Online gambling has an extensive history in Canada. It fell into a grey area in the past, but things have been looking up recently, with different states taking initiative to regulate the market and give casino enthusiasts a much safer environment to explore. Of course, a regulated market is just one aspect of the online gambling experience.
Easy access through top-tier payment methods can count for a lot in this space, and Canadian gamblers are lucky enough to have countless excellent options at their beck and call! With the Canadian gambling market growing rapidly, many local and international payment services available in the region have made their way into online casinos everywhere. Some of them fair better than others when this particular niche is in the picture, which is why today, we’ll explore the top online casino payment methods among Canadian players.
Most Canadians are familiar with Interac. This national payment network was launched in 1984 in Canada, serving local users for over three decades! The payment method is a classic money transfer service that closely collaborates with over 200 regional banks. As you can imagine, this makes it a formidable force in the country, and one of the most popular payment services used by Canadians. One of the biggest reasons for its success is its offer. The solution doesn’t just stick to a single service. It offers direct transfers, online banking, and mobile banking.
In its time on the market, Interac has proven to be a trustworthy, reliable, and safe payment option in various fields. It includes top-tier bank security, quick processing times, and impressive reach, despite operating locally. Surprisingly enough, the method’s reach extends to some of the farthest corners of the online gambling space. It’s a supported option in more than 600 online casinos, allowing players to choose from a long list of venues with fun offers. It’s also worth noting that it doesn’t incur fees, a trait that’s rare to find these days.
Neosurf is a French payment solution that debuted in 2004. The eVoucher quickly grew to become an international success, soon reaching Canada, where it thrives to this day! This payment solution is a convenient and fee-free way to transact online and in person, allowing users to retain their anonymity and keep safety to a maximum. As you can probably imagine, this is one of the biggest reasons the service is such a success for online gambling. Users can load it with funds whenever they feel like it through the app and top up their gambling budget instantly.
Neosurf doesn’t just offer an eVoucher service. If players aren’t too bothered to walk to a nearby mart, they can pick up a traditional prepaid voucher from the service at various price points. You’ll also receive a code alongside it as a form of authentication when transacting. You’re likely already aware of the cons of using this service. Mainly, there’s no way to withdraw through it. Since it’s a prepaid option, there’s no way to make this process work.
VISA is one of the most recognizable brands of our time, so it’s no surprise to see it on this list. Canadian players love using their VISA credit and debit cards for online casino transfers. Moreover, they’re not limited by the recent credit card ban for online gambling that’s been circulating in some parts of Europe. Seeing the pros of using this classic payment method in online casinos doesn’t take much. The service is reliable, safe, convenient, and as widespread as can be.
VISA is accepted in nearly every online casino you can think of, so you have a near-endless stream of options to explore! It’s often one of the few payment methods that are viable for bonuses and special promotions. We’ve talked about the positives of this service up to this point, but now it’s time to look at the negatives. Unfortunately, the solution can feel a bit outdated compared to modern options. This is especially apparent when withdrawal processing times come into play, as they can take a couple of days to go through.
MasterCard is another bank card brand that garners mass international appeal. The service is available in nearly all parts of the world, including Canada, where it’s a fan favorite payment method for many online gambling enthusiasts. Convenience and accessibility play a big role in this method’s popularity in online casinos. Since most Canadians already have a debit or credit card from the company, they don’t have to bother with setting up accounts for new payment solutions that might be viable options.
Of course, this isn’t the only reason for its success. The service is regarded as one of the most trustworthy brands available, so it’s easy to get behind its security, ease of use, and availability in the gambling world. Choosing a casino is easy when nearly every one of them supports your preferred payment option! Despite its many perks, MasterCard does have a downside. Bank cards have slower withdrawal times than modern payment solutions. They usually take several days, which can be a bummer if you’re in a hurry to cash out your winnings.
iDebit is another Canadian payment service with plenty to boast about. The solution is used frequently for all kinds of transfers, including deposits and withdrawals in online casinos! At the moment, there are two different services connected to this payment method. The first is an online transfer service that serves as an intermediary between the user’s bank account and the service provider or retailer on the other end. Its only requirement is a valid bank account with one of the local supported banks, so it’s a convenient way to transact online if you don’t have a bank card.
The second iDebit option users can utilize is its eWallet service. As you can imagine, this service comes with all the perks of a classic eWallet. It grants heightened anonymity, speedy transfers, and a convenient online banking platform that’s easy to use. While based in Canada, this service is available in a few other countries too. Unfortunately, it’s not too well-established in the online gambling space. It’s available in a few excellent online casinos, but players are limited to this handful of options.
Canada seems to push out many top-tier payment solutions, and InstaDebit is another testament to that. This bank-to-bank transfer service is a simple solution with far-reaching utility. It’s easily one of the most convenient picks around, as you don’t need anything more than a valid bank account to start using it. There are several reasons for this method’s popularity among Canadian online gamblers, but its speed and security take the cake!
Let’s start with speed. The service can be categorized as an instant transfer service when most transactions are in question. It allows instant deposits and withdrawals, with very few exceptions here and there. On the security front, it’s not hard to see why users are impressed. Since the service works through a traditional banking system, it uses your chosen provider’s high-end bank security to keep things in check. Of course, the small fees attached to this service help its ranking. Sure, it would be better if there were no fees at all, but these charges are small enough to go almost unnoticed.
Many people are still sceptical about the use of cryptocurrency for online shopping and payments, but much of the online gambling world has accepted it wholeheartedly. This is apparent by the number of Canadian casino fans who use Bitcoin as their primary deposit option! Of course, we can’t say that we blame them. Canadian users seem to be taking full advantage of the speed, anonymity, and convenience that comes with this token, and making the most of it through transfers when gaming online.
One of the best things about using cryptocurrencies like Bitcoin in the online gambling world is access to premium content. Since several venues exclusively take crypto as payment, the games and bonuses they offer are unique experiences only these users can enjoy. Unfortunately, there’s always a risk to using Bitcoin, for any purpose, stemming from its volatile nature. The token’s price fluctuates often, so losing out on a lot of value is always possible. Be aware of this risk before you think about using this method.
Neteller is one of the top dogs in the eWallet category. The service has been around since 1999, and in that time, it’s reached over 200 countries, becoming a leader in the banking sector. This solution has a reputation for being adaptable to everything time throws at it, keeping up with even the most modern of releases without breaking a sweat. If you’re wondering what gives this service an edge, the answer is simple. It fosters quick transactions, it offers heightened anonymity, and it utilizes a platform that’s easy to use!
Since Neteller is a big name in the payment methods sector, it’s a supported option in most online casinos. What’s more, it’s often the target of special bonuses that can give you an extra boost when registering with a new online casino. Still, despite its many perks, the service does have a con that might sour your overall experience – it comes with frequent fees.
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