Last updated: Oct 21, 2024
To Canadians, online gambling is one of the most popular ways to pass time. Due to the popularity of online gambling, there are endless ways to wager and win. There are many online casinos to choose from. The same goes for payment methods within the world of online gambling. With the help of the most trusted casino payment method, you can safely and securely enjoy playing for real money. The best payment methods are known to provide you with:
An overview of transactions and access to your account always
Payment options that can be used on both desktops and mobile devices
Extra encryption software to add another layer of protection
An easy way to quickly add funds and support withdrawals
The Most Popular Payment Methods among Canadian Players
Visa and Mastercard are the most popular payment options. They let you make fast deposits and secure withdrawals, though some casinos might charge fees, and withdrawals can take a few days.
E-wallets like PayPal, Neteller, and Skrill are also common choices. They offer instant deposits, quick withdrawals, and usually have low fees.
Cryptocurrencies such as Bitcoin are becoming more popular. They provide fast and secure transactions, but their value can change quickly.
Let's take a closer look at each payment method in the sections below.
PayPal
PayPal is one of the most well-known and respected payment providers in the world. As a Canadian player, you can create a PayPal account and then transfer funds to the casino account in a matter of minutes. You’ll be able to make withdrawals in Canadian Dollars. And... There are no fees incurred.
Neteller
Neteller offers a unique VIP system where you can earn rewards when achieving different levels. It also offers instant deposits and fast withdrawals. So, if you prefer to use an e-wallet, Neteller is a top choice in Canada
Skrill
Skrill has become one of the most trusted online payment options. It offers a four-tier VIP program and you’ll be able to make free and instant deposits to your favourite online casino. Previously, Skrill was referred to as Moneybookers.
Paysafecard
Paysafecard is a well-known casino payment method that’s available in Canada. This payment method is a prepaid option. You must buy a card at a retail location and then redeem the voucher at an online casino to make an instant payment.
Ecopayz
EcoPayz enables you to make fast deposits and withdrawals. This is an e-wallet service that can be used in Canada. You simply load the account using another payment option, then make an instant deposit at your favourite online casino.
Zimpler
Zimpler is known to be one of the most trusted casino payment methods for those who play on mobile devices. Zimpler is a pay-by-phone option where you link your payments to your mobile phone account to conduct instant deposits. It provides a straightforward and secure way to manage mobile casino accounts.
Boku
With Boku, you’ll be able to deposit money into your casino account. Then, your deposited amount will be added to your monthly phone bill. With this option, deposit limits are in place and are relatively low, usually around CA$30.
Deposit by Phone Bill
Deposit by phone bill has become a rather popular casino payment method for online gamblers. With this, you deposit money using your mobile phone number. The amounts that you deposit into your online casino account will be added to your monthly phone bill or immediately deducted from your prepaid balance.
Choosing the Right Casino Payment Provider and Making the Deposit
If you want to learn a bit more about the different payment options available to you and find the one that is right for you, continue reading on. We’ve created a small three-step guide to show how you find the right casino with the best payment method for you.
Step 1: Browse our list. We’ve created a list of the best online casinos operating in Canada. Compare them on our site to find a site that has your preferred payment method. When choosing the right payment method for you, consider your personal preferences. Do you want to deposit money from your mobile phone? Or do you feel uncomfortable using e-wallets? Take all aspects of your personal preferences into consideration before choosing a preferred online casino payment method.
Step 2: Deposit money. After you’ve chosen a casino with your preferred payment method based on your personal preferences, open a casino account. Then, you must choose your banking options at the cashier. Make an instant deposit and start playing your favourite online casino games!
Step 3: Withdraw payouts. After winning, you can use a secure banking option to conduct fast casino payouts and receive your winnings.
It’s all rather simple, right? The most important thing is to sort out your preferences and choose the casino carefully based on those.
What Currency Can You Use at Online Casinos?
When you’re choosing your preferred casino payment method, you’ll want to consider the currencies that are accepted. Typically, the top methods that are used globally, also by Canadian players, will support a wide variety of currencies. It’s important that you, as a real money player, choose an option that supports your local currency. Below, you can see the three types of currency casinos that exist online in online casinos.
Single Currency Casinos
As the name suggests, at this type of casino, only one currency will be accepted. This is relatively common at online casinos that are licensed in certain jurisdictions or provinces. For example, a casino licensed by the Kahnawake Gaming Commission may only support the use of Canadian Dollars.
Multiple Currency Casinos
You’ll find that most of the online casinos listed on Casino Cupid’s website support multiple currencies. By doing so, online casinos allow players from many locations to easily conduct payments without having to convert or exchange their currencies.
Digital Currency Casinos
These casinos are becoming more and more popular as time goes on. They allow players to make a deposit using a digital currency such as Bitcoin or Litecoin. This casino payment method is becoming a top choice for real money players due to the instant deposits, no conversion fees, and complete anonymity.
How to Withdraw Your Winnings at Online Casinos
What’s the most exciting thing about playing at an online casino? Of course, it’s the possibility of winning real money! It’s very fun and enjoyable to play online casino games for free, but it becomes even more exciting when you can win real money. Enjoying the games and winning real money is the greatest combination of excitement! But… What do you do when you want to withdraw the money you’ve won playing at an online casino? If you’ve won money in an online casino game, such as poker, you need to use one of the supported online casino payment methods to collect those winnings! Each casino will provide you with a list of options that can be used for withdrawing.
To ensure that you can quickly receive your money, make sure to always complete the verification process right after you’ve created your casino account. This will allow you to make fast withdrawals once you begin to win. You’ll need to provide documents and proof of identity to a casino site before you can make your first withdrawal.
If you want the fastest possible transactions, Casino Cupid recommends the use of cryptocurrencies or e-wallets. Once your withdrawal request is approved, transactions using these methods will be completed faster than with other options.
Cryptocurrencies
Cryptocurrencies are one of the newest forms of casino payment methods. It provides players with the fastest processing time. You can set up a crypto wallet and when you withdraw from your casino account, your money will be sent to your wallet. Cryptos are one of the safest ways to withdraw your casino payouts.
E-Wallet Payouts
Choosing to use an e-wallet service, like Neteller or Skrill, as your payment method will offer a safe and easy way to withdraw casino funds. The withdrawal amount will be sent to your e-wallet account. The transaction will be conducted in 1 hour to 24 hours. With e-wallet payouts, you can choose between different currencies.
Credit and Debit Cards
With withdrawals conducted using a credit or debit card, there are no fees involved. But the transaction can take up to 5 days. Popular credit and debit cards being used include Visa, MasterCard, and Maestro.
Bank Transfers and Check Payments
If you don’t have access to any of the other methods above, you can also receive your casino winnings through a bank transfer or a physical check. It’s also a trusted way to withdraw your winnings. Almost every online casino will offer these two methods. They take the longest to complete transactions, but you’ll receive funds right into your bank account or through a paper check.