Best Prepaid Cards Casinos Canada

What is a Prepaid Credit Card?

A prepaid card is like a regular debit card, but rather than using money already in your bank account, you can pre-load it with a certain amount of cash. This can be done via an electronic transfer (for example, via your banking app) or in person at a bank or retail outlet. 

Prepaid cards offer a safe and convenient way to pay for things in stores and online, and many people use them to top up their online casino accounts. Using a prepaid card is a great way to control your deposits. You can use a specific amount of money and limit yourself to spending that money on online gambling. 

Prepaid Visa cards or Mastercards are the most common types of cards, and both are generally accepted at some of the best online casinos in Canada. When you use prepaid cards, you won’t need to give the casino your usual bank card details, as the prepaid card is entirely separate from your bank account. 

One of the critical features of a prepaid card is that it’s not linked to your bank account, so you’ll retain anonymity when you deposit. Despite not being connected to your personal bank account, prepaid cards are safe, as they still come with all the anti-fraud and encryption technology used for ordinary Visa and Mastercard credit and debit cards. 

Types of Prepaid Cards

There are two main types of cards: reloadable prepaid cards and disposable prepaid cards. The critical difference is precisely what it sounds like—one can be topped up repeatedly, while the other can only be used once.

Nowadays, many disposable cards are virtual rather than physical. Many service providers, including AstroPay, Neosurf, and Vanilla, offer prepaid cards, but these are some of the bigger ones:

Visa Prepaid Cards

Visa prepaid cards are popular, and many Canadian online casinos accept them. They can be reloadable or disposable, and they have many of the same security features (like encryption and anti-fraud technology) as you would expect with regular Visa debit or credit cards.

Mastercard prepaid cards

Although slightly less widespread than their Visa counterparts, a good variety of online casinos still accept prepaid Mastercards. They function similarly to Visa cards and can be reloadable or disposable, depending on your preferences. Mastercard offers a whole range of prepaid cards to suit your needs.

Paysafecard

A Paysafecard works like a voucher – you can top it up online or at a participating retailer and use a unique pin to make your deposit. In our experience, we found that Paysafecard is accepted at most Canadian online casinos. However, like other prepaid cards, you can’t use it to withdraw online gambling winnings.

Claiming Free Spins & Deposit Bonuses with Prepaid Cards

Canadian gamblers can often claim special welcome bonus offers to help kick off on the best possible note. You’re in for a real treat, from free spins to deposit bonuses. 

Remember that some online casinos require you to deposit via specific methods only if you want to claim the welcome bonus. People can have multiple prepaid cards, so for that reason, some casinos exclude them from offers to prevent bonus abuse. 

Once you’ve reviewed the terms and conditions and ensured that prepaid cards are accepted for bonuses, you can look forward to these offers:

Free Spins

When you deposit with a prepaid card, you might get a special offer of free spins. The free spins are usually limited to certain games only and will be credited to your casino account when you make a qualifying minimum deposit. Like all other casino bonuses, free spins usually have terms and conditions, such as wagering requirements and time limits. 

Deposit Match Bonus

Many gambling sites offer a deposit match for brand-new players, and sometimes, you could even get a deposit match plus free spins when you top up your account for the first time.

We always recommend claiming deposit match bonuses, as they’re versatile offers that can be used across the online gambling site on games of your choice. 

Cashback

A cashback offer gives you back a certain percentage of your losses (for example, 10% or 15%) during the promo period.  Depending on the site, this can be credited as real cash or casino bonus money. Not many online casinos offer cashback, but if you can find one that does, we recommend claiming it—these offers can help turn a loss into a win.

Are Prepaid Cards Safe & Secure?

You’ll already know that using debit and credit cards at online casinos is safe, but are prepaid cards safe? You might be surprised that they can be even more secure than standard cards. 

One simple reason is that you don’t need to link prepaid cards with your bank account. And because you can control the amount you load to your prepaid Visa or Mastercard (or any other prepaid card), your bank balance won’t be in jeopardy if your card is compromised. 

Prepaid cards do come with a few risk factors, though. For example, you won’t have any protection if you lose the card and someone else gains access to the funds, and if you fall victim to fraud, it could be tough to get your money back.  Canadian online casinos that accept prepaid cards also have security measures in place, such as encryption technology, to transmit your money securely.

It’s a good idea to look for licensing from reputable bodies like the Malta Gaming Authority, which will assure you that the casino site is legit. 

You might also want to set certain restrictions on your gambling account to ensure that you always gamble responsibly. For example, you can apply deposit limits or loss limits to help control your spending. 

Alternatives to Prepaid Card

Not all Canadian casinos accept prepaid cards, so you might need to use a different deposit and withdrawal option. 

While many casinos accept bank transfers, cryptocurrency, and many of our options, we prefer debit and credit cards and e-wallets. Here are the best alternatives to consider:

Credit and Debit Cards

Most online casinos in Canada accept Visa and Mastercard debit and credit cards, even if they don’t accept prepaid cards. 

While bank cards are easy to use and very secure, the downside is that you must provide the online casino with your bank details, so it’s nowhere near as anonymous as using a prepaid card. You can also withdraw using debit and credit cards, which you can’t do with prepaid options. 

E-wallets

Most online gambling sites in Canada accept certain e-wallets, such as Skill, Neteller, and PayPal. E-wallets are a popular payment method because you don’t need to link your bank account, just like prepaid cards. 

We tend to favour e-wallets because they also support quick withdrawals. You’ll receive your money as soon as the casino site approves the transaction.