Online Casino Payment Methods for Deposits & Withdrawals

Table of content

With the most trusted casino payment methods, you can safely and securely begin enjoying a real money experience online. This guide will discuss how you can make fast deposits and withdrawals at online casinos and what the best casino payment methods are.

Online gambling has become one of the top pastimes for those in Canada, and with many trusted sites operating, there are endless ways to wager and win.

To get started with the supported real money games, you need to make a secure deposit, and by choosing a reliable casino payment method, you will be able to conduct an instant deposit with no added fees! The best operating sites will have a long list of options that can be used, and all transactions are processed securely to ensure your protection. Find out more about payment methods for online gambling in this article.

Casinos with Safe Payment and Withdrawal Options

What is a Casino Payment Provider?

A casino payment provider is essentially a payment method available at an online gambling site. When you want to wager and win at a leading casino site, you will have to make use of supported casino payment providers. Depending on the site, the options available will vary, but Canadians will always find secure options for depositing and making payouts at fast withdrawal casinos.

There are many advantages to using the best casino payment methods, and you will find that licensed Canadian sites only support the most popular and trusted options online. With the best payment providers, you will enjoy:

Best Online Casino Payment Methods

You will find popular Canadian casino payment methods supported when you access a trusted and licensed casino operating in Canada. Many payment options are available nowadays, from traditional methods like credit cards to digital currencies like Bitcoin. The best thing is that you aren’t restricted to using just one method at an online casino; you can mix and match, depending on whether you’re making a deposit or a withdrawal.

To deposit at the best online casinos, take a closer look at the available payment methods in the sections below, and find out more about each one.

Credit and Debit Cards

You’ll find many different credit and debit cards available at online casinos, and these provide you with an easy way to make deposits and withdrawals.

American Express

Most casino sites in Canada accept AMEX deposits, and you can also withdraw funds using this card too. AMEX card holders can enjoy great rewards when they make payments online, such as travel points and shopping promotions.

Visa

Another great debit and credit card for making online payments is Visa. Since this is a widely accepted payment method, many online casinos accept all types of Visa cards, including prepaid cards.

Mastercard

A great alternative to Visa is Mastercard. The fees with this card are generally lower than Visa, which makes it a better option for most casino operators and players. Best of all, it is widely accepted at Canadian and international casinos.

E-wallets

Virtual wallets allow you to move money around online and make purchases and deposits at participating online merchants. You can also easily withdraw money from your casino account using e-wallet casino payments.

PayPal

PayPal is one of the most respected payment providers in the world. As a player from Canada, you can fund a PayPal account and then transfer funds to the casino account in a matter of minutes. There are no fees incurred, and you will also be able to make withdrawals in Canadian Dollars.

Neteller

If you prefer to use an e-wallet, Neteller is a top choice in Canada. It offers a unique VIP system where you can earn rewards when achieving the different levels. Neteller offers instant deposits and fast withdrawals and is supported at the best operating sites in the industry.

Skrill

Formerly referred to as Moneybookers, Skrill has become one of the most trusted payment options online. It offers a four-tier VIP program, and you will be able to make free and instant deposits to your favourite casino site.

Ecopayz

With EcoPayz, you can make fast deposits and withdrawals. This e-wallet service is available in Canada, and you simply fund the account using another payment option and then make an instant deposit at your favourite casino site.

Google Pay

With the Google Pay app, you can confirm payments via your Android phone and control your online casino banking using your phone. To use this payment method, you just need to add a valid credit or debit card to your virtual wallet.

Apple Pay

The Apple alternative to Google Pay is Apple Pay. Online casino players with iOS devices can use this payment option and make quick and easy payments without the need to enter any additional financial data.

MuchBetter

This mobile payments platform makes it easy for you to manage all of your casino transactions on your phone. You can confirm payments using the app on your smartphone and withdraw money into your MuchBetter wallet.

