Prepaid or Debit Card Casino Canada 2017

Learn how to deposit at a prepaid or debit card casino in Canada 2017, and the relative pros and cons associated with these payment methods.

I’ve been enjoying online casinos and the wide range of gaming opportunities they provide for more than 10 years now. One thing I’ve noticed is that the number of available payment methods has increased tremendously. While that seems like a positive, more choices isn’t always better.

I touched on the subject of over-abundant options yesterday in an article concerning reliable and reputable casino banking options. The fact is, the fewer choices we have, the easier it is to make a decision. More options only lead to mental confusion and self doubt.

For online casino gamblers, the trouble is you have a lot more choices than just prepaid or debits card casino deposits. And realistically, all of those other options have more pitfalls to consider.

Drawbacks of Other Deposit Options

A credit card is perfectly safe and secure, but it breaks the golden rule of gambling. A responsible gambler should never spend more than he/she has. Credit cards allow players to spend now, and pay later. Tsk, tsk!

Online payment processors, or e-wallets, are lauded for giving players the ability to deposit and withdrawal without divulging their financial info to the online casino. But in reality, you’re divulging that info to the online payment processor. Is that really any better? Plus you’re paying an extra fee on all cashouts. Hmm…

Bank transfers are quick and easy, if you aren’t paranoid about handing out your most sensitive bank account details. They are quite secure, don’t get me wrong. But as 19^th century author Philip K. Dick once said, it’s “strange how paranoia can link up with reality sometimes”.

Cash transfers (Western Union, MoneyGram) are another perfectly safe option. However, they can be quite a hassle, and they don’t come cheap either.

Prepaid or Debit Card Casino Deposits

If we were to narrow your choices down to a prepaid or debit card casino deposit, you would have no trouble picking between the two. You only have to ask yourself this:

Do you want to use the card that’s already in your wallet or purse and make that deposit instantly? Or would you rather head over to the nearest retailer and purchase a prepaid card?

One is faster, and perfectly secure thanks to the cutting-edge security measures and data encryption technology enforced by online casinos and Canadian banks. The other takes a bit more time and a few extra dollars, but alleviates any paranoia of entering sensitive debit card details over the world wide web.

Debit Card Casino Deposits – Pros & Cons

On the positive side, debit card casino deposits are super fast and incredibly secure. The moment you submit the deposit (assuming the required funds are available in your bank account), it’s complete. Those funds can be used instantly to play all the casino games you desire.

The security of debit card casino deposits is ensured by sophisticate data encryption technology. It’s the exact same technology used by government banks. So if you do any type of online banking, you’re already taking the same, albeit minuscule, risk.

On the negative side, you are inputting your name, debit card number, expiration date and CVC security code over the internet. That’s the same info anyone else could use to charge purchases to your debit card. If the casino’s servers, or your own computer/mobile device has been hacked, this could pose a security risk. There’s that paranoia factor again!

Secondly, you may not even have the option of utilizing a debit card casino deposit. It all depends on what bank issued your debit card, and the logo it carries. Visa is the most widely accepted. MasterCard is still available on some casino sites. Amex and Discover have all but disappeared.

Even if you have a Visa debit card, if it was issued by a bank that has base operations in the United States, your deposit may be met with rejection. This is because US laws have forced many banks to stop accepting payments in relation to online gambling.

Even though you’re residing and banking in Canada, this could impact your ability to make debit card casino deposits.

Prepaid Card Casino Deposits – Pros & Cons

The best part about depositing with a prepaid card is that you are not divulging any permanent financial information. You are only inputting the card information of a payment method that will no longer exist once you’re done.

So long as you purchase prepaid cards in the exact amount you intend to deposit, you can cut it up and toss it in the trash once the deposit is made. If the information is stolen, you get the last laugh.

The only negatives here are that you’ll have to do a bit of traveling to purchase the card, and it will cost a few extra dollars to do it. Prepaid cards generally cost no more than $5, on top of the pre-loaded cash amount.

How to Make Prepaid or Debit Card Casino Deposits

This is the really simple part, and both cards work the same way. Log into your online casino of choice and go to the banking section. Choose the appropriate method, either prepaid or debit card casino deposit. Enter the details from the card as instructed and submit.

The funds are instantly credited to your account. Enjoy!