Skate into Our Exclusive Raffle and snag an NHL team jersey of your choice!

BonusNinja is giving you a golden opportunity to win your favourite NHL team’s jersey! All you have to do is subscribe to the BonusNinja newsletter right on our NHL Excitement page!

Read more!

With many online casino payment methods in Canada, finding the one that works for you can be tough.

The online gambling industry is growing in Canada. In just a two-year period, a margin growth of 70% was reported by the industry. When the industry entered Canada for the first time, there were some legal issues faced by the population. Today, however, Canadians are allowed to participate in online gambling activities – given that the casino is not based inside Canada.

Here at Bonusninja, we believe in keeping our gamers informed and educated. On this page you will learn more about the payment methods you can use when gambling online in Canada. An efficient payment method promotes safety and security, and allows gamers to have an enjoyable and responsible experience.

Best Online Casino Payment Methods

When you sign up for an online casino in Canada, you will need to determine the best payment method to use. Some payment methods that are available may come with limitations. Understanding the benefits and drawbacks of each payment method will help you make a more informed decision.

The main payment methods that you can choose from include:

  • Credit and debit cards
  • E-wallets
  • Bank transfers
  • Pay by phone

A payment method is not only used to deposit money into your online casino account. You should ensure the payment method you choose can also be helpful when you decide to withdraw winnings from your casino wallet.

There are some cases where you may find a Bitcoin casino. These operators take advantage of cryptocurrencies when funding your account or requesting a withdrawal.

Credit And Debit Cards

Credit and debit cards remain some of the most popular types of payment methods throughout Canada. This does not only account for in-store purchases but also when it comes to buying goods and services online.

It is estimated that among the Canadian population, there are 79.6 million credit cards currently being used. This figure does not account for debit cards – which will have a much higher number.

Apart from being popular payment options for shopping, many people also turn to credit or debit cards when playing online casino games. These cards make it very easy to transfer funds to a casino platform. Some of these cards also allow you to withdraw funds directly to the account that is linked to the card.

There are a few different types of credit and debit cards. The financial institute that handles the processing of these cards tends to play a major role in what you can do.

VISA And VISA Electron

VISA is a major financial processor that is used around the globe. In Canada, it is one of the most popular types of cards to use. Various financial institutes and banks can issue cards that are connected to the VISA network.

In some cases, the card may show a sign that reads “VISA Electron” instead. These cards are useful for people who want more control over their spending – as limits can be set, and you cannot exceed the amount you have in the linked account.

MasterCard And Maestro

MasterCard is the other major player when it comes to financial infrastructures. There are various similarities between VISA and MasterCard, but it is the differences that you should look at to determine which option is best for online casinos.

Another option when it comes to MasterCard is a card that has the Maestro logo. This processor is owned and operated by MasterCard. Many prepaid cards that can be used to fund an online casino account will display the Maestro logo.


While cards are popular, there are alternative payment methods and gateways that you can look at too. E-wallets are rising in popularity when looking at the Canadian population. These are virtual “wallets” that you can load on your smartphone or access on a computer.

When looking at e-wallets, there are usually two options that you can choose from. You can opt for an e-wallet that is linked to your bank account or a card. In this case, when you pay with the e-wallet, the money is deducted from your credit or debit card or a bank account linked to the wallet. There are also some e-wallets that allow you to do a top-up. In this case, you will use a balance in the wallet when depositing money into your online casino account.


When it comes to digital wallets, PayPal is a name that most people recognize. This is currently one of the world’s biggest online payment systems. The company is experiencing an average annual growth rate of 19% and continues to rise in popularity.

When it comes to using PayPal for online gambling, it is important to consider a few factors. First of all, there aren’t too many online casinos that will allow you to deposit money through PayPal. This is often due to the fact that PayPal is regulated and has strict rules when it comes to online payments. Still, there are a few casinos that provide support for both Canadian citizens and PayPal.

It is important to ensure you take a close look at both deposit and withdrawal options. Sometimes, you are given an opportunity to deposit through PayPal. This does not guarantee the casino offers withdrawals to the same e-wallet.


Skrill is another popular digital wallet system that is actually quite popular within the gambling and lottery industries. There is a large number of online casinos that already provide support for deposits and withdrawals made with Skrill.

With Skrill, you have a few options to choose from when using this system as a payment method. You can connect your credit or debit card, which will be billed automatically when using Skrill for a payment. You can deposit money directly into your Skrill account, which allows you to use the local wallet for payments. There is an option to order a Skrill card as well. This is a type of prepaid card that is connected to your Skrill account. If you choose the card option, make sure you have a positive balance in your account when using it.

