• 100% up to $100
  • 5.0
Advantage list
  • Fast Payout
  • Cash out
  • Live Betting
  • Fully Licensed
Disadvantage list
  • Limited game options compared to other Bookies
  • 100% up to $100
  • 5.0
Advantage list
  • Great odds
  • Extensive amount of games covered
  • Exceptional bet types available
Disadvantage list
  • Web version of the site can be confusing to stake
  • Cash out option is not smooth or consistent

It’s easy to assume that most or all sportsbooks allow the use of standard and multiple forms of funding for their accounts. This could not be further from the truth; payment options vary from sportsbook to sportsbook but are also affected by geographic location and other factors. Today we look at the payment options available on sportsbooks in Canada.

Bookmakers with more payment methods

Below we shall be looking at our preferred sportsbooks that offer an array of options when it comes to funding your account.

●      Betway

Betway is one of the biggest sportsbooks globally, and in Canada, they have established themselves as one of the sportsbooks to go to for your betting needs. They offer great bonuses and offers for both existing and new customers. They do not skip out on payment methods, as they provide a wide range of methods to choose from; credit cards, bank transfers, e-wallets, and even cryptocurrency. Betway has been in the industry for quite some time now, and they use this knowledge and expertise to stay above the rest or at least on par with them. If you’re looking for a sportsbook that understands the industry and has great odds and quite the number of markets, Betway is the best choice.

●      Sports Interaction

Sports Interaction is a sportsbook that knows its audience, and this isn’t shocking as the Canadian sportsbook caters mostly to Canadian bettors. It has come to learn the markets that thrive in the betting industry for Canadians and also going a step further to offer a bit more in terms of their odds and services such as; Live betting is available on the sportsbook; you can also deposit and withdraw using a number of options and most importantly their customer service department is easily reachable to handle any issues or questions you may have.

●     22Bet

22Bet is considered a strong contender for being a sportsbook that is among the best at the top; this sportsbook has great market options, odds, and value for players who want to use this sportsbook. The area they stand out is in their payment options, where they allow quite the variety for players to bet with. They are one of the few sportsbooks to accept crypto and a number of e-wallet services that are popular in Canada, such as; Neteller and Skrill. With 22Bet, you will be sure to find something for everyone.

●      Bet365

Bet365 is widely known, and for a good reason. The sportsbook prides itself on the options it offers in terms of coverage of sports and its live betting system. On top of the usual deposit and withdrawal options being extensive, the area in which Bet365 excels is with its knowledge of markets and sports offered to bet on. You can find the most popular events and even the most obscure events, too; the variety on offer is unmatched in the betting industry.

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●      William Hill

William Hill is one of the oldest sportsbooks to be still operating. They have come from traditional betting houses to now being on the internet with their sportsbook site. Being in the industry for so long and having the resources William Hill does, ensures they know how it works and what to do for bettors to use their site. William Hill will offer good markets on all the popular sports; you can find soccer, football, and even hockey in the sportsbook to bet on. Their customer support system is great, and they’re efficient in how they handle problems. They also do not pull their punches when it comes to funding options, so rest assured you can find an option that works for you.

●      888Sport

888Sport is the place to go if you’re looking for new ways to bet on sports. The sportsbook offers to bet on sports, casinos, and even Esports. You will find all the sports you’re looking for and more, while they also have great odds to pick from. 888sport goes the extra mile to ensure their players have the methods of funding they prefer to bet with on hand; this is an area in which they are on top of their game, as it is an important factor when choosing a sportsbook.

Deposits and Withdrawals:

and much more

Payment Options

Most popular payment methods for Canadian Betting Sites 2022:

We can now take a look at some of the most popular payment methods available to players on Canadian sportsbooks, from traditional methods to new methods that are gaining traction in the betting industry.

§  Paypal

PayPal is one of the biggest, if not the biggest, E-money services worldwide, it allows you to make payments in a number of industries, and it is slowly but surely becoming a solid option for paying for services and goods. PayPal in the betting is legal to use in Canada. Depending on which sportsbook you use, you will come to find some sportsbooks that offer this payment method. The perks it carries are that it is instant with transfers, and you do not incur any fees for choosing to fund your account with PayPal.

§  Bitcoin

Bitcoin is the face of cryptocurrency, and it has been for the years that this new form of currency emerged. Due to the sheer price of the coin, it is not that simple to come by, but it has managed to find its way into the betting industry; with select sportsbooks offering it as a payment method, this form of payment does not have any fees when betting with Bitcoin and the best advantage is the time it takes to have your money in your account is instant. The added security measures also make for a compelling point for using Bitcoin as a payment method.

