Loonio is a digital payment platform that ensures fast and secure transactions from your bank account directly to the online casino. With Loonio, players can make deposits without sharing any details with the online gambling platform, this makes it one of the safest and preferred options in Canada to make transactions online.
In this article, you will find out what online casinos offer Loonio as a gambling payment method and how to get started to make your first transaction with this payment method. Let’s start with a full list of the casinos that accept Loonie in Canada.
Loonio Casinos Available in Canada 2024
- Excellent Live Casino Section
- Fast Payouts
- Payment Methods: ApplePay, Astropay, Crypto, Gigadat, iDebit, Interac, Mastercard, MuchBetter, Visa
- Extensive selection of over 6,000 casino games.
- Supports main cryptocurrencies.
- Payment Methods: Astropay, Crypto, Interac, Jeton, Mastercard, Neteller, Paysafecard, Skrill, Visa
- Wide selection of sports and casino games.
- Exciting welcome bonuses for casino players.
- Payment Methods: Astropay, Interac, Jeton, Mastercard, MuchBetter, Neteller, Skrill, Visa
- Extensive game selection catering to diverse gaming preferences.
- Super Generous Welcome offer for Casino Players
- Payment Methods: ApplePay, Crypto, Interac, Mastercard, Neteller, Paysafecard, Skrill, Visa
- Low wagering requirements for Sportsbook bonus
- Fast payout times
- Payment Methods: Bank Transfer, Instadebit, Interac, Mastercard, PayPal, Visa
- Available for players in Ontario and rest of Canada.
- Quick Payout times
- Payment Methods: Crypto, iDebit, Instadebit, Interac, Jeton, Mastercard, PayPal, Paysafecard, Visa
- Multiple transaction methods
- Large games selection
- Payment Methods: Astropay, Crypto, iDebit, Interac, Mastercard, MuchBetter, Visa
- Dedicated welcome bonus for Canadian players
- Loyalty program with rewards
- Payment Methods: iDebit, Instadebit, Interac, Mastercard, MuchBetter, Visa
- Wide range of betting options and casino games
- Generous bonuses and promotions for new customers
- Payment Methods: Gigadat, iDebit, Instadebit, Interac, Mastercard, Paysafecard, Visa
- Fair Deposit Bonus T&Cs
- Fast Payouts
- Payment Methods: Astropay, Interac, Mastercard, MuchBetter, Paysafecard, Visa
- Generous welcome bonus package for new casino players
- Fast withdrawal processing times.
- Payment Methods: Crypto, Interac, Mastercard, MuchBetter, Neteller, Skrill, Visa
- Extensive game selection
- Fast and secure payments
- Payment Methods: Interac, Mastercard, MuchBetter, Paysafecard, Visa
- No wagering requirement on bonuses
- Over 3000 games to choose from
- Payment Methods: ApplePay, Astropay, Gigadat, Interac, Mastercard, MuchBetter, Paysafecard, Visa
- Wide range of sports and games to bet on
- User-friendly mobile app for iOS and Android devices
- Payment Methods: Interac
Advantages and disadvantages of choosing Loonio Casinos
Among the main advantages of using Loonio at online casinos are:
- Security: Transactions are secured with bank-level encryption, and personal banking details are not shared with the merchant or third parties.
- Convenience: Quick and easy payments using your online banking credentials without the need to remember card details or security codes.
- Speed: Instant processing of deposits and fast withdrawals, ensuring a smooth gaming experience without delays.
The main disadvantage is the still low availability among online casinos in Canada.
Using Loonio at Online Casinos
To use Loonio at an online casino is a simple process that starts at the online casino’s cashier. Simply choose Loonio as your preferred payment method and follow these steps:
- Select Loonio as the Payment Method: On the casino’s deposit page, choose Loonio from the list of available payment options.
- Enter Banking Details: You will be redirected to your bank’s login page, where you enter your banking credentials securely and select the account you want to use for the payment.
- Confirm Payment: Sign an electronic PAD agreement to finalize the transfer. You will receive immediate confirmation of the transaction, which ensures fast processing of your payment or payout. The funds will be transferred instantly.
Loonio leverages the Interac system, known for its security and widespread acceptance across Canada, supporting over 100 Canadian banks and credit unions. This method is convenient as it does not store customer data, maintaining high security by using bank-grade encryption for transactions.
