Home » online casinos » banking
Joe Yarnold

When gambling online it’s important to understand the different online casino payment methods that are available. Almost every casino now supports a multitude of payment services, from traditional options like credit cards to the most modern methods such as cryptocurrency.

In this comprehensive guide, we explain the available Canadian casino payment methods at gambling websites. We cover what you can expect in terms of fees, processing times, transaction limits, and more.

An Overview of Casino Banking Options

Below we have listed the online casino payment methods you can use in Canada. We have included their general level of availability and some essential information to help you determine which ones are the best for you.


Visa Logo Visa is one of the world’s largest credit and debit card networks. So, it’s no surprise that it’s an accepted online casino deposit method that can be found on most sites. Deposits are processed immediately and casinos will not usually charge a fee.

However, you may incur charges from your card issuer. Note that although this is a convenient option for funding your account, online casinos do not offer it as a way to withdraw your winnings which means that you will likely need to find an alternative option.


Mastercard logo Mastercard is another one of the biggest bank card networks that is accepted in over 200 countries and territories  across the world. It is a readily available casino payment option at many sites but is not as commonly supported as the payout method.

While the casinos themselves don’t usually charge fees for using Mastercard, your bank or card issuer may apply small fees.

American Express

AMEX American Express is another well-known international banking card network. Visa and Mastercard are accepted at a lot more casinos than AMEX, however, you will be able to use this method at a fair number of sites. AMEX deposits should have zero fees and are often processed instantly.


Paysafecard With Paysafecard, you can use cash to fund your online gambling account by purchasing a card from a local retailer. Casinos won’t charge you any fee for using this method and deposits are processed instantly.

At a Paysafecard casino, you never have to worry about providing any personal financial information as all you need is your 16-digit PIN. However, you should note that this will only be available for deposits and when the time comes to withdraw funds you will need to select an alternative.


PayPal PayPal is perhaps the most well-known eWallet online. Unfortunately, due to their restrictions, you cannot make online casino deposits or withdrawals with this method. However, you can use PayPal to fund other options accepted by the casino like purchasing crypto or prepaid vouchers.


Neteller This is a diverse eWallet that has some of the lowest fees around. Sadly, like PayPal, most online casinos in Canada can no longer offer direct withdrawals or deposits from Neteller. However, you can buy crypto via Neteller using fiat payment options and use the crypto to make deposits and take advantage of exclusive offers.


EcoCard Depositing funds with an Ecocard at an online casino will incur no charges from the casino. However, Ecocard may charge you a rate of up to 2.99% for currency conversion if the casino does not accept funds in CAD. Maximum limits are usually around CA$3,000 to CA$5,000 and withdrawals will take up to three days.


EcoPayz You can find ecoPayz as an accepted casino deposit method at most sites. This prepaid electronic wallet will allow you to make deposits and withdrawals with no fees charged by the casino. Maximum limits vary greatly between casinos, typically between CA$5,000 and CA$25,000. Deposit limits are also dependent on the site, with some being as low as CA$1,000 and CA$10,000.


MuchBetter MuchBetter is a relatively new mobile wallet that you will find at almost all Canadian casinos. You need to download the MuchBetter app on your mobile device to use this method. The app is free to download and there are no additional charges by the casino. Deposit transactions are instant, and withdrawals are fast, usually taking less than 24 hours.


Neosurf Neosurf is another electronic pre-pay voucher system that allows you to use cash to gamble online. You can buy vouchers from local retailers or purchase them online. It’s a widely accepted casino deposit method, however, it’s not available for withdrawal. There are no fees from the casino but if the currency needs to be exchanged, Neosurf will charge a 2% fee.

Wire Transfer

Wire Transfer This traditional method is a mainstay at online casinos for withdrawals. It’s less common to find as a deposit method but it is occasionally supported. It’s one of the slower methods for withdrawals and takes between 3-5 days, or longer in some instances. Wire transfers usually have some of the highest maximum withdrawal limits often being CA$20,000 or more.


ECheck eCheck are electronic versions of traditional paper checks. As a deposit option, they are quite rare and if a casino offers eCheck deposits it can take 1-3 days to appear in your casino account. Withdrawals are more commonly available but the processing time is even long usually taking somewhere between 5-7 days.


Instadebit This secure online banking method works as an intermediary between your bank and the casino. You can incur a flat rate fee from Instadebit, ranging from CA$0-2 but casinos will add no additional charges. Deposits are instant and maximum limits are around CA$10,000 but it is possible to find sites with no maximum limit.


