Popular Payment Options at Canadian Online Casinos

Online gambling is a popular pastime for most Canadian players. While certain players gamble strictly for fun and entertainment, a vast majority of players are more concerned about winning money. If you fall into this category, then you’ll need to choose the right payment method for all your deposits and withdrawals. Presently, there are diverse banking options to choose from. Some payment methods are known for their speed and reliability, while others offer complete safety of your funds and personal details.

To help you choose the perfect payment method for your gambling needs, our team of experts has curated a list of leading banking options. Right here on this page, you will find all you need to know about popular payment options in Canadian online casinos. We’ve gathered all the data about the most popular payment options for Canadian players for 2022. We reveal the minimum and maximum limits, processing times, and likelihood of fees for each payment provider.  

Safe Payment Options in Canadian Casinos 

When it comes to deposits and withdrawals, safety is one of the key factors to consider when choosing the best payment options in Canadian 

Online Casinos. Below, we've identified the safest banking options for players looking to make secure payments.

Bitcoin

Topping our list is the widely-known cryptocurrency, Bitcoin. Bitcoin is the most valuable virtual currency in the world today. Decentralized digital cash is accepted at many online casinos as a form of payment. Unlike other casino transactions, bitcoin deposits and withdrawals are processed at lightning-fast speed with low fees to worry about. When using Bitcoin as one of the payment options in Canadian online casinos, your entire banking details are made private. 

How to Deposit Using Bitcoin

One of the main perks of Bitcoin payments is its ease of use. Regardless of whether you’re a newbie to the crypto world, the entire payment process is straightforward. But before you can use Bitcoin to make payments, you will have to purchase the crypto and store it in your crypto wallet. Once you’ve made a purchase, you can transfer bitcoin to your casino account. To make your deposit, follow these simple steps: 

• Create an online account and head over to the cashier section of the website
• Choose Bitcoin as your deposit method and you will be provided with a unique web address for your account. 
• Login to your Bitcoin wallet and choose to transfer Bitcoin
• Enter the web address in the space provided and enter the amount you want to transfer 
• Confirm the transaction and your funds will be sent in a matter of minutes

How to Withdraw Using Bitcoin

Withdrawing Bitcoin from your casino account to your crypto wallet is an easy process that has been outlined in the steps below:

• Go to the casino cashier and choose Bitcoin as your preferred withdrawal method
• Enter the amount you would like to withdraw from your casino account
• Go to your crypto wallet and copy your wallet address. 
• Paste the wallet address in the casino and check to confirm
• Authenticate the withdrawal and your Bitcoin payment should be available in a few hours 

Deposit and Withdrawal Times 

Bitcoin deposits and withdrawals are processed very fast at online casinos. Deposits only take a few minutes to authenticate while withdrawals could take a few hours to process

Transaction Limit 

Transaction limits at casinos that accept Bitcoin vary. Some casinos allow you to fund your account with as low as 0.001 BTC with a maximum of 2BTC. Withdrawal limits could be higher from 0.01 BTC up to 5 BTC in a single transaction. 

Advantages 

• High-end security 
• Full anonymity of online transactions
• Deposits and withdrawals are quickly processed 

Disadvantages

• Mining fees 
• Bitcoin value is volatile 

iDebit

iDebit is one of the most effective payment options in Canadian Online Casinos. Established in 2003, the brand allows players to carry out transactions without credit cards or debit cards. All you need is an account with a bank that the payment provider supports. Fortunately, iDebit works with all leading Canadian banks including the likes of the Royal Bank of Canada and the Bank of Montreal.    

How to Deposit Using iDebit

Funding your account using iDebit is super easy. To make iDebit deposits, you don't need to create an account. You can fund your account as a guest. Follow the step-by-step instruction for using iDebit at online casinos

• Go to the cashier section of your online casino and choose to make a deposit
• Choose iDebit as your deposit option
• Enter the amount you would want to deposit 
• Choose to check out as a guest or log into your iDebit account
• Approve the payment. 

How to Withdraw using iDebit

Using iDebit for withdrawals is just as easy as making deposits. Here’s how to go about it:  

• Go to the cashier section of your online casino and choose to make a withdrawal
• Choose iDebit as your withdrawal option
• Enter the amount you would want to withdrawal
• Log into your iDebit account and approve the withdrawal.

Deposit and Withdrawal Times 

iDebit deposits are processed in a matter of seconds. However, withdrawals can take several banking days. Most casinos will process your withdrawals in 5 banking days.

Transaction Limits

iDebit deposits start at C$20 but can be as high as C$50 at some online casinos. You can deposit a max of C$10,000 or up to C$50,000 depending on the Canadian online casino. Withdrawals come with similar limits. 

