What Are Interac Casinos?

Interac online casinos are those casinos that accept deposits and withdrawals by Interac. It is a prevalent method in Canadian online casinos due to its range of benefits for users.

Interac allows quick deposits and withdrawals, has extra layers of security and gives players bigger control over their casino spending.

Most online casino players in Canada use Interac as their favourite payment method when betting at online casino sites. That is because this method allows money transfers between bank accounts and online casinos without sharing any financial or personal data with anyone.

Interac has many similarities with debit cards because it allows users to transfer as much money as they have in their bank accounts.

PROS & CONS OF INTERAC CASINOS

Pros

Fast, efficient, and reliable money transfers for users

Higher protection of banking details

Widely accepted payment method in Canadian casinos

No need to use additional banking services

Cons

Only available in Canada at the moment

Not every online casino accepts Interac e-transfer

Sometimes may incur small fees when doing money transfers

Is Interac E-transfer the Same as Interac and Interac Online?

All these three methods allow users to pay directly from their Canadian bank accounts. Interac e-transfer digitally transfers money from one bank account to another, while Interac Debit and Interac Online follow different procedures but have the same goal – to transfer money.

Interac e-transfer is a fast and safe way to send money to anyone in Canada that has an email address and that uses online banking. This method is available by default to every Canadian citizen with a bank account.

Both Interac e-transfer and Interac Online allow requesting, sending, and receiving money from one bank account to another. Users just need to go to their online banking section and choose whichever option they want to fund their casino accounts.

With Interac Online, users can pay for products or services online by using money from their bank accounts. With this method, you are not sharing any financial information with the online casino, store, or shop, which makes it a more secure option than typical credit cards.

Some online merchants offer only Interac Online, others offer Interac e-transfer, and some places offer them both as a payment option. Users can select whichever option they prefer.

In the end, all three – Interac, Interac Online and Interac e-transfer allow making payments online from your bank account but differ in the information you need to provide and things you need to fill in before making a transaction.

How to Make a Deposit with Interac

Interac is a payment method that makes it very easy to deposit. The best Interac casinos in Canada all accept this form of payment. However, making Interac e-transfer is a bit different than making deposits with other eWallets. That is because Interac requires Canadian players to use their online bank account at the cashier section of the online casino. Typically, the whole process of depositing in an online casino goes like this:

  • Choose Interac Online as a payment method of your choice in the cashier section of the online casino.
  • Write down the necessary payment information before using your online bank account to make an Interac e-transfer
  • Enter important details and choose the account from which you will make the money transfer
  • Select the amount you want to deposit using Interac and start the Interac online transfer
  • Wait for the cash to arrive, together with the welcome bonus, if there is any, to come into your online casino account.

Withdrawing from Casinos That Accept Interac

Online casinos usually have more options for depositing than for making withdrawals. However, Interac is available for both deposits and withdrawals in the best Interac online casinos. The withdrawal process is similar to the Interac deposit process. This is what you need to do to withdraw your winnings from the casino:

  • Log into your online casino account
  • Go to the withdrawal section of the cashier
  • Select Interac from the list of payment methods
  • Enter the amount of money you wish to withdraw
  • Confirm the withdrawal and wait for your request to get processed.

Some casinos require users to put in their passwords to access their money. This is a security measure of Interac for the protection of real money transfers. If this is something you need to do, you will receive a generated password on your email, which you will then have to type in your mobile banking app to claim your funds.

As you can see, using Interac for making withdrawals is easy. Just be aware that certain conditions apply depending on your casino and your account. It is always good to withdraw in the same way you deposit, as then the process goes nice and smooth. You will quickly access your funds and spend them however you wish.

Processing Times of Casinos Accepting Interac

Interac e-transfer is fast and easy, almost instantly done. Everything is processed within a few minutes, so playing your favourite slots, table games, or live dealer games is just minutes away.

So what’s the difference between deposit and withdrawal processing times? Deposits are instant, but withdrawals may take a day or two to complete as some casinos have pending periods. During this period, you can reverse your withdrawal or wait for your money to appear in your account.

At the same time, some quality online casinos do not have a pending period, and players can withdraw their money instantly. It is a good idea to check this information in advance, but either way, a withdrawal from Interac casino should be in your account in a couple of days at most.

Main Advantages of Playing in Casinos That Accept Interac

  • Interac is a safe method for making both deposits and withdrawals.
  • Interac is cheap and fast. It does not cost players anything to fund their accounts and make transfers between their Interac and bank account. Payments are quickly processed, so players that use Interac for online gaming will find this method extremely useful.
  • This method is convenient, flexible, and already familiar to millions of Canadian players. In Canada, Interac is used daily to make all kinds of purchases, both online and offline.

Drawbacks of Casinos Accepting Interac

  • Being available only to Canadians and for Canadian bank accounts is a serious drawback of this method. However, the online gambling industry and its services are constantly expanding, so we might see this method in other countries soon.
  • Interac e-transfers happen between the casino and the player’s bank account. As a result of that, the gambling transaction will appear on the player`s bank statement. This is something not many people like to see, which prevents them from using this method.
  • You can use an Interac payment only if you have a bank that supports Interac, which is another limitation for players outside Canada.

Top Interac Casinos Canada 2022

Verdict: Interac Is a Quality Method to Use at Canadian Online Casinos

Everyone wants a payment method that is reliable, flexible, quick, cheap, and simple to use for making deposits and withdrawals at online casinos. Interac is such a method, but only limited to players in Canada. Processing times are quick, and most Canadians are very familiar with this method. If you are residing in Canada, using Interac to play at Interac casinos is strongly advised as it comes with many advantages for players. Take a pick from the abovementioned list of top Canadian Casinos that accept Interac, and start spinning. Always remember to play responsibly, know your limits and have fun!

Not sure if the Interac option is the way to go. Check out the other top casino payment methods for 2022