Payment Cards

One of the most popular payment in online casino services is simply to use your credit card. These are convenient as they are accepted at almost every online casino, but if you are using a credit card with a bank based in the US this could be an issue as these banks do not allow you to use your credit card for online gambling. However, you will be able to use it if you get it approved by your province and online casino that you want to play at.

What is important to note is that Mastercard is not a credit card that can be used. They cannot be used for deposits or withdrawals and this also includes any Mastercards that are obtained from a Canadian based bank.

If you really want to use a credit card, the best way to do so is to open up an account with your local financial credit union. Independent banks in Canada have a lot more freedom than banks from abroad, therefore, you can enjoy fewer issues when it comes to depositing funds to your casino account or withdrawing your winnings.

Prepaid Cards

A prepaid card is a fantastic option as this system does not have to be connected to your credit card or bank. It is secure, easy and you can be completely anonymous while using it. You can get these from a physical retailer and deposit the cash on to it. Before purchasing one, always make sure that it is accepted in the terms and conditions of the casino you wish to deposit at. When using this payment method you will not be able to withdraw your winnings.

Cryptocurrencies

Cryptocurrency payment options are still relatively new, but they are growing in popularity. This digital asset was created to serve as a secure means of exchange for coin ownership transfers.

All bitcoin money transfers use a "push" payment mechanism, which implies that only the funds' owner can initiate the transfer process. Cryptocurrency payments are also becoming more popular and formal in the online world. Many people, however, find it tough to shift their attitude into this alternative because it is a new way.

Bitcoin

Bitcoin was the first cryptocurrency and was created in 2009. It enabled its users to make digital currency transfers over the internet, without any in-between parties such as banks or payment platforms. The advantage of using Bitcoin is that it’s easy to cash out and sell Bitcoin if you need money. Also, nowadays, it’s more accessible and very secure. You always know where your money is. However, there are some cons that are important to mention too. The use of Bitcoin is unregulated, which means that you are legally unprotected if anything goes wrong. Also, it has a very limited practical use. You cannot simply use your bitcoin to buy things. You have to convert it to real money first.

Ethereum

Ethereum (ether) and Bitcoin are often compared to each other as cryptocurrencies, but what is important to understand is that these two networks are different with respect to their overall goals. The aim of Bitcoin was to become an alternative to national currencies, Ethereum was created as a platform to facilitate different types of applications via its own currency. Even though ether has not been established as an alternative monetary system, it is still a digital currency that is accepted worldwide on different platforms, including in online casinos. As there are no third parties involved, it is a profitable payment option compared to other currencies or traditional means of payment. However, like Bitcoin, it is unregulated legally.

Pay by Phone

Pay by Phone is a great alternative for those who want to stay anonymous and track their expenses in one place. As the name suggests, making a deposit is done through your phone. The main difference between this method and paying with a credit card or eWallet is that the money is taken from your phone bill and not through your bank account.

To make this payment you only need your phone. It is very fast and safe. The downside is that deposit caps are usually in place and withdrawals cannot go back to your phone bill, so you need an alternative payout method.

Bank Transfers

The vast majority of payment method casino sites accept bank wire transfers. These do require a little more work to complete but are good as players do not have to overshare a lot of their personal information or account details. You will need to contact your bank and ask them to transfer the money to your chosen online casino account.

Using Visa for your Online Casino Deposit

Pretty much all online casinos allow punters to use Visa debit cards for both deposits and withdrawals. Generally, none of the online casinos we have reviewed would charge a fee for making a visa casino deposit. As soon as you enter the debit card details into your casino account, you will only need to update it when your debit card changes. This is a quick, easy and safe deposit method, popular at casinos all over the world. However, no UK online gambling site or casino will accept a Visa credit card to fund an online casino account.

Visa Electron Casinos

Visa Electron is another of the most popular casino deposit methods around. This is a great payment method for both casino deposits and withdrawals. It worked in very much the same way as regular Visa cards but is generally used more by the younger gambler, this is because they can only make a deposit into their online casino if they have the funds readily available in their bank account.

MasterCard Casino Deposits

Again, like Visa card payments, customers can only use MasterCard debit cards as a casino payment method, not a MasterCard credit card. MasterCard is first and foremost seen as a credit card company, but they do have debit card options. Simply enter the card details into the online casino and register your card. You can then use this payment option at the casino for as long as the card is valid.