Best Casino Payment Providers

Natasha Alessandrello

Updated by

Natasha Alessandrello

Editor

Lee James Gwilliam

Fact Checked by

Lee James Gwilliam

Senior Vice-President

Last Updated on 1st August 2023, 09:10 AM

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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.

Top Online Casinos With Fast Payout In Canada

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.

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Choosing The Right Payment Providers For Casino 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.

Most Popular Categories Of Online Casino Payment Types

The leading online casino payment methods fall into a series of broad categories – Pay By Phone, debit cards, e-wallets, prepaid cards, and direct bank transfers. We have broken down each category below, highlighting the leading payment providers within the various different groups. We have also detailed a range of slightly more niche payment methods that are increasingly starting to appear, from offline cash payments to crypto.

Pay By Phone Casinos

Mobile phones are now ubiquitous across Canada. Canadians spend hours glued to their devices each day, and online casinos have adopted by following a mobile-first strategy by creating top-notch mobile casino platforms. You can now enjoy thousands of video slot games, table games, and live dealer games in the palm of your hand. It is also possible to make quick, convenient mobile payments – either via a contactless provider like Apple Pay or paying for deposits via your phone bill at Pay By Phone casinos.

Apple Pay

You can use Apple Pay for contactless point-of-sale transactions via an iPhone, Apple Watch, iPad, or Mac. It works with any merchant that accepts contactless payments, but it can also be used at online casinos. You can visit a pay-by-phone casino, open the cashier section and choose Apple Pay as your deposit option at one of the Apple Pay casinos. Your Apple wallet will then appear on the screen, and you can use Touch ID to authorize the payment. It will be processed instantly, so you can immediately start playing your favourite casino games for real money.

Boku

Boku is one of the best pay-by-phone options for Canadian players that want to make quick, convenient deposits at the best Boku casinos. It is similar to Payforit in that it allows you to top up your account balance and add the cost to your next phone bill. This is really quick and convenient, but you should ensure you can cover the cost when your bill is due.

Credit And Debit Cards

Visa

Visa is the most popular payment method in Canada. The multinational payment provider has a secure data centre in London, and the company can process up to 30,000 simultaneous transactions per second. It is the most common casino payment option in Canada, as the country’s largest banks – HSBC, Lloyds, Barclays, Royal Bank of Scotland, Halifax and NatWest – all use it to provide their debit cards. It allows instant deposits, with broad transaction limits.

VISA Electron

This is very similar to a standard Visa debit card, but it does not allow accounts to be overdrawn. If you play at Visa Electron casinos, you must have the requisite funds in your account to complete your transactions. Visa Electron is not quite as widely accepted as a standard Visa debit card, but it is still available at most sites.

Mastercard

Mastercard casinos are rival casino sites to Visa casinos. They offers a very similar service, and it is also a major multinational company, but it is not as commonly used in Canada. 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 initially issued it, but HSBC and others moved to Visa more than a decade ago. Others switched from Maestro to a Mastercard debit card, so Maestro is rarely used in Canada, but it is still accepted as a payment method Maestro online casinos offer.

American Express

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

E-Wallets And Prepaid Cards

E-wallets provide casino players with the ability to fund their accounts in a quick, convenient, and secure fashion. You only need to provide the casino with your e-wallet address, which means you do not need to type in your 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 account to fund multiple casinos and monitor your overall bankroll in one place. However, you will not qualify for casino bonuses if you use certain e-wallets, so you might want to use a debit card or pay by phone for your initial deposit.

PayPal

The world’s most popular e-wallet is not widely accepted at Canadian casinos, so we have created a page that lists the best PayPal casinos. PayPal 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 commonly accepted online casino deposit methods. You can buy a Paysafecard at a variety of supermarkets, petrol stations, and newsagents in Canada. Then you simply enter the voucher code on the card to quickly fund your account.

Neteller

This is a very popular instant pay online casino payment option. Neteller is owned by Paysafe Group, along with Paysafecard and Skrill. While it may be accepted at some Canadian online casinos, you might be excluded from the bonus offer if you use Neteller as your payment option. If you want to know how to cash out casino bonuses, the first thing you need to consider is which payment method to use. A debit card is the best option for claiming a bonus.

Skrill

Skrill is another convenient, versatile e-wallet that allows you to make rapid deposits and withdrawals from a casino account. Just remember that you will be charged a fee to withdraw from Skrill online casinos to your bank account. At some Canadian casinos, you can't use Skrill to claim a welcome bonus, as the slightly anonymous nature of Skrill and Neteller means they have been used by individuals abusing bonus schemes in the past.

Payz

Payz is another e-wallet that allows you to make safe, secure, quick transactions to Payz casinos online. However, it can have higher fees than Skrill and Neteller, and the limits are sometimes different.

Bank Transfer

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

BankWire

A bank wire is an electronic message system that allows major banks to send funds to one another across a network of major, traditional financial institutions. If you are sending funds to Canadian casinos whose headquarters are overseas, you will need an international bank account number (IBAN) and possibly a SWIFT code too. Just remember that bank wires are best for larger transactions, and they often come with high minimum deposits.

WireTransfer

Payment providers like Rapid Transfer and Fast Bank Transfer work with thousands of banks worldwide to enable instant transfers from one account to another. Some of the best Canadian online casino sites offer 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.

Other Casino Payment Methods

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.

Depositing Money At Online Casinos

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.

Withdrawing Funds From Casino Sites

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.

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Safety Of Online Casino Payment Methods

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.

Payment Providers And Responsible Gambling

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.

How We Rate And Review Payment Providers On Casinos.com

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.

Meet The Author

13 Years
Experience
Natasha Alessandrello
Natasha Alessandrello
Editor Editor

Natasha Alessandrello is a Senior Editor in the Casinos.com content team. She began her career as a Features Writer for several weekly and monthly magazines, and has a decade’s worth of experience in writing, researching and editing casino content. She is interested in all equine sports, and enjoys blackjack and the occasional game of poker.

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FAQs

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