Interac Casinos
Interac is a Canadian national payment network and debit card system launched in 1984, offering Canadians safe, secure and efficient ways to manage their funds within, as well as outside of the country. The network is operated by the joint efforts of Interac Association and Acxsys Corporation, two large organizations comprised of various financial institutions and banks, payment and trust companies, merchants, credit unions and other related establishments. Together, they provide several different electronic transaction services that can be used for shopping, cash withdrawals or money transfers.
- Interac Debit, Cash and Flash services allow users to access funds at ABM's or point-of-sale terminals across the country, and for instant payments at point-of-sale readers;
- Interac Online is a payment method which transfers money directly from a bank account
- Interac e-Transfer is used to transfer money from one person's bank account to another. You will need access to mobile or online banking and the email address or canadian mobile number of the person you are sending money to.
Widely used across Canada, these methods are integrated at all major banks and are not far behind traditional credit and debit card providers in terms of popularity. Due to their versatility, multiple supported platforms, safety and convenience, the solutions make everyday payments and handling of money easier than with other conventional options. This is particularly the case for Internet transactions, where users can rely on the best fraud prevention systems and very fast processing times, being that the services are linked directly to bank accounts.
How Does Interac Work?
For online gambling transactions, players will want to use Interac e-Transfer. If your casino offers this option, by all means, use it, as it is the method of choice for Canadians, which currently trumps any alternative in terms of advantageous features. When it comes to speed, fees, security and utility, this solution surpasses even e-wallets, which are known as the most convenient of options. The problem, however, is that few operators accept e-Transfer at the moment, mostly as a deposit method. It will likely change in the future, as the system should be fully supported by all licensed and regulated Canadian-based casinos.
Over 200 banks and financial institutions across the country support Interac, and you will automatically get access to the network once you open an account with any of them. No prior arrangements are needed in order to use the services, except that you will need to sign-up to online or mobile banking. Funds are transferred directly from one party to another, using the established and secure pathways. E-mail or text message notifications are issued carrying instructions on how to deposit or withdraw money, including passwords or security questions. Since Interac is a non-profit organization, the fees are flat and amount only to cover the basic cost of managing the operations. This is one of the main advantages of the system, where most processing charges are no higher than a dollar and a half.
If you want to deposit money at an online casino, the process is simple and you only need to follow instructions after logging in to your online bank account. The steps might differ slightly depending on the institution, but overall, initiating a transaction should not present a problem for anyone. You can also check in the cashier of your casino for any additional details or requirements. After you have chosen the amount to deposit and entered an e-mail address of the recipient together with the security question, all that is left is for the recipient to submit the security answer and the funds will immediately appear in their bank account.
Withdrawal transactions function on the same principle but take into consideration that the processing times, in this case, may be as long as 6 working days, and the fees might also be higher. A notification will be sent to your e-mail or phone, informing you about the transfer, sender and the amount of money you will receive. Usually, there will be a link in the e-mail, leading directly to your online bank account where you can complete the process by depositing the funds into the account.
What is Interac e-transfer exactly?
Certain banks (CIBC for example) allow their customers to use Interac. Users can then send, request and receive money directly from one bank account to another. It's convenient, all you need is access to online or mobile banking and you can request or send money to a mobile phone number, email address or bank account in Canada. It is available at 255 Financial Institutions within Canada but it must be noted that once a transfer has been deposited it cannot be reveresed or cancelled. This is a popular method for cashing out at CA friendly casinos and the money usually arrives instantly (provided your bank is a participating iinstitution) if not it could take between 4-6 days and you could be charged $4 fee (which is not to bad).
Advantages
There are many advantages of Interac e-Transfer: it is an almost instant, multi-platform, readily available and low-cost solution ideal for Canadians, which is also very safe given that no personal information is revealed to retailers. The network is constantly working on improving the service to provide even more benefits on top of the existing package, with more reputable institutions joining every day.
Disadvantages
The downside is that it can't be used with international banks, and you will also have a hard time finding an online casino which accepts the method. As the network grows, there will undoubtedly be more Canadian operators embracing this option.
Helpful Links
| Interac payment method fees and facts | |
| Interac is popular in these countries Canada, Ontario, CA | |
| Countries restricted from using Interac | Afghanistan, Aland Islands, Albania, Guernsey, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo Democratic Republic, Cook Islands, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Democratic People's Republic of, Republic of Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Federated States of, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Helena, Ascension and Tristan Da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and The South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Vatican, Venezuela, Viet Nam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Yugoslavia, Zambia, Zimbabwe Show more |
| PrePaid card | Interac Debit |
| Link to terms & conditions | https://www.interac.ca/en/terms/ |
Online Casinos
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Step-by-Step Guide to Casino Deposits and Withdrawals Using Interac
Interac is a Canada-only banking option that has been a players-favorite when it comes to online gambling. Thanks to its fast and secure transfers, more players are using this option for both depositing money into their casino accounts and withdrawing.
