Guide to Online Casino Banking

Canadian Casinos Casino Banking
Casino Banking

Casino banking is the most important part of your online gaming experience.  While in the past people would just deposit and start playing without caring much about the available banking options, today's customers are educated and they enquire after the available online payment methods before they make their first deposit.  As a customer, you may have often found yourself in situations where your payments have been slowed down, transfers have been delayed, and you've had to exchange multiple messages with the casino's customer support.

How do you avoid this? You simply choose to stick with quick withdrawal casinos. In our detailed guide we will explain to you about the Canadian-friendly payment options in the iGaming world.

Popular Casino Banking Methods

There are many ways to process your money at a casino. The best operators offer you a choice of many various payment methods, including credit cards, e-wallets, direct wire transfers, online checks and even in-person cash.  Today, we examine the best ones available to Canadians starting with the most popular ones and looking into the individual details that apply to each method specifically. Let's get started.

Credit Cards

Credit cards are the most popular option for anyone who wants to play at an online casino and enjoy convenient banking methods. They are very common in everyday life and people use them for things outside casinos as well, such as e-commerce and online shopping. Because of this, players who attend online casinos feel far more comfortable using a credit card to deposit money and even withdrawing their casino balance to their bank accounts.

If you choose banking cards to settle any type of transaction you may be charged a small nominal fee for the transfer, usually 2% of the amount you are depositing or withdrawing. These amounts will vary slightly across online casinos, but all fast payout casinos will provide you with a detailed breakdown on how long it takes to complete a transaction and what fees there are, if any apply.

Prepaid Cards

Prepaid cards offer a very comfortable layer of security which is easily appreciated by players of all backgrounds. The prepaid card comes with a unique code that must be punched into the casino's cashier section upon which the amount of the card is deposited into the website.

eCheck

eCheck is a unique service that serves like a regular cheque, but only this time you do it electronically. You may need to log into your online banking to confirm and complete the transaction, which should only take a few moments in any event. Quick and reliable, eCheck is a very popular method to settle your payments indeed.

iDebit

iDebit is another secured online payment method which provides customers with a very quick way to deposit and withdraw while guaranteeing you absolute security and comfort when banking online. To begin, you will need to go ahead and register an iDebit account first. After that, you can easily navigate to the cashier section and choose the option that you prefer.

Instadebit

Instadebit is a quick and reliable way to fund your account. All Canada-friendly casinos will make a point of featuring this method as a viable way to deposit and withdraw. All you need to do is confirm with the casino that you want to use Instadebit as your primary way of handling financial transactions. Instadebit uses a virtual e-wallet that adds extra security to your transactions.

Bitcoin

Bitcoin is a virtually untraceable cryptocurrency that comes with high security protocols and instantaneous transaction times. Leaving no trace and offering comfortable anonymity, Bitcoin is the best choice of a payment method for anyone who'd rather keep their casino banking history a total secret.

ecoPayz

ecoPayz is another top-notch security payment method. As far as online payment methods go, ecoPayz promises to help you with instant deposits at your online casino of choice. There are also bonuses available for users who opt for this payment option.

Interac

Interac e-transfer is one of the best and popular ways to settle any financial transactions in Canada. It's a popular and reliable method that offers multiple online wallets and services. For the purposes of quick and speedy deposits and withdraws at an online casino though, all you need is a simple Interac account and you are all set to go.

How to Pick a Casino with the Best Payment Options

The good thing about payment providers is that they are independent. This means that the online casino will have no influence over how quickly your money arrives into your bank account. However, you should keep in mind that a casino can take up to 24 hours to process any payment out of the casino.

We generally recommend to choose a casino that meets several basic criteria:

  • Instant deposits/withdrawals
  • Established reputation
  • No associated payment fees
  • Encrypted website

Some online casinos may still keep fees when it comes to payment, but in our experience, the majority have cancelled those (except in the cases of credit and debit cards). Similarly, nearly all casinos today will try to cash out your money within a few minutes as they appreciate your comfort and the security of your money.

A Final Thought on Payment Options

Canadian players will find themselves in no shortage of excellent payment options. Whether you want to use a debit card or opt for an e-wallet, there are sufficient choices of top payment methods available. With accommodating minimum deposits and maximum cash outs, you won't have trouble playing at the top recommended Canadian casinos using established payment processors.

 

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