Bank Transfers

Aside from traditional wire transfers, there are many casino bank payment methods that allow you to send money directly from your bank account to your casino account without entering your bank details online.

Interac

With Interac, you can make payments at a casino from your bank account without entering any bank details. Interac acts as a third-party financial service, securely moving money between online merchants and your bank account.

Instadebit

A great alternative to a bank wire transfer is Instadebit. With this payment service, you can transfer funds directly from your bank to your online casino account via the Instadebit platform.

iDebit

With iDebit, you can make secure and private payments to the casino site directly from your bank account. Using this third-party service, you can sign into your bank to confirm transactions without entering private bank details at the casino.

Echeck

Echecks are becoming increasingly popular at online casinos. These virtual versions of physical checks allow players to deposit money from their checking account to their casino account using the Automated Clearing House.

Alternative Payment Methods

If none of the above options appeal to you, you can always choose to make a deposit with your phone or use a prepaid card.

Paysafecard

Paysafecard casino payments are made with a prepaid card. You can purchase a card at a retail location or online and can redeem the voucher at an online casino to make an instant payment.

Zimpler

Zimpler is one of the most trusted casino payment methods for those that play on a mobile device. This is a pay-by-phone option where you will link your payments to your mobile phone account to conduct instant deposits. Zimpler provides a simple and secure way to manage mobile casino accounts.

Pay by phone bill

Deposit by phone bill has become a popular casino payment option for gamblers. With this, you can deposit using your mobile phone number. Amounts will be added to your monthly phone bill or immediately deducted from your prepaid balance.

Boku

Boku is another pay-by-mobile method that can be used in Canada. You will be able to deposit to a casino account, and the deposit amount will be added to your monthly phone bill. With this option, deposit limits are in place and are relatively low, usually around $30.

Bitcoin

Another popular online payment method is Bitcoin (BTC). Many online gambling sites are now accepting transactions made with this cryptocurrency. It is a great option for gamblers who want to make fast and private transactions.

Revolut

With a Revolut payment account, you can make easier deposits and withdrawals at Canadian online casinos. You can also get a Revolut debit card if you want to make purchases offline.

Fees with Casino Online Payment Methods

Plenty of casino payment methods are available, so every player can find something that suits them. Here’s a close look at the fees, average withdrawal times, and minimum and maximum limits each payment method offers.

Payment method Fee Average withdrawal time Minimum & maximum transfer limits
Visa None 1-3 days $5-$20,000
Mastercard None 1-3 days $5-$20,000
AMEX None 1-3 days $5-$50,000
Apple Pay None Instant $5-$250
Google Pay None Instant $5-$250
PayPal None Instant $10-$10,000
Neteller None Instant $5-$50,000
Skrill None Instant $2-$1,000
Bitcoin None Instant No limits
MuchBetter None 0-3 days $5-$4,500
Instadebit $2 Up to 5 days $10-$100
Interac None Instant $0.01-$3,000
Paysafecard None Instant $5-$779
ecoPayz 1.69%-2.9% of transaction Instant $10-$2,000
iDebit $2 Instant $10-$3,000
Revolut None Instant $5-$2,000
Boku None Instant Up to $30

How we Assess the Best Online Casino Payment Methods

When we assess the various deposit methods in this guide, we consider a range of factors to ensure that players choose the best payment option for their needs. Some of the things we consider include the following:

Choosing the Right Payment Method at an Online Casino

Online casino customers will generally have various payment options to choose from for both deposits and withdrawals. So, what do you need to consider when deciding which method to use? Here’s a checklist we’ve put together to help you!

How do you Deposit Money at a Casino?

