A question I get asked often is what are the best methods for Canadians to deposit at online casinos. One of the most popular intermediaries in terms of online finance is Paypal, however, they don’t allow Canadians to deposit to online gambling sites as of this writing.
Thankfully, there are various other trustworthy and reliable methods to deposit at online casinos that accept Canadians, and they all make it very easy to use.
The deposit options differ depending on the online casino. Some casinos may be restricted to just e-transfer and cryptocurrency. Thankfully there are a variety of casinos such as wildz.com which offer a wide selection of deposit options.
I’m going to run down a few of the deposit options offered at Wildz. I’ve used all of these options and have never had an issue with them.
Credit Card: The most convenient option is of course credit card, and they accept Visa and Mastercard. You will never see American Express accepted at any online casinos primarily due to the fees.
It should be noted that it depends on an online casino’s payment processor but at times, the payments can fail as Visa and Mastercard can block the transactions. So while easy, they are often not the most reliable.
Interac etransfer: This is a method that I enjoy using as it is so very easy to use. When you have an account at an online casino such as wildz, you simply choose the Interac option when on the deposit menu, and choose the amount that you wish to deposit.
You will then get to choose your bank, and you log in securely and click to pay. The nice thing is there is no delay on this process either – the money immediately shows up in your account.
You will also be able to withdraw your funds back to your bank account via Interac, so that is often the easiest option.
iDebit: iDebit is a completely secure instant bank transfer option for people to transfer straight from their bank account, to the online casino. If your bank doesn’t accept interac etransfer, then this is a good option to use and it is very easy to do so. It is completely secure, with very low transaction fees which they state upfront.
InstaDebit: If you’re a fan of Paypal, and like the idea of an intermediary where you can hold your funds in, then InstaDebit is a good option for you. This is like Paypal where you can store funds there and move it around at your will.
I’ve used InstaDebit for years and have been very happy with the service. Fees are extremely low, and it’s such an easy process for moving money around.
The benefit of this over the likes of Interac etransfer is if you are moving your money around to various different sportsbooks and casinos, for claiming bonuses or just getting the best odds. The reason for that is the online gambling site pays the fees, so you don’t get hit with incoming or outgoing bank fees.
If you’re looking to play at a variety of different sites, using a go-between such as Instadebit is a must.
ecoPayz: This is similar to Instadebit and will allow you to move your money around without incurring bank fees. From my own personal experience, the fees here are often slightly higher than Instadebit. The positive to this however is that you don’t have to withdraw your money within 30 days. So if you want to hold your money there for a while, you can do that with no problem.
MuchBetter: MuchBetter is a great app not just for gambling, but for life in general. It is a great e-wallet that allows you to move money around to your friends and family. This is the type of thing that you can use in your everyday life. Another great option.
The above are just a few of the payment options available for Canadians. All of them are completely secure, trustworthy and I would recommend using them when depositing at your favourite online casino or sportsbook.