Quickly Compare the Deposit Methods for the Best Sports Betting Sites for Canadians

Best Sports Betting Site Deposit Methods for Canadians

These are the best sports betting sites from a Canadian perspective. To deposit and withdraw funds to and from your betting account, you’ll use one of the banking transaction methods listed below that are approved for Canadian customers. I outline each of these banking methods below so you can select the right one for you based on your own preferences with regard to ease of use and transaction size. Please note that if you want to play with a PayPal sports betting site, PayPal does not process transactions to betting services for Canadians, whether in CAD or any other currency. The methods below are just as easy to use if not easier.

Credit Cards are accepted by every site in my list, they are good in that they work instantly. However, you should be aware that all Canadian Cards treat transactions with online betting and gaming services as cash advances, not as purchases. This means that interest will accrue on from the date of your transaction. While this might be good for when you first sign up, as you no doubt have a credit card readily available, it is recommended that you sign up with an e-wallet like EcoPayz and connect it to your card, or use one of the bank debit below so you can save on interest charges.

Bank Transfers are also accepted by every site in my list. There is nearly no limit to the amount you can deposit or withdraw when using this method (though the betting site may have its own withdrawal limits). To deposit, each site will provide you with a reference number and account details. You will provide these to your bank so the funds can be attributed to your account. Generally this will take 2 to 3 business days.

Interac Email Money Transfers are accepted by Bodog and Sports Interaction. You can access Interac transfers in your online banking profile from any major Canadian bank. The Interac-set limit for transactions is currently $2,000. Funding your Bodog account with this method is as simple as sending an email. This is a great banking method to use as it is so fast, likely already at your fingertips and the charge to send money is usually little more than a dollar. Find Interac betting sites for Canada, outside Ontario.

Instadebit essentially works like an online cheque. You don’t fund an Instadebit account from another funding source as it is NOT an e-wallet. You use Instadebit like a cheque to create a link between your bank and your merchant of choice, in this case Pinnacle or Sports Interaction. Simply register with Instadebit, verify a bank account and then at your chosen betting site simply sign in and approve a transfer. Transaction limits with Instadebit tend to be in excess of $10,000. Transaction fees with Instadebit are about one or two dollars depending on the type. Instadebit also allows you to pay easily with your mobile. Use Instadebit at Pinnacle, Sports Interaction and William Hill.

iDebit facilitates inexpensive online banking transfers. Move money to and from your iDebit account with your Canadian bank account up to a limit of $1,000 per transaction. Fees to move money using iDebit are around one or two dollars per transaction. Creating your account is free. iDebit is accepted at Pinnacle, Sports Interaction and William Hill.

Paysafecard is like a gift card. It is a prepaid solution that you may buy from thousands of retail locations around Canada. You can buy them in denominations amounts of $10, $30, $50 or $100 each with a unique 16-digit PIN. You may combine up to ten cards for payments up to $1,000. At the betting site cashier page, you’ll simply enter the PIN on the card and your funds will be granted.

EcoPayz lets you send money securely independent of your bank account and without any sort of credit application. The EcoPayz is an e-wallet solution. You may use several other base funding sources like credit cards or bank accounts to pay into your EcoPayz account, and you can use EcoPayz to send money back to your base funding source. Most sites below accept EcoPayz from Canadian players.

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Bodog is one of the oldest names in online sports betting, in business since 1994. Bodog.ca is specially targeted to the Canadian market, so you know they cater to Canadians. For example, they are one of only a few sportsbooks that accept the popular-in-Canada Interac Email Transfer as a deposit method.

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