Ontario: Casino payment methods of 2023

Elena Ivanovska Last updated on September 22, 2023

Checked by Dasha G.

Whether you’re topping up your bankroll or cashing out a prize, you need a reliable and secure way to transfer your funds. Want to learn more about all casino payment methods available in Ontario?

Here are all deposit and withdrawal options at your disposal, the pros and cons of using each method and what you should look out for when choosing the right fit for you.

Available online casino payments in Ontario, Canada

Whether you wager on one site or many, you need reliable casino payment methods. Gambling sites offer a wide range of options, from bank transfers to e-wallets, prepaid cards, credit and debit cards, all the way to bank transfers.

Not all online casino banking methods are available for Canadian players. In this section of the page, we have listed the 20 available online casino banking options in Ontario Canada.

You’ll also find information about how they work, expected transaction limits, and processing time. For additional information on payments, visit their individual pages and consult our real money online casinos in Canada overview.

E-wallet

PayPal

PayPal is probably the best option for secure deposits and fast cashouts. It’s accepted at a fair few casinos, keeps your card numbers safe, and usually offers instant deposits with sub-48-hour withdrawals. Making deposits with PayPal is easy, rarely taking longer than 5 minutes.

PayPal casinos

Interac

A well-known payment option at online Canadian casinos. Interac is easy, as pretty much everyone in Canada has it. Some of its benefits include fast deposits and withdrawals, and additional security through payment confirmation.

Interac casinos

Online banking

Instadebit

A Canadian bank-to-bank payment option that is rapidly growing worldwide. It’s accepted by a few of the leading online casinos in Ontario. INSTADEBIT has high-security measures in place, low transaction fees, and the transaction processing time is pretty fast.

Instadebit casinos

Electronic check

eCheck

Electronic checks or eChecks have been around for more than two decades, and their robust security protocols have kept them relevant. Transactions made using eChecks usually have lower fees than credit card payments. Also, players often have higher limits for making eCheck payments at an online casino.

eCheck casinos

Online banking

iDebit

iDebit allows online casino players to make transactions straight from the gaming site to their online bank account. The pros of using iDebit for online casino transactions are that it is fast, easy, and secure. Creating an iDebit account is free, and players can make deposits into their accounts from iDebit without any fee.

iDebit casinos

Card

American Express

American Express, also known as Amex, is among one of the leading and most convenient online payment methods. It is not currently accepted at Ontario casinos, but we expect this to change shortly — It’s available at the US variants of some of Ontario’s best casinos.

American Express casinos

E-wallet

ecoPayz

Popular among online gamblers for a number of years, ecoPayz is an e-wallet that gives users a host of advantages. As for how ecoPayz works, this transaction method is used in much the same way as a PayPal account, with all players being able to fund their ecoAccount through their bank.

ecoPayz casinos

Banking

Bank Transfer

When it comes to moving money, using your bank to transfer funds is one of the most secure and convenient options. You can use it to directly transfer funds from your bank account to your online casino of choice. The only downside is speed. Deposits are fast, but withdrawals can take up to 5 days.

Bank transfer casinos

E-wallet

MuchBetter

Founded in 2016, MuchBetter, is an award-winning payment app that is recently gaining popularity. Players use it for safe, fast, and secure transactions on several online casinos.

MuchBetter casinos

Mobile wallet

Apple Pay

Apple Pay is a third-party intermediary that permits players to deposit with credit or debit cards without exposing their card information. As for its speed, Apple Pay deposits only require a couple of steps, and funds transfer instantly to your online casino account.

Apple Pay casinos

Card

Mastercard

One of the most-used payment methods worldwide, it is a perfect option for Ontario online casino players who wish to deposit and withdraw securely. MasterCard on almost all online casino sites. Many have it available for both deposit and withdrawal. Standard speeds are instant deposits and 3-day withdrawals.

Mastercard casinos

Card

Visa

Another top-tier banking option, known as one of the most convenient and trusted casino deposit methods. It is available everywhere and used for secure deposits at the top-rated Ontario online casino sites. Visa deposits are instant, withdrawals can take up to 3 days.

Visa casinos

Prepaid card

Paysafecard

Paysafecard has become an increasingly recognized online casino banking option, thanks to its strong security. It offers multiple prepaid methods. Bettors buy Paysafecard codes from qualifying locations and use them to fund their casino accounts.

Paysafecard casinos

E-wallet

Neteller

Founded in 1999, Neteller is a premier electronic wallet specializing in transactions to and from your casino account. It has numerous benefits. Where it’s active, Neteller provides instant deposits and fast payouts. However, it’s largely unavailable in Canada at the moment.

