Are you an iGaming enthusiast from Canada searching for a reliable, secure, and quick payment method you can use when gambling online? If so, you should consider Interac to fill that empty spot. This operator allows users to conduct safe and swift transactions through a third-party payment processor from their bank account.
Though it might not be your classic e-wallet provider, Interac has many qualities that make it the top choice for many punters. In this in-depth guide to Interac casinos, we cover everything you need to know about the payment method. You can learn how to make deposits and withdrawals, find the top Interac gambling sites, and more!
What Is Interac – A Short Service Overview
Interac is a leading payment provider in Canada that was founded way back in 1984. Though it was first introduced as a debit card payment network, it eventually delved into e-transfers. Users simply connect Interac directly to their bank account when used for online transactions. So, you don’t need to bother creating and managing a separate Interac profile, and the entire process is much smoother.
The service is among the top payment methods in Canada, so many iGaming enthusiasts use it as their go-to deposit method at Interac casinos. Transactions are straightforward to manage, and everything gets processed in a matter of minutes. Most importantly, it’s a top-rated payment provider, so finding highly reliable Interac casinos won’t be a problem for you.
Difference between Interac and Interac e-Transfer
When you’re at the cashier section at your Interac casino, you might’ve noticed that there are two options to choose from – Interac Online and Interac e-Transfer. So, what’s the difference between these two banking methods?
You get a quick and smooth way to transfer funds when using Interac Online. Users simply log into their bank account through Interac and select the amount they wish to transfer. With Interac e-Transfer, however, users are required to do a bit more work. You’ll need to input certain information in your payment request and answer a security question to approve the transaction. Interac Online might be a quicker way to handle your finances, but you’re more likely to find the latter version at Interac casinos.
How to Use Interac at an Online Casino?
The thing about Interac is that it doesn’t work the same way as most e-wallets out there. Users aren’t required to create an account with the platform, and there’s not even an Interac mobile app to download. Instead, Interac’s software is directly linked with most Canadian banks, so you only need to enable online banking.
The service will collect any details required to complete the transaction right from your bank, so there’s no need to provide Interac casinos with any of your personal information. Thus, making the entire user experience much easier for you.
So, how do you actually use Interac when you’re gambling online? You’ll first need to choose Interac as your preferred payment method at the casino. Then, you’ll be asked to select your bank institution, and the website will redirect you to the payment gateway. Users must log in to their online banking accounts and enter the amount they wish to deposit/withdraw.
However, if you choose Interac e-Transfer, the process is a bit different. The first two steps remain the same, but once you get to the Gigadat payment gateway, there are a few boxes to fill. These include the Interac casino’s payment information, transaction amount, and answering a security question to approve the payment.
Interac Casino Deposits
Topping off your gambling funds with Interac is a quick and straightforward procedure. To make everything easier for you, we broke the process down into a few simple steps.
- Find an Interac casino. Your first step should be choosing a casino that supports Interac as a payment method. We recommend any of the Interac casinos listed above, as they’re all crème de la creme. Once you create your account, you can move on to the next step.
- Head to the Cashier. Now that you’re registered at the Interac casino, you’ll need to click on the ‘Deposit’ button. The site will then redirect you to the Cashier page, where you need to choose Interac as your preferred payment method.
- Specify your deposit amount. Next up, players need to enter the amount they wish to deposit. For most Interac casinos, the minimum limit ranges between CA$10 and CA$20.
- Wait for the transaction to go through. All transactions with Interac should go through immediately. Yet, in some cases, the processing time might take up to 30 minutes.
- Play. Once the funds show up in your balance, all that’s left is for you to pick your favourite casino game and enjoy the action.
Withdrawing at Casinos Using Interac
Cashing out your winnings at Interac casinos is just as easy as depositing. Simply follow the steps below, and you’ll have your cash in no time!
- Make sure everything is in order. Before requesting a withdrawal, you must ensure you’ve met all the necessary conditions. This entails the casino’s wagering requirements and going through a KYC procedure.
- Go to the Cashier. Once you’re confident, you can get a withdrawal and head to the Cashier section. Here, you’ll need to select Interac as a cashout method and specify the amount you want to withdraw.
- Wait to get approved. Now that your payout request has been sent to the Interac casino, it’s time to wait. Usually, Interac casinos have a pending withdrawal period that spans from one to three business days. The operator will review your withdrawal application and ensure you’ve met all requirements during this time.
