Best Sportsbook Payment Methods 2024

Looking for a complete list of sportsbook payment methods? You’ve found it. While every sportsbook offers different withdrawal and deposit methods, nearly all of them will offer crowd favourites like credit and debit cards, and Interac e-Transfer. On this page, we cover an up-to-date list of betting deposit methods available at major Canadian sportsbooks in 2024. In addition, we cover withdrawal limits, crypto betting, withdrawal speeds, and which payment methods are the most secure for online gambling.

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Sportsbook Deposit & Withdrawal Methods In Canada

TypeJump To Betting Deposit MethodLearn More
Visa Betting SitesBetting with Visa
Mastercard Betting SitesBetting with Mastercard
interacInterac Betting SitesBetting with Interac
InstaDebit Betting SitesBetting with InstaDebit
much betterMuchBetter Betting SitesBetting with MuchBetter
Paysafecard Betting SitesN/A
iDebit Betting SitesN/A
Apple Pay Betting SitesBetting with Apple Pay
PayPal Betting Sites Betting with PayPal
Neosurf Betting SitesN/A
ecopayz Betting SitesN/A
Bitcoin Betting SitesBetting with Bitcoin
Ethereum Betting SitesBetting with Ethereum
litecoinLitecoin Betting SitesBetting with Litecoin
Neteller Betting SitesBetting with Neteller
Click To Pay Betting SitesBetting with Click To Pay
Skrill Betting SitesBetting with Skrill

Canada 2024: Complete List Of Betting Site Payment Methods

Popular payment methods have varied over the years. While cryptocurrency used to be all the rage, today’s regulated markets have paved the way for sportsbooks to integrate directly with bank accounts. Today in Canada, Interac e-Transfer is the easiest sportsbook withdrawal method, while credit cards like Visa and Mastercard dominate the deposit method category. Credits cards like Amex are less popular, and certain e-wallets are scarce. For Ontario bettors, certain regulations prevent the use of e-wallets to wager with, so these sportsbook deposit methods will be largely unavailable as well.

Below, we cover the most popular Canadian betting deposit methods, rules and regulations you need to be aware of, and our top recommended sportsbooks that accept these methods. We also cover average withdrawal times, and whether the methods below can be used to withdraw or deposit only.

Visa Betting Sites & Payment Method Details

visa

“More People Go with VISA” is the slogan for a reason. Visa has been one of the most widely-accepted forms of electronic money transfers since the internet was invented, and betting with Visa is the easiest method out there. You’ll be hard-pressed to find a sportsbook that DOESN’T accept Visa, or other forms of credit cards. Typically, betting with Visa means your deposits will go through instantly, and only require a minimum of $10. Visa does not charge fees on transactions, and most sportsbooks will not charge you to use Visa on their site. Typically the maximum deposit amount with Visa is $30,000, but most credit card limits are much lower than this regardless. Some sportsbooks will allow you to deposit up to $1M with Visa, so check the requirements as your favourite book. Most sportsbooks will not allow you to make a withdrawal to your Visa card.

Visa Betting Sites
bet365PowerPlayWilliam HillBetVictor
Bet99888SportPinnacleBetano
Sports InteractionNorthStar BetsCasumoPointsBet
BetwayBetRiversCaesar’sDraftKings
LeoVegasTonyBetBetMGMComeOn!

Mastercard Betting Sites & Payment Method Details

mastercard

Right up there with Visa, tons of Canadians have a MasterCard and there’s a reason for it. As one of the default credits cards found around the country, nearly all sportsbooks accept MasterCard as payment. Essentially, if a sportsbook accepts Visa, they’ll accept most major credit cards as well. American Express is the only exception, with very few sportsbooks listing this option. What’s more, is some sportsbooks even allow bettors to withdraw back on to their MasterCard, although it’s rare. Similarly to Visa, the minimum MasterCard deposit at most sportsbooks is $10, and the maximum ranges from $20,000 to $1M.

