At Betting Trends now we always try to meet all the main needs of bettors and gamblers, and when it comes to payment methods, deposits and withdrawals, a very delicate topic is being touched upon, since each of you's real money is at stake.
One of the questions bettors ask themselves most insistently is to understand if there are online bookmakers that require a minimum deposit of 1 euro or 2 euro upon registration. The answer to this question is no: most betting portals require a minimum deposit that varies and is never less than 5 euros.
So, the minimum deposit on betting sites è:
That's why we decided to write an article dedicated to this topic, in which we will see how you can recharge and withdraw your winnings from the created game account, what the most common payment methods are in the best Canadian bookmakers, and we will also provide some small tips aimed at increasing safety during various transactions.
Table of Contents
Let's start this guide by saying that depositing money into a online bookmaker is a very simple operation, no matter which betting portal you are registered with. In fact, the vast majority of these portals have, in the main dashboard of the site, a section dedicated to deposits and withdrawals.
This box usually also has a special wording "“Deposit” or "“Reload“ to make it recognizable for customers.
The only difference that can be noticed among various bookmakers is simply the different options to deposit money, as each platform decides which payment methodologies to adopt, although we have reserved an entire paragraph for this topic, which will be temporarily paused.
We can immediately experience the ease of use of this process on the payment methods by visiting the website of the top bookmaker Bodog:
As easy to understand from the title of this paragraph, there is a minimum deposit to be respected, which varies from bookmaker to bookmaker: unfortunately, it won't be possible to deposit just a few cents, but you will have to respect the minimum deposit requirement imposed by the different sites.
Normally, the limit adopted by most betting portals is 10CAD, but it is possible to find bookmakers that allow deposits as low as 5CAD, as well as bookmakers that require a minimum deposit of 20CAD.
But what are the available betting payment methods to deposit money?
Also in this case, everything depends on the chosen betting website. Usually, the most popular betting payment methods are:
Next on our page, we will take a closer look at how these online sports betting payment methods work.
Once the sports betting portal has verified their identity and documentation, it will be possible to make a withdrawal request.
To do this, you need to go to the page or window labeled “Cash Out” (which may also be referred to as Cassa, Prelievo, or Portafoglio) and enter the amount of money you wish to withdraw.
Therefore, it is necessary to select the preferred betting payment method among those available; before withdrawing the money, one must be aware of how much of their own money can actually be withdrawn.
While deposits are credited instantly, this is not always the case for withdrawals. Let's see together which is the best solution. The payment methods that allow quick and fast withdrawals are:
|Faster withdrawal methods|
The speed of these transactions is linked to the fact that they are all electronic wallets: each bookmaker is able to process the data in much less time compared to classic bank transactions.
We say this because many bookmakers offer bonuses of free bets (or Free Bet) or other types of promotions and bonus which, until all the wagering requirements are actually met, temporarily block some of the funds in your gaming account.
For example, if there is CAD300 in the gaming account, but 100 of this comes from one of these promotions whose wagering requirements have not yet been met, then only CAD200 can be withdrawn.
Once you have entered the amount you wish to withdraw, all that is left to do is click on the “Request Withdrawal” button.
The bookmaker will then review your account information to ensure your request can be processed.
Most bookmakers state that a withdrawal request can take up to 48 hours to review and process, but this mainly depends on the volume of requests they receive at that time and the betting payment methods selected.
Usually, the platform sends an email to confirm that the request was successful within 24 hours.
To get a specific idea of how the best betting operators operate with the fastest payment methods, we invite you to try one of the new betting sites most chosen by players from all over Canada, Sports-Interaction :
The main goal of bookmakers is to entertain their clients, offering a lot of bet options and sports on which to place their bets.
Part of this fun can easily turn into frustration and stress if deposits and withdrawals take too long to process. That's why we have consulted many different bookmakers and tested their deposit and withdrawal speeds to provide our readers with a list and advice on sites with the fastest betting payment methods.
It should be noted that not all betting portals guarantee the same speed in payments and deposits; this may happen because you have chosen the wrong bookmaker, or due to internal reasons such as:
For these reasons, one of the main pieces of advice we want to give to each of you is to read as many reviews as possible before deciding which bookmaker to sign up for, in order to have a complete overview of the subject.
For this reason too, we invite you to read 888sport review and evaluate the bookmaker's offer:
To make this task easier, we have already done a lot of research and have concluded that the best sites for betting payment methods in Canada are:
Scrolling down in our guide, we will take a closer look at mini guides that detail what each betting operator has to offer.
