Sports Betting Canadian Mascot PointingWelcome to the Sports Betting Canadian’s deposit guide!

In this section I break down the various deposit methods available to Canadians.  For each deposit method I will outline which betting sites accept it, how it works and whether you can also withdraw winnings through that method.

Sports Betting Deposit Methods for Canadians

Click on the deposit method page links below for the information and to learn which deposit option will work best for you.

Bitcoin – Bodog

The digital currency that has taken the world by storm is here to stay.  Bodog has taken notice and have added Bitcoin as a payment option for their site.  If you don’t want to use your personal bank or credit card information online then this is a great option.

Cheque – Bet365

This isn’t a deposit method I recommend, but if you like you can mail in a personal cheque, money order or cashiers cheque to the Bet365 offices in England.  You may have to wait up to 28 days for the cheque to clear and the funds to be added to your account.  I suggest buying a Ukash voucher or prepaid credit card if you prefer not to enter your personal banking information online.

Entropay – Bet365, Sports Interaction

Entropay is basically a prepaid Visa card that you can fund online.  It’s a great method for those people whose credit cards aren’t accepted at Bet365 or those of you who would prefer only giving your credit card information to one company.  I have used Entropay many times and can vouch that it is a great method for both deposits and withdrawals.

iDebit – Bet365, Sports Interaction

This is a very simple way to transfer funds directly from your bank account to your online betting account.  You will have to confirm your bank account by providing some personal information including your Social Insurance Number and then login to your online banking to complete the transfer.

Interac e-Transfer – Bodog

This is a method that everyone with online banking in Canada should be familiar with.  Bodog has it set up where you can send them an email money transfer through your online banking account in the exact same way you would send an e-transfer to your friends.  This is a great method for all Canadians who have online banking, but you should note that the funds will take between 3 and 20 hours to appear in your account.

MasterCard – Bet365, Bodog, Sports Interaction

MasterCard has a higher rate of successful deposits than Visa, but it still can happen that your payment is declined.  If this happens I suggest purchasing a prepaid Vanilla MasterCard in order to ensure that your deposit goes through.

PayPal – DraftKings, FanDuel

The most popular e-wallet online does not allow Canadians to make “gambling” deposits using their site.  That means you won’t find a sportsbook accepting PayPal deposits from Canadians at this time.  But not all is lost.  Daily Fantasy Sports are considered a “skill game” in Canada so you can use PayPal to try for some big paydays in fantasy sports.

PaySafeCard – Bet365, Sports Interaction

Paysafecard recently purchased Ukash, making them the biggest voucher deposit option across Canada.  You can purchase paysafecard vouchers at Esso, Petro Canada or Canada Post.  After purchase you simply enter your paysafecard pin number to deposit the funds online.

Visa – Bet365, Bodog, Sports Interaction

Visa is the most popular way for Canadians to deposit into their online betting account.  That said it can happen that your Visa could decline the payment.  It really depends on the bank you use and how the betting site has their payment processing set up.  If this happens you can always purchase a prepaid Visa to ensure your deposit goes through.

Wire Transfer – Bet365

If you don’t want to provide any banking or credit card information at all, but would like to deposit a large sum then the wire transfer method may be the way to go.  Bet365 provides players with all the information to send a wire from your bank.  Just make sure you include your username as a reference so they know where to deposit the funds.

American Express

Unfortunately there are no online betting sites that accept direct American Express deposits.  That said, it is possible to purchase prepaid credit cards or paysafecard vouchers with your American Express, both of which are accepted at our top rated sportsbooks.  I explain this strategy of depositing via American Express through a middle man (prepaid card) on this page.