Casino Payment Methods For Canadians

It hardly seems possible that as little as six years ago, players based in Canada were not legally allowed to take part in online gambling activities. Of course, Canadian players still found a way to play their favourite casino games online, but it’s a lot easier today. During 2010, online Poker was legalized by the British Columbia Lottery Corporation and since then has been pushing to expand the collection of games British Columbia residents have access to. A few months later Quebec followed suit and made online poker games legal and Manitoba followed soon after.

This very fast expansion of the Canadian remote gambling sector brought with it a need to establish reliable casino payment methods. Although the accepted payment methods available to fund Canadian casino accounts varies from casino to casino, the most popular methods available at most casinos for Canadian players are Interac, iDebit and InstaDebit.

InstaDebit

Possibly the most popular payment provider for Canadians is InstaDebit. Created especially for Canadians, InstaDebit is based in Toronto and is partnered with many Canadian gaming operators. InstaDebit remains a preferred choice to fund casino accounts and withdraw winnings.

InstaDebit is not an e-wallet provider as many believe, but is instead a real-time transfer method for those who already have a savings or checking account with a Canadian bank. This payment system allows for seamless deposits and withdrawal alternatives.

Pros And Cons of Using InstaDebit

  • The biggest advantage to using InstaDebit for Canadian casino players is that it’s an authentic Canadian dollar oriented payment service. Its biggest advantage lies in the simplicity of InstaDebit transactions.
  • Although online casinos offer a large variety of payment options, InstaDebit provides gamblers with a simple method for making deposits and withdrawals at online casinos. Want to make deposits and withdrawals with InstaDebit? The process couldn’t be any simpler. Sign up for an account and link your bank account to InstaDebit. As soon as it’s authorized, players can benefit with easy deposits and unlimited withdrawals without any hefty fees.
  • Another advantage for using InstaDebit is that confidentiality and security are guaranteed. When you use InstaDebit, every bit of your personal banking information remains private and anonymous. This means that the casino won’t have access to your banking details, ensuring completely secure transactions.
  • Processing your casino payment with InstaDebit means lower costs and the only payment you’ll be charged is a small fee to charge your personal account, around $1.95. To withdraw your funds, the fees work out to around $2.00.
  • The biggest disadvantage of InstaDebit casino transfers is that you cannot transfer your online casino winnings directly to your bank account. Your winnings are first transferred to your InstaDebit balance account , and this could take a few days.

Deposits and Withdrawals

What makes InstaDebit so easy to use is that to get set up is the setup process, complete a simple registration form on the company’s website and you’re done. The next step is making your deposit at your preferred online casino. It’s easy and hassle-free. Go to the casino deposit page and select InstaDebit as your preferred payment method. Log into your InstaDebit account by entering your username and password into the pop-up window. Once you’re logged in, enter your deposit amount and confirm the payment details.

When you’re ready to withdraw your winnings, head off to the withdrawal page and select InstaDebit. Enter your username and password, select the amount you would like to withdraw and hit the withdrawal button. Your cash will be in your bank account within 24 hours!

Interac

Interac was founded back in 1984 and has been providing electronic money transfers since 1996. The company has almost 60,000 ATM’s spread across Canada and is one of the leading and most trusted payment brands in the country. The card is used by 16 million people daily and this proves that with fraud being one the biggest concerns for all credit and debit card users, Interac is completely safe to use. Interac not only has the lowest fraud rate in the world but the card uses a standard PIN-based system allowing for secure online payments.

Pros And Cons of Using Interac

  • The most important aspect of any casino online payment system is that it must be completely secure to use. As we’ve mentioned already, Interac has the lowest rates when it comes to fraud and embezzlement.
  • Interac easy to use and whether you’re making a deposit to fund your casino account or are withdrawing your winnings, Interac offers a complete solution for all Canadian online casino gamblers.
  • Although players will have to wait a couple of days for the withdrawal process to be completed, most online casino players are used to this.
  • The only disadvantage of using Interac is that it might not be supported by all online casinos. However if you choose to play at one of our recommended casinos, Interac will be listed as an options.

Deposits and Withdrawals

To make your real money deposit with Interac, head off to the cashier and select it from the drop down box. Follow the casino prompts and finally, enter the amount you wish to fund your account with.

For withdrawals, after a pending period of a couple of days, usually imposed by the casino, your funds will be in your account in a matter of hours. To use Interac, select it as your withdrawal method and proceed by following the casino prompts. The casino might charge you a fee for using this service but normally this fee is only around $1 to $1.50 per transfer.

iDebit

Canadians enjoy using iDebit for their online gambling as it’s one of the easiest ways to effortlessly make a real money deposit without running into problems. In the past Canadians have experienced setbacks when trying to make a casino deposit, mostly because Canadian banks fear that players from other countries might ignore their countries’ laws and gamble using a bank account abroad. Not wanting to cause problems with the authorities, Canadian banks toughened up their rules for real cash casino deposits. iDebit couldn’t have appeared at a better time! As the middle man between the banks and the casinos, making a deposit with iDebit is the perfect solution. Your bank sees that you made a transaction through iDebit, and there are no questions asked.

Pros And Cons of Using InstaDebit

  • Canadian players love using iDebit as deposits can be made very quickly. However as with most things, there are pros and cons to consider.
  • The advantages of using iDebit are many: With iDebit there are high security protocols implemented and all the player’s personal and financial details are encrypted.
  • Using this payment method to fund your account means that your deposits are instant and guaranteed by the company. There is no need to use your credit card and the fees are very low, possibly even the lowest in the industry.
  • The main disadvantage is that not many banks have partnered with iDebit and there’s a limited selection of online casinos that accept iDebit as a preferred payment method and withdrawal option.

Deposits and Withdrawals

To get started, you’ll need to sign up for a free iDebit account and once completed, you’ll be redirected to log into your online banking interface to approve the transaction. To be allowed to create an iDebit account, players have to have a bank account at the Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank, President’s Choice Financial, Royal Bank of Canada, Scotiabank or TD Canada Trust.

  • To fund your casino account, select iDebit from the banking interface drop down box and the amount you wish to begin with. Deposits will take only a few minutes to complete.
  • When you’re ready to withdraw your funds, it will take around 12 to 72 hours for your cash to become available and in your bank.
  • Fees for iDebit are some of the lowest available, usually around $1.50 – $2.

Other Ways To Fund Your Casino Account

Electronic Wallets – Skrill, Neteller and EcoPayz are the most popular eWallets available. If you’ve ever used PayPal, then you’ll know exactly how an eWallet works. When you use an eWallet service to make your deposits at an online casino, there’s no need to expose any of your bank account or credit or debit card information. Transactions are anonymous and you’ll never have to divulge any card details to the casino sites.

To make a deposit, log into your favourite casino and navigate to the My Account section, look for the Deposit option and select Skrill, Neteller or EcoPayz as your preferred method for deposits.

One thing to consider when deciding which wallet to use, is that many Canadian online casinos will not grant a Welcome Bonus for Skrill and Neteller. Always read the Terms and Conditions to find out what the limitations are for accepting any casino Welcome Bonus.

Credit & Debit Cards – If you’re the type of player that enjoys using credit or debit cards like Visa and MasterCard or Visa Electron and MasterCard Maestro, you can as most Canadian online casinos allow you to deposit and withdraw with credit and debit cards. One of the easiest ways to fund your casino account, debit and credit cards not only offer convenience but are also one of the easiest ways to top up your casino account.