Interac

Interac is a Canadian payment network and debit card system that started in 1984. It provides Canadians with a secure and efficient way to manage their funds and send them both, domestically and internationally. Currently, over 20 million Canadians use its services and over a million transactions are processed through it per day.

The company is always embracing new technology and is continuously expanding. Today, it offers products such as Interac Cash, Interac Debit, Interac Flash, Interac e-Transfer, and Interac Online. It also allows mobile payments.

With its anonymity and flexibility, it is among the favorite deposit methods for Canadian players. However, players should always make sure of the type of Interac service an online casino allows, as each one has specific capabilities that greatly vary.

Other payment methods besides Interac include Neteller, PayPal, Bitcoin, Skrill, Instadebit and different kinds of Cryptocurrency.

Interac-logo

How it Works

Interac allows Canadians to send funds to anyone with an email address, a phone, or an account at a Canadian financial institution. This is a retail banking service that allows the transfer of funds and is mainly used in Canada. Email money transfers are sometimes also referred to as e-Transfers. 

Interac Benefits

The company boasts that it’s the most efficient way to send money to others without sharing any personal financial information. It’s used by small businesses throughout the country and is one of the safest digital money transfer services in the world. All transactions go through established and secure banking procedures. The funds never travel by email or text, these are only used as notification methods.

Using Interac at Online Casinos

This payment solution is very popular with Canadian players because it eliminates the risk that’s in place by sharing card or banking information with shady sites. This leaves no paper trail. It’s also a very fast way to withdraw funds out of your casino account, with speeds that are comparable to those available for popular e-wallets. Nevertheless, fees, processing time, and minimums vary depending on a casino’s policy. Thus, players are always encouraged to read the terms and conditions before playing for real money.

You can this service to play on table games like blackjack, baccarat and roulette as well as slots such as Starburst and jackpots like Mega Moolah.

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How to Deposit Funds With Interac

Depositing funds at your online casino with this service is a bit different from that of other methods. Canadian players have to use their online banking account along with the banking/cashier section of their online casino. It most case, these are the necessary steps:

  • Select the Interac option from the banking/cashier tab.
  • Write down the payment information provided by the casino.
  • Open your online banking account.
  • Enter the casino information and select the account you want to transfer from.
  • Select the desired amount and initiate the transfer.
  • Check your casino account to confirm the transfer.

How to Withdraw Funds

Withdrawals can also be a little tricky and are not always possible using e-transfer. So, players might have to use an Interact card. However, when available the process is fairly straightforward.

  • Select the Interac option from the banking/cashier tab.
  • Provide the information requested by the casino.
  • Select the desired amount and initiate the transfer.
  • Check your bank account to confirm the transfer within the specified period.

Always be careful to know all necessary betting requirements that must be fulfilled before any bonus money can leave your casino account.

Casinos that accept this deposit method:

For more information regarding the service. Please see the product-specific homepage and if you want to know more about the terms used in the online casino, check out our casino glossary.