Credit Card Betting Sites in Canada

creditcard iconIf you’re interested in sports betting in Canada, you may not be sure what the best way is to deposit cash to your preferred sportsbook and start gambling on the outcome of games and matches.

Did you know that most major sportsbooks in Canada accept credit cards? In this guide, we’ll be taking a look at our recommendation for the best credit card betting site in Canada, and we’ll also give you an overview of the pros and cons of using credit cards for sports gambling. Let’s get started.


Credit Card Betting Sites in Canada 2022

Expert Rating
Highlights
 
Welcome Offer
  • Large range of betting options
  • Casino games and Live Casino
  • free deposits and withdrawals
94 Payout Ratio
  • Large range of betting options
  • Casino games and Live Casino
  • free deposits and withdrawals
Betonic Review
19+. Gambling can be addictive, please play responsibly: General Betonic Terms and Conditions apply unless otherwise stated.
  • Innovatives Design
  • Very good App for iOS and Android
  • Nice Welcome Offer
94 Payout Ratio
  • Innovatives Design
  • Very good App for iOS and Android
  • Nice Welcome Offer
Neo.bet Review
19+. Gambling can be addictive, please play responsibly: Only for New Customers. The bonus offer is available in the following countries: Canada; General Net.bet Terms and Conditions apply unless otherwise stated.
  • Wide range of betting options with good odds
  • Live center with individual design options, like Multi-View
  • No App for download but strong mobile Version
94 Payout Ratio
  • Wide range of betting options with good odds
  • Live center with individual design options, like Multi-View
  • No App for download but strong mobile Version
Selectbet Review
19+. Gambling can be addictive, please play responsibly: General Selectbet Terms and Conditions apply unless otherwise stated.
94/100 Read Review
$100
On first deposit
Visit Sports Interaction
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security
93 Payout Ratio
$100 On first deposit
Visit Sports Interaction
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security
Sports Interaction Review
  • Streamlined and simple user interface
  • Excellent new user bonuses & daily bonuses
  • Huge variety of sports & betting markets
93 Payout Ratio
  • Streamlined and simple user interface
  • Excellent new user bonuses & daily bonuses
  • Huge variety of sports & betting markets
Spin Sports Review
19+. Gambling can be addictive, please play responsibly: 1st Deposit - Free Bet up to C$ 200 • New customers only • Min deposit C$ 10 • Wagering at odds of 1.3+ to unlock free bet • Opt-in required • Terms apply
90/100 Read Review
$300
On first deposit
Visit 22bet
  • Enormous number of betting markets
  • Live & in-play betting with early cashouts
  • “One-click bet” system for fast, easy betting
93 Payout Ratio
$300 On first deposit
Visit 22bet
  • Enormous number of betting markets
  • Live & in-play betting with early cashouts
  • “One-click bet” system for fast, easy betting
22bet Review
  • Receive a 100% Bonus after your qualifying bets with a total stake of five times your initial qualifying deposit
  • odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7
94 Payout Ratio
  • Receive a 100% Bonus after your qualifying bets with a total stake of five times your initial qualifying deposit
  • odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7
20bet Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble. General 20bet Terms and Conditions apply unless otherwise stated.
89/100 Read Review
$1000
On first deposit
Visit Betonline.ag
  • One of the best sports betting websites for bitcoin users
  • Large selection of betting markets, sports, and events
93 Payout Ratio
$1000 On first deposit
Visit Betonline.ag
  • One of the best sports betting websites for bitcoin users
  • Large selection of betting markets, sports, and events
Betonline.ag Review
  • One of the best platforms for mobile betting
  • Unique promotions for new gamblers
  • Diverse markets with lots of special bets
93 Payout Ratio
  • One of the best platforms for mobile betting
  • Unique promotions for new gamblers
  • Diverse markets with lots of special bets
888sport Review
19+. Gambling can be addictive, please play responsibly: New Customers only • $10 min deposit • The bonus will be applied once the full deposit amount has been wagered at least once with cumulative odds of 1.5 or greater • Wagering must be cleared within 60 days • This offer may not be combined with any other offer • Casino Bonus valid for selected games only • Bonus wins capped at $500, exc. JP wins • To withdraw bonus & related wins, wager 30 x (bonus amount) • Wagering requirements vary by game
86/100 Read Review
$200
50% On first deposit
Visit Everygame
  • Excellent sign-up bonuses for new users
  • Great reputation, has operated since 1996
  • Sportsbook has overnight lines by 10 PM ET
93 Payout Ratio
$200 50% On first deposit
Visit Everygame
  • Excellent sign-up bonuses for new users
  • Great reputation, has operated since 1996
  • Sportsbook has overnight lines by 10 PM ET
Everygame Review
85/100 Read Review
$300
On first deposit
Visit LeoVegas
  • Great promotions & bonuses
  • Has won 15 more industry awards in the past decade
  • Simple, streamlined online & mobile interface
93 Payout Ratio
$300 On first deposit
Visit LeoVegas
  • Great promotions & bonuses
  • Has won 15 more industry awards in the past decade
  • Simple, streamlined online & mobile interface
LeoVegas Review
  • Easy website navigation
  • Comprehensive list of deposit methods
  • Exciting live betting features
93 Payout Ratio
  • Easy website navigation
  • Comprehensive list of deposit methods
  • Exciting live betting features
Mr. Play Review
19+. Gambling can be addictive, please play responsibly: Applies only to new depositing players. Min deposit C$10. Max. Bonus $200. Offer is valid for 1st deposit only. The Welcome Bonus must be used with 14 days or it expires. Bonus subject to 9x wagering with min. odds of 2.0 per single bet or 1.40 per combo bet selection.

