Top 5 Most Popular Casino Payment Methods in Canada
Eachmethod has advantages and disadvantages, and keeping track of them canbe challenging for the average user.
So, we’re going to go over the five most popularcasino payment methods for Canadian residents and why you might wantto use them. By the time we’re done, you should know which is rightfor you!
1. Debit and Credit cards (Visa and Mastercard)
Card payments aren’tjust the most popular payment method in Canada but also worldwide.This is because card options like Visa and Mastercard areinternationally available, easy to use and offer hassle-free, securetransactions. When you log into an online casino, you can usually besure it’ll accept one.
If Mastercard is a payment method that appeals to you, checkour review of the best Mastercard Casinos in Canada atnewsdirect.com.
2. E-wallets (PayPal, Skrill, andNeteller)
Withthe rise of online shopping, we’ve seen e-wallets rise toprominence. As they’ve become more popular, Canadian casino playershave started using them for their deposits and withdrawals, thanks totheir convenience and security.
E-wallets are digital wallets that allow players tostore their banking information in one online space safely. When youmake a payment through an e-wallet, you don’t have to share anyfinancial information, making them incredibly safe.
3. Prepaid cards (Paysafecard andecoPayz)
Prepaidcards work a lot like gift cards because they allow you to spend alimited amount of money on the card. These are popular for peoplelooking to not overspend or who don’t want the casino to gain accessto their financial information.
Prepaid cards can be purchased online or at retailstores. While there are dedicated prepaid card services likePaysafecard and ecoPayz, other payment methods like Visa and PayPaloffer prepaid card options.
4. Bank transfers(Trustly and Boku)
Bank transfers, or direct or wire transfers, are payments madedirectly from your bank account to your online casino account. Thismethod cuts out the middleman and is resistant to fraud. As such,online casinos let you make much larger transactions, making itperfect for high rollers. However, it can be much slower than othermethods.
5. Pay by phone bill
Pay by phone is anunconventional but very convenient method of making casino deposits.With this method, players can make deposits and add the charge totheir phone bill to pay off later. This is particularly convenient ifyou play before a paycheck or need to delay your payment.
Additional tips for choosing acasino payment method:
Based on your style of play,take the maximum and minimum transaction limits of each method intoaccount
Compare transactionfees between online casinos to find the lowest
Use an online casino that employs encryptionsecurity across all transactions to ensure yoursecurity
Consult customerreviews for additional opinions and genuineinsight
The different pros andcons of each method will affect whether it’s right for you. Soassess what you’re looking for and determine which of these is bestfor you! Also, bear in mind that these payment methods aren’tuniversal. Some casinos won’t feature all five of these methods.Before you sign up with a casino, always check which payment methodsare accepted so you know you can make deposits and get playing.