Online sports betting in Canada has undergone significant changes in recent years, beginning with the passage of the single-game wagering law on a federal level in 2022. Once that law was passed, online sports betting in Canada was officially legal nationwide.
Finding out what payment methods are available on a sports betting website is always something a player should at least peek at before signing up. Finding a reputable platform with comfortable and secure payment methods is the goal.
The best sportsbook payment methods are ones that are typically found at the majority of platforms across Canada. Finding those nationwide methods has become a little trickier with Ontario’s legal market operating somewhat separately, but the following chart should help.
It lists all of the most popular and best sportsbook payment methods that players should look for at any sportsbook they are thinking about joining.
| Payment Option 🏦 | Where is it available in Canada?📍 | Minimum Deposit 💲 | Average Withdrawal Time 🕚 |
| PayPal | Ontario only | $10 | 0-24 hours |
| Skrill | All of Canada, except Ontario | Varies per betting site | 1-3 business days |
| Neteller | All of Canada, except Ontario | Varies per betting site | 1-3 business days |
| Visa | All of Canada | $10 | 1-5 business days |
| Mastercard | All of Canada | $10 | 1-5 business days |
| Interac | All of Canada | $10 | 0-48 hours |
| PaysafeCard | All of Canada | $20 | 0-48 hours |
| Bank Transfer | All of Canada | $10 | 0-48 hours |
| Cryptocurrencies (Bitcoin, Ethereum, Litecoin) | All of Canada, except Ontario | $10 | Minutes to hours depending on blockchain confirmations |
The province of Ontario had no problems being somewhat of a trailblazer among the provinces when it rolled out its legal online gambling market in April 2022.
A few years later, Ontario is regarded as the blueprint that most other provinces want to follow to some degree, as they all consider rolling out their own laws and regulations on online gaming and generating the tax revenue that Ontario has collected.
So for that reason, it is the payment methods that are typically found at legal Ontario sportsbooks that get the spotlight here. Because if they are available in Ontario, they’ll be available everywhere else in Canada more often than not.
Credit cards have always been a popular payment method for betting, as Visa gambling deposits made by Canadians over the years probably aren’t even countable.
Players can use Visa across all operators in Ontario and the rest of the country. The vast majority also process withdrawals right back to the same Visa card.
Visa is available at:
Mastercard payments rank right up there with Visa, as the two most popular credit cards in the country are accepted for deposits across Ontario.
However, not all betting brands allow Mastercard withdrawals, which is why this credit card brand still trails Visa in the eyes of Canadian bettors.
Mastercard is available at:
By far the most familiar and most accepted payment method at Ontario sportsbooks is Interac e-Transfer. Deposit times are near instantaneous, and processing withdrawals through this method is done within a day.
Interac e-Transfers are found at:
Using a PaysafeCard for online banking isn’t a method that’s garnered tremendous popularity in Ontario, although it is becoming more recognized. Currently, only 888sport offers it for deposits and withdrawals.
Bank transfers are another payment option that has more roots in everyday life than online gaming for Canadians, but they can still fund their betting account immediately with this method, nonetheless.
Choosing this method on the deposit screen will direct players through steps to complete the bank transfer. Processing times do vary with this method quite a bit from platform to platform, especially on the withdrawal side of things. Be aware of that when choosing this as your payment method.
Bank transfer payments are found at:
There are some above-average gaming brands in Ontario with PayPal payments available, but some other site flaws keep them from making our list of top online betting payments in the province.
With only a handful of the 50 licensed operators offering PayPal, you can understand our hesitance. It’s still not adopted widely enough.
Using Skrill for gambling payments is something that Ontario bettors currently can’t do. However, bettors outside of the province still will be able to find some platforms in Canada that offer Skill as a payment method.
Neteller was a highly popular banking method at nearly every betting platform in Canada for years, but legalization in Ontario has forced it to the sidelines in that province as well.
