Why won’t my Visa or Mastercard work?
Some banks that issue Visa and Mastercards have decided to block transactions to online gaming companies, not all banks just some. TD Bank for instance has decided not to process online sportsbook, casino or poker transactions. Not all banks have this attitude, but some do. If your transaction was declined this is the reason.
What do I do next? Choose an E-wallet
At this point you have a lot of options. The best one is to choose a great e-wallet such as Entropay or Instadebit. E-wallets enable you to keep money online, similar to PayPal. You can fund Entropay using your Visa or Mastercard instantly, even your blocked cards. You can also fund your Entropay or Instadebit account using your personal chequing account. Deposits may take up to three business days. This works like an electronic cheque and is one of the most popular ways to deposit to sportsbooks among Canadian customers.
Other Online Sportsbook Deposit Options
There are some other options available to Canadian customers. For instance, those pre-paid Visa and Mastercard giftcards you see at Shoppers Drug Mart or Loblaws, those cards will work at online sportsbooks and can be a very convenient option. Also, Entropay has started to gain popularity recently. Its a virtual pre-paid Visa card that you can purchase instantly online using a major credit card and use for sportsbook deposits.