money in your online wallet within a few minutes. Money can be stored in an online wallet, from where it can be used directly on the pages offering the service or via the service’s own payment card. If you want to withdraw the money from the online wallet to your own bank account, it will take a little longer, normally 2-5 business days.
The payment methods offered by online casinos are payment services under the supervision of the authorities, and they are subject to strict rules regarding security. Payment transactions are protected and encrypted, and you can transfer money safely and reliably. However, you should always pay attention to where you deposit money and where you give your information, especially when talking about credit card information. Only play on sites that hold a well-known gaming license. When using cryptocurrencies, you should be even more careful, because if you write the address wrong and transfer money, you will probably never see the funds again. Buying the cryptos themselves should also always be done from reliable sources.
The most popular casino payment methods are credit card payments and bank transfers using payment services. We can name Interac as the most popular payment method, which still sovereignly holds its place at the top of payment services.
Transferring money is free for the player with most payment methods, but check the casino’s website for the possible costs of each payment method. Certain payment methods incur costs for the player.
You can figure this out by trying different payment methods and comparing them to your habits. This way you can find the best way for you to transfer money between the casino and your bank. The simplest option for a first-timer is a transfer made using online banking credentials.