PaySafe Card

PaySafe Card was recently obtained by Skrill. This is also a very popular deposit option for people who want to play online casino games. These cards serve as virtual vouchers and come with a pin code that is 16 numbers long.

The length of the pin helps to provide added security when using the PaySafe card system to deposit money into your online casino account. It is important to note that, in most cases, you won’t be able to withdraw using this method – but it does remain a great option when depositing funds into an account.


The EcoPayz system is becoming another popular option within the Canadian region. One of the main reasons why the payment system is so popular relates to the selection of currencies supported. The platform offers support for a total of 45 currencies. You can use any of these currencies to help you deposit money into your preferred online casino account.


Another e-wallet option you can consider is Neteller, which is often rated to be in line with Skrill. A major benefit you get with Neteller is the fact that the platform is very easy to use. If you need a payment system that allows for both deposits and withdrawals, then Neteller is definitely an option to consider.

In addition to your virtual wallet, you can also order the company’s Net+ card, which can be used locally in Canada. This makes it easy to use funds in your wallet when shopping. Alternatively, you can withdraw funds from your Neteller account directly to your local bank.

Bank Payments

When dealing with larger amounts at an online casino, it is important to look beyond standard payment options like debit cards or e-wallets. This is where bank payments can become a useful option.

There are a few types of bank payment options that you can consider. With this in mind, you do need to consider what your bank allows. The limits are not as restrictive with bank payments, but some banks have protocols to follow when it comes to international transactions. Currently, there are three popular options when looking at bank payments to deposit or withdraw money.

Wire Transfer

Wire transfers have been used for a very long time. They are effective when working with a large amount of money – especially between the bracket of C$20,000 and C$50,000.

When using a bank wire transfer, it is important to consider two factors.

This includes the cost of the transaction, as well as the waiting period. Even when making a deposit through such a transfer, you may need to wait up to 10 days before the money reflects in your casino account. Withdrawals can sometimes take up to 28 days.

If you are willing to wait a bit for the funds to clear, then this can be a good option. It is also a useful option if the other online casino payment methods do not fit your requirements or are not compatible with your banking preferences.

Note that this is not an option you should consider when looking at the fastest paying online casinos.


InstaDebit is still a relatively new technology in Canada, but there are already several online casinos that provide support. This particular payment method can be a good alternative to wire transfers if you do prefer to use your bank account more directly.

With InstaDebit, you will be redirected to a platform that asks you to sign in to your banking profile. You will then authorize the transaction, which deducts the money directly from your bank account. In most cases, the money will reflect in your casino account immediately.

It is important to note that InstaDebit is generally considered a deposit method. When you need to withdraw funds from your casino account, you will need to choose an alternative option.


While physical checks are no longer being used as much as they used to be, there are still people who prefer the way these payment options work. This is where eChecks come into the picture.

By using an eCheck, you can clear a payment directly from your bank account. Note that this is not an instant transfer but rather a payment option that takes a few days to clear. The specific time frame depends on the payment gateway you use to send the eCheck. With PayPal, for example, the recipient usually receives the money within a period of six business days.

Pay By Phone

A payment option that has also gained a lot of traction recently, particularly when it comes to new online casinos, is the Pay By Phone system. Many people consider this method to be more secure than others, as you do not share your credit card or bank details with any third party. The system works relatively simple, but it is important to check with your network provider if they support Pay By Phone.

With Pay By Phone, you enter a specific amount you wish to deposit at the online casino. You are then directed to a third-party website. This platform connects to your network provider and bills the money from your mobile phone account. If you have a prepaid device, then you will need to load money on your phone before using this system. For people with contracts, the money may be billed at the end of the month.

There are a few Pay By Phone systems already implemented in Canada. These include Zimpler, Boku, and Payforit.

Regardless of the payment processor, you prefer, always confirm with your network provider before you utilize the service. Some networks may charge a fee when you pay through your phone bill. Take a look at these fees and make sure it won’t cause you to end up paying more compared to other online casino payment methods in Canada.

Casino Payout And Deposit Times

When choosing a payment method to use when signing up with an online casino, you should take payout and deposit times into consideration. Some payment methods allow funds to reflect in your account immediately. There are, however, certain methods that come with delays. Understand the waiting periods to ensure you know what to expect when making a deposit or requesting a withdrawal.

We take a closer look at the standard payout and deposit times for common payment methods that you can access in Canada.

Payment MethodDeposit TimeWithdrawal Time
Credit / Debit CardImmediate24 hours to 5 days
PayPalImmediateUp to 24 hours
SkrillImmediateUp to 24 hours
NetellerImmediateUp to 24 hours
Google PayImmediateUp to 5 days
Apple PayImmediateUp to 5 days
Bank Transfer (Wire)Up to 10 daysUp to 28 days

When you choose one of these payment methods, make sure you understand how long you will wait for funds to reflect. With a bank wire transfer, for example, it can take almost an entire month for funds to reflect when requesting a withdrawal on your account. Even though this is a long duration, it can be a useful option when dealing with large amounts of money. This is the only option in the list that can be used with withdrawing between $20,001 and $50,000.