Bitcoin Most sites now support Bitcoin deposits and withdrawals. Deposits are processed instantly and free of charge. Withdrawals are also usually free and can take anywhere from 1 hour to 3 days depending on the casino, however, around 24 hours is the average processing time. One of the reasons Bitcoin has become one of the most popular online casino payment methods is because players will often qualify for exclusive online casino bonuses and promotions.


Interac Interac is a network that links banks and other organizations to transfer money from one bank account to another electronically. It’s one of the most popular casino banking options and is supported at most online casinos in Canada.

Minimum deposit and payout limits are often quite low around CA$10-20. The maximum limits are usually at the lower end being around CA$1,000 to CA$3,000.


Jeton Jeton is an eWallet available in several countries around the world. It’s accepted at a large number of Canadian casinos. Deposits are free of charge but you will find that a 2.5% fee will be charged by Jeton when you receive money. Withdrawals are typically completed within 48 hours but can take longer at some sites.


Skrill Casinos in Canada no longer support direct payments or withdrawals from Skrill. Some casinos still advertise it as it is available in certain countries but Canada is unfortunately not one. You can use it in conjunction with other options like crypto or prepaid vouchers but direct transfers to and from casinos are not possible.


Maestro Maestro is one of the other credit debit card casino payment options you will encounter while gambling online. It’s not as widely available as Visa or Mastercard and you will only be able to make deposits with a Maestro card.


Entropay Entropay is a prepaid debit card that should work at any casino that supports Visa or Mastercard. It is free of charge to use Entropay at casinos as sites do not charge processing fees for this method. However, when you top up your card there is a fee of 4.95% charged by Entropay and if you want to withdraw money there is also a small flat rate fee.


Payforit Payforit is a mobile banking service that lets you deposit at casinos using your phone. Rather than paying for your deposit outright like most other payment methods, the amount will be charged to your phone bill. It’s still not widely available at online casinos. If a site does offer it, it will only be for deposits.


Ethereum Like Bitcoin, Ethereum is a cryptocurrency and a common online casino payment method at many sites. Deposits are processed immediately.

Withdrawals can take between 20 minutes and 3 days subject depending on the casino. You will generally find that casinos don’t charge any fees for using Ethereum.


Litecoin Another popular crypto coin that is now supported at a large number of online casinos is Litecoin. Like other cryptos, it also generally comes with no fees and processing times are fast with deposits being instant and withdrawals taking ten minutes to three days.

Google Pay

Google Pay Google Pay is a mobile payment service that you can use online and in person. Unfortunately, this method is not one of the most commonly accepted payment methods, and several sites that accept it as a deposit method do not support withdrawals. If a site does support GPay withdrawals it usually takes one to two days.

Apple Pay

Apple Pay Apple Pay is another popular mobile payment method as most people using an iPhone will likely have an account set up. Like Google Pay, it is often an available deposit method but rarer to see it supported for withdrawals. If it is the processing times are around 24-48 hours and incur no charges.


Revolut Revolut is a fairly new banking service that offers a fully online account and a linked one-use debit card. One of the advantages of Revolut is that you can pay in different currencies without exchange rate fees, which is especially useful for casinos based offshore. You will not be charged at most sites when using Revolut as a casino banking method.


Boku Boku works by charging deposits you make to your phone bill. It’s convenient, particularly for those using their phone to gamble. However, it is found at a very limited number of Canadian casinos at the moment and maximum deposit limits are usually around CA$30 a day which is pretty low compared to other payment methods.

Comparing Canada’s Best Casino Payment Methods

The table below gives you a brief overview of all of the different online casino payment methods you can find on gambling sites. The information below is based on averages across multiple sites. So, you might find that processing times, transaction limits, and fees will differ depending on the site you choose.

Rank Payment Method Fee Avg. Deposit Time Avg. Withdrawal Time Avg Min. Transaction Avg Max. Transaction
#1 Bitcoin 0% Instant 24 hours CA$10 CA$20,000
#2 Visa 0% Instant 3-5 days CA$20 CA$5,000
#3 Mastercard 0% Instant 3-5 days CA$20 CA$5,000
#4 Interac 0% Instant 24-72 hours CA$10 CA$3,000
#5 JetOn 0% Instant 24-72 hours CA$10 CA$5,000
#6 Ethereum 0% Instant 24 hours CA$10 CA$20,000
#7 Litecoin 0% Instant 24 hours CA$10 CA$20,000
#8 Much Better 0% Instant 24 hours CA$10 CA$5,000
#9 American Express 0% Instant 24-72 hours CA$20 CA$5,000
#10 Neosurf 0% Instant N/A CA$20 CA$3,000
#11 ecoPayz 0% Instant 24-72 hours CA$20 CA$10,000
#12 EcoCard 0% Instant 24-48 hours CA$10 CA$5,000
#13 Instadebit 0% Instant 72 hours CA$5 CA$20,000
#14 Wire Transfer 0% Instant 2-5 days CA$20 CA$20,000
#15 Revolut 0% Instant 24-72 hours CA$20 CA$5,000
#16 eCheck 0% 3-5 days 5-7 days CA$10 CA$5,000
#17 Paysafecard 0% Instant 24-72 hours CA$10 CA$3,000
#18 Apple Pay 0% Instant 24-48 hours CA$20 CA$5,000
#19 Google Pay 0% Instant 24-48 hours CA$20 CA$5,000
#20 Maestro 0% Instant N/A CA$20 CA$5,000
#21 Boku 0% Instant N/A CA$5 CA$30

