Choose the Right Banking Method for Preferred Payment Bonuses

In an industry, where online casinos are competing with literally thousands of other brands, you need a draw card to get players to use your site. Aside from the usual sign up, welcome and refer a friend bonuses, lots of online casinos have started to implement preferred payment bonuses. This basically means that the online casino will actually offer you a bonus for depositing or adding their preferred payment method. In most cases, you receive a match of a certain percentage of your bonus, for example a 10% match bonus. This is only if you use the preferred payment method of that online casino welcome bonus. For online casinos offer this bonus for using e-wallets. The main benefit to the casino is that they can accept players from more countries and for players it means more anonymity as you don’t need to disclose personal information when adding your payment details. So this bonus is mutually beneficial to online casinos and players alike.

Deposit Bonuses

Deposit bonuses are perhaps the most popular and enticing to new players as a method to instantly increase bankroll. Most online casinos in Canada will offer you a welcome bonus when you sign up in the form of a deposit bonus. In some cases, these deposit bonuses are presented as a percentage match offer, requiring you to deposit a certain amount to receive up to a specified amount. This bonus does however come with restrictions. Most online casinos will offer you the bonus, but stipulate that it can only be used on certain games such as slots and not table games.

Other online casinos will offer you a no deposit bonus, however you will not be able to withdraw the money as cash, but use it only to play the online casino games. In the rare cases that you may be allowed to cash it out, you will have to meet often nearly impossible wagering requirements to qualify.

Overall speaking, these bonuses are helpful to new players, who want to familiarize themselves with games without having to risk a lot of money at first. But for more experienced online casino players, the wagering requirements present too much of a hassle and challenge, so most experienced players prefer to decline these deposit bonuses.

Advantages of Preferred Payment Bonuses

Preferred payment bonuses are becoming increasingly popular in the online gaming industry. Most online casinos prefer payment via e-wallets such as PayPal. Unfortunately it is not available for use in Canada so you will have to settle for some more Canadian options. There are more and more Interac E Transfer casino and Interac Online casino options and you can always visit an eCheck Casino Canada. If you already use these payment methods for online gaming, then you are not losing anything or being asked to sacrifice anything. In fact, you are getting a bonus just for doing what you always do.

The advantages for players is that you receive a bonus just for using one of the above mentioned payment methods. The bonus may vary depending on the online casino that you are playing at. However, most online casinos offer preferred payment bonuses of between 5 to 20% of your initial deposit amount.

Players can take advantage of this by searching for and playing at all casinos that offer this preferred payment bonus. So in addition to receiving any other bonus that the online casino offers, you will now also get an extra bonus, which can really help to give you a slightly padded bankroll.

Instadebit is a popular online payment option that is accepted by online casinos in Canada. Many online casinos will offer you a preferred payment bonus just for using or adding this as your payment method. For Canucks, this is an advantage.

Online casinos have to compete with literally thousands of other contenders around the world. So his is just one way of broadening their target audience and making use of current trends to improve and profit the online casino. The fact that payment methods such as PayPal and other e-wallets are used in most parts of the world makes reaching players from all over globe, possible.

More Online Casino Rewards

While many online casinos offer cash bonuses for using preferred payment methods, others may offer bonuses in other forms. Some online casinos may choose to offer free spins on slot machines to reward players for using e-wallets as their payment option. Other online casinos may offer free entry into tournaments, competitions and lucky draws. Some online casinos may choose to boost your VIP level for using certain payment methods consistently.

As a VIP player, you will be entitled to further bonuses such as reload bonuses. This means that your online casino account will automatically be reloaded with a certain bonus amount each month. The amount may vary depending on the online casino you are playing at, the amount of time you have been a member and the frequency that you play.


Preferred payment bonuses are indeed a great way to something extra out of your online gaming experience. If you already use e-wallets as your online casino payment method, then it is no inconvenience at all and you will be getting something extra just for using your usual payment method.

If however, you do not use e-wallets and do not even own one, it is simple, quick and free to create one. It only takes a few minutes to sign up and you can start reaping the rewards shortly thereafter. For those who do not use e-wallets as yet as their online casino payment method, you are at a disadvantage already. This is because with e-wallets you do not have to disclose or declare any personal information when depositing or withdrawing your finds from your online casino account as opposed to many other payment methods. This gives you the benefit of anonymity and peace of mind knowing that your information is not available to third parties or any other unauthorized parties.

This allows you to play with greater peace of mind and makes the overall online gaming experience a pleasure. Combine this with the added preferred payment bonus and you have a win-win situation.


Last Updated: June 5, 2019