Gambling with Interac
Interac is a Canadian financial company that provides a range of payment solutions, including Interac Online, Interac e-Transfer, and Interac Cash. These payment services allow individuals and businesses to make safe and convenient transactions, including money transfers and online payments. Interac Online is a very popular choice among Canadian online casinos as a payment method.
Here is a table with information about Interac and Interac casinos:
| Company Name | Interac Corporation |
| Founded | 1984 |
| Number of Casinos | Many major casinos |
| Available Currencies | Canadian dollar |
| Best Casinos with Interac | Jackpot City, Lucky Luke, Rizk |
| Number of Users | 15 million |
| Minimum Deposit | C$10 |
| Max. Bonus | Varies by casino |
| Deposit Alternatives | Paysafe, Google Pay, Apple Pay, Neteller, Skrill |
| Website | interac.ca |
Differences Between Interac Online vs Interac e-Transfer
Before you decide to visit an Interac casino and start playing real money online slot machines or other casino games there, you need to learn the difference between Interac Online and Interac e-Transfer.
Interac Online and Interac e-Transfer are both payment methods that are offered by Interac. The main difference between them is how the payments are processed:
Interac Online is a real-time, online debit payment service that allows you to pay for goods and services directly from your bank account. It is used for web purchases and is similar to online banking.
Interac e-Transfer is an email or mobile-based internet transfer service that allows customers to receive and send funds directly from their bank accounts. It is used for person-to-person transactions and is very similar to wire transfers.
How Do Interac E-Transfer Casinos Work?
Interac e-Transfer is a payment method specifically made for Canadian residents that allows secure and convenient internet money transfers directly from a user’s bank account to the recipient’s bank account. Its modern encryption technology, zero liability standards, and state-of-the-art fraud detection system are there to make sure your transactions are always safe.
To use Interac e-Transfer at an online casino, a player simply needs to have an account at a Canadian financial institution and select Interac e-Transfer as their preferred payment method on the casino’s cashier page. The player then enters the required info, such as the email address or phone number and the exact amount to be transferred, and the funds will be deposited into the casino account almost immediately. This ease of use makes Canadian Interac casinos a popular choice among gamblers.
Are There Any Fees and Limits at Interac casino?
The fees and limits you might encounter when you gamble at Canadian Interac casinos may vary depending on the bank or financial institution that is offering this service. Some banks may charge a fee for using Interac, while others may not.
Also, some banks may have limitations on the amount of money you can transfer with Interac. It is best to check with your bank or financial institution to find out what fees and limits apply in this case. Lastly, make sure to also check with the casino what their limit is, as they can vary too.
How to Make a Deposit Using Interac Online casino
As you already know by now, Interac provides you with a secure and fast way to transfer your money from your bank account to the internet casino you are using. Here is our step-by-step guide on how to make a deposit at an Interac online casino:
- Create an account at a casino that supports Interac.
- Go to the casino’s cashier page and choose Interac as your deposit method.
- Enter the amount you want to deposit and click on the “Deposit” button.
- You will be transferred to your online banking portal where you will need to sign in with your credentials.
- Review and confirm the deposit, and submit the transaction.
- Once the deposit is finalized, the funds will be added to your casino account.
- It’s important to remember that you need to have a Canadian bank account, as Interac is only available to Canadian residents.
If you use Interac e-Transfer, the deposit is made in a similar way, but when a player is redirected to the Gigadat page he should remember/copy the email address and an answer to the secret question. This is the only difference.
How to Withdraw Your Winnings Using Interac Casinos
Withdrawing funds from online casinos that accept Interac is quite a simple process that can be completed in just a couple of straightforward steps. Here is how you can do it:
- Log in to your casino account and navigate to the “Cashier” or “Banking” section.
- Select “Withdraw” and choose Interac as your desired withdrawal method.
- Enter the amount you want to withdraw and click on “Submit.”
- Add the required information, such as your bank account number.
- Confirm the withdrawal, and then wait for your funds to arrive.
- Please bear in mind that withdrawal times may vary depending on the online casino and your bank.
Funds are delivered to the player’s balance rather quickly but there might be some delays caused by the pending time needed by a casino to review the cashout application. Some casinos may apply extra fees on payouts too.
