4 Of The Best Payment Systems For Online Casinos In Canada

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Best Payment Systems

The number of Canadian online casino sites is increasing by the day, a factor driven by the ease of access to gambling and payment options.

As a technologically advanced country, Canada is home to some of the top innovations, such as Interac Online, that have reduced the time and cost it takes to make international money transfers. Here are four of the top payout methods you can use when gambling at a Canadian casino.

Interac Online:

Interac is one of the simplest ways to fund your casino account if you have a Canadian bank account that supports this system. Unlike most eWallets, the money comes straight from your bank account. The first thing you want to do is find legit Canadian online casinos that use Interac, then, go ahead and select it as your payment option. When depositing, you won’t be required to enter any additional information since the money comes from your bank account.

Withdrawal is just as simple if you have a sufficient balance. Depending on the casino’s policy, it could take anything between 24 and 48 hours for the cash to be in your account. Charges are standard too, and for Interac, you will be pleasantly surprised that it is much cheaper than most payment methods. It is safe and reliable too.

Bank Wire Transfers:

Bank transfers are one of the most reliable online payment methods since they have been tried and tested for ages. When gambling with lots of cash, you may be limited to the amounts you can make using eWallets and other online methods, and this is where banks come in. A top pro is that these transfers accommodate huge amounts of cash. The one con is the time it takes for an international transaction to be processed since both the casino and the bank have their policies. As for reliability, the vetting done before and during a transfer assure you of all the safety you would need.

EcoPayz:

Those who use EcoPayz mainly like it for the fact that they can separate their personal finances from their gambling money. You are able to transfer the money from your bank to a separate digital wallet from where you can now send it to your casino account. It takes a little amount of time to install the free app and have it verified. From there, you are free to deposit and withdraw cash to and from your account. It is fast, safe, reliable, and reasonably lower in terms of transaction cost.

PaysafeCard:

When you would rather not share too much personal information, PaysafeCard is the option you want. You get a prepaid card with a 16-digit PIN that you enter upon acquisition. This card is available in the following denominations in Canadian Dollars; 10, 30, 50, 100, 150, and 250. You then enter the unique number into the slot given after selecting this deposit method at the cashier. Since PaysafeCard is universally accepted and available in different denominations, it has become a popular method online. Why this method? It allows a player to regulate how much they spend through gambling since it comes in fixed amounts.

Conclusion:

With these options and many others available to Canadian gamblers, it is clear why the industry keeps growing. Interac remains one of the best because of its security, ease of use, and general acceptance as an online casino payment option for online casinos in the country. You can use it for both deposits and withdrawals since it works both ways. The time it takes to process transactions using Interac is less than for other online payments, and the cost is significantly lower too. Banks that are compatible with this system include; CIBC, Scotiabank RBC, and TD Canada.

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