Interac e transfer is a canadian exclusive payment method to make transactions without the need for credit cards. Among other many services, Interac offers instant transactions at online casinos and sports betting sites.
In this article, we are going to dedicate ourselves to talking about Interac for online casinos and which online casinos in Canada offer this payment method, as well as a full guide on how to use Interac e-transfer and Online at casinos.
Let’s start by mentioning that, after trying a good bunch of online casinos with Interac, we have concluded that the most recommended Interac casinos are CasinoDays, Wildz, PlayOjo and LVBet. But if you wish to see more options, find below the Interac casinos and betting sites chosen by us at The Odds Calculator.
Full list of Online Casinos and Betting Sites that Accept interact
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What is an Interac Casino?
“Interac” refers to a popular Canadian interbank network used for electronic financial transactions. It’s akin to debit card systems in other countries. Interac is widely used in Canada for various types of transactions, including online purchases.
When you see the term “Interac casino,” refers to online casinos that accept Interac as a method for players to deposit and sometimes withdraw funds. These casinos cater to Canadian players by offering this familiar and trusted banking option.
Using Interac for online casino transactions has several benefits:
- Security: Interac is a trusted and secure method of payment. Transactions require authentication, and the funds are transferred directly between bank accounts without the need for third-party processors.
- Speed: Deposits made using Interac are typically processed quickly, allowing players to start playing without long waiting times.
- Convenience: For Canadians who already use Interac for other types of transactions, it’s a familiar and straightforward method to use.
- No Need for Credit Cards: Some players prefer not to use credit cards for online gaming. Interac provides an alternative that draws directly from a bank account.
- Privacy: Using Interac can provide a level of privacy since the bank statement might only show a transfer to Interac and not directly to an online casino.
However, as with any form of online transaction, it’s essential to ensure that you’re using a reputable and secure online casino.
How to use Interac on an online casino?
- Select a Reputable Casino: Ensure it’s licensed and regulated in your Canadian province.
- Sign Up: Create a casino account.
- Go to Deposits: Navigate to the casino’s cashier or banking section.
- Pick Interac: Choose Interac from the payment options.
- Select Your Bank: You’ll see a list of Canadian banks; pick yours.
- Log In & Confirm: Use your bank credentials to log in, then confirm the transfer amount.
- Play: Once funds are transferred, start playing.
- For Withdrawals: Navigate to withdrawals, select Interac, and follow instructions.
- Ensure a secure connection (“https://”).
- Never share banking credentials.
- Monitor bank statements for unauthorized transactions.
- Always gamble responsibly.
Best Interac e Transfer Casinos & Minimum Deposits and Withdrawal
You might think that the minimum deposit is the same at all online casinos with Interac. But it is far from accurate.
The minimum deposit does not rely on the payment method (only) but also the online casino can decide on it. So you will find that the minimum deposit at casinos with Interac varies depending on the casino. Of course, there is a constant of around C$10 dollar minimum deposit to C$20, with some exceptions.
Let’s take a look at the minimum deposit at Interac casinos in the table below.
|Interac Casino||Minimum Deposit (CAD)||Minimum Withdrawal (CAD)|
How Safe Is It to Gamble Using Interac e Transfer?
If safety is your main concern, you will be glad to hear that Interac e-Transfers is a payment method that is highly secure and allows you to transfer funds from your Canadian bank account to a casino without revealing sensitive financial information.
This means that you will not be providing your personal card details to the casino or sportsbook directly. Instead, it will be Interac acting as the middle interface. The payment platform will also ensure that your transaction is available at the casino instantly.
Canadians are very familiar with Interac, especially when shopping online. Although some may not know that it can be used to fund gaming accounts.
Luckily, it is not only as safe as doing a transaction at e-commerce but also it is widely available: Interac (online and e-transfer) is one of the most used and demanded payment methods to gamble in Canada.
Advantages of Using Interac at Online Casinos
- Fast and easy deposits: Interac e-transfer offers a simple and efficient way to transfer funds to an online casino and it is also a very well-known option for fast payout casinos that look to guarantee minimum delays on transactions.
- Many Banks and Financial Institutions: You will be able to do an e-transfer to a casino from almost any bank or financial institution available in Canada.
- Secure transactions: Interac uses advanced encryption technology to ensure the security of your personal and financial information.
- No credit card required: With Interac, you can fund your online casino account without having to use a credit card, which can be useful if you’re trying to avoid racking up credit card debt.
- Instant access to funds: Once you have transferred funds to your online casino account, you can access them instantly and start playing right away.
- Widely available: Most casinos and sports betting sites in Canada offer Interac for deposits. Therefore, you will have plenty number of options to choose from.
- Fees may apply: Depending on your financial institution, you may be charged a fee for using an Interac wire transfer.
- Withdrawal limitations: Some online casinos may have restrictions on the amount you can withdraw using Interac e-transfer.
