Best Gambling Sites Ontario / Best Sports Betting Sites Ontario 2024 / Ontario Betting Payment Methods: What is the Best Way to Make Sportsbook Deposits?

Ontario Betting Payment Methods: What is the Best Way to Make Sportsbook Deposits?

Last Updated on 05/12/2024
Fact checked by: Josh Miller

Our guide is here to show you best available Ontario betting payment methods. Perfect for anyone who no longer wants to have to fund their sports bets directly from their bank account.

You can now make deposits using popular Canadian payment accounts, including Interac and iDebit, and big names like Trustly and PayPal. As well as taking an in-depth look at the best betting payment methods, we’ll also introduce you to the top Ontario sportsbooks that support these deposit options.

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Compare payment options at our best betting sites in Ontario

PayPal
DraftKings
1.
Favicon
4.6/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
VIP Preferred
Play+
Discover
Bank Transfer
+4
DraftKings Review Bet now
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NEO.bet
2.
Favicon
4.6/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Instant Transfer
Paysafecard
Skrill
Neteller
+10
NEO.bet Review Bet now
+19 T&C’s Apply, Please play responsibly
Betway
3.
Favicon
4.5/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Neteller
Paysafecard
Instant Transfer
+27
Betway Review Bet now
+19 T&C’s Apply, Please play responsibly
Bet365
4.
Favicon
4.5/5
Find out more on Bet365.
Bet365 Review Bet now
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BetMGM
5.
Favicon
4.5/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Bank Transfer
VIP Preferred
PayNearMe
Play+
+8
BetMGM Review Bet now
+19 T&C’s Apply, Please play responsibly
PointsBet
6.
Favicon
4.5/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Visa
Mastercard
ACH
PayNearMe
+4
PointsBet Review Bet now
+19 T&C’s Apply, Please play responsibly
BetRivers.com
7.
Favicon
4.5/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Bank Transfer
VIP Preferred
Play+
PayNearMe
+5
BetRivers.com Review Bet now
+19 T&C’s Apply, Please play responsibly
Bwin
8.
Favicon
4.4/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Neteller
Paysafecard
Instant Transfer
+20
Bwin Review Bet now
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888
9.
Favicon
4.4/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Neteller
Entropay
Bank Transfer
+26
888 Review Bet now
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PartyCasino
10.
Favicon
4.4/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Neteller
Bank Transfer
Entropay
+16
PartyCasino Review Bet now
+19 T&C’s Apply, Please play responsibly
LeoVegas
11.
Favicon
4.4/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Paysafecard
Neteller
Trustly
+11
LeoVegas Review Bet now
+19 T&C’s Apply, Please play responsibly
Betano
12.
Favicon
4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Paysafecard
Skrill
Bank Transfer
Astropay
+11
Betano Review Bet now
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Caesars
13.
Favicon
4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Bank Transfer
E-Check
VIP Preferred
PayNearMe
+6
Caesars Review Bet now
+19 T&C’s Apply, Please play responsibly
Tonybet
14.
Favicon
4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Neteller
Giropay
Paysafecard
+23
Tonybet Review Bet now
+19 T&C’s Apply, Please play responsibly
FanDuel
15.
Favicon
4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Bank Transfer
Cheque
Prepaid Card
Applepay
+7
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on.PokerStars.ca
16.
Favicon
4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Bank Transfer
Applepay
Instadebit
E-Check
+4
on.PokerStars.ca Review Bet now
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Betvictor
17.
Favicon
4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Skrill
Neteller
Instant Transfer
Giropay
+7
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Conquestador
18.
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4.3/5
PayPal
PayPal
PayPal accepted
Additional Payment Methods
Payz
MuchBetter
Interac
Instadebit
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The best Ontario betting payment methods – At a glance

To start us off, here is a short list of the most popular payment methods that are currently supported at most ONT betting sites:

  • Credit/debit cards (Visa and Mastercard)
  • Instant bank transfer
  • Apple Play
  • Interact
  • Instadebit
  • iDebit
  • Paysafecard
  • Trustly

A closer look at the ONT sportsbook deposit methods

Whether you want to make a deposit the classic way using your bank account directly, or you prefer modern e-wallets and other alternative solutions, the best betting sites in Ontario have got you covered in 2024.