So, how should you get started with Interac and depositing/withdrawing? Don’t worry, we’ve got you covered!
How to Make a Casino Deposit with Interac
Regardless of whether you have any experience using Interac or not, you should have no issues picking it up quickly as the process is pretty easy to understand and simply requires you to follow basic instructions.
- Login To Your Online Casino Account
Sign in to your account using your credentials (username/email and password). Keep in mind that if you don’t have an account you will need to register first!
- Look for the Cashier Section
Once you are logged in, find the cashier section and look for the “deposit”. Sometimes the deposit option is visible on the main page, next to your account balance.
- Select Interac as Your Desired Deposit Method
Within the list of available deposit options, find and select Interac.
- Enter the Amount You Wish to Deposit
When you select Interac as your deposit method you will need to enter the amount you wish to deposit. Once entered, check the amount once again and submit.
- Choose Your Financial Institution
After submitting the deposit, select your financial institution from the list of options. This will open a pop-up window with the Gigadat Solutions payment processing page.
- Choose Your Payment Option
On the Gigadat processing page select Interac e-Transfer as your payment option. Once you do so, the Fund Deposit page will open.
- Write Down or Copy Details
On the Fund Deposit page you will find the required amount you will need to deposit (exact amount), as well as a one-time message that you will need to type in as it is a required ID field.
- Open Your Online Banking Account
Open your online banking account, select Interac e-Transfer and enter Gigadat as recipient. Add the recipient email, the specified deposit amount and the one-time message that you’ve been given in the previous step.
- Check the Entered Information and Submit
Once you’ve entered all the necessary information, double check it, and, if everything is in order, submit.
- Check Your Online Casino Balance
Within a few minutes your transaction should be processed and funds should appear in your account balance.
That’s it! You’re all set and ready to play casino games of your choice!
How to Withdraw Your Winnings Using Interac
When it comes to withdrawing your winnings from online casinos using Interac, the process is also pretty intuitive and straightforward. If you managed to deposit funds successfully, you should have zero issues withdrawing your winnings as well!
Either way, you don’t need to worry as we’ll guide you through each step!
As a side note, if you haven’t already, you should activate the Autodeposit feature in your Interac e-Transfer account as it makes the withdrawal process a whole lot easier. Once enabled, all money transfers via your email will automatically be deposited into your account. This means you won’t need to enter processing instructions, password and answer security questions!
- Open the Cashier Section of Your Casino Account
Log in to your casino account (if you aren’t logged in already) and head to the cashier section where you will look for the “withdraw” option.
- Enter the Amount You Wish to Withdraw
Specify the amount you’d like to withdraw and submit.
- Check Your Email
Once you’ve submitted the withdrawal, in a few minutes, you should receive an email that states the funds have arrived to your Interac account.
- Visit Your Banking Account
In your banking account you should see the transaction pending. Accept the transaction and that’s it, the funds are deposited into your banking account!
While the withdrawal transaction can be pretty fast - taking up to only a few minutes, they can sometimes take a bit longer as well - up to a few days. This depends on numerous factors, your bank, casino you are playing at, if you are verified or not and so on!
Overall, Interac is an appealing option for Canadian players, offering an easy way to deposit and withdraw funds!
FAQ's
What Are The Best Casinos With Interac And Interac e-Transfer?
What kind of customer support does Interac offer to its Canadian users?
Are Interac transactions reversible or not?
Do many financial institutions support the Interac e-Transfer option?
What is a suitable alternative to Interac for online deposits and withdrawals?
Is there any minimum or maximum amount limits on sending and receiving amounts through Interac?
Overall Ratings
Member's feedback (7)
I prefer interac over other methods because it basically checks all of the boxes in being fast, secure, no fees. When given the choice there is really no reason to not use it - as long as you’re ok with KYC. Not only are deposits fast but in my experience payouts are within a day lots of the time
Willyness
7 months ago
Newbie
Interac is definitely the easiest and fastest way for deposit and withdrawal method that I have used. I recommend this payment method to anyone looking for an uncomplicated payment method. Good luck to all in there gaming!
Interac is probably the easiest and most secure choice if for whatever reason you can’t use crypto, whether it be fees or the casino not accepting it. The withdraw speed is usually just as fast as crypto so that’s a bonus
Time to update this info, as almost every casino worth mentioning now takes Interac (and Interac e-transfer).
i like using interac and its easy to use
Easy and secure method for Canadian players.
No questions asked! This is a dream deposit for us Canadians!!! Enter card details and boom, money in the casino! Wish more casinos would introduce this to us as this is by far an extremely fast way to get the deposit done!
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