The online gambling industry is growing in Canada, and as such users are frequently using Canadian bank card deposit methods to add funds to their favorite online sportsbook provider. While it’s an obvious choice, many bettors are unaware that they are able to use their regular day-to-day bank cards to deposit.
There are numerous benefits to using a Canadian bank card to deposit, while there are also a few snags that might make it the wrong payment option for some. We will highlight these points and run through some key information, going into detail about depositing methods and top-rated oddsmakers for users to search for the very best betting odds and begin their betting journey.
What’s the advantage of using Canadian Bank Cards to deposit?
A popular choice among many online bettors, depositing via Candian bank card is a great option to sportsbook users. Given how widely and readily accepted regular bank cards are, both in Canada and worldwide, it makes it a top choice for bettors as well as sportsbook providers.
What makes Canadian bank cards so useful as a payment method is their convenience. This often results in the fact that there are no additional fees attached to deposits. It also means that a variety of top-rated sportsbook providers offer Canadian bank cards as a deposit method. Overall, these are the aspects of the payment system that separate it from the rest and certainly make Canadian bank cards a very appealing option.
Canadian Bank Cards Deposit bonuses & fees
When selecting a payment option for depositing, one of the first things users should do is look through our list of top-rated online sportsbook providers, which will give insight into the very best websites for Canadian bank card users.
Another advantage of using Canadian bank cards is the bonuses users are eligible for – which can be quite lucrative! Notably, the sign-up bonuses. Sign-up or “Welcome” bonuses are one of the most important things to consider when selecting a sportsbook to deposit with. The bonuses can vary anywhere from 50-100% up to $100-$5000 based on the number of funds being deposited.
Another major pulling factor about Canadian bank cards is the fact that most online sportsbooks won’t charge additional fees at all. On the rare occasion that they do, the fees can be lower than 5% of the sum being deposited. Meaning, the amount that you deposit is the amount you get to bet with, plus any additional bonuses the selected provider adds on top. It’s always worth checking with the bank or financial institution the user holds the card with to ensure there are no additional charges coming from the bank.
Canadian Bank Cards Withdrawals
Canadian bank card sportsbook withdrawals are not commonplace, with many sportsbooks only accepting deposits via this method. One thing users look for when selecting a deposit method is a method that allows withdrawals via the same way they deposited.
Those that choose to deposit via Canadian bank cards will have to withdraw their money using alternative methods. There is a range of options available, such as courier checks, bank wire transfers, Western Union, MoneyGram and many more.