Traditional gambling was easy – you just go to the nearest casino and start playing. Today, however, you can find lots of online gambling websites with many different options for new players. Payment options are only one of those features that beginner-level users often can’t figure out.
You’ll find different options here, and you’ll recognize most of them. But we won’t elaborate on all transfer methods, as our goal is to focus on the ones that players actually use.
So, what are the common payment methods in Canadian online casinos? We’ll discuss the usual suspects that you’ll see whenever you visit the best paying online casino. Read on to learn about your depositing options on local gambling websites.
Credit cards
This is the most popular payment solution for online gamblers in Canada. That’s because almost everyone has Visa or MasterCard these days. According to the report, more than 82% of the population owns a credit card, or nearly 30 million people. You probably have it in your wallet all the time, so it’s easy to use and convenient.
However, some players don’t use credit cards for online gambling due to security concerns. To address this issue, many online casinos in Canada consider implementing two-factor authentication to add an extra layer of security.
E-wallets
If you don’t know what an e-wallet is, just think of providers like PayPal and Skrill. E-wallets have also become popular because they are convenient and speedy. Dreamz casino and similar platforms often offer exclusive bonuses for players who use this payment method. For example, you’ll probably stumble upon a platform with 10% bonus for all deposits made using PayPal.
Cryptocurrencies
Cryptocurrencies are not just hyped anymore. On the contrary, they are a regular payment option, and you can see it on gambling websites. A study even shows that over a billion people around the globe use crypto money. This mostly has to do with their speed and anonymity.
But there’s another benefit we need to explain.
Namely, crypto coins use advanced cryptography to secure transactions. This makes Bitcoin (or any other type of crypto money) virtually impossible to hack or counterfeit. Online gambling can’t get more secure than that.
Bank transfers
Bank transfers are a secure payment option for Canadian gamblers. But you already know they come with the drawback of being slow and cumbersome. Even though most gambling websites still offer this option, it’s hard to find a player who actually uses it in 2023. If you know anyone, make sure to let us know.
Prepaid cards
With a prepaid card, you can make deposits discreetly to avoid any awkward conversations. It’s like a secret club for online gamblers. However, the only membership fee is your initial deposit.
In addition, it’s much easier than dealing with all the hassle of traditional banking methods. No need to worry about overdraft fees or credit card interest rates. Just load up your prepaid card with the exact amount you want to spend, and you’re good to go.
Another benefit is that prepaid cards help you control your spending. It’s like setting a budget for yourself, but instead of trying to resist the temptation of dipping into your savings account, you’re physically preventing yourself from going overboard.
Pick your payment method wisely – and consider a few more things
Online gambling in Canada is great because you can customize almost anything, and that includes picking a payment method that suits you best. But we don’t want to end our post like this. Instead, we will remind you to pay attention to a few extra details before you start gambling.
You probably know the drill – it’s critical to pick a credible casino and exploit bonus offers. Pay attention to the security features, and don’t neglect the importance of game selection. If you take all these things into account, rest assured you’ll be having a great time at your favorite online casino.