- Possible delays: On rare occasions, there may be delays in the processing of Interac e-transfer transactions, which could affect your ability to fund your online casino account promptly.
- Pishing: Transaction notices are done via email. All electronic transactions are as vulnerable to phishing as the sender is. If a player doesn’t log into their account directly but responds to an email asking for passwords or other information, they could give bad actors access to their accounts.
Interac Online vs Interac e-Transfer – What’s the Difference?
In some casinos you have the option to select Interac Online or Interac e-Transfer, but what is the difference between them?
This method, commonly used to transfer funds to family or friends, allows you to deposit by entering an email address and is available at most financial institutions and credit unions.
When you play at an online casino, you will be provided with an email address and a security question/answer to be sent from your bank account.
This option is more straightforward, as the online casino provides a payment gateway for you to transfer funds directly from your bank account. You will be guided through your bank account directly and there is no need to enter an email as with using Interac e-Transfer. While this process is slightly faster than e-transfer, the downside is that it is not as widespread.
For example, at some casinos, Interac Online is only available to customers of the following financial institutions: First Nations Bank of Canada, RBC Royal Bank, and TD Canada Trust. It is also available to certain credit unions, depending on the province you are from.
How to Deposit with Interac at Casinos and Betting Sites
As you may know now, there are two options when depositing at casinos using Interac: online and e-transfer. The difference, when making the deposit, is that Interac Online will allow you to transfer funds directly from your bank account, using a payment gateway.
On another hand, Interac e-transfer will require you to log into your bank account separately and from there transfer your funds.
Let’s explore how the deposits work at Interac casinos with each: online and e-transfer.
Option 1: Interac Online
Step 1 – Selecting Interac Online
In the deposit section, first, select Interac Online, choose the amount you want to deposit and follow the instructions.
Confirm the amount – in CAD dollars – that you want to deposit and press “continue”.
If you want to opt for a sportsbook bonus or a casino bonus, you need to check the box “I want a bonus”.
Step 2 – Select your Banking Institution
Now you will have to choose your corresponding banking institution to transfer funds.
After selecting your bank, you will then be forwarded to the payment gateway which is handled by Gigadat.
While it seems like you can select from a good bunch of financial institutions/credit unions, you’ll see that it’s not the case (only actually available to First Nations Bank of Canada, RBC Royal Bank and TD Canada Trust).
We’re not sure why online casinos do this, but just take note that if your bank/credit union is not available then you’ll have to click on “Cancel” and select Interac e-Transfer instead.
For this example, with Interac Online, we selected RBC Royal Bank.
Step 3 – Confirm your transaction via your Bank Institution and Interac
You will be then transferred to your corresponding bank’s website to process the transaction.
Step 4 – You can now check that your funds have been transferred successfully
Option 2: Interac e Transfer Casino
Step 1 – Choose Interac e-Transfer
In this step, you will need to choose the option Interac e-transfer and the amount that you want to deposit.
Remember to click to apply for any bonus in this step.
Step 2 – Select your Bank Institution
Choose your corresponding financial institution/credit union to deposit funds from. Apart from the biggest Banks in Canada, you will also have a list of financial institutions/credit unions you can choose from.
Unlike Interac Online, all of these options are viable which is the main advantage of using Interac e-Transfer over Interac Online to deposit at online casinos.
Step 3 – Follow the deposit guidelines provided
You need to provide the final recipient email, the amount you want to deposit and the given code that identifies your transaction.
If you have any questions or problems during the process, do not hesitate to contact the customer service of Interac or the online casino you struggle with.
Interac Deposit Online Casino Limits per Transaction
Although the minimum Interac e transfer transaction is $0.01 and the maximum is $3,000, this does not necessarily mean that you will be able to deposit as little as the mentioned amount. The minimum deposit is also fixed by the online casino itself.
It is also worth mentioning that there are hourly and daily limits fixed by Interac: For any 24 hours, you can send up to $3,000. For any 7 days, you can send up to $10,000.
When it comes to online casinos and betting sites, they normally have a minimum deposit of 10 $ with Interac, but there are a few exceptions. Depending if you are choosing Interac Online or e-Transfer the minimum deposit may differ, but in most cases, it tends to be the same.
- For Interac Online: There is a minimum deposit of $10 and a maximum of $2,500.
- Interac e-Transfer: begins at $25 and goes all the way to $25,000.
So, as you can see, Interac Online is more restricted, although you can start -in most cases – by depositing smaller amounts, compared to Interac e-transfer casinos where the minimum amount starts a bit upper, but it has the perk to allow you to get bigger amounts in the case you decide to withdraw your winnings from the online casino.
Can I Get a Bonus if I Deposit with Interac e Transfer at Casinos?