Best Payment Methods for Fast Withdrawals

Cryptocurrencies and eWallets are the fastest online casino payment methods. Bitcoin, Ethereum, Litecoin, and any other digital coin supported on an online casino will take a maximum of three days. Most of the time payouts will shown in your crypto wallet within hours of requesting the withdrawal.

eWallets and mobile payments are also usually completed within 24 hours. Occasionally, they might take 2 to 3 days depending on the casino and the eWallet you use.

How to Gamble Anonymously With Real Money

There are various reasons that people will want to remain anonymous when gambling at online sportsbooks and casino sites. The main two reasons are the privacy and increased security it offers. Banking methods for casino deposits like cryptocurrency, eWallets, vouchers, and prepaid debit cards all offer anonymity to some degree.

Digital wallets like PayPal, Apple Pay, and Google Pay are semi-anonymous. This is because when you make an online payment, your bank details are not shared with the recipient. They use encrypted data and one-time payment tokens which means payments are also very secure.

Vouchers and prepaid cards are another way to protect your identity at online casinos as they are the closest option to cash you can use online. With this method, users can purchase codes with cash from retailers or online and then use the code to make a deposit. One issue with these, however, is that most casinos accept these for deposits but not withdrawals.

If you are looking for an anonymous payment method that you can use for both deposits and payouts then crypto is your best option. Cryptocurrency is on a decentralized network and even though all crypto transactions are viewable by anyone on the ledger, they are not linked to your name. In addition, some crypto-only casinos also don’t require you to complete KYC checks when you make withdrawals.

The Best Payment Methods for High Rollers in Canada

Cryptocurrencies are one of the best online casino deposit methods in Canada for those with deep pockets. You will find that most casinos have a maximum withdrawal limit of between CA$10,000 and CA$20,000. However, some casinos put no maximum withdrawals for those using Bitcoin or other crypto coins.

A more traditional method suited to high rollers is wire transfer. Most casinos don’t limit the amount players can withdraw using this method. If there are limits, it’s often CA$20,000 or more. The one downside is that if you withdraw using this method, your money can take around a week to reflect in your account.

Minimum Deposit Casinos

A minimum deposit casino is a site that lets you gamble by making a small deposit. Typically, a casino that lets you deposit $10 or less is considered a low minimum deposit casino.

Cryptocurrencies like Bitcoin and Ethereum are usually the online casino’s payment methods that offer the lowest possible deposit method at an online casino. For most sites, the minimum deposit amount will be $10 but you may even find sites that go as low as $1.

These sites are ideal for those on a limited budget because you can play your favourite games for just a few dollars. It’s also good for those looking to control how much they are spending on gambling. It’s much easier to limit the amount you deposit than to limit the amount you spend from your casino account balance.

Best Mobile Casino Banking Methods

Many Canadians who gamble use their mobile to place bets and play casino games for real money. For this reason, it’s important casinos support banking methods that make it quick and simple to top up and request payouts straight from your phone.

Mobile payment services such as MuchBetter are ideal deposit methods for mobile sports betting and casino gambling. Because these are linked to apps on your phone, you can usually make payments with a few clicks and they can make use of your phone’s features such as FaceID, which adds an extra layer of security to each transaction.

Certain mobile online casino payment methods like Apple Pay, Google Pay, and Payforit are also very useful. These services don’t take payment from you straight away but rather add it to your phone bill or monthly bill in the case of Apple Pay.

Cryptocurrency payments are also well-suited to mobile phones as they generally work by QR code. You can quickly scan the codes using your phone’s camera and requesting a deposit or withdrawal will take just a few seconds.


How do online casinos pay out?

Do online casinos charge fees?

How do you pay online casinos?

What are the most common payment methods at online casinos?

What are the best online casino payment methods available in Canada?

Joe Yarnold

Joe Yarnold has been a part of the SBS team since 2021. He works as a content editor and writer specializing in gambling. He has a background in writing informative articles on all aspects of gambling. Although his focus is on casinos he also has a passion for sports betting and has years of experience in this field.