Interac is a highly popular banking system in Canada. It comes with plenty of advantages for its users like complete security, fast transactions, and great budget control.
Keep scrolling to find the best Interac casinos and learn how to make deposits and withdrawals.
Read LessInterac is a widely renowned payment network among gamblers from Canada. The company was founded way back in 1984 and since then it is bringing to the table innovative and efficient ways to make online payments or send money fast and completely safe.
Interac is not a single company but a group formed of Acxsys Corporation and Interac Association. Since there are many confusions between Interac Online and Interac eTransfer we need to clarify a couple of differences.
Interac Online is a middleman, being linked to the user’s bank account, and acts just like any other intermediate system by hiding all the user’s sensitive data.
It connects the user with the online vendor through Interac’s third-party window, therefore removing all the need to use anything other than the Interac account’s username and password.
This system is integrated with RBC Royal Bank of Canada, TD Canada Trust, First Nations Bank, and Dozens of Credit Unions.
Interac eTransfer on the other hand will help you make transactions right from your online banking page just like any banking mobile app nowadays. It comes with the added benefit of being integrated with all the Canadian banks and credit unions.
As you can see, even if different, both Interac payment services offer complete fraud protection by removing the need to use any of your sensitive information at Interac casinos or other online vendors.
As a second benefit, all the casino transactions leave no paper trail from the bank to the casino, being completely private.
BE AWARE
All the transactions of the group are done through Gigadat which is this payment system’s processing platform. Unfortunately, they brought some recent changes and removed some of the banks like CIBC and Scotiabank.
Luckily, if other “middleman” payment systems don’t allow you to make casino transactions without opening a dedicated account, you can do it with Interac Online or Interac eTransfer.
However, you need to be a Canadian resident to be able to use the Interac account.
The process is actually, pretty simple and takes place right at your online casino with no extra steps required.
As previously mentioned, there are a couple of differences between Interac Online and Interac e-Transfer.
While both can be used at online casinos, the first one allows you to make deposits right from your bank account using the companies platform while the second one will require you to log in to your bank account and make the transaction from there.
Due to the extra steps needed for Interac e-Transfer because you are required to make the casino transactions via an email address from your bank account, Interac Online is slightly faster.
If you are asking how to deposit with Interac at an online casino, we have prepared a step-by-step guide to guide you through the whole process.
Head to your Interac casino or pick one from our list if you don’t already have a gambling site to play at
Register and/or log in to your player account
In the banking menu, search for Interac Online as a deposit option
Enter the amount of cash you wish to deposit
A third-party window will open and you will be required to enter a couple of details
Confirm the transaction through the 2 step authorization factor
Your casino balance should be updated shortly and you will be ready to gamble in no time
Most online casinos will not usually offer withdrawals for most “middleman” payment options even if those options are available for deposits. Usually, when available Interact can be used for both deposits and casinos withdrawals.
The process itself is very simple and similar to depositing. Just in case you are wondering how to withdraw money from a casino using Interac, here is the breakdown guide.
Log into your casino account
Go to the Cashier section and select Interact from the lost of withdrawal methods available
Enter the amount of cash you wish to withdraw
Confirm the transaction and wait for the money to be delivered to your bank
Here, we need to mention a couple of factors, because, depending on your casino operator’s internal policy and the status of your Interac account, a password may be required or not in the process.
If this happens, a one-time, auto-generated password will be sent to your male and you need to introduce it when asked to be able to claim your cash.
As a company, Interac can cover through its services a wide variety of needs, leaving few players uncovered. However, there isn’t even one flawless casino payment system on the market because all of them are designed for a particular niche.
Just like any other payment method, Interac comes with its set of pros and cons that you can check for yourself in the table below.
