As you know that as Canadians can’t use PayPal to fund poker accounts directly, and there are methods to make use of PayPal to transfer your poker money to a third party to get you some poker chips. So players often sought for other deposit alternatives at online casinos to fund their casino account. Here are a few of them to explore and use them at online poker sites as well as casinos or sports bookies.
Almost all the Canadian Poker sites and online casinos offer Instadebit as one of the deposit options to play poker and slots in real time with real CAD. It is a secure online payment option that lets you make payments to casinos directly from your bank account. You simply select the Instadebit option on a mobile casino cashier page, log in to your Instadebit account, and approve the transaction. If you don’t have an Instadebit account, you will be able to create one and register your bank account easily during your first transaction.
Instadebit is available to Canadian residents with a bank account at a Canadian financial institution. To use the service, you must be at least 18 years old and will need to provide your date of birth and the last 4 digits of your Social Insurance Number (SIN) in order to confirm your identity and protect your payments.
You need to provide your bank transit number (5 digits), financial institution number (3 digits) and account number (up to 12 digits), which can all be found at the bottom of your personal cheques, or you can contact your bank to request this information.
When you create an Instadebit account for the first time it will make a small deposit into your bank account. The deposit will be less than $2.00 and will appear in your bank account within 3-5 business days. You need to know the deposit amount in order to verify your bank account to increase your spending limit. You are given a temporary transaction limit immediately after creating an account, and once you verify your bank account, you will receive a higher spending limit.
You can view your Instadebit transaction history by logging in to your account at the top of this page.
Remember there is no charge to create an Instadebit account but a $1.95 CAD charge to make a payment to a casino from your bank account. There is no charge to make payments from your Instadebit Balance Account, however.
In case of withdrawals if you win playing slots with real money, there is no charge to transfer these funds to your Instadebit Balance Account. But there is a $2.00 CAD charge to withdraw funds from your Balance Account to your bank account. Please note that you may be charged a fee by your bank for NSF transactions.
Also note that you are only permitted to register one bank account with Instadebit, and are not able to split payments between different accounts.
All payments made to online poker sites and casino using Instadebit will appear on your bank statement as either Instadebit.com or 1-877-88DEBIT.
Funds will be removed from your bank account 0-2 business days after approving your transaction.
Your wins at the mobile casino will automatically be deposited into your Instadebit Balance Account.
To withdraw funds, log in to your Instadebit account. Your account balance will be shown on the profile page, and you can enter the amount you wish to withdraw. It takes approximately 3-5 business days for the funds to clear through the banking network and appear in your bank account.
Also remember that Instadebit currently supports U.S. and Canadian dollars.
In case you use another currency and not CAD then currency conversions for deposits/payments are made at the day’s exchange rates and include a fee to compensate for the currency risk involved in the provision of the service. Similarly currency conversions for withdrawals are made at the day’s exchange rates and include a fee to compensate for the currency risk involved in the provision of the service.
Suppose if you play at US friendly online casinos your winnings at that casino will be credited to your Instadebit Balance Account in USD, and this balance can be used to make payments to merchants in USD. If you withdraw the funds to your Canadian bank account, the USD will be converted to CAD when the deposit is made to your bank.
Neteller is an ewallet which was founded in Canada back in 1999 and stayed local for a couple of years, until in 2004 the company moved their headquarters to the Isle of Man. They are still a very popular payment method for Canadian players as they understand all of the local laws and regulations.
While Neteller isn’t a bank, they still adhere to the Financial Services Authority (FSA) which requires them to keep their clients’ money in a separate trust account. This will allow them, in case of need, to pay out the balances of every client account at the same time.
The first thing you’ll need to do is create an account with Neteller. You only need to provide some basic personal information, which currency you plan on using and a password.
Once the account is active you can fund it by using either a credit or debit card, bank transfer, or moving the money with a 3rd party e-wallet service. You will need to have money in the Neteller account in order to transfer funds into your mobile casino account. The processing time will vary based on which method you use to fund the Neteller account, so make sure there is money available when you visit the Cashier at mobile casino or online casino Canada.
At the Cashier page of mobile casino, you will select the E-wallet payment method option, and then click on Neteller. There will be a pop-up window with some instructions and here you will enter in your account ID and secure ID password that you received when creating the account. The money will be instantly transferred to your casino account and you can begin playing all your favorite slot games for real money.
Note that Neteller is safe and secure to use and as an added layer of security, Neteller recommends that their clients add a two-step authentication process to increase protection from the users side of things. This will require you request and input a PIN code that you will receive on your phone with every transaction.
Note that a foreign exchange (FX) fee of 3.99% will be applied to any Neteller transaction which involves changing currencies. There are also Neteller Prepaid cards that you can use when making a deposit at casinos to play real money slots.
