Paybilt isn’t just another payment processor—it’s a fintech disruptor reshaping how businesses across industries handle transactions. From Ontario’s booming iGaming market (with $18.7 billion in wagers last quarter) to disaster relief funds and payroll systems, Paybilt’s enterprise-grade infrastructure is designed for speed, security, and flexibility. Paybilt casinos support payments via Interac e-Transfer, Visa Direct, eCheck, and online banking. On this page, we’ll cover everything you need to know about this cutting-edge payment service. Keep reading!
Company Overview
Paybilt Inc. is a new digital banking service that launched in Toronto, Ontario, in 2020. As a small but innovative company, Paybilt offers payment solutions that allow casinos and other businesses to receive payments while minimizing chargebacks. This company leverages the Interac e-Transfer service to provide real-time disbursements of funds. It also supports other local options like eCheck and Interac Online.
Before we dive any deeper, here’s a brief overview of this company’s profile:
- Company name: Paybilt Inc
- Established date: 2020
- Founder: Dale Sandhu
- Headquarters: Toronto, Ontario
- Number of employees: 36
- Support: Online Messaging
Presently, Paybilt ranks as one of the most reliable payment solutions for businesses in Ontario. And its usage seems to be expanding in iGaming circles according to forums like CasinoMeister.
Paybilt’s core strength lies in its API-driven infrastructure, which supports 12+ use cases across industries like e-commerce, creator economy platforms, and even disaster relief. For example:
- In disaster relief, Paybilt enables real-time fund disbursement via Visa Direct to individuals without requiring a bank account.
- For creators, it offers automated recurring payments with an industry leading completion rate—ideal for subscription-based models.
It’s also worth mentioning that Paybilt focuses on Interac e-Transfer automation as one of its primary selling points. This minimizes any potential delays, allowing Ontarians to enjoy real-time payments. It combines Interac’s expansive and reliable infrastructure with Fintech innovations like Machine Learning (ML) to process fast and secure payments.
Besides iGaming payments, here are some of the industries that enjoy Paybilt’s services:
- Sales as a service
- E-commerce
- Supplier payments
- Payroll payments
- Creator economy
- Disaster relief
Why Paybilt Stands Out
Paybilt is rapidly gaining traction as Ontario’s preferred casino payment solution, surpassing popular e-Transfer services like Gigadat and Wyzia. But what makes Paybilt the go-to choice for players and businesses?
Technical Innovations Powering Paybilt
Instant Settlement Engine
- Deposits are processed rapidly using Interac e-Transfer automation.
- Withdrawals leverage Visa Direct for real-time payouts, enabling instant transfers to Visa credit/debit cards.
Fraud Prevention Technology
- Predictive fraud scoring powered by machine learning enhances security.
- Guaranteed funds verification pre-settlement minimizes chargeback risks.
Instant Transactions
Paybilt prides itself on being a “tried and true instant payment method.” This banking solution uses Interac e-Transfer automation to allow businesses to send and receive real-time payments. Customers can also make instant online banking payments with a username and password. The best part is that gambling payments are instant.
Risk Mitigation
At Paybilt, the security of your personal information is the number one priority. The service employs a combination of administrative, electronic, and physical measures to protect your information from unauthorized access and data loss. All payments enjoy bank-grade security with full-featured anti-fraud protocols. And yes, there are minimal chargebacks to worry about.
Flexibility
Another major benefit of Paybilt is its all-in-one payment suite with local banking options. With Paybilt, businesses can securely process payments through Interac e-Transfer, Interac Online, online banking, or even eChecks (electronic checks). This flexibility allows Ontario businesses to expand their checkout options.
Casinos That Accept Paybilt
Several regulated casinos in Ontario are already processing Paybilt payments. Here are a few options:
1. PlayOjo
PlayOjo is a reputable gambling platform that entered the Ontario market in May 2022 following its approval from iGaming Ontario. This casino supports diverse payment methods, including the likes of Interac, Paybilt, MuchBetter, and Visa/Mastercard. As a registered player, you can enjoy popular games such as Big Bass Bonanza, Divine Fortune, and Gonzo’s Quest. However, PlayOjo does not offer a sportsbook at the moment.
2. BetMGM Ontario
BetMGM is among the most prominent betting brands in North America. This platform is widely known for its interactive sportsbook that offers competitive odds and a wide selection of American sporting events. BetMGM also has a casino section where you can play slots, jackpots, table games, lotteries, and live dealer games. Regarding payments, it’s among the ON casinos that process Paybilt deposits and withdrawals via e-Transfer (you can confirm from this thread)
3. Spin Casino
You can also consider playing at Spin Casino to enjoy fast and secure payments. This casino uses reliable Microgaming software to ensure smooth and transparent experiences. You can play popular Microgaming titles like Thunderstruck, Immortal Romance, and 9 Masks of Fire. Spin Casino also offers several exciting jackpots, including Mega Moolah and Major Millions. Interac and eCheck payments are also available.
