Deposits methods at online live casinos are important feature as this is the mode with which you can fund your casino to play real money games and place your real bets. Canadian friendly online casinos offer the players to deposit and withdraw money in their own currency that is Canadian dollars CAD.
There are many deposit and withdrawal options to choose from at these online casinos and all the payment modes or online transactions are safe and secure as the online casinos use special encryption methods so that none of personal banking information can be stolen or tampered with.
Few things to consider when choosing an online banking method
- Always check that the casino in which you opt to play offer many kinds of deposit options and not one or two deposit and withdrawals so that you have easy and convenient method to choose from.
- Understand the cost of using any deposit and withdrawal mode so that you have hassle free banking transactions
- Also find the reliability of the banking method including whether the banking method is provided by a reputable institution, and how easy the method is to use.
- The online casino must be using latest secure encryption technology and software so that all your banking transactions are safe and secure. 128-bit secure socket layer (SSL) digital encryption technology ensures all transactions are encrypted completely and impossible to hack into. Some casinos deploy even higher grade security protocols.
- All payouts need also be regularly audited by independent third party auditors to ensure fair play by the casino.
- The casino should process your withdrawals on time
- Last but not the least always read the terms and conditions associated with deposits and withdrawals and playing games as well as payouts.
Deposits and Withdrawal Methods
The most popular deposit and withdrawal methods used at Canadian online live casinos are:
1. Visa and Master card Credit cards
One of the safest and most reliable Canadian online casino payment options is the Visa and MasterCard credit card option. Using one of these credits cards at an online casino is the most reliable way of adding funds to your account and both Visa and MasterCard are known for their extremely high levels of security. The great thing about depositing with Visa or MasterCard is the speed in which the transactions are processed and also the high deposit limits that you are allowed. Depositing with Visa and MasterCard is really easy and this is why these credit cards have become a popular online payment method for so many Canadian players.
Also as Visa is used internationally and the VISA debit/ credit / pre-paid cards are very easy and fast to use and in many casinos you even don’t need to register an online account to use your visa. The minimum deposit you can make with credit cards is $25.
2. Instadebit
Instadebit is one of the popular deposit options available at online casinos specially for Canadian punters to play live dealer games or slots with real money. Instadebit works with banks in Canada, allowing its users to conduct money transfers on the web in a secured and safe manner. It is the platform that allows Canadians to deposit and withdraw funds to their bank account quickly and easily, and the method does not impose high fees either. The only drawback can be that as Instadebit is a Canadian payment method, the number of casinos accepting the method is very limited, too. Also that an Instadebit account can link to only one bank, so those who want to spread over multiple bank accounts should not choose this method.
To get started with Instadebit Canada you need to set up an account by filling out your personal information, with a valid e-mail address, and add your bank details. Setting up and account with Instadebit is 100% free and the account is usually available almost immediately after registration.
- To use the service, you must be at least 18 years old and will need to provide your date of birth and the last 4 digits of your Social Insurance Number (SIN) in order to confirm your identity and protect your payments.
- Also you need to provide your bank transit number (5 digits), financial institution number (3 digits) and account number (up to 12 digits), which can all be found at the bottom of your personal cheques, or you can contact your bank to request this information when you open your account with Instadebit.
- When you create an INSTADEBIT account, they will make a small deposit into your bank account. The deposit will be less than $2.00 and will appear in your bank account within 3-5 business days. You need to know the deposit amount in order to verify your bank account to increase your spending limit. You are given a temporary transaction limit immediately after creating an account, and once you verify your bank account, you will receive a higher spending limit.
3. Neosurf
Neosurf is the new online payment option now available at Canadian friendly casinos to play slots with real money. Neosurf vouchers are available in a variety of denominations and can be used without requiring the consumer to provide any financial information – keeping personal, bank and card details safe. NeoSurf is a 10-digit prepaid coupon, which you can utilize as an alternate process to credit and debit cards. You can obtain a voucher using cash or card at a participating outlet, or online, and use it to play internet casino games. Click here to find the Neosurf card nearest to you to buy.
