Until 2009, citizens of Canada were not allowed to gamble online. The legalization of gambling created the need for reliable payment options. Now, users choose from a wide range of options, which guarantees convenience for everyone. Discover the best ways to make deposits on popular casino sites.
Best Deposit Methods
In recent years, online payment systems have evolved a lot. Reliable platforms protect users’ data with reliable encryption, and they implement multi-layered security defence. Here is an overview of the best funding options:
This is one of the most widespread methods around the world, as Visa cards are accepted in over 150 countries. Major banks in Canada provide debit, credit, and prepaid cards of this type. Most prepaid cards are reloadable and allow direct transfers from your debit account. Players are advised against using their credit cards, as they will be charged an interest, and it is much easier to go over budget.
MasterCard offers similar reliability and security. These cards are also internationally accepted and suitable for online and offline purchases. Credit, debit and prepaid cards are accepted. However, MasterCard does not allow gamblers to make withdrawals.
This method allows instant deposits and withdrawals. It is secure and comes with modest fees. The service is provided by only some of the banks: RBC, TD, Scotiabank, BMO, and a few credit unions. The Instadebit account is linked to your bank account.
It is a reloadable prepaid card for online and offline purchases. The key benefit is that you do not have to share sensitive information. In some locations, PaySafeCard is also available as an electronic voucher. No bank account is required — you just buy a card with a particular denomination (from $5 to $100). Deposits require just your username and password.
This system has been around long enough to be considered Canada’s official debit payment method. Interac Online lets gamblers make deposits using their bank or credit union accounts, while e-Transfer also allows withdrawals. There are over 250 partnering institutions, including BMO, RBC, and Scotiabank. This method is highly secure, and the fees are negligible.
This service is used in over 20 countries. Two options are available — direct online bank transfers and e-wallet account transfers. Thus, the system may act as an intermediary between the casino and your account, or process direct transfers. Withdrawals are also possible.
Each of those methods has its unique strengths. Whatever you choose, set a strict betting budget and stick to the limits. As most of the games are totally random, avoid the urge to chase your losses. Neither the size nor the number of wagers affects the outcomes.