Payment Providers for Canadian Online Casino Players

Playing the demo mode of online casino games has its own benefits, because you can get used to it and you can build your own strategy for the game. Okay, this goes for a while, but at one point you will realize how great it would be if you could play with real money wager.

For this, online casinos make it necessary to register on their website by creating an online casino account and making you deposits in order to play for real money winnings. Surely, some casinos offer no deposit bonuses, but at one point or another you will find it necessary to make your online casino deposit. Could you follow this?

Once a deposit has to be made, you will have to choose from a list of casino payment methods. These lists vary from one online casino to another, but one thing usually is constant: you can choose from more then one online payment gateway.

Online casinos are interested in providing as many choices as possible for their registered players to find the most convenient and comfortable casino payments methods.

Online Casinos in Canada

Canada is one of the biggest online gambling markets in the world, so you can find hundreds of online casinos waiting for players to sign up to their website. On Deluxe Casino Bonus you will find only the best and trustworthy online casinos, which offer their registered players reliable payment processors, payment gateways and casino payment methods.

So what makes an online casino really great? If it stands up to the rules of supply and demand. So what are players looking for? Most of them prefer online casinos that offer more games, faster payouts and big-big bonuses.

Surely, many casinos offer the chance to try their games in demo mode, which is free, but what is the point there? Yes, you are right, this way you can learn the strategies and logics of the game. But where is in this case your chance to bring home a pretty win? Well, if that is what you want, and let us be sincere, most of us are dreaming about a nice win, you will need to register at the online casino you choose.

Reviews you find on Deluxe Casino Bonus have the purpose to help you decide which online gambling provider to choose. Let us take a quick look at the average registration process.

How to Make an Online Casino Account

In most cases, you will find on the main page of the online casino a nice and colorful button, which will open an online form to fill in the requested information regarding your new account, your personal information (according to your ID) and some information about the currency and payment method to use for your internal online account, where you can make your deposits and withdraw your winnings from in the future.

Casino Payment Methods

Most casinos offer a wide range of casino payments to pick from, because they know that it will lure in more players that sign up.

The most widespread options include these payment solutions:

• credit card: VISA, Mastercard, American Express,
• debit cards: VISA, Mastercard,
• prepaid cards: PaySafe Card,
• e-wallets: PayPal, Neteller, EcoCard, eco Payz, PayNearMe, MyCitadel, Pay By Phone,
• Bank transfers: eCheck, Wire Transfer, InstaDebit,
• Cryptocurrencies: Bitcoin,
• and so on.

How to Make a Deposit?

After you have registered at an online casino and have provided all the requested data, you are ready to make your first deposit. At most online casinos you can do this by entering your casino account, where you will find the options of making a deposit payment. Here you will have to select and introduce the payment method you would like to use and the currency desired. Also, you will have to introduce the amount of money you would like to deposit.

Of course, you will have to provide personal details and your data regarding your chosen banking option. At the end press the "Deposit" button. So, congratulations, you made a casino deposit!

To make a deposit you need to have sufficient funds on your account opened at the selected payment method service. Many gamblers like instant banking options, because these offer instant deposits and short term withdrawals (same-day). Instant deposits are also made by safe transfers.

Payment Information

As said before, providing your correct personal details is very important because only this way can you be sure that the online casino will accept payments made by you. Most casinos will not accept payments if there are mistakes in the provided data.

Payment options

Which digital payment system you choose is up to you. The payment method you may prefer for online casino deposits will probably not differ from the payment options you are used to choose for other digital payments too. This is related to our digital payment habits and which online payment system we trust. Credit card company services are highly trusted when it comes to digital payment options for many players, so a credit card transaction will not provide problems for most of us, neither will debit cards.

Credit Card, Debit Card and Prepaid Card

These credit, debit and prepaid card transactions are popular payment options, and most of us has heard about VISA or Mastercard even if living a cage. These companies provide in their services credit card and debit card options too.

Credit Card

So what a credit card is? It is a piece of plastic or metal, in a rectangular form. A financial service company or a bank is the one that issues it, and this card allows it's holder to pay for services and goods at merchants who accept these card payments, from borrowed funds. After credit card transactions, the cardholder will have to pay back the borrowed sums of money, interests, charges and fees as agreed.