You can either fund your online casino account directly if the choice is available or use it to finance your web wallet if your lender does not let gambling transactions then use your e-Wallet to make withdrawals and deposits in your favorite online casino. NeoSurf has also teamed up with MasterCard so that you are able to choose in to get a prepaid NeoCash card, which you can use at an online casino as you would a debit card. You do not have to open a bank account to have the card, and you may make withdrawals, given MasterCard is an available withdrawal technique.
Because your Neosurf voucher is not linked to any bank accounts, it is a really safe way of creating online payments. Currently there are two types of cards that you can buy. One is the classic prepaid card which comes in the following values: $15, 30, 50 and $100. There is also a minor or smaller card that only has values of $10 and $20 which is great for low stake players.
The only drawback to Neosurf is that a lot of the main online casinos allow to make deposits with Neosurf but do not allow withdrawals. This means that if you choose to deposit with Neosurf, you will need to pick a different withdrawal method. You may opt-in to your NeoCash MasterCard, which will permit you to make withdrawals at your choice of online casinos.
4. Direct Bank Transfer
Many Canadian online casinos allow players using a Direct Bank Transfer which is a great way to fund your gaming account and this reliable Canadian online payment method can also be used to withdraw funds. You can send money to your online casino in much the same way that you would send money between any of your own personal bank accounts. A Direct Bank Transfer is perfectly secure and this is also an extremely effective online payment solution.
The thing that you need to remember when using a Direct Bank Transfer to send money to your favourite online casino is that your funds may not arrive instantly. In some cases you may have to wait up to three days for the cash to clear and show up in your account, so if you are not in so much of a hurry, but need a reliable means of depositing, Direct Bank Transfers could be the method for you. The minimum deposit you can make with this mode is $25.
5. Easy EFT
EasyEFT is another instant electronic funds transfer (EFT) payment service that allows you to make secure online payments directly from your bank account for free. You do not need any credit card nor registration to fund your casino account. All you need is to just select your bank and simply follow the steps required to process the EasyEFT deposit. Then complete the simple, guided process to make an online payment through your bank. Standard EFT fees from your bank may apply. The minimum deposit you can make with Easy EFT is $25.
6. Wire Transfer
A Wire Transfer is slightly different from the Direct Bank Transfer or Easy EFT and this is also often referred to as a SWIFT transfer. To send money using a Wire Transfer, the player must initiate the money transfer request for this type of payment with his or her bank. A Wire Transfer basically transfers money from a player’s account directly to his or her preferred online gaming account.
Players can deposit and withdraw using a Wire Transfer and this effective online payment solution is really easy to use, plus it is relatively fast. As a Canadian player you have an active bank account, then this is definitely an online payment solution that you could consider using, especially if you prefer not to use credit or debit cards and also if you prefer not to use eWallets such as NETELLER or Skrill.
The minimum deposit you can make with this mode is $25 and a minimum withdrawal of $1500 and $200 fees is involved in this withdrawal method and takes up to 20 Business days to get back your winnings.
7. Skrill eWallet
Skrill is quite possible the most famous eWallet in the world and it is currently accepted at each of reputed Canadian online casinos. This secure online payment option for Canadian players allows you to deposit funds in to your favourite online casino, plus it also allows you to withdraw your funds. Deposits are usually processed in an instant and withdrawals can take up to 48 hours.
Depositing with Skrill and at online casino or making a withdrawal with Skrill is really easy. You need to register with Skrill to use their money transfer services and then you need to top up your Skrill account so that you can send those funds to your preferred gaming account. You can top up your skrill account in a number of different ways. The minimum deposit you can make with Skrill is $25 and minimum withdrawal is $500 which takes up to 48-72 hours.
8. Neteller
Neteller is also a reliable eWallet for Canadian players. This perfectly secure online payment option allows you to deposit funds into your gaming account and it allows you to withdraw your winnings. Neteller processes deposits in a matter of seconds and withdrawals can take up to a maximum of 48 hours. Neteller also comes with extremely high levels of security.
