With the way that modern technology is changing the landscape for making money transactions, online casinos have to be receptive to this. Many of them are now accepting different forms of cryptocurrency, which is also changing at a rapid pace. Now, many are using Ethereum, which is done via a currency contract. It is undoubtedly a relatively new concept but has gained acceptance for online payments, because it tends to have more benefits for users, including the online casinos, as well as the players who want to play for money. It is also becoming more popular, so more casinos are beginning to accept it.
There are undoubtedly many types of credit cards which are now available for use. Online casinos will often welcome some of these to be used for methods of deposit. One that has been a favourite for a lot of time is American Express. This is a credit card that has been around since 1850. As the name implies, it is an American company. It provides its credit card services to many parts of the world. Although a lot of the casinos do not accept American players, this has nothing to do with the American Express card, being as players from other countries may have access to this card.
Bank transfer or Wire transfer is a way to transfer money electronically from one person or entity to another person or entity. The money goes from one bank account to another bank account. This is a common transfer option for many businesses including online gambling operators such as online casinos. It is in comparison a cheap way to transfer money but it takes between 2-5 days usually for the money to reach the account.
One of the first forms of cryptocurrency to make its presence on the internet was Bitcoin. It became available in 2009. Since then, more casinos have been recognizing it as an ideal platform for allowing deposits at their casinos. It is essential that the online casinos provide as many deposit options as possible, so when Bitcoin started to grow in popularity, then some of the casino sites capitalized on this. Still, several casinos do not accept Bitcoin or any type of cryptocurrency as yet. However, this is expected to change in the future.
There are undoubtedly a lot of people who enjoy playing their favorite games at online casinos. To do this with real money, they have to be able to deposit funds at their casino of choice. One of the ways which most of the casinos online will allow for doing this is with the use of credit cards. A method that is often referred to as plastic money by the credit card users. Most casinos will accept a variety of different types of credit cards, and the deposit process is easy.
One of the most popular, and used forms of depositing at online casinos is with the use of the Mastercard credit card. This is a credit card service based in the United States. It serves credit card users the world over. This is undoubtedly one of the reasons it is such a popular way of depositing at online casinos. These gambling platforms provide their services to many casino players throughout the world. Having a deposit option which will work in so many countries is good for their business. It also makes it convenient for those who want a hassle-free way of being able to deposit.
Some deposit methods have been used by online casinos for a very long time. One of these is Neteller. This is a process which consists of being able to transfer money electronically by using Neteller as the third party for the transaction. Most of the casinos will offer this because it has been one of the deposit methods for casinos for many years. As a result, a lot of clients who have used online casinos for years opted to use Neteller as their deposit option. At one time, they were the most prominent provider for depositing at online casinos.
Paypal is one of the giants in online money transfer business and became the first known worldwide brand connected to the development of the internet evolution. Paypal was founded in December 1998 by 5 founders. Today two or at least one of them are also known worldwide, Peter Thiel and Elon Musk. Musk who later founded Tesla. Initially Paypal was offering security software for handheld devices but then the year after it was founded started to offer a money transfer service.
The most popular payment and withdrawal methods for online casino in Canada according to the sources of Onlinecasinorank are the following:
The process of depositing money with an online casino is different depending on what online casino you want to deposit with. In general there are two general methods of how to make a successful deposits at an online casino.
Depositing through an e-wallet. When depositing money to an online casino by e-wallet you first create an account with an e-wallet provider. Once you have deposited money on your e-wallet you can then transfer money into your online casino account.
Depositing by card directly. Most casinos (but not all) have agreements with credit and debit card providers like Visa, Mastercard, American Express, Diners and Maestro. If they do the casino will have the ability to process your payment directly without the extra step of going through an e-wallet as an intermediary.
It depends on your online casino of choice. If they accept deposits from credit and debit cards like Visa, Mastercard, American Express, Diners and Maestro they will be able to process your payment directly, thereby adding funds to your online casino account.
We are not a professional reviewer of international payment providers and e-wallets, What we do know is that Skrill, MoneyBookers and Neteller are popular ways of doing deposits to online casinos in Canada. The Canadian payment company InterAc also seems reliable.
PayPal has agreements with online casinos in a few countries but as far as we know Canada is not one of them. Please consider signing up for another e-wallet if you want to deposit money and play online casino in Canada.