Benefits for Canadian Casino Players
As online gambling continues to grow, Canadian players need payment methods that offer speed, security, and ease of use. Thankfully, Paybilt has recently emerged as a great alternative to bank transfers, credit cards, and other traditional payment solutions. Here are some of the key advantages for Canadian casino players choosing Paybilt:
Speed & Convenience
The main essence of playing casino games online is to enjoy speed and convenience. Paybilt offers one-click checkouts with deposits and withdrawals processed instantly. In most cases, deposits take no more than 30 seconds to reflect on your casino balance. Withdrawals also take just a few minutes or hours. That’s faster than, let’s say, credit/debit card payouts, which can take 3-5 business days. Bank transfers are even slower, taking up to 10 working days.
Trust Factors
Like Interac e-Transfer and Interac Online, Paybilt is a Canadian banking method governed by local laws. This adds a layer of trust to all your iGaming payments. On top of that, this digital payment method only partners with gaming sites licensed in the province by iGaming Ontario. That’s not all; Paybilt has a transparent fee structure with no hidden charges. Casino transactions are often free of charge.
Advantages for Casino & Retail Operators
The benefits of using Paybilt aren’t limited to casino players alone. Online gambling operators and other businesses are also reaping big, hence the increased adoption of this banking method. Here’s why casinos and retail firms are increasingly turning to Paybilt:
Boosting Revenue
According to Paybilt, 70% of customers abandon their carts, often due to a lack of efficient and convenient payment options. But by integrating modern banking solutions like Paybilt, businesses can reduce delays at checkout, leading to higher conversion rates and increased revenue. For online casinos, offering local banking options is a sure way to attract and keep players.
Operational Efficiency
Paybilt offers white-label integration to maximize brand consistency. Merchants can integrate this online banking technology into their payment systems while maintaining brand identity. Additionally, Paybilt offers omnichannel support to simplify and streamline backend payments. Paybilt’s eCheck service can also eliminate the inconveniences of sending or receiving paper checks.
Paybilt’s Growth in Ontario’s Regulated Market
The Ontario iGaming market has grown significantly since its launch in April 2022. Just one year after its launch, this densely populated market recorded $35.6 billion in total wagers. According to iGaming Ontario, this success places the province among North America’s top 5 regulated markets. As it stands, the province has more than 50 operators with 80+ websites.
Paybilt is destined for greatness in this region, where fast and secure payments are critical. This company has positioned itself as a reliable solution for ON players looking for a Wyzia/Gigadat alternative. Most Canadian players trust brands that offer these localized payments. That’s why Paybilt supports Interac e-Transfer, Interac Online, and eCheck. Of course, that also means lower cart abandonments for businesses.
Another reason Paybilt is experiencing growth in Ontario is the current shift from contactless banking methods. According to statistics, credit card payments in Canada could reduce significantly between 2022 and 2027. This isn’t surprising as the country continues to embrace Interac-based payments. But Paybilt isn’t just another Interac-supported solution, it’s much more versatile as we’ve seen. At its core, this payment solution minimizes chargebacks, allowing businesses to accept payments confidently.
The management team behind Paybilt also gives enough reason to believe that Paybilt is destined for great things. The Director of Operations, Tony Singh, has overseen the company’s immense growth in Ontario since May 2021. He is a Fintech expert known for executing revenue-driven strategic decisions. Robin McDonald has also been the Sales Consultant since January 2021. She understands every nook and cranny of professional sales management.
Overall, Paybilt’s success in Ontario isn’t surprising. Thanks to its Ontario-facing business model, it could become the preferred payment choice for players. This success is already becoming clear, with players praising it on online gaming forum platforms like CasinoMeister. Paybilt also attended the World Blockchain Summit Dubai in April 2024. Could this hint at its intention to expand into the crypto sector? Time will tell!
How Paybilt Compares to Other Payment Methods
The upcoming Interac RTR system could be the game-changer in the Canada’s digital payments landscape. Payments Canada has announced that testing for the RTR system will begin in 2025, with industry-wide testing planned for 2026. This system will allow members of Payments Canada to leverage the Interac e-Transfer infrastructure to process instant payments. This means smaller iGaming payment brands like Paybilt and Gigadat will have a level playing field to compete and process payments from Interac’s banking partners. We’re talking about “real-time payments” here by the way. That’s what RTR stands for: “Real-Time Rail”. And that’s why it’s a big deal for Canadian iGaming.