Yes, definitely. You will be able to receive extra free bets or use a sportsbook bonus, as well as casino bonuses when you deposit, no matter what payment method you use (except for Neteller and Skrill, in some cases).
In general, any time you make a new deposit you will be able to enjoy different offers provided by the casino. Interac does not have any restrictions regarding bonuses at casinos or sportsbooks.
How to Withdraw from an Online Casino Using Interac
Withdrawing is as simple as going into the “My Account” section and clicking on “Withdraw”. Follow these steps:
- Log into your account and go to the cashier section.
- Choose Interac to withdraw your winning.
- Confirm your personal details and enter the amount you wish to withdraw.
- You will receive a confirmation via e-mail when your funds are ready.
If it is your very first time withdrawing from this particular online casino, they may ask you for proof of identity before processing the transaction. But you could also be asked for:
- Proof of Address.
- Proof of Payment Method.
During this period, the withdrawal request is put on hold until those items are verified. Some casinos accept Interac and do not request such information for small amounts. You can check those in our guide to no verification casinos in Canada.
You also want to be sure that there are no wagering requirements due in case you have made use of a casino or sportsbook bonus. If that’s the case, your withdrawal request will not go through.
If all looks good, you now need to wait for the approval of your withdrawal request. It might take as little as one hour or less or some days, depending on the online casino. We have selected a list of casinos with Instant withdrawals for you to choose those with the fastest payout times.
How the Funds are Processed at Interac e Transfer Casinos
Commonly, It is Gigadat who handles the processing of the funds.
Due to some players developing a case of buyer’s remorse after losing, or simply planning to defraud the merchant.
Therefore, merchants and banks need an intermediary system that minimizes the risk of chargebacks.
Gigadat does exactly that through their Interac processing service for pay-ins and payouts. Since players cannot reverse a transaction after it is deposited, the rate of successful transactions is near 100%.
These transactions should appear to the bank simply as “Gigadat” and not show the source of the funds on the first pass.
This allows cashouts to some banks that most often reject any suspected gambling transaction. You may be interested in checking our list of Gigdat casinos here.
Evaluating Canada’s Top Interac Casinos: Our Methodology
To identify the best Interac casinos in Canada, our team employs a comprehensive evaluation process that encompasses anonymous testing, real-money gameplay, and extensive industry research.
We undertake our evaluations under the radar to ensure that our results genuinely reflect the experience of an average Canadian player. By accessing these platforms without revealing our identity, we can impartially assess their performance, features, and user-friendliness.
Real Money Evaluations
For a genuine perspective, we play with real funds at the Interac casinos we’re reviewing. This allows us to provide valuable feedback for actual paying customers, examining the deposit processes, the efficiency of withdrawals, and the overall transaction journey.
Broad Market Research
Our team has delved into and reviewed over 500 online casinos in Canada to craft a comprehensive rating system. This exhaustive study enables us to compile rankings of the premier Canadian gaming sites, highlighting those that offer Interac as a payment option.
Alternatives to Interac to Make Transactions at Online Casinos & Betting Sites
If Interac does not meet your requirements or expectations, there are other popular payment methods that work with online gambling sites, such as:
- Muchbetter: A fast payment method that works for deposits and withdrawals in Canada. Find all Muchbetter casinos available in Canada here.
- PayPal: Although only available at some online casinos and only in Ontario-regulated sites. Find more information about PayPal casinos here.
- Debit/Credit Cards: You can use your own cards directly in the online casino by using your number and personal code.
- Instadebit and iDebit: Allows fast and instant transactions and works smoothly at most online gambling sites in Canada.
FAQ – Interac e Transfer Casinos & Betting Sites
Yes, Interac is a safe and secure payment method for online gambling transactions. It uses advanced encryption and security protocols to protect your personal and financial information, which makes it a secure payment option for online transactions, including online gambling. Additionally, Interac has a fraud prevention team that monitors transactions and can detect and prevent suspicious activity.
In general, Interac itself does not charge fees for its services. However, some banks may charge fees for using their online banking services, including transferring funds to online casinos. These fees can vary depending on the bank and the specific account you have with them.
Interac deposits are typically processed instantly, meaning the funds should be available in your online casino account immediately after the deposit is made.
Interac withdrawals typically take 1-3 business days to process, although the exact timeframe can vary depending on the casino’s policies and the time of day the withdrawal is initiated. Once the withdrawal is processed by the casino, it may take an additional 1-3 business days for the funds to be available in your bank account.
Yes, you can use Interac for online betting at sportsbooks in Canada. Interac is a popular payment method in Canada, and many online sportsbooks accept Interac as a payment option for deposits and withdrawals.
No, Interac is currently only available for use in Canada. However, there are other similar payment methods available in other countries that offer similar services for online gambling transactions.
Yes, you can. By using Interac e transfer you’ll be able to deposit and withdraw funds directly from your bank account funds.