Best Casino Payment Providers

The top casino sites in Canada provide their customers with a wealth of convenient and reliable payment methods. You should always have several secure options at your disposal when funding your account and withdrawing winnings. This online casino payment methods guide explains the wide variety of deposit and withdrawal methods available to you.

Fast payouts at online casinos depend on two factors. One is the length of time it takes for the casino to process a withdrawal. This can range from a few minutes to a couple of days, depending on the casino. Fast payout casinos process withdrawals within an hour, provided your account is fully verified. The second factor is the payment method itself. Each payment method will have different processing times, so to get fast withdrawals, you need to combine a fast payout casino with a payment option that is known for quick processing times.

In this guide, we will explain the pros and cons of each payment method. You will learn when best to use each payment option, and when another method might be preferable. So, whether you are looking for online casinos with free spins or gambling sites with live dealer tables, you will learn the quickest payment methods and those that are best for large amounts of money. We will also highlight the steps you must undertake to withdraw funds from an online casino, what payment methods are available at the best new online casinos in Canada, and provide tips on how to remain safe during this process. Read on for a detailed overview of all the best online casino payment methods offered to Canadian players.

It is imperative that you choose the correct payment provider for your needs. Some are better suited to high rollers, while others are more appropriate for small deposits. Certain payment methods are quick and convenient, but they may incur processing fees that eat into your winning margins. Some online casino withdrawal methods are very slow, but you may find them reliable. This casino payment guide will highlight the pros and cons of the various different casino payment providers.

You can categorize the best casino payment methods – Debit cards, pay by phone, e-wallets, prepaid cards, and bank transfers. I've listed each option below, highlighting the best option within the groups. You'll also find more niche payment methods that are becoming more popular, from offline cash payments to crypto.

Mobile phones are now ubiquitous across Canada. We spend hours glued to our phones each day, and online casinos have optimized their sites to keep up. You can now enjoy thousands of games from any mobile casino with ease. You can also make quick, convenient mobile payments – either via Google pay and similar.

Apple Pay - You can use Apple Pay for contactless point-of-sale transactions via your Apple-device. It works with any merchant that accepts contactless payments. You visit a site, open the cashier section and choose Apple Pay as your deposit option. Your Apple wallet will then appear on the screen, and you can use Touch ID to verify the payment. The process is instant, so you can immediately start playing.

Visa - Visa casinos are the easiest to find in Canada. Visa has a secure data centre in London, and the company can process up to 30,000 transactions per second. It allows instant deposits, with broad transaction limits.

VISA Electron - Similarly to a standard Visa debit card, except it doesn't allow accounts to be overdrawn. If you play at Visa electron casinos, you need money in your account to deposit. It's not quite as widely accepted as a standard Visa debit card, but it is still available at most sites.

Mastercard - You’ll see Mastercard on most sites that also offer Visa. They offer a very similar service, and it is also a major multinational company. The main issuers of Mastercard debit cards are Royal Bank, The Bank of Montreal, the Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and TD Canada Trust.

Maestro - Maestro is a debit card brand owned by Mastercard. Some of the largest banks in Canada issued it, but HSBC and others moved to Visa more than a decade ago. So, Maestro isn't as popular but there are still Maestro casinos around.

American Express - American Express is one of the world’s most popular credit card providers. American express offer several benefits, including personalized bonuses and loyalty points.

E-wallets lets you make instant deposits. You only need to insert your e-wallet address, no card details on web forms each time you make a transaction. This saves you time, and it is also safer. You can also use your e-wallet several sites and keep track of your bankroll in one place. Although, you will not qualify for casino bonuses if you use certain e-wallets, so you might want to use an alternative for those.

• PayPal - The world’s most popular e-wallet isn't accepted at all casinos, so I have created a page that lists the best PayPal casinos online. This method offers safety, fraud protection, speed, and convenience. It is mobile-friendly, and you can often benefit from a bonus when using it.
• Paysafecard - This is a prepaid card that you can use to fund your casino account. It is one of the most used online casino deposit methods. You can buy a Paysafecard at a variety of supermarkets and stores around the country. Enter the voucher code on the card to make a deposit. As you decide the amount in advance, it's a good way to stick to your player budget.
• Neosurf - At Neosurf casinos, you can choose to deposit with either the Neosurf app or a physical voucher number. It's a great choice for casino payments both ways, all you need to do to make withdrawals possible is to create an account online.
• Neteller - Neteller is a very popular instant online casino payment option. Paysafe Group owns it, along with Paysafecard and Skrill. It's accepted at most sites, but you should know it rarely activates bonus offers.
• Skrill - Is another convenient e-wallet that allows you to make rapid deposits and withdrawals. Just remember that there could be a fee to withdrawals from Skrill casinos. It's also a payment method that is often excluded from bonus offers.
• Payz - is another e-wallet that allows you to make quick deposits at Payz casinos online. However, it can have higher fees than Skrill and Neteller, and the limits sometimes differ.

