When choosing an online casino, one of the first features a new player may look for is whether or not the casino accepts their preferred payment method. For a growing number of players, Interac is the payment method of choice. Founded way back in 1984, Interac is a reputable Canadian financial service provider. People use Interac to send funds to other people or businesses anywhere in Canada. The system operates like a debit card; you can only transfer as many funds as you have in your account, there is no option to obtain a line of credit from Interac. Because of its authority in the Candaian financial services market, Interac is a banking method popular with online casinos that accept Canadian players. In this article, we’ll take a deeper look into Interac.
So if you are an Interac user, what online iGaming sites will accept this banking method? Our list will help if you want to know what new casinos are currently accepting Interac or if you are concerned that an old favourite might not take this popular banking method.
We have compiled a short list of just a few of the many online casinos that accept Interac. There are dozens more for you to find, but here are some of the more well-known casinos that accept Interac: Playamo Casino, BitStarz Casino, King Billy Casino, PlayOjo Casino, Spela Casino, Spinit Casino, 888 Casino, Sloty Casino, Royal Panda Casino, Karamba Casino and many more!
Top 10 Casinos That Accept Interac
CA$ 20 No Deposit
CA$ 88 No Deposit
About Interac – Security and Integration
For over 30 years, Interac has been at the forefront of the Canadian banking industry. It is a hugely well known and respected institution that handles over 16 million transactions every single day. Interac offers customers a wide range of services, including the Interac e-Transfer payment method, which is the one most commonly accepted by online casinos.
Other Interac services include Interac Debit, Interac Flash Interac Cash, Interac Online, international services and mobile payment options. As far as security goes, Interac requires authentication from users, encrypts all transactions and issues unique IDs and passwords to its users.
Interac also makes the boast that it has one of the lowest records of fraud when compared with any other bank on the planet. It is this gold-plated reputation and long history that has led to Interac being trusted by so many iGaming sites and players. So how to join up? Let’s find out.
Interac Deposits, Withdrawals and Fees
Once you have made certain that your preferred online casino accepts Interac and that your bank is in partnership with Interac, you will be all set to start using the system. We will now take you through a more in-depth look at the Interac system of making withdrawals and making deposits.
We will cover the step-by-step process of making transactions, let you know if any fees are charged and provide you with all the information you need on Interac transactions. We’ll start with how to make a deposit using Interac.
Making a Deposit with Interac
First, look for the icon in the Cashier section that states your casino accepts Interac. Then click through and take down the casino’s banking details. Switch to your online banking account and hit the Interac e-Transfer system logo.
Put in the casino’s details and choose how much money you want to deposit. You’ll be asked to provide a security question and answer. Some casinos will provide you with this, others won’t. Hit Send, and your funds will be transferred.
Withdrawing with Interac
Making a withdrawal using Interac at an online casino involves performing the same process as making a deposit, except that you will be the one who will get a security notification email and not the casino. So make sure the casino provides you with the answer to their security question, or you won’t be able to get your cash! Once you have the email, open it and follow the instructions to deposit the funds into your chosen bank account.
So does all this convenience come at a cost? Are there fees associated with making withdrawals or deposits using the Interac e-Transfer system? Well, unfortunately, yes, there usually are fees associated with using Interac. These fees are set by your bank and can be anywhere in the range of €1 to €2.
Safety and Security
Hacking and fraud are huge problems for both online casinos and financial institutions the world over. It makes sense to dig deep into the security measures used by both your chosen best online casinoand the banking method you use before making transactions of any kind.
The Interac e-Transfer system is said to be one of the most secure banking methods currently available. Because the Interac e-Transfer system goes through your normal bank account, it can use the standard high-security measures and encryption that banks use. Additionally, the security question and answer process adds a second layer of protection for users. Transactions made using the Interac e-Transfer system expire after a 30-day period.
Pros and Cons of Interac Casinos
High level of security
Convenient and fast
Good levels of privacy
Fees for deposits and withdrawals
Can only be used via a Canadian bank account
Creating an Interac Account
The Interac e-Transfer system is offered by many different Canadian banks, so you will need to ascertain if your bank is affiliated with Interac or not. Then you will need to log into your bank account. Then look for the Interac e-Transfer system logo. Click on that, fill out the details, and that’s it.
Time needed: 5 Minutes
Tools required: Mobile or Computer
Funds required: unlimited
Log into your bank account
Go and Log into your online banking account or use your mobile app in order to get started with your first interac online transfer.