Like Skrill, Canadians in other provinces may still be able to use Neteller at certain sportsbooks and Canadian casino platforms.
Selecting the right sports betting payment method to use on a platform is always going to have a mixture of elements like security, comfort, and simplicity. In today’s world, enough of us have done some form of online banking, so there should be multiple payment methods available at Ontario sportsbooks that we have some experience with.
That being said, sending your money out into the digital unknown for the first time is always a little unsettling, even more so when gambling is involved.
This is why it is essential to remember that any sportsbook and casino in Ontario is legally regulated by the AGCO, and therefore, all financial transactions must be secure from the outset. Security with payment methods at any Ontario operator shouldn’t be that concerning because of that oversight.
Still, we like to rank operators’ payment methods by a few different categories anyway, so here’s that process for Ontario sportsbooks.
Security should be the first concern every bettor has about payment methods, but with legal markets popping up all over the world, concerns in those regions are virtually eliminated.
Legality brings a fantastic level of regulatory oversight to the industry, ensuring that all financial transactions and sensitive data are securely protected.
Payment methods that are available to Ontario bettors are part of that group, and are just as secure on platforms outside the province as well.
Accessibility in the country is another key factor to look for in online payment methods. Once again, methods that are regularly available in Ontario are the ones players should lean towards.
Figuring out if there are any transaction fees attached to particular payment methods is done to protect your bankroll’s bottom line. With numerous platforms offering no transaction fees on multiple deposit and withdrawal methods, it is best to stick with those brands.
Payment restrictions come into play on some sports betting sites, specifically with Mastercard. It is head-scratching that many sites will process Mastercard withdrawals, but others won’t.
It’s an example of a payment restriction that can be a strike against a platform for bettors who are extremely specific with their payment method needs.
No matter what payment method a player ultimately chooses, depositing at the top sportsbooks and Canada betting apps can be done by following simple, generic steps.
They are:
Withdrawing funds from a player’s betting account follows many of the same steps as depositing, with the major difference being processing time. Most withdrawals will be processed and in a player’s hands within 48 hours of making the request. A far cry from the instantaneous nature of deposits.
To make a sportsbook withdrawal, you must:
With all the generalized payment method information now out of the way, let’s take a look at the specific payment methods accepted by the top Canadian sportsbooks available to Ontario bettors.
A sports betting platform savant in the areas of live betting, niche sports, and sports markets available, TonyBet is one of the best platforms Canadian bettors can be a part of.
There aren’t many other platforms that offer as many odds on as many sporting events as TonyBet does, all at competitive prices as well. Canadian sports bettors who are global sports fans and/or global wagerers have everything they could ever need under one roof at TonyBet.
Ontario TonyBet players don’t have a plethora of payment options to choose from, which slightly stings the platform’s profile, but money is still moved in and out of a player’s hands very quickly with any of the available options.
| Deposit Type | TonyBet Minimum Deposit | TonyBet Maximum Deposit | TonyBet Deposit Time |
| Interac e-Transfer | $15 | $3000 | Immediate |
| Visa | $15 | n/a | Immediate |
| Mastercard | $15 | n/a | Immediate |
| Withdrawal Type | TonyBet Minimum Withdrawal | TonyBet Maximum Withdrawal | TonyBet Withdrawal Time |
| Interac e-Transfer | $20 | $3,000 | Up to 24 hours |
| Visa | $20 | n/a | Up to 7 business days |
| Mastercard | $20 | n/a | Up to 7 business days |
Wildz is a betting platform that many will associate with online casino play, and rightfully so. It’s in that arena that Wildz has developed its great reputation in the gaming industry. However, it has recently branched out into the sports betting world in Canada over the past few years.
The platform still has some stripes to earn from the sports betting side of things, but it is easy to give them the benefit of the doubt, given the quality of the Wildz Online Casino.
