The era of online gambling arises with the popularity of mobile casinos among people. People started playing their preferred casino games and slots on their mobiles, tablets, and computers. Moreover, after the pandemic, the sphere of online casinos is growing more rapidly. Similarly, the number of new online gamblers and players is increasing day by day in Canada also. On the other hand, online gambling for real money also involves some risks. In such a situation, it’s very important to find some legit and genuine online casinos for safe gambling with real money. No doubt, protected payment methods are extremely crucial under such circumstances. We will discuss banking methods that are safe and accepted by Canadian casinos.
Perks of Online Banking in Canada
Due to the latest technology developments, everything is online, so people can handle their funds easily. No doubt, the internet helps them a lot in quick and easy money transfer in the safe way around all over the globe. No, doubt online banking is the most essential thing which one online casino needs. Moreover, all legitimate online casinos have several significant banking options. All of them are safe and people can easily transfer funds without wasting time. Furthermore, some of them also offer additional services. You can utilize them for gaining more benefits. Some special banking options are available for Canadian players for their playing convenience.
What Categories of Banking Methods Are Accessible to Canadian Players?
Online casinos propose some fantastic banking opportunities for Canadian resident. These options include Prepaid cards, E-wallets, Bank transfers, Cryptocurrency, Credit cards, Instant banking, Mobile Payments with several available choices for all.
Let’s consider more some crucial perks of the banking feasibilities available.
Instant Banking
Being one of the fastest methods of payment, instant banking will permit you to connect your online casino platform website with your bank through an intermediary party. People can use this scheme for the seamless and expeditious transfer of funds. You have to write your cheque or banking number in the payment or banking section and then click submit. After a few minutes, the funds transfer to your casino account will be complete. There are the following options of Instant banking available:
- InPay
- Echeck
- PremierPay
- iDebit
- Citadel
- InstaDebit
Debit or Credit Cards
No doubt, Master Card, and Visa are famous payment methods for playing in online casino games for real money. On the other hand, there is little risk in using this method. Maybe, your bank rejects the transactions to these casinos. This is because some banks restricted all transactions related to online gambling. But, this banking method is working for some online casinos for Canadian residents. But, it’s quite better to use other techniques that are listed below.
E-Wallets
These are a perfect gateway between your favorite online casino and bank account. Furthermore, it allows you to deposit money on your online casino platform without giving any bank account details. There are following E-wallet options are available for Canadian players:
- MuchBetter
- Jeton
- Webmoney
- EcoPayz
- SticPay
Pre-Paid Cards
Pre-paid cards are another fantastic option for all those who can’t use e-wallets or credit cards. You can use them for purchase in various outlets with serial numbers or pins. The famous pre-paid cards involve:
- Revolut
- Flexepin
- Paysafecard
- Neosurf
- Vanilla Prepaid
- Entropay
Bank Wire Transfer
Another famous but little out of date way is bank transfer. No doubt it is impeccable for those who are in regular contact with the bank. People can contact the bank with the details of the casino’s bank for wire transfer arrangements. Moreover, even in the case of a wire transfer, there is no necessity to give your bank details to the casino. But, you have to find out which bank of Canada allows direct transfer to any online casino. By the way, you can get all data associated with online casinos on SlotoGate easily.
Payment via Mobile
Nowadays, people become super-fast and want to complete their tasks within seconds. That’s why the mobile payment method is quite popular nowadays. Due to this reason, several online casinos also enable Canadian online players to fund their accounts through mobile payment systems.
Cryptocurrency
No doubt cryptocurrency is an interesting thing. That’s why it is an attractive option for online gamblers. Moreover, it is a safe and quick way of transferring funds without any difficulty. But, it is still, not accepted by all online casinos of Canada. But, most of them accept this type of payment method for the player’s convenience. Furthermore, new users find it a little difficult to handle cryptocurrency and its conversions. Another issue associated with digital currency is its price volatility. The further options of digital currency are used by Canadian online players:
- Bitcoin
- Ripple
- Litecoin
- Etherium
- Tron
- Dash
- Lisk
Withdrawal of Your Winnings
The overall time your winning takes to withdraw depends on the selected banking method and the kind of casino. No doubt the withdrawal time also differs from one online casino to another. But, mostly, it takes 8 to 10 days. However, through instant banking, you will get your amount instantly. Other than this, the type of casino also matters a lot in this case.
Pending withdrawals and Restrictions
An important thing to keep in mind is that quick transfer of payments is very rare. Most of the online casinos keep your payment in a pending withdrawal for a long period. Due to this reason, when you choose the withdrawal time, you have to estimate the whole time with casino pending withdrawal time. In this way, you can better know fund transfer completion time.
Moreover, all payment methods are not supported by all online casinos and banks. Some casinos have their withdrawal restrictions, including time, amount constraint, specific withdrawal restrictions, etc. So, there is a chance to face some difficulty.
Wrapping Up
In various countries of the world, online gambling is legal like in Canada. But, still, there are lots of risks in online gambling. Whenever you are using real money to play casino games online, select a genuine resource for gambling. No doubt it is very significant for the security of your money. Moreover, utilize the banking method that suits you to prevent any financial complications. Always try your best to select a transparent, safe, and convenient atmosphere for online gambling.