Players usually have an idea in mind when they play in online casinos: winning money. To make money, you must play with real money, then of course withdraw that money. That's why the payment methods used to deposit and withdraw money are so important when creating your account.
Find out about the most popular payment methods and frequently asked questions about banking. How to make payments, how to make sure they are secure, how long does it take to make withdrawals?
HOW DO ONLINE CASINOS PAY YOU?
Casinos will have either a "Cashier" or "Payments/Bank Transactions" section or two separate sections, divided into "Deposit" and "Withdrawal" sections.
In both cases, if you want to withdraw your money from the casino, you must enter a withdrawal request from the casino. Once you are finished, the payment team working 24 hours a day on the casino side will process your request and approve it (if everything is in order).
To make your payments as simple and fast as possible, make sure that all your account information is verified. To do so, send the appropriate documents to prove your identity. This may sound painful, but it's just another way for the casino to make sure everything is as legitimate as possible. This is normal for all online casinos.
Of course, Trustly has launched its Pay'n Play service. All you have to do is deposit money and withdraw it using the same payment method. No documentation or verification required. This is the dream banking system for games, but it is not currently available for Canadian players. Scandinavian players in particular can benefit from this service.
Once the payment team has approved your request, the time required to collect your money is determined by the payment method you choose. For many electronic wallets, such as ecoPayz and Instadebit, it only takes a few minutes. They are instantaneous.
For credit cards, this may take a few hours. For electronic transfers, it can even take up to five days.
ARE ONLINE CASINO PAYMENTS SECURE?
Basically: yes. Online payments are secure. You don't have to worry about anything when you make your Money Safepayments. Online casinos use banking security to ensure all player funds. To do this, a number of measures are taken into account.
The obligation of certain legal documents to prove the legitimacy of the player's identity Total confidentiality of players regarding payment information Use of 128-bit SSL encryption technology for transactions This last point is particularly important. Any transaction you make at your online casino, whether it is a deposit or a withdrawal, is encrypted. This means that it is extremely difficult, if not impossible, for a third party to try to hack into your information.
HOW LONG DOES IT TAKE TO RECEIVE A PAYMENT?
How long does it take for the casino payment team to process and approve your withdrawal request? How long does your banking choice take to process the casino approval and deposit the amount into your personal account?
Most online casinos will take up to 24 hours to process and approve your payment request. Other casinos can take up to 48 hours. Less reputable casinos will take more than 48 hours, sometimes up to 5 days. You can consult the payment methods above to find out which is the typical time window for each option. At Casinos.co, you can use our casino comparison tool to find out how we rated each casino based on the withdrawal speed. You can then choose the casino based on other factors that are most convenient for you.
You can also visit our Quick Pay Casinos page for a list of the fastest online casinos for Canadian players. Our standard for this list is 2 hours or less in terms of processing time.
ARE CASINO PAYMENTS FREE OF CHARGE?
Yes, they are free as long as the casino will never ask you for money to deposit or withdraw. If so, find another casino. However, the payment method you use yourself may be subject to a transaction fee that you will have to pay to the casino.
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