Online Deposit Options in Canada

While there are many online deposit options in Canada, they don’t all offer the high degree of security and speed that players want. When it comes to online casino banking, it is important to find a deposit method that is easy to use, fully secure, and with fast processing times. Before signing up, make sure you understand how each system works, as well as the pros and cons involved.

Bank Transfers

Before web-wallets and cryptocurrency, bank transfers were the only way to top up your online casino account. Today, this online casino deposit option is still used where you can transfer funds directly from your bank into your real money player account. While safe, this method can be slow and costly. However, it is more commonly used for withdrawals even though it may take up to 5 days to process.

Credit Cards

Credit card payments are accepted at just about all online gambling establishments in Canada, and overseas. Visa, MasterCard and Amex are the most commonly accepted options. Since the arrival of 3D card security topping up with a credit card is fast, easy and secure. You can even use your credit card to cash out your winnings. The only downside is that withdrawals tend to take some time to process.

Debit Cards

Debit cards have become one of the more popular online casino deposit options. This is because they offer all the functionality of a credit card, without having to have a credit account. Most sites accept Maestro, Visa Debit and Visa Electron cards. Payments can be made instantly with a high degree of security. The downside is that not all online casinos process debit card withdrawals, although this is starting to change. Debit card withdrawals also tend to take a long time.

Instant Banking

Instant banking is a faster, easier way to fund your online casino account using your own Internet banking service. This type of service is provided by an external company that links to your bank account. For a small fee, the instant banking service will transfer funds without any delays and without exposing your banking details. Some instant banking systems can even process withdrawals.

Web Wallets

Web wallets like Skrill, Neteller and PayPal are some of the safest online deposit options in Canada. A web-wallet system requires signing up with a third-party payment provider and funding your e-wallet. You can then use your web-wallet to instantly load funds so you can play for real money, or pay for goods and services at thousands of online merchants. The great thing about this option is that you can withdraw your funds instantly, as there is no financial institution to slow down the process.

Prepaid Cards

If you are looking for the safest way to play for real money, prepaid cards are the answer. These are cards or vouchers that you can top up using cash, bank transfer or card payment. The prepaid voucher or card can then be used to transact instantly, without you having to expose your details to anyone. If you buy vouchers in-store, you don’t even need a bank account. You can remain anonymous and still play online. The only downside is that you cannot use the system for withdrawals.

Cryptocurrency

Cryptocurrency payments are becoming increasingly popular as online deposit options in Canada. While not every Turkish gaming site accepts this digital currency, some sites accept Bitcoin, Bitcoin cash Litecoin or Dogecoin for instant and secure deposits. Since the system uses blockchain technology, the transaction is 100% secure and processed instantly. You can top up your account from your wallet and even make withdrawals in real time. Some sites even give you bigger bonuses for using cryptocurrency as they don’t incur any fees.