Interac is one of the top payment methods that are being used at online casinos today. You can find many licensed and regulated sites supporting Interac transactions and will be able to make secure payments to engage in real money gambling. The best websites use enhanced security measures to ensure your protection. With the best Interac online casinos, you will find it easy to manage real money accounts while having access to some of the best games online.
With the ability to conduct a deposit using Interac as well as a withdrawal, this banking option is a great choice for any player that does not wish to use credit cards. Read on to learn more about using this secure method and see how you can benefit from playing at leading casino sites that welcome the use of Interac. Canadian gamblers have been relying on this secure method for many years and it is supported at websites that are licensed and regulated in Canada as well as many offshore casinos.
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As an online gambler, you will want to make sure you are choosing a casino that provides safe and secure payment methods. When you choose to play at any site that makes use of Interac, you will be able to conduct an instant deposit and request a fast withdrawal of funds. Here, you can learn all about this company and how to start using the method at your casino of choice. With hundreds of websites available and many top-rated games to choose from, you can quickly get started funding a real money account and enjoying your chance to be the next big winner!
All About Interac
|Deposit Time:||4-6 days|
|Withdrawal Time:||1-3 days|
|Number of casinos:||10+|
|Alternatives:||Instadebit, ecoPayz, eCheck|
Interac is one of the oldest payment methods being used by Canadian gamblers and it was founded back in 1984. It began as the a debit card system in the country and later added services that allowed gamblers to engage in real money play online by making transfers of funds. Today, this service provides classic debit cards, secure online bank transfers, and even mobile payment options. It is integrated with Samsung, Google, and Apple Pay, making it one of the best choices for Canadian players.
As a Canadian company, this service deserves your trust to deliver top-notch security and excellent customer support. For more than 30 years, this company has been offering safe financial services and is known to have one of the lowest fraud rates globally.
Here, you will learn all about Interac casinos and how you can get started conducting secure payments. Offering fast and easy transactions, this payment method provides a simple way to manage funds while enjoying games from leading developers, all from the comfort of your home or when using your mobile device anywhere you want! Interac was recently chosen as the Most Respected Technology Service Provider in 2021. Based on a public opinion survey, this is one of the most trusted and reliable methods of payment available in the country.
How to Deposit Using Interac
When you are ready to engage in real money play, you will first find a licensed casino site that supports the use of Interac.
- After registering an account, head to the casino cashier, where you can select Interac as your payment preference.
- Players will have to enter the amount they wish to deposit at a casino that accepts Interac.
- After this information is entered, you will be required to select your bank to transfer funds from.
- Once selected, you will be directed to the online banking platform.
- Here, you simply log in to the account to confirm the transfer of funds.
It is important to note that not every bank or credit union will be supported. Only the major banks in Canada offer Interac payments, such as RBC Royal Bank, TD Canada Trust, or First Nations Bank of Canada. Once you have accessed the online banking platform, you can confirm the transaction and will receive a receipt. Funds will be instantly transferred to the casino account and you can start wagering on supported games right away.
How to Withdraw Winnings with Interac
One of the great things about online casinos that accept Interac is that most will also allow for withdrawals to be made.
- You will just go to the checkout section of the website and click on withdraw.
- If this is the first withdrawal being made, the casino may request documentation before the transaction can be processed. This can include proof of identity, proof of address or proof of payment method.
- Once all information has been submitted, the site will review and approve your request.
Withdrawals with Interac are usually instant, so the funds will be directly transferred from a casino account to the selected bank account.
When you’ve been dealing with online casinos for a long time, you will find that most casinos have a pending period when a withdrawal is requested at the best Interac online casinos. During this time, the request is reviewed and your account is also reviewed to make sure it is in good standing. This process can take anywhere from 24 hours to a few days, depending on the site you’re playing at. The best sites will process payments as quickly as possible and once approved, you should receive your funds in a matter of minutes.
