Best Casino Payment Methods in Canada for {{ "now"|date("Y") }}

Whilst pay by phone options are a little more limited than most of the other casino payment methods that we’ve spoken about so far, there are several slot sites that still offer this to Canadian slot players.

The process of this is very simple. All you need to do is select the pay by phone method at the online casino, confirm the amount you want to deposit, and then confirm your mobile.

Cash will then either be taken from your phone bill if you pay monthly or your phone balance if you are on pay-as-you-go. Most phone companies will limit how much you can process in a single payment, so it’s worth finding this out before making a deposit. Some may allow you to increase this limit as well, which might be handy.

Paying by phone is a great way to deposit whilst on the go. It could be handy for times when you don’t have access to bank cards or accounts, allowing you to take advantage of a pre-paid service in the form of your mobile bill.

A key point that you will need to note is that you can only deposit by phone and not withdraw. To get money out of your account you will need to set up an alternative payment method such as a bank card or an e-wallet.

It’s also worth noting that these payment methods will need to be verified before you can withdraw. Our advice is to get this in place before you plan to withdraw to make the process move quickly when do need to get your funds.

Credit and debit cards are the most common way for Canadian slot players to get money in and out of their casino accounts. It’s a payment method that most Canadian residents have, so it makes sense that most would be looking to use these.

One of the main reasons why people use a credit or debit card is the security that comes with it. If something went wrong, then most banks would be on hand to either settle a dispute or protect an account from fraudulent activity. Credit cards in particular are covered by insurance, so getting refunds from this is incredibly easy.

They are also the method that comes with the lowest fees, for the most part, at least. The majority of casinos will not charge you anything for depositing or withdrawing using either of these methods, which is good.

The trade-off is that withdrawals can take their sweet time to get back to your bank. This can be anywhere from 1 to 5 working days in some cases, which is a lot longer than e-wallets, for example.

Visa

A brand that needs little introduction, Visa is probably one of the most popular payment methods in the world. Most of us have a Visa of some kind and use it daily. Around 99% of Canadian-facing online slot sites will offer Visa as a dedicated casino payment method.

With these cards, you’re likely not going to have any fees to pay, with deposits being instantly processed and withdrawals usually taking around 3 working days, but this can range. We’ve noticed that a lot of sites are processing these much faster, with funds being paid back into accounts within 24 hours.

Visa Electron

Visa Electron is a member of the Visa family and works in a similar way to a normal Visa card. The main difference is that these cards will only allow you to bank with funds in your account. They do not have any overdraft process and if there isn’t enough cash in the account to conduct the payment, then it will not process.

These casino payment methods are generally accepted in most online slot sites but are a little more limited than a standard Visa card.

Mastercard

Another hugely popular casino payment method is Mastercard. A lot of accounts with Mastercard are credit cards.

However, Mastercards can come in a wide range of account types and do work just like a debit card would as well. Not only is it one of the most recognisable brands in the world, but it also still plays a big role at the best slot sites in Canada.

Maestro

Maestro is a part of Mastercard and takes up the majority of their debit card payment methods. It works in the same way that a Visa debit card would, allowing you to load funds into your account quickly and without fuss.

It’s a card that is not as accessible as Visa though, so you may need to work a little harder to find a casino that accepts these.

Using a bank transfer as a method to deposit to online slot sites has become increasingly popular. The safety and security that comes with using your bank account as a direct means of depositing are enticing to players, and although they are generally a longer wait for your funds to appear, you know your money is in good hands as it's your bank who directly deposit the funds for you.

Bank Wire

Depositing to an online slot site via a bank wire is a simple process that involves moving funds directly from your bank account to the casino's bank account via your account details. Online slot players often prefer this method due to the added security offered by banks to ensure your money is safe. Usually, you will need to leave a reference on the transfer so the online slot site knows the money is for your online account, so make sure you enter the correct details.

Instant Wire Transfer

This method is growing rapidly in popularity. Online slot players can go into any one of thousands of participating shops and deposit funds directly into their slot site account, but only in person and with cash. This option might be limited depending on where you live, but it's an attractive option for those who want to keep their gambling funds and bank account as separate entities.

Cryptocurrency as an Option to Pay for Slots in Canada

Cryptocurrency is one of the biggest trending buzzwords in the world right now. It’s starting to gain real traction over the last few years and we’re starting to see this offered as a payment type with a lot of online slot sites.

As it becomes more accessible and a little more mainstream, we wouldn’t be surprised to see this become more accessible for Canadian casino players in the not-too-distant future.

In terms of crypto choices, the main ones that of Bitcoin, Litecoin and Ethereum. One of the issues right now is that the currencies are having huge fluctuations meaning that in just a matter of days, they can be up or down massively.

One of the things that we pride ourselves on at SlotSource is being able to bring you the best online slot sites in the world. A major part of becoming the “best” is being able to offer a safe and secure payment process for players.

We test these casinos to the max and then include this information in our reviews. Everything from deposit times, charges, withdrawal times, limits, and verification processes are all covered. Only when all these boxes have been ticked are we able to give them the thumbs up or the thumbs down.

As a general rule, you’re always going to be safest using credit or debit cards. The reason behind this is that they’re connected directly to a bank, so always have someone to fall back to. PayPal can fall into this category now as well and they work incredibly hard to protect any payments both in and out.

Depositing is a process that, for most payment methods, will be an instant credit to your account. Once you’ve chosen your method of choice, you then simply need to enter your details, and away you go.

One key thing that you need to note with payment methods is that not all are going to be able to claim things like welcome offers and slot bonuses. E-wallets such as Neteller and Skrill are almost always prohibited from doing so as it’s easy to create multiple accounts and for them not to be tracked.

Withdrawals are a little less straightforward and they can take quite a bit longer to process than a deposit. One of the first things that you will need for a withdrawal is a verified account. You may also need this to deposit depending on which online slot site you are using.

Verification is a process that requires you to confirm your ID and your address. You can do so by sending in documents like passports, bank statements, driver's licenses, and other official documents.

E-wallets are almost always the quickest way to get money out of the casino. Usually, these are processed within 24 hours and some are even instant. The likes of Neteller, Skrill, and PayPal are the most popular e-wallets.

Visa and Mastercard are about as safe a payment process as you can get, but they do take a little time to withdraw back. For these, you’re looking for 1 to 5 working days.

Large payments will need to use a bank wire to move money about. This can take longer still and up to 21 days, plus fees. However, it’s the only way that most slot sites will process large payments due to limits on bank cards and accounts.

Finally, not all payment methods will allow you to withdraw back. Pay by phone is a common one that allows you to easily deposit, but to get money out, you will need to add another account.

Casino Payment Methods FAQs