Neteller casinos

Pay by phone

Zimpler

Basically, Zimpler is a pay-by-phone banking method that serves as a link between a player’s bank card and online casino sites. This means bettors do not have to share their banking details directly with gaming sites. Transactions can be made quickly via phone number. It’s taking its time coming to Canada.

Zimpler casinos

Mobile wallet

Google Pay

To make online casino deposits via Google Pay, gamblers can fund their Google Pay accounts using a variety of methods. This includes credit cards, debit cards, PayPal, and Interac, among others. Then, they can transfer funds from Google Pay to their online casino site.

Google Pay casinos

E-wallet

Trustly

Trustly is a safe e-wallet-like method perfect for online casino gamblers who value convenience. It allows players to pay through their bank accounts while acting as a middleman between players and casinos, adding a layer of protection.

Trustly casinos

E-wallet

Skrill

When it comes to online banking, Skrill is a top-rated online deposit method that has been in the market for quite some time. Its availability fluctuates, and while it’s been in Ontario before, no casinos are running it presently.

Skrill casinos

Prepaid card

Neosurf

An up-and-coming payment method, already available at a couple of ON online casinos. In the same vein as operators like Paysafecard, Neosurf allows players to buy a prepaid voucher code and deposit with it online. You can also make an online My Neosurf account, and pay through that.

Best operators for reliable casino payment options

The best online casinos in Ontario are usually the most popular among players, based on the variety of casino deposit methods, availability of top casino games, etc.

However, different people have different requirements. Some want tournaments and a big game library, others want a wide range of online casino payment methods and speedy withdrawals. Some opt for new Canadian online casinos which may offer perks — like more in-demand payment methods.

Our list here is curated to the ones which are the best for payments. Still, casinos are more than that, so feel free to check each Ontario online gambling site’s page before committing. Below, we recommend safe, licensed casinos with a good variety of deposit and withdrawal options.

Editor's note

This overview is based on the current offer in Ontario; the information you see, and our recommendations, may change as the market grows. Rest assured that we’ll keep our data updated to reflect the latest offer for Canadian players.

Top-rated online casinos provide their players with a wide range of payments. The aim is to allow players to choose the best one for them, and move their money around without complications.

When picking online casino sites, we recommend that players shoot for gambling websites that offer good online casino mobile apps with mobile payment providers.

Since many top payment methods have mobile authentication, we find it way more convenient when we can handle an entire transaction through one device.

Choosing casino payment methods: What to consider

Not all payment providers are equal. We understand that different people have different online casino payment needs. So when it comes to casino gambling and banking methods, there are a few key factors that can make the difference.

Criteria include factors like cashout speed, safety, deposit speed, fees, and maximum deposit and withdrawals. We also highly rate places that offer some more uncommon payment methods, like eCheck payments or the option to pay by phone bill.

Here, we’ll run you through the criteria we look at when we’re rating casinos for our data-driven casino reviews. The goal is to give you insight into what to expect from the market, so you can make informed choices. This is all payments-specific, so it’s also worth checking the obvious stuff too, like whether your favourite casino games are available.

