Alternative Payment Options
As convenient as pay by mobile services are, the best online casinos also have a number of other payment methods to choose from. Here are some of the most popular for Canadian players.
e-Wallets like ecoPayz and MuchBetter offer many advantages to players. For one thing, players can use the same e-wallet across multiple online casinos and never have to share their bank account details. What’s more, withdrawals through e-wallets tend to be swift, and some of the best online casinos even offer instant payouts this way. On the downside, e-wallet deposits may not always qualify for casino bonuses and promos.
Debit and credit cards often take the top spot on a casino cashier page for several reasons. Bank cards are safe and secure, allow players to make instant casino deposits, and they’re pretty much certain to be eligible for any welcome bonuses. That said, players will need to be comfortable sharing their card details online, and withdrawals can be on the slow side ‒ the timeframe for processing payouts through bank cards can be up to five working days at some sites.
Wire transfers are often the depositing method of choice for high rollers. This payment method allows players to deposit funds directly from their bank, which will mean exchanging personal account details – something some players don’t relish doing. There may be higher minimum transaction limits for wire transfers, and withdrawals can be even slower than using bank cards. However, minimum deposits can be considerably higher, hence the appeal for big spending players.
The Canadian payment network Interac lets players make deposits to and from bank accounts with ease. Users won’t need to input their bank details at casino sites, which is a big plus for many players, and there are a couple of popular Interac options. The most frequently available is Interac e-Transfer, which uses information provided by the casino to make payments through an online banking site.
A quicker alternative is Interac Online, where a payment gateway pops up on the casino site, inviting users to log into their bank account and make the transaction that way. Withdrawal times are often similar to those by bank card, and users should check with their bank to see if fees are charged.