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.
To start us off, here is a short list of the most popular payment methods that are currently supported at most ONT betting sites:
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 2023.
Below, you can take a closer look at the various types of payment methods listed above:
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.
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:
Additionally, many online sportsbooks in Ontario also accept global bank-based payment operators, such as Trustly.
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.
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.
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:
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.
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
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:
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:
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:
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.
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:
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.
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.
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..
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.
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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Players must be 19 years of age or older to reach the minimum age for gambling in Ontario. Please play responsibly - Gambling can be addictive. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) www.igamingontario.ca ; or (b) www.connexontario.ca .
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