Online casinos and their payment options

By 21 July 2021

Truly world-class online casinos such as casinoonline-canada offer varied payment options to their players. Gambling on such online gambling sites is such a fun! You don't have to worry about making and receiving payments at all!

What payment options work with online casinos?

You can make payments and receive them through bank transfer, credit and debit cards, and virtual wallets such as PayPal, Skrill, Neteller, etc. Some online casinos also accept BTC payments and phone-based payments.

How to make a payment?

Locate your online casino, and create your account. Now go to the Cashier section and link your bank account/ credit or debit card/ virtual wallet to your account. After that, transfer the desired sum.

Is the payment process safe?

When you create your account and fill in the necessary details, all your information is encrypted and cannot be seen by hackers. Your personal data is covered under a virtual and secure tunnel.

  • Never make payments on public Wi-Fi
  • Look out for sights carrying 'https' as a prefix

Comparison of payment methods

While comparing the various options, you should keep the following criteria in mind. Is it easy to use? What are the transaction costs? Is this payment method available 24/7? What is the processing time?

How does your payment method apply to your bonus? Is your preferred payment option available in your country? Is your payment option subjected to limits? Finally, how transparent is your payment method?

Debit Cards

These are used in most of the online casinos. You can make payments through your Visa Debit, Visa Electron, Mastercard Debit and Maestro cards. Payments through this option are super-quick. Most Canadian casinos accept debit cards.

Prepaid Cards

If you value privacy, then you can opt for pre-paid cards. You pack your card with the exact value that you want so there is no way you can exceed your budget.

  • Popular pre-paid cards are EcoCard and Paysafecard
  • Some online casinos might not allow these cards

Virtual wallets

Many casinos allow virtual wallets such as Neteller, Skrill, PayPal, etc. Creating an account is easy; all you have to do is link your existing bank account to your virtual wallet. Transaction costs might apply.

Advantages of E-Wallets

Also known as E-Wallets, private wallets are popular because of the ease of use, and the swiftness of payments. However, check if your online casino allows them. Some e-wallets don't allow payments of bonuses.

Neteller and other e-wallets

Neteller has emerged as one of the most popular e-wallets in not just Canada but the rest of the world as well. Creating a Neteller account is easy, and the payments are super quick.

PayPal has been around for quite sometime and is preferred by many online casinos the world over. This e-wallet encrypts data using advanced technologies so that your information remains safe and secure.

Mobile apps-based payments

This being the age of the mobile consumer, many online casinos have begun accepting payments through mobile-apps. You don't have to sit by your computer while making a payment. Making payments has never been so easy.

Boku lets you pay through your mobile phone. Deposit money by giving out your mobile number to your casino. This deposited money will be added to your next month's mobile phone bill.

  • You can't withdraw money using this method
  • Some online casinos do no work with Boku

Revolut solves some problems that Boku can't. The former is also a mobile app and is gaining currency globally. Download it, link it to your online casino account and start enjoying your game.

Trustly, Bank Transfer and Wire Transfer

Several Canadian online casinos are accepting Trustly as a credible payment option. With Trustly, you can make bank transfers swiftly and without getting concerned about payment safety. Trustly is powered by advanced banking solutions.

Bank Transfer is yet another swift payment option. This way, your online casino deducts the due charges from your bank account directly so you don't have to chase both the parties for getting the job done.

Of late, several Canada based online casinos have begun accepting payments through Wire Transfer. This is an advanced form of bank transfers, is safe and very swift. Players find wire transfers a very easy process.