Beyond Paybilt, there are several other payment methods that are widely used in Ontario’s online gaming sector. In this section, we’ll compare how Paybilt stacks up against other popular banking solutions.
| Feature | Paybilt | Gigadat | Wyzia | PayPal | Bank Transfers |
|---|---|---|---|---|---|
| Non-Gaming Use Cases | Yes | No | No | Yes | Yes |
| Settlement Speed | <4 hours | 24-72 hours | 12-48 hours | Minutes | 3-7 business days |
| Fraud Prevention | Advanced ML scoring | Basic Fraud checks | ID verification Protocols | Dispute resolution | Relies on Bank Policies |
Beyond iGaming: How Paybilt Serves Diverse Industries
While Paybilt has become a favorite among Ontario casinos, its applications extend far beyond gaming:
| Industry | Use Case | Benefit |
|---|---|---|
| Disaster Relief | Real-time fund disbursement via Visa Direct | Instant aid distribution without bank apps |
| Creator Economy | One-click recurring EFT payments | Simplifies subscription models |
| Payroll | Bulk Interac® disbursements | Faster employee payouts with auto-reconciliation |
Step-by-Step Guide for Players
To wrap up this Paybilt casino guide, let’s walk you through the simple steps for depositing and withdrawing funds using Paybilt. Yes, Paybilt can be used for both deposits and withdrawals, although payouts can take up to 24 hours. That’s still fast enough for online gambling withdrawals these days. Here’s how you can make the most of Paybilt at your favourite casino:
Depositing Funds
Before using Paybilt for casino deposits, you must create a Paybilt account and link your bank details to your account. Follow these steps:
1. Create a Paybilt profile, then link your bank account via Interac®. You can use the auto-fill option to quickly fill out your bank details and minimize errors.
2. Next, you’ll initiate a deposit through your preferred payment channel. For example, you can use Interac e-Transfer to send or receive payments via email confirmations.
3. Now log into your Paybilt casino account, and choose this payment method on the cashier. Most casinos indicate this as Interac e-Transfer.
4. Enter the amount you wish to deposit, and the casino will redirect you to an online banking gateway.
5. You’ll receive an email notification to complete the casino deposit. Note that Paybilt allows you to initiate up to three deposits. These transactions expire after 24 hours.
Paybilt Gambling Withdrawals
Let’s assume you already have a Paybilt account. In that case, casino withdrawals are a breeze. Here are the steps:
1. Log into your Paybilt casino account once you confirm you have enough balance to withdraw. Remember, the transaction limits may vary between casinos.
2. Next, head to the casino cashier and choose Interac e-Transfer to receive payments via Paybilt. Payouts can be through e-Transfer or Visa Direct, depending on your preference.
3. Lastly, enter the amount you wish to withdraw to complete the transaction.
How Long Does a Paybilt Inc Gambling Withdrawal Take?
Paybilt’s infrastructure supports instant withdrawals, but three critical factors determine actual payout speeds:
| Withdrawal Method | Paybilt Processing | Casino-to-Player Timeline |
|---|---|---|
| Visa Direct | Instant | 2-15 minutes |
| Interac e-Transfer | Instant | 30 mins – 24 hours |
| eCheque | 1-3 days | 3 days |
3 Key Factors Affecting Speed
- 1. Casino Approval Delays: Operators like BetMGM Ontario typically take 2-12 hours to verify withdrawals before releasing funds to Paybilt.
- 2. Institution Compatibility: Paybilt processes Interac transfers in real time, however the final bank clearance times depends on your financial institution.
- 3. First-Time Verification: Initial withdrawals may require ID checks, adding 12-48 hours.
If your withdrawal is delayed, start by checking your casino account balance and contacting their support team. They can confirm whether your payout has been processed and sent to Paybilt. If the funds have already been disbursed but haven’t reached your account, you may need to contact Paybilt’s customer support for further assistance.
Paybilt Customer Support
Customer support is an important factor when choosing a payment method in Ontario. Paybilt allows you to follow up on delayed payments and make inquiries through their straightforward contact form. All you need is to input your name and email, then write your query in the textbox. For questions regarding the website’s privacy policies, you can email privacy@paybilt.com. At the moment, Paybilt doesn’t support direct customer channels like a dedicated email, phone, or live chat. Nonetheless, you’re guaranteed promises quick responses after filling out the contact form.
Conclusion – What’s Next for Paybilt in Canadian iGaming
For a company that has only been active for 5 years, Paybilt is already on track to becoming a leading payment solution in Ontario’s iGaming sector. Paybilt allows both users and businesses to enjoy diverse payment solutions all on one platform, making it a great AIO choice.
In the future, we could see Paybilt leaning towards crypto. Another idea is AI-powered services to enhance customer experiences and protection. For example, Paybilt could use this technology to analyze spending habits and provide personalized player limits. Beyond AI, Paybilt might also introduce an exclusive loyalty program to reward loyal spenders. Customer retention incentives like cashback and discounts have proven effective for credit card providers.
So, in general, we expect the dominance of Interac-based payment solutions in Ontario to continue. The upcoming launch of Interac RTR seems like a turning point as it consolidates all digital payment platforms in Canada. And with the credit card gambling ban becoming widespread worldwide, it won’t be surprising to see Ontario following this approach. Paybilt and other e-Transfer services could reap big profits in the coming years.
