When funding a betting account, it is vitally important that each betting site has a variety of deposit options. Some of the most popular methods in Canada include:
Credit/Debit Cards – This is the most popular way of making a deposit, and many Canadian players will use their credit or debit cards to fund their accounts. Visa and Mastercard are the quickest ways of depositing, and these transactions tend to be completed immediately. Typically, there is no additional charge for using this method.
E-Wallet – E-wallets have become incredibly popular over the last few years, and these allow users to have a separate online fund. This helps bettors keep wagering funds aside. Transactions using e-wallets are extremely speedy, and withdrawals tend to be quicker when using this method. Popular e-wallets in Canada include Skrill, PayPal and Neteller.
Pre-Paid Cards – Methods such as PaySafeCard allow users to fund their accounts using a 16-digit code. These vouchers can be purchased in a variety of places including local outlets, and they allow players to keep close control of the amount of money they are wagering. Unfortunately, withdrawals are not possible using this method.
Bank Transfers – Online bank transfers make it extremely quick and easy to fund a betting account. These are very popular with big-stakes bettors. Unfortunately, there is sometimes a delay with these payments, and some online betting sites will take up to 24 hours to process these transactions.
eCheck – This is a very efficient way of funding an online betting account, and is therefore very popular with Canadian players. However, the withdrawals can sometimes take up to five days to complete.
iDebit – This is a relatively new method that allows players to safely transfer money from their online banking account into their betting wallet. This has become very popular with tech-savvy bettors, and it is quick and easy to move money between the two locations.