After the domination of credit cards in the 1990s, at the turn of the millennia, the Canadian gambling market embraced a whole new method: e-wallets. The forward-looking brands back then, just as the best-available casino contenders today, flocked to add as many digital wallets as possible to attract customers looking for a cheap and time-effective alternative to more traditional payment methods. As it turns out, they weren’t wrong, as e-wallets remain the most popular casino payment method to date.
Have it Both: Speed and Convenience
Cards and bank wire are widespread and incredibly safe, yet they lack one crucial element e-wallets have — speed. While a credit card withdrawal may take up to 7 business days (or 9 calendar days if, by any chance, the player asks for the withdrawal just before the weekend), e-wallet cashouts can be done in under three business days. Some brands go so far as to offer withdrawal processing on the very same day, meaning the money will get to players within 24 hours.
Another thing gamblers appreciate in digital wallets is convenience. Once the account is set up and the funding method has been added, there is not much to do. A single tap is enough to load some cash to the casino account, typically with no extra fees and charges as long as the gambling fan is using their local currency (in this case, CAD). With mobile and desktop platforms, an e-wallet enables gamers at any Canadian casino of players' choice to manage their deposits and withdrawals without a care in the world.
Safety First
It would be easy to assume that a method that processes money as fast as e-wallets do cannot be safe. Fortunately, that is just a misconception, as a typical e-wallet tends to be safer than many other methods. When using a digital wallet of any kind, there is no information exchange between the customer and the casino. The e-wallet is the bridge that transfers money without even providing a credit card or bank account number.
On top of that, e-wallets utilize encryption technology to grant safe money and data transfers and even ask for additional steps during the login. For instance, that can be entering a special code sent via SMS or notifications, answering a question about payments in the past and similar.
What E-wallets Do Canadians Love?
The popular e-wallet comes in many shapes and sizes. What they offer varies from brand to brand. While some are focused exclusively on payments, others also offer physical cards, crypto exchanges and similar perks.
Players from Canada love their digital wallets, and the most popular brands are Apple Pay and Google Pay, with PayPal coming close third. Classics like Payz and Skrill also hold up but are constantly being threatened by Samsung Pay and Amazon Pay.
Obviously, the trend is shifting towards digital wallets that aren’t focused solemnly on payments but that are just a small part of one’s online persona. And best of all, Canadian gamblers can’t get enough of it.
The gambling industry has witnessed a remarkable transformation in recent years, particularly in how companies market their products and services.
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