One of the most important factors before choosing an online casinos is its money payment methods. If you are in Canada you should choose an online casino whose payment methods suit your needs. In this article we will talk about all the most common payment methods in Canada, starting with a specific one that is a boom today
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Interac Bank
When it comes to various non-traditional electronic payment services, such as e-wallets and similar casinos, they often limit transactions to deposits only and then require a bank transfer for withdrawal.
To make sure of how things work in the casino you wish to play in, it is necessary to carefully read the Withdrawals and Deposits sections of the Terms and Conditions.
As Interac is a service offered through banks and credit institutions, you will need to qualify for a bank account under Canadian law.
The main advantages of Interac are that it is a modern, fast and secure way to transfer money and make payments online.
Specifically, for casinos and gambling, their online service is very good, as it allows users to deposit money into their casino accounts without exposing their bank account numbers, limiting the possibility of damage if the casino acted bad faith or was hacked.
A big advantage of this method is the ease of service in Canada with many merchants accepting it, as well as the fact that a large number of Canadians already use Interac for their debit payments and can therefore easily start using the rest of services from the comfort of their homes using an electronic banking portal.
The best thing is the fact that the service is not anonymous since it depends on the banks, who by law have to collect user data.
Another drawback in our eyes revolves around the rates. As the provider is just a network of several banks, sometimes individual banks may choose to apply fees to certain actions for which another bank may not charge.
This means that users should check the website of their bank or a representative to find out if a specific type of transactions will come with associated fees or not.
Of course, the casino may have its own fees for certain deposits and withdrawals, so bettors need to be vigilant and understand exactly how they will be charged.
Other payment methods available in Canada
Credit card
Credit card payments have fast processing times and are generally not subject to additional carrier-imposed fees. However, this is something the user should verify as the processing fees apply to a specific casino. MasterCard and Visa are always accepted, while some operators may also offer Diners Club.
Prepaid cards
Prepaid cards such as Paysafecard, ecoPayz or EntroPay are generally accepted at online casinos, although you should verify this directly on the website as the availability of prepayments may vary. Withdrawals as a rule cannot be available based on a specific casino. When not, an alternative method such as bank transfer with Trustly or a traditional one will be possible.
Electronic wallets
Popular e-wallets like PayPal, Neteller, or Skrill are widely accepted by many major carriers. These typically enjoy instant processing, no additional casino fees, and an added layer of security as their details are not visible. Withdrawals are also possible: the money will simply be sent to your e-wallet account.
Cryptocurrencies
The last few years have seen an increase in the use of Bitcoin, with the trend of reaching the world of online gaming with increasing frequency. While currently only a few UK casinos allow Bitcoin deposits, in Spain this is not yet possible. The trend could grow in the future especially thanks to Bitcoin’s inherent anonymity feature.
Pay from mobile apps
You may be wondering how things work with payouts while playing on the go. Well, it really is nothing different from ordering your deposits and withdrawals than on a computer. Whether you play in a downloadable application or simply play in the browser with the help of an app, you will be able to manage your banking operations in the same way, simply by choosing one of the offered methods. Another nifty way for an online payment option, especially for small payments, is mobile billing, a type of payment that has been steadily growing in popularity in recent years. Simply put, this mode of payment allows you to charge the deposit amount on your phone bill.
Leovegas: The Best Online Casino with the best deposit methods from Canada
LeoVegas only uses payment gateways with proven reliability methods. The minimum you can deposit using Trustly, VISA, MasterCard, PaySafeCard, NETELLER or Skrill, is $10. Deposits are immediate, and you can start playing as soon as you deposit.
If you have not validated your account after registering, the system will only allow you to deposit $150. If not, the deposit fees established as a general rule are set at $600 per day. To request a withdrawal, the operator may ask you to verify your data by providing documentation that you will have to send them scanned.
The minimum that can be withdrawn is $20, with the same methods available to deposit (except MasterCard card). The processing time varies depending on whether it is a day of the day or a weekend, but from the moment your request is accepted, payments are made effective in 14h-5 days. There are no costs or fees from the casino.
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