If you've never played at an online casino before, then check out our step-by-step guide on how to deposit money for online gambling. From setting up an account to entering information, everything you need to know is below!
Estimated time needed: 00:04 Tools needed: CasinoGrizzly's recommended casinos Supply needed: Money
Browse our casino list
Browse our casino list Check out some of the best casinos on the list at CasinoGrizzly to find a site supporting your preferred payment method. Create an account with the casino. Step 1
Deposit money
Deposit money With a new account, head to the cashier section. Select 'Deposit' and choose your payment method. Enter the amount you wish to add to the casino and all your relevant payment details, then confirm the deposit. Step 2
Withdraw payouts
Play games! With your newly funded account, you can claim bonuses and start gambling! Enjoy! Step 3

What Currency Can I Use when I Play at an Online Casino?

When you are choosing the best casino payment methods, consider the currencies that are accepted. Most of the top methods that Canadian players use are internationally used, so you can easily conduct your transactions in Canadian Dollars or use a different currency. As a real money player, you want to ensure your payment method and casino support your local currency.

Single Currency Casino

At this type of casino, only one currency will be accepted. This is common at sites that are licensed in certain jurisdictions. For example, a casino licensed by the Kahnawake Gaming Commission may only support the use of Canadian Dollars.

Multiple Currency Casino

You will find most of the sites listed at CasinoGrizzly to present casino options that support multiple currencies. This allows players from many locations to easily make payments without converting their currencies.

Digital Currency Casino

These casinos are becoming very popular and allow players to make a deposit using a digital currency such as Bitcoin or Litecoin. With no conversion fees, instant deposits, and complete anonymity, this casino payment method is becoming a top choice for real money players.

How Do I Withdraw Winnings from Online Casinos?

One of the exciting things about playing at an online casino is the ability to win real money. Each casino will have a list of options that can be used for withdrawing your winnings, but the process is similar for all of them:

  1. Go to the casino cashier.
  2. Make sure you’ve completed any bonus terms and conditions.
  3. Select ‘Withdraw’.
  4. Choose your withdrawal payment method.
  5. Enter your payment method details.
  6. Confirm the payout.

Cryptocurrencies

Crypto is one of the newest forms of a casino payment method, and it provides the fastest processing. You can set up a crypto wallet, and when you withdraw from your casino account, your money will be sent here. Cryptos are one of the safest ways to receive a casino payment.

E-Wallet Payouts

Using an e-wallet service like Neteller or Skrill casinos will offer a safe and easy way to remove casino funds. The withdrawal amount will be sent to your e-wallet account, and transactions will be conducted in 1 hour to 24 hours. You can also choose between different currencies.

Credit and Debit Cards

You may find some Canadian casinos allowing for withdrawals to be conducted using a credit or debit card. There are no fees involved with this, though the transaction may take up to 5 days. Popular cards being used include Visa, Maestro, and MasterCard.

Bank Transfers and Check Payments

If you do not have access to these other methods, one trusted way to receive your casino winnings is through a bank transfer or a physical check. Almost every operating site will offer these two methods. They take the longest to complete transactions, but you will receive funds in your bank account or via a paper check.

How to make fast withdrawals

Always complete the verification process right after creating a casino account to ensure you can quickly receive your money. This will allow you to make a fast withdrawal once you have won. You will have to provide documents and proof of identity to a casino site before you can make your first withdrawal.

Once you can withdraw, select one of the supported casino payment options. For the fastest transactions, CasinoGrizzly recommends the use of cryptocurrencies or e-wallets. Once a withdrawal request is approved, transactions using these methods will be completed faster than with other options.

Important Things to Know about Making Secured Casino Payments

Whether you’re making a deposit or withdrawal at an online casino site, there are a few things you need to know to ensure your transaction and financial details are safe.

Firstly, only make payments at licensed and secure online casinos. Check for a seal from a licensing body on the casino’s homepage and a padlock in the URL address bar. You can also check the casino’s terms and conditions to confirm whether or not it uses SSL encryption for all payments. Safe casino payment methods like Visa and Mastercard always use encryption to protect transactions.

You should also always use your own payment accounts and never transfer money using a card or bank account in someone else’s name. Similarly, you’ll need to provide real identity documents to the casino before withdrawing any money for casino account verification. Gambling sites do this to prevent fraud and money laundering.

