Online Casino Banking Methods in Canada — Deposit and Withdrawal 2022

The process of managing payments between you and online casinos is safer and easier than ever. There are more options available, withdrawals can be instant, and new technologies help offer a greater sense of financial security.

Lastly, you want the banking method of your choice to be the fastest option with zero hiccups. Meaning, you only want to play at a fast withdrawal casino so when you deposit or withdraw, your request gets processed and confirmed within the hour.

Best Canadian Casino Payment Methods (Updated in December 2022)

  • new
    IZZI casino - logo

    IZZI casino

    3.7 / 5.00

    100% / $ 600

    Welcome Bonus

    40 x (b)

    Wagering
    • 500 Free Spins
  • Dream Vegas - logo

    Dream Vegas

    3.7 / 5.00

    200% / $ 2500

    Welcome Bonus

    35 x (D+B)

    Wagering
    • 50 Free Spins
  • Tonybet - logo

    Tonybet

    4 / 5.00

    100% / $ 1000

    Welcome Bonus

    50 x (b)

    Wagering
    • 120 Free Spins
  • Nomini Casino - logo

    Nomini Casino

    4.5 / 5.00

    100% / $ 750

    Welcome Bonus

    35 x (D+B)

    Wagering
    • 200 Free Spins
  • new
    Fbet Casino - logo

    Fbet Casino

    2.35 / 5.00

    100% / CAD 300

    Welcome Bonus

    30 x (b)

    Wagering
    • Rabona - logo

      Rabona

      3.9 / 5.00

      100% / $ 750

      Welcome Bonus

      35 x (D+B)

      Wagering
      • 200 Free Spins
    • Bonus code: SLWEL300
      Slotimo - logo

      Slotimo

      5 / 5.00

      100% / $ 450

      Welcome Bonus

      25 x (D+B)

      Wagering
      • Lucky31 - logo

        Lucky31

        4 / 5.00

        100% / $ 100

        Welcome Bonus

        30 x (D+B)

        Wagering
        • Exclusive
          CasinoLuck - logo

          CasinoLuck

          4.5 / 5.00

          150% / $ 150

          Welcome Bonus

          35 x (b)

          Wagering
          • 150 Free Spins
        • new
          PowerUp Casino - logo

          PowerUp Casino

          4.4 / 5.00

          100% / $ 500

          Welcome Bonus

          35 x (D+B)

          Wagering
          • 100 Free Spins
        • Neon54 - logo

          Neon54

          3.45 / 5.00

          100% / $ 750

          Welcome Bonus

          35 x (D+B)

          Wagering
          • Exclusive
            new
            WinLegends Casino - logo

            WinLegends Casino

            4.25 / 5.00

            125% / $ 700

            Welcome Bonus

            40 x (b)

            Wagering
            • new
              Snatch Casino - logo

              Snatch Casino

              3.3 / 5.00

              200% / $ 1500

              Welcome Bonus

              35 x (D+B)

              Wagering
              • 100 Free Spins
            • Axe Casino - logo

              Axe Casino

              4.4 / 5.00

              100% / $ 750

              Welcome Bonus

              45 x (b)

              Wagering
              • 150 Free Spins
            • Rocketplay Casino - logo

              Rocketplay Casino

              4.6 / 5.00

              100% / $ 1500

              Welcome Bonus

              40 x (b)

              Wagering
              • Jackpot Molly - logo

                Jackpot Molly

                4.6 / 5.00

                200% / $ 1150

                Welcome Bonus

                40 x (D+B)

                Wagering
                • 321 Free Spins
              • Fairspin Casino - logo

                Fairspin Casino

                4.2 / 5.00

                450% / BTC 5

                Welcome Bonus

                60 x (b)

                Wagering
                • 140 Free Spins
              • Foggystar Casino - logo

                Foggystar Casino

                3.88 / 5.00

                100% / $ 13500

                Welcome Bonus

                25 x (D+B)

                Wagering
                • 50 Free Spins
              • Casino Universe - logo

                Casino Universe

                3.9 / 5.00

                100% / $ 150

                Welcome Bonus

                50 x (b)