 

The Best Betting Site In Canada For Credit Card Betting Is Betway

If you’re looking to place bets on sports in Canada using a credit card, Betway is the best option for you. At Betway, you can place bets with all major credit cards including Visa and Mastercard, and quickly deposit cash into your account.

Betway is a highly-reputable online sportsbook that provides more than 12,000 betting markets across dozens of major sports leagues including the NHL, NFL, MLB, NBA, MLS, English Premier League, and much more. It also allows betting on tennis, eSports, horse races, and much more. It’s fully licensed and regulated by the Malta Gaming Authority and eCOGRA.

Not only that, but Betway has high sign-up bonuses for new gamblers, and has excellent customer service, so you can always get the help you need if you have an issue. If you want to find the best credit card betting site in Canada, look no further than Betway.

Betway Betway Review 98/100
  • More than 12,000 betting markets available
  • Wide variety of casino games
  • Audited & licensed by eCOGRA


Credit Cards in betting

Credit cards are a very convenient, reliable, and simple way to deposit cash directly when betting on sports online. Because of this, almost every major sports betting website supports credit card betting. Read on to learn more about the basics of using credit cards while betting online in Canada.


Advantages of using credit cards in betting

Wondering why credit cards are such a popular way to bet on sports online? Here are a few advantages of using credit cards in betting.

  • You already probably have a credit card – What’s more convenient than pulling out your wallet? If you already have a credit card, you can deposit cash into your online betting account in just a few seconds.
  • Instant deposit processing – Your deposit will be available in your account immediately, so you can start placing bets right away.
  • Fraud protection – Credit cards have robust fraud protection regulations in Canada. In the rare event that your information is stolen, you will be compensated by the card issuer for lost funds.

How to deposit and withdraw with credit cards in betting

How to deposit with credit cards

You can deposit cash with a credit card in the same way you’d make any other purchase. Just sign into your sports betting account, head to the cashier/payments section of your account, and choose to pay with a credit card. Then, choose how much you’d like to deposit, enter your card details, and confirm the transaction. You’ll be able to start placing bets immediately.

How to withdraw with credit cards

In most cases, you can’t withdraw deposits with credit cards. You’ll have to use an alternative method of withdrawals like PayPal, Interac e-Transfer, a check, or any other withdrawal method supported by your preferred sports betting site.


How secure is it to use credit cards in betting?

As long as you stick to well-known, reputable gambling sites, credit cards are a secure way to place bets. In addition, if fraud does occur, your card provider will typically be responsible for compensating you for the cost of the breach.

However, credit cards are inherently secure, and if you share your credit card information with a disreputable sportsbook or an online gambling website with poor security, it’s possible for your credit card details to be stolen.


What are credit cards?

Credit cards have been used for decades worldwide. Here are a few facts about this payment method.

  • The first modern “revolving credit” system was established by Bank of America in 1958, and was known as the “BankAmericard.”
  • Almost every merchant in Canada accepts credit cards for both online and in-person purchases
  • 8 billion credit cards are in use worldwide
  • 89% of Canadian adults have at least one credit card
  • In Canada alone, there are around 5,700 credit card transactions each minute

How do credit cards work?

Wondering how credit cards work when you pay for deposits at online casinos and sportsbooks? The basic process is the same as using a credit card for any other transaction.

First, you’ll head to your preferred online sportsbook and navigate to the payments/cashier section of your account, and you’ll choose a credit card as your preferred deposit method. Then, you’ll enter your card information including the credit card number, expiration date, CVV, and any other required information.

Once you submit your request, your account will be debited immediately, and your funds will be deposited. Note that some cards treat deposits on gambling websites like cash advances, which have additional fees.


Credit cards in Canada

Credit cards in Canada have been used for decades, and there are a lot of different types of credit cards available on the market today. However, it is important to note that there are some rules around which credit cards can be used for Canadian sportsbook deposits.

Some Canadian banks like TD Royal Bank, RBC, and Scotiabank do not allow credit cards to be used for sportsbook deposits, so you may find that your transaction is blocked. In addition, multinational banks based in the United States, like Chase Bank, cannot allow online gambling deposits due to the U.S. Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006.

However, other banks in Canada do allow sports betting. These include CIBC, Bank of Montreal (BMO), Desjardins, and VanCity. If you have a credit card or apply for a credit card with one of these banks, you will likely be able to use it to place sports bets.