MasterCard Betting Sites
bet365PowerPlayWilliam HillBetVictor
Bet99888SportPinnacleBetano
Sports InteractionNorthStar BetsCasumoPointsBet
BetwayBetRiversCaesar’sDraftKings
LeoVegasTonyBetBetMGMComeOn!

Interac & Debit Betting Sites & Payment Method Details

Most people associate Interac with debit, as Interac is the most widely used payment system for debit cards in Canada. But when a sportsbook says they accept Interac, this can mean a host of things: Interac e-Transfer, debit cards, or Interac instant bank transfers. Similarly on the flip side, if a sportsbook lists debit cards, or instant bank transfers, they really mean that they accept Interac. In fact, even above credit cards, Interac is the number one most widely available payment method at Canadian sportsbooks. This is largely due to the security involved — you have to transfer real money from a financial institution. There’s no possibility of a credit default, and the funds can be traced to the bank. Typical deposit ranges with Interac range from $10 to $10,000 for both deposits and withdrawals.

Interac E-Transfer Betting Sites
bet365PowerPlayWilliam HillBetVictor
Bet99888SportPinnacleBetano
Sports InteractionNorthStar BetsCasumoPointsBet
BetwayBetRiversCaesar’sDraftKings
LeoVegasTonyBetBetMGMComeOn!

InstaDebit Betting Sites & Payment Method Details

insta debit

The online equivalent of paying with a cheque, InstaDebit is a quick and easy way to transfer funds from your bank without directly connecting your bank to the sportsbook. Some players like this added level of security by going through a third party, which is why betting with InstaDebit has taken off in popularity. Not all sportsbooks offer this payment method, but it’s among some of the most commonly offered methods as it is. The minimum deposit amount with InstaDebit is typically $10, but the maximums range widely. For Instance, Pinnacle only allows players to deposit $2500 and charges a $5 fee to withdraw, versus bet365 allows players to deposit $20,000 and charges no fees. Always check the rules at the sportsbook your suing for full details.

InstaDebit Betting Sites
bet365TonyBet
Bet99888Sport
Sports InteractionNorthStar Bets

MuchBetter Betting Sites & Payment Method Details

much better

Similar to InstaDebit, MuchBetter is not accepted by all sportsbooks, but it is accepted by the very top ones. Betting with MuchBetter is another great option to keep your money and its movement trusted and secure. As a digital wallet, MuchBetter works similarly to a bank account, but generally comes without the associated fees. Digital wallets became popular when sports betting was less popular in Canada — as many sportsbooks at the time didn’t allow integrations with financial institutions. MuchBetter is also a great solution for international travel, and offers rewards similar to credit cards. Betting sites that accept MuchBetter usually require a minimum deposit of $10, and the maximum is set by your MuchBetter account.

MuchBetter Betting Sites
BetMGMTonyBet
PowerPlay888Sport
PinnacleCasumo
LeoVegas

Paysafecard Betting Sites & Payment Method Details

Safe, reliable, and no bank account required, betting with Paysafecard is another widely accepted solution that protects your financial information. Specifically designed with casinos and sportsbooks in mind, a Paysafecard allows bettors to limit themselves to a certain spending amount by using the funds prepaid on the card only. This is a low limit pre-paid card that only allows bettors to add $400 to the card at a time. Players can purchase Paysafecards at a number of retailers, mostly gas stations, and then pay using a single 16 digit code on the card. Think of it like a gift card to use at any online vendor — no bank details needed. Paysafecard is a large brand that also owns Neteller and Skrill digital wallets.

Paysafecard Betting Sites
bet365TonyBet
BetwayWilliam Hill
PinnacleCasumo
PowerPlay

iDebit Betting Sites & Payment Method Details

iDebit is another form of direct online bank transfer, which enables you to transfer funds directly from your bank account. Similar to Interac E-Transfer, iDebit’s technology integrates with your bank to facilitate encrypted, safe money transfers, without needing to disclose banking details to the casino or iDebit. Instead, iDebit will simply request a transaction from your bank, and once you approve it through your banking account, the money will be sent to iDebit, who will then send it to the sportsbooks. No banking details disclosed to anyone. It’s worth noting that some sportsbooks treat iDebit like a wire transfer, and therefore have higher-than average minimum deposit requirement. Pinnacle, for instance, requests a minimum of $50 and charges a 1.25% deposit fee.