                Wagering
                • 25 Free Spins
              • new
                Happy Hugo Casino - logo

                Happy Hugo Casino

                4.9 / 5.00

                100% / $ 300

                Welcome Bonus

                0 x

                Wagering
                • 50 Free Spins
              • Bonus code: GODDESS3
                Andromeda Casino - logo

                Andromeda Casino

                1.7 / 5.00

                275% / $ 5000

                Welcome Bonus

                35 x (b)

                Wagering
                • 50 Free Spins
              • Bonus code: MRGAMBLE
                Chipstars Casino - logo

                Chipstars Casino

                4.1 / 5.00

                100 Free Spins

                Free Spins

                0 x

                Wagering
                • new
                  31Bet Casino - logo

                  31Bet Casino

                  4.3 / 5.00

                  100% / $ 500

                  Welcome Bonus

                  35 x (D+B)

                  Wagering
                  • 100 Free Spins
                • Jackpot Paradise - logo

                  Jackpot Paradise

                  3.6 / 5.00

                  100% / $ 200

                  Welcome Bonus

                  50 x (b)

                  Wagering

                  There’s truly an abundance of banking options when it comes to the world of online casinos. Gone are the days when bank transfers and bank cards were the only available options.

                  Today, you can choose between hundreds of e-wallets, dozens of cryptocurrencies, bank cards, credit and debit cards, traditional banking, paying by invoice, and more.

                  But, no matter how efficient and easy it is to manage financial transactions online today, there’s always something to complicate the process. When it comes to online casinos, the T&Cs outline rules for depositing money, taking a casino bonus, and withdrawing your winnings.

                  One method might exclude you from bonuses, another might not be available as an option for withdrawals. Other options could have a large transaction fee attached.

                  Online Casino Safe, Fast Deposits and Withdrawals Canada

                  Online Gambling With Debit Cards & Credit Cards

                  Debit cards are an accessible way of paying for gambling. Most online casinos accept Visa and Mastercard, which makes them a natural first choice for casino players. Since debit cards are used in our everyday activities, players usually have no issues paying with them at online casinos.

                  Visa Card

                  Visa cards are one of the most popular payment methods even outside of gambling. If you want to use your Visa card to gamble, it would be faster to look for a casino that does not accept Visa. Players can feel safe depositing at a casino using Visa cards as not only are their deposits safe, but they are also typically fast.

                  Mastercard

                  Mastercard is another top payment method for traditional and online casinos. These cards boast wide accessibility, ease of use, and security, with almost every online casino accepting Mastercard. Players who prefer casinos that accept Mastercard can also expect a lot of attractive bonuses.

                  Pros and Cons of Payment With Debit Cards

                  ✔️ Pros❌ Cons
                  Accepted everywhereFrequently targeted by scams
                  Fast transactions 
                  Low fees 
                  Great security protection 

                  E-Wallets and Prepaid Cards for Casino Players

                  E-wallets are great for many purposes, even for managing financial transactions between you and an online casino. Deposits are as safe as bank cards, and so are withdrawals – just a whole lot faster.

                  Skrill

                  Skrill started out as a dedicated gambling card and has since then become one of the most widely-used e-wallets. The ease and speed of depositing and withdrawing money with Skrill is the reason why casinos that accept Skrill are in such favour of players.

                  Neteller

                  Neteller is commonly cited along with Skrill as the most popular e-wallet used by gamblers for casino transactions. The transactions at Neteller casinos are instant, plus most casinos accept Neteller as a payment method. On the downside, using Neteller may exclude you from getting some casino bonuses.

                  PayPal

                  PayPal is one of the most popular e-wallets out there, and many casinos use it as a payment method. Playing at a PayPal casino offers you a great degree of security and convenience since PayPal is available in more than 200 countries and supports 25 currencies.

                  Paysafecard

                  Paysafecard is one of the most secure online payment methods, which makes it a favourite among casino players. Paysafecard is a prepaid card that uses a 16-digit verification code for extra safety. You don’t need to share your financial details with casinos, helping you stay secure.

