Banking Methods
Updated
Gayle Mitchell
Updated
Gayle Mitchell
What you will find on this page
Interac is an interbank network that allows you, as a Canadian player, to easily e-transfer between your bank account and your secure digital Interac account. This facility not only makes it convenient for you to deposit funds into your online casino account but also ensures that your bank account remains protected from becoming overdrawn.
Neosurf is one of the most secure and convenient banking methods available to Canadian online gamblers today. You will have full control over your spending when you buy casino credits with Neosurf at online casinos in Canada. This is because Neosurf requires you to buy vouchers through online websites or at physical locations like Hasty Market and Gas+.
INSTADEBIT is a Toronto-based alternative online transaction method that lets you fund your online casino balance directly from your Canadian bank account. INSTADEBIT allows you to make cash payments to online casinos directly from a bank account. As the name suggests, when you use INSTADEBIT, it allows for almost instantaneous purchases of casino credits with minimal hassle.
PaySafeCard is a prepaid, cash-based, online payment method offered by PaySafe Limited. PaySafeCard is similar to digital vouchers and uses a 16-digit PIN code for authentication. PaySafeCard can fund online transactions without divulging your personal or financial information, making it ideal for online casinos.
Gigadat is a specialized electronic payment service located in Winnipeg, allowing you to pay for goods and services directly from your bank account, eliminating the need for a credit card. Founded by industry experts, Gigadat collaborates with digital banking companies, including Interac and MuchBetter, to provide a secure and rapid transaction option when playing at online casinos.
VISA is the world’s most widely accepted and secure payment method available today. They offer both debit and credit card facilitates depending on the requirement of the customer. Many Canadians choose Visa when selecting to deposit at trusted Online Casinos.
MuchBetter is a payment wallet service that lets you securely process and receive electronic payments with the company’s digital wallet and payment gateway products, so you can make your casino deposits and withdrawals with complete peace of mind.
You can use Apple Pay to purchase casino credits at any one of our preferred online casinos using any of your mobile Apple devices - it can even be set up for use on your laptop or desktop device. Think of Apple Pay as a physical credit or debit card replacement. Plus, using Touch ID or Face ID adds a very high level of security.
iDebit is an online payment method developed for the Canadian market that allows you to pay for goods and services directly and securely from your bank account, without revealing your banking details. iDebit is separate from InstaDebit, which offers a similar service but with some drawbacks that the creation of iDebit resolved.
The process to fund your online casino account varies from one site to the next, but it usually comprises of these straightforward steps that can be carried out within a few minutes:
Web Wallets are essentially alternative methods to pay for goods or services online. They differ from traditional credit cards in that you must first load cash onto the virtual wallet before you can spend a cent.
This trend has grown from strength to strength in Canada as it is a safe way to set a monthly or daily budget, which will go a long way to helping you control your entertainment at the slots.
More important, however, is that because there are ‘limited’ funds available, in the unlikely event that someone does manage to get hold of your card and details, you are only at risk of losing the remaining balance on the card. If such an event occurs, don't hesitate to contact the Web Wallets fraud division so that they can advise you on how to cancel or stop any purchases from being made.
Some casinos might add 10% extra when you deposit using a certain method that is on promotion. A quick online chat with a live agent is a good way to find this out.
When using a credit card to make a deposit, we recommend depositing an odd amount rather than a rounded number. For example, rather than depositing $100, choose to deposit $98,78. This looks more like an everyday purchase than purchasing casino credits. This suggestion is because, due to the high levels of fraud at casinos, credit card service providers are always overly cautious and can often stop these purchases, causing further inconvenience.
By using pre-commitment tools, which allow you to limit your gambling spend. There are currently several options available to help you curb your spending, such as play limits, deposit limits, bet limits and loss limits.
As you can see from the example below from Royal Vegas casino, reputable gambling sites will always encourage you to play responsibly when engaging with real money slots. These limits are manually set and can be changed at a place and time of your convenience.