And if you"re a gambler who’s got some experience with casino play and is still dipping your toe in the sports betting scene, Wildz is the platform for you. You can seamlessly move your bankroll between sports betting and casino play there. And it’s the casino play on this platform that will be one of the better ones available to Canadian bettors.
| Deposit Type | Wildz Minimum Deposit | Wildz Maximum Deposit | Wildz Deposit Time |
| Interac e-Transfer | $10 | $3,000 | Immediate |
| Visa | $10 | n/a | Immediate |
| Mastercard | $10 | n/a | Immediate |
| MuchBetter | $10 | n/a | Immediate |
| INSTADEBIT | $10 | n/a | Immediate |
| Payz | $10 | n/a | Immediate |
| Withdrawal Type | Wildz Minimum Withdrawal | Wildz Maximum Withdrawal | Wildz Withdrawal Time |
| Interac e-Transfer | $20 | n/a | Typically within 24 hours, but could take up to 3 business days |
| Visa | $20 | n/a | Typically within 24 hours, but could take up to 3 business days |
| Mastercard | $20 | n/a | Typically within 24 hours, but could take up to 3 business days |
| MuchBetter | $20 | n/a | Typically within 24 hours, but could take up to 3 business days |
| INSTADEBIT | $20 | n/a | Typically within 24 hours, but could take up to 3 business days |
| Payz | $20 | n/a | Typically within 24 hours, but could take up to 3 business days |
Pinnacle Sportsbook has been an institution in itself during the few decades it"s been available to Canadian bettors, seamlessly shifting to the legal Ontario market as well back in 2022.
However, the headline on Pinnacle is its low-vig approach to all its sports betting odds. It also became known for its years of sharp odds making with what’s known as the "Pinnacle Lean."
From a banking perspective, Pinnacle is known for its high betting and banking limits, as it has been catering to larger players since its inception. They are an operator that isn’t scared to book a bet at any price, and you can’t do anything but respect that.
There is a $5 fee on every withdrawal at Pinnacle, which rubs some the wrong way.
| Deposit Type | Pinnacle Minimum Deposit | Pinnacle Maximum Deposit | Pinnacle Deposit Time |
| Interac e-Transfer | $25 | $5,000 per 24 hours | Immediate |
| Visa | $25 | $7,000 per transaction
$73,000 per month |
Immediate |
| Mastercard | $25 | $7,000 per transaction
$73,000 per month |
Immediate |
| MuchBetter | $15 | Limits are provided by the payment provider | Immediate |
| INSTADEBIT | $15 | $2,500 per 24 hours
$12,500 per month |
Immediate |
| Withdrawal Type | Pinnacle Minimum Withdrawal | Pinnacle Maximum Withdrawal | Pinnacle Withdrawal Time |
| Interac e-Transfer | $25 | $10,000 per 24 hours | 0-48 hours |
| Visa | $20 | $2,500 per transaction | 0-48 hours |
| Mastercard | $20 | $2,500 per transaction | 0-48 hours |
| MuchBetter | $10 | Limits are provided by the payment provider | 0-48 hours |
| INSTADEBIT | $10 | $20,000 per 24 hours | 0-48 hours |
Born and bred in Canada back in the late 1990s, Sports Interaction generally needs no introduction to Canadian sports fans. It’s been a brand that’s been Canada-first since the beginning, and one that bettors in the country continue to support.
Low deposit minimums of $10 are a part of that, as Sports Interaction prides itself on being the betting platform for every Canadian. That means smaller bankroll bettors, bigger bankroll bettors, niche sports lovers, traditional odds players, and props gurus, too.
