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Deposit & Withdraw at Top Canadian Sportsbooks

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 2020!

On this page you'll find out:

  • Why choosing the right banking option is important
  • How to keep your personal details safe
  • The best sports betting banking options available

Credit Cards

Depositing using a credit card, such as VISA or MasterCard, is a really popular option as it allows you to defer payments until the end of the month. What's more, deposits are usually free and really quick.

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Debit Cards

Debit cards are the most popular way to make sports betting withdrawals and deposits. This is because they are generally completely free to use, offer instant deposits and have a number of strong safety features.

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PayPal

When it comes to sports betting, PayPal is great. This is because it acts as a middleman, so you won't need to input your personal details at the gambling site. Fees are also favourable when compared to similar banking options.

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MasterCard

MasterCard is perfect for making deposits at sportsbooks, however MasterCard withdrawals are rarely offered. You can feel completely safe depositing with MasterCard, as they spend millions on security every single year.

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Skrill

One of the most popular e-wallets in the world, Skrill is accepted at pretty much every online sports betting site in Canada. Skrill fees are pretty low, deposits are instant, and the whole Skrill process is really easy.

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VISA

VISA is the world's biggest credit and debit card company, and it's accepted at nearly every online sportsbook in CA. VISA is free to use, has loads of strong security features, and offers free deposits and withdrawals.

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Neteller

Neteller has long been associated with the online gambling industry, and gambling still accounts for much of Neteller's popularity. Reasonable fees and fast transactions are the main reasons why it's used, however it's also really safe.

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Importance of Choosing the Right Payment Method

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 Safe Online

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.

Trust Us to Find Safe Sports Betting Sites

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

Top 5 Online Betting Sites
October 2020

Rank Rating Offer Payment methods Features
Rank
Rating
4.5/5
Offer
Deposit match 100% T&Cs Apply
Payment methods
eCheck
Visa
EntroPay
+ 5 more
Features
In-Play Betting
Best Odds
Free Bet Club
Rank 2
Rating
4.5/5
Offer
Free bet $30 T&Cs Apply
Payment methods
VISA
Mastercard
ecoPayz
+ 7 more
Features
In-Play Betting
Best Odds
Special Offers
Rank 3
Rating
4.5/5
Offer
Deposit match 100% T&Cs Apply
Payment methods
Visa
Citadel
iDebit
+ 5 more
Features
In-Play Betting
Live Betting
Live Casino
Rank 4
Rating
4.8/5
Offer
Odds Best T&Cs Apply
Payment methods
EcoPayz
iDebit
PaySafeCard
+ 5 more
Features
In-Play Betting
Live Betting
Instant Access
Rank 5
Rating
4.5/5
Offer
Deposit match 100% T&Cs Apply
Payment methods
Visa
Mastercard
entroPay
+ 3 more
Features
In-Play Betting
Best Odds
Live Casino

T&Cs Apply to All Bonuses. 18+ only. Gamble Responsibly.

Find a Fantastic Betting Site Today

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!

FAQs for Payment Methods

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.