The deposit limit, as highlighted here, stipulates the maximum amount of money that you can deposit into your casino playing account at any given time. Some of these limits imposed by online casinos are voluntary, i.e. you can decide whether you want to take advantage of the gambling management tools. In contrast, others are mandatory, i.e. you have to set a limit you want to access the site’s games.
Security and fraud are always a concern when gambling online with real money at a casino, as they should be. This issue is of utmost concern at well-respected casino brands, and such establishments go out of their way to ensure you feel completely at ease when signing up because they want loyal players who keep coming back to them.
To create a safe and trusted environment, casinos employ tools such as SSL encryption, protocols, systems and world-class technology used by leading banks and financial institutions to protect your personal and financial information.
You can also play your part in making sure you are protected online by doing the following:
Withdrawals are the most critical part of playing at any online casino, especially after your big win on the slot machines. Before your first withdrawal can be made, you will need to provide KYC documentation.
These documents are generally things like:
Scan them into your computer and email them across to the support desk or VIP host.
These measures are not there to make it more difficult to get winnings out. But rather provide an extra layer of security to protect you from any fraud taking place – a great way to protect your cash.
After a request, a withdrawal request will enter a pending period (minimum 24 hours), during which time you can reverse your withdrawal, should you wish to do so. Your withdrawal will be processed when it is released from the pending period.
Please noteSome casinos implement a minimum-play rule where you must spend your deposit a few times over before it is eligible for withdrawal.
Many bonus offers come with minimum wager requirements, which stop you from withdrawing immediately. You may need to spend it all within a specified time or wager it a few times.
Do you want to know how to withdraw funds at any of our online casinos? Read the step-by-step guide below.
Log onto your casino account and open the cashier section.
Choose the option to withdraw and select your preferred deposit method from the option presented.
Follow the prompts to provide the necessary personal or billing information and submit your withdrawal request – typically by clicking on a “withdraw” button.
Please noteThese are general figures and may differ from online casino to online casino. Please refer to our specific casino reviews for more detailed information.
Deposit options usually far outweigh withdrawal ones, so before you start playing with real money, make sure you can cash out your winnings in a method that works for you.
Here are the common options you can choose from:
Note!Different banks have different processing times, holidays, and weekends can delay the process further.
Each casino has specific terms and conditions for making an online casino withdrawal. You should always read the terms before proceeding. The most typical withdrawal limits and a brief explanation are listed below.
Betting/wagering requirements: The number of times you must play through a bonus before you can withdraw. For example, consider a 20x betting/wagering requirement and a $100 bonus. You must bet 20x100, or $2,000, before you may withdraw funds from the bonus. Some casinos will also force you to play with your money. In this scenario, the wagering requirement is (100+100)x20, or $4,000.
Withdrawal limits: As the term suggests, most casinos limit the amount of money a player can withdraw in a given time. Casinos typically set withdrawal limitations on a daily, weekly, and monthly basis. VIP members usually have higher limits.
Time limits: The number of withdrawals you can make in a given time frame. Players can only withdraw several times before waiting again, making it more convenient to batch your withdrawals.
Amount limits: A player sometimes has limits on the maximum amount of money they can withdraw in a single transaction. In some circumstances, such as following a big victory, certain online casinos will allow players to make a single large withdrawal. However, payment methods may only be able to receive a given amount if a set timeframe (per day or week) is reached. Therefore, it's critical to double-check this to avoid disappointment.
KYC/Security Checks: All authorized online casinos must conduct security checks on new and existing patrons. This guarantees that the consumer is of legal gambling age and that the payment belongs to the customer.
Gayle Mitchell is the leading female expert on casino gambling and has written extensively, presented seminars and was editor of four gaming newsletters. She is the author of seven books, 12 Ebooks, and five Tips booklets. Online since 1999, Mitchell has owned and operated 4 gaming websites. Her writing and teaching style is targeted at educating novice and passionate casino players.