Minimum Deposits and Fees of Interac Payments
When making a deposit, you will want to pay attention to the minimum deposit requirements. These will vary with every casino. Some sites will have a minimum of $10 while others require at least $25 to be deposited. The amount required may also be higher if you are redeeming a bonus offer. The required deposit amount for bonuses will be detailed in the terms of the promotion, so be sure to pay attention to this if you are looking to get bonus funds. When using Interac, you will have to deposit at least $25 regardless of the stated minimum at the casino. This is a new limit that started in January 2020, when transfer amounts were reduced from a minimum of $75.
As for the fees, the best Interac casino sites will not charge any fees when you conduct a deposit or a withdrawal. However, your bank may impose fees when you are making transfers. Most banks will charge a small amount for deposits that can range from $1.00 to $1.50. The fee will not increase when making larger deposits. There will also be a withdrawal fee and most banks will set this at $4 per transaction.
Safety and Security
Security is the main concern for players and they all want to make sure that any payment made to a casino site is completely safe. Interac uses the latest encryption technology to make sure all transactions are completely secure. This company does business with more than 250 banks throughout Canada, so you can be sure they are always using the latest technology to provide the best levels of security. Safety protocols are always being updated to ensure they meet industry standards and legal requirements.
When playing at an Interac casino, you will have limited risk. The company offers a great Zero Liability program. This means that if your account is hacked or you’re are a victim of fraud, you are eligible for a 100% reimbursement. Every transaction that is conducted using this top-rated payment method is done using encryption software, just like that used by your online bank. This ensures the protection of your sensitive details and helps to prevent any cases of fraud. Interac also uses security questions. When making any transfer, users will have to provide the answer to this before proceeding with any transaction.
Who Can Use Interac?
Despite being accepted at leading international casino sites, Interac is not a payment option for all players. This service can only be used by people who have a valid and active bank account with a Canadian bank. This does not mean that users have to be residents of Canada, but they do have to have an account in the country. Since all transactions occur in Canada, you will only be able to process payments using Canadian Dollars.
Gamble with Interac: Pros and Cons
When using Interac, you will find there are advantages along with disadvantages. We highlight these here so you know exactly what to expect when gambling for real money. As a player, you want to make sure you are using a method of banking that offers fast and secure payments and allows you to engage in the exciting games you enjoy. With Interac, you will have this option! Check out the pros and cons of this method and see whether it is a good fit for your gambling needs.
Interac Payment Alternatives
Thousands of residents in Canada use online banking and mobile banking, allowing them to easily access Interac casinos. Statistics show that 76% of Canadians use online banking for purchases or bill payments. However, there may be a case where players wish to use alternative methods. If they are playing at an offshore casino that does not accept Interac, they will have to choose from a list of alternative payment options. Even though Interac is one of the safest ways to make casino deposits, there are other secure options that can allow for the management of accounts while providing enhanced security measures. If you do not have a bank account in Canada or are playing at a site where you cannot use Interac to conduct a payment, check out these great alternatives. You will find these supported at just about every casino in the industry, so there are great options for being able to make quick payments and withdrawals.
Credit cards are one of the more popular methods for gamblers worldwide. Since many players already have a credit card, they are able to conduct payments to a casino account with ease. Most casino sites will allow for transactions to be made using Visa and MasterCard, but there are also sites that will accept American Express or Discover. When using credit cards, your deposit will be charged to the bank account and you will have to pay the amount at the end of the billing cycle. One issue with this alternative payment method is that you may not be able to conduct a withdrawal. Some casinos do not support the use of cards when removing funds from an account.
E-wallets are the number one alternative for gamblers and there are many options that can be used by players worldwide. With an e-wallet, you will open an account and then fund that account using a bank account or a credit card while paying a small fee. You can then transfer funds from the e-wallet directly to an online casino. You will also be able to conduct secure withdrawals using these options and there are usually no fees involved.
Neteller is one of the oldest e-wallets still used today. This service became available in 1999 and is supported by thousands of casinos around the world. Offering free deposits and withdrawals from casino accounts, Neteller is a safe and easy way to manage funds. In addition to Neteller, many sites will also support the use of Skrill, which was initially called Moneybookers. The services are quite similar. Skrill started offering services in 2000 and can be used for instant deposits and fast withdrawals at leading casino sites.