                  Trustly

                  Trustly is a payment option that allows for quick deposits. When making a deposit with Trustly, you need to go through a two-step verification process. Сasino players can feel safe with this encrypted e-wallet as it does not require them to provide any bank details.

                  EcoPayz

                  EcoPayz is a UK-licensed payment method accessible at many online casinos. It provides instant and secure payment services in over 200 countries.

                  MuchBetter

                  MuchBetter is an e-wallet operating via a mobile app. It is not as widely used as other e-wallets but there are still some casinos that accept MuchBetter.

                  Pros and Cons of Payment With e-Wallets and Prepaid Cards

                  ✔️ Pros❌ Cons
                  Security of financial informationCredit cards can’t be used for topping up
                  Widely used across the world 

                  Mobile Casino Payment

                  Are you playing at mobile casinos? Not a problem! With the entire world in our pockets, managing payment between you and the casino is easy. There’s an abundance of payment methods you can use with your smartphone or tablet. In fact, there’s hardly any difference at all.

                  Use your bank cards or any of the available e-wallets. Most methods will have their own apps, like Skrill, Neteller, or PayPal. Whatever you use on a daily basis, the online casino is likely to use it too.

                  Best Ways to Transfer and Withdraw Money at Canadian Online Casinos

                  Mobile Casino Pay With Phone Credit

                  There are a few online casinos, not many though, that will allow their players to make deposits with their own phone credit. The simplicity of the idea is brilliant and we wish there were more of these casinos out there. For now, though, all we can offer is a limited list of casinos with mobile phone credit payments.

                  Boku

                  Boku is a casino payment method based on mobile billing. Boku allows you to make deposits using your phone’s credit or add the amount to the next phone bill. The downside is that you cannot withdraw with Boku, so you will need to select another banking option for that.

                  PayForIt

                  The majority of online casinos accept Payforit as a mobile payment method. Payforit lets you make deposits with just a few clicks, and the amount is charged to your phone bill. Casino players favour this payment option for its ease of use and convenience.

                  Siru Mobile

                  Siru Mobile casinos let you deposit using your SIM card and a phone number. This makes Siru Mobile by far one of the simplest and easiest ways to transfer money. Casino players will find a lot of mobile-optimised pay by phone casino sites that accept their Siru Mobile funds.

                  Zimpler

                  Zimpler is a deposit options that offers simple payments with your mobile phone. Several casinos have adopted this payment option, owing to Zimpler's simplicity and convenience.

                  Pros and Cons of Mobile Payments

                  ✔️ Pros❌ Cons
                  Ease of useMost mobile payments can’t be used for withdrawals
                  Play now, pay later 

                  Online Casino Deposits and Withdrawals With a Bank Account

                  Players who still want to use the good old-fashioned bank transfers to manage all financial transactions can rest assured that it’s also an option. Bank wire transfers require you to endure rigorous KYC procedures and are not the fastest online payment method.

                  On the other hand, banks come with better customer support, anti-fraud policies, and security. Not to mention, most online casinos accept wire transfers, whereas some of the payment methods listed on this page are subject to lower availability.

                  Pros and Cons of Withdrawal & Deposit via Wire Transfers

                  ✔️ Pros❌ Cons
                  SecuritySlow transaction times
                  Dedicated customer support 

                  Alternative Casino Payment Methods

                  Players who are not satisfied with the traditional casino deposit options can choose an alternative payment method from our list below. It is by no means all-encompassing as there are plenty of alternative deposit options available – too many to count.

                  Bitcoin and Other Cryptocurrency Payments

                  Since Bitcoin and cryptocurrencies became a thing, casinos quickly realised that they want a piece of the action. Casinos that accept Bitcoin, Ethereum, Litecoin and other cryptocurrencies are common thing these days since crypto gambling lets you keep your financial anonymity. The drawback is that your crypto coins are subject to greater volatility than standard fiat currencies.

                  Revolut

                  Revolut is a popular online casino payment method among gamblers. With Revolut, you link your debit card to an online casino account and then deposit the required amount. Players who use Revolut can make secure deposits and withdrawals, and they also get access to spending trackers that help keep their transactions in check.