Signing up to Neteller is free and topping up your Neteller eWallet account is easy. You can use a number of different methods to top up your eWallet and then you can instantly start sending those available funds to your preferred online casino. The great thing about depositing & withdrawing with Neteller is that it is really easy to use and that it is accepted at each of our featured online casinos. Minimum deposit you can make with Neteller is $25 and minimum withdrawal is $500 which takes 48-72 hour maximum time.
9. PayPal
PayPal is another deposit method but drawback is that there are fewer casinos offering this method of payment. PayPal is a third party e-wallet solution that allows you to make financial transactions online. Paypal and casinos work for the ease of the transaction process and the security it offers to people who are transferring money over the Internet. In order to use Paypal you just need an email address and a credit card or bank account.
So to fund your casino account with Paypal you must first have open a Paypal account. You just need an email address to do this. This is a fast and simple process and can be done online via their website. You will also need to fund your Paypal account and this can be done via a bank account or a credit card that you have attached to it. You can use wire transfer, VISA, Master Card, VISA Debit or Maestro Debit to fund your Paypal account. Once this is done, you will be ready to use Paypal at casinos that offer this payment solution.
10. Bitcoin
These days many of the online casinos also offer Bitcoin deposit and withdrawal option for the players, as the cryptocurrency is on rise and widely used in online transactions. To make a deposit with Bitcoin (BTC) first you need to obtain a Bitcoin wallet. As is BTC the wallet is also a virtual object and it could be lost if not previously backed up. So choose the wallet which is reputed like online bitcoin wallet and is stored in the cloud servers hosted by third party. There are software wallets and these are being stored at your computer. You will need to back them up manually. Hardware wallets are available in a form of a USB device and also needs to be backed up manually.
Next after you have wallet you need to purchase Bitcoins from a reputable seller. As Bitcoin has no attachments to any bank of any kind and the currency circulated from peer to peer that is from user to user with appropriate BTC addresses.
When you register at an online casino that offer Bitcoin transactions then you will obtain Bitcoin address or your own to use. The deposit to a casino account happens instantly only it needs to be confirmed by the block chain which might require sometime but only few minutes.
Same way you can withdraw with Bitcoins. The cashing out process might take a bit longer than the deposit due to various checks and verifications the casino is obligated to perform manually and you are free to keep BTC in your e wallet. Note that casinos have minimum deposit of CA$100 in BTC and withdrawal time takes from 48- 72 hours in Rands
11. Litecoin
Litecoin has been around since 2011 and recently has increased massively in popularity for offering the same benefits as Bitcoin but with even faster transaction times with even lower fees. As with Bitcoin it is used to trade exactly the same way you use your dollars online. You can both deposit and withdraw in Litecoin at casinos, enjoying almost instant deposits and next working-day withdrawals. All you need is to set up a Litecoin Wallet. This takes seconds so you can start sending and receiving litecoins today. There are many different options, Electrum and Jaxx both popular choices for their capacity to store multiple cryptocurrencies on your PC or mobile.
You can purchase Litecoin at popular exchanges Bitstamp and GDAX using credit card, PayPal, bank transfer. Or you can buy Litecoin using Bitcoin. In Canada you can buy Litecoins here.
Now at the casino select Litecoin as your payment method in the Cashier. Use the provided address to send the desired deposit amount from your cryptocurrency wallet to your casino account. You can also scan the QR code with your mobile payments are set up.
12. Bitcoin Cash
You can trade with Bitcoin Cash online just as you would with dollars, or any other cryptocurrency. Bitcoin Cash deposits are instant, and withdrawals are processed the next working day.
All you need is to set up a Bitcoin Cash Wallet This first step takes seconds and there are several different wallet options you can choose from. Digital wallet Jaxx and hardware wallet Trezor are good choices for their ability to support multiple cryptocurrencies.
Bitstamp and Bittrex or Coinspot are recommended exchanges for purchasing Bitcoin Cash. You can use credit card, PayPal, bank transfer, or buy Bitcoin Cash with your existing Bitcoin.
Select Bitcoin Cash as your payment method in the Cashier at online casinos. Send the desired deposit amount from your cryptocurrency wallet to the Bitcoin Cash address provided in the Cashier. Your balance will update instantly. Alternatively you can scan the QR code with your mobile, if you have set up mobile payments.
