Welcome 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 cryptocurrency 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.
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.
Ethereum – BetOnline
The second most popular cryptocurrency allows fast, easy and secure deposits and withdrawals at online betting sites. BetOnline is currently our only recommended sportsbook that accepts Ethereum payments, but I expect many more to move towards popular cryptocurrencies as payment options in the future.
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.
Instant Banking – Sports Interaction
This is a very simple method to transfer funds from your bank directly to your sportsbook account. You simply log into your bank account using your normal banking login, and answer two verification questions to confirm your account before making the transfer.
Interac e-Transfer – Sports Interaction
This is a method that everyone with online banking in Canada should be familiar with. Sports Interaction is the only betting site that has made it as easy as logging into your bank account to fund your sportsbook account. This is a great method for all Canadians who have online banking and I expect it to become the most common way to deposit and withdraw for Canadians.
Litecoin – BetOnline
Often thought of as Bitcoins little brother, Litecoin is another safe, secure and transparent cryptocurrency deposit option that I expect to become popular for sports betting transactions in the near future.
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
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.