- Enjoy your winnings. Once you get approved for your withdrawal, the Interac casino will send the funds over immediately. And since Interac is an instant payment method, you should have your winnings within a few hours.
Pros & Cons of using Interac in an Online Casino?
As with everything else in life, using this service as your preferred payment method at Interac casinos can come with both benefits and drawbacks. We want to ensure our readers are 100% aware of all details to make the best and most informed decision.
| Benefits: |
Disadvantages: |
| Trustworthy payment method with a strong reputation. |
Only available at Canada and Ontario online casino sites. |
| Straightforward depositing process without special registrations. |
Some bonuses might not be available to claim with Interac as your chosen banking method. |
| Guaranteed secured and instant transactions. |
Interac transactions show up in bank statements. |
| Low processing fees. |
|
Why Do Canadians Choose Interac Casinos?
There are many reasons why Interac is one of the leading payment providers at online casinos in Canada. First and most important is the guaranteed security that comes with using Interac as your banking method of choice. The operator uses the latest encryption software to ensure that all transactions are protected and implements additional security measures like two-factor verification.
Another reason to choose Interac casinos is the lightning-fast processing times that come with this payment method. Interac transactions are usually processed within 30 minutes, so players don’t have to wait long for the payment to go through. Plus, there’s no special registration needed as you use your online banking details. Lastly, Interac has some of the lowest processing fees today, with most charges rarely exceeding CA$1.
Our Interac Casino Tips
Want to know how to optimize your use of Interac when gambling online? We’ve got you covered! Firstly, the most important tip we can give you is to keep your Interac PIN private for obvious reasons. Speaking of the PIN code, it’s in your best interest to choose a code that’s both unique and simple for you to remember. Lastly, make sure to only play at Interac casinos you know are reputable and safe. Feel free to check the list of Canadian online casinos above if you need some suggestions.
Interac Alternatives Banking Methods
Interac is among the leading payment processors for iGaming enthusiasts that live in Canada. The operator has been around since 1984 and has developed a massive array of satisfied customers. Hence, the number of Interac casinos is pretty solid. Yet, its limitation to the country can be a dealbreaker for many players. Not to mention that some punters might want an alternative, just in case.
Luckily, it isn’t the only banking method you have at your disposal. In fact, the online casino industry is packed with excellent payment methods that can act as fantastic alternatives to Interac. So, we broke down the best banking providers Canadians can use for their online gambling adventure.
Every single banking option listed below is 100% safe and secure and guarantees a smooth experience. They’re all available across a large variety of online CA casinos, many of which are even Interac-supported sites. So, you wouldn’t be at a shortage of options if you pick any of these processors. Thanks to their top-class service and lightning-fast transactions, you could embark on your iGaming adventure the second you hit the ‘Deposit’ button.
Skrill
Skrill is a fantastic payment provider that comes to us from the United Kingdom. It was first launched in 2001 and built a stellar reputation for itself. The processor has made itself available to over 120 countries worldwide. Moreover, it supports 40 currencies, so you won’t have to deal with any irritating money exchanges. Since it’s one of the top payment providers for iGaming enthusiasts, you can rest assured that you’ll find it at all the best casino sites.
Neteller
Neteller is among the top e-wallet providers in the world. Thus, it’s a number one choice for many iGaming enthusiasts. This online payment platform provides users with a secure, fast, and easy way to handle their online casino-related finances. Neteller is available in over 200 countries across the world, so you shouldn’t have a problem getting access to it. As for security, the provider implements 128-bit encryption software and makes users go through 2-step authentication for each login.
Neosurf
Unlike the two previous payment providers on our list, Neosurf works via prepaid vouchers and is especially popular in New Zealand and Australia. Users can purchase a Neosurf card online or from any authorized reseller. This banking method is especially popular among online gamblers since users aren’t required to provide any personal or financial details. Thus, all transactions are 100% anonymous and secure. That being said, one drawback to consider is the fact that players can’t withdraw their winnings with it.
Boku
Boku is a top-of-the-line payment provider allowing users to deposit funds right from their mobile phones. The way it works is simple – users need to create an account and enter their phone number. Then, each deposit they make will be added directly to their phone bill at the end of the month. It’s a trusted and reputable processor available at many online casinos, so you shouldn’t have trouble finding a Boku-supported site.
