After registering an online gambling account in Canada, the other thing you are expected to do before you can enjoy various games is to set up a payment method. Online casinos offer numerous withdrawal and deposit options to ensure that players can choose the most suitable one. Today, banking has advanced a great deal thus you can make transactions even through your smartphone.

Matters regarding finances are rather sensitive, which is why betting houses collaborate with certified and verified third party banking enterprises. On top of that, they use the latest encryption technologies to secure your personal information and data to ensure that it's not exposed to prying eyes. Some of the reliable casinos' banking methods are explained below.

Credit Cards Casino Banking

There are several reputable and secure credit card companies used by online casino players that include MasterCard, Visa, and American express. If you prefer to use any of these cards to fund your account, all you need to do is navigate to the casino's payment page, fill out the required information and complete the transaction. The funds will be available to use almost instantly.

It is important to note that paying via these cards will attract a transaction fee of not more than 1.3% of the total amount deposited. Cashout payment for credit/debit cards will take between 1 to 5 days. Players are always advised to check in with their casinos before using this particular option.

E-wallets

E-wallets are also popular casino banking methods used for payment by online casino players. Most folks, who do not want to deal with their banks directly, link their cards with various e-wallets to avoid bank restrictions not to mention that they're more cost-effective.

Popular e-wallets to use include PayPal that offers instant deposit and cash out; this takes between 1 and 3 days. Neteller and Skrill are also common casino banking options that offer instant deposit and fast withdrawals. Ecocard/Ecopayz is also another choice that allows you to move funds through an Ecocard. These are not only convenient but also do not incur additional payout charges.

Offline Banking

For the players who prefer traditional casino banking, it is possible to make an offline deposit. As such, you're able to move money into your account in person from a banking hall.

Offline options include checks, bank wires, bank drafts, MoneyGram and western union. Simply visit a financial institution of choice and provide your casino's details. The funds will be deposited directly to your casino's account. However, this method may take longer to clear your funds for use.

Cryptocurrency Casino Banking

Today, top gambling operators also accept cryptocurrency as a means of payment including Bitcoin or Ethereum. As such, a considerable number of players are adopting this mode of payment. Furthermore, some game sites may promote the use of this mode; for instance, you may be awarded a bonus for using Bitcoin to finance your account; this could be a great way to earn some cash without extra cost.

Players in Canada are always advised to consider an online casino's legitimacy before conducting any business to avoid complications when it comes to payouts.