
Before you start betting, you need to fill your account with money. This is part of getting the funds necessary to place bets. To do this, you’ll need to go through the banking process with the sportsbook of your choosing.
Before banking with an operator, you should always check their licensing, reputation, and security. Banking involves trusting a sportsbook with your sensitive payment information, and if they can’t be trusted, this can be a huge mistake.
While most BC sportsbooks, whether they are provincially-ran like PlayNow or offshore sites like bet365, can be relied upon to keep your money and information safe and honor payouts, it is always important to double-check.
Let’s look at the popular payment methods for British Columbia sports betting.
Credit/Debit: This is the most common deposit method. Bettors simply use their credit or debit cards to deposit online, inputting the number on the card into the website. Transaction speeds tend to be medium.
Interac: This is a transaction method many Canadians value for its ease and simplicity. Bettors can send e-transfers through Interac to a betting site and have the money very quickly show up on their account.
E-Wallets: E-Wallets are virtual devices designed to securely hold online payments. Many sportsbooks take a variety of e-wallets, including Skrill, Neteller, and Payz. One downside to e-wallets is that some sportsbooks won’t pay out bonuses with e-wallet transactions.
Cryptocurrency: Cryptocurrencies have recently become a popular sports betting payment option accepted by many (but not all) websites across the country. The big benefit of crypto transactions is that they are very fast for both deposits and withdrawals.
Web Cash Deposits: Web Cash Deposits are a way of depositing with PlayNow. Bettors purchase Web Cash cards of varying amounts with cash. These cards come with a scratch-off code on the back. When bettors want to deposit with PlayNow, they scratch the code and input the details into the website.