4 Popular eWallets for Canadian Online Casinos
eWallets offer a quick and easy way to transact with online casinos, offering a more flexible payment method compared to credit cards and bank transfers.
Time is money and making your transactions as hassle-free as possible is what you expect when you play at your favourite online casino. While there are various means to make and receive payments at an online casino, from bank cards to instant payments and bitcoin, one of the most popular and easy to use methods remains eWallets.
With the rapid growth of online purchasing, eWallets have become an integral part of daily internet transactions. With most local banks having strict regulations in place when it comes to using bank accounts for online gambling, many Canadians have turned to eWallets as a more flexible method to transact with online casinos.
eWallets are also buffed up with safety features that include multilayered encryption safeguards that keep all personal information safe. It also involves far less papyrology and background checks to open an eWallet account than it does to open a regular banking account.
Most Popular Online Casino eWallets in Canada
While the eWallet market segment is dominated by big players such as PayPal and Google Pay, these are not optimal for online casino transactions. Here are some of the best eWallets to use at Canadian online casinos:
EcoPayz is one of the pioneers of the eWallet method of payments. The company was launched in the UK in 2000 and has become popular globally by offering services such as multilingual support and iPhone app after it launched its eWallet service in 2013. Canadians enjoy using ecoPayz since it’s convenient and easy to use, as well as offers instant payments.
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InstaDebit was launched in 2004, focusing primarily on the US and Canadian markets. Each transaction has automatic Canadian dollar conversions, although a minimal fee is in place to cushion against currency risks. InstaDebit also has a low minimum transaction amount of CA$10, which makes it the preferred choice for players playing slots games.
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Interac is used by a large number of Canadian online casino players since it was developed exclusively for the local market. Since all transactions are conducted in Canadian dollars, this payment method doesn’t carry any exchange fees or conversion charges. Interac is well connected with all major banks across Canada, guaranteeing fast processing of all the transactions.
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iDebit is a local Canadian company and is a relative newcomer to the word of eWallets. iDebit doesn’t charge any merchant fees for the players to use it and has a quick approval process and instantaneous payment confirmations. Following the hassle-free signup process, the transactions can be done quickly and securely.
No matter which payment method you choose, the most crucial factor to look out for is the security of your online transactions. Always be on the lookout for methods that are encrypted before you proceed with any payments. Making use of the eWallets listed above will ensure that your payments are fast and secure and handled by a reputable intermediary.
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