Casino Deposits and Payouts
When it comes to gambling online, being able to make fast, secure casino deposits is an absolute must. In Canada, all top-rated online casinos offer players a wide range of banking options to suit all types of players. Choosing the right banking method can go a long way to improving your overall casino experience. This is something that every player should consider before they sign up.
If you are thinking of signing up for real money play, have a look at the below list of deposit and cashout methods that best suit your needs.
Credit Cards for Deposits and Cashouts
For casino deposits, the most widely accepted form of payment is the credit card. In Canada, online casinos accept all major credit cards including Visa and MasterCard. Credit card casino deposits are fast, secure and do not require players to sign up for any third-party payment systems. Credit cards deposits are instant and can be used at multiple casinos for multiple deposits. Credit cards can also be used for withdrawals. Players can simply cash out their winnings directly into their credit card account and use one card for all their banking needs.
Debit Cards for Casino Deposits Only
For players who don’t own a credit card or who would prefer to keep their credit card for other purchases, another option is to use your debit card to fund your account. Debit cards such as Visa Electron or Maestro cards can be used in exactly the same way as credit cards for instant secure casino deposits. The only downside of debit cards is that they cannot be used for cashouts and need a separate system for withdrawals.
Internet Transfers for Deposits and Cashouts
While it may not be the fastest way to fund your account, internet banking transfers are simple and safe. They are especially useful when you want to make large deposits with lower transaction fees. The downside is that some transfers can take up to 5 days to process and for the funds to appear in your account. This is mostly the case with international wire transfers but the amount of time all depends on the financial institution. When it comes to cashing out, bank transfers are actually one of the most common methods of withdrawing online casino funds. In the casino cashier section, players in Canada can insert their banking details and cash out their winnings into their private bank account. This can take anywhere from three to seven days to process.
Instant Payments for Casino Deposits Only
For players that do want to make an Internet transfer but want to have the ability to play straight away, there is a solution. Players can use an instant payment service which acts as a banking proxy between your local bank account and the online casino. Players simply select this service in the cashier section, find their bank from a dropdown list and make an Internet payment using their own internet banking site. The payment service will then facilitate the transfer into the casino account for an instant deposit. Instant payment services can only be used for deposits and not for cashing out.
Web Wallets for Deposits and Cashouts
By far the most secure way to make a casino deposit is by web-wallet payment. Web-wallets like Skrill, Neteller and Paysafe require players to sign up for an online e-wallet account and fund the account independently from the casino. Players can fund their e-wallet account by local bank transfer by credit card or by transferring funds in from another web-wallet account. Web-wallets can be used to make instant online casino deposits at all major online casinos in Canada or anywhere in the world.
Web-wallet payments give players in Canada an extra degree of security, as the casino never has access to your banking details or credit card details. Web-wallets can also be used for casino withdrawals. In fact web-wallets are the fastest way to withdraw your winning with processing times raging between 24 hours and 3 days.