Using credit cards as online casino banking methods are popular because they are safe, secure, quick, and hassle free. In addition, players do not have to wait long to see the funds loaded in their accounts. They can start playing real money games right away without having to wait days for the money to arrive.
Canadian players use a wide range of banking methods to load their online casino accounts and to withdraw winnings, but the most popular of all these methods are credit cards. The most commonly used credit cards are Visa and MasterCard.
Credit Card Facts
- Payment Type: Credit cards
- Sign Up Cost: Free
- Fees to Send/Receive Money: Casinos do not charge players for using credit cards, but the credit card issuer may charge fees.
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Visa and MasterCard Overview
Visa and MasterCard neither issue credit cards nor send credit card statements to customers. Instead, Visa and MasterCard credit/debit cards are issued by credit card issuing companies, banks, and financial institutions. Visa and MasterCard are just providers of Visa and MasterCard branded payment services. To be able to use credit cards at an online casino, players have to first get hold of a credit card. They should then sign up at an online casino.
Credit cards are used in countries all over the world, including Canada, Belgium, Brazil, Czech Republic, Canada, Estonia, Denmark, Israel, Germany, Japan, The Netherlands, Spain, Slovakia, and the UK, to mention just a few. Visa is a global company that belongs to stockholders and its headquarters at San Francisco in California.
Making Deposits Using Credit Cards
Assuming that players have a credit card, they have to visit the cashier section of their online casino and select Visa or MasterCard as their banking method. The next step is to input card details such as card number, name, expiry date, CVC number, and the amount players wish to deposit. The amount will be instantly credited to players’ accounts.
Benefits of Using Credit Cards
Using credit cards is safe and secure, especially as they belong to reputed and experienced companies. Both Visa and MasterCard have excellent customer support, making it easy for customers who need assistance to get help. Credit cards are very easy and convenient to use at land-based as well as online stores. Consumers only have to input their card details and the amount they would like to pay. Fund transfer is safe, secure, and instantaneous.
Credit cards are the ideal online casino banking methods as almost all players prefer to pay through credit cards. Almost all online casinos allow players to pay through a variety of credit cards, including Visa, MasterCard, American Express, and Diners Card.
Since credit cards are associated with loyalty schemes, players can also earn points just by making a purchase using their credit cards. They can then claim gifts and rewards based on the number of points they have earned.
Credit Card Disadvantages
There are hardly any disadvantages of using credit cards. In some countries, which have unfavorable online gambling laws, it is difficult to use credit cards to make online casino payments. Even if the laws of these countries do not prevent individuals from gambling, they do restrict banks and financial institutions from processing gambling related funds. Players residing in such grey areas will have their credit card transactions rejected. Such players have no other option, but to use alternative payment methods such as Neteller, Click2Pay, and ClickandBuy to load their online casino accounts.
Many players also don’t like revealing their credit card details at online casinos because they feel that it is not safe for them to do so. Another major downside is that most casinos do not allow players to withdraw their winnings back to the credit cards. Even if players use credit cards to fund their accounts, they have to choose to withdraw their funds using an alternative payment method.
There is no dearth of credit card casinos in the industry and Canadian players will not find it difficult to find a reputed credit card casino to gamble at. We have researched a number of credit card casinos and recommended them on our website. Our recommended casinos are licensed, well-regulated brands that give top priority to responsible gambling and customer satisfaction. Canadian players can sign up at any of these casinos and use their credit cards to load their accounts safely and securely.