Paysafecard
purchase them either online or from an authorized location. The amount on Paysafe cards ranges from CA$10 to CA$250. It’s accepted at almost every internet casino and provides users with quick, risk-free, and secure payments. Note that punters can only use it as a deposit method, so you’ll need an alternative to cash out your winnings.
iDebit
iDebit is an excellent e-wallet provider headquartered in Canada. It first hit the scene in 2003 but didn’t adopt the name iDebit until 2012. Since then, it’s built an enormous array of satisfied users thanks to its simplicity, convenience, and security. You can find this payment provider at all the top online casinos in Canada. Depositing cash to your iDebit account costs CA$1.50, while transferring the funds from your iDebit balance to your bank account comes with a CA$2.00 fee.
MuchBetter
MuchBetter is a top-line online banking platform that appeared in 2017. This payment processor mainly offers its service to the iGaming industry and can be found and many first-class casinos. Users get access to safe and speedy deposits and withdrawals they can control right from their phones. In the interest of security, the platform has implemented all kinds of safety measures, such as device pairing, fingerprint and face ID, and authentication codes.
Bottom Line on Interac Casinos
We’ve arrived at the summary of our Interac casino guide. To conclude, Interac is an excellent payment method that provides users with a quick, safe, and convenient way to handle their finances. Interac connects directly to your bank account, so there’s no need for registration or transferring funds back and forth.
Moreover, Interac works closely with almost every Canadian bank, including RBC, Scotiabank, BMO, and more. So, you don’t need to worry whether your banking institution supports Interac. Additionally, this payment provider implements state-of-the-art software to ensure all transactions are 100% safe and protected.
That being said, there are also some drawbacks that come with sticking to Interac casinos. The most notable disadvantage is that this payment method is only available to Canadian players. Moreover, some players might not want certain transactions to appear in their bank statements.
Still, we believe that the benefits of Interac certainly outweigh the few downsides. After all, the operator has millions of satisfied customers and a strong reputation for its security, convenience, and efficiency.
References
Interac Casino FAQs:
Is Interac Safe to Use at Online Casinos?
Yes, Interac is a perfectly safe payment method to use at your online casino. The payment processor uses state-of-the-art encryption software to ensure all transactions are 100% safe and secure. So, you can rest assured that your financial information is in safe hands.
Are There Any Fees for Using Interac?
Yes, you might endure some charges when using Interac at online casinos. More specifically, your bank might charge a fee for processing the Interac e-Transfer payment. Yet, this varies depending on your banking package and is often free. If it isn't, the charge shouldn't be higher than CA$1.
Are There Any Limits When Depositing With Interac in a Casino?
Yes, Interac does have a set limit when it comes to depositing. Put simply; users are only allowed to deposit up to CA$3,000 within 24 hours. Moreover, you can only deposit up to CA$10,000 within seven days and CA$30,000 within a month. Plus, there may be some limits imposed by Interac casinos individually.
Do All Online Casinos Accept Interac?
Unfortunately, not all online casinos support Interac as a viable payment method. In fact, the Interac e-wallet is only available in Canada, so you can only find this payment option at Canadian sites. That being said, all the best online Canadian casinos should accept Interac.
Where Can I Find a Casino That Accepts Interac?
There are many online Interac casinos out there. However, that doesn't mean that each of those casinos is a safe iGaming destination for you. That's why we recommend you check out any of the Interac casinos we listed above. Our experts carefully vet each casino and ensure it's a trustworthy and reliable platform.
Can I Use Interac for Both Deposits and Withdrawals?
Yes, choosing Interac as your preferred payment method means that you'll be able to both deposit and withdraw funds with it. If you scroll up, you'll find detailed guides on how to go about each of these transactions at Interac casinos.
How Long Are Interac Casino Processing Times?
Interac is an instant online banking provider, so all transactions made at Interac casinos should be really quick. And since you'll likely be playing at fast payout casino sites, pending withdrawal period should also be short. In most cases, the payments go through within minutes. However, if the network is busy, the average waiting time is up to 30 minutes.
Do I Need to Create an Account When Using Interac?
No, users aren't required to create an account with the service to use it at Interac casinos. Interac works by connecting directly to the users' online banking accounts. From there, the payment processor can obtain any personal information they might need about the client. So, all you need is internet banking from your financial institution.
