Online casinos are the trend nowadays. People can win millions of dollars without visiting the actual casino. You may already know there are various ways to pay for online betting sites in Canada, like bank cards (debit, credit, or prepaid), e-wallets, and bank transfers. There are various parameters by which you can categorize a gambling website, and payment options are one.
This article will tell you about the best prepaid card casino in Canada.
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What is a prepaid card?
A prepaid card means a card that comes with real money loaded on it. You can understand prepaid cards as a gift card. Prepaid cards are a great way to minimize spending and increase overall savings.
But before opting a prepaid card, you need to deposit money into the account whose credit card you are taking. If the money in the debit card runs out, you can deposit money into your bank account. This is a good way to limit your spending on online casinos.
In Canada, the prepaid casino card is similar to a typical debit or credit card in terms of appearance. But the difference is that a prepaid casino card does not have your name mentioned on the front.
Advantages & disadvantages of prepaid cards for online casino deposits
Choosing prepaid as a deposit method in online casinos in Canada has its advantages and disadvantages, just like any other method. So before opting for this method, you should know its pros and cons.
|The details of your credit card and bank account to your prepaid card. That way, your bank details are not shared. This way ensures your security.||Most prepaid cards cannot be used as a method to collect withdrawals. So for withdrawal, another method is required.|
|Because your prepaid card is registered online, your card can be easily replaced in case it gets damaged or lost.||Some prepaid cards have higher transaction fees than other methods of payment.|
|Prepaid cards can help you manage your savings as you can only pay with the funds that you have deposited for a card.||You will not receive any interest on keeping the money in the account as it is not linked to your bank account.|
Types of prepaid cards
You will be surprised if we tell you there are many types of prepaid cards that online casinos accept as a funding option in Canada. You can choose the one which is more advantageous to you in your online casino dealings.
However, before choosing a prepaid card, there are some factors you should consider. The fee that banks charge for prepaid cards differs, so choose the most suitable one. While all prepaid cards can be your fund account, not every prepaid card supports withdrawal. Another factor you need to consider is that you can only spend the amount deposited in your account. You may need another prepaid card to engage in high-stakes casinos.
Here are the types of prepaid card options that you can choose in Canada:
Prepaid Gift Cards
With a prepaid gift card, you receive a regular gift card with a certain amount fixed in it. You can give this card to a friend or a family member of your choice, and then they can use that card at any online casino. This is a good way that someone can play online casinos without you going through additional steps to transfer the money. In addition, prepaid Gift Cards can be transferred pretty quickly, and you don’t provide banking details.
Reloadable Prepaid Cards
As we have learned, you can only spend the amount in the bank account on prepaid cards. But in the reloadable prepaid cards, you can top up your prepaid cards when the money in your bank account is spent.
You may wonder if they are similar to a debit card. But in reloadable prepaid cards, linking your bank account is not required. You don’t need to pay service provider charges when reloading. A reloadable prepaid card grants you the freedom to refill your account in case you require it. But you don’t need to buy another card to continue your winning streak.
Disposable Prepaid Cards
As the name suggests, this is the opposite of the reloadable prepaid card. Here, you can take a disposable prepaid card with a particular amount of money. But once they run out of the set amount of money, you cannot use them again. This is a wonderful way to limit the amount of money you spend on online casinos. But if you are an avid gamer, this might not be the best option, as if you run out of funds in the middle of the game, you won’t be able to purchase a new one quickly.
Virtual Prepaid cards
This is another type of prepaid card that you can use for online casino deposits in Canada. You will get all the features that a prepaid card has. You can purchase them online and can use them without linking your bank account. These provide a fast funding option for your online casino needs.
To take this card, you need to go to the card issuer’s website of your choice. Enter the amount you want on the prepaid card. There are various payment options that you can use. Once you have paid the amount, your virtual prepaid card will be ready to fuel your quest for winnings.
Best prepaid cards you can take in Canada
There are many prepaid cards available in Canada. Below are some of the best prepaid cards you can take in Canada.
- MasterCard: This is one of the most popular prepaid cards you can take in Canada. Here, no credit check is needed.
- Canada Post Prepaid Reloadable Visa: This one provides free card-to-card transfer. They also provide prepaid credit cards without a credit check. They also protect users against unauthorized usage.
- BMO prepaid MasterCard: This is another great option you can take for online casino deposits in Canada. Here, you also are protected against unauthorized usage.
- KOHO Premium Reloadable Mastercard: KOHO offers premium as well as standard cards. You will also earn interest on every dollar you save in your Bank account.
- CIBC Smart Prepaid Visa: CIBC Smart card provides an easy online reloading option. This card also charges you any fee for topping up or activation.
Best Prepaid card casino in Canada
Now that you know the features and advantages of a prepaid card, let’s look at the best prepaid card casino in Canada.
This casino was established in 1998. It is one of the top casinos in Canada. It offers you a welcome bonus of C$1600. Because Microgaming is the software provided in Jackpotcity, they can pay out the jackpot instantly rather than in installments. They are home to more than 500 online casino games. They provide bonus wheels and daily deals for all the players. Their payout speed ranges from 1 to 3 days.
Spin casino was launched in 2001. It is a well-known online casino in Canada that offers a welcome bonus of C$1000. It has powered by Microgaming and NetEnt too. You will find many old as well as new games on this platform. Their payout speed ranges from 1 to 2 days.
Lucky Days Casino
Lucky Days casino was established in 2019. While being relatively new, it still has a good user base. They provide a welcome bonus of C$1500 plus 100 free spins. It provides a safe environment for players along with some of the famous tables, slots and live games.
Ruby Fortune Casino
Ruby Fortune Casino was established in 2003. It is one of the top-rated casinos that both new and seasoned players can enjoy. They offer a welcome bonus of C$750. In addition, they offer more than 500 games with 24/7 customer service.
So, this was our guide on the best prepaid card casino in Canada. There are both pros and cons to this method of payment. You need to determine which payment method suits you and your betting needs the best.
*There is always risk involved in online betting. Please play responsibly and at your own risk.
1. What prepaid cards can I use in Canada?
Here are some of the prepaid cards you can use in Canada
- KOHO Prepaid Visa
- Vanilla Prepaid Mastercard
- BMO prepaid Mastercard
- Canada Post Cash Passport Prepaid Mastercard
- CIBC Smart Prepaid Visa
2. Can you play online casinos with prepaid cards?
Yes, you can play online casinos with prepaid cards
3. Does prepaid card in Canada expire?
Your prepaid card has an expiration date.
4. Can I use a prepaid Visa in an online casino?
Yes, you can use a prepaid Visa in an online casino. Prepaid visas are a great way to limit the money you spend on online casinos.
5. What are reloadable prepaid cards?
Reloadable prepaid cards are a type of prepaid card which you can top up after the limit is exceeded.