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.
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.
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.
While the casinos themselves don’t usually charge fees for using Mastercard, your bank or card issuer may apply small fees.
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.
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.
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.
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 |
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.
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.
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.
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.
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.
Online gambling sites in Canada offer a diverse range of casino banking options for payouts. The ones you will be able to utilize at most casinos are Bitcoin, Ethereum, Interac, and bank transfer
In Canada, most casino payments and withdrawals are free of charge. However, you will occasionally be charged for some casino payment methods. Also even if the casino charges no fees your bank, credit card issuer, eWallet provider etc. may add additional fees for transactions.
There are various deposit methods for online casinos available. You can use credit cards, debit cards, e-wallets, gift cards, cryptocurrencies, and more.
The most common online casino payment methods in Canada are debit and credit cards and eWallets. You will also find a lot of online casinos now support deposits and withdrawals via cryptocurrencies like Bitcoin, Litecoin, and Ethereum.
Cryptocurrency and eWallets are the best casino payment methods if you are looking for fast withdrawals. They also usually offer lower minimum withdrawal limits and higher maximum limits making them great for all budgets.
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.
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