Casino Payments: The Different Types of Banking Methods You Can Use

Our gamblers guide now delves into the payment options you face when banking with online casinos. Here we take a look at the most popular methods that are accepted by the Canadian casinos online. The methods range from common ways to perform transactions to those which are considered to be alternative and new ways of handling money. So here is a brief run through your options.

Banking Option #1 : EntroPay – Alternative ewallet banking option used and approved by casinos in Canada

Referred to as an ‘virtual’ online visa, EntroPay is one of the newer banking models on the market in Canada. The payment tool is laced with 128-bit encryption software that will protect you from every outside threat. The method can be used for standard payments, has its own app and is regulated by the UK FCA. 777 Casino, 888 Casino and Bwin casino accept this payment term.

Banking Option #2: Skrill – Definitely one of the Leading systems that is fully regulated by the FSA

The Skrill payment service is available worldwide and since it began back in 2001, it’s become a key option for all major and lesser known casinos throughout. It’s supported by over 200 countries and 30 different currencies. This is what is known as a ewallet. Think of the option as a middle man, you deposit money into your Skrill account using your regular banking account, because the casino may not accept the original, and then you use the Skrill to transfer the monies over. Sites like Jackpot City, LeoVegas and LetsBet accept this option.

Banking Option #3: InstaDebit – One of Canada’s own largest banking option for payments and cashouts

Supports by all banking institutions in Canada, InstaDebit is again working under the same principle as the Skrill account. Though not classed as a ewallet the function works more like a cheque. This is still and online paying function that will accept withdrawals and refunds. So casinos online can pay your winnings back into this account. Casinos like Night Rush and Mansion Casino use this banking feature.

Banking Option #4: Paysafecard – Another one of the largest global financial services accepted by casinos

Accessible to over 40 countries, including Canada, the Paysafecard has a reach that extends over a billion customers and can be used within over 5000 establishments online. The option of using this inside casinos varies, some online establishments approve of the option to deposit with this account, but not able to withdraw back into it. Some on the other had approve both forms. Casinos such as Cherry Riches approve of this service along with every other online operator there is.

Banking Option #5: EcoPayz – Often found in the top 5 most-used banking services online for gambling sites

Fast, simple, easy and effective, you name all the buzz words and it justifiably suits the service of this alternative online banking method, EcoPayz. This is an alternative to your more traditional banking cards such as MasterCard and Visa. You get the same benefits as you would with any major credit card as it incorporated SSL encryption technology, it can be used for physical payments, comes with its own app software and is free to use. Yeti Casino, Royal Vegas and Rivera approve of this banking option along with many other establishments.