When it comes to betting payment methods, it is advisable to use the same method that was selected for both depositing and withdrawing funds.
However, there are some cases where this may not be possible, such as when credit cards can be used to deposit money, but cannot be used as a withdrawal method. In these cases, it's important to know the advantages and disadvantages of each of the most common withdrawal methods.
We have decided to describe, below, the most popular and widely used:
In most Canadian bookmakers, credit/debit cards are the most widespread and used payment method by bettors. As for the game account recharge, it is instantaneous, while for withdrawals it takes about three working days and generally does not involve any commission. The minimum amount that can be withdrawn using credit/debit cards is usually quite low.
|Payment Methods Credit-Debit Cards (Top Up/Withdrawal)|
|StarCasino||No Withdrawal||☑||No Withdrawal|
Now we just need to try the payment options with credit/debit cards offered by our top bookmaker William Hill:
Another very common payment option that can be found on most betting portals are electronic wallets, such as PayPal, Skrill, and Neteller. In this case as well, deposits are instant, while withdrawal times are shorter compared to the previous method: it only takes a couple of days before the payment is credited.
However, withdrawing money using a Skrill, Paypal or Neteller account usually incurs a charge, often described as a "platform development contribution", so it's important to keep this in mind when making a withdrawal.
|e-Wallet Payment Methods|
Let's personally verify the payment methods with the e-wallets of the top bookmaker Bet365:
The third method we are going to describe is much less used compared to the first two, but it allows for high maximum limits on withdrawals, making it a common method for high rollers. Bank transfers take more time to set up, as one needs to act as a mediator between their bank and the beneficiary (i.e. the betting website). Once processed, it may take from two to ten (or more) business days for the payment to arrive in one's gaming account and vice versa. This method is also subject to high fees.
|Payment Methods Bank Transfer|
Among the bookmakers that offer bank transfer as a payment method, we remember Wazamba:
The last payment method we have addressed is Postepay card, a less widespread but highly advantageous option. Firstly, this method is 100% secure and has no commission fee.
Another huge advantage is that you can link it to a Skrill or Paypal account, increasing its speed and convenience. Unfortunately, there are very low monthly withdrawal limits, so it won't be possible to withdraw or deposit very high amounts. Like credit/debit cards, it will also take 48 to 72 hours before the actual withdrawal can be made.
There are several Canadian bookmakers that also offer alternative payment methods, such as some lesser-known electronic wallets, through prepaid vouchers, or even the possibility of topping up their gaming account through a physical retailer, as is the case with bookmakers Bet365, LeoVegas, Wazamba, Better Lottomatica, Planetwin365.
However, the most convenient payment methods, nevertheless, remain those that we have just seen, accessible with any mobile device and wherever you may be.
There are betting operators who accept cryptocurrencies such as Bitcoin and altcoins (Litecoin, Ethereum) as payment methods. However, since they are not AGCO websites, meaning they are not licensed by the ADM, it is not advisable to place bets on these portals.
Now let's see what are the payment methods for betting on the best betting portals we have analyzed, starting with Bodog.
Bodog is one of the best when it comes to deposit and withdrawal methods, with 10 different options to choose from.
Regarding credit/debit cards, at Bodog it will be possible to choose between:
The minimum deposit is CAD10 and it will take up to 3 working days for the withdrawal to be credited, while the game account recharge is instant.
On Bodog you can also deposit and withdraw using e-wallets, the electronic wallets that more and more bettors are preferring due to their security and convenience. The e-wallets supported on this site are:
In this case too, the minimum deposit is only CAD10, while the waiting times for withdrawal are reduced: only 2 business days.
Unfortunately, Bodog does not accept bank/postal transfer as a payment option, but instead offers two alternative methods, such as OnShop and Entropay.
The second website we have chosen is 888sport. Like all the other sites on this list, 888sport offers credit and debit cards as its primary payment method:
As for e-wallets, there are slight differences compared to other sites. In fact, in addition to the classic Skrill, Neteller, Paypal, and Paysafecard, 888sport allows its customers to use Apple Pay, but only to deposit money into their gaming account.
Another slight difference compared to other sites is the possibility to make deposits and withdrawals via bank transfer; we remind our readers that this is the slowest option among all, in fact it takes from 1 to 3 working days for the recharge and 5-8 days for the withdrawal.
