Most Popular Canadian Casino Payment methods and their Withdrawal times
From simple slots like fruit machines to advanced multi-reel video slots that deliver impressive game features and bonus rounds, online casinos are very attractive to Canadian players and players around the world. Newly registered clients can make their minimum deposit and collect generous welcome bonuses and free spins, while returning players can indulge in big bonuses, rewarding VIP/Loyalty Programmes, tournaments, Drops & Wins competitions, and fun-filled online gaming. Our featured online casino brands also offer top-tiered Live Dealer Casino games like Lightning Roulette, Monopoly live and Deal or No Deal, and classic table games like Poker and Roulette.
When choosing a banking method to deposit and withdraw your funds at CA$ Casinos, choose an easy, free of fees and speedy service. But with so much choice out there, players are left confused. In our article, we will take you through the top payment providers for Canadian players.
Most Popular Canadian Casino Payment method Interac
Developed for Canadians, Interac is a very reliable banking provider that has been around for more than three decades. Interac allows Canadian players to remain anonymous when funding their casino account. Founded in 1984, Interac is a household name for most online gamblers based in Canada. Interac allows users to transfer money between their online bank account and online casinos anonymously, without the need to share banking or financial data with anyone else.
Interac works very similarly to debit cards because it only allows you to transfer as much money as you have in your account. This is why you’ll often see Interac used interchangeably with Interac Debit. While withdrawals aren’t always possible using an Interac e-transfer, players can withdraw to an Interac card or another payment processor like e-Wallets PayPal, Skrill, and wire transfer.
In 2018, Interac handled more than 6.6 billion transactions, and today, millions of casino players use Interac because of its lightning-fast transactions and top security protocols. One advantage of using Interac is that it is tied directly to your bank or credit account. This means many online casinos will accept your deposit with Interac and even let you withdraw back to it. Interac is also known to be anti-fraud with multiple layers of security to ensure complete protection.
Instadebit is the second most popular Canadian Casino Payment method
The most popular payment provider for Canadians is InstaDebit, a real-time transfer payment method that can be accessed from your desktop, tablet, or mobile casino. Created especially for Canadians, InstaDebit is based in Toronto, and if you already have a savings or checking account with a Canadian bank, then InstaDebit allows for seamless deposits and withdrawals.
The most significant advantage of using InstaDebit at online casinos for Canadians is that it’s an authentic Canadian dollar payment service that new players can also use to claim a welcome bonus. With InstaDebit, confidentiality and security are guaranteed, and your personal and banking information remains private and anonymous at all times.
At InstaDebit casinos, players have a platform that can be used to make online payments directly from their bank account to their casino account. As it’s available in over 30 countries, you will find this payment provider at most online casinos that cater to Canadian players.
Interac offers an extensive list of benefits, starting with safe and secure transactions through top security and a 128-bit encryption key to protect your personal and financial information.
Interac allows for instant deposits and withdrawals. Canadian online gamblers can deposit cash into their account without the need to supply their banking details. The times range from instant withdrawals to withdrawals that are processed between 2 to 5 days.
Creating an InstaDebit account is easy to do and, best of all, is free of charge. From when you start the registration process, once authorized, you will be able to make unlimited deposits and withdrawals without incurring huge fees when you use Interac to deposit and collect bonuses.
Paysafecard are Canada’s favourite prepaid Voucher
PaySafeCard is one of the most popular ways to fund your casino account at our featured minimum deposit casinos, as it allows for smaller payments while still retaining its many security and safety features. PaySafeCard is the ideal payment option for players that prefer anonymity. Through a 16-digit PIN that needs to be inputted at the cashier, PaySafeCard is air-tight and entirely safe for use. The voucher is loaded in denominations of CA$5, CA$10, CA$25, CA$50, and CA$100, and after depositing, what remains on your PaySafeCard voucher can be used on your next gaming session.
Depositing with PaySafeCard is the simplest thing to do. Simply select it at the cashier, enter your deposit amount, and your payment is made. Players can purchase their PaySafeCard vouchers online or at over 650,000 sales outlets worldwide, including supermarkets, newsagents, and newspaper kiosks. PaySafeCard casinos will not charge you any fees for deposits; however, there is a 2% fee when you change your currency to a different currency than the one in which the pin was obtained.
Much Better is Much Better for Canadians
MuchBetter is a modern payment app that is widely used in Canadian online casinos and at online casinos all over the world. Although the company is based in the UK, Canadian gamers have made it their own as it allows for fast, safe, and easy transactions at online casinos.
When it comes to security measures, MuchBetter shines! The security enhancements involve barometrically enhanced verification, and as a member of the Electronic Money Association (EMA), you can be sure of safety and anti-fraudulent activities. For Canadian online gamblers, MuchBetter offers the chance to register at a top-quality online casino, collect bonuses and free spins. All your information is conveniently and safely stored in one place, allowing you to make fast deposits without sharing your personal information with more people.
Fund your casino account with MuchBetter and benefit from the multiple awards that this company has achieved, including EGR Innovation in payment solutions 2020, SBC Mobile payment solution of the year 2019, and EGR Services rising star 2018.
How to Deposit and Withdraw
Playing online casino games is made possible by various payment providers like PaySafeCard, ecoVoucher, Neteller, and Bitcoin. Players can also deposit with popular credit and debit cards VISA, Mastercard and Maestro, and other geographically specific payment providers.
To make your deposits and withdraw your funds at an online casino, after registering and verifying your new account, head over to the cashier or banking pages and select your payment provider from the available options. If you are playing with a bonus for withdrawals, please ensure that you have met your wagering requirements, or your withdrawal will be delayed.
Also, please ensure that you are verified and that you have uploaded the required supporting documentation to confirm your identity. This is a mandatory step in the registration process as ordained by the casino’s license. The process is called Know Your Customers (KYC), and it’s obligatory as it proves that you are legally allowed to play slots and table games online, as required by law.
Comparison of these payment methods and their withdrawal times
Interac, Instadebit, PaySafeCard, and MuchBetter are four exceptional payment methods Canadians can use to make their minimum deposit today, but how do they match up?
|Min Dep For Bonus||CA$10||CA$5||CA$1||CA$10|
|Max Cashback||Depends on bonus||Depends on bonus||Depends on bonus||Depends on bonus|
|Total Free Spins||As many as is offered by the online casino||As many as is offered by the online casino||As many as is offered by the online casino||As many as is offered by the online casino|
|Wagering Free Spins||Depends on casino||Depends on casino||Depends on casino||Depends on casino|
|Games for Free Spins||Top slots like Book of Dead||Top slots like Starburst||Top slots like MegaMoolah||Top slots like Bitcoin Pop|
|Free Spins Claiming Process||Opt-in at cashier||Opt-in at cashier||Opt-in at cashier||Opt-in at cashier|
|Withdrawal Times||1 to 3 days||1 to 3 days||1 to 2 days||1 to 3 days|