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Interac Casinos in Canada
Oct 17, 2023, 4:05 pm
Canadian players can choose between numerous payment methods when gambling online. However, not all of them are created equal, and if there’s one thing that can really disrupt your online casino experience, it’s using a slow and unreliable banking method. That is why choosing an efficient way to deposit and withdraw money is critical. One of those options is Interac, which has gained a lot of fans among Canadian gamblers. To use it, however, you will first need to find the best online casino that accepts Interac. And here’s where Betsquare can help.
Interac has taken the Canadian online gambling world by storm, offering fast and secure casino transactions. And with its popularity growing, more and more Canadian casino sites start offering lucrative Interac bonuses for new players.
If you’re considering switching to Interac yourself, you must first find the casino that accepts Interac payments. And while finding Interac casinos isn’t that difficult, choosing the best Interac online casino may pose a challenge. Luckily, Betsquare is here to help.
Today, we want to present our list of the best Interac online casinos in Canada, along with a short guide on how to use it for online gambling. Find your perfect casino site and take advantage of all the benefits of Interac casino payments.
All of the recommended online casinos on our website are carefully selected on the following criteria:
- Return to player percentage
- Withdrawal speed
- Gambling licenses
- Customer service & Reliability
Best Interac Online Casinos - 2023
Short Guide to Interac: What Is It and How It Works
Interac is an online payment system that enables fast and secure money transfers between Canadian players and gambling sites. It also works as an online banking method, moving funds between your bank and Interac accounts.
Developed by Canadians for Canadians, Interac is one of Canada’s most popular payment methods. And we’re not talking here just about online gambling. Interac is used for all sorts of online transactions involving money transfers. But don’t trust just our word.
Let the numbers do the talking:
- In 2021, there were over 960.3 million Interac e-Transfer transactions (that’s over 2.6 million transactions a day);
- Over 250 official Canadian financial institutions support Interac e-Transfer (including all Canadian banks and credit unions).
On top of that, since Interac is integrated into your Canadian bank account by default, starting using it is incredibly straightforward. What distinguishes Interac from traditional banking is its advanced security features. The service uses state-of-the-art encryption technology and fraud detection systems.
However, it is most appealing to online casino players because paying with Interac doesn’t require you to provide personal information. All you need is access to your bank account and an email address.
How to Use Interac for Online Gambling
Safety and privacy are two primary reasons Interac is one of the most popular casino banking methods among Canadian online casino players. Another advantage is that Interac is extremely straightforward and convenient to use.
To win real money, you must first deposit funds into your casino account. However, for that, you need a fast and reliable payment method. Interac ticks both of these boxes. How to make your Interac deposit? Easy. Just follow a few simple steps:
- Log in or register a new online casino account at one of our recommended Interac gambling sites.
- Head to the cashier casino section and choose Interac as your primary deposit method.
- Enter the amount you want to deposit – be sure it meets the casino’s deposit limits.
- Confirm the payment in your online bank account (if you use Interac Online) or type in your email address connected to your Interac account to transfer the funds (if you use Interac e-Transfer).
- The funds should land in your casino account instantly. The only thing left is claiming your Interac bonus and playing your favourite casino games.
Once you’re done gaming, it’s time to withdraw your winnings, preferably as fast and securely as possible. Interac ensures both.
How to withdraw cash from your casino account using Interac? The process looks very similar to making a deposit. And the best thing is it’s almost as quick. Here’s how to withdraw winnings with Interac:
- Log into your casino account.
- Head to the cashier/withdrawals section and choose Interac to cash out your money.
- Enter the amount you want to withdraw – be sure you meet the casino’s withdrawal limits.
- Accept the amount and wait for the winnings to hit your bank account (usually, Interac withdrawals take 2-7 hours).
Important note: Depending on the casino’s policy and the status of your Interac account, you might be required to verify your identity to unlock your funds. Interac does that by sending you a one-time generated password to your email. You will need to type it into the field in your online banking account (use a website or app).
