Best Deposit Methods
The top Canadian casino sites have long lists of payment methods available for deposits and withdrawals. We’ve explained the benefits of each below.
Bank Cards
Deposit speed: Instant
Withdrawal speed: Slow, between 2-5 working days
Bank card payments are the most widely used method at Canadian online casinos. You won’t have any trouble with casino sites accepting payments from Visa or Mastercard, but users should be aware that bank card payments rank among the slowest for withdrawals, which can take as long as five working days.
ecoPayz
Deposit speed: Instant
Withdrawal speed: Fast, instant to 2 business days
ecoPayz is a leading e-wallet payment option at Canadian online casinos, offering state-of-the-art security, easy money management, great customer support, and fast payouts at casinos offering the feature. Setting up an account is free and easy, and you’ll be able to use EcoPayz at a huge range of merchants across industries. The only downside to consider is that EcoPayz charges fees on deposits to your EcoPayz wallet, with a 0-10% charge on bank wire deposits depending on your bank.
eCheck
Deposit speed: Instant
Withdrawal speed: N/A
eChecks require the same banking information as physical checks, and funds can be deposited instantly once you’ve verified your checking account with the online casino. However, users aren’t able to withdraw any cash into a checking account, so you will need to use eChecks in conjunction with another payment method.
Interac
Deposit speed: Fast, within 30 minutes
Withdrawal speed: Slow, usually 4-6 working days
With quick deposit speeds, Interac has become a widely-used payment method at Canadian online casinos. However, there are fees on deposits and withdrawals; charges will vary with each bank, but are typically around $1 on deposits and $4 on withdrawals. Interac is an intermediary between your bank and casino, masking your personal information from the casino and protecting your details from potential exposure during the transaction.
Wire Transfer
Deposit speed: Instant
Withdrawal speed: Slow, between 5-10 working days
Also known as bank transfers, wire transfers move funds directly from one bank account to another. As such, transactions require users to enter their bank information, just as you would if you were transferring money to a friend. Wire transfers are widely accepted at casino sites, but they generally have slow withdrawal speeds.
Prepaid Cards
Deposit speed: Instant
Withdrawal speed: N/A
If you’re looking for solid security and money management features, prepaid cards such as Paysafecard might be the option for you. Prepaid cards don’t involve any exchanges of personal data at the point of transaction, and offer low deposit limits; however, withdrawals aren’t possible with this method.
Apple Pay and Google Pay
Deposit speed: Instant
Withdrawal speed: N/A
Although not as common, you can also use Apple or Google Pay to make deposits at online casinos in Canada. These services function like e-wallets, linking your bank card of choice to your account and authorizing payments with a username or password. Unlike other e-wallets, you can’t withdraw casino winnings with these options.