No matter your betting experience level or betting bankroll size, it is comfortably Canadian gaming at Sports Interaction.
| Deposit Type | Sports Interaction Minimum Deposit | Sports Interaction Maximum Deposit | Sports Interaction Deposit Time |
| Interac e-Transfer | $10 | $10,000 | Immediate |
| Visa | $10 | n/a | Immediate |
| Mastercard | $10 | n/a | Immediate |
| Withdrawal Type | Sports Interaction Minimum Withdrawal | Sports Interaction Maximum Withdrawal | Sports Interaction Withdrawal Time |
| Interac e-Transfer | $10 | $10,000 | 0-24 hours |
| Visa | $10
|
n/a | 1-3 business days |
| Mastercard | $10 | n/a | 1-3 business days |
Casumo’s low minimum deposit amount ($10) is welcomed by esports and mobile app bettors, as those are two of the clearest strengths Casumo currently has going for it.
The brand has put its name on mobile app awards in the past, as the ease-of-use of the platform on mobile devices has greatly contributed to Casumo becoming a household name for Canadian bettors.
Niche sports bettors will also find lots to love on the site, as it is a great esports betting platform overall, providing pages and pages of odds on all sorts of various leagues in that arena.
Mobile betting and esports odds are a big part of the modern era of online gaming, and Casumo’s one of the best at both in Canada.
| Deposit Type | Casumo Minimum Deposit | Casumo Maximum Deposit | Casumo Deposit Time |
| Interac e-Transfer | $10 | n/a | Immediate |
| Bank Deposit | $10 | n/a | Immediate |
| Visa | $10 | n/a | Immediate |
| Mastercard | $10 | n/a | Immediate |
| MuchBetter | $10 | n/a | Immediate |
| Withdrawal Type | Casumo Minimum Withdrawal | Casumo Maximum Withdrawal | Casumo Withdrawal Time |
| Interac e-Transfer | $20 | n/a | 0-24 hours |
| Bank Deposit | $20 | n/a | Up to five business days |
| Visa | $20 | n/a | Up to five business days |
| Mastercard | $20 | n/a | Up to five business days |
| MuchBetter | $20 | n/a | Immediate after approval |
There are 30+ sports and worldwide leagues baked into those betting menus at LeoVegas, and they are all lined with some of the most competitive prices available, especially for those who like to dabble in alternate spreads and totals.
A higher minimum deposit amount at LeoVegas ($25) than most competitors can be deterring to some, but the quality of the platform is worth the cost if you choose to think of it in those terms.
With live streaming of sports events available, demo versions of casino games to play risk-free, and some of the lowest vig alternative lines around, LeoVegas is nothing but quality.
| Deposit Type | LeoVegas Minimum Deposit | LeoVegas Maximum Deposit | LeoVegas Deposit Time |
| Interac e-Transfer | $25 | n/a | Immediate |
| Visa | $25 | n/a | Immediate |
| Mastercard | $25 | n/a | Immediate |
| Bank Transfer | $25 | n/a | Immediate |
| Apple Pay | $25 | n/a | Immediate |
| Withdrawal Type | LeoVegas Minimum Withdrawal | LeoVegas Maximum Withdrawal | LeoVegas Withdrawal Time |
| Interac e-Transfer | $25 | n/a | 0-48 hours |
| Visa | $25 | n/a | 1-3 business days |
| Mastercard | $25 | n/a | 1-3 business days |
| Bank Transfer | $25 | n/a | 1-3 business days |
888sport and its European roots have long been a part of the Canadian online sports betting scene, giving players access to its sports, casino, and poker platforms all from a single account.
The online gaming versatility of the brand has been what Canadian bettors have respected about 888sport for years, and with hundreds of leagues across 25+ different sports markets, the betting acumen is also evident.
| Deposit Type | 888sport Minimum Deposit | 888sport Maximum Deposit | 888sport Deposit Time |
| Interac e-Transfer | $10 | n/a | Immediate |
| Visa/Mastercard | $10 | n/a | Immediate |
| ApplePay | $10 | n/a | Immediate |
| MuchBetter | $10 | n/a | Immediate |
| Paysafecard | $10 | n/a | Immediate |
| Withdrawal Type | 888sport Minimum Withdrawal | 888sport Maximum Withdrawal | 888sport Withdrawal Time |
| Interac e-Transfer | $20 | n/a | 1-3 days |
| Visa | $20 | n/a | Up to five business days |
| ApplePay | $20 | n/a | Up to five business days |
| MuchBetter | $20 | n/a | 1-3 days |
| Wire Transfer | $20 | n/a | 5-8 days |
BetVictor has quickly become a popular betting platform for Canadian NFL fans, as live streams of professional football games are available to BetVictor bettors with at least one minimum bet on current NFL action. NFL betting remains the king in North America, including in Canada.