Most online casinos will accept a direct bank transfer from your account to theirs. It's an old-fashioned way to deposit, but it is safe and reliable. It also offers high payment limits, so it is still a popular option for many players.

• BankWire - Bank wire also works as a casino payment system worldwide. It's not a quick and simple process compared to other alternatives, but it's still offered. Depending on where the casino is based, you'll need IBAN and SWIFT-numbers to deposit. 
• WireTransfer - Some sites offer casino payment services like instant bank transfers of $10 all the way up to $50,000 or more. You will find it listed among the deposit and withdrawal options if it is available. The downside is that bank transfers usually take longer than more modern alternatives.

There are some other online casino payment methods offered in Canada, including Interac, one of Canada's most popular online payment options. Certain additional payment methods do not quite fall into any of the categories mentioned above, so we have listed them below.

Cryptocurrency

You can now use crypto to buy cars, houses, holidays, fine wine, takeaways, yachts, private jets, clothes, web services, art and much more. Several online casinos and sportsbooks now accept crypto too. They are mainly “offshore” sites, based in Central America and the Caribbean. It is generally the fastest withdrawal online casino method available at those sites, as it cuts out the middleman and facilitates peer-to-peer payments. Licensed casinos in Canada do not currently accept crypto, but it is becoming increasingly prevalent, and we expect to see it offered in future. Bitcoin is the largest cryptocurrency, with around 40% of the total market cap, but a number of casinos also accept Litecoin and Bitcoin Cash for quicker transactions. Others used include Ether, Monero, Dash and Tether. The latter is a stablecoin, so it is not prone to the sort of wild fluctuations that plague the others.

Instadebit

Instadebit is a secure, bank-based payment method available to consumers in Canada. It is similar to Interac and iDebit. Instadebit allows users to transfer funds instantly from their bank accounts..

Wire Transfer - Western Union

A wire transfer is used to describe an electronic payment made using a money transfer service, such as Western Union or Moneygram. Western Union is the largest of these providers and it has branches in Canada. You might consider using it if you are sending funds to a casino that is licensed in Canada but located abroad, but instant pay online casino deposit methods and casino withdrawal methods like debit cards and e-wallets are more convenient.

Klarna

Klarna is a Swedish fintech company that offers various financial services, including payment solutions for your online casino transactions. To deposit at Klarna casinos, you will need to link Klarna to your debit card or bank account. While it is possible that some online casinos in Canada may accept Klarna as a payment method, it is not yet a widely accepted option. We think this will change, given that Klarna is so easy to use, plus it’s safe and secure.

It is very simple to deposit money at an online casino. Once you have signed up and verified your account, you can visit the “Cashier” section of the site and click the “Deposit” option. You will then be presented with a list of the various different online casino payment methods that it provides.

Choose the method you want to use, type in the amount you wish to deposit and then enter your card details, e-wallet address, voucher code or pay-by-phone casino details, and click to confirm the transaction. The funds should arrive in your account immediately. Just remember that you will not receive a welcome bonus or a reload bonus if you use Skrill or Neteller.

The withdrawal process is also very simple. Click “Withdraw” in the “Cashier” section to see the list of online casino withdrawal methods. It is generally narrower than the list of online casino deposit methods, because methods like pay by phone are not available for withdrawals. Choose your preferred method, enter the amount you wish to withdraw and confirm the transaction.

Certain sites may require you to verify the transaction via your phone or email. The withdrawal limits and withdrawal times vary from one method to the next. The payment team will need to process and approve your request. Some will do this rapidly, while others take a few days. You then have to wait for the transaction to go through. Debit card withdrawals and e-wallet withdrawals are pretty quick, but wire transfers can often take seven to 10 business days.

The casino payment methods mentioned on this page all offer safe, secure transactions. Debit cards and bank transfers are probably the safest, but providers like PayPal, Skrill, Neteller, Payforit and Boku also have impressive security records. We only recommend licensed, legitimate and reputable online casinos. They have dedicated security teams and they use aggressive encryption software to protect players’ details, so you can send money to and from these sites without fear.

Responsible Gambling is something of paramount importance to us here at Casinos.com, and we ensure every payment provider we review takes all the necessary steps to ensure your safety while playing at online casinos.

Many payments providers will offer you the option to exclude you from making deposits to any online gambling sites if you feel that your online casino play is affecting you negatively. Remember, you should only bet what you can afford to lose. You can also set deposit and withdrawal limits, or if at any period you wish to close your account, whether that be with an online casino or a certain payment method, you can do so also.

Our team of experienced casino players conducts regular reviews of each payment method listed on this page. The reviewers at Casinos.com are very thorough in their approach. They take into account the safety measures, the user experience, the fee structure, customer service, functionality, versatility and reliability offered by each casino payment method. We can then compare and contrast the various different online casino payment methods to highlight the fastest, safest and most convenient options available.