Ontario Casino Payment Methods: Understanding the Top Casino Banking Methods In Ontario 2023

A quick guide to Ontario casino payment methods

Whether you’re looking for deposit options at Ontario casinos, or withdrawals, we’ve got the goods. Here’s a quick comparison of the different payment methods available online gaming sites in the area.

Top online casinos in Ontario to check out

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Credit/debit cards

• Extra safety measures in place
• Fast transactions
• Internet banking apps allow 24/7 access to your funds

• Withdrawals take 3–5 working days

Debit and credit cards are one of the most popular of all online casino payment methods at Ontario casinos, and probably the best known. Credit cards give you a set limit to spend, whereas debit cards only allow you to use the money that’s available in your account.

Debit and credit cards are quick to use and allow you to make a deposit and start playing in minutes. They also have a number of sophisticated security measures in place to protect you from fraud.

Two of the most famous examples of debit and credit cards are Visa and Mastercard, which are available worldwide and have a stellar reputation. They are issued by your bank and give you lots of different choices around limits and rewards depending on the type of account you have. You can have a look at our list of Mastercard casinos in Ontario on our site.

American Express is a credit card (and has recently released a debit card) that isn’t issued by a bank, but by Amex themselves. This gives you access to different rewards and potentially higher deposit limits.

Digital wallets

• Very safe payment method
• You can open a separate wallet for exclusive online casino use for extra security
• Links directly to your bank account
• Apps let you keep an eye on your balance

• Not accepted at all online casinos

Digital wallets, such as PayPal and Neteller, are another common  online casino payment method in Ontario. Digital wallets act like a separate bank account that can be used to just make transactions online. Players can link their digital wallet to their bank account or debit/credit card, and then use that money to make deposits and withdrawals. This means you’re only sharing your financial details with one provider, the digital wallet, rather than the casino itself, making this a very safe payment method.

Some digital wallets, such as PayPal, will also provide users with rewards.

Prepaid cards

• Very secure as no banking details are shared
• Free mobile app for iOS and Android
• Fee-free payment method
• Accepted by nearly all online casinos

• Has a smaller deposit limit than other payment methods

Prepaid cards, such as Paysafe, allow players to make deposits at online casinos without having to enter any credit or debit card details so are a very secure option, and suitable for those who may not have a bank account.

Once you’ve registered an account with a provider, you’ll be able to buy a prepaid card with a balance between CAD10 and CAD100 at specific retail locations. Then you can top up your online account with the code, or codes, you’ve purchased and use them to make deposits at a casino.

Casinos won’t let you make withdrawals to a prepaid card, however, Paysafe have introduced a service called paysafecard which does allow you withdraw your funds. To help you manage your account more efficiently, there’s also a Paysafe app for iOS and Android.

Banking transfers

• Very simple payment method
• Accepted by the vast majority of online casinos
• Doesn’t require you to set up any special accounts
• Very safe payment method

• Players need to have a bank account

Bank transfers, also known as wire transfers, are one of the very simplest online casino payment methods at Ontario casinos. They allow you to make payments to a casino by sending money directly out of your account into a casino’s account.

There’s no need to open up a specific profile, as you may need to when using PayPal, or download any software to be able to make bank transfers. However, some banks may require you to use a card reader device or security codes for added safety. You might also need to verify a payment, which can sometimes be done through an app for maximum convenience.

Some banks may also use services such as Interac to facilitate wire transfers. This is an email money transfer (EMT) system, which is Canada specific. You can have a look at our top Interac casinos in Ontario on the ballislife.com site.

How to make a deposit at online casinos in Ontario

Using any of these casino banking methods at Ontario gaming sites is a pretty hassle-free process. These are the basic steps you’ll need to follow to make a deposit, no matter the payment method you’ve selected:

1. Register for a new account at your chosen Ontario online casino.
2. Go to the ‘cashier’ section of the site. This should be clearly signposted from your account.
3. Click on the ‘make a deposit’ button and select your preferred payment method from a drop-down list.
4. Enter the amount you’d like to deposit. Depending on the method you’re using, you may get a code via text or email to verify that it’s you making the payment.

Tips for making deposits at online Ontario casinos

• You’ll have to use the same banking method for making withdrawals and deposits. If you wish to change it, or your deposit method isn’t available for withdrawals, you might have to contact customer support.
• There is usually a minimum deposit amount of CAD10, but this is different across casino sites.
• To make your transactions even safer, we would recommend setting up two-factor authentication to verify your payments.

Cashing out from Ontario online casinos

Making a withdrawal using Ontario casino payment methods is just as simple as making a deposit. Follow our steps for a smooth guide to getting your cash:

1. Navigate to the cashier page and visit the withdrawal page. Again, this will usually be clearly highlighted from your profile.
2. Select the payment method you’d like to use to make your withdrawal. The method you used to make your deposit will automatically be the first one that appears.
3. Decide how much cash you’d like to withdraw. There are minimum and maximum withdrawal amounts depending on the individual payment method and casino site. The minimum limit is generally CAD20, but the maximum is much higher.
4. Be aware of any fees! Most online casinos won’t charge you for making a withdrawal, but it’s always worth checking. You may only be able to make one withdrawal per day for free, and any more in a 24-hour period might incur a small charge.
5. Your withdrawal request will then need to be processed by the casino and approved. This can take 24 hours but is often much quicker.

Conclusion – A range of payment methods to suit all players 

Online casinos in Ontario are home to a broad assortment of payment methods, from the classic Visa and American Express, to the more recent addition of eWallets, such as PayPal and Neteller.

Every single payment method has its own distinct advantages and disadvantages but which one you ultimately choose depends on you. If you’d rather collect your winnings quicker, then you’ll want to steer towards a method that can deliver lightning withdrawals. But if you’d rather opt for simplicity, you might want to consider a method that has fast set-up times.

More must-try online casinos in Ontario

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Ontario casino payment methods FAQs