The main fear of a gambler is the dishonesty of online gaming portals. The safety of the funds won is the key to a successful pastime on the official website with entertainment. Players choose popular and convenient ways for financial transactions.
Our experts, led by Alexey Ivanov, have prepared a detailed review of online casino payment method for players from Canada. We have analyzed the most popular electronic payment systems in the context of a gaming club and presented the main aspects of each of them. The algorithm of actions when replenishing or withdrawing winnings does not differ radically on different entertainment platforms, so let’s dwell on the list of financial instruments that they offer for transactions.
All payment methods in online casino
Virtual entertainment portals offer a wide range of payment systems for depositing and withdrawing funds. Unlike real casinos, electronic platforms do not allow you to deposit money in cash, but they provide more than 10 financial instruments: bank cards, electronic wallets, mobile services, and even cryptocurrency resources.
Casino payments in Canadian dollars are the most popular. It is more profitable to play on CAD in the country: the amount for conversion is not deducted from the deposit made. However, in some cases it is more profitable to play for US dollars or euros if the licensed portal is international.
Typically, mobile online casinos offer the same list of payment methods as the main web portals. Sometimes the downloaded client presents a reduced list of tools: there is no electronic wallet or some kind of EPS. For example, an Android or iOS application does not have the ability to replenish the balance through prepaid cards or cryptocurrency wallets.
Credit cards for deposits and withdrawals
Unlike debit cards, credit cards give more chances. It is always possible to borrow from the bank and continue playing for real money or take advantage of a profitable promotion at any time.
There are no problems with withdrawing money or depositing funds in honest safe web casinos. Credit cards guarantee fast transactions without the risk of losing funds. However, keep in mind that you will have to pay a considerable percentage of the transfer amount for a credit card transfer: both the credit institution and the entertainment portal keep the commission. In addition, do not forget that the money borrowed will have to be repaid: do not take risks if you are not sure that you can return the funds in case of a loss.
Popular casino payment systems in Canada: debit and credit cards Visa , Mastercard , Maestro, American Express and others. The cards are issued and serviced by banks in Canada or partner territories.
Master card
The payment system offers credit and debit cards from issuing banks. The well-known EPS conducts international transactions in euros: if you play in a foreign virtual casino for Canadian dollars, get ready to pay a double conversion. To replenish the account, you need to specify the card details, which is not always safe. It will also not be possible to conceal expenses or incomes in the entertainment portal from the tax or family.
Credit and debit cards for account replenishment are offered by Golden Star, Evospin, King Billy, Lucky Nugget, Hell Spin and other well-known brands. When playing with a minimum deposit, debit cards usually do not charge a commission, however, the bank itself can charge a certain amount.
VISA
These cards are popular among Canadians. Unlike MasterCard, “Visa” assumes mutual settlements in US dollars. Banks offer credit, debit and prepaid cards with enhanced security systems. Payments in Canadian online casinos with good returns are instant. The commission for transactions does not exceed 3% of the amount.
Many Internet clubs offer to replenish the account through Visa: Lucky Nugget, Hell Spin, Golden Star and others. For each transaction, you must specify the card details. Please note: some banks prohibit the use of borrowed funds in online gambling establishments.
Electronic wallets for payment in Canadian casinos
These are special online resources or applications that provide access to a separate account. Financial instruments have certain nuances when replenishing. Some online casino deposit methods allow for almost anonymous payments, requiring only an email address or phone number.
Some e-wallets offer customers loyalty programs: the more transfers made through the account, the more favorable the terms of service for the user. For example, the commission for transactions is reduced or the limit on amounts is increased.
Skrill
Skrill is a popular payment system for casinos. Allows you to open an account in 40 currencies, including CAD. Registration takes place via e-mail, during transactions you need to specify an e-mail address. Without verification, the wallet does not provide the full range of services, and the amount of transfers does not exceed 10,000 CAD.
Skrill provides 3 levels of loyalty, the last – VIP – guarantees instant transfers without commission. At the initial level, up to 2.5% is withheld for each operation.
In a normal online casino without cheating, there will be no problems with withdrawing money: Skrill provides two-way transactions. Lucky Nugget, Hell Spin, Kosmonaut, Kaiser Slots, Spin casino support this method.
Neteller
EPS has the same principle of operation as Skrill: to activate transfers, you need to provide an email address. Transactions are instant, winnings are credited in about 4-6 hours.
Unlike its counterpart, Neteller has 6 loyalty levels, and a commission of 1.45% of the amount is provided only for the initial account. Neteller and Skrill e-wallets are almost always paired in online clubs, so the first one can be found in Hell Spin, Lucky Nugget, Spin Casino and others.
PayPal
This e-wallet from the USA is quite in demand in Canada. When replenishing the balance in the online casino, you must specify an email address. For transactions, you will have to pay 1.9% of the amount plus 0.35 euros. If you play in a foreign online club, get ready to pay a commission of 2%.
Reliable paypal casinos : Golden Star, Evospin, King Billy, Lucky Nugget and more. Please note: an e-wallet does not always allow replenishment of an account with a bonus. Usually the system does not participate in promotions.
Crypto wallets
Transactions in e-currency have increased. Bitcoin and altcoins provide all the needs of Internet users. This payment system for gambling is number one when complete anonymity is required. Transactions in a decentralized crypt are not tracked, the name of the owner and recipient are encrypted.
On the Casino Zeus website, you can find information about cryptocurrency in the casino and its use for gambling.
Security of financial transactions in Canadian casinos
Legal virtual entertainment portals cooperate exclusively with trusted electronic payment systems. Payment methods at CA casino are selected as carefully as possible in many ways: comfort, speed and security of transactions, anonymity, payment limits.
The analyzed examples fully comply with international safety standards. Most of the presented electronic services use the SSL data encryption system for transfers. Electronic wallets offer a two-factor security system: to confirm the operation, you need to enter not only your login, but also a one-time code from SMS.
Deposits and withdrawals are sometimes free of charge when it comes to debit cards. However, before making a transfer, check the conditions of your bank. If you use e-wallet or similar services, learn how to lower fees or increase limits.
When choosing casino payment methods, consider your individual characteristics. If you are very prone to gambling, take care of the safety of funds: prepaid cards and vouchers are suitable for you, since you will not be able to spend more than their limit. Remember: gambling brings not only joy and money, but also losses if you approach the game recklessly.