New Interac Casinos

Interac Casino UK: Warning

Interac is available to Canadian players and accepts mainly Canadian Dollars. This payment available is not available in the UK or across new UK casinos.

Interac Short Facts

Interac online is one of the most popular payment methods amongst Canadian casino players. It is an online banking method that is highly secure and which allows players to transfer funds from their bank account to merchant or online casinos without sharing sensitive financial information.

Canadian players are quite familiar with this method since it can be used for online shopping as well as a depositing method at many international online casinos. If you are a Canadian player looking to gamble online, you have plenty of casinos to pick and choose from.

Currencies	CAD.
Security	Encrypted servers, standard bank protocols.
Transaction time	Instant.
Min. Transaction	Defined by the casino.
Deposit Fee	None.
Withdrawal Fee	Fees may apply, check T&Cs.

Advantages of Interac Online

Created in 1984, this Canadian online financial services provider has thrived along the years, thanks to the fact that it integrates and supports various Canadian financial and banking institutions. This shared network allows Canadian players to access funds from different providers.

In the beginning, it only offered two types of services. However, in 2018, it brought together different services under one big umbrella.

Interac provides a variety of services, including Interac Debit, Interac e-Transfer, Interac Online, Interac Flash as well as Interac Cash, and that’s why many online casinos accept Interac and this other services as payment methods.

There are several perks and benefits to using Interac online for making deposits and withdrawals at online casinos:

Safety & Security

When you choose Interac, there are numerous layers of security to ensure that your bank account or credit card numbers are not shared with a casino operator. Since you send your money from your bank to your Interac account and then to the casino, you are not sharing any sensitive information, thus rendering Interac transactions completely safe.

Withdrawals

Since Interac transactions are linked to your credit/debit cards or bank account, online casinos will let you withdraw your funds back to it. You won’t have to wait up to seven working days to receive your winnings back to your debit or credit card. You also won’t be required to pay any unnecessary fees.

Popularity amongst Canadians

Interac is very popular not only for online gambling purposes but also for purchasing goods and services as you’d do with real money. This popularity means that you are in safe hands using one of the best payment options out there, especially for Canadian players.

Disadvantages of Interac Online

Interac definitely provides users with more benefits than disadvantages as a depositing method. Here are a few disadvantages of new Interac casinos:

Expiry Date

In order to complete real money transactions, you must complete a set of actions. If the casino operator somehow does not debit your Interac account, and yet credits your casino account, the life-cycle will expire in 30 days. If you fail to notice that you’ve been playing for free, it may take some time for this to be sorted out with merchants or online casinos if this is your case.

Phishing Attempts

Since many banking institutions carry out transaction notices via email, these can fall vulnerable to phishing attempts. Since players sometimes are not required to log into their account directly and can respond to these emails with passwords and other information, there is a possibility of sensitive information falling in the wrong hands.

Canadian players only

Interac Online is only limited to those players with a Canadian bank account. Even though this is one of the safest payment methods around, it is unfortunately still limited to Canada.

Surcharge

Online casinos may charge a commission when opting for Interac online. The fee will vary from one casino to another, but as a general rule, transaction fees at most casinos online can vary between 2.5% and 5% of the total sum. This may impact your deposit bonus.

How to open an Interac Account

There are different types of Interac online services. Getting set up is easy and navigating around would depend on your chosen product.

You simply need to sign up for an online bank account that supports the Interac payment gateway services and pick the right service based on your requirements.

You would then supply your personal details and agree to the terms and conditions, in short.

How to Deposit at an Interac Casino

Interac is a very simple method to use, and the process of making a deposit at online casinos is relatively straightforward and completely safe.

To deposit at a casino operator, you simply need to head to the Cashier section and select Interac as a payment gateway in the list of payment methods.

You then need to choose the amount you would like to deposit into your casino account. You are then whisked away to a secure Interac safe and secure page, where you have to pick your bank from a list of available banking institutions.

Pick either Interac E-transfer or Interac Online and follow the instructions to finally complete a real money transaction. Interac e-Transfer deposits can take up to 24 hours to show up in your casino account.

How to make a withdrawal with Interac

Making a withdrawal at new Interac casinos is equally as easy and as straightforward. Head to the ‘Cashier’ section on the casino operator of your choice and after selecting Interac, input the amount of money you would wish to withdraw.

All online casinos require time to process your withdrawal and this can vary from one to another. Provided that you have supplied all the information required as part of the casino’s KYC procedures, withdrawals should be processed relatively fast.

Once the casino has processed your withdrawal, it can take between four to six working days for your money to appear in your account.

Safety and Security

When it comes to safety and security, Interac online is one of the safest methods out there for Canadian players. When real money is sent using Interac e-Transfer, the cash is not processed via text message or email. You only get deposit instructions as well as notifications by email.

Funds are secured by authentication and transaction encryption. You also have to bear in mind that most online casinos have their own security systems in place to give you an additional layer of protection.

The protection of personal data on the internet is also mandated by government regulation and all online casinos are required to comply by law.

Interac FAQs

1. Are there any fees when using Interac Online?

Yes. Fees never go over C$1,50. However, if the Canadian bank is not a participating institution, the charge can go up to C$4,00 every time it transfers money. The fees are still relatively small considering the high levels of safety and security offered for online gambling. Please check with the casino operator of your choice if there are any deposit or withdrawal charges.

2. Can I use Interac at mobile casinos?

Yes. There are plenty of online mobile casinos that use Interac as a payment gateway, so online gambling on the go as well as on desktop is possible. If you are planning on using Interac, it’s important that you check that the casino operator of your choice accepts Interac as a payment method. However, this should not be a concern for most Canadian players.

3. Can I claim a casino bonus whilst using Interac?

Most definitely. Online casinos know that most Canadian players would prefer to use Interac for making deposits and withdrawals. You can easily claim a casino bonus, free spins and any other deposit bonus deals available for you. Do read the terms and conditions of the offer before claiming it though. Some online casinos exempt specific payment methods, such as is the case with Skrill and Neteller.

4. How long does it take for Interac deposits to appear?

When it comes to Interac deposits, they can either appear instantly or within a few minutes since the banking institutions are part of a network.

5. Can I withdraw using Interac?

Yes. Most online casinos will expect you to request a withdrawal back to the same payment methods you deposited from. Once processed by the casino, real money withdrawals can take up to 5 days to reach your bank account but usually, it’s quite fast.

6. Can international players make Interac deposits?

Unfortunately, Interac only offers its payment gateway services to Canadian players since you must have a Canadian bank account in the first place.

7. Does all online casinos in Canada accept Interac?

We can’t be certain of that but the vast majority of online casinos offer Interac as a depositing method. Even if your chosen casino operator does not offer it, you can always try similar alternatives.

8. Are there any other alternatives to Interac online?

Yes, Canadian players as well as international players can use other payment options such as iDebit, MuchBetter or CoinsPaid, a handy and safe crypto wallet.