Remember Bitcoin Cash deposits are instant and withdrawals are processed the next business day.
13. Ethereum
Ethereum is another cyrptoucurrency that is widely used now at online casinos and it’s processing speed is 15-30 seconds which due to a program called Ghost Protocol made it so both transactions times and fees are very small.
Just like any other cryptocurrency you can purchase any amount of Ethereum you want by using a cryptocurrency exchange. Some of the best ones available out there are Coinbase, Bitfinex, and BitPanda. All three of those support credit/debit cards and bank accounts to provide their services.
Well, so you purchase Ethereum. Now, where will you put it? All major exchanges like the three mentioned previously, and much more like them, will offer you a free digital eWallet account. However, you could also buy a physical device for further protection of your funds. There are plenty of choices but the best ones are the Ledger Nano S, the TREZOR, and last the KeepKey. Although, most major cryptocurrency exchanges hold most of their customers’ funds in secure cold storage that can’t be hacked and thus stolen.
Simply go to cashier at online casino, choose Ethereum as deposit mode and do your casino funding.
14. Dogecoins
Many online casinos now also use Dogecoins. By definition the Dogecoin is “an open source digital currency” that is not and cannot be controlled by the government because it is decentralized. Like other crypto, digital currencies the Dogecoin too offers completely anonymous transactions and extreme safety.
In order to have dogecoins you need to have a digital wallet, which is stored on your computer, your smartphone, or it can even be stored on your website. To get dogecoins you have to buy them using traditional currencies like Canadian Dollars, from online exchanges. But, be careful and pay attention to the changing exchange rate. First get a wallet, which you can do via the official Dogecoin website. Now buy some dogecoins via online exchanges. Once you have Doge you can make a deposit at casino cashier and play pokies with real money
15. Ecopayz
EcoPayz is another well know e-wallet which Canadian players love to use as it is one of the safest and easiest ways to transfer funds to your account. You need to first register with EcoPayz and open an account with them to use this mode. You can load your EcoPayz Account via Visa, Mastercard, Amex or JCB. The minimum deposit by this mode is $25 and minimum withdrawal is $500 which take 48-72 hours. To withdraw with this method online casinos also want you to fill out their pay-in request form and your account will be credited immediately.
16. Instant deposit
Instant deposit is like instant bank transfer where you can deposit instantly using your local Canadian bank account. This method is a web-based payment service that allows Canadian residents to pay an online merchant directly from their bank account via their Internet or netbanking facility. Payment is instantly debited from their account and the casino is immediately notified that the payment has occurred. You do not need any credit card here to make a deposit. The minimum deposit you can make with this method is $25 and withdrawal takes place within 48-72 hours in CAD.
How to make deposits and withdrawals at online casinos?
Making deposits at any of the Canadian online live casino is straightforward. Simply visit the cashier section of your chosen casino, select your payment method, check what the minimum deposit requirement is, and transfer your funds.
Similarly go to cashier or withdrawal page/section in online casino , choose the mode of withdrawal and check the withdrawal fees or other conditions and have your winnings.
- Credit cards withdraws take 2 to 7 working days
- Debit cards take 2 to 7 working days
- E-wallets Up to 24 hours
- Bank wire 3 to 7 working days
- Crytpocurrencies- 15 minutes
Ensure you withdraw within the limits mentioned for the various withdrawal methods available and choose the method you wish to use. Then, submit all the documents that the casino asks for. There is usually a pending period prior to approval of the withdrawal, during which the casino examines and validates all the documents provided. Once this is done the withdrawal is approved and the money reaches your bank in the timeframe provided.
Finally it is your choice which deposit and withdraw methods suits you the best. You can use E wallets or prepaid cards or credit or debit card, wire transfers, cryptocurrencies or any method you feel satisfied and easy to use. For withdrawals many casinos also give cheques or other simple modes and you can use that too. Remember you need to have sufficient bank balance or money to play games, stick to your bank roll and play wisely.