Most preferred payment methods for gambling by Canadians
Instant banking methods are the most popular payment method for gambling in Canada. Interac is the number one company operating in the country for over 30 years. It has partnered up with over 250 banks to guarantee almost instant and low-fee transactions to InterAC e-Transfer casino sites. The system draws over 15 million active users per month and the total value of transactions made in 2019 was over $132.8 billion.
Visa and MasterCard are most popular payment methods for gambling in Canadian casinos. Mastercard does not support casino withdrawals.
Bank wire transfers are still used for gambling transactions. It may take several days to transfer money. Canadian banks are the most popular payment methods for Canadian gamblers.
The most popular prepaid card service providers in Canada are Revolut, Paysafecard, and Neosurf. Prepaid cards are preferred payment method for gambling by Canadians.
Most preferred payment methods for gambling by Canadians are e-wallets. The range of ewallet options in Canada is not as extensive as in Europe.
Bell Canada and TELUS Mobility support Boku pay by mobile. This option is usually used when you need to make a deposit quickly and for a low amount.
Most preferred payment method for gambling by Canadians is cryptocurrency. List of cryptocurrencies accepted by Canadian casinos includes Bitcoin, Ethereum, Litecoin, and Ripple. The number of cryptocurrency accepted is growing.
Canada is one of the countries with the biggest number of gamblers in the world. The legalization of gambling industry in 2009 resulted in growth of operators offering online casino and sports betting services. Most preferred payment methods for gambling by Canadians are bank transfer and cash withdrawal.