Bitcoins are one of the cryptocurrencies that are now used at almost all of the Canadian friendly online casinos. This payment mode because it’s instant, secure and anonymous. This means you do not have to spend too much time fiddling with your bank accounts, or worrying for safety of your online transactions or for your privacy. It’s simple, quick and reliable.
Bitcoin is legal in Canada and is regulated by anti-money laundering legislation and counter-terrorist financing legislation.
To play slots with Bitcoins you obviously need Bitcoins and the easiest way to get them is through a bitcoin exchange. So how that works is:
- Create a wallet at the bitcoin exchange: All you need is a verifiable email address to get started.
- Once you’ve selected and signed up for an exchange, you can begin buying or transferring money to your exchange bank account.
- Once money is deposited, you can choose to ‘Buy’ or ‘Trade’ the bitcoins,. The pricing will always vary depending on supply and demand.
- Once the bitcoins are purchased, you can transfer your bitcoins from the bitcoin exchange to your wallets.
There are different methods through which you can purchase bitcoin. Also, there are many currencies you can use to buy bitcoin from different exchanges. After buying bitcoins you will be allowed to use them anywhere you want and enjoy anonymity and safety. Another thing is that you can exchange your bitcoin into fiat currency through any of your selected bitcoin exchanges online.
You can buy it from traders for a marked-up price. Also there are over 600 bitcoin ATM in Canada where you can have Bitcoins easily whenever you want.
Slots can be played at Bitcoins online casinos without any effort. Like you generally play casino games and slots at Canadian friendly online casinos in same way you play with Bitcoins. All you need to get to Bitcoin casinos or casinos that have BTC as currency of deposit listed in their banking page. When playing real money slots simply choose BTC as your mode of payment at Bitcoin casinos. The Bitcoin casinos will convert your bitcoin into their base currency that is CAD and the exchange rate will be boldly displayed in the bank interface on the site.
Although you can’t use a bank account, credit card or cheque, avoiding the conventional banking system means transactions are faster. Using conventional currency, cashouts can take days, and cheque deposits up to a week. Bitcoin transactions are usually complete within minutes. Bitcoin casinos have no transaction costs. All transfers are peer-to-peer, so there are no middlemen to pay. Multi-currency casinos often make charges to deposit or withdraw using a credit card, and the providers themselves may have fees. The same can be true for e-Wallets and banks.
iDebit is another popular deposit option available at most of the reputed poker casinos of Canada. It allows you to directly pay online casino from your bank account. It is popular in Canada because it works with the Bank of Montreal, Canadian Imperial Bank, Desjardins, National Bank, Royal Bank of Canada, Scotiabank, TD Canada Trust and even Simplii Financial. The unique thing is that, you don’t have to pre-register for an account with iDebit to begin using their service without giving any of your financial or personal information.
So you can sign up for an account now or check out as a guest, then log into your bank with the same username and password you use to access online banking to approve the transaction. Your banking credentials stay securely between you and your bank and no personal information is shared at casinos.
To use iDebit, you must be 18 or older and have a bank account with online banking at one of supported banks. To create account is free, to make a payment from online banking you will be charged CAD1.50, and when you transfer funds from iDebit balance to bank account you are charged CAD$2. To get back your wins through iDebit is free.
The most recommended deposit option for Canadian poker players is called Skrill. Also known as Moneybookers, Skrill lets you open an online account and fund it directly from your bank account, debit card, and most brands of credit cards. You can skip out on PayPal altogether and fund your account right from your bank with Skrill as a middleman. The requirements for Canadian customers include a one-time security check. After that you can make all the payments and deposits you want without additional fees or wait times. Most of the online Canadian poker sites still accepting wagers are willing to work with Skrill.
Then another alternative to PayPal is UseMyBank which is similar to Skrill, and is a “third party account” to move money between your bank account or credit/debit cards and your poker player account. Making a payment or deposit with UseMyBank is actually more secure than Skrill, because all the recipient sees is your email address.
There are plenty of other e-wallet services like Skrill and UseMyBank that some Canadian facing online poker sites will honor. The best thing is to check out with the payment transfer method at Canadian online poker site you are interested in. You’ll see names like Click2Pay and ePassporte, all which work very much the same way as the two mentioned above. Also you can call the customer support team or contact them by email or live chat and ask them directly about any other PayPal alternative they provide as banking mode to the casino to play poker games.
Canadian online poker play is very strictly controlled, and according to industry experts there may never be a time when Canadian citizens will be able to move money straight from their credit cards to their chosen online poker site. That’s why alternatives like e-wallets and prepaid cards are still necessary to play poker online in Canada.