Credit Card Casino Banking Method Review

Credit cards have long been the easiest way for you to fund your casino account and the most common method too. Although it's an easy method to fund your account, withdrawing your winnings cannot be done in Canada. In some countries in Europe, VISA/MasterCard will accept 'refunds' on the account, but in Canada they do not. As such, another method is required for cash-outs - typically a check that is mailed or a bank wire for larger amounts. Over the years though and with heavy regulation, credit cards have taken a hit and a lot of banks have been monitoring the transactions from online casinos and rejecting them which makes it harder to fund a gambling account and play online. This has made the use of e-wallets more popular but you can still use your Visa at many of the top establishments. A lot of gambling sites will place limits on the deposits you can make and this in itself is a good way to help promote responsible gaming.

Visa and MasterCard are the two big names when it comes to creditcards. If you don't mind using your Visa or MasterCard to fund your online gambling account, then you will find that it is one of the easiest payment methods available. Most casino software providers including Microgaming, RTG, Playtech and more accept the use of these cards to make deposits. Visa and MasterCard both continue to process payments for most online casino websites and you can use your Visa debit cards as well as prepaid cards and gift cards. Between the two options, Visa is probably the best option if you want to use credit card casinos.

Pros and Cons For This Payment Method

Every payment option available to casino players will have pros and cons which is why you need to review them carefully and choose the option that is right for you. The pros for choosing credit cards include:

• Instant, safe and secure deposit method
• Available to Canadian players
• An alternative e-wallet is not necessary
• You can use multiple currencies

However, there are some disadvantages to using this payment option and these include:

• Cannot withdraw funds (only deposit), so another method is required for cash-outs (check, wire, etc)
• Deposit limits may be set at some casinos
• Can be declined by some banks that don't allow gambling transactions

Credit Card Online Casinos

If you choose to play at a credit card casino you will find plenty of great Canadian online casinos accepting credit cards. Websites powered by Microgaming such as Quatro Casino and Riverbelle are a great choice and they allow Canadians to play in their own currency. All Jackpots Casino is another site that has plenty to offer including a great sign up bonus for new players. There are some really great sites to choose from, but don't expect a credit card casino bonus. The transaction feeds for this banking method are the highest of all alternatives, so it costs the operator more money to process credit card payments which is why most casinos offer extra deposit method bonuses for using another option. Not only that, but operators, but VISA/MC don't often support the operator when it comes to a customer dispute, so it leaves the operator prone to abuse.

For more information on the best Canadian online casinos be sure to check out our in depth reviews and bonus offers.