Are web wallet fees worth the expense for online gamblers?
Go to any online casino these days, and odds are the list of available payment methods (deposit and withdrawal) will be longer than a greedy child’s Christmas list! So many options—how do you pick just one, and know that it’s the right one?
Casinos that take web wallets
- 1
CasinolyEditor’s pickWeb wallets acceptedDepositInterac, Neosurf, cryptoMinC$30Wagering35x (40x on free spins)LicenceInternationally licensed operator300% up to C$4,500 + 300 free spinsWagering 35x (40x on free spins)Visit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- Crypto deposits
- Internationally licensed operator
- First deposit from C$30
- Welcome wagering 35x (40x on free spins)
- 2
PowBetWeb wallets acceptedDepositInterac, Neosurf, MuchBetterMinC$30Wagering35x (40x on free spins)LicenceInternationally licensed operator300% up to C$4,500 + 300 free spinsWagering 35x (40x on free spins)Visit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- Crypto deposits
- Internationally licensed operator
- First deposit from C$30
- Welcome wagering 35x (40x on free spins)
- 3
SpinsyWeb wallets acceptedDepositInterac, Neosurf, MuchBetterMinC$30Wagering35xLicenceInternationally licensed operator100% up to C$750 + 200 free spinsWagering 35xVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- Crypto deposits
- Internationally licensed operator
- First deposit from C$30
- Welcome wagering 35x
- 4
ZotabetWeb wallets acceptedDepositInterac, iDebit, NeosurfMinC$30Wagering40xLicenceInternationally licensed operator100% up to C$10,000 + 100 free spinsWagering 40xVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- iDebit / InstaDebit
- Crypto deposits
- Internationally licensed operator
- First deposit from C$30
- Welcome wagering 40x
- 5
NeospinWeb wallets acceptedDepositBank Transfer, Bitcoin, Bitcoin CashWagering40xLicenceInternationally licensed operatorTotal Welcome Pack 300% up to C$11,000 + 300 FSWagering 40xVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- iDebit / InstaDebit
- Crypto deposits
- Internationally licensed operator
- Welcome wagering 40x
- 6
CrownSlotsWeb wallets acceptedDepositInterac, Neosurf, MuchBetterMinC$30Wageringx40LicenceTobique licenceWelcome Pack 390% up to C$5,700 + 175 FSWagering x40Visit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- Crypto deposits
- Tobique licence
- First deposit from C$30
- Welcome wagering x40
- 7
GunsbetWeb wallets acceptedDepositAstroPay, AstroPay Card, AstroPay DirectLicenceTobique licenceWelcome package 335% up to C$2,520 + 300 FSVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- iDebit / InstaDebit
- Crypto deposits
- Tobique licence
- 8
EvospinWeb wallets acceptedDepositBank Transfer, EPS, IDEALMinC$30LicenceInternationally licensed operatorWelcome pack 285% up to C$11,250 + 285 FSVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- iDebit / InstaDebit
- Internationally licensed operator
- First deposit from C$30
- 9
BizzoWeb wallets acceptedDepositInterac, iDebit, InstaDebitMinC$25Wagering40xLicenceInternationally licensed operator125% up to C$7,250 + 175 free spinsWagering 40xVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- iDebit / InstaDebit
- Crypto deposits
- Internationally licensed operator
- First deposit from C$25
- Welcome wagering 40x
- 10
NationalWeb wallets acceptedDepositInterac, Neosurf, MuchBetterMinC$25Wagering40xLicenceInternationally licensed operator100% up to C$1,500 + 150 free spinsWagering 40xVisit casinoWhat we checked
- Canadian dollars supported
- Interac deposits
- iDebit / InstaDebit
- Crypto deposits
- Internationally licensed operator
- First deposit from C$25
- Welcome wagering 40x
We are an independent guide, not an operator. Offers are shown as published by the operator for Canadian players and change without notice — always read the terms on the casino site. 19+ (18+ in AB, MB and QC). Help: ConnexOntario 1-866-531-2600.
There are lot of factors to take into consideration. Is it the most secure? Is it the fastest? Does the company behind it have a good, long-standing reputation? Will it cost money to use it, and if so, how much?
As responsible online gamblers, we want positive answers to each of these questions. Unfortunately, it’s so rare that a single payment method checks off all the right boxes.
One method that does tend to get the most affirmative responses is a web wallet; aka eWallet or online payment processor. The only position they don’t fare as well in is the cost factor. Some of them can be expensive, depending on your level of gambling. The real question is…
Are Web Wallet Fees Worth the Expense?
The fees associated with online payment processors can vary greatly, depending on the brand of choice and how you use them. For purchases (i.e. online casino deposits), they are usually free. You can set up an account for free, link it to a bank account, credit or debit card for free, and transfer money to an online gambling site for free. The fees don’t generally come into play unless you’re processing a withdrawal from the casino.
Different web wallets will charge a different amount, but you can generally expect to pay anywhere from 1.5% up to 3% of the total withdrawal. Is it worth it? There are a few ways we can answer that questions…
True Value of Online Casino eWallet Processing Fees
The most exceptional benefit of using a web wallet for online casino payments is the peace of mind. Companies like ecoPayz, Neteller, PayPal and Skrill have extremely solid reputations for safety and security. They employ the same strict security measures as government-run online banking websites. It really doesn’t get any safer than that.
Bearing this in mind, it’s hard to say that paying a nominal fee to retrieve your cash isn’t worth it. Knowing that your payment will arrive, in a timely fashion, is enough for most player to choose this route.
Then again, just how much money are you going to be withdrawing? The type of player you are could have a significant impact on the value of a web wallet withdrawal.
If you’re a casual gambler who’s ready to request a pay out once your account hits $50 or $100 in winnings, even a 3% fee is only going to cost you between $1.50 and $3. If, however, you’re a high roller with $5,000 ready to claim, a 3% fee becomes $150. Ouch!
In this case, I would not recommend using an online payment processor, unless it happens to cap its processing fees at something like $5-$20.
How to Avoid eWallet Fees
Alternatively, you could avoid web wallet fees altogether by only using them for deposits. When it comes time to withdrawal, you can either have the cash transferred directly into your bank account, or sent via paper cheque through the mail.
High rollers would do well to choose the bank transfer. While this will cost some money, it’s going to be a flat fee. Most banks charge $15 to $20 for an international transfer. That’s a lot cheaper than a percentage-based fee for a four-figure withdrawal. For smaller amounts, paper cheques are free, but will they take longer to arrive.
