Payment Methods

Casino games are some of the most exciting and thrilling games anyone can play. What makes the games as thrilling as it is, is the involvement of real money. The essence of any casino game will be lost if the risk of losing real money or the joy of taking home a large amount of bankable money is taken away. Now since players’ real money is at stake in the game the provided transaction or payment methods play a vital role in deciding the stand of an online casino. Canadian casino lovers are blessed when it comes to payment methods accepted in the online/mobile casinos available for the country. We, at Live Casino Bonus Canada, provide you with all the short and long details about the payment methods available for the Canadian audience.

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The payment methods available for Canadian players

There are a number of payment options available for Canadian players. The advancement in technology and the demand for better payment methods has forced casinos to gather a plethora of trustworthy payment methods for your country. Have a look!

This is the world’s most widely accepted payment method across all types of casinos. Credit and debit cards are an easy way of payment as they avoid the risks of money miscalculation and money theft. These cards are powered by some of the most secure encryption technology of the world making it a highly secure method. Apart from this, these can be carried in a small section of your wallet, unlike cash.

Prepaid cards are a little different from credit cards or debit cards. These cards can be bought with a predetermined amount and then when you want to make an online payment, you will only be asked for the card number. Your card details will be verified and the amount will be deducted or credited instantly. This online payment method is not available in all countries but thankfully Canada is not among the left out.

Also popularly known as wire transfers, bank transfers are one of the most secure methods of depositing money in an online casino. Withdrawal is also secured but the time taken to withdraw your money is mostly a minimum of 72 hours. This duration is quite long as compared to the instant depositing facility. Apart from this, the payment method has another disadvantage, that is, the charges imposed on withdrawing money through this method. The transaction charge varies from casino to casino and bank to bank.

Mobile payment methods are a relatively new mode of payment as compared to the top three on the list. Being a new payment method gives it a few benefits over other methods. One of them being the freedom to transact without revealing your bank details to the casino. Prepaid card services can also be brought to this category if the transaction is being done through mobile.

E-wallets are often confused with mobile payment methods, however, the two have significant differences. The biggest advantage of E-wallets is that the transaction done through this method is instantaneous, deposit and withdrawal included. Famous E-wallets used across online casinos are Neteller, ClickandBuy, Ezipay, and Ecocard.

Apart from the normal mobile payment methods and E-wallets, there are payment options also, like Paypal. Paypal is a widely accepted payment method in almost all casinos mainly because of its trustworthiness and instantaneity. You can fund your Paypal wallet by adding money from your bank via debit card and the amount will stay there for as long as you want. Similar to Paypal, Trustly is also a good transaction method for Canadian players.

Verdict on payment options for Canada

Thanks to the advancement in technology, there are a plethora of payment options any Canadian casino player can opt for. All the payment methods have their own pros and cons. According to the method that suits your bank and convenience, Canadian players can now opt for the best method for themselves.