Looking To Gamble online? There are a few important things to know before spending money at a casino.
Once you’ve settled on a shortlist of operators you’re considering using, you need to find out if your preferred payment method(s) are available.

Being able to fund your account safely and securely gives you peace of mind that you are dealing with an operator you can trust.
To save you time and effort, We compiled a handy guide that assesses the different methods and how they work.

PAYMENT METHOD FEATURES

Most online casino players have a preferred payment method. Here is a look at the advantages and disadvantages of some of the most popular options in Canada.

Credit/Debit Cards

Card payments are still one of the most popular ways to fund your online gambling. Most online casinos accept cards such as Visa and Mastercard to make deposits and withdrawals.
When you join an online casino you can add the details of a card registered in your name to your account. This will then be saved and you can use it each time you wish to process a transaction.

Reputable operators use SSL technology to keep your personal details safe. Making a deposit is generally processed instantly, but withdrawals take slightly longer.
Some operators implement fees to process card payments, although this is rare. There can also be minimum and maximum deposit and withdrawal limits, but these are always set at workable levels.

Electronic Wallets

An e-Wallet is an electronic purse which allows you to make online payments by using an email attached to your account without divulging your personal details.

PayPal, Instadebit and iDebit are amongst the most popular options in Canada, and numerous leading operators encourage players to use this method to fund their accounts because it is fast, secure and easy to use.

An e-Wallet acts as a buffer between your bank and your casino account, giving players an additional level of security. Money is sent from your bank account to your electronic wallet, and can then be used to fund your online purchases.

In an era where it can be difficult to determine whether an online casino is legitimate, e-Wallets provide players with an additional level of security when they are using gambling websites.

Cryptocurrencies

Cyptocurrencies are virtual or digital currencies designed to work as a medium of exchange. They use cryptography to verify and secure transactions and control the creation of new units of a particular cryptocurrency.

One of the best known cryptocurrencies is Bitcoin. It is completely decentralised, meaning there are no servers involved and no central controlling authority.

Bitcoin is a quick and efficient way to fund your casino account. The transactions are safe because a gambling operator will only have the player’s transaction code, eliminating the possibility of identity theft.

It is usually faster to process withdrawals by Bitcoin than many of the other traditional payment methods – a huge plus for casino players.

How to Make Deposits at Online Casinos in Canada

Before you can play at an online casino you’ll need to fund your account. The process can vary between operators, but it will usually follow this format:

  • Log into your account using the ‘Login’ button on the top right hand side of the home page.
  • Click on ‘My Account’ and a number of options will appear. Click on ‘Deposit’.
  • This page will ask for the amount you’d like to deposit and your chosen payment method. Once you’ve filled in the relevant boxes, click the deposit button to complete the transaction.

Most deposits are processed immediately, meaning you don’t have to wait to play your favourite online casino games.

How to Make Withdrawals at Online Casinos in Canada

You’ve secured some winnings at an online casino and it’s time to collect your cash. Here’s how you make a withdrawal:

  • Log into your account using the ‘Login’ button on the top right hand side of the home page.
  • Click on ‘My Account’ and a number of options will appear. Click on ‘Withdraw’.
  • Fill in the box to declare how much money you want to withdraw. Once you’ve completed this, add your preferred payment method and confirm your withdrawal.

Withdrawal times can vary between different operators, but usually take an average of 2-5 working days to reach your chosen payment method.