iDebit Betting Sites
NorthStar BetsTonyBet
BetwayPinnacle

Apple Pay Betting Sites & Payment Method Details

Apple Pay has taken off in popularity due to its ease of use for iOS users. People with iPhones can simply add their credit card data to Apple Pay, and then select Apple Pay at checkout to confirm their purchase. Apple Pay is safer to use than a physical credit card, as it does not share any credit card data with merchants. It only shares necessary billing information like name and email address to make your purchase go through. Apple Pay does not charge any fees to use their services, and all payments go through automatically. Sportsbooks typically treat Apple Pay the same as any credit or debit card and therefore have very high deposit limits.

Apple Pay Betting Sites
bet365Betano
888SportWilliam Hill
CaesarsDraftKings

PayPal Betting Sites & Payment Method Details

With over 200 million global users and 29 million merchant accounts, PayPal has grown to be one of, if not the, top payment alternative to a traditional bank account. Originally created for internet purchases through eBay, PayPal was established in 2000 and has expanded their global reach through decades of business expertise. PayPal was particularly successful due to its international capabilities; rather than send a wire transfer, buyers and sellers could easily use PayPal to send money abroad. In addition, PayPal protects the buyer by adding additional security measures and payment protection should you not receive the goods you paid for. Today, PayPal is accepted by a number of sportsbooks and the majority of them do no charge fees for this type of transaction.

PayPal Betting Sites
BetMGMCaesars
BetVictorWilliam Hill
BetRiversBetano
PointsBetDraftKings

Neosurf Betting Sites & Payment Method Details

Built with online gambling in mind first, NeoSurf is both an electronic cash voucher and online wallet, depending on your preferred use of their services. To use NeoSurf, simply find a local retailer that sells their vouchers and select the amount you’d like to buy. Like a gift card, NeoSurf offers pre-set amounts that players can choose from. Simply pay using your preferred method, and you’re free to use your NeoSurf card at any online casino or retailer that accepts it. You just enter the 10-digit code on your card and that’s it — no payment detailed required. Minimums for NeoSurf at most sportsbooks range from $10-$20, and sometimes costs a 1.25% fee (by NeoSurf).

Neosurf Betting Sites
PariMatchBetway
LeoVegasPinnacle

Payz Betting Sites & Payment Method Details

Formerly known as ecoPayz, the Payz digital wallet is another excellent global payment solution that allows you to send money in multiple currencies. Payz is a free e-wallet that works similarly to a bank account, and allows you to send and receive funds in over 50 currencies. You can even order a Payz MasterCard which allows you to spend funds in 8 currencies. In other words, Payz is an excellent choice for travelers, or bettors who wish to gamble abroad. You can easily set payment limits from within the app, which makes betting with Payz a safe option if you’re worried someone will get ahold of your account, or wish to hold yourself accountable and stay within your limit. Similarly to banks, Payz even offers account benefits to Silver, Gold, and Platinum members. Generally, sportsbooks do not charge a fee to use Payz, and the minimum deposit is $10.

Payz Betting Sites
bet365TonyBet
William HillPinnacle
888Sport

Bitcoin Betting Sites & Payment Method Details

The king of cryptocurrency, Bitcoin was the first successful digital currency to be mass-adopted for use. In 2009, Bitcoin was launched as the first ever decentralized currency that relied on the blockchain to track transactions. Cryptocurrencies such as Bitcoin eliminate the need for one authority to govern the value of the currency. Rather, the blockchain, which is essentially a peer network, rewards Bitcoin users for validating transactions as legitimate, as opposed to a bank or government doing so. Bitcoin was originally very popular for use at online casinos when they were strictly illegal. Bitcoin allows users to anonymously gamble without repercussions. Today, cryptocurrencies are accepted at a number of online sportsbooks simply due to their convenience. Players should note that while you can deposit at sportsbooks with Bitcoin, most don’t allow you to withdraw using this method.