Debit Cards

A debit card is another type of payment card. It is linked directly to your bank account. You can buy services and goods with debit cards or even get some cash from the ATM with it, directly from your bank account. Using debit cards may cause you paying fees, but it reduces the need to carry cash.

Prepaid cards

If we would have to compare prepaid debit cards with other payment options, we could say they are much like gift cards: you have an amount of money stored on the card which you can spend. After using up your balance you can reload the card through many options: online, at an ATM or at a participating store etc. These cards are issued by banks, many major credit card companies can show up these kinds of cards: MasterCard, VISA, American Express, Discover, or another example of this kind of card would be PaySafe Card, which is a widely spread and trusted card type.

Google Pay and Apple Pay

Both of them are mobile payments systems, that basically can do the same. Maybe ApplePay is considered to be easier to use and is more used by families with teenagers, while Google Pay, which is called Google Wallet since 2022, has more features.

Bank Transfer

Well, this is one of the most basic digital payment possibilities. Only bank accounts are needed for these payment services, and they are a trusted deposit method. The process transactions takes mostly more time than a more modern deposit method, like an e-wallet, and it depends on the customer's bank, but your bank transfer casino deposit payment process will come to an end mostly in a few working days and your casino deposit will be ready to use and you to play the games you wanted so much.

Most gambling service provider online casinos offer this deposit method for making a casino deposit, even the oldest ones on the market.

This bank transfer payment solution includes payment methods like Bank Wire Transfer, eCheck, InstaDebit, Bitcoin.

Other Accepted Payment Methods

Processing payments may take a much shorter time in other cases from what we have seen at payment methods like bank transfers. Yes, surely we understand the importance of banks and their cash flow, but what about other payment provider options?

E-wallets

Many online casinos let you use your e-wallets as payment methods to make a deposit or withdrawal money. Payments process used to be much faster, they use the best payment gateways. Great examples for these are Skrill and Neteller.

Bitcoin and Other Cryptocurrency Payments

These modern ways of making casino deposits and withdrawals are recommended for those who know what they are doing. Many casinos that accept cryptocurrency payments will also provide special bonuses for those new players who decide to fund their account by using crypto currencies. This payment option also offers some sort of anonymity to players using it.

Revolut Payments

This is a great payment method if you need to change the currency of your money, and you do not want to pay charges for this. You will need a Revolut payment account to use this payment method for making your online casino deposits and withdrawals. As time goes by, more and more Canada-regulated and licensed online casino operators accept this payment method.

This seems to be a win-win solution because of the easy management of funds.

Klarna Payments

Many Canada-regulated mainstream casino sites start to accept this payment operator, which is operational since 2005 by a Swedish bank fintech start-up. This is a massive virtual bank that operates within the European Union. The best part of it is that it's customers do not need to share with anyone their banking information.

Why reading the terms and conditions is so important?

Surely, when you decide which payment method you choose for making a deposit, always read the terms and conditions to find out the processes duration, the minimum and maximum deposit limits.

Online casinos wait for their players with nice bonuses and promotions. But, you can find yourself in an inconvenient situation in case you did not read the terms and conditions of these promotions. We tell you this, because by making your deposit with some kind of a payment method maybe does not entitle you to use a bonus (ex. sometimes e-wallets, etc.). So always read the available information on the online casino website.

Secure Transactions

Each and every online casino developer knows that secure transactions are of a high importance. That is because they have to build and maintain players' trust in their customer's payment safety.

If players' trust is lost, it is very difficult to rebuild it. The news spread quickly among players on various media channels, blogs, social media and other platforms. It is hard to come back from there, and online casino developers know that, that is why offering secure and trustworthy payment options is a rule for them.

Payment Gateways

This part I would recommend you to read if you are interested in the financial aspects that are behind each and every online transaction.

Were you wondering about what a payment gateway is? You are unlikely to have come across the term unless you work in finance. Let us find out, what kind of sorcery this is.

A payment gateway is a type of software application that is being used by merchants in order to accept electronic payments, like credit cards and others. These have a role in protecting your financial data (ex. credit card numbers) with encryption systems in the moment they pass from the customer to the merchant. In the same time, this payment gateway passes the transaction information from customer's bank to merchant's bank.