How to Make Withdrawals from an Online Casino with Loonio
To withdraw funds from an online casino using Loonio, follow these steps:
- Navigate to the Withdrawal Section: Go to the cashier or banking section of the online casino and select the withdrawal option.
- Choose Loonio: Select Loonio (or Interac, if Loonio is integrated with it) as your withdrawal method.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw. Ensure it meets the minimum and maximum limits set by the casino.
- Confirm Withdrawal: Follow the prompts to confirm the withdrawal. You might be redirected to a secure page where you will log in to your online banking to complete the transaction.
- Processing Time: The casino will process your withdrawal request. Once approved, the funds will be transferred to your bank account, typically within 24 hours.
Safety of Using Loonio at Online Casinos
Loonio is designed with robust security measures to ensure the safety of transactions at online casinos and betting sites. With Loonio, many factors indicate a high level of security such as:
- Bank-Level Security: Transactions are secured using bank-grade encryption. When you use Loonio, you log in through your bank’s secure portal, which means that Loonio and the online casino do not have access to your banking credentials or personal information.
- No Storage of Sensitive Data: Loonio does not store any customer data, reducing the risk of data breaches. The only information stored is transaction-related, and even this is protected by stringent security protocols.
With Loonio, players use their own online banking data and do not have to submit any personal information or card details to the online casino or betting site. You will enter only your online banking data in a secure bank environment to which no third parties have access.
Additionally, your online banking log-in is never visible to the online gambling platform or third parties, including Loonio ™ or their employees. It stays secure between you and your bank.
How Fast Are Transactions with Loonio at Casinos?
Loonio transactions at online casinos and betting sites are instant. In about 5 seconds you will be done and ready to start playing your favorite games.
- Instant Deposits: When you make a deposit using Loonio, the funds will be transferred immediately, allowing you to start playing almost instantly. This is particularly useful for online casinos and sportsbooks, where players prefer immediate access to their funds.
- Fast Withdrawals: Withdrawals using Loonio are also processed quickly, generally within 24 hours. However, the exact time may vary depending on the casino’s internal processing times. We have collected a list of the fastest withdrawals online casinos where Loonio is also accepted. Loonio ensures that once the casino approves the withdrawal, the funds are transferred to your bank account without delay.
Transaction Limits with Loonio at Online Casinos
The transaction limit for Loonio at online casinos varies. To give you an example, the minimum deposit via Loonio at Gaming Club is $5. Betway, on the other hand, allows players to deposit a minimum of $10. The amount also varies with withdrawals, so make sure to check this out before proceeding with your cash out.
Your local bank will also set a maximum and minimum amount. The minimum you can transact with Loonio is usually $5, while the maximum could hit $20,000. So Loonio works great for both beginners or high roller players.
Any Fees?
Players won’t be charged any fees for using Loonio as a payment platform at online casinos and sportsbooks. Transactions are free for both deposits and withdrawals. You will only be charge the amount that you want to deposit in the online casino when making a transaction.
What Bank Accounts Work with Loonio Casinos?
Considering Loonio works through Interac, you will have more than 250 Canadian banks and credit unions available. This turns Loonio in one of the most convenient gambling payment methods due to the wide availability of commercial banks in its network.
For example, at Betway, you can make Loonio transactions through more than 60 popular commercial banks and credit unions, although we recommend you to check because it may vary depending where you reside.
Can I get Bonuses if I deposit in a Casino with Loonio?
You can get bonuses when depositing with Loonio at online casinos and sportsbooks. There are many types of bonuses available for Canadian Players that consist of welcome bonuses, free bets, sportsbook bonuses and loyalty programs that will grant you more credit to play when making a deposit with Loonio or any other payment method.
To get a bonus of any type when depositing with Loonio, make sure to deposit the required amount for the bonus (most of the time set at a minimum of $10). There are not additional requirements and you will be granted your bonus once the deposit is successfully done.
Summary
Loonio offers a secure, convenient, and fast method for making payments and withdrawals at online casinos in Canada. Its integration with the Interac system provides enhanced security and widespread acceptance, making it a preferred choice for many Canadian players. The instant processing of deposits and quick withdrawals add to its appeal, ensuring a smooth and efficient gaming experience.
For more information, you can visit Loonio’s official site.
