Payment options at online casinos are vast, with so much choice nowadays it can sometimes get confusing as to which one to use. Whenever you’re playing online casino games, you need to be able to get your hands on your winnings safely, as well as your money into your account just as safely.
We’re going to talk all about the safest ways to deposit and withdraw your money from Canadian online casinos. If you want to use these payment methods, be sure to take a look at the best online Canadian casinos. These casinos won’t just come with all of these payment options and more, but also amazing games and bonuses for players to claim!
Onto the list:
One of the most popular payment methods throughout Canada is Interac. This payment method allows extremely fast deposits and withdrawals, with the sweetener being that you can anonymously make payments – your financial details are never shared with the casino.
Being so widely used, you can find plenty of options for using Interac and many of the casinos won’t have any sort of fees attached for using it.
PayPal is probably the biggest payment processor in the world, with over 400 million active accounts and processing over $300 billion a year. It’s no surprise that it’s widely accepted at Canadian online casinos.
They pride themselves on their safety and spend a huge amount of money fighting fraud. Thanks to the huge budget on safety, you’ll find the transactions some of the most secure around.
- Debit and Credit Cards
Almost everyone has a debit and/or credit card, which is why it’s probably the most common payment option at casinos. Whilst not quite as fast for withdrawals as Interac or PayPal, this method has become one of the safest thanks to innovations in banking security.
Many of the big-name credit and debit card providers such as Visa and Mastercard have started to implement two-factor authentication on transactions, which allows any and all transactions to have another layer of verification, no matter if you’re playing online casinos in Ontario or Alberta.
- Neteller and Skrill
Neteller and Skrill have become firm favourites for online gamblers thanks to their speed and safety. These services act as a middleman between the casino and your bank, meaning your financial details are always safe.
Whilst they’re very popular, some online casinos won’t have thyme listed due to the fees that they incur, meaning they aren’t quite as widespread as some of the other methods on this list.
- Bitcoin, Litecoin and Ethereum
Cryptocurrencies have found their way into many different industries and online casinos are one of them. Offering an almost unparalleled level of safety and speed, depositing and withdrawing using one of the popular cryptocurrencies could be the future of online casino payments.
But because the technology is so new, it can be quite hard to find a casino that accepts Bitcoin, Litecoin and other cryptocurrencies.
Other pointers to staying safe at Canadian online casinos
The biggest pointer we could give you is to only play at reputable casinos! Make sure that any casino you’re looking at is fully licensed – both by one of the major governing bodies in the industry such as the UKGC or the MGA and by the local provincial government.
Making sure the casino has this licensing gives you protection in case anything goes wrong – getting a license from one of these authorities means the casino has adequate protection in place if anything bad should happen. It also ensures the casino that you’re playing in is fair and has good practices when dealing with customer enquiries.
You should also check that the online casino has SSL-level protection. This is signified by the little padlock next to the web address in the URL bar. SSL encryption means that any personal or financial details that you’re entering onto the online casino site have been encrypted to a high level, keeping any potential hackers in the dark.