Bitcoin Betting Sites
PariMatchTonyBet
PowerPlayPinnacle
ComeOn!

Ethereum Betting Sites & Payment Method Details

Ethereum itself is not a cryptocurrency, but rather is a blockchain platform launched in 2015 that enables other users to create secure digital technologies. Ethereum does, however, own a cryptocurrency known as Ether (ETH). Ethereum gained popularity as a platform, and subsequently their cryptocurrency gained popularity, due to the sophistication of their online platform. They are among the first to introduce blockchain capabilities for more than just payments systems, but contracts, finance, and the metaverse too. In addition, a number of NFTs use Ethereum as their blockchain platform of choice, due to its strong decentralized capabilities. Not as many sportsbooks accept Ether as they do Bitcoin, but you’ll find it at a few books such as those listed here.

Ethereum Betting Sites
PariMatchPowerPlay

Litecoin Betting Sites & Payment Method Details

litecoin

Pre-dating Ether, Litecoin was launched in late 2011 as an alternative to Bitcoin, and was picked up by a number of online merchants in subsequent years. Originally, Litecoin was created to address early issues with Bitcoin. Where Bitcoin was meant to reduce centralized systems, it quickly became evident that large corporations were conducting most of the mining on Bitcoin — giving them the most power to control the validation of the currency. Litecoin uses a different algorithm than Bitcoin, and has a faster processing time — overall making it a more suitable cryptocurrency for everyday transactions. Sportsbooks that accept Bitcoin will typically also accept Litecoin.

Litecoin Betting Sites
PariMatchTonyBet
PowerPlayPinnacle

Neteller Betting Sites & Payment Method Details

neteller

Neteller was invented in Canada as a subsidiary of Paysafe, so it works well for Canadians. At its core, Neteller is a digital wallet that processes a large variety of currencies and payment methods. Bettors should be aware that Neteller charges some pretty high fees for all deposits and withdrawals. While a fee of 2.5% may not sound like much, it’s high compared to other digital wallets that typically don’t charge anything. The appeal of Neteller is its international reach, particularly within South America. You can use Neteller at most major banks across the continent. You can also use Neteller to buy and sell cryptocurrency, which not all digital wallets offer.

Neteller Betting Sites
BetwayTonyBet
BetVictorPinnacle
888Sport

Click To Pay Betting Sites & Payment Method Details

Click To Pay by MasterCard allows bettors to store multiple cards including credit, debit, and prepaid cards in one secure account. Click To Pay allows you to quickly pay for an online order without having to enter your credit card details every time — similar to Apple or Google Pay. MasterCard stores your card number to speed up the checkout process, no passwords required. As the name suggests, you simply click on this suggestion to pay at checkout, and select the card you’d like to use. That’s it, no hassle, no stress.

Click2Pay Betting Sites
Bet365

Skrill Betting Sites & Payment Method Details

skrill

Finally, Skrill is another brand in the Paysafe conglomerate known for its quick transaction speeds. While Skrill is mostly aimed at businesses o securely send and receive money, it’s also widely used by consumers to ensure safe purchases. Consumers that use Skrill regularly can cash in on their loyalty program and receive exclusive offers from casinos and sportsbooks. Similarly to Neteller, Skrill allows users to securely and affordably transfer between currencies, send money aboard, and even purchase cryptocurrency.

Skrill Betting Sites
BetVictorPinnacle
888Sport

Top Sportsbooks’ Payment Methods

There’s no particular rhyme or reason as to why some online betting sites offer some payment methods over others, but largely it comes down to fees, customer requests, and the demand for popular payment methods. While most betting sites will offer the same online banking methods to deposit and withdraw funds, this isn’t the case at every book — which is why we’ve broken it down by deposits and withdrawal below.

In addition, online sportsbooks will offer different methods for different regions based on regulations. For example, numerous sportsbooks offer more options to the rest of Canada than Ontario. That said, Ontario offers more secure ways to link your bank account. Always read through the cashier section before you deposit funds to your sportsbook bank account.

