Payment Methods for Canadian Betting Sites

Most major debit and credit cards are accepted by Canadian sportsbooks, making them a common and convenient choice for bettors.

If you're a Canadian resident, chances are you already have a bank account with a linked debit or credit card, so no additional setup is required.

However, some users may encounter issues when trying to deposit with their card. Certain banks block transactions related to gambling, even though it's legal to use offshore betting sites in Canada. This has led many bettors to explore alternative payment methods.

It's also worth noting that using a card means sharing your financial information directly with the sportsbook, something that may not sit well with privacy-conscious users.

A familiar interbank network for Canadians, Interac is one of the country’s most established debit systems. Its e-Transfer feature offers a fast, convenient way to send funds, and most betting sites support it for both deposits and withdrawals. Compared to all the payment methods available in Canada, Interac is by far one the most widely accepted methods around.

Interac itself doesn’t charge fees for e-Transfers, but your bank may, and those fees can vary depending on the financial institution.

To make a deposit, users typically select Interac at the sportsbook’s cashier, then complete the e-Transfer through their online banking using the details provided. Bettors can expect deposits to process instantly on most sportsbooks, with some taking up to 30 minutes to process. Many sportsbooks also support Interac for withdrawals, typically processing within 1–2 business days.

For more information on which sportsbooks accept Interac and how to use it, visit our comprehensive Interac Betting Sites page.

Visa provides a payment network for debit and credit cards, as well as other financial services, on a global scale. It is the most popular provider in the world, and can likely be acquired at your local bank.

The vast majority of betting sites in Canada will list Visa as a banking option and will allow you to make a deposit using your bank card. Unfortunately, some banks in Canada stop this going through in an attempt to prevent Canadians from gambling.

If you are able to make a deposit using your Visa card, remember to withdraw using the same card.

American Express (Amex), founded in 1850, is one of the most recognized credit card brands in Canada. While it’s widely accepted in retail and hospitality sectors, its use in online sports betting is limited.

Unlike Visa or Mastercard, Amex is accepted by fewer Canadian sportsbooks, largely due to higher transaction fees and stricter controls around gambling payments. Even where accepted, users may face additional verification steps or declined transactions depending on their card issuer’s policies.

That said, some international betting sites that cater to Canadians do support Amex, and it may also be used indirectly via third-party wallets like Skrill or MuchBetter, depending on the platform.

As the name suggests, eWallets are the digital equivalent of a physical wallet. Once you've signed up, you can transfer funds from your bank account into your eWallet and use it to make quick and secure online transactions.

eWallets have become one of the most popular payment methods on betting sites worldwide, thanks to their ease of use, fast processing times, and the added privacy they offer. Users can deposit and withdraw money without sharing their bank details directly with the betting site.

Below, we take a closer look at some of the most widely used eWallets and assess their availability and suitability for Canadian bettors.

ecoPayz uses the latest security and fraud protection technology and does not share your financial information with third parties. If you’ve used PayPal, Skrill, or Neteller, you’ll find the concept familiar.

It’s also one of the few e-wallets that can be used to fund a Canadian betting account. Registration is free, and Canadians can add money to their ecoPayz wallet via electronic bank transfer. From there, deposits to your sportsbook account are quick and seamless, no need to share your banking details.

MuchBetter is an app-based payment wallet that offers Canadian bettors a fast and secure way to make deposits and withdrawals at top betting sites, including Sports Interaction.

You can fund your MuchBetter account using Interac e-Transfer, credit or debit card (typically with a small fee), or even cryptocurrency like Bitcoin. Once your wallet is funded, simply go to your sportsbook, choose MuchBetter as your deposit method, enter the amount, and confirm the payment using your registered phone number in the app.

It’s a mobile-first solution that’s designed to be quick, easy, and ideal for betting on the go.

For more information on which sportsbooks accept Muchbetter and how to use it, visit our comprehensive MuchBetter Betting Sites page.

Since its rise in the early 2000s, following its acquisition by eBay in 2002, PayPal has become one of the world’s most trusted and widely used online payment methods. While Canada isn’t its largest market, millions of transactions are still processed here every year.

To use PayPal, users simply need to create an account and link it to a bank account or card. Once set up, it can be used to pay for products, services, and even online betting, all without directly sharing banking details.

That said, not all Canadian sportsbooks accept PayPal. Due to regulatory and partnership restrictions, PayPal is only available on select betting platforms in Canada. Bettors should always check the cashier section to confirm availability before signing up.

For more information on which sportsbooks accept PayPal and how to use it, visit our comprehensive PayPal Betting Sites page.

Skrill is a UK-based online payment service and one of the most popular e-wallets among sports bettors worldwide. It’s known for its speed, security, and convenience. Deposits are instant, withdrawals are smooth, and transactions are processed quickly.

Getting started is simple: sign up for a Skrill account, fund your digital wallet using your preferred method (bank transfer, card, or other options), and you’ll have access to over 40 supported currencies. Once funded, you can deposit money into your sportsbook account and later withdraw winnings back to Skrill, then transfer them to your bank if you choose.

Canadian bettors continue to use Skrill because it’s quick, easy, and secure, making it a strong alternative to traditional banking methods. However, availability may vary by sportsbook, so always confirm that your chosen betting site supports Skrill.