Merchant Account

The payment gateway will process payments and it is responsible for authorizing credit card payments by making it sure that the money is transferred from the customer's account to the merchant account.

Payment Gateway Good-to-Knows

When it comes to choosing the payment gateway you should take into account some factors: fees and pricing, integrations, security and others.

Fees and pricing

We can talk about mostly two types of fees: subscription (monthly) fees and payment processing fees (charged for each transaction). You, as a merchant, could find payment processors that will not charge you a monthly fee, but they will work with higher transaction fee.

Payment Gateway Types

Mostly, you can find three types of payment gateways:

• Redirect: in order to process the transaction, in this case the gateway simply takes the customer to the Stripe or PayPal payment processors.
• Off-site (hosted) payment: Square POS systems or Stripe are good examples here. When a customer makes a purchase on a website, the payments data arrives at the payment providers server, where they are processed.
• On-site (self-hosted) payment: in this case the whole transaction will happen on the merchant's server.

Each payment processor type can support different kinds of payment method.

What is the Difference Between a Payment Gateway, a Payment Processor and a Payment service Provider?

We have already talked about payment gateways, let us see the other two terms. The best payment gateway can be seen as the middleman between the merchant account and the payment processor.

Payment Processor

A payment processor is the one that transfers the information between the two banks (the issuing and the acquiring one) in order to move the money into the merchant's account. This requires a payment gateway for communication across the moving parts, and in order to authorize the transaction.

The top 6 Canadian Payment Processors include:

• FreshBooks Payments,
• Clearly Payments,
• Square, Inc.,
• Stripe Payments,
• Moneris,
• First Data.

Payment Service Provider

This is a more complex thing, which includes a payment gateway, a payment processor, and a merchant account, and maybe other aspects too, in order to handle everything related to a transaction during online payments.

Fees to expect in terms of payments

Every payment processor has a pricing model they follow. The fee structure they follow may consist of setup fees, monthly fee and additional fees. Payment gateways have their own models. When setting up the their website, online casinos, that is, the merchants pay the monthly fee and other fees to make payments possible for players.

None of us enjoys hidden fees. That is why a transparent pricing is so important. Mostly payment processing fees (transaction fees) and recurring billing - monthly fees - can be expected regarding the payments providers.

What to expect when choosing a payment provider?

Each casino deposit and withdrawal method has different terms. The most popular ones are those mentioned above, but there are five important aspects that you should keep in mind before choosing the payments method:

• fees,
• deposit time,
• withdrawal time,
• minimum transaction limit,
• maximum transaction limit.

These may vary according to the payment providers:

• The average deposit time is instant or a few working days in case of bank transfer.
• For withdrawal the average time is within 24 hours in case of PayPal, Neteller, Skrill, PaySafe Card, EcoPayz, or can be 1-5 days in case of VISA, Mastercard, Maestro, ApplePay, Google Pay, or even more, 5-28 days in case of bank transfer.
• The minimum transaction limit can be C$ 5-100,
• While the maximum transaction limit can be between C$ 779-50,000.

Summing Up the Payment Providers

The usage of legal payment solutions to fund your casino account is necessary. In some cases you will be obliged to use the same withdrawal option as used for your casino deposit, in order to ensure that no money-laundering is taking place.

You should also take note that Ontario province differs from other Canadian territories when it comes to bonuses, promotions, wagering or free spins. Here is a list of banking options available for Ontario:

• American Express,
• Apple Pay,
• Bank Transfer,
• eCheck,
• ecoPayz,
• Google Pay,
• iDebit,
• InstaDebit,
• Interac,
• Maestro,
• Mastercard, MuchBetter,
• Neteller,
• Pay by Phone,
• PeyNearMe,
• PayPal,
• PaySafe Card,
• Skrill,
• Trustly,
• VISA,
• Zimpler,
• AstroPay,
• Bitcoin,
• eCashout,
• Flexepin,
• Jeton,
• Luxon,
• Neosurf,
• Rapid Transfer,
• VIP Preferred,
• Wire Transfer.

Your gaming enjoyment has to be associated with seamless and secure transactions, and that is why we made this compilation available.

Here on Deluxe Casino Bonus you can find the best available online casinos for Canadian players with all their descriptions needed for you to start your gaming career in a truly informed way. We understand that different people have different payment needs, and this is available for online casino transactions too.