The following deposit methods are most frequently used by Canadians playing online casinos:
- Visa
This is undoubtedly the most trusted, fastest and widely accepted form of payment across the world. Your deposit is processed automatically and you can start playing right away. Ensure when entering your details that they are correct to avoid having your deposit rejected. Pay odd instead of round numbers as an additional security measure to prevent any fraudulent activity on your account. VISA payers are issued with monthly statements detailing all transactions, interest, fees and balances.
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- PayPal
A very popular form of payments for Canadians, PayPal – also known as web or e-wallet, is secure, convenient and amazingly fast. It basically acts as a payment gateway between two bank accounts. Once an account has been registered, users are immediately able to transfer loonies to their casino account by clicking on the PayPal logo displayed on the casino’s web page and following the instructions. Withdrawing winnings is just as easy – once the casino transfers the funds to your PayPal account it can either be used as credit to fund future transactions, or be transferred to your bank account and then drawn as cash.
- EntroPay
EntroPay is a prepaid virtual alternative to a physical VISA card. It is merely a service and not a bank account. Signing up is painless and you can have more than one user account. Once the account is registered, a VISA card number, expiration date and CVV code is issued to allow you to effect transactions as you would from a normal VISA card. But to be able to make deposits, you need to fund your EntroPay account via traditional methods first. Then click the EntroPay logo on the casino’s site to complete the transaction into their account.
- Instadebit
InstaDebit allows only Canadian-based players to make charge-free cash payments to online casinos directly and instantly from their bank accounts. The sign up process is done in two easy steps. InstaDebit runs approval checks before account activation and user information is protected through TRUSTe.
After sign-up and approval, users need to click on the InstaDebit link on the casino’s web page to activate this method for future transactions. Purchases are made through the use of email and password identification. Withdrawals are a breeze as winnings are transferred to your InstaDebit account from where it can be used again for casino payments, online purchases or deposited back in your bank account to withdraw as cash.
- UKash
The Ukash method is used by most Canadian slot players when making secure online deposits. Unlike other prepaid transaction services, customers can purchase prepaid vouchers at various outlets. These vouchers are then used for casino deposits by clicking on the Ukash logo on the banking page of the particular casino, and entering the serial number displayed on the voucher. In this way the voucher has been claimed and you have an immediate cash balance available to play with. Ukash vouchers don’t carry any additional service fees nor do they require any personal data imput. This makes them cost effective, anonymous and secure, and being pre-paid they’re a great buffer for overspending on your budget!