Supported Banks
It is predictable that not all banks support Interac Online payments but Canada has its Big Five Banks that serve most of the clients in the country and three of them have partnered up with this electronic banking option to guarantee fast and simple online payments. The list of banks looks as follows:
- RBC (Royal Bank of Canada)
- TD Bank (Toronto-Dominion Bank)
- BMO (Bank of Montreal)
- CIBC (Canadian Imperial Bank of Commerce)
- Scotiabank (Bank of Nova Scotia)
If you use Interac eTransfer casino for gambling, there is a much bigger number of financial institutions that support this option. You can check the list of banks that accept Interac e-Transfer here.
Popular Casino Games with Deposit With Interac
Online casinos offer a wide variety of games that players can enjoy, and many of them accept Interac as a deposit method. Here are some popular casino games that players can play with a deposit made using Interac:
Online Slots: Online slots machines are among, if not the most popular games in online casinos. They are usually easy to play and come in a huge variety of themes and styles. Players need to spin the reels and hope to match symbols to get a nice prize.
Online Roulette: This classic casino game involves a spinning wheel with numbered pockets and a very small ball. Players need to place their bets on the numbers, colors, or their combinations that they think the ball will end up landing on.
Online Blackjack: This popular card game is also a favorite among casino players. The main goal of this game is to get a hand with a higher total value than the dealer’s hand, but without going over 21.
Online Poker: Poker is a famous casino card game that can be played online with people from all over the globe. Players attempt to make the best hand by using the cards in their hand and the ones on the table.
Why Choose Casinos That Accept Interac
Do you think about choosing an Interac casino but still have some doubts? Probably, these benefits of an online casino that accepts Interac will encourage you to make the final decision in its favour.
- Safety & Security.
- The first thing we check is if the casino we are reviewing has obtained the necessary licenses and certifications, as well as if it uses top-of-the-line encryption technology to protect the information and transactions of its players.
- Anonymity.
- Interac users do not need to share any sensitive data when they send or receive money, and it allows them to stay confidential each time they buy anything or deposit funds to the casino. It often happens that gamblers do not wish to provide their personal information or financial details and it is possible in Interac online casinos as well.
- Deposit and Withdrawal Limits.
- In fact, Interac does not apply any limits to electronic money transfers. However, players can still be limited by a minimum and maximum amount which is set up by the financial institution. At the same time, these limits are quite high since many banks allow sending up to $2,000 per transaction.
- No bank rejections for gambling transfers.
- The main benefit of playing in a casino that accepts Interac is no sense to worry when you withdraw your winnings. There are financial institutions that can reject the receipt of funds sent from gambling companies considering it an unreliable source. However, the fact that Interac uses a third-party service such as Gigadat, prevents banks from these rejections since the source of funds is this intermediate company.
- Instant and free.
- The speed of transactions is another benefit of Interac. When a gambler accesses a casino, Interac online payments can be processed in a couple of minutes. It is enough to enter a few details and funds are delivered to the casino balance immediately. There are no delays and hidden fees too. Both Interac online transfers and withdrawals are free, so if players face any extra charges, they are taken by a casino or financial institution.
- Popularity.
- It goes without saying that Interac is the number-one payment solution in Canada. It is suitable both for physical and online payments, so it is predictable that many online casinos that welcome Canadian players introduce it too. Being a widely accepted banking option there are even platforms that offer different types of this payment method, so it is necessary to be attentive selecting Interac from the list.