The platform doesn’t shy away from supporting local Canadian flavour either, as BetVictor has a partnership with the CEBL, offering some of the best odds in the market on those basketball games.
With 24/7 friendly support always at the ready through a live chat feature, and mobile players raving about how great the BetVictor app is for years, it’s a platform that meets many needs of many types of bettors in Canada.
| Deposit Type | BetVictor Minimum Deposit | BetVictor Maximum Deposit | BetVictor Deposit Time |
| Interac e-Transfer | $10 | $10,000 | Immediate |
| iDebit | $10 | $6,000 | Immediate |
| INSTADEBIT | $20 | $10,000 | Immediate |
| Visa/Mastercard | $10 | $30,000 | Immediate |
| MuchBetter | $10 | $6,000 | Immediate |
| Withdrawal Type | BetVictor Minimum Withdrawal | BetVictor Maximum Withdrawal | BetVictor Withdrawal Time |
| Interac e-Transfer | $10 | n/a | 0-48 hours |
| iDebit | $10 | n/a | 0-48 hours |
| INSTADEBIT | $10 | n/a | 0-48 hours |
| Bank Transfer | $10 | n/a | 2-5 business days |
Canadian bettors living outside the province of Ontario will have a few other payment methods available to them at select operators. They don’t necessarily have the same provincial laws that Ontario enforces for its legal online gambling industry.
For example, Ontario made it illegal for cryptocurrency payments to be accepted on any platform legally operating in the province. Other provinces don’t abide by those same rules, and players elsewhere in Canada will find sites where crypto can be used.
Other popular payment methods, such as Skrill and Neteller, fall under a similar umbrella.
Absorbing all that payment information is not an easy task, and we have no problem forgiving you if you have gotten to this point in the review and still have questions.
It’s why we’ve put together this list of FAQ’s regarding payment methods in Ontario specifically, and Canada as a whole.
The online payment method that’s best for a player is always somewhat of an individual choice, but in terms of mass availability across multiple operators, it’s hard to argue against Interac e-Transfers. Accepted throughout betting platforms across the country, they have quick turnaround times with immediate deposits and withdrawals in under a day.
There’s no need to “connect” your Interac account to an online sportsbook; simply follow the Interac e-Transfer instructions after initiating a deposit or withdrawal. The entire process runs smoothly and efficiently already. Complete the transfer as instructed, and your funds will arrive at the designated location shortly.
Yes, there are sportsbooks in Canada that accept crypto payment methods, but they are only available to players outside of the province of Ontario. The province chose to make accepting crypto payments illegal for any operator. This means that the same brand may have an Ontario-based platform with no crypto payments and a “rest of Canada” platform that accepts select cryptocurrency payment methods.
Nearly all deposit methods at sportsbooks in Canada are processed and deposited almost immediately, barring a rare snag or two. There are occasional instances when e-transfers are delayed or credit card deposits experience issues. But without any unlikely outside interference, bettors in Canada can expect to have their newly deposited funds instantly.
Bettors in Canada who aren’t based in Ontario and are currently located elsewhere should have no problem logging into and withdrawing money from their sportsbook account. However, when Ontario established its online gaming laws and regulations, one of the requirements was that players would have to be physically located in Ontario at the time of accessing the site. This means that Ontario-based players can’t log into or withdraw from their betting account unless they are physically located in Ontario at the time.