Below, you can take a closer look at the various types of payment methods listed above:

Traditional deposit methods – Visa, Mastercard and bank transfers

All Ontario betting sites will allow you to deposit funds in your account using your Visa and Mastercard credit/debit cards, meanwhile, some operators will accept other brands, including AmEx and Discover. Alternatively, you can cut the card out and transfer the funds from your bank account to your online sportsbook account directly with an instant transfer.

While funding your online betting account in this way is quick and convenient, there are a few disadvantages. For instance, you are completely transparent meaning that credit lenders and your bank can see what you are spending your money on.

The best alternative banking deposit methods for Canadian betting sites – Interac, Instadebit and iDebit

If you want to make bank transfers instantly whilst maintaining an extra degree of online privacy and security, there are some great solutions available specifically to Ontarian and Canadian players.

Currently, you will find that most ONT betting sites currently accept one or all of the following Canada-specific bank-based online payment alternative solutions:

  • Interac
  • Instadebit
  • iDebit

Additionally, many online sportsbooks in Ontario also accept global bank-based payment operators, such as Trustly.

E-wallets and other alternative Ontario betting payment methods

If you want to go for the classic e-wallet alternative to traditional online banking, you will still find that many Ontario gambling sites accept PayPal. While this is great for instant deposits and quick withdrawals, PayPal does charge you a small fee to receive money. You can take a look at the best betting sites that accept PayPal in Canada today right here at TheGruelingTruth.

Unlike some global betting sites, most Ontario-regulated operators don’t accept Neteller or Skrill. However, you can pay quickly and easily from your phone using Apple Pay.

Paysafecard and other prepaid cards

For security, privacy and fast withdrawals, Paysafecard is perhaps the best option. The only downside is that for general spending, you will have to then move the money from your Paysafecard to your bank. However, many brands now also accept Paysafecard payments, particularly sales outlets.

Sportsbooks with the best selection of Ontario betting payment methods

Now that we’ve covered the best payment methods for online betting in Ontario, it’s time to take a look at the best online sportsbooks where you can use them:

Bet365 – The best overall Ontario betting site

The world’s biggest global betting brand officially got an iGaming Ontario licence in 2022 and remains the most popular and widely used sportsbook in the province to this day. Here you can enjoy the largest selection of sports betting markets in Ontario combined with competitive odds and top-level customer service.

When it comes to payments, Bet365 is one of the best Interac betting sites around. However, you can also deposit using credit/debit cards, Apple Pay, PayPal, Paysafecard and more. Effectively, pretty much all of the payment methods mentioned in this article are available at Bet365.

Bet365 Ontario payment info

Transactions are processed instantly and free of charge at Bet365 Ontario with the following payment methods:

Payment MethodsMin. DepositMax. DepositVisa/Mastercard$10$50,000iDebit (IBT)$10$5,000Interac$10$10,000Instadebit$10$20,000Apple Pay$10$10,000PayPal$40$12,500Paysafecard$10$400Click to Play$10$8,000

Bet365
4.5/5
Bet365 Sports
Bet now
Bet365 Highlights
  • Bet on all the biggest CA sporting events
  • Live betting & streaming options
  • 24/7 customer support available
+19 T&C’s Apply, Please play responsibly – Gambling can be addictive

BetMGM Ontario – Top all-round sportsbook

BetMGM is the online betting site brand from MGM, famous for their land-based casino resorts in North America and elsewhere. With a BetMGM Ontario account, you can access the online casino and poker room and the extensive sportsbook.

The selection of payment methods available at BetMGM is slightly smaller than that of Bet365. However, you can still instantly fund your account free of charge with a minimum deposit of $10 using one of the following payment options:

  • Visa
  • Mastercard
  • Interac
  • PayPal
  • Apple Pay
BetMGM
4.5/5
BetMGM Sports
+19 T&C’s Apply, Please play responsibly
Go to BetMGM
Bet now
BetMGM Highlights
  • Huge range of betting markets
  • Competitive odds
  • Awesome mobile app

BetRivers.com – the most user-friendly platform

BetRivers Ontario is another online betting site that has been brought to you by a known land-based casino resort giant. The most appealing thing about this site is the look and feel of the platform. As well as being colourful, it is also easy to use, as you can switch seamlessly between the sportsbook and online casino.

