Whether you’re a casino player or a sports bettor, you have to place a bet before you can start winning real money. This is why you need to have an account with a reliable payment provider that will be accepted by offshore gambling platforms. We have compiled a list of the top 5 proven payment methods you can use for deposits and withdrawals. Check them out, choose the one that suits you better, and use it for online gambling. We also give you a list of top casino sites for each payment provider.
Skrill is a secure e-wallet acquired by Paysafe Group. It has a reward system for active users of Skrill. So if you are going to use it pretty often for casino games, you will be able to level up and open benefits. The more you use Skrill, the higher you go through tiers and the better your conditions for using the service.
Thus, when you start using Skrill, you have all standard functions and you are able to earn Knect loyalty points. But as you go further, you get a reduced fee for transactions, referral bonuses, additional loyalty points, and other benefits of three VIP levels (Silver, Gold, Diamond).
Skrill can be used for casino deposits and withdrawals. However, be aware that some casinos won’t give you a bonus if you use Skrill to receive a deposit bonus. Read the bonus terms carefully to make sure. Here are the best Skrill casinos in Canada:
InstaDebit is an online payment provider for those who want to make deposits directly from your bank account and receive withdrawals back on it. It’s a debit card that is accepted by most online casinos, unlike traditional bank cards. However, it implies some fees for transactions, but they don’t cost much.
You will like InstaDebit for its fast and easy withdrawal process, friendly customer support service, and, of course, safety measures. The best InstaDebit online casinos are:
Visa and MasterCard debit cards
Both Visa and MasterCard are secure and widely used payment providers across the globe. A lot of Canadian casinos accept them for deposits and withdrawals. It’s the easiest payment method for most players because they know how to use it.
However, some players prefer alternative payment providers because they don’t want to reveal their bank card details to online casinos. Another reason to choose a different option is that bank card withdrawals usually take 3 to 5 banking days to reach your account.
If this is not a problem for you, there can be one obstacle to using a bank card at online casinos. Some Canadian banks do not support online gambling and refuse debit card transactions. Make sure that your bank card is released by the Bank of Montreal (BMO) or the Canadian Imperial Bank of Commerce (CIBC) if you want to have successful gambling transactions.
Almost all online casinos in Canada accept bank cards, but here’s a small list of the best ones:
Nowadays, crypto casinos are very popular. Most of them accept fiat currency though so that players had more options to deposit. But cryptocurrency wallets are widely used in Canada. Besides, casino sites accept not only bitcoin but other major cryptocurrencies too. These include litecoin, dogecoin, tether, ethereum, ripple, and others.
Crypto as a payment method allows players to make fast and easy transactions. Crypto casinos do not require account verification in most cases. So you can play and withdraw money without providing documents. Check the best online casino no documents required.
The best crypto casinos are:
MuchBetter is another e-wallet service that’s becoming more and more popular among Canadian players. It’s a secure payment provider chosen by gamblers for its fast transfer speed and low fees.
MuchBetter is available only as a mobile app. So you will have to download it to use it. It can also be used to transfer cryptocurrencies from your digital wallet to an online casino if you think it’s best for you.
Besides, you may dislike this method for deposit and withdrawal limits, if it’s the case for you. Check the best MuchBetter online casinos:
As an alternative to MuchBetter, you can use EcoPayz. It’s another secure e-wallet that is pretty similar to MuchBetter. If you want to learn the differences between these two, check our post in the gambling blog where we describe both payment providers.
Which one is your favorite?
The five best payment methods we mentioned here are available for deposits and withdrawals. All of them have their unique features, pros, and cons. For example, if you want to play games without verification, you can use cryptocurrencies or e-wallet services. But if you don’t know how to use anything but your Visa bank card, why not choose it?
Before you get an account with any payment provider, make sure to learn all ins and outs of using it. Some have extra fees, while others are available only if you use a supported bank. A choice of payment method is a very individual thing, so do not ignore the step of selecting the best one for you.
Besides, we highly recommend using one payment method and one account for deposits and withdrawals. Online casinos appreciate it when players stick to one payment provider as it raises trust in customers. So if you don’t want to experience troubles or additional steps before you can withdraw, use one payment method for everything you do on a casino site.
If you don’t wish to pay transaction fees, choose bank card payment methods, Visa or MasterCard. As a rule, they don’t charge players for casino deposits and withdrawals. However, you must make sure that your bank supports online gambling.
When you create an account with a digital wallet, you send your ID for verification. Usually, it’s a photo of your passport or driver’s license and a selfie of you with the document. Later, when you play on a casino site, you don’t have to pass this procedure again because you already did it.
Well, you can do it if your deposit method doesn’t accept withdrawals. For example, if you use Neosurf or PinPurchase, you will have to use a different provider for withdrawals. But if you use a bank card or an e-wallet, for example, your online casino may not allow you to do so due to security reasons.