Making deposits and withdrawals might not be the most glamourous subject in the world of online sports betting, however it's an important one. That's why we've created pages on all the most common payment options, meaning you'll be able to find the perfect way for you to deposit and withdraw when you bet on sports online. Read through our pages to see which banking option you should be using in 2024!
On this page you'll find out:
Choosing the best banking option for you is absolutely vital when you gamble online, especially when it comes to security. While all the methods listed on this page are perfectly secure, some will feel more comfortable with certain options. For example, some might have no issues using a credit card online, while others may avoid giving their card details to an online site, and choose an option like PayPal instead.
Different payment options also have different costs attached to them, so it's important to weigh these up before choosing which banking option is right for you. Additionally, you'll find that some payment options lead to sports betting bonus offers, such as free bets, while others don't, so check this before you next add funds to your chosen online sports betting website.
Keeping your details - both banking and personal - safe online is very important, and luckily something that's easy to do. Firstly, you should only ever play at a sportsbook that's overseen by a reputable regulatory body, as this ensures that the site is fair and that they won't misuse your personal and banking details. Also, you should only ever deposit money at a site that uses SSL encryption technology, as this makes it pretty much impossible for an unauthorised third party to steal your banking details.
There's no need for you to check through the security features of a site yourself though, as we've already done it for you. We guarantee that every single one of our recommended online sportsbooks is completely safe and secure, and we'd never recommend a site that we even slightly suspected of having a lack of security. You can see our list of recommended sites by scrolling to the top of this page.
Gamblers in Canada can absolutely trust us to find the safest places for them to gamble, but why exactly is this?
Firstly, we pay a massive amount of attention to safety and security. It's the first thing we check at any sportsbook and we won't recommend a site if we have an inkling that something is amiss. What's more, we'll never recommend a site unless it's properly regulated by a reputable external organisation.
You can also trust us to find safe and secure online sportsbooks because we're not owned or operated by any online gambling company. This is important, as it means we can be impartial, and that we'll tell you if we ever have suspicions about an online gambling site.
We only recommend safe betting sites
We're completely independent
Our team checks site security comprehensively
Our reviews are well researched
Our reviewers are all experienced gamblers
T&Cs Apply to All Bonuses. 18+ only. Gamble Responsibly.
If you've read the above, you should now know that there are loads of different ways to deposit Canadian dollars at online betting sites. All you need to do now is find the top sportsbook for you, and then choose how to add your funds. You'll then be moments away from betting on sports and hopefully winning a large amount of money in the process!
There are few differences between the two, both allow for instant deposits, however, debit cards have a slight advantage as you only have access to the money currently in your bank account, meaning you can't spend money you don't have.
Yes. Online casinos are not regulated in terms of how they pay, therefore, they can take longer to release a payout, especially if they're auditing big winnings.
This depends solely on the casino and the withdrawal method you're using. The fastest and cheapest online payment method tends to be e-wallets; however, they are subject to small transaction fees. Bank transfers and Neteller are also popular options. Many online casinos expect you to use the same deposit and withdrawal method, particularly when it comes to credit cards and debit cards.
Anything from almost immediately to up to a few days. The processing time is dependent on casino policy and payment methods. For example, PayPal is almost immediate.
In Canada, gambling winnings are not considered taxable income. Due to a lack of laws surrounding gambling activity, winnings are currently considered 'prizes' under the Income Tax Act.