Even on this platform, the minimum deposit limit is only 10CAD, while the minimum withdrawal limit is 15CAD; the timing for both depositing funds into your gaming account and withdrawing winnings depends on the selected payment option.
Let's now describe the payment methods for betting on StarCasino. Even on this platform, the main method is through credit/debit card, specifically:
A negative note about StarCasinò is that, compared to its direct competitors, it offers many fewer betting payment methods when it comes to e-wallets; in fact, only Skrill and Paypal are available, probably to avoid complications by introducing other rarely used electronic wallets.
It is interesting to note that it is possible to withdraw winnings via bank transfer, but this method cannot be used for deposits. Additionally, alternative payment options include OnShop, Moneybookers, and CartaSì.
One positive aspect of payments on StarCasinò is the possibility of betting payments over 1000 euros. In fact, the minimum deposit is only 5CAD (for some payment methods, this limit is raised to 10 or 25), while the maximum deposit can reach up to 9000CAD (which decreases to 2000CAD with some payment options).
The timing is the usual: 2-3 working days for all methods, except for bank transfer, which takes 6-9 working days.
Now let's analyze the payments and recharges on Better, owned by the Lottomatica group; this website offers an incredible variety of betting payment methods, born from the historical experience of the Lottomatica group in the field of sports betting.
On this platform, it will indeed be possible to make payments and top-ups with:
On one hand, the wide variety of payment options represents a great strength of Better, on the other hand, the enormous limitations on the amount of deposit and withdrawal money could discourage new users from choosing this site.
Actually, the minimum deposit is only 10CAD, but the maximum deposit is only 950CAD, compared to over 2000CAD limit of some competitors.
Moving onto the withdrawal section, the situation improves considerably: it will be possible to withdraw winnings from as little as 10 Euros, up to a maximum of over 1000 (depending heavily on the chosen payment method); the credit will be immediate if an e-wallet is used, while with credit cards it will be necessary to wait for the usual 2-4 working days, and for bank transfers it will take 4-7 days.
The last betting site we're going to talk about today is Sports-Interaction, a slightly more international platform compared to the other listed bookmakers, which is also reflected in the betting payment methods.
Here are the methods of deposit and withdrawal accepted on Sports-Interaction:
We were talking about a platform that is more internationally recognized compared to the other sites listed in this guide; this is most noticeable regarding deposit and withdrawal limits: Sports-Interaction has a very low deposit limit, only CAD5, but the real surprise lies in the maximum limit, potentially infinite, as it is at the discretion of the issuer.
The same applies to withdrawing your winnings: you can withdraw a minimum of 5CAD and a maximum always at the discretion of the issuer.
As we have seen, PostePay is one of the most popular methods for recharging your gaming account.
For those who don't know, PostePay combines a simple prepaid card with a credit card that can be used to withdraw cash; the type of card provided by PostePay is Visa Electron, which makes it easy to use, not to mention that this type of card is one of the most widely used in the world.
Currently, PostePay cards have a limit of up to CAD3000 per day, so it is important to keep this in mind if you plan to use this card as the primary method for deposits and withdrawals from your online bookmaker account.
Before being able to use the PostePay recharge for betting, it must be activated. The PostePay card is really easy to obtain: just a few online steps are needed to create and activate your own personal PostePay.
Here is the Top 5 of bookmakers with PostePay:
|LeoVegas||15 euro Free Bets + Bonus up to 300 euro|
|Bodog||Welcome bonus up to 260 euros|
|StarCasino||Welcome bonus up to 100 euros|
|Better||Welcome bonus up to 250 euros|
|Skybet||Welcome bonus up to 100 euros|
One of the biggest advantages of this card is that you can invest money both online and offline, using a variety of different methods. To register a PostePay card, simply go to the chosen bookmaker and follow the instructions to set up the card as the default payment method.
Once the registration process is complete, it will be possible to select the method of depositing money onto your PostePay card; deposits can be made through specific tobacco shops, post offices, using an ATM or even at Wazamba kiosks.
The most interesting fact about PostePay cards is that the majority of bookmakers allow the use of it both for recharging your gaming account and for withdrawing the money won from bets.
This is not often seen for a prepaid card, and for this reason, we believe that bettors will undoubtedly appreciate the ability to have access to such an accurate payment method.
For those who prefer electronic wallets, or e-wallets, the main choice would undoubtedly be PayPal. With just an email account, anyone can set up their e-wallet to make deposits and withdrawals.