Advantages 

• Deposits with iDebit are instant
• No credit/debit cards required 
• Mobile-friendly payment option 
• Widely supported by most Canadian banks

Disadvantages

• Fees are applicable to transactions
• Requires sharing your banking details

PayPal

PayPal is one of the leading electronic wallet services in the world. PayPal is also one of the most secure payment options in Canadian online casinos. Its advanced data encryption measures ensure that your details can't be stolen by third parties. In addition, the e-wallet will not share your banking information with the online casino.

How to Deposit using Paypal

Funding your account using PayPal is an easy process that takes a few minutes. Ensure that you have enough funds in your PayPal account before making the deposit. 

• Go to the cashier section of your casino account and choose PayPal as your deposit option
• Enter the deposit amount and ensure it is up to the minimum deposit amount accepted by the casino 
• Authenticate the transaction with your PayPal account
• The deposit should be processed immediately so you can start playing

How to Withdraw using Paypal

Withdrawal from PayPal follows the same exact process. To do so, follow the steps below

• Go to the cashier section of your casino account and choose PayPal as your withdrawal option
• Enter the amount you want to withdraw and ensure it is up to the minimum withdrawal amount accepted by the casino 
• Authenticate the transaction with your PayPal account
• The withdrawal will be processed in 24 - 48 hours.

Deposit and Withdrawal Times 

Deposit and withdrawal times using PayPal are insanely fast. Your deposits would be approved in a matter of seconds. With withdrawals, you would have to wait for about 24 - 48 hours to claim your funds.

Transaction Limits 

PayPal users can fund their casino account with as little as C$10. Withdrawals also come with the same C$10 limit at most online casinos. 

Advantages 

• Reputed as a safe and secure online e-wallet
• Speedy withdrawals at online casino
• Very common at online casinos 

Disadvantages

• Not eligible for some casino bonuses
• Fees are attached to some PayPal transactions

Skrill

Skrill formerly known as Moneybookers is a UK-based e-wallet that helps you manage online payments and store funds. Established in 2001, Skrill ranks as one of the most popular digital payment options in Canadian online casinos. With Skrill, casino players can be assured of their safety. The payment platform uses high-end encryption to protect users’ information and banking details.

How to Deposit Using Skrill

Making a Skrill deposit is simple and straightforward, whether you're banking on mobile or desktop. Follow the guide below to get started.

• Register an account with an online casino and head to the cashier section. 
• Click on the deposit option and choose Skrill for your deposit 
• Enter the amount you wish to deposit and confirm the deposit 
• Your funds will be processed and approved in a few seconds

How to Withdraw Using Skrill

Withdrawing your winnings to your Skrill account is also very simple just like other payment options in Canadian Online Casinos. Using the steps below, you can initiate Skrill withdrawals:  

• Head to the cashier section and choose Skrill as your withdrawal option
• Enter the amount you want to withdraw and confirm the withdrawal process

Deposit and Withdrawal Times 

Deposit and withdrawal times at Skrill casinos vary. Your deposits would be processed instantly at most online casinos. Withdrawals, on the other hand, might take up to 48 hours to clear. However, some online casinos require several banking days to handle the transaction.

Transaction Limits 

Transaction limits also vary. You should be able to fund your account with as little as C$10 or C$20. The max deposit value could be up to C$10,000 or C$50,000. Some online casinos opt for a lower max value of C$5,000. The deposit limits usually represent the withdrawal limits.

Advantages 

• No need to share banking details
• Fast deposits and withdrawals
• Available for mobile use

Disadvantages

• Some Skrill deposits are not eligible for casino bonuses
• Fees may apply to transactions

Instant bank transfer

Bank Transfers or wire transfers are one of the top payment options available. As the name implies, bank transfer involves transferring funds directly from your bank account to your online casino's bank account. Wire transfers are carried out directly between banks and rely on the security of the bank. Whether you're banking online or via your mobile device, you can trust the encryption protocols to keep your banking details safe and secure.

How to Deposit using Instant Bank Transfer

Funding your online casino account via bank transfer requires no prior knowledge. Follow the steps below to get it done:

• Login your casino account and navigate to the cashier section, then select “Deposit”
• Choose Bank Transfer as your payment option
• Enter the deposit amount you would like to transfer and provide the needed banking details. 
• Confirm the security check which could be an SMS code to authenticate the transaction
• Deposits via bank transfer are processed instantly in most cases. 

How to Withdraw using Instant Bank Transfer

Withdrawing via bank transfer is just as easy as funding your account. Follow the steps below to make your withdrawals:

• Go to the cashier section of your casino account and choose to withdraw
• Select wire transfer and choose the amount you want to withdraw
• Since you're withdrawing for the first time, you would have to provide your banking details
• Once confirmed, click to withdraw

Deposit and Withdrawal Times 

Payments via bank transfer take a long period of time to process. Your withdrawals can last up to 5 business days depending on the casino. Deposits, on the other hand, could take a while but most casinos will process them instantly or in a couple of hours.

