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 2023.
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 Sports
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Bet365 Highlights
- Bet on all the biggest CA sporting events
- Live betting & streaming options
- 24/7 customer support available
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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 Sports
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BetMGM Highlights
- Huge range of betting markets
- Competitive odds
- Awesome mobile app
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
BetRivers.com Sports
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BetRivers.com Highlights
- Vast range on betting markets
- Big focus on NBA and NFL events
- Competitive odds
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.
BetRivers.com Sports
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BetRivers.com Highlights
- Vast range on betting markets
- Big focus on NBA and NFL events
- Competitive odds
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 Sports
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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
1.
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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.
