Best Withdrawal Methods For Canadian Players

Faced with a wide selection of payment options, punters are often overwhelmed by the extent of local regulations, country restrictions, as well as potential obstacles and hidden fees associated even with most attractive on first glance alternatives.

Today, Canadian players are accepted by many online casinos but does that mean all of them offer banking solutions tailored for users that live in the Great White North?

Well, unfortunately, in reality, it is not the case – at some places you are very welcome to open an account but just to figure out that you, actually, cannot find a proper way to place bets or net out winnings.

As we all know, numerous advantages of e-Wallets are hard to overestimate, therefore they enjoy far higher popularity among the gambling community than globally spread VISA and MasterCard or bank wire transfers famous for long pending periods applied for withdrawals.

To avoid any disappointments …

… and waste of time, set aside a couple of minutes and take a look at the best options to suit specifically Canadian residents.

For more details on a particular casino, read our in-depth reviews packed with ins and outs connected to all aspects of its operations.

InstaDebit

Available exclusively to Canadian residents, InstaDebit is a safe and secure online payment solution, extremely popular among the punters due to numerous advantages. If you have a bank account at one of the Canadian financial institutions, you can create your InstaDebit account during your first transaction free of charge and start using it immediately.

While the eventual prize …

… automatically (and fee-free) deposited into your InastaDebit balance account, is at your complete disposal, bear in mind that due to the 28-Day Balance Policy introduced in May 2019, customers cannot keep funds in their balance for longer than 28 consecutive days. This is to say, you have to either withdraw the entire amount or simply re-redeposit it.

Except for mentioned above innovation, this option remains one of the most convenient methods to get your winnings. It supports both CAD and USD, the funds show up in your bank account within a reasonable time frame of 3-5 business days and for a reasonable charge of CAD 2.00.

iDebit

At the core, iDebit is very similar to InstaDebit but covers more than 20 countries around the globe. Although there is a slight difference between the two in depositing funds, when it comes to withdrawals, both methods work exactly the same.

Doing what a credit card would do but in a much faster and simpler way, this perky option is recognized by major Canadian banks and is popular among the players. Just as InstaDebit, it imposes the 28-Day Balance Policy, delivers funds to your bank account within max 5 business days and has a flat rate of CAD 2.00 for this operation.

EcoPayz

Affected by restrictions applied by Skrill and Neteller, Canadian players had to switch to EcoPayz and take advantage of its ecoCard or ecoVirtualCard. While ecoCard is a prepaid Mastercard, its virtual counterpart is, in fact, a one-time solution that expires after just one use.

The idea behind such a concept was to ensure maximal protection of data, depending on the status of your card, you are eligible for 3, 4 or 5 ecoVirtualCards per day.

Widely accepted on a global scene and offered by the majority of sites, it is a reliable and highly secure option, though it has a couple of weak points: MasterCard backing comes along with pretty high fees, and, Canadian Dollars are not featured.

Interac

Committed to being a low-cost, economical payments provider, Interac is one of Canada’s leading payments brands that emerged on the market in 1984.

Among an array of various services offered by this company, its e-Transfer is the one that deserves the attention of players from this country. Although not available for international banks, it is a safe and almost instant option offered by a number of renowned web-based casinos.

Use full benefits of online and mobile banking and send or receive money without sharing your personal financial information. The protection of all transaction is at the highest level, a small fee is charged when funds are received into your Interac account.

MuchBetter

A relative newcomer in the industry launched in 2017, MuchBetter is a payment app that can be downloaded on any Android and iOS device. Creating an account is a piece of cake: an electronic copy of your ID is enough to enter the verification process.

Available for use while offline …

… it is a safe, fast, and - no less important – low-fee channel for real-time transactions (funded directly from your bank account) and instant withdrawals. The latter can be done by simply entering the cashier of online casino and requesting a transaction to your phone number.

For instance, Interac withdrawals are sent in two parts: as a text message with the password and email with instructions. However, if you have an Auto-deposit option enabled, the money will be automatically sent to the bank account linked to your email address.

Further Reading

• Online Casinos that accept players from Canada
• New Casinos Canada
• InstaDebit vs iDebit at Online Casinos
• No Deposit Casinos Accepting Canadian Players
• No Deposit Codes For Canadian Players
• Canada Casinos' Tournaments
• Cashback Offers for Players from Canada
• Best Online Slots For Canada By Payout Percentage
• Top Online Casinos for Canada
• Canadian Dollars Casinos
• Casino Banking Methods for Canadian Players