For Canadian players, there are plenty of these gaming sites you can have access to, and you need not worry if your bank will allow transactions to be made to and from online casinos. This method works in the same way as other transactions that involve credit cards. When using online casinos, a player needs to go to the cashier part of the account and select the “make a deposit” option. Here, there will be a variety of billing methods options to be selected, and it is done by choosing the bank and filling in some financial details.
Deposit and Withdrawals
Unless the provider has some concerns, deposits through these methods are instant and very easy. The withdrawals are also easily found under the cashier section same as the depositing option. Only that, instead of choosing the deposit option, the withdraw funds option is the one used here.
Credit card details will be required from the player, and then the money will instantly be transferred into the player’s bank account. It takes a range of days to process the withdrawals as it depends on the type of bank. Normally, it takes 3 to 5 business days, or sometimes it can be a little longer than that. Depositing and withdrawing using this option in Canadian casinos is made easy by allowing players to save their billing details to avoid re-entering the same details every time a transaction is done.
Advantages of this Payment Option
The companies have put in place strict regulations that make it very hard for anyone to tempter with transactions. Because of past security incidents, these companies have improved their security over time, making them one of the most secure methods of payment even in online casinos. Heightened security is the main advantage of these casinos because the security of a player’s money is what will keep them playing.
It is easy and straightforward in the sense that any transaction is made only between the casino and the player. There are no third parties or payment portals involved in the process.
They allow players to deposit money in their accounts online regardless of whether there are funds available or not. The amount then quickly accumulates, and the player can easily pay back the money at the end of the month. They just have to make sure they settle any outstanding balance on their cards to escape interests. Money can accumulate in the form of loyalty rewards for the gaming sites and of course from the winnings.
Disadvantages of Credit Card Payment
Some casinos do not charge players a fee while others do, it depends on the casino’s regulations.
Players are exposed to the risk of overspending, especially those that have issues with managing money. They do not realize how fast the money is going until it is all spent. It is therefore advisable that such a person only has a card for only depositing and not withdrawals.
Some countries do not allow the use of this payment method in web platforms when depositing. This is seen when the name of a player’s transaction statement fails to reflect the name of the casino and might result in the bank holding a player’s account if any foreign transactions are made.
- Do all casinos accept Credit Card payment method?
Not all casinos accept this payment option, but a large number of Canadian casinos accept credit card by Diners Club International and American Express. They are recognized widely as both MasterCard and Visa.
- Is Credit Card payment safe to use in an online casino?
Yes. It is a safe mode of payment. Using a credit card is similar to withdrawing your money from your bank and placing it to your casino account.
- What is the minimum/maximum amount I can deposit via Credit Card payment method?
The minimum amount is £/€10. There is no maximum amount for this payment method.
- Are there any fees charged?
Yes, most casinos charge a small fee when one is using credit cards. The amount or percentage charged varies from one casino to the other.
- Can I use Credit Card payment in a mobile casino?
Yes. When you set up an account, you are given an option to select your payment option of choice. This means it is among the choices available to choose from.
- How do I find a good online casino that accepts Credit Card payment method?
To get an excellent online casino with this payment option, check the casinos that are legal in your region. This means credit card is among the popular payment online methods: you are likely to find it in almost all gaming platforms.