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Published date 19 October 2020

Preferred Deposit Options for Online Casinos

One of the most important aspects about making a deposit at an Online Casino is the safety of your details and hard earned cash. When it comes to making online deposits, there should be no doubt in your mind that the casino where you are making a deposit, is 100% secure and private.

Furthermore, you should ensure that they use only the very latest and best encryption technology and industry best practice for data protection, to give you that added peace of mind.

At SlotsOnlineCanada.com we will only recommend reputable online casinos where you can be assured of this level of protection.

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Make Secure Deposits at these Top Rated Online Casinos

Web Wallets Vs Credit Cards

Web Wallets are essentially alternative methods to pay for goods or services online. They differ from traditional credits cards in that you must first load cash onto the virtual wallet before you can spend a cent.

This trend has grown from strength to strength in Canada as it is a safe way to set a monthly or daily budget, which will go a long way to helping you control your entertainment at the slots.

More important however, is that because there are ‘limited’ funds available, in the unlikely event that someone does manage to get hold of your card and details, you are only at risk of losing what the remaining balance is on the card. If such an event occurs, please contact the Web Wallets fraud division so that they can advise you on how to cancel or stop any purchases from being made. There is one more advantage of using these web wallets and that is an additional bonus of say for example 10% when you deposit using these methods. However, you will need to do a little research as it generally depends on the web wallet brand and / or casino.

How to make a deposit at an online casino

The process to fund your online casino account varies from one site to the next, but it usually comprises of these simple and straightforward steps that can be carried out within a few minutes:

  • Log into your profile and go to the cashier’s section where you will find all the available payment solutions that casino has to offer.
  • Select your chose method and supply your personal and financial information as prompted.
  • Decide how much you would like to deposit and enter the amount in the relevant field.

Most popular deposit options at Canadian Casinos

Security & Fraud

Security and fraud are always a concern when gambling online with real money, as it should be. At premier online casinos this issue is of utmost concern, and such establishments go out of their way to ensure you feel completely at ease when signing up because ultimately, they want loyal players who keep coming back to them.

To create a safe and trusted environment, casinos employ tools such as SSL encryption, protocols, systems and world-class technology as used by leading banks and financial institutions to protect your personal and financial information.

You can also play your part in making sure you are protected online by doing the following:

  • Make sure you connect to a secure Wi-Fi network. Under you Wi-Fi settings, make sure that you don’t allow your phone to automatically connect to any unsecure network
  • Only ever play at casinos that are licensed and regulated
  • Look for casinos that support multiple trusted banking methods
  • Keep your casino login details private
  • Always read through a casino’s privacy policy before signing up

Setting Deposit Limits

By using pre-commitment tools which allow you to limit your gambling spend.There are currently a number of options available to help you curb your spending, such as play limits, deposit limits, bet limits and loss limits.

As you can see from the example below from Royal Vegas casino, reputable gambling sites will always encourage you to play responsibly when engaging with real money slots. These limits are manually set and can be changed at a place and time of your convenience.

deposit limits
Decide how much you want to spend on your gaming entertainment & set deposit limits

The deposit limit as highlighted here stipulates the maximum amount of money that you can deposit into your casino playing account at any given time. Some of these limits imposed by online casinos are voluntary i.e. you can decide whether you want to take advantage of the gambling management tools, while others are mandatory i.e. you have to set a limit you want to access the site’s games.

Withdrawals – Getting Your Money Out

Withdrawals are the most critical part to playing at any online casino, especially after your big win on the slots machines. Before your first withdrawal can be made you will need to provide KYC documentation.

These documents are generally things like your ID document, Utility bills or Drivers licenses etc. Simply scan them into your computer and email them across to your VIP host or the casino support desk. They will take care of the rest and then you can rest easily knowing that you can get your winnings out quicker.

If you prefer living life on the edge and focusing your time purely at the slots, then when it comes time to withdrawing, you will be asked to provide the documents as mentioned above. Why you may ask? The casino isn’t really being difficult; it’s just a measure to protect you from any fraud taking place – a great way to protect your cash.

Your withdrawal request will then enter a pending period (minimum 24 hours), during which time you will be able to reverse your withdrawal, should you wish to do so. Your withdrawal will be processed on the day in which it is released from the pending period.

USeful tip One final note

Different banks have different processing times and holidays and weekends also can delay the process further.

deposit limits
Making a withdrawal is fairly straight forward