Making a Payment With Credit Cards – Step by Step
So, the answer to the question can you use a credit card at an online casino in Canada is yes, but there are some exceptions that we’ll explore later. But first things first, most of the time, you’re going to need to know exactly how to use your credit card at a casino Canada!
Step 1 – Obviously, we’re talking how to make payments when you use a credit card at casino for Canada players. So, when you ask can you use a credit card at casinos in Canada, the answer is yes but you’re going to need to set up an account at the betting site first and complete any verification process that the betting site requires of you.
Step 2 – For new customers, you will often get the option to deposit immediately as part of the sign-up process. For existing customers, you will need to go to the banking section of the site.
Step 3 – When you are at the payment stage, whether new customer or existing customer, the site will ask which payment method you require. Here you simply choose which credit card you wish to use at the online casino.
Step 4 – Now simply follow the onscreen prompts that the site gives you to fill in the card number, expiry date and 3-digit CVC or CVV number to enable you to use your credit card online at your casino Canada.
Step 5 – Finally, add the amount for your credit card deposit. Deposits at the majority of online casinos are practically instant, so you should be off and betting in no time!
Average Time Taken for Credit Card Deposits and Pay-outs
For making deposits when using a credit card online at casino Canada, the transaction is usually completed instantly, whereas the time for withdrawals is usually 2-3 business days. This is all assuming that you have completed the casino’s banking verification procedures.
If you don’t get a deposit or withdrawal through in these timescales, there could be several reasons. However, the usual problem is down to the bank or credit card provider questioning the credit card transaction.
There are several credit card companies and banks, both here in Canada and in the USA that are taking steps to prevent credit card usage for gambling transactions. If you do see a delay with your deposit or withdrawal, you should contact both the online casino and your credit card provider to raise the problem.
Credit Card Verification Requirements
Verification can be required either by the credit card provider or by the casino. However, it is usually something required by the casino to establish you are both who you say you are and from where you’ve said you are from. Some players see verification as an annoyance, but we believe it’s an essential step to root out financial fraud and a good way to judge the quality of your chosen casino.
A good casino will require you to provide verification documentation above and beyond your email, date of birth, and credit card details when you want to use your credit card at online casinos Canada. Once you make your first deposit and certainly when making your first withdrawal request, a good and safe betting site will ask you to upload a few documents to verify identity and address, using Government-issued photo-ID and some form of utility bill or other document proving residence and address.
Can you use a credit card at a casino Canada that doesn’t require verification? Absolutely, there are many sites out there without verification – but we’d always recommend you go with sites that properly verify you.
The History of the Credit Card
The credit card first appeared way before most people think, with an early version dating back to the early 1800s. Okay, they weren’t cards, but shops extending credit lines is still the same basic principle. By the early 1900s, the more up-market hotels and stores were issuing paper credit cards to their VIP customers to extend a line of credit. And of course, credit notes have been in existence as long as finances have been around.
But when it comes to what we think of as the modern credit card, the same credit card for online casino Canada transactions, that appeared in 1949 when Diners Club card launched, followed by the first Bank of America card in the 1950s. To compete with Diners Club, BoA licenced their credit card to other banks, establishing the pattern of credit card providers not being associated with your bank – and it was this licencing operation that became the Visa organisation. In 1966, banks competing with BoA’s card launched their own version – MasterCard, with the American Express card launching in 1958.
As for the technologies involved, the early cards were processed using an imprint of the card transferred to a paper receipt passed on to the bank and then to the credit card provider. But the familiar magnetic strip and now chip system means that transactions are far quicker today.
From paper notes to invaluable plastic – the humble credit card is now everywhere – it’s estimated that over 31 million cards are active in Canada!
Credit Cards Compared to Other Payment Methods
The credit card is wonderfully convenient, gives you time to pay your bill, and was almost universally accepted at casinos and betting sites until recently. They are definitely a safe and secure way of paying as the credit card provider covers genuine fraudulent activity on your card as long as you did everything to prevent fraud (such as keeping passwords safe and secure). And credit cards are accepted pretty much worldwide at non-Canadian casino sites and betting sites.
However, there are issues with credit cards. Firstly, they will cost you money – interest rates, money advance fees charged on gambling transactions with certain credit card providers. Then there’s the time for withdrawals that are far longer than for using your debit card at online casino Canada.
There’s also an increasing issue, both in Canada and worldwide with gambling transactions being rejected or banned by credit card providers. We are definitely seeing movement to alternative payment methods such as debit cards and ewallet, but such payment methods as paysafecard is becoming increasingly popular.
Most Popular Payment Methods
Now you know the answer to the question can you use a credit card at casino Canada, you might also be asking should you use a credit card online at casino Canada?