Skrill remains widely available for gambling use internationally, including in markets like the UK, Europe, and India, where it’s considered a top choice for online betting.

For more information on which sportsbooks accept Skrill and how to use it, visit our comprehensive Skrill Betting Sites page.

Neteller is an international online payment service operating in over 200 countries, including Canada, where the company originally started. Canadian consumers can set up an account and fund it using a bank transfer, credit card, or other available methods to make secure online purchases.

While Neteller is widely used around the world for transferring money to gambling sites, it's important to note that Canadian residents are currently restricted from using Neteller for gambling-related transactions. This means that although Canadians can open and use Neteller accounts, they cannot use the service to deposit or withdraw funds from online sportsbooks or casinos.

For more information on which sportsbooks accept Neteller and how to use it, visit our comprehensive Neteller Betting Sites page.

Apple Pay is a digital wallet and mobile payment system developed by Apple Inc. It allows users to make secure payments using their iPhone, iPad, Apple Watch, or Mac. By linking a debit or credit card to Apple Wallet, bettors can make quick deposits to online sportsbooks without having to manually enter card details.

Instead of sharing your card number directly with the betting site, Apple Pay generates a unique transaction token for each payment, making it one of the safest and most private ways to fund a betting account.

As more bettors look for fast, secure, and mobile-friendly payment methods, Apple Pay has become increasingly popular at online sportsbooks in Canada. It offers a level of convenience that traditional card payments or bank transfers simply can’t match, especially for users who do most of their betting on a mobile device.

While Apple Pay is excellent for deposits, it can’t be used for withdrawals in most cases. If you deposit with Apple Pay, you’ll likely need to choose another method to cash out your winnings, such as Interac e-Transfer, MuchBetter, or direct bank transfer.

Not every bettor wants to use a credit card or eWallet, and that’s where alternative payment methods come in. This section covers a range of non-traditional options that give Canadian players more flexibility when it comes to deposits and withdrawals.

Whether you prefer using online banking tools like iDebit or Instadebit, want the anonymity of Paysafecard, are comfortable with cryptocurrencies, or need a direct bank wire transfer, these options offer reliable ways to fund your betting account outside the usual channels.

Each method comes with its own pros and cons, from speed and security to availability and fees, so be sure to choose the one that best suits your preferences and betting habits.

Cryptocurrency is a form of digital money that operates independently of traditional banks. Built on blockchain technology, it allows users to send and receive funds securely, anonymously, and without middlemen like banks or credit card companies.

Crypto has become increasingly popular among bettors in Canada thanks to its speed, privacy, and low fees. Unlike traditional payment methods, crypto transactions are typically completed within minutes, both for deposits and withdrawals. It's especially appealing to users who value decentralization, meaning the currency isn’t tied to government-issued fiat or central banks.

Popular Cryptocurrencies accepted by sportsbooks:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Tether (USDT)
• Ripple (XRP)
• Bitcoin Cash (BCH)

It's important to keep in mind that to use cryptocurrency, bettors will first need to acquire a crypto wallet. In addition, certain cryptocurrencies have higher or lower fees and speeds, as well as availability across Canadian betting sites.

To better understand how to set up crypto and which sites accept the currency, you can learn more in our in-depth sports betting with crypto page.

In Canada, Paysafecard vouchers can be purchased at physical retail locations and used to fund your online betting account instantly. The process is fast, simple, and provides a level of anonymity that many users appreciate.

Vouchers are available in denominations ranging from $10 to $250 and come with a 16-digit code. Once you select Paysafecard as your payment method on a betting site that accepts it, just enter the code to complete your deposit.

While depositing with Paysafecard is straightforward, withdrawals are a different story. Since Paysafecard doesn’t support direct withdrawals, you’ll need to choose an alternative method, such as bank transfer or e-wallet, to collect your winnings.

Instadebit offers a solution for Canadian punters facing issues with their debit or credit card when depositing on betting sites. It works with all major banks in Canada and allows you to deposit and withdraw to your personal bank account.

This service does not act as an eWallet as you can not load your Instadebit account with money, but instead, you just link your bank account to Instadebit, select it as your banking method on a betting site which offers it, and sign in to complete the deposit.

The $2 deposit fee charged by Instadebit is reimbursed by some sportsbooks, but users will have to absorb the $2 withdrawal fee back to their bank account.

One secure payment method which is becoming more popular in Canada is iDebit. It is part of the same company as Instadebit and allows users to pay for purchases online directly from an online banking account.

The supported banks are Bank of Montreal, Canadian Imperial Bank of Commerce, Desjardins, National Bank, Royal Bank of Canada, Scotiabank, Simplii Financial, and TD Canada Trust.

This has become one of the fastest ways to put money into a betting account, and you don’t even need to create or fund an iDebit account before making a transaction.

For betting sites in Canada that accept iDebit, it basically acts as a middleman between your bank and the bookie.

You can use iDebit to deposit and withdraw funds from bookmakers, and there are no fees for this. Transfers between your bank account and iDebit will incur a small charge.

Even though there are so many new ways to transfer money, the bank wire method is still going strong and is used by a number of bettors.

As far as safety is concerned, bank wire transfers, on the whole, are second to none. This means larger sums of money can be included in transactions.

Bank wire deposits can be carried out online or at your local branch by filling out a form and entering your personal deposit code if required.

Processing time can vary, but it will be significantly longer than most other banking options.