Payments at online casinos using Interac
The best casinos offer players at least a few, and often more than a dozen different payment methods. Making a deposit is now easier and safer than ever. Canadian company Interac boasts 763 million online transactions a year and has signed up a number of casinos for Canadian players. Interac started out as an intermediary for debit card payments. Today, it helps customers make safe purchases in stationary stores and online. We are, of course, most interested in their activities in e-commerce and, in particular, in online casinos.
Interac - everything you need to know
The Interac Association was created almost 40 years ago, in 1984, when 5 different financial institutions in Canada came together to create a simple wire transfer system. Some casino names point to software manufacturers, such as Evolution Gaming Casinos. Interac casinos are different because their name comes from the name of the payment provider.
Although Interac operates as a debit card system mainly in Canada, many people around the world use it for electronic financial transactions. Its ease of use and uncomplicated sign-up process have made Interac widespread in Canada, and online casino players are also eager to use Interac.
Why use Interac?
Online casinos accept Interac because of the many benefits this payment platform offers. We will discuss them below. Offering favorable solutions for players, the payment system is very popular.
- Advantage #1 - Electronic transfers with Interac are easy. All you need is a Canadian bank deposit account, cell phone number or email address. Funding your casino account requires a few simple steps, with no need to create passwords or identifiers.
- Benefit #2 - You save time when using Interac. Notification is sent via SMS or email, which means you don't have to fill out pesky forms. Transfers are very efficient, and you can access your funds as soon as the transfer is approved.
- Benefit #3 - Your money is always safe at Interac Casino. This is a platform that does not require you to disclose your confidential bank account information. The automatic secret question further protects your account and prevents your deposits from being transferred to the wrong person.
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How do I make a deposit using Interac?
For e-commerce transactions, Interac offers two payment options: via mobile app or web browser, where the Interac card is used for Apple Pay, Google Pay and Samsung Pay, and "Interac Online" or bank payments online - no different than other intermediaries known in Canada.
You must have a Canadian bank account to make a deposit using this method. Interac Online is linked to the user's bank account and connects to the online casino through a web browser. Account holders at RBC Royal Bank of Canada, TD Canada Trust, First Nations Bank or one of the Canadian SCOCs will be able to make a deposit immediately. Interac eTransfer, on the other hand, works directly from your bank. Casinos often display an Interac symbol on the additional teller screen, and the choice of Interac Online and/or Interac e-Transfer will be available after selecting the bank where you hold your funds. After selecting Interac as your deposit method, you must select an amount. In the case of Interac online, the browser decides everything. In the case of an Interac wire transfer, Gigadat, which works with Interac and Canadian banks, will provide instructions on the email address to which the deposit should be sent, what information needs to be entered in the wire transfer to link it to your account, and answer a security question. The money should arrive in our casino account immediately.
Interac casino - what are the benefits?
Bonuses and promotions Interac casino
When online casinos try to encourage new customers to sign up and existing customers to remain loyal, they offer various incentives in the form of bonuses and promotions. More often than not, players are looking for free spins or extra money at a casino.
The variety and quality of games
The best online casinos usually offer a good selection of games. We rate Interac casinos not only on the choice of games, but also on their quality.
Interac Casino and Security
Both the online casino and the payment processor must ensure the security of the game and online payments. When you deposit money, you need to know that it is a secure process. This is why casinos with secure payment methods have the highest ratings.
Of course, there are many other aspects that we analyze, such as RTP odds, wagering requirements, speed of withdrawal and more. We analyze every little detail when compiling our rankings.
Advantages of using Interac
There is no perfect payment method. Interac is also not without its disadvantages. Let's take a look at the list of pros:
- No commission at most casinos
- Ease of use - all you have to do is log in through your browser or mobile app
- Speed - your deposit is instantly credited to your Canadian online casino account
- Security - reputable Canadian financial institutions support Interac
- Ability to pay in multiple currencies
- No restrictions on withdrawal of large winnings
- High anonymity - casino receives data from interac, not ours
- Convenient - you can recharge your account on the go or away from home
- A great method for those who live abroad
How do I withdraw my winnings with Interac at a Canadian online casino?
Go to the option "Cashier", select the appropriate method of withdrawal. Keep in mind that often casinos only allow withdrawals using the method you used to make a deposit! Then the casino will ask us for more details, such as account number or phone number - one or the other service must be registered in Canada. The waiting period of funds is very short, no more than half an hour. In a quarter of an hour we should already receive confirmation of the transfer of your winnings from the casino to your account.
Alternative payment methods for Canadian players
- Neteller is one of the favorite deposit methods among Canadian casino regulars. No wonder - in terms of speed and security it has no equal, and, perhaps, only Skrill casino can compete with it. Mobility, zero commissions, support for about 20 currencies from all over the world, easy management, excellent security features, instant deposit and withdrawal. And to top it all off - complete anonymity.
- Paysafecard - Almost every Canadian casino has Paysafecard among its payment methods. This prepaid card provides more anonymity and no security concerns. You only risk the amount you withdraw from the card - it also makes it easier to control your spending in casinos with Paysafecard. The downside? You can't withdraw your winnings using this method.
- Trustly (formerly: InstaBank) is an easy to use method that is no different from other electronic payment intermediaries. Authentication at Trustly casino is done via cell phone and in most cases we do not charge any fee. The ability to deposit as well as withdraw without delays is an undeniable advantage of this form of payment.