According to Ellon Musk, who is currently the richest man in the world, “Time is the ultimate currency.” Time is important in every sector, including the gambling industry, where betting odds are always changing.
This means you’ll want to quickly take advantage of opportunities and win. Missing out on good odds and losing cash because of slow payments can be frustrating for anyone.
Fortunately, Instant payments can help prevent these. So, what are instant payments, and how can they save you big bucks? In this article we will answer these questions in this guide along with:
● The benefits of instant payments
● What payments are instant?
● How to get started with top instant payment options
So, let’s begin by discussing what instant payments mean.
What are Instant Payments?
To begin, here is a statement from the CEO of Ripple that puts things into perspective. “Payments should move as fast as information does today. Anything less is a barrier to innovation.”
To put it simply, instant payments are transactions that are processed instantly in real-time or within seconds. This means that when you make deposits and withdrawals on gambling sites, they appear instantly.
In essence, you can spot good odds, quickly deposit cash, and wager on them without delay. These payment methods are unlike traditional ones, which may take days to process – making them a great choice for bettors.
What Payments are Instant?
If you do a quick search online, you’ll see many people ask: What payments are instant? Put simply, you have many options for instant payments in Canada.
Here are some of the top picks:
1. Interac e-Transfer
Interac e-transfer is a form of payment in Canada that lets you transfer funds electronically through your Interac account. Its speed and privacy have made it a popular payment method among bettors in Canada. Like similar alternatives, you can use Interac e-transfer without having to share your personal information.
2. Instadebit
Instadebit is a Canadian payment solution that allows you to make fast and secure payments on gambling sites. You don’t need to reveal your banking information, which makes it a great option if you want to keep your gambling activities private.
To use this method, you’ll need to sign up on the site and have a Canadian bank account. This option is also widely accepted, with many Canadian gambling sites supporting it.
If you are considering using this payment method, check out our guide for the best casinos for Instadebit transactions.
3. PayPal
This is perhaps one of the most popular options for making payments on gambling sites. In fact, Statista states that eight out of 10 Canadian respondents said they’ve used PayPal for online payments.
It is widely accepted and performs excellently in terms of speed, security and convenience. Simply link your bank card to your PayPal wallet/email, and you will be good to go. Transactions with PayPal are not difficult, and you make transactions with your email address, thus keeping your information safe.
If you prefer alternatives that work just like PayPal, check out the following:
● Neteller
● Skrill
4. Paysafecards
This is a prepaid card that you can access with a 16-digit PIN. Unlike the other options discussed so far, it does not require any registration or information. All you need to do is purchase a card that’s equivalent to your budget and enter it into the casino. Your payment will reflect instantly, allowing you to play your favourite games.
A survey shows that 40% of bettors end up spending more than they should. Paysafecard helps to curb this by helping you maintain a budget and ensure you don’t overspend. In the world of gambling, where many players overspend, this is a massive plus.
5. iDebit
iDebit, or instant bank transfer, is another well-known payment option designed for Canadian online casino players. Using this option, you can make payments quickly right from your online bank account.
The operator does not share your information with the online casino, which enhances your safety. Note that you’ll have to be 18+ years of age and have a valid Canadian bank account to use this payment option.
What Are the Benefits of Instant Payments?
“Real-time payments are no longer a luxury; they’re a necessity in the modern economy.” This is according to Kristalina Georgieva, the managing director of the International Monetary Fund.
The statement above couldn’t be more valid, especially when gambling, as we already mentioned. However, you still get many more benefits with instant payments, including:
Speed and Convenience
Rasmus Sojmark, CEO of SBC Gaming, once said, “Speed in payments creates loyalty; gamblers stick with platforms they can trust for instant withdrawals.”
Speed is perhaps the main benefit you enjoy with Instant payments. You can deposit funds instantly and start betting without delays. It also applies to withdrawals, as you can instantly claim your payout.
This ensures you don’t have to wait for hours/days to access your winnings due to long processing times. Moreover, instant payment methods are easy to use. In most cases, you can set it up within minutes, even if you’ve never used it before.
Better Security
Most instant payment methods feature high-level encryption and fraud protection features. This means you can use them without worrying about your information falling into the wrong hands.
What’s more, specific instant payment methods don’t require you to share your bank information with the sports betting site. It reduces the danger of your details falling into the wrong hands while allowing you to keep your gambling activities private.
Lower Fees
Top instant payment methods like eWallets come with lower fees than traditional banking options. You get to keep more of your winnings, meaning you save more cash than you typically would.
Wide Availability
Many banking methods that allow real-time payment processing are widely accepted. You’ll be able to wager on your favourite sports and games from any location without problems.
Bet Smarter with Instant Payments
So, what are the advantages of instant payments? They are fast, secure, and widely available. Moreover, you don’t need to enter your details into the online gambling site, allowing you to remain private.
Instant payments are the key to getting the most out of your deposits and saving big bucks. Pick any of the options we’ve covered in this guide and experience the benefits of speedy payments today!
Disclaimer:
CBD:
Qrius does not provide medical advice.
The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis products in India. CBD oil, manufactured under a license issued by the Drugs and Cosmetics Act, 1940, can be legally used in India for medicinal purposes only with a prescription, subject to specific conditions. Kindly refer to the legalities here.
The information on this website is for informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or another qualified health provider with any questions regarding a medical condition or treatment. Never disregard professional medical advice or delay seeking it because of something you have read on this website.
Gambling:
As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman, and Sikkim, prohibit gambling. Land-based casinos are legalized in Goa and Daman under the Goa, Daman and Diu Public Gambling Act 1976. In Sikkim, land-based casinos, online gambling, and e-gaming (games of chance) are legalized under the Sikkim Online Gaming (Regulation) Rules 2009. Only some Indian states have legalized online/regular lotteries, subject to state laws. Refer to the legalities here. Horse racing and betting on horse racing, including online betting, is permitted only in licensed premises in select states. Refer to the 1996 Supreme Court judgment for more information.
This article does not endorse or express the views of Qrius and/or its staff.
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