PROS | CONS |
---|---|
A bank account transfer done through Interac Online or Interac e-Transfer is much faster than a regular bank transfer taking a couple of minutes to complete | Not all the banks and credit unions integrated on the Interac payment platform are available at all gambling sites |
Interac requires no extra steps to be used like a dedicated account and all the casino transactions, both deposits and withdrawals are very easy to make | Unfortunately, Interac has some geographical restrictions being available only for Canadian residents and can only be used with the integrated banks in the region |
All Interac services can be used on both desktop platforms and mobile devices like smartphones and tablets. This is very important because gamblers can make deposits and withdrawals at mobile casinos whenever they want from wherever they want | Whenever available for deposits, Interac is usually available for withdrawals also, however, if this does not happen, players are left with no choice but to pick a different withdrawal method |
All transactions done with Interac are completely anonymous leaving no trail and your sensitive information will be protected from any bad actor | Being restricted to Canadian residents, there are very few currencies supported |
Because Trustly is such a popular casino payment system in Europe you won’t have a problem finding gambling websites that accept it | If other payment methods require no fees, unfortunately, all transactions done with Interac have a flat $1 fee applied |
No matter what service you use from the Gigadat platform, whether it is Interac Online or Interac e-Transfer, casino transactions are incredibly fast and deposits only take minutes to complete.
When it comes to Interac withdrawals things are a bit different. As a rule of thumb, all casinos will verify your wins before allowing a transfer to make sure that the wins are legit, that nobody cheat and that the games didn’t malfunction. Only after this complex process is done, payments are allowed.
The problem is that each particular casino operator has a different period for these checks that may vary from merely hours to a couple of business days. This is independent of whatever casino payment system you may use and unfortunately, there is no way to speed things up, especially when it comes to big wins.
To ensure complete fraud protection for its players, Interac uses some state-of-the-art systems like a touch-id to verify your identity for each transaction, security questions, and the new EMV chip technology that makes it impossible for credit debit cards to be replicated.
In addition to the great technology used, the simple way Interac works is great protection itself.
By entirely removing the need of using your details or any banking information when you make a transaction, this payment system eliminates the possibility of a bad actor gaining access to your sensitive data.
Sometimes, having a lot of options available like the Canadian players do when it comes to Interac casinos can confuse new players.
Don’t worry, that’s why we are here! Our team of gambling experts goes through a complex selection and verification process to create and update the list of the best Interac gambling sites on the market and new online casinos.
In this list, you can see all the licensed and regulated online casinos that accept Interac transactions along with the bonuses currently offered at them, including first deposit bonuses and no deposit bonuses.
Because not all these gambling sites will fit every single gambler’s needs, it’s hard to say which one is the absolute best.
However, because we also take into consideration real players' reviews and ratings, you can sort the list by popularity to see which ones of these Interac casinos have been in the top preferences.
Interac is a great casino payment service for players in Canada, however, it has geographical and currency restrictions that make it unsuited for players in other parts of the world. Also, the flat $1 fee is something most small rollers and casual players tend to avoid.
Luckily, there are plenty of payment options on the market to choose from and you can easily find one in your area to suit all your needs.
If you like the increased security offered by Interac and you prefer casino transactions that leave no paper trail, you can choose one of the e-wallets found at PayPal casinos or Skrill gambling sites.
RECOMMENDATION
Keep in mind that some bonuses can’t be claimed with e-wallets like Skrill or Neteller.
Players that do mind the fees but don’t mind sharing a couple of banking information when they make casino transactions, can take a look at Visa casinos and Mastercard gambling sites as some solid options. They are still the top preferences when it comes to casino deposits and withdrawals, at least in countries where gambling is legal.
If you are not yet sure what casino payment options are available in your region or you wish to keep your options open, just take a look at our Banking options page and see all the payment methods available.
Unfortunately for this great payment system, only players from Canada can enjoy it. There are heavy geographical restrictions and even if the company has many decades on the market, they have no plan on expanding to other parts of the world.
If you are a Canadian resident, you are in luck because you will surely find an Interac casino to play at. On the other hand, if you live in other parts of the world, you will need to look for another payment option.
Now that you reached the end of our article and you know everything about what Interac has to offer and where to find the best Interac casinos you can just pick one of the gambling sites on our list and start gambling in minutes.
Don’t forget to check the offers available and maybe even claim a good bonus in this process.