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 – Sports Interaction, Bodog, BetOnline
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.
Bitcoin – Bodog, BetOnline
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.
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 – 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.
PaySafeCard – Bet365, Sports Interaction
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 – Bodog, BetOnline
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, but that has changed with Bodog and BetOnline both now accepting this form of credit card deposit.
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.
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.
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.
Direct Bank Transfer – Bodog
Direct bank transfer is similar to a wire transfer in that you provide all of your bank account information to the betting site in order to complete the deposit. You also have to include your SIN # with this method. I suggest using the Interac option to transfer money from your bank account via a much easier process than Direct Bank Transfer.