Withdrawal speed
Identification and anti-money-laundering protocols apply everywhere. You will be subject to these restrictions even if you play at the fastest payout online casino. Because of that, payments take a while to be processed, and different payment methods have different typical payout times. The best paying online casinos will process your winnings in under 24 hours, though even good casinos can sometimes take up to 5 days. As for individual methods, what’s typical? In our experience, 3 to 6 days for credit or debit card withdrawals, 1 to 3 days if you use an e-wallet, and up to 8 business days if you use a regular bank transfer.
Deposit speed
Deposit processing times vary from casino to casino, but happily, most offer instant deposits on the majority of methods. Cards, e-wallets, etc. should all process instantly. If deposits aren’t instant, they should take 5–15 minutes on average. Some methods can and do take 30 minutes, but those are quite particular cases. One example would be PayNearMe, which has you print out a code online, then pay for it in cash at a participating store. From the time until your cash payment is processed, and the store communicates your payment to the PayNearMe casino and links it up with your account, it typically takes around half an hour.
Safety and anonymity
You’ll want to choose a banking method with a strong security protocol and a safe online casino to play in. That way, you can rest easy that your personal and financial information won’t fall into the wrong hands. We recommend using payment methods that do not share your card details with every payment, like PayPal, or Paysafecard, or ones like Interac and MuchBetter, that require you to confirm transactions on your phone, acting as a form of 2-factor authentication. Make sure your casino site is SSL-secured. This ensures that customers’ data is processed and stored securely. To check this, ensure the website’s URL begins with https rather than http. To get SSL key details, it depends on your browser, but you can often start the journey by clicking the padlock icon in the URL bar.
Fees
Most casinos won’t charge you deposit and withdrawal fees themselves, but some do. We generally recommend avoiding those — it’s not malicious practice or anything, but when others don’t charge you for the same thing, it’s just a waste of money to stick to ones that do. Payment providers do have fees for certain services, though they won’t all charge you for directly putting money into or out of a casino. PayPal, for example, tends to charge fees when you withdraw money from your PayPal account to another bank account, rather than withdrawing money from a casino to PayPal. When you do come up against fees, strategise according to what suits you best. For example, say PayNearMe Express has a flat rate of C$3.99 per transaction. It’d be very steep on a C$10 deposit. But if MasterCard charges a 2% fee, then that C$3.99 will be much cheaper on a C$500 deposit.
Min and max transaction
There are a lot of payment providers out there, suited to different things. Depending on your payment method, you’ll be faced with different minimum and maximum transaction limits, which should affect your choice. Low minimum limites and high maximum limits are obviously the most flexible. For example, at LeoVegas Ontario, a minimum deposit of $10 is required to start wagering. $10 is a pretty standard minimum on both deposits and withdrawals, but some best online gambling sites like PlayOJO, don’t set a minimum withdrawal at all, to make themselves extra player friendly. For payment methods themselves, e-checking methods usually have the highest limits, and cash-based methods like Paysafecard are generally the loser, often at just $500 per day.
Ease of use
No one wants to spend hours figuring out how an online payment method works. Many of the leading online casino payment methods make their transaction process pretty straightforward, and we do a step-by-step guide on every payment page. Most payment methods also do quick tutorial videos on their Youtube channels, so be sure to check those out. In general, cards and e-wallets are quite quick, with cash-based methods and bank transfers requiring the highest number of steps.

How to deposit and withdraw winnings

Depositing is often slightly easier than withdrawing, simply because withdrawals have to go through anti-money-laundering processes, which often need an extra document or two uploaded.

Player verification is required by all Canadian casinos that are regulated by authorities such as AGCO. This stops underage gambling, and people playing on multiple accounts. It also catches out people who make chargebacks on their deposits after winning or losing money.

Most Canadian casinos would demand a scanned copy of a passport, driver’s license, or an ID card. A recent utility bill (for example, water or electricity), bank statement, or other official government documents are sometimes required.

Withdrawal times are another thing to consider. Most casinos have an internal AML processing time of 1-5 business days, which you should tke into account when calculating the total time between requesting a withdrawal and receiving your funds.

How to make a deposit:

Log in to your online casino, and tap the cashier button to head over to the banking page.
Choose your payment of choice for online casino deposits.
Enter how much you’d like to deposit. In Ontario online casinos, this will be displayed in CAD.
Follow the on screen prompts. If your payment method requires verification from another device, such as your mobile phone, you should receive a notification.
Confirm your payment, and wait for the funds to appear in your online account. With most payment methods, this should happen within a few seconds.

How to make a casino withdrawal:

Head over to your online casino banking page and select withdrawal.
You will be prompted to choose your preferred method of payment.
Fill in any necessary payment details, including the amount you want to withdraw.
Submit any pending documents to fulfil legal requirements. ID, recent utility bills, a passport, etc. may be required.
Wait for your withdrawal to be processed.

man-and-woman-carrying-cash-next-to-a-wallet-with-coins

Safe casino payment methods in Ontario, Canada

When it comes to choosing a quality online casino with a diverse range of casino payment methods in Canada, players have a lot of options. However, not every casino runs every payment method, and sometimes, casinos and providers stop working together. Having backup online casino payment options is always a good idea. Most of them run credit cards and bank wire transfers, though.

Regulated casinos in Ontario prohibit the use of crypto payment methods for an online casino deposit or withdrawal.

Playing with loaned money is also ill-advised, and often illegal. For casinos, there’s a history of players defaulting on loans. Ontario’s publicly-owned resort casinos have lost C$10 million when giving free house credit since 2018. Four casinos gave free chips to 605 gamblers whose accounts have gone into default, averaging C$17,000 per unpaid account.

For players, borrowing money to gamble is a bad idea. Wins are not guaranteed, and if you’re risking more than you can afford, borrowing money will only make financial difficulties worse. Be diligent.

Best casino payment methods: What to keep in mind

As a result of the recent legislation to legalise online gambling in Canada, the number of online instant play casinos is increasing.

Casino games are available on a variety of platforms, including mobile devices, computers, and tablets. With so many on the table, finding the perfect one can be a challenge.

