Comparison of Casino Payment Methods in Canada

Online casino payments are indeed one of the most important aspects to always double-check before the potential customer even registers at the site. However, this is also one of the most complicated aspects to check, for several reasons.
Firstly, many gamblers, especially beginners, are not aware of what to look for, what offers and options are safe and handy, and what payment rules are fair. They often fail to check the payments page on the casino site, let alone read the terms and conditions carefully, and therefore miss some important points about payment rules or bank transfers.
Secondly, even the best online casinos often do not provide all the information about their casino online best payment methods and the rules.
To make heads or tails of casino transaction methods, casino players need to know what payment offers are. The table below shows some of the most widespread methods, but please keep in mind that the withdrawal times, fees, and transaction minimum and maximum are indicated for the transaction methods alone.
But every real money online casino Canada, in turn, can apply additional time for withdrawal processing, add fees, and establish higher and lower transaction limits.
Payment Method | Banking Type | Deposit Time | Withdrawal Time | Fee | Min. Trans. | Max. Trans. |
---|---|---|---|---|---|---|
Visa | Credit Card | Instant (1 day) | 1-5 business days | 1,50% | $5 | $20,000 |
MasterCard | Credit Card | Instant (1 day) | 1-5 business days | 1% | $5 | $20,000 |
Paysafecard | Prepaid Card | Instant (1 day) | 1-3 business days | $2 | $5 | $779 |
Neosurf | Prepaid Card | Instant | - | 0% | $5 | $1,000 |
MuchBetter | E-Wallet | Instant | Instant to 1-2 business days | 2% - 5% | $5 | $4,500 |
EcoPayz | E-Wallet | Instant (1 day) | 1-3 business days | 1,6% - 2,9% | $5 | $5,000 |
Wire Transfer | Bank Transfer | - | 2-5 business days | $15 to $40 | $100 | $50,000 |
Interac | Bank Transfer | Instant (1 day) | Instant to 1-2 business days | $1 - $1,5 | $1 | $3,000 |
Instadebit | Bank Transfer | Instant (1 day) | Instant to 1-2 business days | $2 | $5 | $5,000 |
iDebit | Bank Transfer | Instant (1 day) | 1-5 business days | $2 | $1,5 | $1,000 |
eCheck | Bank Transfer | - | 2-5 business days | $0.30 to $1.50 | $100 | $700 |
Klarna | Mobile Payment | Instant (1 day) | Instant to 1-2 business days | $0.30 or up to 5.99% | $1 | $1,000 |
Apple Pay | Mobile Payment | Instant (1 day) | 1-3 business days | $0.15 from each $100 | $5 | $5,000 |
Google Pay | Mobile Payment | Instant (1 day) | 3-5 business days | 0% | $5 | $5,000 |
Bitcoin | Cryptocurrency | Instant (1 day) | Instant to 1 business day | $7.755 | 0.00001 BTC | $10,000 in BTC value |
Litecoin | Cryptocurrency | Instant (1 day) | Instant to 1 business day | $0.025 | 0.00000001LTC | $10,000 in LTC value |
Ethereum | Cryptocurrency | Instant (1 day) | Instant to 1 business day | $8.221 | 0.000441 ETH | $10,000 in ETH value |
Online Casino Banking Guide

Players who really want to understand how online casino payments work and how to assess them properly are welcome to check out our baking guide below. Here, CasinosHunter experts explain all the crucial nuances in detail.
Casino Account Verification
One crucial process of new account registration that many inexperienced gamblers forget about is casino account verification.
When a new customer registers their account, they have to provide certain information and upload certain documents that verify their identity and ability to use funds for betting. Verifications are especially important for payments via bank transfers.
For verification, the following steps are to be taken.