The selection of deposit methods available at BetRivers.com for Ontario players is similar to that of BetMGM. You can fund your account using one of these Ontario online betting payment methods with a minimum spend of $10:

  • Credit/debit cards
  • Trustly
  • PayPal
  • Interac
PointsBet
4.5/5
PointsBet Sports
+19 T&C’s Apply, Please play responsibly
Bet now
PointsBet Highlights
  • Generous betting odds
  • Live betting and streaming
  • Huge range of betting markets

Pointsbet – Ideal for hockey fans

Despite originally being an Australian brand, Pointsbet is the ideal Ontario sportsbook for in-play betting markets on North American pro sports leagues. On the ONT version of the site, the NHL naturally takes center stage, but the offer is also particularly interesting for the NBA, NFL, MLB and other leagues.

You are a little bit limited in terms of payment options compared to the other betting sites listed here. However, the payment process is quick, free and secure and most areas are covered:

  • Credit/debit cards
  • Interac
  • Trustly
  • PayPal

The lowest minimum deposit limit in Ontario

The standout element of Pointstbet is that it offers the lowest deposit and withdrawal limit in Ontario. If you use PayPal, you can fund your online betting account with as little as $5 here.

PointsBet
4.5/5
PointsBet Sports
+19 T&C’s Apply, Please play responsibly
Bet now
PointsBet Highlights
  • Generous betting odds
  • Live betting and streaming
  • Huge range of betting markets

Betway Ontario – Another global betting brand

Betway is one of the biggest gambling brands in the world, particularly in the UK, where it has sponsorship deals with EPL teams West Ham and Tottenham Hotspur. Ontario players get access to a number of products here, including the sportsbook, online casino and Betway Vegas.

The slight drawback here in terms of Ontario online payment methods is that PayPal isn’t supported. However, this is counterbalanced by the fact that Betway has some payment methods that no other ONT sportsbooks offer:

  • Credit/debit cards
  • Interac
  • Trustly
  • Neosurf
  • Payz
Betway
4.5/5
Betway Sports
+19 T&C’s Apply, Please play responsibly
Bet now
Betway Highlights
  • 30+ betting markets
  • Customizable features
  • Cash out option

Ontario betting payment methods – Conclusion

In conclusion, there is now a wide selection of payment methods that you can choose from to fund your Ontario online betting account. Online banking, Visa and Mastercards are the mainstays, meanwhile, most Canadian sportsbooks now accept Interac, Instadebit and/or iDebit.

If you are looking for more alternatives, then Apple Pay and PayPal remain popular payment methods. Meanwhile, you can still deposit using rarer payment methods on some sites – such as Neosurf at Betway.

You can now check out the full reviews of the best ONT sportsbooks here at TheGruelingTruth to find an operator that supports your payment method. More importantly, you can find one that suits your needs and tastes when it comes to online betting as well.

Top sports betting sites in Ontario

DraftKings
1.
Favicon
4.6/5
Bet now
+19 T&C’s Apply, Please play responsibly
NEO.bet
2.
Favicon
4.6/5
Bet now
+19 T&C’s Apply, Please play responsibly
Betway
3.
Favicon
4.5/5
Bet now
+19 T&C’s Apply, Please play responsibly
Bet365
4.
Favicon
4.5/5
Bet now
+19 T&C’s Apply, Please play responsibly – Gambling can be addictive
BetMGM
5.
Favicon
4.5/5
Bet now
+19 T&C’s Apply, Please play responsibly

Ontario betting payment methods FAQ

❓ What is the best payment method for Online betting in Ontario?

Visa and Mastercard are becoming a bit outdated, as there are more private and secure alternatives. For players in Ontario, we recommend considering Interac, Instadebit or iDebit for your online sportsbook deposit. However, if available, PayPal and Apple Pay are also good solutions.

💸 What payment methods can you use at Ontario sportsbooks?

Ontario sportsbooks now accept a variety of different payment solutions, not just your classic online banking solutions. Alternative bank transfer solutions are now popular, like Interac and Trustly, as are PayPal and other e-wallets. Additionally, there are some online sportsbooks, such as Bet365, that now accept prepaid cards..

📱 What betting apps in Ontario accept PayPal deposits?

You will actually find that most online betting sites in Ontario actually accept PayPal deposits and/or withdrawals, including Bet365, BetMGM and BetRivers.com. However, Pointsbet particularly stands out here, as you can make PayPal deposits and withdrawals with a minimum of just $5.

💳 How can you make online betting deposits in Ontario?

Depositing money into an online betting account in Ontario is a fairly straightforward process. Most betting sites now offer no-fee deposits with transactions that should be processed instantly. On top of that, you can also choose from a variety of payment methods, including Visa, Mastercard, Interac, PayPal, Trustly, Paysafecard and more.

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