After confirming that your preferred online sportsbook is backed by a legitimate licence from iGaming Ontario, it is time to check out the available Ontario betting payment methods.
Although often overlooked, the eligible deposit and withdrawal methods can quickly determine the kind of transactional experience you can expect online. Understanding a little more about fees, limits, and processing times will stand you in good stead when it comes to utilising our comparisons and finding yourself a top online sportsbook in Ontario.
When it comes to selecting an online sports betting platform, Ontario betting payment methods may not be the first thing that comes to mind. However, when you consider your chosen payment provider holds the power over the speed and safety of your transactions, the tide soon begins to change.
Fortunately, you’ll find a great selection of reputable payment methods available at the best Ontario sports betting platform in 2024. Many will present you with the chance to deposit with zero fees attached, plus you’ll often be able to make use of the same method to complete your withdrawals. In turn, you can cut down the time taken to process your payments and get a hold of your winnings swiftly.
Depending on your chosen payment method, you’ll also find that you have the potential to benefit from traceable transactions, the option of keeping your financial details offline, and the prospect of funding your account and placing bets within an instant.
Although the range of Ontario betting payment methods will vary from operator to operator, you’ll find that popular choices, such as Interac, PayPal, and Visa, are accepted at most.
Understandably, Visa is considered one of the most popular Ontario betting payments available in 2024. Having established itself away from the legal Canadian betting scene for decades, it should come as no real surprise.
Depending on your chosen online sportsbook, you’ll find that the deposit and withdrawal process is a breeze. After working your way through basic verification checks, you can head on over to the cashier section of the site and select Visa from the drop-down menu.
From here, you can begin entering your card details, followed by your deposit value. After clicking submit, instant deposits will take place free of charge. As your Visa deposit is linked directly to your account, you’ll be able to trace each transaction. Plus, when it comes to withdrawals, you’ll have your details ready and waiting to go.
Interac is a top choice for many Canadian bettors and is utilised to make many everyday purchases, too. The best Interac betting sites in Ontario will often provide you with the chance to deposit and withdraw using Interac e-transfer or Interac Debit.
Interac e-transfers work similarly to a regular bank transfer. You’ll need to log in to your financial institution's banking service, enter the deposit value, and send directly to your chosen sports betting account. All details should be readily available, ensuring that the whole process takes under 30 minutes. For a slightly quicker approach, you can make use of Interac debit. As with Visa and other traditional card payments, you’ll be expected to enter your physical or online Interac debit details and submit. You’ll find that all transactions are traceable; however, you’ll want to double-check the small print to find out whether you will incur additional fees.
Considered as one of the safest and most credible payment systems around, a rise in the available PayPal betting sites in Ontario was inevitable. Currently, you’ll find a selection of top operators that have offered users the chance to benefit from both deposits and withdrawals using PayPal.
Before you can fund your online sports betting account, you’ll be required to set up your PayPal account. The process is fairly straightforward, requiring a bank account and/or elected card to be linked. Once connected, you’ll be free to fund your PayPal account or use it as a payment gateway. From here, you can head to your preferred online sportsbook and make your first PayPal deposit.
Deposits are prompt; however, fees may be incurred depending on how you choose to use/fund PayPal. Plus, It isn’t always possible to withdraw using the popular payment system. So, we suggest checking out our dedicated online comparisons to confirm.
Whether looking to build parlays or enjoy single-game betting in Ontario, BetMGM has you covered. Alongside a legitimate licence from iGaming Ontario, you’ll find a range of credible methods, including PayPal, Visa, and Interac. Deposits can be completed for as little as $10, allowing you to head straight to the sportsbook and begin working through streams of markets.
Odds are competitive, live streams are available, and you’ll find that in-play betting options are available, too. However, there is no doubt that the selection of pre-match markets is the real standout here. On elite-level fixtures, we have seen over 200 additional markets available.
DraftKings is another top online sportsbook with a great selection of Ontario betting payment methods. Currently, you can deposit using Visa, Mastercard, Interac, and alternative payment systems for as little as $5. Should you opt to deposit using PayPal, you’ll find that withdrawals can begin from just $1, too.
Away from deposits and withdrawals, you’ll find an extremely busy sports betting platform that is packed with potential. All major and minor leagues are covered, offering over 200 additional markets on high-calibre fixtures. Competitive odds come as standard, and you’ll find that live betting experience is just as impressive as that found before kick-off.
| Operator | Minimum Deposit and withdrawal | Available payment methods | Processing Times |
|---|---|---|---|
| BetMGM | Deposit: $10Withdrawal: $20 | Visa, Interac, PayPal, Apple Pay, and Mastercard | Deposits will be completed instantly.
Withdrawals will take 24-48 hours to be processed |
| DraftKings | Deposit: $5 Deposit: $1 |
Visa, Mastercard, Interac, PayPal, Skrill, Neteller, and bank transfer | Deposits can be completed instantly. Processing times vary but withdrawals will take up to 5 days |
Before we leave you to make use of our online comparisons and find a site that provides you with the right Ontario betting payment methods for you, let us talk you through the process of making a successful deposit.
So, although it may not be the first thing on your checklist, the available Ontario betting payment methods should certainly be something you consider before joining a new online sportsbook.
To help you on your way, we’ve taken the time to review the very best online operators offering a range of payment options, including the ever-popular Visa, Interac, and PayPal. Alongside using our dedicated reviews, be cautious to check out whether fees are incurred at any stage of the transactional process, consider whether withdrawals are accepted, and take time to find out if any limits are attached.
Depending on your chosen payment method, you may find that fees are associated with certain deposits or withdrawals. Additionally, you may find that your sportsbook elects to add charges for using certain payment methods. You can find out more in our dedicated online sports betting reviews.
Most online sportsbooks in Ontario will actively encourage you to choose the same deposit and withdrawal method. If this is unavailable, you may be expected to pass further security checks before processing can begin.
The expected withdrawal time will vary from operator to operator and depend on the elected Ontario betting payment method. Often, processing will take up to 48 hours, followed by a turnaround of between one and ten days. ?
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