Most Popular Online Casino Payment Methods for Canadians
Several North Americans partake in some form of online gambling or the other. For that reason, most online casinos offer several onsite features to cater to several gambling payment methods, from Skrill and Paysafecard to Revolut, to allow you to fund your accounts or obtain their winnings.
Which payment methods do Canadians prefer most, and why do they like them best? Our experts from LeafletCasino, who specialize in new online casinos, have thoroughly investigated all available alternatives and covered them in detail in this article. Everything you need to know about the most beloved and safest methods awaits you further!
Credit and Debit Cards
Estimates show that 90% of North Americans own a credit card, whether a Visa or a Mastercard option. This makes them very suitable for funding accounts at any of the best online casinos in Canada in 2022. Such casinos typically offer tons of promotional offers, from a 100% match bonus on the initial deposit to a wide range of games made available for you to play.
Visa and MasterCard
With these, you can fund your virtual wallet directly, based on whether you prefer to pay your issuer later or are comfortable using only the funds available in your bank account. Online platforms typically accept both. Some of the extra quirks of these cards are:
- Payments in Canadian Dollars? – Yes
- Allowed at virtual casinos? – Yes
- Fraud Detection Support? – Yes
- Withdrawals Support? – Available for Visas, not MasterCards.
American Express
AmEx, as it’s popularly known, is one other card-based popular payment method available for North American online casino players. Several gambling platforms in the country approve of this as one of the convenient casino deposit methods. The quirks are the same as with the other two popular card-based methods. However, you can fund your gameplay and also withdraw with this method.
E-Wallets
Electronic wallets provide a faster, easier, and more convenient way to pay for stuff online. That is why they have become the most popular payment methods among many. As they are an intermediary between a bank and the gambler, E-Wallets permit the funding of an online casino account without revealing any sensitive details.
There are not as many E-Wallets available for North Americans as you’d typically find with Europeans; however, famous alternatives like Skrill, Neteller, Google Pay, Webmoney, and EcoPayz are available.
Neteller
Neteller provides reliable ways to withdraw money or make deposits without needing your bank-issued credit/debit card with a million active users. The company’s Net+ card allows Canadian players to fund their gambling wallet as quickly as they need.
Neteller has been serving as a virtual gambling payments alternative since 2000.
- Transactions in Canadian Dollars? – Yes
- Supported at Canadian Online Casinos? – Yes
- How to Fund? – Through wire transfers or use your credit/debit card to fund your eWallet
- Fraud monitoring – Yes
- Transaction Charges – None
Skrill
Established in 2001, Skrill is among the foremost gambling payment opportunity. You can fund your Skrill wallet by wire transfer, paying with a card, or some other platform-specific payment features they offer. You could then decide to fund your virtual wallet with that or transform it into cryptocurrency.
If you like funding your gambling account without having to pay large transaction fees to intermediaries, consider checking out the top 9 online casinos in Canada at https://leafletcasino.com/casino-payment/skrill/ that accept Skrill as a payment method. What’s more, the minimum deposit at these casinos is C$10. That means you stand a shot at winning a lot of money by just funding your account with C$10. Here is a summary of the perks attached to paying with Skrill:
- Transactions in Canadian Dollars? – Yes
- Supported at Online Casinos? – Yes
- How to Fund? – Use your credit or debit card or bank.
- Fraud Detection? –Yes
- Transaction fees – None
PayPal
PayPal provides a seamless way of allowing individuals to transact online. Recently, several casinos have added PayPal to their list of alternatives. Customers who stick with the E-wallet enjoy improved processing times and benefit from the extra levels of protection the platform has put in place to safeguard their data and money.
Cryptocurrency
The best casino payment method to evolve in recent years remains cryptos. Gamblers benefit from fast payout times with cryptocurrencies and enjoy the added advantage of having their financial and personal details more securely guarded than other payment gateways for online casinos available. It’s a top-of-the-line withdrawal method solution for your winnings. However, most cryptos tend to be highly volatile, with their market caps typically varying over wide ranges within a short time.
As a result, many platforms tend to pass over them in favor of Fiat money. Casinos that accept cryptos extend their services to several of them, including Bitcoin, Ethereum, Ripple, Solana, and Litecoin. Considering that more cryptos keep being introduced now and then, it would be smart to keep up with the trends.
Bitcoin
According to Wikipedia, Bitcoin is a non-centralized digital currency that banks on Blockchain technology, specifically via the concept of distributed ledgers. It can be transferred on the peer-to-peer bitcoin network. It was invented in 2008 by an entity referred to as Satoshi Nakamoto. The currency began in 2009 when its implementation was released as open-source software.
Bitcoin Cash is a tremendously convenient way to facilitate funds transfer for all forms of digital endeavors ranging from funding casino wallets to paying for groceries. Its quick payment processing period makes it one of the great withdrawal methods in Canada and over the planet. Not only do Bitcoin wallets secure your personal information, but they’re also quite safe and easy to use for new online casino players.
Prepaid Card
As a player, if you fancy the idea of funding your casino wallet directly from your e-wallet, another suitable alternative to take would be to purchase prepaid cards from authorized merchants. In contrast to credit cards, you do not need to share your banking details with the retailer to get your account funded. That provides an extra layer of security to the sites making online casinos accept them as a preferred online payment method.
NeoSurf, Revolut, and Paysafecard tend to be the most common in Canada.
Conclusion
Canadian gamblers compose a major part of the gambling industry. It was clearly expected that legalizing the industry in 2009 would practically explode the capabilities of the service experts.
E-Wallets would be the most recommended deposit method if you had to choose just one payment option from this list. Not only would you enjoy faster payout times, but you also wouldn’t have to contend with the hefty transaction charges that are the Hallmark of other alternatives.
As it stands presently in that industry, you can select from a wide range of payment options to fund your accounts or make withdrawals in new casinos. It’s important, however, that you check beforehand whether the chosen mode of payment is available on the particular site.
