Payment options at CAD online casinos for Canadians
Many people around the world are gambling enthusiasts, and play casino games as a hobby. Canada is among the places with the highest concentration of gamblers, which makes it a highly competitive market. Gambling companies also promote their brands by sponsoring football teams, or other popular sports, in order to be more visible. Moreover, online casino sites often compete for the same user base by adding quality of life features, improving bonus offers, or expanding their game library.
One of the most important traits that users look for is payment methods. These are real money games, and having reliable ways to deposit and withdraw funds is paramount. Here we will talk about the secure and efficient payment methods available in Canada, and why users should play on sites that can accommodate these options.
Most Popular Payment Methods in Canadian Casinos
Canadian players have access to platforms that can accommodate all of the latest or most advanced payment systems. However, before you start looking at available money transfer methods you should definitely see if that operator accepts Canadian dollars. In other words, you should pick one of the online casinos with cad to save money on unnecessary currency conversion. It also indicates that the site is optimized for the Canadian audience, so you will be able to communicate with customer support in your native language.
The payment options you should look for are the following:
- Credit/Debit Cards
- Instant Banking
- Mobile Payments
Direct bank transfer is almost always going to be an option, but that is also one of the least efficient ways to handle transactions. Additionally, you need to make sure that all of the mentioned methods are available for both deposit and withdrawal.
Advantages of Using Modern Payments Systems
All of the options we mentioned in the previous section are extremely efficient when it comes to processing speed. This means you can create an account, fund it, and start playing within minutes. Given how most users play on $5 minimum deposit casino canada platforms, this is incredibly useful. You can transact without almost any additional fees, claim your free spins or other bonuses and start playing. Since our free time is limited, not having to wait for hours or days for the payment to go through helps us fully utilize that free time.
The most popular option is definitely instant banking, more specifically iDebit and Interac Online/Interac e-transfers. Both deposits and withdrawals are almost instant, the transfer fee is really low, and these operators are a safe choice. Furthermore, lots of Canadians already have one of these as their payments operator, so they don’t need to create an additional account.
Using Crypto for Funding the Account
Cryptocurrency is slowly becoming the preferred way for handling transactions. People are still reluctant to commit because their value is volatile, but as far as the payment network is concerned, blockchain is by far the best option. Both speed and security are unrivaled, and it’s also the cheapest way to send money, provided you don’t need to convert it into fiat currency.
Additionally, you can even play casino games anonymously, if you used crypto to make the payment. This means you don’t even have to create an account and share your personal information.
You are likely to come across the so-called instant payouts or fast withdrawal casinos. These are also operators that allow you to use all of the latest payment methods. The systems like instant banking and e-wallets, typically process payments really fast, however, withdrawal requests need to be approved by the casino staff first.
Users might claim different bonuses that come with wagering requirements, and until those wagering requirements are met, the payment cannot be released. Additionally, whenever you hit a jackpot, the casino might want to see there wasn’t any tampering with the game or algorithm before approving this big transfer. In other words, in order to have a fast transaction you need to use modern money transfer methods, and you need to have an efficient team that approves and releases payments.
To sum up you should always check the available payment options before creating an account. Gambling sites that allow you to use PayPal, Neteller, iDebit, Interac, Paysafecard, and Apple Pay, are all a solid choice. If you have a list of operators that can handle money transfers through these portals then you can focus on other features. Evaluate their bonuses, wagering requirements, games they offer, and also look for user reviews. By visiting user forums you can see if there were any negative experiences, how they were resolved, and whether any problems recently.
Photo by Matthew Kwong, Unsplash
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