Online casino payment methods on the web are in most cases the same. Once you know the process on one site, you almost know it on other betting sites. Therefore, you can read our introduction to payment at online casinos below.
Payment at Canadian casinos
There is a specific selection of payment methods that have been approved by the Kahnawake Gaming Commission in Canada for depositing and withdrawing at online casinos. You can't pay with cryptocurrency yet, but maybe it will be accepted in the future.
In writing, you can normally pay with Dankort, VISA, MasterCard, Maestro and similar payment cards, which are already widely used in Canada. In addition, e-wallets such as Neteller, Skrill and PayPal have been approved by the Kahnawake Gaming Commission. You can also pay via online banking with Trustly. Of course, it is also possible to pay by bank transfer. You can also pay with mobile payment methods such as Apple Pay and MobilePay.
Online casino payment methods for deposit and withdrawal
The Gambling Authority in Canada has stipulated that casino players must always choose the same method for deposit and withdrawal. It is a move to make it easier to deposit and withdraw when playing slot machines, live roulette and other casino games. Note that foreign casinos may also require you to choose the same method. You can always read this in the site's terms of use.
Minimum deposit for casino bonus
When you pay at an online casino, it is not only important to know the payment methods. Each individual game site also has a minimum deposit both in general and to receive bonus offers.
The best gambling sites have low deposit limits. It is available as low as EUR 40. Standard is around 50 to 100 EUR. At other times, the minimum deposit is EUR 200. It's a bit high, but it's still worth paying.
Play at the casino with cryptocurrency
You can also play at the casino with cryptocurrency. In this connection, however, you must be outside Europe. It is not necessary to move physically, but instead to play at online casinos outside the EU. You are allowed to do so, as you can choose where you want to play at an online casino. However, remember that if you play at online casinos outside the European Union, you must pay tax on any winnings.
How quickly is payment made?
Many people also choose payment methods for online casinos depending on how fast the payout method is. Usually, e-wallets are the fastest withdrawal method. It can be anything from immediate to within 12 to 24 hours. Bank transfer via online banking, typically with Trustly, can also be fast.
Many people also choose payment cards such as VISA or Mastercard. Payment can take between one and three working days. At certain casinos, it takes up to five working days. This usually does not depend on the game site, but on the payment card provider. Typically, several days do not pass, but it can happen.
Certain payment methods only apply to deposits. Normally, you can only pay with Trustly and PaySafeCard, and you want a transfer to your NemKonto or similar as an automatic payment. You can always check this information on the payment methods page of the specific online casino.
The fee-free online casino payment methods
Virtually all online casinos offer payment methods without fees. There is now so much competition in the iGaming market that it does not make sense for them to charge fees for deposits and withdrawals. Certain gambling sites charge fees if depositing or withdrawing below a certain limit. It's rare, but maybe it's not the best casinos to choose.
Other gambling sites set a cap on how many times you can deposit or withdraw per day, week or month. Again, it may be better to avoid such pages as it makes the process more complicated to understand.
Trust the online casino with your payment card details
You can easily trust gambling sites with an MGA license or a license from the Kahnawake Gaming Commission in Canada with your payment card information. The gaming sites comply with EU regulations for the processing of sensitive data.
If you prefer not to provide your payment information to the online casinos, you can also choose more discreet payment methods. For example, you can choose e-wallets such as Skrill, Neteller or PayPal, and that way you do not have to enter your payment card details at the online casino.
You can also choose online banking via Trustly and thus protect yourself more. Remember, however, that gambling sites go through an extensive application when they apply for a license from the Kahnawake Gaming Commission in Canada. They are also regularly checked to comply with the Gambling Authority's rules on encryption, bonus rules, fair play, etc.
Which online casino payment methods are best?
Finally, it is interesting to review which are the best online casino payment methods. It largely depends on what you prefer. For example, you prefer to avoid entering your payment card details directly to the online casino. There Neteller, Skrill, PayPal, and Trustly are possibly your best options. However, these payment methods may be excluded from bonuses at certain gambling sites.
If you prefer a more widespread payment method in Canada, which you may already know and trust, there are several options. It can be Interac, Paysafecard, VISA and the like. Several casinos also offer the option of transferring directly to your account to ensure that the payout lands with the correct person.
If you are looking to play with cryptocurrency, you have to be outside the European Union until now. It is not yet possible at MGA casinos and gambling sites with a Canadian license from the Kahnawake Gaming Commission. Maybe it will be possible at some point, but that is not the case at the moment. However, remember that you have to pay tax on any winnings.