How to open an account for a credit card

If you already have a credit card, you don’t have to take any other steps to get set up and begin depositing funds on sports betting websites in Canada.

But if you don’t yet have a credit card, you’ll need to apply for one. In most cases, this consists of a few simple steps:

1. Find the right credit card for you

There are hundreds of different credit cards available with different perks, interest rates, and bonuses in Canada, so we recommend taking the time to look over your available options before applying.

2. Fill out an application

You’ll need to fill out an application and provide your personal information, as well as information about your income, rent or mortgage, and other such details. Once you apply, the lender will run a credit check to determine if you’re qualified for a card.

3. Get approved and get your card

Once you’re approved for a credit card, you’ll be sent the card in the mail in a few days or weeks, depending on your card issuer. In some cases, you may be able to use your credit card number to start making online purchases immediately.


Fees for credit cards

Fees for using credit cards to deposit cash into a gambling account can vary quite a bit depending on your payment provider. In some cases, you won’t have to pay any fees at all.

But most of the time, credit cards that allow deposits on gambling websites will not treat them as purchases, but as cash advances. This means that you may face a percentage-based fee for the deposit – and you will start paying interest on the amount you deposited right away, with no grace period.

Before you use a credit card to place a bet on any gambling website, you should make sure to contact your bank or card issuer, and make sure that you understand the fees and costs that may be associated with doing so.


Alternatives to credit cards

Not sure that using a credit card is the best option for you when placing sports bets in Canada? Here are a few alternatives that may be a better choice, in some cases.

interac icon
Interac e-Transfer – If you have a Canadian bank account, the easiest way to fund your sportsbook account is with an Interac e-Transfers. The process is fast and supported by every major bank in Canada, and usually has very low fees or no fees at all.

skrill icon

Skrill – You can deposit money into a Skrill account using your existing credit card, then use Skrill to send money to a sportsbook account, or to make withdrawals. Skrill is supported by more than 2,000 gambling websites.


paypal icon

PayPalPayPal is widely accepted on many Canadian gambling sites, and it lets you fund your account with a credit or debit card, or with an ACH transfer, providing you with more flexibility. It can also handle withdrawals, unlike most credit cards.


FAQs about credit card betting

Got questions about how credit card betting works for online gambling websites? Get the answers you need below.

Is it safe to use credit cards for sports betting?

As long as you use a reputable gambling website, it’s safe to use a credit card to add funds to your account. Make sure you do your homework and only place bets with well-known, reputable sportsbooks.

Which deposit/withdrawal methods can I use when using credit cards?

Credit cards usually process deposits as cash advances. You cannot usually withdraw money with a credit card.

 

Do I have to verify anything when using credit cards?

As long as you enter all of your credit card information accurately, you won’t have to worry about any further verification processes.

Will there be any fees added when I use credit cards?

Depending on your card issuer, you may have to pay a percentage of your deposit amount as a cash advance fee – and interest may begin accumulating on your deposit amount immediately.

What do I do if my payment is declined?

Contact your card provider for support. It’s possible that they flagged you for suspicious activity, or that they do not allow their credit cards to be used on gambling websites.

How long will it take before my deposit is received by the betting site?

Credit card deposits are usually instant, so you can start betting right away.

How long will it take before my withdrawal is received from the betting site?

Credit card withdrawals are only supported by a few gambling sites. Usually, you will need to use an alternative method like an ACH transfer, check, or Interac e-Transfer to get your winnings.


 

Tips for using credit cards in betting

It’s always a good idea to use your money wisely, and think about the following things while you place bets with your credit card:

  • Take your time when selecting the best payment provider for you – If you’re worried about exposing your personal information, for example, it may be a good idea to deposit funds to a third-party service like Skrill using your credit card. Then, you can use Skrill to send money securely to the sportsbook.
  • Be aware of any fees which may occur – Credit card deposits at sportsbooks often have high fees and interest, since they are treated as cash advances. Make sure you’re aware of these costs and plan accordingly.
  • Make sure that your favorite betting site accepts credit cards – Thankfully, just about every sports betting website accepts credit cards, so this should not be a problem.
  • Know the transaction limits of your credit card – Your credit card has a maximum spending limit, and also likely has a cash advance transaction limit. Make sure you consult with your card issuer and know the transaction limits for your card before depositing cash for sports betting.

Credit Cards Are A Convenient But Pricey Way To Gamble Online

If you value convenience over everything else, credit cards are a good way to deposit money at online sportsbooks. You can quickly deposit cash using the same payment method you use for most other purchases – so the convenience is unparalleled.

However, compared to some other methods of depositing cash, like debit cards and Interac e-Transfers, credit cards have very high fees and costs when used for depositing cash at sportsbooks.

Additionally, using a credit card directly on a gambling website is not as safe as using a third-party service like PayPal or Skrill. If the website turns out to be fraudulent, your credit card information could be stolen – this is not possible with a third-party payment method.

For these reasons, we don’t really recommend using credit cards as your primary method for placing sports bets. They’re a decent option in a pinch, but their convenience doesn’t make up for these major drawbacks.