The Best Canadian Sports Betting Deposit Methods

The Canadians can be considered to be lucky when it comes to the available deposit methods for online sportsbook. There is a wide range of payment methods available, but there is always the problem which one is the best. One of the most important thing related to the online payment methods is whether the online sportsbook is accepting wagers and transactions in the Canadian dollar. Always choose the sites that do that and this way you could be saving lots of money on currency conversion fees and at the same time you will also know exactly how much you are wagering each and every moment.

Choosing the right deposit method should be based on different factors you need to consider. The number one thing is whether you have easy access to that payment method or not. At the same time you should also know if the transactions are done instantly, or you have to wait before the money is transferred to your online sports betting account.

Here we have compiled a list with some details regarding the most popular Canadian sportsbook deposit methods:

Credit Cards

The credit cards are by far the most popular deposit method for the online sports betting industry. Both Visa and MasterCard are accepted by almost all websites, and here we can include the offshore sites that are available for Canadians. The credit card is always a fast and reliable payment method and all you have to do is fill in a form with your credit card information and after that you can have your online sportsbook account credited with the amount you choose instantly. The credit and debit cards will always be a popular way to boost your bankroll and give your betting account more juice to place wagers before the puck drops on the ice rink. The credit cards are widely accepted and thanks to the high security levels you will most likely not going to encounter any problems.


This is the second most popular method that you will want to use to deposit money in case you don’t want to use your credit card. One of the main reasons why punters choose UKash is because it allows them to make anonymously deposits without having to worry about the problems that could be caused when using a credit card. The deposits happen instantly once you have an UKash voucher. These can be brought online or there is also the possibility to buy it all over the country at the Canada Post offices or Esso. The transactions with this payment method are always safe and secured and the only thing you need to guard is the number written on the voucher.


Instadebit is a really nice payment method that is basically an e-wallet service. This way you are given the opportunity to make a deposit with the help of your Canadian bank account and transfer the money to any of the sports betting websites that are accepting this payment method. It won’t take long to set up everything and the fees are very small. The main benefit to you is that everything is secured and it’s done via a third party that should allow you to avoid sharing your credit card information with the online gambling websites.


There are many online sportsbooks on the internet that accept Entropay as a payment method and this is available to all Canadian residents. The concept behind this deposit option is very simple as when you register for Entropay, you will be given a virtual Visa card and you can use that to make deposits. Things are kept very simple and in order to sign up and make a payment it will take you less than 5 minutes.

Bank Transfer

Sometimes you might get that the easiest way to deposit money at a Canadian online sports betting website is with the help of a bank wire. This type of payment method might not seem to be that great at first sight, as the fees will be large and at the same time it’s not going to happen everything instantly just like it happens with the credit cards and many of the other payment methods presented above, however in case you are planning to place large wagers and you want to transfer a bigger sum of money over to your online sports betting account, it’s always best to choose this method as it’s by far one of the safest and most reliable.