Well, right now we’d say yes, it’s a great way of making sure your online betting is safe and protected. And of course, if you pay off the full amount each month on your bill, it’s not going to cost you too much. Obviously, you need to ensure you’re playing at a safe, secure, well-licensed casino that protects your financial information, but even if there is a problem, the credit card fraud protection on your card will kick in and you are protected for any fraud that wasn’t your fault. So, what are the most popular payment options?
Visa is an internationally-renowned payment option, accepted by almost all online casinos. When looking for a Visa online casino Canada residents should have no issues.
Yet another debit/credit card option used around the world, you’ll find that the majority of online casinos accept Mastercard as a deposit and withdrawal option. Be sure to read our specific MasterCard online casino Canada guide to find out the best providers who accept this as a payment option.
Looking for AMEX online casino options? Despite its name, American Express is used by people across the world. It’s a safe and quick option for depositing funds into your casino account.
Can I Use Diners Club Card at Online Casinos in Canada?
Yes. The Diner’s Club Card is another credit card provider, primarily used within the USA and Canada. While it’s not as popular as providers such as Visa and Mastercard, it’s still a decent alternative option. It has been possible to use your Diners Club Card at online casinos in Canada since 2004, when they announced an agreement with MasterCard. This agreement allowed Diner Club Car holders to be able to pay wherever MasterCard is accepted.
Credit Card Payments FAQ
This isn’t an exhaustive FAQ about using credit cards, but here we’re giving you perhaps the top 6 important things to ask when it comes to using credit cards at online casino Canada.
Can you use a credit card at casino Canada?
Yes, that’s the simple answer. For a lot of casinos, both in Canada and worldwide, credit cards are perfectly acceptable forms of payment.
Is it legal to use credit cards at betting sites in Canada and offshore?
Yes, it is also legal to use your credit card for depositing and withdrawing money at onshore and offshore betting sites if you are resident in Canada. This is due to Canada’s sensible laws on betting.
Do all online betting sites and casinos accept credit cards?
Again, the simple answer is no. Although the majority of sites always used to accept Visa and MasterCard credit cards, you will find very few accept other big credit cards such as Diners Club and AmEx. And more and more casinos outside of Canada are beginning to move away from credit cards generally in favour of alternative methods.
What’s the minimum and maximum deposits and withdrawals I can make with my credit card?
This is something that very much depends on the casino – there’s no definite answer to this as you’ll need to ask your casino about their minimums and maximums when using your credit card with online casino Canada. However, we would expect a minimum online casino credit card deposit in Canada to be around the $10 mark, with withdrawals between $10-20. However, the maximum deposits and withdrawals are widely variable – check the t&cs of your online casino or betting site.
Are there any extra fees attached to using credit cards?
Again, this depends on the credit card company. We have seen examples of credit cards for online casino Canada treating gambling transactions as a cash advance. This means that, in addition to interest charges, you will be charged a cash advance fee, typically 3-5% of the transaction.
My credit card has been declined – Why?
This one is more complex, so we’re going into more detail in the section below. However, if your credit card is declined by the betting site or the credit card provider, it may be because some credit cards providers refuse to accept gambling transactions and some casinos may no longer accept credit card payments. They may also be ineligible for casino sign up bonus offers.
Paying For Your Gaming – Canadian Players Beware!
As we mention in the FAQ above, there are various on-going issues with Canadian credit cards and gambling transactions. For example, both Visa and MasterCard have been reported as declining payments at offshore gambling sites.
Additionally, when asking can you use your credit card at casino Canada, it’s all dependant on what bank or credit card provider you’re with. For example, at the time of writing, only four of the big five Canadian banks are fine with online betting transactions. If you’re with the Bank of Nova Scotia (Scotiabank) and want to make a deposit or withdrawal to/from an offshore betting site using your account or credit card, you may well find it declined.
Similarly, due to on-going federal crackdown on gambling transactions from US financial institutions to offshore betting sites, anyone with a credit card from a US-based company will find they cannot deposit or withdraw to/from an offshore betting site.
So, when you ask the question, can you use credit cards at casinos in Canada or for offshore casinos, the answer is generally yes. There are huge advantages to using them for online casino credit card deposits for Canada sites and for offshore sites – convenience, extra time to pay, security with issues of online fraud, and a lot of betting sites accepting cards. However, as we’ve shown you, there are issues with credit cards as well. You may get hit with cash advance fees, you may find your card declined by the casino or payment rejected by the credit card provider.
However, overall, when you ask can you use credit cards at casinos in Canada, it’s a yes – and it’s also a yes when answering the question is it still worth using credit cards for online betting.