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.

How fast payouts are at online casinos depends on two things:

1. The time it takes to process the withdrawal. (This can range from a few minutes to a couple of days). But you'll have to verify your identity and sometimes bank account first.
2. The chosen payment method. Bank transfers take longer than some e-wallets for example.

In this guide, I will explain the pros and cons of each payment method. I also list the fastest payout casinos and which payment methods are most efficient. I also go through the steps for smooth transactions and some tips for avoiding delay. Read on for an overview of the best casino payment methods in Canada.

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.

Casino Payment Methods & Bonuses

Something to keep in mind if you’re on the hunt for a good casino bonus, is that some payment methods don’t activate them. E-wallets like Skrill and Neteller are two examples that often come with the disadvantage. They’re great for quick and safe transactions, but have a look at the T&Cs of any bonus offer before you make a deposit – chances are these two aren’t eligible.

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 or voucher code. Click to confirm the transaction and the funds should show in your account immediately.

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.