Casino Payment Limits And Fees

You should not only understand the payout times but also learn more about the fees associated with the various online casino payment methods. There is no fixed guide when it comes to fees involved with these payment options. A large number of online casinos will not charge you a fee when depositing money to your account. There are also many casinos that offer free withdrawals. This does not mean the payment gateway won’t charge you a fee, however.

Below, we take a look at the limits that are usually in place when depositing or withdrawing with specific payment methods.


Payment MethodMinimum (C$) Per TransactionMaximum (C$) Per Transaction
Credit / Debit Card520,000
Google Pay55,000
Apple Pay55,000
Bank Transfer (Wire)10050,000

While these average guidelines can be helpful, make sure you take a closer look at fees and limits at a specific casino you want to join. Some casinos have larger minimum deposits. Many online gambling websites require players to deposit at least $100 at a time. Sometimes, there are lower deposit options, but this usually restricts the bonus options that you can utilize.

The limits may be affected by the type of casino too. For example, some sports betting casinos may have specific limits when you place a bet on an upcoming game.

Most Frequently Asked Questions

We focused on discussing some of the main online casino payment methods that are available to Canadians. There might still be a few questions in your mind before choosing which casino to sign up with, or perhaps regarding the payment methods that are available to you. Below, we take a look at some frequently asked questions on this topic.

Can You Gamble Online In Canada?

The Canadian government does allow the local population to participate in online gambling activities. There are, however, a few things that you should take into consideration.

In Canada, casino and gambling activities were previously governed by the Criminal Code of Canada act. When looking at Part VII of this particular code, it is noted that gaming as an industry has many restrictions – particularly when it comes to gambling. The code refers to these activities as “lottery schemes.”

Recent developments have shown the federal authority on online gambling in Canada being passed down to individual provincial authority.

When it comes to online casinos, the law permits participation if the operator holds valid licenses and adhered to provincial regulations. Thus, you can legally play casino games on the internet if you are within these provincial restrictions.

With this in mind, be sure to take a look at the countries supported by the casino. Not all casinos provide support for players from Canada. Also, learn about gambling laws related to your province.

Does Canada offer Pay N Play?

Pay N Play is a payment option that is quickly becoming one of the most popular options for online casinos worldwide. At the time of writing, this payment option is not yet available in Canada.

Does VISA Allow Online Gambling?

VISA is a payment processing network that supports various online activities. When looking at online casino payment methods in Canada, you will notice that most do provide support for VISA cards. If the casino offers credit and debit card payment options, then they will likely support a VISA card.

It is still important to consider the bank or financial institute that issued the card for you. Some banks have their own restrictions when it comes to online activities, such as gambling. If your bank issues a VISA card but does not allow gambling activities, they may decide to block transactions from an online casino.

What Is The Safest Online Casino Payment Method In Canada?

While many payment methods exist, some are not as secure as others. If your financial information leaks, then you run a great risk.

When it comes to safety and security, many people are turning to Pay By Phone payment methods. With this type of payment system, you do not need to share your credit or debit card details. This can help to reduce the risk of your financial information being exposed to hackers.

Can You Gamble Online With A Prepaid Card?

Prepaid cards are becoming very popular as they add an extra layer of security when making a payment. These cards are usually not directly linked to your own bank account or credit profile.

You have control in terms of how much money you load onto the prepaid card. This helps to limit your losses should financial information be leaked. It also helps you gain more control when it comes to limiting your spendings at online casinos.

Can I Play Slots Online For Real Money?

You are allowed to use real money when playing slots online in Canada. It is still important to consider the local laws of your province when gambling online. Make sure you comply with these laws, including any limitations that are presented.

When playing for real money, you should also ensure the casino you trust is appropriately licensed and registered. This does not only ensure you comply with the law but also adds an extra safety layer to your online gambling activities.

Final Verdict

You have quite a few online casino payment methods to choose from when gambling in Canada. You should try out and determine which payment method is the more convenient option for you before starting to look for casinos. This helps you filter through casinos, which allows you to find one that supports the payment method that is more suitable for your needs.

Here at Bonusninja we aim to keep our gamers up to date on the most efficient payment methods. We believe efficient payout methods promote responsible gambling, and make the online experience more safe and enjoyable. We will continue to recommend operators who invest in efficient payment methods, support and resources for gamers, and good customer service.