                  Apple Pay

                  Available only to iPhone users, Apple Pay prioritises security and convenience. It is a fast way to deposit money on a casino site, and more and more top online casinos are choosing to support Apple Pay as a payment method. The downside of Apple Pay is that it only handles deposits; if you wish to make a withdrawal, you will need to choose a different payment method.

                  Google Pay

                  Google Pay is one of the most convenient deposit casino payment options at casino sites. It is a digital wallet that allows for mobile-based payments. Google Pay’s transaction data is protected by numerous security and smart-authentication measures. What’s more, Google Pay does not charge any fees to its users.

                  Pros and Cons of Alternative Deposit Options

                  Since the payment methods mentioned above are different from one another, there is no definite list of universal pros and cons.

                  In general, casino players who wish to deposit using an alternative method can expect fewer casinos available to them. In sheer numbers, casinos that accept Bitcoin or Google Pay are vastly outnumbered by betting sites that only support debit cards and e-wallets.

                  At the same time, there are probably exclusive offers available to gamblers paying with alternative payment methods. Since these options are less widely used, companies and casinos tend to employ monetary incentives to attract a player base.

                  Common payment options at online casinos

                  How to Choose the Best Casino Payment Method

                  With such a big number of different casino payment methods online, you may experience so-called analysis paralysis. Every online casino deposit method offers something different and unique, and most promise security, convenience and speed.

                  Which casino deposit options are right for you? To help you decide, let’s go over the most important factors when choosing an online payment method:

                  • Fees – fees are how most payment providers make a profit. Fees can be applied as a percentage, or as a fixed rate. The numbers differ depending on the operator, so pick and choose the one where the fees are less strict.
                  • Limits – most payment methods have certain limits on the number of funds you can make transactions with. These are especially important for high-roller casino players, as payment methods with low transaction limits are off the table.
                  • Transaction times – the speed at which your payment is processed can take from a few moments to several days, depending on the method you choose.
                  • Available currencies – even the most widely accepted payment methods do not support every currency. In such a case, an exchange rate and additional fees may apply.
                  • Minimum deposits – if you are not comfortable with gambling with large sums of money, you are better off using payment methods that let you wager a smaller amount.

                  No matter how efficient and easy it is to manage financial transactions online today, there’s always something to complicate the process. When it comes to online casinos, the T&Cs outline the rules for depositing money, accepting a casino bonus, and withdrawing your winnings.

                  One method might exclude you from bonuses, another might not be available as an option for withdrawals. Other options could have a large transaction fee attached.

                  Even if you’re an experienced online casino player, if you’re looking for a new casino, we do recommend that you look at the fine print. As they say, “the devil is in the details.”

                  Casino Deposit and Withdrawal Options: Fees and Limits

                  When it comes to withdrawal fees, deposit limits, transaction times and other relevant factors, payment service operators tend to be extremely transparent. This data is typically readily available on their official websites as well as licensed casino sites that support these payment methods.

                  Still, it can be a daunting task to collect and cross-reference all of this information. To help you see the difference between casino payment options at a glance, we’ve compiled this helpful table:

                  💳 Method💰  Fee⚖️ Min/max transaction
                  PayPalFree‎20-10,000 CAD
                  SkrillFree / 1-2.99%10-10,000 CAD
                  Neteller1.75%Up to 50,000 CAD
                  Apple PayFreeDepends on a casino
                  TrustlyUp to 1.25%10-10,000 CAD
                  PaysafecardUp to 5%10-1,000 CAD
                  RevolutFree / 2%200 CAD
                  Bank wireFree / £1010-10,000 CAD

                  Fastest Casino Payments

                  Whether you’re using credit or debit cards, e-wallets, bitcoin, or any other of the many payment options available today, most payment service providers online will accept your funds in a matter of seconds. The difference lies in how quickly they can process your withdrawals and whether they offer this option, to begin with.

                  If you want quick casino payouts, there are a lot of casino fast withdrawa methods available to you.

                  The good old bank cards like Visa and Mastercard have always worked and will continue to be common withdrawal methods. Keep your eyes open for extra costs when using these options. Also, keep in mind that you’ll always have to wait up to 3 to 5 bank days for the bank to process your transaction.

