How to use credit and debit cards in an online casino in Canada (UPD. Summer 2023)

What are the advantages and disadvantages of using credit or debit cards?

Just like with all payment methods we use in casinos, since there is currently no perfect one, it has its advantages and disadvantages. The following table shows you what they are for these cards.

What cards are the most popular?

Below, I present a specific list of the most common cards, including Visa and Mastercard, as well as others that are occasionally used. These cards lead the preferences and demonstrate their relevance in the national financial sector.

• International Visa: The international Visa card allows you to make all kinds of payments and transactions with the money from your account and is usually common for practically any operator and bank account that operates in Canada.
• Visa Premium: Within the premium range that Visa entities offer to users, whether they are bank-specific or general to the operator itself, you will find the international visa, the platinum gold visa, and the so-called Visa Signature. Each of them offers the user different advantages, and all of them can be used without any problems on Canadian casino sites.
• Mastercard International: Mastercard cards are the second main group of cards used by people in Canada as well as those who play at online casinos. Its international version is the most classic and offers users widespread acceptance in all types of casinos and establishments, both physical and digital.
• Mastercard Premium: Not even the one that Visa offers a different card than the basic one. You can also find Mastercard cards with special features or reserved for higher-ranking clients. Among them, you have the gold Mastercard, the platinum one, and the black one, which offer users different benefits for their use. However, when it comes to online casinos, it is also common for all of them to be accepted practically without conditions or complications.
• Other cards: Since the majority of the market is covered by the two operators I mentioned, you usually don't find many other options within Canadian casinos to deposit. In some cases, you may be able to find the option to pay with an American Express or Maestro card, although very few casinos offer this option. So when playing at an online casino with a debit or credit card from Canada, it is most convenient to have a Visa or Mastercard, properly associated with it. If you use any other card, it is advisable to verify beforehand if it is accepted in that casino.

How to deposit with debit and credit cards?

One of the advantages of using credit and debit cards when playing at an online casino is that the process is very easy to manage. As you can see in the following list, I will indicate the steps you need to take to deposit money at an online casino in Canada using a debit or credit card.

Now I understand that you already have a credit or debit card from your favorite bank and that you already have an open player account at your preferred casino. If this is not the case, you must first have that card and have opened your account according to the instructions offered by the casino or those that you can find on this website. Once both requirements have been met, the process to deposit money into your casino account is as follows.

1. Access your online casino account using your username and password, as well as the rest of the identification methods that you may have established, as usual.
2. Once inside your profile, look for the cashier section, the wallet section, the profile section. The goal is to find the section where financial operations are carried out on your account, which are often found in any of these options I have mentioned.
3. Once inside the ATM section, you will need to choose the payment method, such as credit or debit card, according to your preferences. Select the type of card and the amount you wish to deposit and press accept to start the process.
4. You will be asked for your bank card details, such as the complete card number, expiration date, and the security number or CVC. If your browser asks you to store these details, it is recommended that you do not do so, as you will not be making deposits frequently in your online casino and keeping the data can expose them in case a computer virus or similar gains access to your computer.
5. Once the payment is made, you may receive an SMS with a code to confirm that you need to access your Bank's APP or its website to complete the acceptance of the purchase or any other similar operation to complete the process for security reasons. Follow the on-screen instructions to complete the payment order and complete it correctly.
6. Once the procedure is completed, you will see a message informing you that the operation has been successfully carried out. After a few minutes, usually seconds, the money you have deposited into your online casino account in Canada with debit or credit will be ready to be used in your favorite casino games.

How to withdraw money?

The procedure for withdrawing money from the winnings you may have obtained at your favorite casino is very similar to what I mentioned in the previous step. When it comes to credit or debit cards, you will have no problem receiving your money comfortably and withdrawing it from your bank account using the card itself. This undoubtedly adds an extra incentive to make things easier for you when it comes to enjoying your winnings. The procedure you must follow to make a withdrawal or withdraw money from your casino account using your bank card is as follows.

