It’s no secret that the online gambling business is booming in Canada, and the number of online casinos is growing by the day. However, not all Canadian online casinos are convenient for players in terms of payment options. Sure, many online casinos lure punters by offering them a chance to win free stuff, but what’s the point if you can’t withdraw your wins?
In this article, we will explore the most widely used payment methods in Canada for gambling. Many of these are primarily designed to help Canadians make their banking transactions easily and safely, so stick around to find out which one suits you the most.
As a payment method, Interac connects your bank account with the casino site where you’d like to deposit money, acting as an intermediary. With their strong security system, plus the banks’ measures for safety, it’s almost impossible for a hacker to gain access to your bank account, making this method safe.
Additionally, Interac is accepted by most Canadian gambling sites, and it is supported by the majority of Canadian banks. Thankfully, Interac charges minimal fees for both deposits and withdrawals, making it one of the cheapest ways to transact money.
Skrill is probably one of the most popular e-wallets of all time. It was founded in 2001, and it has been a convenient way to send money over the internet since then. In recent years, many online casinos have adopted it as a payment method, so it’s no secret that it’s among the most popular options.
Still, it’s safe to say that many punters are slowly flocking away from Skrill to cheaper options like Revolut and Interac. Although all Skrill transactions are near-instant, the fees can be exorbitant for many punters.
PayPal casino sites are gaining popularity in Canada, thanks to this e-wallet’s ease of use. In fact, almost every internet user is familiar with how PayPal works, so it’s not surprising that Canadians love it. Additionally, all transactions, whether they’re deposits or withdrawals, are encrypted and safe.
Another reason why PayPal is an excellent payment method is that it accepts most credit cards and often doesn’t demand personal info to complete a transaction. Similarly to Interac, PayPal can act as an intermediary between your casino and the bank, encrypting your transactions twice.
Although it’s a relatively new payment method, Revolut has taken the iGaming world by storm since its inception. Using Revolut is comparable to using any other credit/debit card. In addition to being a payment method, Revolut offers a variety of other services, including debit cards, insurance offerings, currency exchange, crypto trading, and more.
Despite being quite new, you can find many Revolut betting sites on Betpack and start using this payment method on your gambling adventures right away.
To sum it up, it’s safe to assume that the banking choices in Canada are quite diverse, so gamers have tons of alternatives to choose from. Still, only a few of the banking methods featured at casinos stand out from the rest. To ensure a safe experience with both deposits and withdrawals, consider sticking to reliable payment methods like Revolut and Interac.