Exploring the Safest Payment Methods Available to Canadian Online Casino Players

The world of casinos is always changing, and this means that the way people pay has evolved over the years. There was a time when people could only play games in person and they needed cash (or later, bank cards) to do so. There were only a few options back then for the way that people could pay for their gaming experiences, but now, there are loads of ways to pay. 

Canada has a relatively new gambling market that is evolving quickly, and players are often looking for the top casinos that suit their preferences; this includes payment methods. Players can find reviews of individual casinos and the payment methods that they offer at askgamblers.com/online-casinos/countries/ca if they wish to take a deeper dive and explore individual reviews. We’re providing an overview in this post so that people can see what the options are for most casinos in North America, including Canada.

Remember that each region or province of Canada is responsible for its own rules and regulations. Players in different regions need to check on the specifics in that area before gambling.

Let’s explore the payment methods that players can choose between in the modern age of casino gaming!

E-Wallets and Digital Wallets

Loads of people have now started to use digital methods even when playing in person. PayPal is one that people have been familiar with for over 20 years now. The fact most people have an account makes it simple to make deposits and withdrawals, although they sometimes take a percentage and charge a commission. Skrill, likewise, is another digital wallet people use in the same way (a bit like an online checking account).

Apple Pay has also become very popular in recent years for a number of different reasons including the fact that it adds a layer of encryption (it is also super simple to use and people can verify payments with their Face ID). We also see more people using Google Pay, the Android equivalent of Apple Pay which also has an extra encryption level, but this hasn’t yet made it to Canadian casinos (it is probably a matter of time). 

More e-wallets are available such as iDebit, which is a financial company that is based in Canada and is super simple to use. Many Canadian casinos use this specific method of moving money around. Neteller is a useful option and the site offers a lot of protection for those who want to use this platform for payments.

Credit and Debit Cards

This is a method that is still popular even in the changing landscape of digital payments. There are numerous ways of handling card payments. Visa and Mastercard are the best-known globally, but there is a method called Interac which has become very popular for online casino transactions. It gives quick transaction times as well as plenty of data security. 

Even governments and local authorities are often looking to boost the number of payment options available to people and make things easier, but a lot of people are so used to paying using credit and debit cards that this method is unlikely to go anywhere in the coming years. Some others offer an extra level of security but that’s not to say that debit or credit cards aren’t secure!

Online Banking Methods

There are some really straightforward ways to make payments using online banking, too. The main downside of this is that it can sometimes add an extra level of processing for the casino brands. Funds might not appear straight away. However, there are casinos where this is fast and players won’t be charged fees for just using IBAN and BIC transfer methods.

Instadebit is popular in Canada as it doesn’t have a lot of admin and there aren’t a lot of requirements for personal details. Just basic information and the bank details will be able to make the transfer happen.

Checks may sound outdated, but they’ve been given a bit of an update with the eCheque method and some Canadians still use this method.

The Future of Payments

Casino players will know that there are often new ways to pay and play added to their accounts. Casino brands are constantly competing to make their site more accessible for people and to provide more options. This means that in the future they will likely be adding even more different ways for people to pay. 

It is impossible to ignore cryptocurrencies as one of the payment methods that people may want to use. Some casino brands have already started to accept crypto and there are specific crypto casinos on the market, too. 

In the future, it seems inevitable that there will be more options, keeping things convenient for all Canadian players. 

Conclusion

Most casino brands in Canada are relatively new, there are some newcomers looking to make changes and to gain some of the market share in Canada and this leads to even more options for people to pay in a way that suits them, making iGaming accessible for everyone!