Payment’s method for sport betting
Payment methods are essential in the world of sports betting. Without them, there is no bet and without a bet, there is no win! They are as numerous as the bookmakers. In order to help you see more clearly, we have listed the most popular payment methods in Canada.
Indeed, thanks to pages dedicated to each payment service, we will see how to use these services at the bookmaker of your choice.
Payment method and sports betting
Before we get into the subject of payment methods and sports betting, let’s take a look at the definition of a payment method. This allows any customer of a bookmaker to deposit money on his account. Often, the online bettor offers to make a first deposit right after the confirmation of the registration. After betting and if the player has made any sports betting winnings, it is also via the payment method that the money can be withdrawn from the account.
In short, a payment method is an intermediary between the customer and the bookmaker. There are several categories of payment methods.
The credit card is the number one payment method in the world, whether it is for sports betting or for different types of purchases on the Internet. The main advantage of this payment method is that the deposit is made immediately into the account.
The most popular bank cards are :
The Mastercard debit or credit card is the most common bank card in the country. In fact, millions of Canadians take advantage of the many benefits of this payment method every day.
For example, here are the bookmakers in Canada that allow credit cards as a means of payment:
- Sports Interaction
E-wallet or electronic wallet
Another way to bet on bookmaker sites in Canada is to use an e-wallet. This is a payment method that has developed rapidly with the power and speed of smartphones. You just need to create an account with the e-wallet of your choice (like on a mobile betting app) and link your bank account to your e-wallet to pay your sports bets.
This payment method keeps your bank details safe from the bookmakers. This time it is the money transfer company that makes the connection with the online bettor to deposit and withdraw money. Security is also a number one asset for these companies that offer these payment solutions.
Here are the most reputable e-wallet brands in Canada:
Interac is without a doubt the most widely used payment service in Canada. Indeed, millions of Canadians trust this payment solution on a daily basis, whether to place sports bets or to pay for purchases on the Internet. Note that iDebit is more of a money transfer service.
We can also mention other e-wallet brands like Muchbetter or ecoPayz. We will have the opportunity to tell you more about these other payment services soon.
And here are the different betting platforms that offer these payment methods:
- Sports Interaction
We will update this list over time to keep it current. As a reminder, you can enjoy our special pages dedicated to each payment service in the table above.
Bitcoin and cryptocurrency
Cryptocurrencies have become a common payment method for many bookmakers. The best known crypto-currency is Bitcoin. Litecoin or Dogecoin can also be mentioned among the list of crypto-currencies that have developed in recent years.
For those who don’t know, a cryptocurrency is a digital currency available on the internet, which can be bought and sold. It is independent of banks and is linked to an encryption system. Moreover, the whole chain of transactions is freely available on the internet.
In addition to online betting, it is also possible to buy or pay for various things on the internet. We will come back to this payment method for sports betting later.
Payment method and security
The payment methods we present on this page are all verified by our staff. They benefit from a reputation and know-how recognized by the world of sports betting and money transfers. Security is one of the major elements for these payment companies. You can therefore use these payment services to pay your bets online.
Remember one thing: never share your password with anyone. Whether it is your account password at a bookmaker or your password at an e-wallet.