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These are the top sports betting sites if you live in Canada. To deposit and withdraw funds to and from your betting account, you’ll use one of the banking transaction options listed below that are available Canadians. I outline each of these banking options below so you can select the right one based on your own preferences with regard to ease of use, accessibility and transaction size. Please note that if you are curious about using Paypal to fund your sports betting account, unfortunately Paypal does not process transactions to online betting providers for Canadians, whether in CAD or any other currency. If you are looking for a similar solution, there are several listed below. Beneath the explanation for each banking option, view the options accepted at each recommended betting site.
Credit Cards are accepted by every site in my list. You should be aware that all
Canadian credit cards treat transactions with online betting services and gaming
services as cash advances, not as purchases. This means that interest will accrue
on the transaction 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
advisable that you sign up with one of the e-
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 only accepted by Bodog. You may access Interac
transfers in your online banking profile from any major Canadian bank. The Interac-
Entropay is essentially a virtual Visa card which is prepaid -
Instadebit essentially works like an online cheque. You don’t fund an Instadebit
account from another funding source as it is NOT an e-
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 and allows mobile payments.
Ukash works like a gift card or gift certificate. You simply go to the Ukash website to find one of over 15,000 Ukash partner locations across Canada (Like a post office, gas station or news stand). At these locations, you will be able to buy a Ukash code in denominations of $15, $25, $50, $75, $100, $150, $250. Your actual prices will be higher than these amounts. The difference accounts for the fee that is split between the retailer and Ukash itself. Actual respective fees are $16.95, $28.95, $54.95, $79.95, $105.95, $156.95 and $259.95.
Paysafecard is also a similar to a gift card where you may buy in amounts of $10,
$30, $50 or $100 each with a unique 16-
EcoCard lets you send money securely independent of your bank account and without any sort of credit application. The EcoCard is a physical card that you register for and use anywhere MasterCard is accepted. You have total control over what is spent because you can only spend what is loaded onto the card. Load funds from your bank account or another credit card. This method would also save cash advance fees on your credit card.
ClickandBuy lets you pay with your credit card or by debiting your bank account. Very similar to Paypal, if you use your credit card through ClickandBuy, you will avoid the cash advance interest charges that you would incur by using the your card directly with the betting site. Clickandbuy was established in Germany in 1999 and are an accredited Electronic Money Institution and is now headquartered in London and overseen by the Financial Conduct Authority (FCA). ClickandBuy is now a subsidiary of Deutsche Telekom. You can seamlessly pay with your mobile with ClickandBuy and use it with Pinnacle, Sports Interaction and William Hill.
UseMyFunds is secure, convenient and easy to use. It works with your existing online banking service, and there is nothing to download or install on your computer. Simply select UseMyFunds as their deposit method and you can then pay using your online banking service. You will receive an instant notification that the payment has been processed, just as you would with any other online payment method. Plus you can set daily, weekly or dollar amount thresholds.
BillPay is simply the ability for you to make a payment through your online banking profile. Simply logon to your online banking profile and create a payee with the name and details of the associated sports betting provider. If your betting provider accepts this method, they will provide you with the explicit details for payment from within your account. If you make a payment before 3pm of a given business day, your payment will arrive the next business day for use in your betting account.
BillPay (Online Banking)