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Attention Canadians – Depositing Funds is Easier Then You Think

April 28, 2015

Recently the Ottawa Business Journal came out with a little story that turns out to be very helpful when it comes to advising Canadians about how to open up an online casino account. Of course, there are a lot of options for Canadians to use, and the certainly include those online gaming operations that are sanctioned and licensed by the various provincial governments. They also include those operations that are NOT, and which operate offshore, often making available some more attractive options.

Certainly the most convenient and quickest way to get that account open is by using a major credit card. Depending on the casino's policies, they might be able to accept Visa, MasterCard or American Express from you. Each of these transactions will go through relatively quickly, and you could be playing within minutes. We're not lying. However, there is a bit of a glitch, in that some consumers might be a little conscious about giving over sensitive financial details to an online casino. Certainly a credit card number would be one of those details.

So people certainly will be searching for other options. And one of those involves the electronic wallet. This is something of a "conduit" between yourself and the online casino, allowing you to use a credit card, but with a third-party source. You can open up an account with an electronic wallets in various ways, although the credit card is the most common way. Then you turn around and you make the deposit into the online casino through the e-wallet. So those sensitive details are not shared.

These days if you are trying to play in an online casino from the United States, the credit card route is open to you, but using electronic wallets does not work. Neither does the Electronic Funds Transfer, which is made directly from your bank account. This is something Canadians have the option of doing, and it is quick and easy.

This was not covered by the article, but Bitcoin is going to be another source through which online gaming transactions are going to be made. In some ways they bring about the best of both worlds, in that they are extremely fast, while at the same time doing a great job of preserving the customers anonymity and privacy. In fact, if need be, names don't even have to be exchanged when a transaction using Bitcoin is made.

One of the things the Business Journal article touched on is a word of warning to consumers about using any online casino that offers PayPal as a deposit option. This is because PayPal is not a gaming-friendly platform for transactions, and that casinos that advertise that they use it could become vulnerable to an eventual confiscation of funds, since they would most likely be breaking the law.

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