- The newly registered player needs to contact customer support and ask them to verify the account;
- User support should look at the casino account and ask the player to upload the necessary documents with personal and financial information;
- After all the documents are in place and uploaded, user support starts the verification process, by checking all the info and all the documents;
- In some cases, the casino user support may ask for a phone call or Skype call with the customer to prove the identity;
- Only after the casino account is verified, the system unlocks the withdrawal function for the player, and they will be able to cash out their winnings.
Pending Withdrawals
Pending withdrawal means that the casino has accepted the withdrawal request made by the customer and is currently double-checking whether all the rules and conditions were followed by the customer.
As the withdrawal request gets double-checked, several aspects impact the outcome:
- Whether the player has their account verified;
- Whether the wagering requirements for the bonus and deposit were met;
- Whether the payment method, currency, or sum of the withdrawal meets the rules.
Typical withdrawal verification takes from 24 to 72 hours; if the withdrawal requests are only processed on business days, the request made on Friday will be taken for processing only on Monday. Bank transfers may take even longer.
Fees and Limits for Online Casino Banking
When it comes to withdrawal, all withdrawal limits and fees are important to consider.
Let’s state right away that many Canadian online casinos do not apply withdrawal fees, but payment processing companies do apply fees for every transaction.
There are always minimum and maximum withdrawal limits for cashouts. If you have not taken any bonuses, you just have to make sure your withdrawal request fits the min and max sum allowed by the casino site per transaction\per day\per week\per month (and of course make sure the casino payment limits are also met).
If you have taken any bonuses and want to withdraw what you won by wagering the bonus, in many cases, the winnings from the bonuses are capped at a certain limit.
Safety and Security for Casino Payments
Online casino banking has to be safe and secure, and there are many ways to double-check whether a casino site offers such online banking.
Potential online casino customers should go and check the Payment page on the site, and the terms and conditions document to see what rules apply to payment. If no such information is provided, they should not be shy to contact customer assistance and ask for precise information.
Online casinos that accept customers for real money betting are obliged to give clear and comprehensive information on how many payment methods online casino options they offer for deposit and withdrawal, what currencies they accept, and what the limits, fees, and payment times are.
FAQ
Can I deposit in CAD?
Yes, all casinos available for Canadian players allow CAD for transactions. You can make deposits with any currency the site accepts.
How to choose the best casino payment method?
Check out the comparison table above, see what payment conditions work best for you, and opt for the most convenient methods out there!
Can I deposit in other currencies if I am from Canada?
Yes, most online casino payment options for Canada are not exclusively for CAD, they work with other fiat currencies and even with cryptocurrencies sometimes.
Can I withdraw cryptocurrency from online casinos?
Yes, but only if you make a deposit with cryptocurrency, bet with it, and your winnings are in crypto, too. You cannot deposit and bet in fiat currency and then exchange it into coins for withdrawal. Not all payment methods work with crypto. There are several popular methods we recommend.
Can I play for free before making real money bets?
Yes, most online casinos have the games available in demo mode, and they can be used without deposits and even without account registration. Play online casino games for free and see whether you like them before you start making real money bets.
Are e-wallets safe for online casino payments?
Yes, but you will need specific payment methods for that. Some bigger cryptocurrency casinos do allow currency exchange right on site, and if they have available crypto coins, customers can deposit fiat money to buy some coins for betting. However, this is not possible on any crypto casino site, and the currency exchange rates are not very beneficial for the player. So, it is better to buy crypto beforehand on specialized platforms via private transactions.
Can I withdraw my deposit back from an online casino?
Most casinos do not allow withdrawal of the initial deposit until it is wagered at least one to three times in real money games. This is done to prevent money laundering operations by scammy customers. Some sites allow withdrawal of the initial deposit without wagering it, but with 10-15% transactions fees applied. Specific payment methods also limit the sums so that users would not perform tricky payments back and forth.
Harold is CasinosHunter's key researcher. He scrutinizes casino sites, ensuring they meet strict industry standards and CasinosHunter’s criteria. His detailed reviews highlight potential pitfalls and benefits, focusing on customer data security and fair gambling conditions.
