Legal and regulated in Ontario
With Ontario launching the country’s first legalized and regulated gambling market, the options open to the province’s iGamers are enormous. They have the broadest possible choice of casino operators and gaming opportunities. From blackjack and roulette to online slots and betting on soccer, the licensed commercial operators really do offer the full spectrum of games.
Casino Payment Methods in 2023: Complete Canadian Guide
How to choose an online casino
Some of the top casino platforms have thousands of games to choose from. There is also a great selection of live dealer games where a real croupier is beamed into your home. It is the closest you can get to a bricks-and-mortar casino without taking a step outside. So how do you know where to place your bets, and what is the best way to play? Should you opt for a Pay-By-Phone, Interac or Paypal casino online? Here are a few things to think about before making your deposit.
Check the licenses
Check that any online casino you want to play at has the correct licenses. In Ontario, these will be issued by iGamingOntario in conjunction with AGCO. Licensed casinos have to adhere to a strict framework to ensure players are protected from potential harms associated with gambling. In addition, someone is on your side if anything goes wrong with your account, payments or any other query you might have. So however you want to pay, do not risk your money at an unlicensed casino.
Choose your promotions
Online casinos also offer plenty of bonuses and promotions to tempt you to play at their casino rather than a competitor’s. It is well worth looking at what is on offer as it can vary enormously. This is particularly the case with deposit match bonuses. Some online casinos will match your deposit in excess of one thousand dollars. That is an opportunity not to be sniffed at. However, you need to look at the wagering requirements and other conditions relating to these promotions.
So many choices
Having checked that the casino has the games, the license and the promotions you want, you will need to set up your account and make a deposit. On the one hand, this is straightforward; on the other, the payment method options can be mind-boggling. So how do you know which one is best for you?
Remember, platforms must be secure
First things first, remember that online casinos hold a great deal of your data. Unlike many other eCommerce sites, you have to verify your age and address. In addition to this, you might have to share sensitive financial data. That is precisely the type of data that cybercriminals and hackers would like to get their hands on. So proceed with caution.
Another sure sign that you are dealing with a reputable casino is their choice of payment partners. Big international companies like Visa, PayPal and Mastercard would not offer their services to dodgy dealers. Therefore, the payment methods on offer are another key indicator that you are in good hands. The best online casinos in Canada will offer you a combination of the following payment options. You should choose the one that best suits you.
PayPal is the number one choice for secure deposits and fast payouts. You only have to share your email address. Deposits are usually sub five minutes, and withdrawals are back in your account within 48 hours.
Interac is easy to use, as everyone has it in Canada. Deposits and withdrawals are swift, with additional security features like payment confirmation.
Instadebit is a bank-to-bank payment option that you can use at a handful of online casinos in Ontario. This payment method offers relatively speedy deposits and withdrawals.
eChecks have been around for a couple of decades. Robust security protocols have kept them relevant. Fees are lower than for credit cards. They are popular with the big rollers as eCheck payments have higher limits than other payment methods.
iDebit allows players to transact from the gaming site to their online bank accounts. Transactions using iDebit are fast, easy and secure
Amex is not currently accepted at Ontario’s casinos, but it is expected this will change soon.
EcoPayz works similarly to PayPal. It is an eWallet that is popular with online gamblers. It keeps wagering funds separate, and players fund the eco account through their bank.
Bank transfers do what they say on the label. They are convenient and secure. However, while deposits are fast, withdrawals can take up to five days to clear.
MuchBetter was founded in 2016 and is an award-winning payment app designed specifically with online gambling in mind. It is safe, fast and secure.
Apple Pay and Google Pay are third-party e-Wallets that allow players to make deposits without sharing card information. As a result, Transferal of funds to your casino account is instant.
Mastercard and Visa are accepted on almost all online casino sites. Standard speeds are instant deposits, with withdrawals taking up to three days.
Paysafecard offers prepaid codes that bettors can use to fund their casino accounts.
Neteller is a specialist online casino electronic wallet. Deposits are instant, and payouts are fast. However, it is not available in Canadian casinos at present.
Zimpler is a pay-by-phone service that transacts via phone number. Unfortunately, it has yet to reach Canada.
Trustly is an e-wallet-like method that is highly convenient. Like other e-wallets, it puts an extra layer of protection between the player and the casino. This means the casino does not store sensitive payment data.
Skrill is a top-rated online deposit method. However, it is currently unavailable in Ontario casinos.
Neosurf is similar to Paysafecard. It allows players to buy prepaid voucher codes to make online deposits. There is also the option of setting up an online My Neosurf account and paying through that.
Ultimately, as Mark Twain said, ‘you pays your money, you takes your choice’. So choose wisely and have fun.