Most Popular Online Casino Payment Methods for Canadians
Canada is a country where partaking in online gambling is legal, which is why one can find numerous online casinos on the Internet.
Sometimes, the problem isn’t in finding the right online casino – the problem lies in choosing the right payment method. The good news is that, nowadays, there are many payment options available, and they include everything from crypto exchange to tried and tested options, such as credit cards.
We’ve taken a look at the most popular online casino payment methods for Canadians, bringing you a guide that will allow you to effortlessly put money in and out of your casino account.
The five most popular online casino payment methods for Canadians
There’s a chance that you already have an account in your favorite online casino in Canada, where you have been using one of the following payment methods.
But if you are just about to create your first account and are still trying to decide which form of payment will be the right one for you, we’ve prepared five of the most popular options. If one doesn’t work, don’t hesitate to experiment with another one.
Credit/debit cards
We have to begin with what seems as the most conventional form of payment in Canada’s online casinos. And research supports this statement, as it shows that 90% of people in North America have either a debit or a credit card.
This means that there’s a significant pool of consumers who could be funding their love for gambling through the use of these cards.
Of course, Visa and MasterCard seem to be the two most widespread card companies, but Canada’s online casinos accept many other companies.
Therefore, if you are using a debit card in Canada, you might want to think about using it to transfer some funds into your casino account. Choose the right casino, and you could get a promotion in the form of bonuses or free spins.
PayPal
PayPal might just become your best pal when it comes to making online payments and purchases. There are many benefits to this online payment system, and the fact that you can send and receive money with your security intact is just one of them.
Lately, many online casinos in Canada have realized how much potential PayPal has, which is why they have added it to their list of accepted payment methods.
Users love this online payment system because of how quick and simple it is to make a deposit – or withdraw your funds.
Considering the fact that there are many Canadian casinos that accept PayPal, you shouldn’t have any trouble finding the one that will offer the best selection of games and slots.
Skrill
This online payment system is very similar to PayPal, as they are both digital wallets that are among the most popular online casino payment methods in Canada.
Skrill works in a simple and straightforward way. First off, you have to fund your e-wallet via wire transfer, card payment, or by using some other platform.
You can then fund your online casino account at rather affordable fees that won’t have you facing a financial loss if you are constantly depositing and withdrawing money.
Besides, Skrill has a great fraud detection system in place, which is how you can be sure that your transaction is going to be secure. When it comes to security, it’s also useful to mention that you won’t have to provide your bank account details to the casino, so you can breathe a sigh of relief there, as well.
Cryptocurrency
Crypto might not be the most conventional form of payment, but it’s quickly becoming one of the most used ones. A huge number of individuals are investing in different cryptocurrencies, as we all know that crypto could very well be the wave of the future.
Nowadays, there’s a rising number of casinos that understand why crypto should be among their offered methods of payment. And if you are wondering why that is so, allow us to elaborate.
Fast payout times, guarded and safe personal details, and an incredibly easy withdrawal method are the three main reasons why many players are choosing to play with crypto. And with the incredible evolution of cryptocurrencies, where new ones are being added by the minute almost, online casinos have it clear that they need to keep up the pace.
If crypto is one of the most popular online casino payment methods for Canadians today, we can only imagine how far the evolution of this digital currency will come in the years and decades that are ahead.
eChecks
Regular checks are a very popular method of payment in Canada, and it’s gladly used by thousands of Canadians on a daily basis. But while that might be so, paying with regular checks isn’t something that’s viable when it comes to online casinos.
There’s nothing to worry about, though, as you have what we consider to be an even better solution – eChecks.
They perform the same function as regular checks, with only one exception – they entail fewer complications. You don’t have to go to your bank in order to deposit a check, so you are saving a lot of your time.
With strong security and lowering processing fees, we can see why this is one of the most popular payment methods for online casinos in Canada.
However, we do have to mention one very small drawback to eChecks – the fact that the processing time can sometimes be very long. It might take more than five business days for the money to hit your account, and not every gambler can be so patient as to wait a week before they can access their favorite games.
The bottom line
With gambling being an activity in Canada that is legal, it’s only natural that the players will have many payment options available. If you are one of the many people who are thinking about creating an account that will allow them to access all of their favorite games, you first need to decide what form of payment to choose.
Now that you have a selection of the most popular online casino payment methods in Canada in front of you, we don’t think you should have a problem making the right decision.
