How to Safely Deposit Money into a Canadian Online Casino
There are many ways you can deposit money into an online casino in Canada. Pick one you are comfortable with and follow the casino's instructions.
Online casinos are a great choice for people who like to gamble but don’t have availability (or don’t want) to visit the local casino. In Canada, there are many gambling websites where you can play various casino games, such as blackjack, roulette and slots, for real money. However, no matter how good a casino site might look, you should always research it before depositing your hard-earned money into it.
In this article, I share tips on how to find trusted options for real money online casinos in Canada, and how to safely deposit and withdraw cash from them.
Picking Up the Right Online Casino
When selecting a real money online casino, it is important to make the right choice. While there are literally thousands of options across Canada, some are clearly better than others. Therefore, it is important that you pay attention to the registration of the selected online casino. Good gambling sites will provide you with valuable information regarding how to use their website.
One thing you want to pay particular attention to is the payment methods that are available to you. For years, the primary means that people could use to transfer money into any online account was true credit card or bank transfer. That is no longer the case, however.
There are many different options that are available these days, as the e-wallet has quickly become one of the more popular. Options such as PayPal, Payoneer, Skrill, Stripe, Amazon Pay, Apple Pay, Google Pay, and Braintree are just a few of the many different options that players can use to fund their accounts.
Popular Online Casino Deposit Options in Canada
You will find that there are four primary means you can use to fund your casino account. These include:
- Credit card – most online casinos will accept Visa, MasterCard, American Express and Discovery.
- E-wallet - several different e-wallets are accepted, including PayPal, Neteller, Skill, iDebit, and many more. Check with the site to make sure which options they allow.
- Bank transfer – this is another very common method, as you can transfer money from your bank account into your online casino account. These can take some time to process, so be aware that you may have to wait between two and four days before funds are available to you.
- Checks - you may also be able to deposit funds into your account using a check. You can be sure that if you are mailing this in that it is going to take some time before it is processed. This can take up to 14 business days.
Protecting Your Transfers and Withdrawals
No matter what source you use to fund your online casino account, the important part to keep in mind is that licensed operators in Canada are required to take measures to protect your funds. This means both deposits into your account and withdrawals sent back to your card, e-wallet or bank account. Failure to do so meets with steep fines, and this is why these operators must undergo a very thorough vetting before they are allowed to operate within the country’s borders.
We want to reiterate to you the importance of ensuring that you do your research. You need to spend time checking to make sure that any online casino you are considering playing at has been licensed by the federal and maybe even the provincial government. This information is not only available on their site but is available to you on the Canadian website as well. They will provide you with the names of all operators that have been licensed to provide their services within the borders.
One additional factor you may want to pay attention to is the type of technology used to protect your account and the site itself. Blockchain is becoming an extremely popular option for businesses across the globe, primarily because it bars hackers from gaining access to accounts and transfers. This is a technology that provides exceptional security for your accounts, and is why several casino sites are turning to it as the perfect solution to safeguarding their site and the assets of their customers.
What Else to Look for When Choosing a Casino Website
Once you have determined that the casino site is taking the proper precautions to protect your account and that they also are licensed to operate in Canada, the next step is to look for additional features they offer which make them more valuable.
This starts with withdrawals. You can be sure that deposits are added to your account and available to you immediately. This is especially true if you are transferring funds from a credit card, e-wallet, or digital currency. Casinos fund your account with these transfers right away, ensuring you can start playing your favorite games right away.
However, withdrawals are usually processed and transferred to your account after a certain amount of time. Most take between two and four business days before the funds are available to you. Some are quick about it, transferring withdrawals within minutes, but this is not the standard. If you are a person who wants to ensure you can get your funds immediately, then you may want to consider Canadian online casinos that provide this option.
One other factor to pay attention to is what currency the casino accepts. The Canadian dollar is the national currency of Canada, and all accept the United States dollar as well. Many will accept the euro, the German mark, and other forms of currency. Take a look at this first before you choose a casino and learn if you need to transfer your funds into a different currency before you are able to deposit it into your online account.
Be Safe, Have Fun
Safeguarding your online account is essential for any casino. It is essential for you as well. You want to make sure you are choosing a place that is keeping your money safe. If you feel they are not making this a priority, it is time to look somewhere else.