The Interac casino is getting more and more popular for online gambling. It’s a specific online payment option for Canadian casino players, which works like a debit payment service. The Interac® E transfer system is highly secure, and it’s accepted by the most important banks and dozens of credit unions in Canada.
The fact that it works like a debit payment method is beneficial for those who want to control their gambling habits. You don’t have unlimited resources on your Interac card, so you can control yourself when using it to play.
List of Best Interac Casinos 2019
Some of the best real money online casinos in Canada include Interac in their banking options. The method is good for both deposits and withdrawals.
Benefits of Gambling at an Online Casino with Interac
The greatest advantage of using interac e transfer casinos instead of other debit cards, e-wallets, bank wire casinos and credit cards, is that the transactions occur instantly. It doesn’t take hours or days; you will see the money in your balance as soon as you deposit them. That’s an important requirement for players who want to play gambling games for real money. They want to start while the enthusiasm still lasts.
Another thing to mention is that Playamo, Casimba, CasinoChan, and many other top Canadian casinos accept this banking method. You can use it for playing through desktop, desktop app, or a mobile casino Interac for Canadians.
Since it’s an online payment method developed for Canadians, you’re playing with Canadian dollars. So, you face no conversion fees, which is another thing that goes to Interac’s advantage.
What Is Interac? How Does the Interac E-Transfer Casino Work?
Interac was developed by the Interac Corp., a Canadian payment brand that’s used over 16 million times per day for paying and exchanging money.
It’s a very simple system connected to your bank account. But it’s way more secure than your usual debit card, since it implements world-class encryption technology, zero liability standards, and state-of-the-art fraud detection systems.
There are a few solutions provided by the brand:
- Interac Cash – a solution that lets you withdraw cash from Canadian ABMs
- Interac Flash – a contactless debit card
- Interac Debit – a Canadian debit card service that you can use across many points of sale
- Interac Online – this is the method preferred for real money online casino using Interac; it enables you to make secure online transactions from a banking account
- Interac E-Transfer – a method for transferring money from one bank account to another, and also preferred for online gambling
The E-Transfer is available at over 250 financial institutions, including RBC Royal Bank of Canada, LaHave River Credit Union, TD Canada Trust, LeRoy Credit Union, First Nations Bank, and many others. Gigadat, a company offering safe online banking methods for Canadians, also works with Interac. So, if you find a Gigadat casino, you’ll be able to use your Interac account at that website.
Interac Casino Bonuses
All bonuses available for any other casino banking method will be available if you use Interac. Casimba, as one of the best Interac online casino options, offers you a 200% match on your first deposit (up to $5,000), plus 50 free spins.
All other online casinos offer bonuses for gambling deposits in Canada. You’ll get a deposit match as a new user, but you’ll get membership benefits if you become a loyal gambler there. Members get free spins on the coolest slots. They also get additional bonuses, depending on their membership level. Of course, the program depends on the casino you choose.
That’s good news, right?
About the Interac Gambling Deposit
What’s the first thing you think about when you’re about to start gambling online? You want to find a safe online payment service, right? Casino Interac deposits are completely safe and reliable. This is a method only used for online payments, so you’re not putting your main credit or debit card at risk. The service uses advanced fraud detection systems to prevent any scams from occurring.
- How to deposit money to casino account using Interac?
The flat transaction fee of $1 applies to a deposit of any amount, so you should be aware of that when you make online gambling deposits. That being said, Interact is still an effective way to make deposit, since you’re using Canadian dollars and you’re not dealing with conversions.
To use it as a banking method, you only need to find an online casino that accepts it.
- Interac casino depositing limits
You can make any casino deposit with Interact; you just need to check the guidelines on the casino’s website. Most casinos will ask for a minimum of $10 deposit to start a real money account.
Withdrawing Money from an Online Casino that Takes Interac
The good news about Interac is that you can also use it to withdrawing your winnings. As one of the most secure payment methods, it’s also pretty fast. After the pending period which is usually imposed by the casinos, you’ll have the funds on your Interac account in a matter of hours. From there, you can use it however you want to. You can get it in cash through the Interac Cash solution if that’s what you prefer.
- How to withdraw money from the casino using Interac?
Once you find a e-transfer casinos Canada that allows you to get your money this way, you’ll just choose Interac as your withdrawal method. There’s nothing complicated about this.
- Interac casino withdrawal limits
Canadian players usually have to accumulate at least $50 at an online casino to withdraw their winnings. This is the minimum imposed by most gambling sites. As for the maximum, different casinos set it at different amounts. In most cases, you won’t be able to withdraw above $4K every week.
Advantages of Interac E Transfer Casino Canada
- You can deposit AND withdraw money from the online casino account.
- It’s a method that enables quick safe transactions.
- The transaction fees are minimal.
- There are dozens of casinos accepting prepaid cards that will allow you to use the Interac Debit card, as well as an Interac e-Transfer from your account.
- There are several solutions linked to a single account, so you’ll use whatever option you prefer.
- You can get the money in cash from ABMs across Canada.
Disadvantages of the Interac Payment Casino Method
- You can only play at a Canadian online casino accepting Interac. This is not an international payment method.
- Although most Canadian banks and credit unions support it, maybe your bank doesn’t.
- The website is not informative enough for those who have no idea what Interac is. There are different fees and it’s hard to understand which one the company applies on your transaction. But the fees are very low, so gamblers usually don’t
Canadian real money gambling is a progressive market that keeps involving new payment methods. Online gamblers usually search for the PayPal payment method, as a secure option they are used to. When they realize they can’t find any Canadian online casinos with PayPal, they don’t know what to use. They don’t like using credit cards, since gambling can easily get out of hand that way. They also don’t want the payment method to be directly related to the debit card where they get their paycheck.
A casino that accepts Interac is a great alternative option. It’s easy to start an Interac account and use any of the payment solutions available. You can use this money for gambling, but any other online transactions as well. Also, you can use your Interac card at point-of-sale readers.
Interac Casino FAQ
- Is it safe to play casino with Interac?
Yes; this is a very safe payment method. Interac collaborates with a great number of Canadian banks and credit unions. All of them promote it as a safe and reliable payment method, especially for online transactions. It’s accepted as a deposit and withdrawal method across many debit card casinos Canada.
- Are Interac deposits instant?
The deposits are instant. You won’t have to wait for hours or days to see the money on your casino account balance. Such a waiting period occurs with bank wire transfers. With Interac, you’ll balance will go up as soon as you make the deposit.
- What are some alternative payment methods to Interac?
If you don’t have an Interac account and you don’t want to create one, an e-wallet would be the safest alternative. Since PayPal is not an option for gamblers from Canada, you might want to try Neteller or Skrill.
PaySafeCard is another good option. This is a prepaid method based on vouchers. You buy a voucher and enter its PIN at the website. It’s safe, since none of your financial information is exposed.
Finally, you should look at the iDebit casino’s list. This is a Canadian online payment method that works on the principle of electronic checks.