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Online Casino Payment Methods

One of the biggest advantages of playing casino games online is being able to access your favourites for free at any time. However, if you want to stand a chance of winning big, then you are going to have to make a deposit into your account and play for real money! Banking can be tricky, and the key is to find the online casino payment methods that suit your wallet and your lifestyle. To give you a head start, we’ve outlined the most popular facilities in Canada, so you can make an online casino deposits with confidence.

Bank Transfers

Bank transfers and Internet banking are accepted at most sites and have been the standard payment methods for many years. The advantage of paying by bank transfer or Internet banking is that it is fully secure, and you don’t need to create a separate account. You can simply log on pay and wait for the funds to reflect. The downside is that transfers can take up to a few days to reflect.

Credit Cards

Credit cards are still the most widely used option for online casino deposits. If you have a credit card, all you need to do is whip out your card, type in your card number, name, expiry date and CVV, decide how much you want to pay and authorize the transaction. Payments are processed instantly, and you can use your credit facility if needs be. Credit cards can also be used for withdrawals directly into your card account. Popular credit card options include Visa, MasterCard, Amex and Diners Club.

Debit Cards

Debit cards are becoming more widely accepted in Canada, as well as overseas sites. They work in exactly the same way as credit cards, except the funds have to be available in your account first. With this payment mechanism, transactions are processed in real-time with no delay and some sites have started offering debit card withdrawals. Popular debit card facilities include Visa Electron, Maestro and Visa Debit.

Web-wallets

If you are looking for the most secure way to fund your account, web-wallets are the answer. They are one of the fastest growing online casino payment methods since they provide full anonymity, instant deposits and instant withdrawals. Web-wallets require players to sign up for a web account and transfer funds in before a payment can be made. Some web-wallet facilities offer a prepaid debit card, which you can use on the net, or in store. Popular web-wallet options include Skrill, Neteller and PayPal.

Instant Banking

Instant banking services provide players with the ability to make instant deposits using their own Internet banking. Acting as a kind of third-party provider, they process the funds on your behalf and charge a small fee. Most of these services do not require any signup as long as your financial institution is linked to the system. Popular systems include Sofort, Trustly, and WebMoney.

Prepaid Cards

Prepaid cards offer a secure way to make online casino deposits in much the same way as credit card, except that they are not linked to any financial intuition. Depending on the system used, you can either buy vouchers in store or link a prepaid card to a web-wallet account. You can then transact at hundreds of merchants. The downside is most prepaid cards are for depositing only. Popular options include POLi, Skrill, EcoPayz and Neteller prepaid card.

Cryptocurrency

While not all casinos accept cryptocurrency, Bitcoin transactions are certainly becoming more prevalent. The advantages of paying by Bitcoin are easy to see. Since cryptocurrency is not associated with any institution, there are no fees involved and the transfers are processed immediately without revealing your details or banking information. You can also use Bitcoin for instant, secure withdrawals.