Real money casino games require real money. No kidding. So that’s why in this review our Casino.Guide team will discuss in detail the Caxino payment methods for players in Canada can use to make deposits and withdrawals.
The time it takes to withdraw your wins is an integral part of your gaming experience. We will therefore also cover the processing time frame that determines how long it takes before you see the wins on your end.
For those of you who just want to get going, here’s the short version. Cashout is fast. All the popular Canadian payment methods like Interac, iDebit, Instadebit and Ecopayz are here and can be used for both deposits and withdrawals.
Likewise, the mobile wallet MuchBetter can also be used for depositing and cashing out. New players can get started with just a $1 deposit, although usually the minimum deposit is $10. If you want the full details, we have it all for you below.
Payment options include Interac, iDebit, Instadebit, Ecopayz, MuchBetter, and Paysafe.
Interac and iDebit require no sign up and all you need to do is have a Canadian bank account.
Instadebit also works with your bank account but it does require a sign up.
However, the sign up process is quick and you don’t need to fund your Instadebit account because it acts more like a gateway than an e-wallet.
Ecopayz is an e-wallet, and MuchBetter is a mobile wallet that works on both iOS and Android. These two payment methods require that you pre-fund your account. Paysafe is a prepaid voucher and can be used for deposits but not for cash out.
Interac, Instadebit, iDebit, Ecopayz and the MuchBetter app can all be used for both depoits and cashout at Caxino. If possible, we would recommend going with one of these payment methods to facilitate the cashout process.
You can also use Visa, Mastercard or a bank transfer, but this may be more complicated when it comes to withdrawing. We’ll talk more about that in the payment methods for withdrawals section.
All deposits will be instantly reflected in your Caxino account. If you don’t see it, contact their Customer Service for help.
Caxino Deposit Limit and Fees
Caxino Casino has a minimum deposit of $10; however, if you are new to the casino then your initial deposit can be as low as $1. The site doesn’t list a maximum deposit limit but you can choose to self-impose one to help manage your budget.
There are no fees charged by Caxino. Some payment methods like iDebit may charge a small service fee on their end, but this is just $1.50 in the case of iDebit.
Caxino Payment Methods for Withdrawals
As mentioned, Interac, Instadebit, iDebit, Ecopayz and the MuchBetter app can all be used for both deposit and withdrawal at Caxino.
“In theory, you can also use credit cards and bank transfers to withdraw. However, players in Canada are in a rather peculiar situation. Most of the big Canadian banks won’t accept money from an online casino. This includes RBC, TD, CIBC, Nova Scotia and Santander.”Vienne Garcia – Casino Expert
Alright, this isn’t every single bank in Canada, but it does cover most people. Which means that most Canadian players can’t cash out to their bank account directly. We therefore recommend going with Instadebit, iDebit or Ecopayz. The MuchBetter app is also a good choice if you are playing on the Caxino Mobile casino.
The customer service team at Caxino Casino is familiar with the complexities of Canadian banking. They are very good at finding a workable solution if you need help along the way.
Caxino Casino Cashout Time, Withdrawal Limits and Fees
Caxino cashout is fast. It can range from 1 to 3 days depending on your payment method. Ecopayz and MuchBetter will be the fastest because they are e-wallets and don’t require additional processing time. Compare this with other online casinos that can come with a 3 day waiting period before you withdrawal request is even processed.
The minimum amount for withdrawal is $20. There isn’t technically an upper limit to cashout, but if you are withdrawing more than $2,000 it may be subject to additional verification. Caxino does not charge any fees for withdrawals, but the payment method you are using may charge a nominal service fee.
Account Verification for First Withdrawal
All online casinos need to verify a player’s ID before they pay you. It’s known as the KYC process (Know Your Customer) and it’s to prevent identity theft and money laundering. You will have to upload a few documents like your driver’s licence or passport, and a proof of address to prove who you are. The full list of documents needed can be found when you login to your Caxino Casino account. This is the law and all licenced casinos will make you go through this.
The team at Caxino Casino is usually quite efficient, but sometimes it can take them a few days to complete the verification process. To avoid any unnecessary delays on cash out, we suggest you verify your account before you plan to withdraw.
What you need for verifying your Caxino Account:
valid government issued photo ID
proof of address
upload it to your Caxino Account or send it via email to customer service team
Summary of Caxino Casino Banking
Deposits and withdrawals at Caxino Casino are smooth and come with enough options for players in Canada.
Cashout time is fast and if you are withdrawing to an e-wallet you can see it in 1 day.
Our testers at Casino.Guide have zero complaints on the Caxino Canada banking process.
Caxino Banking was tested and reviewed by Vienne Garcia
I’ve been working in the online casino landscape in Malta for more than 10 years and have seen how the industry works from customer service roles to the backend of the business. While I am lucky enough to call myself a native on the sunny island called Malta, I also enjoy travelling and have travelled across Canada! After wandering through the great white north, I have decided to share my knowledge and now work with Canadian players to compile accurate casino reviews to help players navigate through the hundreds of gaming sites online.
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