Interac has been around for a couple of years since its inception in 2018. Recently, players have started using this payment method at best online casinos Canada. However, there are still many Canadian bettors who are oblivious of this platform. This piece gives insight into how to use this funds transfer service in online casinos for pay-outs and pay-ins effectively. But before then, here’s a list of legitimate Interac real money casinos online in Canada.
Interac is an online payment processor created by Canadians. It’s an indigenous payment option utilized only in Interac casinos in Canada. The platform allows users to make payments directly from their bank to a recipient’s account (the casino). And this is done without the user having to reveal personal details. The payment platform is integrated into most Canadian online banking systems. This makes payment better, easier, faster, and much more secure.
Transfers via Interac can be made in two forms. There’s Interac Online and Interac e-Transfer. Generally, Interac e-Transfer is used to transfer funds between friends and family. You can use it in online casinos too. However, the downside to using an Interac E-Transfer casino is that the financial institutions associated with it are limited.
On the other hand, Interac Online is more popular and is widely optimized by most Canadian online casinos and banks. It logs you directly into your bank account and allows you to perform transactions from it. This form only serves as a gateway between you and your Canadian mobile casino online banking system.
Interac offers a seamless and convenient user experience, and we expect the service providers who integrate Interac to deliver the same level of quality. Our team of experts dedicates their expertise to thoroughly review each Interac service provider before recommending them to you. When evaluating Interac service providers, we consider the following factors:
By conducting thorough reviews and assessments, we aim to provide you with reliable recommendations for Interac service providers. Rest assured that our team diligently evaluates each platform to ensure authenticity and quality before presenting our suggestions to you.
Depositing using Interac is easy. The duration, though, is influenced by a few factors, like the form you intend to use and if you’re new to the payment provider. If you’re a newcomer, you’ll have to set up your account first before you can make a deposit. Since Interac Online is integrated with the majority of Canadian financial institutions and online casinos, it’s better to use this form.
After you make the selection, you will automatically be redirected to another page. You’ll be required to pick your financial institution from the list provided. Then, you will be prompted to log in to your account, select a low deposit casino amount and make the transfer.
While Interac is popular as an online deposit platform, not many people know that it can also be used for withdrawals. You should note that not all casinos have the payment platform available as a withdrawal method. So if you intend to use it for both deposits and withdrawals, please check that the online casino you play with allows it.
In this section we will provide you with a detailed video on how Interac works exactly and its inner workings in case you need any more useful information!
Since it’s an indigenous payment provider, Interac casino bettors enjoy many benefits when using it. First and foremost, the payment provider is fast and easy to use. Deposits can be made instantly, and withdrawals are processed in a few hours. Payment is also made directly to your bank account, which saves you the stress of having to make another transfer. Some other benefits include the following:
| Official Site | https://www.interac.ca/en/ |
| Mobile App | No |
| Withdrawal Time | 2-7 hours |
| Deposit Time | 10 minutes |
| Time To Set Up | 2-5 minutes |
| Minimum Withdrawal | C$50 |
| Maximum Withdrawal | C$25000 per transfer |
| Minimum Deposit | C$0.01 |
| Maximum Deposit | C$3000 per transfer |
| Suitable For High-rollers | Yes |
Interac has put in place the highest security measures that any online gambling payment provider can afford. Users are provided with several layers of security that make the platform unhackable. For a start, the gateway has a secure encryption technology. It safeguards transaction logs between user and recipient.
Next, the login process is very secure. Your user ID and password are issued by your bank or credit union. And unlike regular bank transfers, your ID and password are confidential. This funds transfer service completely removed the need to share your bank details with casinos. Additionally, you are allowed to set a security question. It serves as a form of identification whenever you use the platform. Once you provide the correct answer, the gateway authorizes your online transactions.
Canadian gamblers enjoy a world of luxury services with Interac. And these services are second to none within the country’s territory. While foreign payment options might come close, nothing beats the ease that this indigeneous funds transfer service affords. To prove this, take a look at these comparisons between Interac and other alternative payment providers.
| Mastercard | One edge that Mastercard seems to have over Interac is its global usage. Unlike Interac, whose services are integrated in Canada, Mastercard can be used in over 180 countries. But it cannot afford the confidentiality that Interac offers to its users. When using Mastercard as an online casino method, it will require that you furnish certain details. They include your card number, expiry date, and CVV. |
| Google Pay | Google Pay seems to be better than Interac in most ways. It’s fast, safe, available in most countries, and its services are free. However, you should note that Google Pay is not popular in most Canadian casinos like Interac. Also, Google Pay can only be used to make deposits, unlike Interac, which can be used for both deposits and withdrawals. |
| Flexepin | Flexepin hardly stands a chance next to Interac. First off, the registration process takes time and can seem somewhat complex. Also, the voucher can only be used for deposits and not for withdrawals. |
Interac is a popular payment method with its advantages and disadvantages when used in online casinos. Understanding the pros and cons can help you make an informed decision about whether to use Interac for your online gambling transactions or not.
Overall, Interac offers a secure and convenient payment option for online casino transactions. However, it’s important to consider the availability, withdrawal limitations, and verification process associated with using Interac.
So far, Interac seems to be the most viable payment provider for Canadian punters. Its services are indigenous as they are integrated into the mobile banking system of most Canadian banks. The onboarding process is also straightforward. And your transactions are safe and sound with multiple layers of security. What better service can a Canadian player ask for than the one available at Interac casinos?
