Sportsbook Deposit Methods For Canadians


Canadians are fortunate when it comes to available sportsbook deposit methods.  There are plenty of great options to choose from. But which is the best for you?  Which online betting sites accept the deposit method you’d like to use?

To help you get started we’ve compiled the matrix below followed by a deposit method review for each option currently available to sports bettors in Canada.

Tip: Always open up your new sports betting account in Canadian dollars if available. That will ensure you get access to the most deposit method options. For example, if you open a Sports Interaction account in US funds you won’t be able to use online banking to make a deposit.

 

InstaDebit

InstaDebit is an intermediary which allows you to deposit funds to your sports betting account from a Canadian bank. In under an hour, you can set up your account and be credited a temporary weekly limit with which to fund your account. Fees are low and moving money between your sportsbook and bank accounts couldn’t be easier.

Account Setup: Under 1 hour
Availability of Funds: Instant

InstaDebit Review »

iDebit

iDebit is one of the best sportsbook deposit methods for Canadians in our opinion. Login to your online banking safely and securely and fund your sports betting account incredibly fast. View the full list of online sportsbooks that accept iDebit in our review.

Account Setup: < 5 Minutes (Signup is optional) Availability of Funds: Instant

iDebit Review »

Bitcoin

Bitcoin is a digital currency that is created and held electronically. It’s best described as cash for the Internet, a way to send and receive money online without using a middleman like a bank. It will take you a couple of days to set up your bitcoin wallet at first, but then you’ll be able to send bitcoin quickly and conveniently. Fees are low and you will enjoy the ability to send and receive money to and from your sportsbook with complete anonymity.

Account Setup: Several days
Availability of Funds: Instant

Bitcoin Review »

Paysafecard

Paysafecard is the best deposit method if you’d rather not use a credit card or bank account to fund your sports betting account. Deposit anonymously in minutes by purchasing a Paysafecard voucher at your local Esso or Canada Post outlet.

Account Setup: None Required
Availability of Funds: Instant

Paysafecard Review »

Entropay

Entropay is a virtual Visa card you can use to fund your sports betting account quickly and easily using your own credit card. See all the sportsbooks that accept Entropay in our detailed review.

Account Setup: < 5 minutes Availability of Funds: Instant

Entropay Review »

Online Banking

There are 4 popular ways in Canada to use online banking to fund a sportsbook account without using a service like iDebit or InstaDebit. Get all the details in our review, including which sportsbooks accept these online banking deposit methods.

Account Setup: Not Required
Availability of Funds: Varies By Method

Online Banking Review »

Credit Card

Credit cards can be a quick and easy way to deposit at an online sportsbook. Visa tends to work a little better than Mastercard, but be aware that not all issuing banks allow deposits to online sportsbooks. Read more in our detailed review, which covers some alternatives should your credit card not work as a deposit method.

Account Setup: None Required
Availability of Funds: Instant (in most cases)

Credit Card Review »

    Note: It's always a good idea to read the sportsbook's website carefully so there are no surprises when it comes to depositing or withdrawing your money. And never send cash in the mail, it's a really bad idea.