Payment gateways are an integral part of many eCommerce sites or digital stores. They are also very important for online casino platforms, as funding the accounts would be a nightmare otherwise. Given the high demand for this service, it’s no wonder that there are so many payment operators available nowadays. However, as always, some are simply better than others, either in their flexibility, pricing, or technical aspects. Here we will be going over the top payment options in Canada for Canadian players, or people who play in online casinos available in Canada.

PayPal

PayPal is one of the earliest payment providers that really pioneered the world of digital payments. The company didn’t have a great start though, and at some point, it was even acquired by eBay. This was in a way a saving grace and allowed the company to amass more users, as it was one of the most convenient ways for online shopping. After that, they became separate entities on a public trade, and ever since PayPal has been doing really well.  Recently there were some rumors that they were thinking about acquiring Pinterest, and as a result, Pinterest’s stocks soared. However, it turned out to be just a rumor.

Right now, this is one of the top payment options in Canada for Canadian casinos, and almost all of the operators there allow PayPal transfers. It’s easy to fund the account and then transfer money onto your casino account. It’s also easy to make a withdrawal, and the fees are not high for these transactions. Additionally, many people shop online on eCommerce sites, so chances are they already have PayPal, making it their go-to option whenever they are paying for something online.

Interac

Interac is a Canadian FinTech company that has a great track record in this market. It is made by Canadians which explains their reputation in this region. Moreover, the payment option offers an array of advantages when used in Canada. As a result, almost all of the best online casinos in Сanada display Interac as the first payment method. They know that the majority of users will want to handle transfers using this gateway. It is quick, safe, and easy. In that sense, it is very similar to PayPal but fees are fixed, and your Interac account is connected to the bank account. To be precise you have a so-called Interac-enabled debit card. This makes it a more convenient option compared to PayPal.

Bitcoin or Cryptocurrency Payments

Cryptocurrency has become popular worldwide, and more casinos now let players use bitcoin to fund accounts. These transfers are the safest and quickest today. They also allow players to remain anonymous, which is a big advantage. Even new real money casinos in the Netherlands accept bitcoin. It has become a new industry standard, and many Canadians only play on platforms that allow crypto transfers. Cryptocurrency still has limited utility, and converting it to fiat is expensive. It’s good to know you can use it to fund your entertainment.

ecoPayz

Over the past decade, ecoPayz has become a quite popular e-wallet and gradually became one of the top payment options in Canada for casino players. Much like PayPal and Interac, it is widely available, and given its payment processing efficacy, security, and accessibility, many players choose this option. Operators are fully aware of this payment gateway and when creating a casino for this market, they try to include it for both deposit and withdrawal. In other words, you can’t go wrong with this one either.

Conclusion

There is no major difference between these top providers. The main distinction lies between e-wallets and crypto payments, as well as the systems they use for processing. These companies comply with financial laws and offer top-tier security, which is crucial when handling other people’s money. If you have a bank account in Canada, Interac is your best option. For cryptocurrency, choose casinos that accept it as a payment method. Otherwise, PayPal and ecoPayz are great options for Canadian players.