It’s never been easier or faster to make an online payment as it is today. The rise of a whole host of trusted payment providers has made it possible for online purchases to be made safely and, therefore, for online businesses to thrive. The online casino industry, in particular, has benefited hugely from being able to offer secure financial transactions. The range of online casino deposit methods available to Canadian players include credit cards, e-wallets, pre-paid cards and bank transfers, which means that players should be able to find a banking solution that suits their own personal needs.
Choosing the right payment method for you can be daunting, particularly if you don’t have the time to thoroughly research each option. However, there are plenty of people who are willing to do the hard work for you. The folks at Casino Pilot, for example, have taken it upon themselves to provide an in depth look at the best online payment methods for Canadian players. In their article, which can be found at https://casinopilot.ca/banking, Casino Pilot discusses, among other things, the transaction speed of each method as well as whether or not a particular method can be used for both deposits and withdrawals.
Those of you who wish to play online casino Canada real money games will most likely focus on being able to make an instant deposit, which can be done with almost every method except bank transfer. However, you’ll need to keep in mind that some casinos will only allow you to withdraw your winnings using the same payment method. Therefore, using an instant banking method, such as Zimpler, would not be in your best interest.
Pros and Cons of E-wallets and Cryptocurrency
E-wallets and pre-paid credit cards feature heavily in the list of deposit methods online casinos offer, and this is because both of these options allow users to make transactions without divulging their bank account details. This sense of anonymity is appealing to many players and it certainly provides an extra layer of protection against cyber-crime. Two of the most popular e-wallets are Neteller and Skrill, however, the downside with both of these e-wallets is that by using them you may not be eligible for the welcome bonus in the online casino you’re signing up to.
PayPal is a name synonymous with online payments. Most of us are familiar with this payment method and many of us rely on PayPal for our internet banking needs. PayPal comes with its own pros, such as safety and transparency, and cons, such as slow transaction times when moving money from PayPal to your bank account. Not to mention the fact that many online casinos don’t offer it as a deposit method. The good news is that in the last couple of years a number of them now offer PayPal casino as a payment method. Which means that if you’re comfortable with using PayPal, there’s no need to look any further.
One of the latest payment methods to arrive on the scene is cryptocurrency. Bitcoin, and other cryptocurrencies like it, has entered the mainstream market, with more and more people integrating it for online payments. The anonymity associated with Bitcoin lends much to its appeal and many casinos have embraced it as the new way forward.
The downside here is the rate at which cryptocurrency currently fluctuates, so it’s perhaps best not to exchange too many of your hard-earned dollars into Bitcoin just yet because they might end up worthless. However, exchanging a little at a time and using Bitcoin to play casino games is definitely a viable option.
Once you’ve got a good idea about which payment method is going to suit your needs the best, it’s worth spending that little extra time and reading all the small print. When it comes to making an online payment, we think you should always choose safety above speed. Having both is, of course, ideal; and having no fees to pay is even better.