There are a number of e-wallet options that are available today and you will find that many operating websites will support a variety of these options. Here are a couple of best e-wallets on the market:
- MuchBetter – This is one of the newer e-wallets being used by gamblers today and has been available since 2015. It is a preferred option for gamblers from India but can be used by residents in many other countries. MuchBetter deposits are instant and withdrawals can take between 24 and 48 hours to complete.
- EcoPayz – Since 2000, EcoPayz has been offering global payments to online casinos. You can enjoy instant deposits and fast withdrawals using this secure method. EcoPayz uses top-notch security protocols, and you will find this method being supported at many of the top-rated casino sites online. EcoPayz also has a rewards program, offering five tiers that can deliver exclusive benefits to users.
- PayPal – Known for offering safe and secure transactions, PayPal is regarded as one of the best e-wallets in the industry. It has been offering payment services for more than 20 years. You can manage your account 24-hours a day on a desktop or mobile device and will be able to make instant deposits and withdrawals with no fees charged by the casino.
- Trustly – This is considered to be an e-wallet, but has unique features. Instead of being able to store funds, Trustly accounts are simply used as a channel to transfer money. Funds are directly transferred from an online bank, offering fast and secure deposits as well as quick withdrawals. There are no fees involved when conducting payments to an online casino.
Prepaid cards are quite easy to use and can be purchased at a local retailer or online. Like with credit cards, you will find that online casinos will not conduct withdrawals to a prepaid card. This method can only be used to make a deposit. Prepaid cards are best for those that have a limited budget and are making smaller transactions.
Popular cards like Paysafecard and Flexepin will have limits, meaning you can only buy a card with a certain amount of money. The maximum is generally $100. If you wish to make a deposit to a casino for more than this amount, you will have to purchase multiple cards. Prepaid cards are safe and secure as they are all issued with a unique 16 digit voucher code. This must be entered at the casino when using the card.
If you do not have a bank account or a credit card, a prepaid card is the safest option for engaging in real money play online. You will find that most Canadian sites offer some options for prepaid cards and your deposits will be processed instantly with no added fees. These options are perfect for those that want to stay anonymous when playing online. Also, you can try legit online casino instant bank transfer option.
Interac Casinos FAQ
Is Interac a safe option at casino sites?
- Absolutely! Interac is one of the safest online banking methods that can be used by Canadian gamblers. Each online casino will have security measures in place and Interac has its own, adding to the levels of protection. All of your transactions are encrypted to ensure safe deposits and withdrawals and you will also benefit from the use of security questions when approving any payments.
Can I make instant withdrawals?
- Yes, they’re available. Many sites that support Interac offer an instant withdrawal option. With this, the pending period is eliminated, allowing you to instantly remove funds from a casino account. Instant cashout casinos that do have a pending period will often approve payment in under 48 hours. After that, your funds will be instantly transferred to your bank account.
How does the deposit process work?
- Making deposits with Interac is safe and simple and you can enjoy instant transactions. After registering, you will select Interac from the list of payment options in a casino. There will then be a list of banks to choose from. Locate your bank and you will be redirected to the online banking page. Here, you can complete your deposit by confirming the amount you want to send to the casino. Once done, funds are sent instantly and you can enjoy a plethora of games at the casino of your choice.
How to find casinos supporting Interac?
- You can easily find casinos by searching for sites that are licensed in Canada. These will be licensed by the Kahnawake Gaming Commission. Just about every Canadian casino will allow you to make secure payments using Interac. There are also a number of offshore sites that welcome Canadian players and will allow you to make an instant deposit using the option. Some of these sites may not support withdrawals though.
Are there Interac casino bonuses?
- Yes. When you register for a new member account, you will be able to redeem any of the bonuses listed on the casino website when you have funded an account using Interac. You may even find sites that welcome you with a no deposit bonus! Most offers will be match deals where you will receive a percentage of your deposit in bonus funds. Any qualifying Interac deposit will allow you to take advantage of listed promos and earn free cash and free spins.
What are the main benefits of using Interac?
- There are many advantages to using this payment method at an online casino and the main one is the level of security. Players will also benefit from not having to provide any financial details to a casino site. With fast and secure payments and withdrawals supported, playing at an Interac casino can offer a rewarding experience with no worries about your banking information being exposed.