Interac is an e-Transfer payment solution that offers robust security and allows customers in Canada to easily tap into online casinos. In fact, Interac online casinos are accepted by the country’s Big 5 banks and numerous other financial institutions. Like other e-transfer platforms, Interac allows customers to efficiently move money between their bank account and pay for services and products.
Online casinos that accept Interac are becoming increasingly popular in Canada and the platform is known for its safety and fast transactions. Furthermore, Interac gives iGaming players more control over their bankroll and casino spending. Read on to find out everything about using an Interac online casino and what the benefits of this payment method are.
In Canada, Interac is an established name in the online gambling realm and has been serving iGamers for years as a notable payment option. One of the clear advantages of the system is the ability to keep financial and personal details anonymous.
Interac is a hugely popular e-Transfer solution and handled over 6.6 billion transactions in Canada during 2018. Since is debuted in 1984, Interac has become a trusted payment source and is a leading banking method for online casinos and other online payments. Its enduring popularity has been built on a reputation for superfast transactions and an excellent customer support framework.
If you are in Canada and want an easy to use online casino payment method, Interac is a good choice. Of course, the limitation here is you’ll need to live in Canada as there are no Interac casinos outside the country.
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All top online casinos in Canada support INSTADEBIT, making it a favourable payment method amongst gamblers in the country. In general, online casinos support payment platforms that are legitimate and don’t have specific policies to block secure payment services. With that in mind, INSTADEBIT is used by most online casinos in regions where the platform is available… which is mostly in Canada.
Interac has been in operation for 30 years and works with the largest financial institutions in Canada, making it one of the most trusted resources for online casino deposits and withdrawals. Over 250 banks and other financial organizations work with Interac. For customers, this means you know you are getting fully regulated security measures that meet the high standards of international banking laws.
On a consumer level, Interac is valued by iGamers because it allows for virtually anonymous payments. When you complete a transaction at an Interac online casino, your personal and financial details are not shared. The company has a Zero Liability feature that protects customers should the worst happen. With this benefit, losses are protected and returned.
“Interac continually evolves and provides e-Commerce businesses with the tools to safely stay ahead of the curve:
Depositing money at an Interac online casino is an easy process but it is slightly different to other payment methods. Specifically, the process is different from deposits made with other e-wallets. You can deposit at an online casino that accepts Interac by following the steps below:
Head to the cashier section of your online casino.
Select “Deposits” from the options.
If your online casino supports Interac, select it from the list of payment methods.
Take note of payment information and head to your online banking.
In your online banking backend, input the details of the casino and choose which bank account you want to transfer from.
Decide how much money you want to deposit and complete the transfer.
Wait for the funds to appear in your online casino account (it’s usually instant).
Some Interac casinos will only allow you to deposit money and not withdraw. However, other venues will support both deposits and withdrawals. Below are the steps for withdrawing winnings at an Interac casino:
“The continued adoption and significant year-over-year growth of Interac e-Transfer demonstrates Canadians’ preference for convenient digital money transfer services like Interac e-Transfer as an alternative to cash or cheque,” Anurag Kar, director of digital push payments at Interac.
Interac is one of the safest payment solutions at an online casino because it combines many benefits. You have the anonymity of e-wallets like PayPal and NETELLER, the security of traditional banking services like credit cards, and the ability to control your bankroll. However, there is one clear limitation when looking for an Interac online casino… It is only available in Canada.
If you’re not living in Canada, you will need to look for an alternative to Interac. Luckily, you won’t have to look far because casinos work hard to ensure iGamers have a wide selection of payment methods. Almost every online casino in the world accepts payments through traditional methods like bank transfer, credit card, and debit card. An increasing number now accept services like PayPal and NETELLER, while many online casinos are also embracing cryptocurrencies like Bitcoin (BTC).
It is worth checking with your online casino if they support any of these Paysafecard alternatives:
Safety and Security
Before we recommend an Interac online casino, we always check the venue adheres to numerous security and regulatory standards. For example, does the casino have compliance with international banking laws? Does it have a reputation for keeping patrons’ details and money safe? Is the casino licensed and regulated by a recognized gambling authority?
Deposit and Withdraw
A big part of understanding the pros and cons of an online casino that accepts Interac is to become a playing and paying member. Our review teams deposit money into the online casinos we test. Moreover, we play across a variety of casino games like slots, poker, roulette, and others. Next, we withdraw any winnings we make to put payment methods to the test. Finally, we connect with customer support to ensure the casino looks after its clients in the best possible way.
Interac is a stellar e-Transfer solution that adds security and efficiency to traditional bank wire transfers. It is widely supported by major financial institutions and is supported by many of the top online casinos. However, it is worth remembering Interac is only available in Canada and cannot be used by iGamers outside the country.
We would love to hear your feedback on using Interac for your casino transactions, so please feel free to email us, and we’ll add your information to our review pages!