If you have any issues receiving your withdrawals, you should be able to contact the casino support team directly. Most casinos offer live chat and email support so that you can resolve any transaction issues swiftly.

Best Online Betting Payment Methods

Not only can you play your favourite casino games at online casinos, but you can often make sports bets too with the same online casino account.

You may want to use different methods for online casino payments when sports betting. Since many casino operators allow players to make in-game bets, it’s vital that you use a method where you can make instant deposits and withdrawals.

With the above in mind, you should opt for credit and debit cards, e-wallets, prepaid card options, or cryptocurrency like Bitcoin. Avoid bank transfers since these can take a few days to show up in your account.

Browse Casino Payment Methods Today!

With some great options available, there are multiple ways for your to manage your real money casino account. With the best casino payment methods, you can enjoy fast and safe transactions and will be able to enjoy the best real money games in the industry! Check out our recommended options and deposit at one of the top online casinos in Canada.

FAQs: Casino Payment Methods

What payment method is the fastest?

When making a deposit, all transactions are processed instantly. The fastest payment option for withdrawing will be cryptocurrency. Crypto payments can be completed in under an hour.

What is important to have in mind when choosing a casino payment method?

When choosing online casino payment methods, always make sure you select a trusted and respected service. You will also want to ensure you can use your local currencies and that no additional fees are incurred when making payments.

Which payment method is the safest and most secure?

All supported payment methods at an online casino will be secure. Operating sites only use the most trusted and safe options in the industry. Your transactions will be completely safe if you use an e-wallet like Neteller or a Visa credit card.

How quickly can I cash out my winnings?

Always complete the verification process right after opening a new account to ensure you get your payouts as quickly as possible. This eliminates the waiting period when you make your initial withdrawal, allowing you to receive fast payments.

Are there any withdrawal limits at online casinos?

Yes. Each casino will have a minimum and maximum withdrawal amount. This will vary per site. Check these limits if you are a frequent player or enjoy placing high wagers. Most withdrawal limits are weekly or monthly.

Are there any deposit or withdrawal fees I have to be aware of?

When you choose a casino payment option, you will not be charged any additional fees by the casino. Your deposits and withdrawal will be free from any charges. However, your bank or credit card may impose fees when withdrawing.

What is a play now pay later casino Canada?

Some online casino sites let you make deposits over several instalments using payment methods like PayPal. This allows you to make a large deposit and pay it off later.

Do any casinos use PayPal?

Yes, several online casinos accept PayPal as a payment method. To find out whether or not you can make a PayPal deposit at your casino, go to the cashier and check the deposit options.

Do online casinos take debit cards?

Yes, most online casinos accept debit cards, including prepaid debit cards. Many large name card providers are accepted, including Visa and Mastercard.

Should I use an e-wallet or a credit card?

Credit cards are sometimes better to use since your payment is protected if anything goes wrong and you need to claim a refund. Moreover, transaction rates are usually lower with a credit card. However, e-wallets are great if you want a quick and easy deposit without entering your card details at the casino.

Does my location affect the casino payment methods I can use?

Yes, depending on where the casino operator is based and your location, your payment method options will change. For example, the prepaid card 'Prezzy' is unavailable at Canadian online casinos.

What is the best casino payment method for high rollers?

For high rollers, it's a good idea to use a fast payment method that offers high limits, such as a Visa or Mastercard credit card. You can usually make transactions up to $20,000 depending on your credit limit.

Can I get casino bonuses with all payment providers?

You can usually claim a bonus regardless of the payment method you use. However, some casinos offer special bonuses for players who deposit using a specific payment option.

Author John Volter

I'm a Canadian casino expert who writes about online casino reviews, slots games, bonuses and much more. I've been in the industry for over 10 years and knows everything there is to know about casinos. I'm a big fan of online s... Read more about the author

CasinoGrizzly » Online Casino Payment Methods for Deposits & Withdrawals
Last updated: November 30, 2022