Payment methods in Canada

When it comes to money we should be careful. It is really important to choose the right payment method. One of the most essential things about online casinos is the opportunity to make easy, quick and secure deposits and withdrawals. There are plenty of different options to deposit and withdraw in online casinos for canadian players. All of the payment methods have both advantages and disadvantages. It is up to you what method to choose so that it could meet your personal needs.

We would like to give you a brief guide of the payment methods available for canadian players. After reading this article it will be easier to understand what is the best payment way for you.

BITCOINS

All of the top online casinos accept bitcoins. Bitcoins are gaining more and more popularity among players in the land of the maple leaf due to the following reasons.

First of all, this payment method is preferable for those players, who would like to stay anonymous on the web. Your personal information is hidden from other people’s eyes.

Secondly, you are able to deposit anywhere and anytime. There is no central authority which controls the value of transactions. You can control moving your funds to and from online casino where you play.

This is the most effective and speedy method to transfer your funds. Transactions are cheap and secure. It is not surprising that bitcoins are used worldwide. As you can see using bitcoins is much more comfortable in comparison to other payment methods.

CREDIT CARDS

Some players prefer to use a credit card. Credit cards are accepted in a great number of online casinos. Depositing is very easy and quick. But there are many disadvantages. Usually the process of transferring money to a credit card takes up to 5 banking working days. It is really long and tiresome. Moreover, most of online casinos will ask you to upload photos of your credit card. It is a standard verification procedure, which is used to prove that you do not use a credit card belonging to someone else. Do not forget to hide the numbers in the middle of the card number for security purposes.

PREPAID CARDS

This is one of the safest payment methods. Prepaid card is a card which is not connected to a certain bank. It is simple in use. You can just buy a card and deposit a certain amount of money. The problem is that it is suitable for depositing only. Withdrawals are usually made to the same payment method you used when you deposited. That’s why this method is not comfortable.

E-WALLETS

E-wallet is a nice alternative to a credit card. E-wallets are widely used because they are much faster than using credit cards. One of the most popular e-wallets is Skrill. It is a trusted payment method as it has global reputation. You can easily monitor your finances with the help of e-wallets. The risks of fraud are minimized. E-wallets have highest standards of security. You don’t have to enter any bank details.

BANK TRANSFER

Many casinos accept bank transfers. You can make a deposit directly from your bank account. It is a reliable option. All of your transactions are protected. For a withdrawal you should fill in the necessary banking details. Unfortunately, there can be some delays after your cashout is approved. It is important to remember that the process of withdrawal to bank transfer can take about 3 banking days. This is one of the bank transfer’s drawbacks.