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California Business Journal
CAD Canadian Dollar

Is it possible to bring CAD currency (Canadian dollars) into play with online casinos?

by Lisbeth Mora, California Business Journal
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The betting industry in Canada is holding steadily at its height. Each month, local gambling brands expand their influence on the market and come up with fresh ideas to perfect the provided service.

This is certainly welcome, as Canadians may avail themselves of high-grade servicing that keeps up with the needs of the native audience.

Up-to-date gambling platforms hand over more generous promotional programs and, without let or hindrance, accept national currency – CAD. It is a pretty efficient feature, as all transactions are carried out more rapidly and are free of charge. Read our unbiased overview of casinos accepting Canadian dollar at https://casinoscanada.best/cad/ and determine whether it is a good idea to join one of the recently released hooked-up casinos.

Main benefits of wagering with Canadian dollars in web-based casinos

Current payment methods allow for conducting financial operations seamlessly. So no matter where you stand and where you keep the money, you’ll be able to top up your account in a matter of seconds.

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Sounds perfect, yet there is a bothersome stumbling block – a transaction fee that will be charged each time you convert your local banknotes to EUR or USD. However, the billed sum usually isn’t that special – on average, gambling websites levy only around 5% of the overall amount of the replenishment.

However, this aspect can have an accumulative effect, and after some time, you may notice that you have lost quite a hefty sum. Not talking about high rollers that deposit incredible amounts of money, and their charged fee can be higher than the average Canadian salary.

So, what can you do in this situation? The solution is pretty apparent – play with your national currency, so you can avoid converting it to euro or dollars.

It will be the best decision in the long run if you’re from Canada. Actually, except for the absence of transaction charges, local casinos have other benefits that can gently conquer your heart:

An exceptional focus on customers. You can be sure that your rights are utterly protected, as Canadian websites are regulated by authoritative institutions and satisfy the established qualitative criteria. If you face any issues, you can count on the local legal defense and wait for a further refund if your uprightness is proved.

Quick processing speed. Online casinos work together with upscale financial service providers and guarantee swift and secure cash-in.

Great range of CAD bonuses. Canadian bookies are gracious enough – giving preference to local gambling houses, you will be loaded with presents. Supplied bonuses may include deposit money, free spins, cashback, discounts, and other miscellaneous goodies.

Do you feel encouraged enough to join a CAD casino? Go for it, but please be informed that you must survive into adulthood, so you will be able to wager for real money.

What payment methods are widely accepted for CAD monetary operations?

If you’re planning to top up your account with CAD currency, you should be aware of the typical payment services that have an unblemished reputation and piles of positive feedback.

Further ahead, we will shed a ray of light on the most commonly used payment arrangements and their dominant advantages:

Interac. An equivalent for Visa & Mastercard in Canada that has been around since 1984, cherished for thoroughly encrypted transactions. All payments are proceeded with a small C$1.5 fee. Contrary to other financial institutions, Interac solicits a fixed charge – regardless of your total sum, you shall pay C$1.5.

Visa & MasterCard. Probably, the most widespread depositing method that is being accepted practically in every online casino. It is a time-honored service for financial dealings, with a squeaky-clean reputation and simple user interface.

InstaDebit. An e-wallet, slightly similar to PayPal, allowing you to conduct rapid and sound transactions without third parties involved. This service is suitable for both deposits and withdrawals, not setting any limits on the financial operations.

PaySafeCard. A prepaid card that is simply perfect for gamblers that have troubles with controlling their betting desire. Aiming at making a deposit, you need to buy the card on the official website – there are several money amounts to choose from ($10, $20, or $50 CAD). Conducting a transaction, you can’t overspend, since your sum is strictly limited in accordance with chosen cash amount.

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Lisbeth Mora, California Business Journal

Lisbeth Mora, California Business Journal

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