How to Pay and Get Paid at Online Gambling Sites ON
Money in the Bank – Ontario’s Secure iGaming Deposits & Withdrawals
To gamble online, we have to move money into a betting account. If we win, we want that money back, either in the bank or cash in hand. As a member of Ontario’s vast iGaming community, there are many ways you can go about it.
This page focuses on the multitude of payment methods Ontario’s legal, iGO-licensed gambling sites support for deposits and withdrawals. We cover the safest, fastest, and cheapest ways to get your money from point-A to point-B.
Secure iGaming Deposits & Withdrawals |
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Well, unfortunately, as we’ve seen with so many news headlines, nothing is really 100% secure. Payment services take the utmost measures to ensure the safety of all transfers. Identities and payment details are encrypted with state-of-the-art technologies; the same technologies government banks utilize. From a general perspective, your deposits and withdrawals are as safe as they can possibly be. So long as you’re smart about how you send and receive money, your odds of experiencing any kind of problems are significantly reduced. That means using secure passwords, protecting those passwords, and never inputting sensitive information on an insecure website; (i.e. always look for the “https://” at the beginning of a web address). As for iGaming payments, the best advice I can offer is this. Only gamble with online betting sites that are licensed and regulated in your local jurisdiction. These websites are required to use equally licensed and regulated payment suppliers. They are mandatorily safe and secure. And if anything does go wrong, with the website or a payment, you have a local authority to turn to for help. |
We’re going to start out on the topic of security because, when it comes to money, security should be your top priority. That statement rings doubly true when money is moving across digital space. No one wants to divulge sensitive information over the internet if it’s not 100% secure.
Ontario Sportsbook & Casino Payment Methods |
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There are a lot of ways to move money into an online gaming account. To make this easier, we’ll start with categories, then break them down from there.
Now that you know all the different types of payment methods for iGaming, let’s take a closer look at specific methods within each category. We also provide a brief description and which ones are available for deposits, cashouts, or both. Bank Card DepositsThese payments are among the easiest to make. All you need are the details from the physical card, and the address or postal code associated with it. The name and address associated with the card must match that of the person who owns the iGaming account. Point being, if you find a random debit card on the street, you can’t use it to fund your gambling account (and vice versa if your card is lost).
Online Banking PaymentsThis category lives up to its title. It includes all methods of payment that come straight from, and/or go straight to, your bank account. Some will require you to enter specific details, like a bank’s SWIFT code/routing number. Others are as easy as choosing your bank from a list, then logging in to your online banking account as usual to confirm the payment.
eWallets / Web WalletsAn eWallet is like a combination of a standard bank account and a physical wallet. It is an account that exists online, in the digital world. You can put money in it, spend money from it, and in most cases, receive payments to it. Most people who prefer web wallets like them because they don’t have to share sensitive banking info with online merchants. Instead, you share that info with the web wallet, and it acts as a safe, secure intermediary between you and all of your casino accounts.
Prepaid Gift Cards & VouchersPerpaid payment methods are great for a number of things. First of all, you won’t have to share your bank or card info online. Secondly, you have the option of paying in cash. Combine those two features, and you get your third perk – semi-anonymity. I say semi, because you will have to verify your identity with the online gambling site in order to comply with Ontario’s KYC (know your customer) protocol. But if you don’t want your deposits showing up on a bank/credit card statement, cash is the way to go.
Mobile Billing / Pay By Phone BillUnfortunately, despite its growing popularity, we aren’t coming across any Ontario iGaming sites that support this option. If that changes, we’ll be sure to add pay by phone billing options in the future. Direct Bank TransfersA direct transfer is one that takes place in whole, or in part, in the physical realm. Cash @ Cage, for instance, takes place 100% in person, and in cash. Wire transfers are more direct between banks than online bank transfers initiated by individuals. The following is a list of all direct banking methods we’ve found in the Ontario iGaming market.
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Author
Jackpotcity.ca is our editorial pick for your gaming needs. Fully licensed and regulated in Ontario, JC offers an entire suite of casino games, as well as a wide range of deposit options. As seen on TV, and with optional live dealers.
JackpotCity.ca
About the Author
Adalene Lucas: is our jack of all trades here at DBC. She is a skilled coder, gambler, writer and webmaster. She lives in Manitoba where she enjoys the lush landscapes and camping near Tulabi Falls. Nature gives her inspiration to write. When she's not immersed in nature, her favorite words are "game theory". She lives with her husband and their two Labradors, Kophy and Whisper.
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