Canada is one of the largest casino hubs ever. Since gambling is legal in Canada, Canadian dollar casinos make it easier for players to cash in and cash out because they do not have any legal hurdles they need to work around. The Canadian dollar also gives great value for money, so if you win you might also get the best exchange rates possible. High fees and commission for conversion are a real pain in the back for gamblers worldwide. However, Canadian dollar casinos eliminate this problem, because they do not ask for extra money when playing at CAD casinos. A lot of well established casinos recognise the strength of the Canadian Dollar and allow you to transfer money smoothly.
Payment Methods That Use Canadian Dollars
Canadian Dollar casinos give a vast majority of payment options to the players, but also provide them with very safe payment portals as well. These options may be debit cards, direct bank transfers, online payment methods ratified by the house and financial oversight bodies, and also anonymous transfers.
iDebit is a payment option that is safe and secure; and allows users to pay for services directly from their bank accounts. The casino system will give an automatic confirmation of successful CAD deposits, but it may take a bit longer for the amount to be reflected in your bank account. There are 3 main advantages for using iDebit at online casinos.
- Guaranteed Online Security: iDebit has a very robust encryption system which ensures that all the customer and financial information remains classified. The player does not have to worry about any rogue agency taking over your personal information.
- Anonymity: iDebit recognises that there is a certain need to preserve privacy in some transactions. iDebit as such does not show any casino transactions in bank statements. While all the withdrawal and deposit amounts can be confirmed by the casino, the statement does not appear in the banking history.
- Cardless Transaction: There is no need for a gambler to have a credit card for them to use iDebit. It links directly to the bank account and processes banking information in real time. iDebit is accepted in almost 30 countries and can be used as an e-wallet for casino transactions.
Interac happens to be one of the oldest forms of payment available in Canada. It is therefore quite a trusted payment method in use since 1984. Canadian dollar online casino players can sign up very easily and start earning bonuses and playing in online casinos.
InstaDebit used to only be open for Canadian citizens, but as online gambling grew, it became a safe and trusted method of transaction for other players as well. It is currently one of the most used and top rated payment methods for a casino that accepts canadian dollar payments and deposits.