The online casino sector continues to see healthy growth, both in Canada and across the globe. The inevitable spike of 2020, when online entertainment was the only option, has settled back into a trend of steady growth.
Those strange times in 2020 reminded us that there’s really no substitute for going out in the real world. But still, there are certain advantages of online casinos that ensure their continued popularity. One such advantage is the range of payment options available. Land based casinos are still stuck in the cash age. That’s not ideal when you have a big win and feel the eyes of the world watching you pocket a bundle of banknotes and head for the car park at 2AM.
Online casinos, on the other hand, deal in just about anything except cash. Here we will look at some of the most popular payment methods and their benefits. Note that not all payment methods are accepted at all casinos. If you visit Gamble Online you can see which casinos accept what, as well as learning other useful information about Canadian real money casino sites.
Debit card
The simplest way to transfer funds is to or from your debit card. It’s simple and it won’t usually incur fees. The downside is that while deposits are instant, withdrawals can take up to three days. Also, even with bank-quality encryption, it’s always better to minimize the number of times you share account details online.
e-Wallet
Platforms like Skrill and PayPal are popular choices throughout the world – but not in Canada! This is due to potential complications with gamblers from the USA using Canadian casinos. However, there are good alternatives out there such as Jeton and EcoPayZ. Deposits and withdrawals are usually instant, but fees might be incurred – it varies according to the e-wallet and the casino, so read carefully before committing yourself to anything.
Instant banking
This is the fastest growing method in terms of popularity, and you can see why. Instant banking providers like Interac, iDebit and Citadel act as a buffer between your bank and the casino. Once you are registered with the provider, you can use your instant banking reference to fund and play casino games – at some casinos, you don’t even have to register. This concept of pay n play is already well established in parts of Europe and is an exciting innovation. In general, transfers are instant and there are no fees – but double check before signing up, as some casinos charge transaction fees for specific platforms.
Cryptocurrency
The online casino market was an early adopter when it came to crypto. In fact, the first crypto casino opened in 2014. Today, you don’t need a special casino, there are plenty of mainstream ones that accept Bitcoin, Ethereum and other popular cryptocurrencies. If you already use it, it’s an elegant way to fund your gambling, with great security, instant transactions and no fees. However, with so many other options, it would probably be a mistake to buy crypto just for the purpose of playing casino games.
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