1. Access your casino account using your username and password, as well as any other security systems you have established to protect your account, if applicable.
2. Once inside the casino, access the cashier section or your profile section, since it will be necessary to access the financial data of the account to make the request to pay your winnings.
3. Within this financial section, choose the withdrawal option and indicate the amount of money you wish to deposit using your bank card. Obviously, you will need to inform the casino of the card to which you want to send the money in order to make the payment.
4. If you have already used the card to make a payment at the casino, it is likely that it is stored in your account, simply select it. Otherwise, you will need to provide the complete card number, expiration date, and security number in order to withdraw your winnings.
5. Follow the instructions on the screen to complete the procedure correctly, in case you are asked for any additional information or steps for security reasons.
6. Once the whole process is finished, you will be shown a confirmation message and you will receive an email confirmation of the withdrawal of funds. As for the time it usually takes, the most common in Canada is that when withdrawing from an online casino with a debit or credit card, the processing and execution time for the payment is 1 or 2 business days at most.

It is important to note that this entire procedure can only be carried out if you have verified your account in accordance with the current legislation for online casinos in Canada. If you have not completed this verification process, it is possible that your account may have certain limitations, including not being able to deposit or withdraw more than a certain amount of money. That is why I strongly recommend that once you register at an Canadian casino, even if you do not intend to withdraw money at the moment, you should still complete this verification process to save yourself time later on.

Credit or debit card?

Before entering into the dilemma of whether it is more convenient to use a credit card or a debit card when making your deposits at an online casino in Canada, it is advisable to understand each of the two concepts that I am comparing and to know in detail how these two financial products work.

• A debit card is one that allows you to make payments of any kind by charging them against the money you have in your current account. If you have a balance of 1000 pesos, for example, in that account, you can make purchases and deposits in an online casino for up to that amount. However, if you want to make payments for an amount greater than the one you just mentioned, you will not be able to do so, as you would not have the money available for it. It is true that in some cases there may be an overdraft or a certain margin of safety to make a small purchase above that level, but the usual thing with a debit card is that the amount is limited solely and exclusively to the available balance on your card.
• A credit card is one that functions linked to a loan line that is granted to the user based on their economic characteristics and personal preferences. As its name suggests, this credit is granted linked to the card and will be the maximum limit that the user can pay, whether it be at their online casino or in their daily purchases. Consequently, there is no direct charge to the user's bank account, but rather this will be done as periodic settlements of the credit line that they have contracted with their bank occur. It is very important to know that this loan is not free, but rather is generally linked to a series of fees and interest rates that are informed to the customer by the banking institution. This does not occur in the case of a debit card, which is not subject to fees. Therefore, a credit card is a payment method that is considerably more expensive than a debit card.

That said, and considering that your sessions at any online casino are part of your leisure activities, it is evident that the most recommended option for making deposits is a debit card. By using this type of card, you will pay with the money available in your current account and you will not have to pay any additional fees or commissions on the amounts you have decided to deposit on the website. If you make these transactions with a credit card, you run the risk not only of being charged additional fees, but also of falling into excessive debt, as you may be tempted to deposit a large amount into your casino account, hoping that luck will be on your side.

If luck is not on your side, which is not uncommon, you will find yourself with a considerable debt that you will have to pay off over time. This is another reason why it is not recommended to use credit cards to make payments in online casinos, in order to avoid these expenses and the potential overindebtedness that can result from this practice.

Alternative deposit methods

In addition to the different cards we have discussed, there are other very interesting methods to deposit money into your casino account. These are the most common and are good alternatives to traditional cards.

When I refer to the maximum deposit on the cards, this depends on the amount that the user has already established. Each card has a daily spending limit that the user can adjust according to their preferences, either by contacting their usual bank branch or by managing the operation through the electronic banking services of the banking entity with which they have contracted their card.

From the maximum deposit amount established by the user's profile in different electronic wallets, most providers set different limits regarding the amounts that users can move based on whether their accounts are verified and the type of account profile they have. However, these limitations usually apply to amounts over 100,000 pesos, so unless you have a stroke of luck, you should not have any problems moving your money.

Finally, it is important to know that, although I have mentioned Visa and Mastercard cards, generally online casinos that accept credit and debit cards in Canada, such as Maestro or AMEX, have similar minimum deposit conditions and withdrawal times as mentioned. However, as mentioned earlier, it is important for the user to verify beforehand that the casino accepts the specific card you wish to use when playing.