Payment

Players usually have one thing on their mind when they’re playing at online casinos: to win some cash. To win money, you need to play with real money and then cash out real money. That’s why the payment methods used to deposit and withdraw money are so important when setting up your casino account.

Most popular payment methods

Basically: yes. Online casino payments are definitely safe. You don’t have to worry about anything shady going on when you make your payments. Online casinos employ bank-level security to ensure that all player funds are secure. In order to do this, a number of measures are taken into consideration.

  • The requirement of certain legal documents to prove the legitimacy of the player’s identity
  • Total player confidentiality when it comes to legal payment documents
  • Use of SSL 128-bit encryption technology for payment transactions

This latter point is especially important. Any transaction you make at your online casino – whether it’s a deposit or withdrawal – is encrypted. cash out means that it is extremely difficult, if not impossible, for a third party to try and hack your information.

The speed of your withdrawals/payouts is dependent on two important factors:

  • How long the casino payment team takes to process and approve your withdrawal request
  • How long your banking option of choice takes to then process the casino’s approval and payout the amount into your personal account

Most online casinos of repute will take, at most, 24 hours to process and approve your payout request. Other casinos might take up to 48 hours. Less than reputable casinos will take over 48 hours, sometimes up to 5 days. You can check the payment methods up above to find out what the typical time-window is for each option.

Here at Casinos.co, you can use our Casino Compare tool to find out how we’ve rated each individual casino on withdrawal speed. You can then pick and choose the casino based on other factors that work best for you.

Alternatively, you can check out our Fast Paying Casinos page to get a short-list of the fastest online casinos for Canadian players. Our standard for this list is 2 hours or less when it comes to processing time. Now that’s bloody fast!

Yes, they are free in so far that the casino will never charge you money to either deposit or withdraw. If it does, then find another casino.

However, the payment method you’re using itself can come with transaction fees that you’ll have to square with the casino.

For example, sometimes credit card payments like Visa, Mastercard or Maestro will have a small percentage charge on every time you make a transaction with them.

So, while online casino payments are usually free, it isn’t the case across the board. Always check the cashier/deposit section of your casino before making the transfer as this information differs from one casino to the next.

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