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 of our four top rated 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.
Popular Deposit Options
Interac – All Sportsbooks
This is a method that everyone with online banking in Canada should be familiar with. With Interac it’s as easy as logging into your bank account to fund and cash out 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.
Visa – All Sportsbooks
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.
MasterCard – All Sportsbooks
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.
Other Deposit Options
iDebit – Betway
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.
PaySafeCard – All Sportsbooks
Paysafecard recently purchased Ukash, making them the biggest voucher deposit option across Canada. You can purchase paysafecard vouchers at Canada Post, Quickie and various gas bars throughout Canada. After purchase you simply enter your paysafecard pin number to deposit the funds online.
American Express
American Express is becoming a popular credit card deposit option among Canadians. It wasn’t long ago that none of our top rated betting sites accepted American Express deposits.
PayPal – Bet365
PayPal is starting to become an accepted deposit/withdrawal method at some online sportsbooks. Certain sportsbooks are only accepting PayPal from Ontario residents, and some PayPal deposits seem to be declined due to “international regulations”. I will continue to update the PayPal page if it becomes a more accepted method across Canadian sportsbooks in the future.
Instant Bank Transfer
Instant Bank Transfer is similar to Interac in that you simply need to login to your online banking through a third party provider and confirm the transfer. This is an easy to use method for both deposits and withdrawals.
Wire Transfer
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.