Canada’s Top Online Payment Services
Online casinos have been around for over 20 years. Gone are the days when a gambler could easily sign up to an online casino and deposit using their credit card. In fact, many credit card companies have made changes in their policies when it comes to online gambling. Some countries have gone as far as banning credit card use completely. Over the years numerous payment services started appearing online. If you were to run a quick search for online payment services, there is no doubt you would find an abundant amount of options to choose from. In Canada alone there are a wide selection of online payment services available.
So how can Canadians know which service is best suited for them? Below is a list we’ve compiled of our favourite online payment services currently available in Canada. Some services are based in Canada and some are located outside the country. Read on to see which service might be right for you.
One of the most famous and well-known payment services available today is PayPal. Ebay created PayPal with the express intent of being able to accept payments while shopping on their site. This allowed buyers and sellers to send payments or refund payments without having to use their personal credit cards or associate any bank accounts. Over the years PayPal has expanded to become one of the most commonly used payment services in Canada.
Whether you’re shopping online or depositing at your favourite online casino PayPal is accepted on most e-commerce or gambling sites. PayPal allows you to connect a credit card and bank account to your PayPal account. You can then simply make a payment using your associated credit card or you can use your PayPal balance if you happen to have funds in your account. When you want to withdraw your money, you can transfer the funds directly to your bank account or can request an ATM card which allows you to withdraw money at ATMs. In order to get started you’ll need to register an account on their website.
Interac was introduced many years ago by Canadian banks as a way to process payments in Canada using the funds available in your account. This service works by simply charging your bank account when you use your Interac card. In order to process the transaction you need to ensure the funds, you are trying to spend are available in your bank account. Once a purchase or deposit is made the money is immediately deducted from the players bank account. Unlike credit card deposits you need to ensure you have money in your account before attempting to use the service.
Interac is available with any Canadian bank. Provided you have a valid Canadian bank account this service is available to you. Another benefit to using it that you don’t need to open any additional accounts with any third-party companies.
Maestro / Visa Electron
Although these options are considered credit cards, they do have a big difference. Both Maestro and Visa Electron are prepaid credit cards. This means you have no monthly credit card balance or limit you can spend. You can only use whatever balance remains on your credit card.
Some banks prefer not to give out regular credit cards either because a customer has a bad credit score or may have no credit score at all. In cases like these banks prefer to issue prepaid credit cards. This forces you to deposit an amount of money each time to add to your credit card balance. Once your funds run out you will not be able to make future purchases until you add more funds to your balance. In order to obtain one of these cards you can simply request one from your local bank.
Neteller is another online payment service that has been around for many years. Originally Neteller was created as an alternative to depositing and withdrawing from online casinos. This payment service was highly focused on online casinos and online gambling in their early years. Today Neteller has expanded to cover additional services like money transfers, payments and much more. In the past you would normally find Neteller on gambling sites however, today the service is featured on many e-commerce sites too. One of the benefits of using their service is their rewards program. Get rewarded for making purchases and using your Neteller account.
In order to use Neteller you will need to register a new account. You can connect the service to your bank account or credit card. This allows you to transfer funds into your Neteller account or transfer funds out.
Formerly known as Moneybookers Skrill has been around for quite sometime now. Originally it was opened as a payment solution for online gambling sites. Like Neteller, Skrill has evolved to offer additional services to its users. Skrill is a UK based company. They focus on international low-cost payment transfers. Additional services being offered by Skrill include sending money, buying and selling crypto currencies as well as offering their users a loyalty program. Today Skrill can be found on numerous e-commerce websites and has become a more common method of making payments online.
In order to use Skrill you will need to register an account on their website. You can then associate your bank account and credit card to your Skrill account in order to start making payments or withdrawing money.
Today there are more restrictions than ever that are being placed on credit card deposits at online casinos. Some countries have completely banned using credit cards at online casinos altogether. In order to get around this issue or if you prefer depositing without a credit card you will no doubt have to register an account with a third-party payment service. Luck for you there are numerous options you can choose from. Be sure to visit their websites and review the service before signing up. Some of these companies may be better suited to your needs or offer additional services other providers don’t.
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