Thanks to its maximum security and anonymity, it is gaining increasing popularity among online bettors; it has also become one of the brands for identifying reliable betting portals.
Recharging your PayPal betting account offers numerous benefits, primarily the speed of transactions, which is instantaneous compared to the typical 2-3 business days for credit/debit cards and 4-5 for bank transfers.
Here is the Top 5 list of bookmakers with PayPal:
|Wazamba||5 euros free bets + Bonus up to 310 euros|
|888sport||Welcome bonus up to 100 euros|
|Unibet||Welcome bonus of 10 euros|
|Betsafe||Welcome bonus up to 50 euros|
|Planetwin365||Welcome bonus up to 250 euros|
Being able to make anonymous transactions online is one of the most important factors that many people consider. PayPal makes this possible because it does not require any banking information before it can be used for payments and withdrawals. All you need is an active email address.
Lastly, one of the main reasons why bettors prefer to use PayPal as a payment method for betting is the higher maximum limitations for both deposit and withdrawal, compared to all other payment options.
Naturally, like everything else, Paypal also has some small Cons. The most important within payments for sports betting, consists of small commissions that platforms could charge if you choose this e-wallet as a payment method.
Usually, these small commissions are covered by the betting website itself, but it is still advisable to inquire beforehand in order to avoid unpleasant last-minute surprises.
Skrill is another e-wallet that allows online bettors to make transactions in complete security. This popular online payment system also has a dedicated unit for betting to help bettors make deposits and withdrawals.
To start betting with Skrill, you first need to add funds to your electronic wallet or create a new account if you are a new customer. Fortunately, both procedures are quite simple and not as complicated as you might think.
Opening and maintaining a Skrill account is mostly free, unless you are making a transaction. On Skrill, most fees are charged as a percentage of the transaction amount, which should be taken into consideration, especially for larger transactions.
As we have seen in this guide, all the bookmakers listed by us (Bodog, 888 Sport, StarCasino, Better and Sports-Interaction) accept Skrill as a payment method for betting, which is why we decided to include this brief overview of this electronic wallet, in order to provide all readers with a complete 360-degree view of the main options for depositing and withdrawing from the various bookmakers.
Let's close this article by providing some useful tips for fast and secure game account recharge. We have seen how many and what betting payment methods are available in various Canadian bookmakers, and we have found that some are faster than others, especially when it comes to withdrawals of winnings.
The first piece of advice that we want to give to our readers is to use, or prefer, as a payment method, the so-called e-wallets, such as Paypal, Skrill, Neteller, as they are the fastest in processing various transactions. We say this because the bookmaker is able to process transactions much more quickly when using electronic wallets, since there is no need for bank or postal movements that act as intermediaries between us and the betting portal itself.
Even when it comes to security, e-wallets are once again the preferred method, as they use very strong encryption systems, making every transaction as secure and anonymous as possible. In case of any issues, platforms such as Paypal and Skrill respond within a few hours, and when using an Canadian bookmaker, you can also use the customer service of the site itself to resolve any deposit or withdrawal issues as quickly as possible.
In our list of the best bookmakers, we have seen how credit cards are the most popular and commonly used method by bettors. The reason is very simple: each of us has at least one active credit card with available balance at hand, therefore it is sufficient to simply enter the data of the card itself in the appropriate section on the betting site, select the amount you want to deposit or withdraw and you're done.
Although one of the most commonly used methods for payments on bookmakers, credit cards have a couple of small disadvantages:
Another one of the most classic and famous betting payment methods that we have seen accepted by all Canadian bookmakers are bank transfers.
The advantage of using a bank transfer is that there is an intermediary, whether physical or virtual, between the bettor and the betting website, who is able to block a transfer or reimburse the customer in case of dispute.
Another important advantage is that usually bank transfers are free both for deposits and withdrawals.
On the other hand, you will have to wait from 4 to 8 business days before actually seeing the money credited to your bank account.
The most commonly used method for sports betting payments among bettors is, as we have seen, credit/debit cards, followed closely by bank transfers.
The best betting payment methods with bookmakers are, without a doubt, electronic wallets, also known as e-wallets. This is because the waiting times, both for deposits and withdrawals, are practically immediate, while ensuring an unprecedented level of security.
Even in this case, the fastest payment options for withdrawals on betting sites are e-wallets, such as Neteller, Paypal and Skrill. Withdrawing your winnings through e-wallets is much faster than credit cards and, above all, bank transfers.