Enter your recipient’s email or mobile number
Look for the Interac e-Transfer system logo. Now you have to Select “Send Money” and enter the recipient’s destination and banking information.
Enter the desired amount and a security question
The Payment is being processed. Your transaction request is being sent to your desired destination and you will receive a notification when completed.
The transaction is now complete
The funds which you have sent appear directly in the recipient’s bank account.
How CasinoKix Rates The Best Interac Casinos
Here at CasinoKix, we base all of our conclusions on sound research. Our expert team dig deep into their chosen subjects to unearth only the most relevant details for our readers. We have a strict grading system that we apply to all the online casinos that we review. We won’t recommend an iGaming site if it falls short of our criteria.
Interac can be used to deposit and withdraw funds at online casinos
It is fast and easy to use
Interac has exceptionally good security protocols
So what is our final word on using Interac as a banking method at an online casino? Overall, we think Interac is great! The company’s long history and first-rate security measures make it an incredibly trustworthy banking option. If you have a Canadian banking account, there’s no reason not to use Interac.
Why use Interac at Online Casinos?
It is super simple to use Interac with most online casinos. Because the Interac e-Transfer system works via your own bank account, most users will find it easy to access. Transactions are processed quickly, with most deposits being credited immediately – although this does depend on your bank. Downsides include slow waiting times for withdrawals and fees.
Alternatives to Interac
Of course, Interac isn’t the only banking method available if you want to make transactions at an online casino. Most iGaming sites will accept a wide variety of banking methods.
The most commonly accepted are e-Wallets such as Skrill or Neteller, credit cards such as Visa or Mastercard, transactions using vouchers or direct bank transfers. Make sure you check the terms and conditions of the casino you want to play at to see if they accept your preferred banking method.
Visa or Mastercard
Direct bank transfer
Interac Casinos FAQ
To sum up: Interac is a long-standing Canadian financial institution that allows players to make deposits and withdrawals via their bank accounts at selected participating online casinos. The system is easy to use, fast and incredibly secure. You can use Interac via a mobile device or from your home computer. Interac is accepted by over 250 financial institutions throughout the world.
Which casino accepts Interac?
Which online casinos accept Interac? It might be easier to list the ones that don’t! Many Casino sites now accept this popular banking method for both withdrawals and deposits. Here are just a few: BitStarz Casino, Betsson Casino, Bitkingz Casino, True Flip Casino, Lucky Vegas Casino, Everum Casino, Casino Estrella, Avalon78 Casino, 21 Prive Casino, Emojino Casino, Wild Tornado Casino, and Dreamz Casino.
How can I deposit with Interac?
Log on to your online casino account. Go to the Cashier section. Take note of if the casino accepts Interac deposits. If they do, they may provide you with an Interac e-Transfer security question and answer. Log into your online baking account. Click the Interac e-Transfer icon and insert the casino’s details into the fields and select the amount you wish to deposit. Hit Send.
Are there any Deposit Fees with Interac?
There are usually deposit fees associated with using the Interac e-Transfer system – however, these are set by individual banking institutions, so it is not possible to state unequivocally what the amount will be. The amount that a bank may charge you for using the Interac e-Transfer system is usually between €1 to €2. We suggest you check with your bank before making a transaction.
Is Interac safe to use for Online Casinos?
Interac is an incredibly safe banking option. The Interac e-Transfer system processes funds via your normal bank account. It utilizes the standard high security and SSL encryption that banks use. Another layer of protection is offered by the Interac security question and answer process. If not claimed after a 30-day period, transactions made using the Interac e-Transfer system expire and can be refunded.
Is there an Interac Casino Bonus for new customers?
Players who wish to make their first deposits at an online casino using their Interac accounts can be eligible for generous bonuses. Depending on the casino you choose to play at, you could receive a welcome bonus that includes up to 100 free spins, a deposit matching feature, bonus cash from the casino, or get the chance to enter exclusive tournaments.
With over 5 years of experience within the gambling industry, Alina has decided to dedicate her set of skills to Casinokix. She has great knowledge of online casinos and knows exactly what makes a fair and reputable casino. For the time being, she is responsible for our content production and tries to provide readers with the best information about the casino world. Her professional approach is part of our success story. Currently, Alina is also finishing her Diploma in Journalism.