Benefits & Drawbacks
Finding a perfect banking option is nearly impossible, and the same applies to online casinos that use Interac. As we’ve analyzed at Gamblorium, this payment method, while popular, is not flawless and has its own set of pros and cons. Here is a detailed comparison to help you understand both the benefits and drawbacks of using Interac:
| Benefits: | Drawbacks: |
|---|---|
| Quick processing time. | Possible phishing because of the connection with email. |
| Secure and safe. | Only available in Canada. |
| No need to share your credit card information. | Not supported by many online casinos. |
| Widely accepted in Canadian online casinos. | |
| Prevention of withdrawal rejections. | |
| Instantaneous deposits. | |
| Eligibility for bonuses. | |
| Support both for deposits and withdrawals. |
Bonuses in Interac Casinos
Many Interac e-transfer casino sites in Canada offer bonuses to players who make a deposit using this payment method. These bonuses are available in a variety of forms including these:
| Welcome bonus | This particular casino bonus is given to new players who create an account and make their first deposit. It can be a percentage of the deposit amount or a specific amount. |
| No deposit bonus | Some internet casinos will offer a nice bonus to players who create an account, even if they don’t end up placing a deposit. These no deposit bonuses allow you to try out the casino’s games without any risk. |
| No Wagering Casino Bonus | Considering that these bonuses come with zero wagering requirements, this basically means that you are free to withdraw your winnings as soon as you win, without having to meet any kind of conditions. |
| Free spins | The vast majority of internet casinos offer bonus spins for certain slot games as a bonus for making a deposit with Interac. These free spins give you a chance to win a nice money prize without putting any of your funds at risk. |
It is worth noting that all bonuses are provided to players with the exact wagering requirements. It means that bonus money, winnings and free spins must be wagered the exact number of times set by the Interac casino and they are available only within a limited period of time for use.
How We Rate and Review Banking Methods
The number of payment methods offered by online casinos is growing together with the number of gambling platforms, so the choice gets more difficult every day. Therefore, Gamblorium experts analyze and rate the most popular banking solutions used by gamblers nowadays. Our goal is to provide unbiased and detailed reviews of the latest payment options and make conclusions if they are a good fit for casino players. We have a team of trusted experts who collect actual facts and learn a lot of features to evaluate the level of security, convenience, fees, and other important things of every banking solution. After that, they compile well-structured and trustworthy reviews so that gamblers could see all the pros and cons as well as decide whether a payment method is suitable for their personal use.
Expert’s Opinion + Tips
I have tried a lot of payment options but none of them can secure gamblers’ withdrawals as much as Interac. How often do transactions made from online casinos get rejected by banks, and players can’t receive their winnings? However, if a Canadian gambler decides to deposit and withdraw funds with Interac, he is absolutely protected from such unpredictable consequences. I believe it is a feature that makes an online casino accepting Interac outstanding. One more thing I like about Interac is its excellent security measures: players feel protected using this banking option and that is very important!
Alternatives to Interac at online casinos
There are several alternative payment methods to Interac for online gambling. Some other popular payment methods at Interac casinos in Canada are:
Paysafe: Paysafe is a prepaid card or digital wallet that allows you to make your online payments without the need for a bank card. This can be a very good option for those players who prefer not to disclose their personal or financial information on the internet.
Google Pay: Google Pay is a well-known digital wallet and online payment system. It allows online payments, both in-store and on the internet.
Apple Pay: Apple Pay is an e-wallet and online payment system developed by Apple Inc. With it, you can also make in-store and online payments.
Neteller: Neteller is yet another popular e-wallet that allows users to make online payments and transfer funds to other Neteller users. It’s a very common choice among online gamblers because of its fast processing times and high level of safety.
Skrill: Skrill is another e-wallet with which you can make online payments and transfer money to its other users. It’s widely accepted by internet casinos and promises fast processing times and strict security measures.
Summary
Interac is a popular payment method for Canadian players at online casinos, as we’ve thoroughly analyzed at Gamblorium. It offers a high level of security, convenience, and fast processing times. However, it is limited to Canadian players and not all Canadian banks support it, also some casinos may not allow withdrawal via this payment method.
All in all, Interac is a good and reliable payment method for those people who want to play real money casino games online. While the number of Interac online casinos in Canada keeps growing, there are alternative payment methods, such as Paysafe, Google Pay, Apple Pay, Neteller, and Skrill, which are also available for online gambling.
FAQs
Can I get a no deposit bonus at an online real money casino with Interac?
-
Yes, certain Canadian Interac casinos offer a no deposit bonus.
How to choose a casino with Interac?
-
If you want to play at a reliable and trustworthy Interac casino, choose one of the casinos from our list. They are all reputable and hold the necessary gambling licenses.
What minimum deposit is available with Interac?
-
The minimum deposit you can expect to encounter at Interac casinos is C$10, but that varies from casino to casino.
What are Interac e-transfer Fees?
-
Interac e-transfer fees vary depending on your bank or financial institution and the casino you are gambling at.
Are Interac Online Casinos legal in Canada?
-
Yes, Interac online casinos are legal in Canada, as long as they have the necessary licenses.