§  Skrill

Skrill is another Ewallet payment method that is widely popular among bettors in Canada. Many sportsbooks offer this option in their funding methods, which has garnered a positive reputation for being safe and quick. Skrill is among the top choices for funding sportsbook accounts in Canada, and you will not incur any fee while using this option.

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§  Neteller

Neteller is actually one of the most popular funding options for Canadians on sportsbooks, and it is an online payment system that can be used to buy products and, of course, fund a player’s sportsbook account. You will incur fees when depositing and withdrawing about 2.5%, depending on what method was used to fund the Neteller system. It has top-notch security, and it takes about three business days to process withdrawal requests.

§  Visa

When we talk about VISA and sports betting, it can be a bit tricky for Canadian bettors due to the debit card service not being able to issue cards in Canada. The payment method, however, does work, especially for overseas sportsbooks. You will find it is possible to use Visa as a payment method in Canada; the only problem lies in the fact that you can’t obtain one in the country itself.

§  American Express

American Express or also known as Amex, is a company that provides its users with a credit or debit card, which they can use to make payments or purchase goods. It is possible to use an Amex card on betting sites in Canada, and it is instant and accrues no cost when depositing with this method. The issue arrives when you want to withdraw; as with American Express, you cannot perform this task; you will be forced to use an alternate method to get your winnings.

§  EntroPay

EntroPay is a virtual credit card that allows you to make payments and even wager on online sportsbooks; this method of funding has a high quality of security and can be seen as a great choice for players looking to find easy and quick forms of funding their sportsbook wallets. EntroPay skips over the annoying occurrences of when your bank declines a transfer due to using your cards on gambling services, making EntroPay a sound option, as nearly all sportsbooks will accept this form of payment.

Type of payment methods are most used to bet in Canada:

Now that we looked at the most popular, we shall look at the options from their larger categories to determine which category is most popular and what makes it the better choice.

●     Ewallet

Ewallets are one of the most used funding methods by Canadians on online sportsbooks; this is due to the fact that this form of payment has the added aspect of security, as the companies that offer Ewallets have gone the extra step to ensure their client’s personal information is well protected. Ewallets also have the advantage of being instantaneous while depositing with them, while you also don’t get charged fees.

●     Crypto

Crypto, over the years, has done well to insert itself into the betting industry as a form of payment. Digital currency is a currency on its own and can be used even to purchase goods and services. Crypto is favored by Canadian bettors due to the level of anonymity and security while using the currency. It has since spread, and you can find other cryptocurrencies, not just Bitcoin, such as; Dogecoin, Ethereum, and Litecoin; those are but some of the examples of the electronic currency that are allowed on a number of sportsbooks.

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●     Credit & Pre-paid Cards

If you’re looking for the most used methods for payment on sportsbooks, then Credit cards ad pre-paid cards are the only choice. This form of payment has been used for years and is the most commonly used one. Credit cards offer an added layer of security as they’re the middlemen between you and your bank. The fees incurred by cards can vary from sportsbook to sportsbook, and withdrawal also varies from one day to 3 business days to be processed.

●     eCheck – electronic checks

eChecks work in the same manner as normal checks; you state the details of the person you’re transferring money to, and it is done. This is because the time it takes to post a normal check has been cut out, as it is instant, and you will have your money ready to bet with on your favored sportsbook. Even though the money being deposited onto your sportsbook account is instant, that doesn’t mean the money has been removed from your bank instantly as well, so be careful not to spend over the amount you requested to have deposited.

Other alternatives that accept gambling sites in Canada

●     Apple Pay

Apple Pay is relatively new to the betting industry, and as such, it hasn’t been adopted by many sportsbooks as of yet. The payment system acts as your wallet, as it holds all your credit and debit card information, also allowing you to pay for services or goods. This means the security doubles as Apple employ a state-of-the-art encryption system to protect their clientele’s information. It is to be said, though, that you cannot withdraw using Apple pay, and it has another drawback in the sense that you can only use this method if you have apple products.

●     Google Pay

Google Pay is much like Apple Pay in the manner that they’re both new payment forms being introduced to the betting industry, and they also work in a similar way. Google Pay is being widely accepted globally by sportsbooks, but it is not yet that prominent, and as such, it is challenging to find sportsbooks that offer the payment method in Canada. Google Pay has a similar setback to Apple Pay as it can only be used by android users or products that operate using android as their base system. For those sportsbooks that accept Google Pay, the deposits are instant, but you will not be able to withdraw using the service.

Deposits and Withdrawals:

and much more

More on Payment Methods