Top 4 Proven Payment Providers for Online Gambling in Canada

Gambling.com Editor

March 19th, 2018

Url copied!

As a country, Canada presents an indifferent attitude to online gambling. It doesn’t issue licenses for online casinos within its borders, but does not mind if its citizens go online and play at casinos that welcome international visitors. Although this may change in the future, with individual territories such as Quebec taking advantage of the legal independence to create online gambling spaces, Canadians have to look overseas to place online bets, and so need payment methods that are accepted the world over. To help out the Canucks looking to make a deposit with a reliable payment service, here's a list of the most proven payment providers for online gambling in Canada:

1. Skrill (Moneybookers)

   

   Skrill is an eWallet service that was taken over by the Paysafe Group in 2015, and can be used in conjunction with Paysafecard, although the two still operate as different businesses. Skrill offers a tiered service, meaning that the more you use it, the higher you climb, and the more benefits you receive:

   • Bronze = €6,000 per quarter (approx. C$8,300)
   • Silver = €15,000 per quarter (approx. C$20,750)
   • Gold = €45,000 per quarter (approx. C$62,250)
   • Diamond = €90,000 per quarter (approx. C$124,500)

   As Canadians will have to play at international online casinos, they will need to find ones that accept Canadian Dollars (CAD / C$), or pay an exchange fee to convert their funds. Skrill charges a foreign exchange fee of 3.99%, but these are reduced should you become a VIP. Start playing at partycasino with Skrill today!

2. Instadebit

   

   Instadebit is a secure online payment system that works in a similar way to PayPal, by making payments to online companies directly from your bank account. It is available to any Canadian over the age of 18 who has a bank account, and will ask you to confirm this by using part of your Social Insurance Number. Setting up an Instadebit account is simple and free. Once you have registered your bank account details, Instadebit will pay a small sum into it, which you will be asked to verify in order to increase your spending limit. Only one bank account can be linked to your Instadebit account.

   Instadebit rules out the need for a separate VISA debit card, so it could be a viable option if your bank account does not support one. There is a charge of C$1.95 to make a transfer or payment to a merchant, such as an online casino, directly from your bank account via Instadebit, but if you use funds already in your Instadebit balance account, there is no charge. Similarly, there is no charge to receive money into your Instadebit account, but to then transfer it to your bank account will cost you C$2.00 per transaction. Use Instadebit to fund your next bet at 888casino now!

3. Paysafecard

   

   Over the years, the Paysafe Group has acquired a number of different online and virtual card services, including NETELLER, which started life in Canada before shifting its business to the Isle of Man. As a result, NETELLER is not accepted in Canada, but Paysafe Group’s other prepaid systems are, including the one named after its parent company, Paysafecard. Although it launched in 2000 in Europe, swiftly becoming the continent’s leading prepaid payment method, it was not until 2009 that Paysafecard was offered in non-EU countries such as Argentina.

   The payment system eventually launched in Canada in July 2012, and is now available at over 22,000 retail outlets. Players simply buy a Paysafecard preloaded with C$10, C$30, C$50, C$100, C$150, or C$250, then use the 16-digit pin on the card to transfer the funds to the merchant. This offers a quick and easy alternative to using a debit card, and acts as an extra security buffer, as players never have to reveal their own card or bank details. Use Paysafecard to deposit at Leo Vegas Casino now and get started gambling online today!

4. VISA Debit

   

   Although VISA debit cards are synonymous worldwide with card transactions, the vast majority of physical card payments made in Canada operate through its own Interac network, which works differently to VISA's Plus system. As a result, many of Canada’s financial institutions offer VISA debit cards through two options.

   The first solution is as a dual function card that works on both networks, with Interac used for domestic purchases, and VISA used for online and international payments. The second option is by offering a physical Interac card for ATM transactions and purchases at Point of Sale terminals, while offering a virtual VISA debit card alongside it. Banks that offer these options include:

   • Royal Bank of Canada
   • Toronto-Dominion Bank (TD Canada Trust)
   • Scotiabank (Tangerine)
   • Bank of Montreal
   • Canadian Imperial Bank of Commerce (President’s Financial Choice)
   • National Bank of Canada

   Interac has created an online payment system, but few online retailers offer it, preferring to deal with VISA instead as it is a global payment system and not Canada-specific. Start playing today at Mr Green Casino using your VISA Debit card!