Top 5 Most Popular Payment Methods in Canadian Online Casinos
The online casino space in Canada boasts hundreds of websites for gaming enthusiasts. When choosing one, payment methods are always essential to consider. That’s because if a site doesn’t have quality and efficient payment channels, it’ll result in an unfriendly experience for any player.
Payments are crucial since you’ll deposit to play real money games, and when you win, you’ll have to withdraw. You’ll probably find many options at online casinos in Canada, but it’s always ideal to go for the best. In that view, we’ve identified the top 5 most popular casino payment methods available for Canadian players. These options allow simple yet efficient transactions, and we’ve highlighted them below.
Interac
The first on this list is Interac, a payment method exclusive to Canada. You’ll find many Interac casino sites, including Casombie, Classic, Zodiac, Snatch, Playfina, Yukon, and Royal Panda. Besides being local to Canada, many players appreciate this option because it allows for fast and secure transactions.
Generally, online casinos that accept Interac support two gateways: Interac Online and Interac e-Transfer. With e-Transfer, you get a payment solution more like an eWallet. You’ll still use your bank, but the service supports sending funds using a recipient’s email or phone number. It’s widespread at Canadian online casino sites, as many operators feature it.
Interac Online is still straightforward, allowing you to make payments directly from your bank account. If your Canadian bank supports the method, you’re good to go, but many still need to. So, the e-Transfer option is best.
One of the advantages of using Interac for transactions at online casinos in Canada is that the payments are relatively fast. Deposits are usually instant, so you can begin playing immediately. For withdrawals, it depends on the casino’s policy, but receiving your money within 24 hours is possible.
eCheck
Nowadays, only a few people walk around with checkbooks. eChecks (or electronic checks) have become common, which is also reflected in the online casino industry. Besides the fact that they’re digital, eChecks work the same as regular checks. So, you should not have any issues when gambling in Canada with this payment method if you know how their traditional counterparts work.
The primary reason that eCheck is popular among Canada casino players is accessibility. Many banks in the country offer checking accounts to support the creation of eChecks. So, to use this payment option, you’ll need your bank app or online service.
One perk of this alternative is the swift transaction process. Unlike paper checks, you won’t need to take the document to the recipient’s bank and have it verified. Instead, your bank will send the check to the casino’s financial institution electronically.
Another reason eCheck ranks among the top Canadian payment options is because it’s highly secure. Rest assured that nothing will happen to your money since the transaction is within your bank’s tight network. In many ways, using eChecks is still similar to direct bank-to-bank transfers. So, note that withdrawing via this option may take some business days. Deposits take between some minutes and 24 hours.
Skrill
Regarding banking options in the online gambling industry, Skrill sits at the top of the ladder. Much of its popularity is thanks to the provider’s processing speed, which ensures transactions take seconds to a few minutes.
Skrill is a digital wallet and a middleman between your bank and casino accounts. So, if you want to pay the operator, you must first link your card or bank to the electronic wallet. Afterwards, funds transfer to and from becomes a breeze.
It’s worth noting that the option works for both deposits and withdrawals. Generally, pay-ins are instant; you’ll see your money within seconds after a successful transaction. Meanwhile, withdrawals take only 12 hours or less.
Besides speed and easy access, players opt for Skrill for online casino payments due to its high security. As you make transactions, you only provide your Skrill account details, not sensitive information like card numbers.
Skrill is often paired up with Neteller at online gambling sites. Paysafe owns both eWallets, and they’re similar in many ways. While Skrill is more popular than Neteller, the latter is a worthwhile alternative if the former is unavailable at an online casino.
Paysafecard
Another digital payment solution from the Paysafe Group, Paysafecard, has emerged as a reliable gateway. It’s not an electronic wallet like Skrill; instead, it’s a payment voucher. This means you must first purchase a voucher from an authorized vendor. You do this at a physical or online store, depending on which suits you best
Each voucher features a 16-digit PIN, which you’ll enter while depositing at an online casino. Generally, payments when funding your account with Paysafecard are instant.
Privacy and security are among the chief benefits of using Paysafecard at casino sites. Your PIN is all you need to conduct transactions, so there’s no room for entering personal finance details. That helps minimize the risk of unauthorized access or identity theft.
Furthermore, Paysafecard is pre-loaded, so it helps with responsible spending. You’ll only be able to pay the amount loaded onto the voucher. However, since it’s a prepaid option, it’s not famous for withdrawals at Canadian online casinos. Furthermore, it has lower deposit limits than other options.
Apple Pay and Google Pay
Mobile payment systems are becoming increasingly popular, and two options top the list – Apple Pay and Google Pay. Both are digital wallet solutions that facilitate fast transactions at Canadian online casinos. Their operations are similar, with slight differences in their founding company and supported devices.
You’ll need to link your credit or debit cards to their respective apps to use either of them. Then, all you need to approve payments is your fingerprint scan or Face ID. It’s like paying subscriptions at the Google Play Store or App Store.
The main difference is that Apple Pay is exclusive to iOS devices. Initially, Gpay was also limited to Android devices, but Google expanded its offerings to iOS users.
With these mobile payment gateways, the primary advantage is convenience. You’ll appreciate them the most if you play more using your smartphone. Furthermore, employing them for deposits is relatively fast and instant. However, many operators in Canada may not support both options for withdrawals.
Wrap up
The best Canadian operators don’t fall behind in offering the best for their customers. To that end, they provide a long list of deposit and withdrawal options. However, a few methods have become commonplace for gambling sites operating within the region. You have Interac, electronic checks, e-wallets, and mobile payment systems.
Among these options, Interac reigns supreme. The payment method is exclusive to Canada, meaning players in other regions can’t use it for transactions. As such, it comes with lightning-fast processing speeds, allowing you to deposit and withdraw quickly. Skrill and Paysafecard are two other leading options. Like Interac, their transactions are fast and secure, so you don’t have to worry about your money’s safety.
