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. Interac is a Canadian financial service provider founded in 1984. People use Interac to send funds to other people or businesses anywhere in Canada. The system only allows you to spend the amount of money that is available in your account; similarly to a debit card, there is no line of credit with 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? Online casinos that accept Interac payments are listed here for your convenience. We did not only picked the new Interac casinos that are accepting this method, but we also looked at different point like safety, trustworthiness and if the casino has an official licence.
Some of the best Interac casinos we will name here so you have an idea of what to look for. The following casinos accept Interac Payment Method: Playamo, BitStarz, King Billy, PlayOjo, Spela Casino, Spinit, 888 Casino, Sloty, Royal Panda, Karamba 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. Security is a very highlighted aspect for Interac and to ensure this security, there is an active encryption on all transactions and authentication, unique IDs and passwords are required from their customers.
Interac also boasts 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 Interac has carried out to its players on several online casino platforms. How can you sign up to Interac? 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.
This guide will show you how to make Interac transactions step-by-step, if any fees apply, and give you all the info you need on using Interac. We’ll start with deposits.
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 online casinos will provide you with this, others won’t. Hit Send, and your funds will be transferred.
How to Withdraw Money Using Interac
The process of making an Interac withdrawal from an online casino is just like making a deposit, except you will be the one who receives the security notification email instead of 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 transaction fees included when you make withdrawals or deposits through 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. Go to your bank’s website and log into your account. Look for the Interac e-Transfer system logo, click on it, fill out the details, and you’re all set.
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.
Please enter your recipient’s details
To make an Interac e-Transfer, locate the system logo and select “Send Money.” From there, add in the necessary destination and banking information.
Enter the desired amount and a security question
Your payment is being processed and they are sending your transaction request to the specified destination. You will be notified as soon as it has been completed.
Your transaction is now finished
The money you sent will show up directly in the recipient’s bank account.
How CasinoKix Rates The Best Interac Casinos
Here at CasinoKix, do thorough research on the best Interac casinos. 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 has a long, trustworthy history and excellent security measures. 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.
What are the Alternatives to Interac?
In addition to Interac, there are many other payment methods available to fund your online casino account. Most of the Interac online casinos also accept other payment methods, and you can check the list of methods on the website or on the “cashier” section on the gambling site.
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. Read the terms and conditions of the Interac casino you want to play at to see if they accept your desired banking method.
Visa or Mastercard
Direct bank transfer
Interac Casinos FAQ
In short, Interac is a Canadian financial institution that has been around for years which lets players access their bank accounts to make deposits and withdrawals at selected online casinos. The system is easy to use, fast and 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, Betsson, Bitkingz, True Flip, Lucky Vegas Casino, Avalon78, Wild Tornado, and Dreamz Casino.
How can I deposit with Interac in an online casino?
Logging into your online casino account is the first step. After that, go to the Cashier section and check if the casino accepts Interac deposits—most do. If they do, you’ll be asked to provide a security question and answer. Logging into your online banking account comes next; click on the Interac e-Transfer icon and enter in all of the required details fromthe casino site. Finally, select how much money you would like to deposit before hitting “Send.”
Are there any Deposit Fees with Interac?
The deposit fees for using the Interac e-Transfer system vary depending on which bank you use. The average amount that banks charge is €1 to €2, but we recommend checking with your bank before making any transactions.
Is Interac a safe payment method to use in 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 players?
Great casino bonuses are presented for new casino players in an Interac casino. Whatever casino you decide to play at, if you would like to know their offers before signing-up, we recommend you to read the promotions page, that will give you more information on the offered bonuses. There are free spins, deposit bonuses, welcome bonuses and cashback bonuses when you sign up. See what matches your wishes best.
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. Alina also has a Diploma in Journalism.