Transaction Limit 

Wire transfers offer a wide limit range when compared with other payment options in Canadian Online Casinos. Deposits can be made from C$10 up to C$100,000 depending on the online casino. Withdrawals have a minimum limit of C$20 or up to C$50 and as much as C$100,000.

Advantages 

• Secure transactions
• Accepted at many Canadian casinos 
• One of the most reliable payment options in Canadian Online Casinos

Disadvantages

• Transaction fees apply 
• Very slow withdrawal process

ecoPayz

Founded in 2000, ecoPayz is one of the oldest e-wallets and payment options in Canadian online casinos. The payment provider works just like any e-wallet, allowing for deposits and withdrawals with the tap of a button. 

How to Deposit using ecoPayz

Funding your casino account using ecoPayz is a straightforward process. You will need to have an ecoPayz account and ensure that you have funds in the account before you can make the deposit. If you have that in order, follow these steps 

• Go to the cashier area of your online casino account and choose to deposit 
• Choose ecoPayz as your deposit option
• Follow the instructions and sign into your ecoPayz account to start the deposit process
• Your casino account will be funded immediately so you can start playing

How to Withdraw using ecoPayz

Making a withdrawal is just as easy as funding your casino account. Ensure you meet the minimum withdrawal limits before trying to claim your winnings. 

• Head over to the cashier and choose ecoPayz as your withdrawal option 
• Enter the amount you would like to withdraw
• Approve the withdrawal

Deposit and Withdrawal Times 

Deposits to your casino account using ecoPayz are usually processed instantly. Withdrawals tend to take a while. In most cases, it could take up to 48 hours to receive your funds in your ecoPayz account. 

Transaction Limit 

ecoPayz transaction limits are very reasonable. You can make a minimum deposit of C$10 and also withdraw a minimum of C$10. The maximum limits are set as high as C$5,000 or more. 

Advantages 

• Easy to use 
• Allows for transactions without revealing banking details
• Quick cashout processes

Disadvantages

• Not available at all Canadian online casinos
• Fees on transfers

Cryptocurrency

Cryptocurrency is a new way to transact at top online casinos. With crypto, you can enjoy full anonymity on your bank transactions as well as speedy deposits and withdrawals. Some of the supported crypto payment options include Bitcoin, Bitcoin Cash, Tron, Litecoin, Ethereum, Ripple, Dogecoin, Cardano, USD Coin Tether, and Das.   

How to Deposit using Cryptocurrency

Using crypto to fund your casino account is very simple. To use this payment option, you will have to purchase the preferred crypto and store it in your crypto wallet. From your crypto wallet, you can transfer crypto to your casino account. To make a deposit, follow these guidelines:

• Create an online account and head over to the cashier section of the website
• Choose your preferred crypto as your deposit method and you will be provided with a unique web address for your account. 
• Go to your crypto wallet and choose to transfer the crypto
• Enter the web address in the space provided and enter the amount you want to transfer 
• Confirm the transaction and your funds will be sent in a matter of minutes

How to Withdraw using Cryptocurrency

Withdrawing cryptocurrency from your casino account to your crypto wallet is just as straightforward as the deposit process. 

• Go to the casino cashier and choose your preferred crypto as your preferred withdrawal method
• Enter the amount you would like to withdraw from your casino account
• Go to your crypto wallet and copy your wallet address. 
• Paste the wallet address in the casino and check to confirm that it is correct
• Authenticate the withdrawal. Your Bitcoin should be available in a few hours 

Deposit and Withdrawal Times 

Crypto deposits and withdrawals are handled in a matter of minutes or as much as a few hours at online casinos. Deposits only take a few minutes to confirm while your withdrawals will require a few hours to process

Transaction Limit 

Transaction limits at crypto casinos vary. The deposit and withdrawal limit also depends on the currency. Some cryptos are most valuable than others (i.e. Bitcoin and Ethereum) so the limits will not be the same. 

Advantages 

• Crypto bonuses at online casinos 
• Full anonymity of online transactions
• Quick deposits and withdrawals

Disadvantages

• Mining fees on crypto transactions
• Crypto is volatile and unstable

Best payout RTP in online casinos

The best payout online casinos offer fantastic RTP values that boost your chances of making a profit with every bet. The best payout casinos have a payout percentage ranging from 95 - 98%. While most casinos offer better RTPs on their table games, you will also find juicy slots with impressive winning chances at real-money online casinos. Below, we've outlined some of the best payout brands.