1. Bet365 Withdrawal and Deposit Methods

Bet365 is a globally-recognized online betting site, now with a strong presence across Canada and Ontario as well. The withdrawal and deposit methods available at bet365 are fairly standard, and include a wide enough range to appeal to most bettors. The bet365 Interac deposit method, in addition to credit card payments, are the most popular payment methods at this sportsbook. At this time, bet365 does not charge any fees to withdraw funds. Withdrawals at bet365 take between 12 hours and 5 days, depending on the method used. Finally, bet365 offers both full and partial cash out option for players to get back some of their stake before an event has concluded.

Deposit Methods at bet365 Canada

Betting Payment Methodsbet365 Deposit Minimumbet365 Deposit Speed
Visa / Mastercard$10 Instant
Debit$10 Instant
Apple Pay$10 Instant
InstaDebit$10 Instant
PaySafeCard$10Instant
Click to Pay$10Instant
Payz$10Instant
Wire Transfer$2001-5 Business Days

Withdrawal Methods at bet365 Canada

Betting Withdrawal Methodsbet365 Withdrawal Minimumbet365 Withdrawal Speed
Visa / Mastercard$101-2 Business Days
Debit$101-2 Business Days
InstaDebit$10 24 Hours or Less
Payz$10 12 Hours or Less
Wire Transfer$200 1-5 Business Days

2. Sports Interaction Withdrawal and Deposit Methods

The available Sports Interaction deposit methods are somewhat limited in Canada, as they currently only include Interac e-Transfer, Instadebit, credit, and debit cards. The methods listed below will change based on your location, so check the cashier section of your Sports Interaction account for the most up-to-date details. If you have some preferred payment methods, you may be left disappointed by the limited options here. Sports Interaction does not charge any withdrawal fees, and Sports Interaction withdrawal times are usually between a few hours to 2 days. In addition, the Sports Interaction cash out option is available to all players who wish to cash out their bet early.

Deposit Methods at Sports Interaction Canada

Betting Payment MethodsSports Interaction Deposit MinimumSports Interaction Deposit Speed
Visa / Mastercard$10Instant
Interac e-Transfer$10Instant
Apple Pay$10Instant
InstaDebit$10Instant
PaySafeCard$10Instant
Wire Transfer$101-5 Business Days

Withdrawal Methods at bet365 Canada

Betting Withdrawal MethodsSports Interaction Withdrawal MinimumSports Interaction Withdrawal Speed
Visa / Mastercard$101-2 Business Days
Interac e-Transfer$10 1-2 Business Days
Apple Pay$101-2 Business Days
InstaDebit$10 1-2 Business Days
PaySafeCard$101-2 Business Days
Wire Transfer$10001-5 Business Days

3. Betway Withdrawal and Deposit Methods

Originally a UK-based betting site, Betway is a popular option for soccer bettors, and offers numerous deposit methods to Canadians. Because they operate in numerous regions around the world, the deposit methods at Betway will vary based on where you live. No matter where you bet from, Betway does not charge any fees to deposit or withdraw money. Betway Interac deposits are one of the most popular payment methods at this sportsbook, but they have several more options to choose from as well. In addition, bettors can cash out their bets early, or partially cash out their winnings before a match ends.

Deposit Methods at Betway Canada

Betting Payment MethodsBetway Deposit MinimumBetway Deposit Speed
Visa / Mastercard$10Instant
Interac by Loonio$5Instant
Interac e-Transfer$1Instant
Google Pay$10Instant
MuchBetter$10Instant
iDebit$10Instant
PaySafeCard$10Instant
NeoSurf$10Instant
Debit$10Instant
Payz$10Instant
Flexepin$10Instant

Withdrawal Methods at Betway Canada

Betting Withdrawal MethodsBetway Withdrawal MinimumBetway Withdrawal Speed
Interac by Loonio$10Within 24 Hours
Interac e-Transfer$10Within 24 Hours
MuchBetter$101-2 Business Days
iDebit$10Within 24 Hours
PaySafeCard$101-2 Business Days
NeoSurf$10 (1.5% fee charged by NeoSurf)1-2 Business Days
Debit$10Within 24 Hours

