In Canada, online casino games and sport betting are just as popular as anywhere else in the world. Since gambling is legal in Canada, punters are free to place their bets without any restrictions.
About 75% of the Canadian population has played a game of chance sometime in their life, and with such a big market, Canadian gamblers need safe and reliable payment options. Tune in to find out some of the favourite online payment options Canadian gamblers use, and why.
This method of payment is the fastest growing in the Canadian gaming market. It allows players to have safe and easy transactions without requiring them to provide any sensitive credit card information. E-wallets are quickly becoming even more popular than credit cards for online gambling, as many people find them more convenient and easier to use.
Among the most prominent brands is Apple pay you can find it at most apple pay casinos as it is one of the most popular payment methods used. These online casino sites allow you to play your favourite casino games such as poker, or slots while paying with your preferred method. Apart from Apple pay, other popular options are:
- MiFinity casino
- Google pay
Your casino account can be linked to your E-wallet, which can make processing payments a piece of cake, although the processing times can be longer.
Due to their widespread popularity and use, many Canadian online casinos accept credit card payment systems. More than 150 countries accept these two options, which are acclaimed for their safety and security. You will not be charged any costs while depositing or withdrawing funds unless the casino charges you for moving your funds.
The credit card transaction process is swift and confidential, so you can be assured that your personal information is secure. One downside of credit card payments is that some Canadian casinos do not accept them for withdrawals. Generally, in the online gambling industry, Visa and MasterCard are the two most popular options.
Wire Transfer and Instant Banking
Even though wire transfers and instant banking are fairly old-fashioned ways to complete a transaction, virtually every Canadian casino still offers them as viable payment methods. These means of payment require a little more effort and have longer wait times, but they are extremely secure. Here are some of the options available at Canadian gambling platforms:
- Interac Online
- Trustly Group
Cryptocurrencies are currently gaining popularity due to their quick processing times and high level of security. Due to the fact that digital money is only just becoming a global payment method, many gambling sites are following suit and now accept cryptocurrencies as a regular form of payment. In a nutshell, cryptocurrencies or crypto coins are a new type of money.
These transactions are instant, confidential, and do not demand additional fees, making them more appealing to gamblers. Since their inception in 2009, cryptocurrencies have gone a long way and are now commonplace in modern online casinos. Bitcoin, Ethereum, Ripple, Litecoin, and other cryptos have been widely adopted.
This type of payment is very common among Canadian gamblers. Moreover, this payment system is used by many people who do not have access to a credit card or an e-wallet. Prepaid cards are available in a range of values and can be purchased in a variety of retail outlets.
Each of these cards has a unique pin or serial number that is entered into the banking module. Here are a few:
- PaySafe card
- Vanilla Prepaid
- Astro Pay
The legalization of the Canadian betting industry in 2009 resulted in an increase in not only the number of operators but also the number of payment methods. Additionally, 2021 was a huge milestone for the Canadian online casino industry, as they launched a legal iGaming market. With this rollout, more payment systems were introduced. With a lot of options to choose from, gambling fans can sometimes feel overwhelmed. It’s important that you always check which payment options your casino accepts and that you gamble safely.