Best Banking Technology for Online Casinos in Canada

  1. Encryption System
  2. Credit Cards
  3. Debit Cards
  4. Bank Transfers
  5. Prepaid Cards
  6. E-Wallets
  7. Tracking your financial interactions
  8. New Technologies and the Future of Online Casinos in Canada
  9. Online Banking Tips

In this industry, the safety of your funds should be the MOST important thing to consider before signing up on any casino.  We are veteran gamers with unrivalled knowledge of the gaming world. For you to fully enjoy gaming, you will need to work with the best banking technology for online casinos in Canada.

We are also fully aware of the fact that most players in Canada are always on the lookout for casinos that will guarantee their funds’ safety. The majority of players don’t really know where to look and in this article, we have done the work for you.

Below are some of the tips and tricks that you can put into consideration before funding a casino account in Canada with real cash:

Encryption System

 Any good and reputable casino will go the extra mile to ensure their customers’ funds are well secured. From our experience, a lot of reputable online casinos in Canada use the 128-bit Secure Socket Layer (SSL) encryption system.

The 128-bit SSL encryption system is a strong industry standard that is very effective in creating an encrypted link between the web browser and the server.

In simple terms, this system allows you to safely deposit any amount of cash without exposing your private data to third parties.

Credit Cards

 Credit cards are still one of the most popular methods among punters in Canada and the world at large. Remember; when using a credit card, a casino always favours such a deposit by allowing a higher deposit limit.

Also, this payment method is very fast when it comes to the processing of the funds. Of course, Visa and MasterCard seem to rule the world as the most common but there are many online casinos that accept American Express and Discover.

Credit cards are also a safe method of payment because most banks offer fraud insurance or a refund in case of unusual occurrences.

Debit Cards

Debit cards are fast rising as the second most preferred payment option in online casinos in Canada. A lot of online Casinos in Canada accept Electron (Visa) and Maestro (MasterCard).

Just like their counterparts (Credit Cards), Debit cards are also quick in payment processing and they are incredibly safe to use. Some banks allow you to use a debit card within 24 hours of signing up.

Bank Transfers

 Bank transfers are not a new entry into the gaming industry. These forms of payment have gradually improved in terms of service and security. 

Most online Canadian gamers prefer to deposit using popular brands like eCheck, Instant Banking by Citadel, iDebit, and Trustly.

Bitcoin and wire transfers are also suitable modes of funding a betting account in Canada. To make a wire transfer, it is important to confirm the processing time with the casino because it can take a few days to a few weeks for the payment to reflect in your account. Additionally, wire transfers usually bear a higher transfer fee than any other payment method.

For the eCheck, it is also an extremely safe method of payment. eChecks also have a shorter processing time. Bitcoins are safe to use but considering the volatile nature of cryptocurrencies, it can be a little troublesome for online gamers.

Prepaid Cards

 Prepaid cards are the other common payment method in online casinos in Canada. Since their inception, prepaid cards are rapidly gaining popularity in the casino industry due to their quick and safe use.

All that you are required to do is to load your prepaid card with the amount you want to use from either your credit or debit card. There are a number of popular prepaid card brands like EntroPay and Paysafecard (owned by Skrill).

There are many benefits of using a prepaid card to fund your casino account. One such benefit is that you can only use the amount in the card without going overboard.

The other benefit is the safety that comes with these cards. Additionally, it is also a preferred method of payment by players who do not like any casino activity on their banking activity.  There are some banks that look down on Casino activities and a prepaid card comes in handy.

Although there is no cost associated with the use of a prepaid card, it is always important to read the fine print for any hidden costs.

E-Wallets

 E-wallets are other common payment methods in online Casinos in Canada. Initially, most punters were a little sceptical about the e-wallets but in the recent past, there has been an upsurge in their use.

Skrill leads the pack as one of the commonest e-wallet platforms in Canada. Many other online casinos accept PayPal, Neteller, and ecoPayz.

Before using an e-wallet, it is good to do your homework by checking trusted and reliable sources to see the options available for you.

E-wallets are preferred because of the extra layer of security that they offer. Also, the processing of funds is instant and you can withdraw your winnings in a span of minutes.

Just like the prepaid cards, with e-wallets, you have greater control of the amount you can stake. Furthermore, your data and financial information are not revealed to any third party.

Tracking your financial interactions

 It is very normal for every punter to feel a little concerned about the safety of their casino of choice.  A good online casino should be able to provide you with at least two ways to track your interactions. The two common ones are:

Cash Check – this allows you to log into your account and view your financial history/ transactions. To do this, simply click on the icon “CashCheck” within the provided casino software. This will give you all the details in a bank-like summary of every financial undertaking whether it’s a purchase or payout.

Play Check – This is where you check and review all your gaming activities. Play Check is also a bank-like statement that is detailed with every wager that you have placed on the casino.

New Technologies and the Future of Online Casinos in Canada

We have seen a lot of new technology going into online casino soft wares. While the current technology is great for facilitating present-day gaming, emerging technologies will have a bigger impact and influence on how gamers play in the coming years.  Casino options will also have to change to accommodate the ever-dynamic nature of this industry.

One of the most likely trends that we are going to see in future online casinos is the facial recognition technology. With the continued advancement in technology, the facial recognition software will come with a lot of sophistication and it will be able to scan and capture your facial features.

With such an image, a casino will be able to create an avatar that will enable a player to take part in some on-screen gaming action. Renowned developers are already in advanced stages with this technology.  They are using Intel’s RealSense 3D camera on games that can be able to adapt to a player’s facial appearance/expression.

Another new addition that will be enabled by emerging technology is gesture recognition. With such a feature, a gamer will be able to control a game by using the hand only.

These new technologies will open doors to more advanced virtual roulette wheels that players will be able to spin via hand gestures. With the new trends, poker players will be able to indicate bets by using the gesture only while slot lovers will get an opportunity to go down memory lane with the ‘one-armed bandits’ game of yesteryears.

 Human voice recognition has been around for a while now. The latest computing devices can easily recognise voices or better, they can understand voice commands. This is a good indication that we will witness voice-controlled gaming.

Virtual reality (VR) is a maturing gaming technology and it has already been embraced by a substantial number of developers. Powered by the necessary computing soft wares that are already available, there are developers who have already released VR games with a good example being the virtual reality poker that is already available in most online casinos.

5G mobile internet was recently launched (2019) and it looks like a technology that will really shake the online casino industry.  Once it reaches its peak, the 5G will have the potential to offer online latency (time delays) at a super speed of one millisecond.

Online Banking Tips

Online casinos strive to offer players the safest gaming experience. As a consumer, it is also important to apply extra caution especially as far as online financial activity is concerned. Here are a few tips that you can apply to reduce the chances of your personal data falling into the wrong hands:

  • Home/private Wi-Fi is more secure than public Wi-Fi hotspots.
  • Ensure your anti-virus software is up to date.
  • Go for online casinos that bear the ‘https’ web address. This is an indication that the website makes use of data encryption.
  • Use hack-proof passwords and change them regularly.
  • Request alerts for any account transactions (these can be sent via text or e-mail). This way, you will always be notified if there is any activity on your account.