Interac is an electronic money transfer service, allowing Canadians to transfer money and make payments online. The service was first established in 2018 and has gone on to become one of the most trusted and easy-to-use online payment methods in Canada.
Along with many other Candian financial institutions, the big five banks all allow Interac payments to be made. In 2015, over 105 million Interac payment transfers were made, totaling over CA$44 billion in value.
On this page, you’ll find out:
- How to use Interac at online casinos
- Which Candian online casinos accept Interac
- The benefits of using Interac
Best Interac Casinos
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Interac at Online Casinos
Interac is one of the most popular payment types among Canadian gamblers because of how fast and easy it is to use. The service can be used to send and receive money, making it perfect for making deposits and withdrawals with minimum hassle. As traditional banking methods tend to be quite slow, Interac payments are often preferred because they’re fast as well as being safe and easy. It’s little surprise then to see so many Canadian online casinos accepting Interac as a payment method. You can see some of the best casinos that accept this payment method above.
How Does Interac Work?
Interac is incredibly easy to use, one of the reasons why it’s become so popular and widespread across Canada. You can use the service to make payments as well as receive money, with most transactions being completed relatively quickly. Here are the full details of how it works, including how to send and receive money using Interac.
How to Deposit Via Interac
Making a deposit using Interac is simple enough. The process is an e-transfer, meaning it’s handled electronically. So even though the money comes from your bank account, it can be done online and will be processed instantly. The casino you’re trying to deposit with will need to accept Interac as a form of payment method. Most Canadian online casinos accept it, but you should always check the accepted payment types when you first sign up or check our reviews.
5 Steps to Depositing with Interac
- Log into your casino account and go to the cashier section
- Select Interac as a deposit method
- Copy the details and open your online banking page or app
- Enter the details including the amount you’d like to send to your account
- Confirm the deposit and then wait for your funds to arrive in your account
How to Withdraw Via Interac
Withdrawing money from your casino account using Interac is just as simple as making a deposit. First, you’ll need to make sure that your casino accepts Interac payments. You’ll also need to check whether your casino will need to verify your details before you can make a withdrawal. Lastly, make sure that you’ve completed the wagering requirements of any active bonus. Usually, your bonus will expire if you try to make a withdrawal before completing any wagering requirements.
5 Steps to Withdrawing with Interac
- Log into your casino account and head to the cashier section
- Select the amount you’d like to withdraw and choose Interac as your method
- Enter your personal details
- Confirm the amount you’d like to withdraw and then confirm when you receive the message
- Wait for the funds to show up in your account
Interac Processing Times
One of the big advantages of the Interac payment service is that payments are completed much faster than traditional payment methods. In most cases, your Interac payment will be processed within 30 minutes, meaning you don’t need to wait around a long time for your deposit to confirm or the money to arrive in your account. This gives players more time to focus on what’s important, enjoying the casino games!
While deposits are normally handled instantly by casinos, some sites may take longer to process your withdrawal request. Depending on the casino, you might be waiting several hours or even a few days before your withdrawal is confirmed. Despite this, the Interac payment will usually always be confirmed within 30 minutes, so the wait is simply down to the casino.
Interac is a free to use service for the most part, although there is a small fee if you use the Interac Flash or Interact Cash services. The fees are a flat fee of less than CA$1 in both cases, however. Bear in mind that some online casinos may charge for withdrawals, so be sure to read the conditions before you deposit any funds to your account.
Which Currencies Are Available in Interac
As Interac is a Candian-only service, it only supports payments made using Canadian dollars. If you want to transfer another currency type, you’ll need to change it first or use a different payment service.
Interac Support
Because Interac payments happen through your bank, you can contact them if you have an issue with your Interac e-transfer. However, Interact also provides customer support if you’re having trouble sending or receiving a payment while using the service. You can find out details of how to contact them by email on their website. This site also offers further information on using Interac to make fast and simple payments. There’s also a dedicated email address for reporting phishing scams which are rare but can happen.
Safety and Reliability of Interac
Interact is a highly reliable method of transferring money and payments are almost always processed on time. The network has suffered very little downtime since it was established, ensuring that people can make transfers whenever they need to.
As for security, Interac has a high level of trust since banks use it. There are some concerns over phishing attacks, which involve people trying to guess the security question used during a transfer to steal money from users. These attacks are fairly rare, but Interac has set up a support email to track and record any instances of potential phishing attacks as well as giving advice to victims.
Interac provides a higher level of security than credit or debit card payments online because unlike with those, there’s no need to enter all of your details. You simply provide your bank account number, which can’t be used to access any of your money without authorisation.
Interac: Safe and Simple!
Interac combines ease of use with fast payments and good security to provide a simple and safe payment service. It’s little wonder that so many Canadians use this service to pay for services and goods online or send and receive money. Most online casinos also accept Interac payments because of how popular it is, and it’s one of the most common ways for Candian gamblers to make deposits and request withdrawals.
In our top list, we’ve included some of the very best online casinos that accept Interac payments and provide good bonuses to players. Take your pick from any of the casinos on our list to find a site that accepts simple and safe Interac payments.
Interac Online Casinos FAQ
What’s the maximum deposit and withdrawal limit using Interac at casinos?
The minimum and maximum deposit and withdrawal limits are dependent on the casino you’re using. Most online casinos tend to have a minimum deposit and withdrawal of CA$10 but the maximum could be anywhere between CA$2,000 and CA$50,000 depending on the site you use.
Can you claim a casino bonus using Interac?
Yes, most online casinos that offer bonuses will allow you to claim the bonus using an Interac payment. Although there are sometimes restrictions over which payment method can be used to unlock a bonus, Interac is not usually included in restrictions.
Does Interac charge fees for deposits or withdrawals?
Some fees can apply when requesting a withdrawal using Interac, but the service is free to use in most cases. If you’re unsure, contact your bank and check to see whether you’ll be charged for your transaction.
How long does it take for Interac casinos to payout my winnings?
Again this depends on the casino you’re using. Interac is capable of processing transfers instantly, but most online casinos will take a short time to process the payment on their end. The casino must check and authorize the transaction, and in most cases, this will take a few hours to one working day.