Interac vs. Other Payment Methods
Interac is incredibly popular among casino users in Canada, but we understand that it may not be your preferred banking option. Also, as mentioned, some casino sites might not accept Interac withdrawals, leaving you with the chore of finding an alternative. Interac might also not be supported by your bank.
Whatever your reasons for not using Interac might be, rest assured there are plenty of alternatives. For improved privacy, you can choose Paysafecard or eCheck casinos. The catch is that Paysafecard doesn’t allow withdrawals, whereas eCheck transactions take more time to process. E-wallets are another exciting option, offering instant deposits and withdrawals.
Our advice here would be to look at the available payment methods at different casinos. Compare them, check their limits and requirements, and see which comes with the best bonuses.
How to Pick the Best Interac Casino in Canada
Now, we’ve told you everything to know about Interac and presented you with the best Interac casinos in Canada (based on our research). Now it’s your time to shine and choose the best Interac casino to suit your needs. When comparing Canadian online casinos accepting Interac, consider the following:
Pros and Cons of Interac Online Casinos
Interac online casino sites provide Canadian players with numerous exciting benefits. However, while many consider Interac the best casino banking method, it has to be said it might not be for everyone. That said, let’s take a more detailed look at the benefits and downsides of Interac online payments:
|Supported by all leading online casinos in Canada||Not available for CIBC customers|
|Interac implements advanced encryption features for enhanced security||Only available for Canadian gamblers with Canadian bank accounts|
|Instant deposits and withdrawals||Interac can charge payment fees|
|Compatible with all Canadian banks and financial institutions||Not all Interac casinos might support Interac withdrawals|
|The best Canadian gambling websites offer lucrative Interac casino bonuses|
And that’s a wrap on our guide to Interac casinos in Canada. As you can see, finding one shouldn’t be much of a challenge. Interac is one of the most popular payment methods available in Canada, and most leading Canadian casinos accept Interac deposits and withdrawals. And frankly, it’s clear to see why.
Interac offers incredibly secure and efficient payments. It uses state-of-the-art security and encryption features, and since it’s integrated with your Canadian bank account, you can get your Interac account up and running in no time.
All of the casinos you see above are the best gambling sites found in Canada that accept Interac payments. However, choosing the perfect one will depend on your requirements. Think about the casino games you want to enjoy, compare the Interac bonus offers, and ensure the casino you want to play at is licensed by a third-party governing body.
Feel free to refer to our list of casinos that accept Interac and use our other reviews of casino payment methods to find your ideal casino.
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Dec 7, 2022
Yes, of course. Furthermore, only Canadian casinos accept Interac as it’s a Canada-exclusive payment method. Developed by a Canadian brand for Canadians, Interac is one of Canada’s most popular payment methods. Therefore, practically all the top Canadian casinos accept Interac payments.
Yes, and truth be told, Interac is one of the most secure online banking options available for Canadian players. That’s because Interac uses advanced encryption technology. The company also uses state-of-the-art fraud detection tools, further enhancing its level of security. That said, if you’re a Canadian online casino player, Interac is probably the best and safest payment option available.
Interac e-transfers allow Canadians to send money directly from their bank accounts to online vendors, other Interac users, and, yes, their online casino accounts. All you need to use Interac is an Interac-integrated bank account and access to your online banking. There is no personal information required to disclose when transferring money. You will only need the recipient’s email address or phone number.
That depends on how you look at it. While it certainly offers numerous significant advantages, Interac also comes with several downsides, such as small fees or the fact not all Canadian banks support it. Generally speaking, though, given its fast transaction times and advanced security features, Interac definitely is one of the best online casino payment methods in Canada.
When making an Interac deposit or withdrawal, you must ensure your payments meet the casino’s transaction limits. Each casino has a specific minimum and maximum deposit/withdrawal amount, so be sure to check these out before committing to one casino.
As for fees, casinos won’t charge you anything, but banks can so read your bank’s Interac policy to avoid unpleasant surprises. And regarding transaction times, Interac deposits are instant. When withdrawing the winnings, you should expect them to land in your bank account within several hours.