A money order is a printed order for payment offered by thousands of organizations in the world, including financial institutions, grocery stores, post offices, and online gaming establishments. For Canadian newcomers in the world of online gaming, a money order represents a safe and reliable way to transfer funds to and from an online casino account.
If you are a Canadian citizen and you plan on using money orders to deposit or withdraw funds on your favourite betting sites, take a look at our review below to find out more about one of the oldest payment methods.
The Best Money Order Betting Sites 2024
What Is a Money Order?
A money order is one of the oldest payment methods in the world established by a British company back in 1972. Today, this payment form is supported by thousands of institutions across the globe, including numerous online casinos in Canada.
A money order is a paper document, similar to a cheque, with one crucial difference – cashier’s cheques have a higher limit than money orders. Furthermore, money orders are prepaid, which means that they can only be issued after a buyer has paid for them. You can purchase money orders from a bank, convenience store, credit union, or the U.S post office.
Why Use Money Orders?
Due to their advanced security measures, money orders are one of the safest methods of online banking. Also, people don’t have to share any information regarding credit card details whatsoever since money orders are paid for in cash.
Money orders are available across the world. Every country has organizations that provide money orders for various purposes. In fact, this is probably the most accessible payment method around.
How to Deposit Using a Money Order?
Depositing on Canadian online casinos via money order is easy as pie. Follow the steps below and you’ll be able to place your bets in no time.
- Go to the casino’s website and check whether the casino supports money orders as a payment method.
- Find out the exact address of the casino — it should be listed next to the “Money Order” section. If you cannot find it, contact the casino’s customer support.
- Fill out the money order according to the casino’s instructions.
- Put the money order in an envelope (labelled with the casino’s address), and send the payment on its way.
How to Withdraw Using a Money Order?
If you made some cash playing in your favourite online casino, let’s see how can you withdraw the money.
- Double-check whether your address on the file is correct.
- Go to the “Cashier” section and request a withdrawal.
- The payment will reach your mailbox in the timeframe specified by the casino.
Money Order Online Betting Sites
A money order is an available payment method all around the world. Therefore, you shouldn’t have a problem finding an online casino operator in Canada that accepts money orders.
However, not all online casinos in Canada offer the same incentives for players. Luckily, we have created a list of the best online betting websites in Canada that support this payment method.
Disadvantages of Using Money Orders
Unfortunately, transferring funds via money order can be painfully slow. If you are using this method to deposit money in an online casino, it can take a week before it’s credited to your account.
Also, the money order withdrawal process is very complicated. When you receive a withdrawal, you have to find a financial institution (a bank or a local money order carrier) in order to cash it in.
Money Order Customer Support
If you have questions regarding your money orders, you have to contact the bank that supports this payment method or the local carrier from which you purchased the order. Note that it may take some time until you get the answer you were looking for, so you’ll just have to remain patient.
How long does it take to receive money using money orders?
After you send the withdrawal request, it may take up to 10 days until the money order reaches your home or the post office.
Does it cost more money if I make a large deposit?
In most cases, it doesn’t. However, most businesses won’t issue a money order for more than $1500.
Can I use money orders outside of Canada?
Yes, you can make purchases with a money order in virtually every country in the world.
Who benefits most from using money orders?
The casino, the user, and the post office through which you are sending money orders benefit from this payment method.
Which banks is money order available through?
Money orders are available at most world’s banks.
Do I have to open an account with money orders to use their services?
No, you don’t need an account to use money orders.
Are transactions via money order protected?
Yes, transactions via money order are one of the safest because you don’t need to share sensitive information regarding your credit card when making deposits and withdrawals.
Can I reverse a transaction using money orders?
It is theoretically possible, but it can take up to 60 days to retrieve the funds.