                  E-wallets like Skrill, Neteller, and Trustly provide much faster withdrawals from any online casino account than bank cards do. You don’t have to wait for the 3 to 5 bank days it always takes to get your money in your account.

                  E-wallets are instant. They’re very efficient and widely used, just look up the T&Cs if you want any bonuses. There are cases where you can’t use e-wallets to withdraw winnings from bonuses. Read up on terms and conditions to see if there are any limitations that your online casino applies.

                  When it comes to fast withdrawal casinos, we need to also differentiate between them as there are distinct categories:

                  • Instant withdrawal casinos – this type of withdrawal is near-instantaneous and at max takes a few minutes.
                  • Same day withdrawal casinos – this type of withdrawal happens within one day, so if you send a request in the morning, you can expect your funds to arrive by evening.
                  • Under 24 hours withdrawal – as the name suggests, this withdrawal promises that you will receive your funds within 24 hours after sending a withdrawal request.
                  • Under 48 hours withdrawal – although it takes a couple of days to process, payments received in under 48 hours still count as fast withdrawals.

                  Here is a helpful table to see how fast you can expect your deposits and withdrawals to take when using different casino payment options:

                  💳 Method⏱️ Deposit time⌛ Withdrawal time
                  PayPalInstantInstant
                  SkrillInstantInstant
                  NetellerInstantInstant
                  Apple PayInstantInstant
                  TrustlyInstant1-2 days
                  PaysafecardInstantInstant
                  RevolutInstant1-5 days
                  Bank wireSame day1-5 days

                  Safest Casino Payments

                  All financial transactions are done via encrypted methods and SSL networks. That means that all payment methods are equally safe, whether it be Bitcoin, e-wallet, or bank payments.

                  As long as you’re playing at a safe casino, all financial transactions are 100% safe.

                  How to Deposit and Withdraw From Your Casino

                  This brief guide will help you make quick deposits and withdrawals at your casino of choice. Although there are many payment methods and online casinos to choose from, most follow more or less the same payment procedures.

                  How to Make an Online Casino Deposit

                  1. Find the right casino online. If you don’t have one, check out our reviews.
                  2. Sign up for an online casino account and get any applicable bonuses.
                  3. Go to the “Cashier” section and choose your preferred payment method.
                  4. Follow the instructions (which may vary depending on the payment method), then confirm your deposit.
                  5. Check your casino account to verify the money is there and start playing.

                  How to Withdraw Your Casino Winnings

                  1. Log into your online casino account.
                  2. Confirm if you have enough funds to initiate a payout.
                  3. Go to the payment section and select Withdrawal.
                  4. Choose the payment method you would like to use and follow the instructions.
                  5. Verify the amount, then submit your withdrawal order.

                  Unlike deposits, withdrawals may take some time but are usually processed within 24-48 hours. Depending on the payment service provider, the processing time can take as little as a few minutes.

                  Frequently Asked Questions

                  What are the most popular casino payment methods in Canada?

                  In general, Canadian casino players tend to use debit cards, e-wallets, mobile payments, and cryptocurrencies for online gambling.

                  More conservative players may also use wire transfer for deposits and withdrawals, although this payment method is a bit slower than the abovementioned options.

                  Do casinos charge fees for withdrawing money?

                  Yes, some casinos may apply additional fees when you are withdrawing money. Always make sure to check casinos' terms and conditions to avoid unnecessary gambling expenses.

                  Are cryptocurrencies used for online gambling?

                  Yes, crypto gambling is becoming more widespread every year. You can use cryptocurrencies for deposits and withdrawals at many online casinos, but make sure to check which crypto coins they support.

                  Can I use the same payment method for deposits and withdrawals?

                  Generally yes, the same payment method can be used for both deposits and withdrawals. Be wary that there are exceptions to this rule: for example, pay by phone bill services only allow deposits. If you wish to withdraw your funds, you need to choose a different banking option.

                  Are there any instant withdrawal payment methods?

                  Yes, there are payment methods that offer instant or near-instant withdrawal times. Neteller, Skrill and PayPal are usually cited among the payment methods with the fastest payout.