So, how do we do it here at Time2play? Here are some pointers to help you tell a legit casino from an illegal one, and to help you choose the best of the good ones:

Look for a licensed operator — All regulated casinos will be licensed by the Alcohol and Gaming Comission of Ontario (AGCO), and display the iGaming Ontario (iGO) logo on their site. They’ll also be listed in iGO’s list of regulated sites.
See the games on offer — Look for high-profile studio names like NetEnt, Microgaming, IGT, and Playtech. The more the better, it’s a clear sign that the casino is incesting in player experience.
Check out customer support — 7-day-a-week live chat should be offered, preferably 24/7. Give it a couple of test runs with some simple questions before signing up, to get the measure of the people who are going to be running the show if you ever have an account issue.
Check out the payment options — Average casinos in this category run about 4 different ways to pay. The best ones can get around 10 or 11. Preferably, you’d have a wide choice, covering different casino payment methods from cards and e-wallets to cash and e-checks.
Site & app quality — Spend a few minutes clicking or tapping through the different menus, load up some games, see if the search function is any good, and whether there are any options to categorize games or make a favourites list. If we have to wait a full minute for each page to load, the score in the usability section of our casino review for that spot won’t be impressive.
Trusted by players and experts — Read reviews, and not just ours. Our patented Playscore amalgamates review scores from other operators on the web, to give you an easy overview of how the market rates a casino. Our Expert Rating is a separate number that’s based solely on our data-driven approach to reviewing. We’ll add community review eventually, but till then, you can always check out what people on Reddit and Trustpilot have to say about each casino, though take those with a pinch of salt, there’s no way to fact-check them.

FAQs

How do I deposit money at a casino?

Ontario casinos offer a variety of deposit methods. While some are deposit-only, others allow you to withdraw your winnings. To deposit money into your online casino account, follow these steps: 1. Create an account. 2. Verify your identity. 3. Head to the cashier section. 4. Choose a deposit method. 5. Enter the amount you want to deposit. 6. Confirm and pay. We go into more detail in our ‘get-started’ section.

In the end, money is money, and deposit methods come down to personal preference. When it comes to withdrawals, some casinos are faster than others, so choosing a casino with a quick withdrawal time may be preferable. You can check out some of our highest-scoring payment casinos above.

What are the best casino payment methods?

The three most common payment options amongst Canadian players include: Paypal: In Canada, PayPal casino sites are becoming increasingly popular thanks to their ease of use. Also, all transactions are encrypted and secure. PayPal-accepting Canadian online casinos are more likely to be trustworthy, and accessible safely via mobile devices.

Interac: The second option in our top casino payment methods list is Interac. Because it automatically works with Canada’s big five banks, and many smaller ones, it’s an easy way to pay that requires almost no setup. It’s low-fee, and can be used for both deposits and withdrawals.

Visa and Mastercard: Nothing too fancy to say about these, just that they’re accepted practically everywhere, and that you probably already have one.

Check out our breakdown of the top Canada casino payment methods for more.

Can I use Visa or Mastercard at online casinos?

Visa and Mastercard are two of the most widespread deposit methods available to Canadian players. Most casinos accept both, but not every casino offers withdrawals via these methods.

In general, it’s safe to say that the best online casinos in Canada accept Visa and Mastercard, or e-wallets through which you can funnel funds using your Visa or Mastercard.

Which payment providers are safe and secure?

When it comes to finances, you can rest assured that all top payment providers recommended by us can be trusted. We only recommend licensed casinos, we’re not about to start recommending unsafe payment methods.

To ensure that your gambling experience is always safe and responsible, verify that the casino of you choice also offers additional security measures like 2-factor authentication.

Do online casinos use e-wallets?

Yes, casinos in Canada welcome e-wallets as a method of depositing and withdrawing money. Common e-wallets available at Canadian casinos include Paypal, ecoPayz, iDebit, Instadebit, and MuchBetter, among others.

The security features of e-wallets are one reason they have become popular payment methods. They act as an intermediary, so that no matter how many casinos you play at, only one institution (your e-wallet) has your card number. Check out the top e-wallets at Canada casinos.

Do online casinos take bitcoin?

No, bitcoin is not accepted by Canadian casinos. It’s an illegal payment method for casinos in Canada.

The price volatility of digital currencies is one core issue, along with the difficulty of tracking where payments come from, for anti-money laundering reasons.

If you come across an online casino that accepts Bitcoin, you should avoid it, as it’s probably offshore.

How do online casinos make money?

Overall, online casinos, like land-based casinos, make money through a ‘house edge’. The house edge is low enough that individual players can make a profit, but the casino will always come out ahead on average.

When it comes to slots, the house edge is expressed in reverse — as the Return to Player (RTP). Although every regulated casino guaranteed a fair distribution of losses and winnings, statistically speaking, the casino always wins.