4. BetMGM Withdrawal and Deposit Methods

Known for their Vegas legacy under the MGM Grand brand-name, BetMGM has delivered an exceptional betting experience to the Ontario betting market. Unfortunately, BetMGM is not available to the rest of Canada at this time. Fortunately, they offer a plethora of betting deposit methods, and make the BetMGM withdrawal process extremely straightforward. While BetMGM does not charge any fees to withdraw, the e-wallets they work with often do. Check with your e-wallet provider to see what fees you can expect. While BetMGM does have a cash out feature, they only offer it for some single-game and parlay bets, but not all.

Deposit Methods at BetMGM Canada

Betting Payment MethodsBetway Deposit MinimumBetway Deposit Speed
Visa / Mastercard$10Instant
Interac e-Transfer$10Instant
PayPal$10Instant
MuchBetter$10Instant
Online Bank Transfer$10Instant
Bank Wire Transfer$10001 – 5 Business Days
Debit$10Instant

Withdrawal Methods at BetMGM Canada

BetMGM Withdrawal MethodsBetway Withdrawal MinimumBetMGM Withdrawal Speed
Interac e-Transfer$10Within 8 Hours
PayPal$10Within 24 Hours
ApplePayDirect$10003 – 5 Business Days
Visa Debit$103 – 5 Business Days

5. Bet Rivers Withdrawal and Deposit Methods

Finally, BetRivers sportsbook and online casino provides an excellent betting experience to Ontario locals. All of their deposit methods are trusted and secure, and the BetRivers withdrawal time for all methods should take no more than a few days. BetRivers does not charge any fees to make a withdrawal or deposit, and offers a cash out option on eligible bets. Unlike other sportsbooks, BetRivers does not include the option to deposit using any e-wallets, or bank wire transfer. Bettors will find typical methods here only, including PayPal.

Deposit Methods at BetRivers Canada

Betting Payment MethodsBetRivers Deposit MinimumBetRivers Deposit Speed
Visa / Mastercard$10Instant
Interac e-Transfer$10Instant
PayPal$10Instant
Trustly Online Bank Transfer$10Instant

BetRivers Withdrawal Methods

Betting Withdrawal MethodsBetRivers Withdrawal MinimumBetRivers Withdrawal Speed
PayPal$10Within 24 Hours
Trustly Online Bank Transfer$102-5 Business Days
Interac e-Transfer$10Within 24 Hours

Online Sportsbook Payment Methods FAQs

In this section of our sportsbook payment methods review, we go over some of the most commonly asked questions about depositing and withdrawing at an online book.

How to make a deposit at an online sportsbook?

Once you’ve created an account at your favourite sportsbook, simply navigate to the cashier section to make a deposit. You’ll be prompted to select your preferred payment method, an amount of at least $10, and your banking (or e-wallet) details. Betting deposits should come through within a few minutes to a few days, depending on the method used.

What betting sites accept PayPal?

A large number of sportsbooks accept PayPal, including: BetMGM, BetVictor, William Hill, BetRivers, Caesars, Betano, and PointsBet.

Do sportsbooks charge a withdrawal fee?

Most sportsbooks do not charge a withdrawal fee. Some books will charge a fixed fee after a certain number of withdrawals have been passed, such as $5 on more than 10 withdrawals within one week. Some payment methods will also charge a fee, such as NeoSurf which sometimes charges a fee of 1.25%.

Can I bet online with Interac?

Yes, Interac is the most widely accepted form of betting payment method. This includes Interac E-Transfer, direct bank transfer, and debit cards.

Do sportsbooks accept cryptocurrency?

Cryptocurrency is not accepted by most sportsbooks in Canada. Sportsbooks that currently accept crypto include Parimatch, TonyBet, PowerPlay, and Pinnacle.

How fast do sportsbooks pay out withdrawals?

Most sportsbooks go through a withdrawal approval period, which lasts between 8 hours to 2 days depending on the book. From there, withdrawals are approved and will process based on the specific withdrawal method used.