Author:
Pilot Heidi Kennedy
Last Updated:
15/08/2022
Experiences:
Head of Casino Operations
Experiences:
Head of Casino Operations
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Table of Content
- Making an online casino payment with Interac – trusted and efficient solutions
- Deposits and payouts with Interac: average waiting times
- Verification: the foundational element of using Interac casinos
- The history of Interac – how Interac casinos became a reality
- Interac compared to other providers – the top 3 reasons to play at an online casino with Interac
- Three essential facts about using an Interac deposit online casino
- Conclusion – we can help you find an online casino with Interac
- Interac casinos in Canada FAQ
Making an online casino payment with Interac – trusted and efficient solutions
Interac provides two payment solutions to online casino players in Canada: Interac Online and Interac e-Transfer. While both are widely available at online casinos, they’re not made equally. With Interac Online, you can only make deposits at online casinos by sending funds directly from your bank account to your casino account. Interac e-Transfer, on the other hand, can process both deposits and withdrawals.
Interac e-Transfer makes it easy to transfer funds between your casino and bank account via online or mobile banking with your email address or mobile phone number. Also, the transactions made through Interac e-Transfer are processed by Gigadat, the trusted third-party payment processor. This results in a simple payment process without compromising safety.
How to deposit with Interac e-Transfer
Interac can be used as a payment method at any interac e-transfer casino recommended here at PlayersBest. Depending on where you decide to sign up, please remember that the Interac payment process isn’t the same at every online casino. However, depositing via Interac e-Transfer is a quick and straightforward process at all Interac casinos featured on our site. This is the step-by-step guide that you will need to follow at most Interac casinos in Canada:
- Log into your account, go to the cashier, and select the deposit option.
- In the list of available deposit options, find and select Interac e-Transfer.
- From the fund deposit page, follow the prompts to open your online or mobile banking account.
- Choose Interac e-Transfer from within your online banking account and select Gigadat as the recipient.
- Enter the security message and recipient email as instructed on the fund deposit page, and enter your chosen deposit amount.
- If you have the auto-deposit feature enabled, you may need to enter a security answer.
- Finally, you can complete the transaction by clicking the ”return to merchant” button.
Payments with Interac are made using Canadian Dollars, which means there are no currency conversion fees. Also, the fees charged by participating banks are as low as $0.50 to $1.50 per transaction. These fees are flat rates that do not increase based on the amounts that you transfer to and from your online casino account.
How to withdraw at an online casino using Interac e-Transfer
To withdraw funds using Interac e-Transfer, it is highly recommended that you enable the auto-deposit feature. When you activate the auto-deposit feature, you won’t have to enter processing instructions, passwords, and security messages each time you make a transaction. This makes the withdrawal process greatly simplified. The entire process often requires only that you enter your chosen withdrawal amount and click the withdraw button to submit the request.
The withdrawal process is simple but requires a few more steps to complete without the deposit feature enabled. Simply submit the request and wait for confirmation from the casino. Check your email inbox or text messages for confirmation, and then log into your online banking or mobile app and follow the instructions. Once you answer the security questions, the online casino will process the request.
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Deposits and payouts with Interac: average waiting times
Interac payment solutions are fast and hassle-free. In most cases, your deposit is processed within 30 minutes. However, the auto-deposit option saves time and makes deposits much easier and faster. You can enable the auto-deposit feature to deposit funds into your account automatically without the need to enter passwords, security messages and other processing instructions with every transaction. Compared to traditional banking methods such as Visa and Mastercard, Interac payments are lightning-fast. If you ever have to wait longer than 30 minutes, you should contact customer support. We test every Interac casino Canada has to offer, and the ones we recommend all give you Interac deposits that are almost always processed instantaneously.
The average payout time at an Interac e-Transfer casino in Canada
All withdrawal requests must first be approved by the online casino, which is out of Interac’s control. So unlike the deposits that are processed instantly, Interac withdrawals take between 1-3 business days to be completed, which is the industry standard. The majority of our recommended Interac casinos have 24/7 customer support, so if you ever need information on the status of your payout, don’t hesitate to get in touch.
Verification: the foundational element of using Interac casinos
Interac e-Transfer is one of the most popular payment methods for Canadian casino players. It connects seamlessly to a Canadian bank account, and the levels of safety and encryption that come with the Canadian bank account carry over to the Interac payment method. To use Interac, players need to open a bank account with a Canadian financial institution. Otherwise, Interac will not be an available payment method.
Fortunately, Interac works with over 250 banks, credit unions and financial institutions. Because of this, Interac has bank-level security and is widely available to Canadians. Players will need to provide information such as name, email address, and phone number for verification purposes. Also, users need to provide answers to security questions to set up and use Interac e-Transfers. The verification process is a key foundational element of using Interac, and all players are required to follow the initial verification procedure while processing deposits and withdrawals. If players don’t take the steps to verify their identification, the financial institution will refuse to provide Interac payment solutions.
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The history of Interac – how Interac casinos became a reality
The network was launched in 1984 by the Interac Association and has since made huge developments. For example, Interac’s partnership with Gigadat enabled the payment solutions to reach more customers, including players in the ever-growing online casino industry. The move has made it possible to deposit and withdraw at online casinos using Interac eTransfer and Interac Online services. To better understand Interac, let us give you an insight into the milestones and developments that have been made since 1984:
- 1996 – New online payment services were made available for the first time. Interac displayed its forward-thinking by creating the Interac Debit and Interac e-Transfer payment solutions.
- 2007 – Interac announced the move from magnetic stripe to EMV chip card technology. This new technology provides much higher levels of encryption when compared to the old magnetic stripes.
- 2018 – A year of milestones; 2018 marks the year of the first Interac deposit online casino, and 6.6 billion transactions were processed via Interac in 2018 alone. Also, 2018 was when the Acxsys Corporation and Interac Association joined forces to become one entity called the Interac Corporation.
- 2019 – Interac acquired the 2Keys Corporation, an industry-leading security company specializing in digital identity and cyber security solutions. The acquisition of 2Keys marks a massive milestone in protecting the network and providing customers with the safe use of their identity, information and funds.
- 2021 – Interac received exclusive rights to use SecureKey digital ID services in Canada. This move simplifies and strengthens the security of the transaction process and enhances the user experience even further.
Interac works with over 250 Canadian financial institutions, making it easy to sign up at an Interac casino in Canada and deposit safely. All of the online casinos that we recommend have been thoroughly reviewed for security and encryption. Therefore, you can be sure that the best Interac casinos are found here at PlayersBest.
Interac compared to other providers – the top 3 reasons to play at an online casino with Interac
If you’re an online casino player in Canada, carry out a quick casino comparison, and you’ll find a variety of ways to deposit into your online casino account and withdraw funds. Despite the various methods to deposit and withdraw, Interac is often the first choice for Canadian casino players due to its advantages, such as fast transactions and excellent security. Here are some key areas where Interac outshines the competition:
Intuitive payment process
It’s all too common for players to experience difficulties making payments at online casinos. However, the same cannot be said about the best online casino that accepts Interac deposits and withdrawals. Interac is one of the best methods for making deposits and withdrawals at Canadian casinos. Interac utilizes the most advanced encryption technology to enable smooth payments. In addition, unlike many other online casino payment methods like Paysafecard and most credit cards, Interac gives you the chance to deposit and withdraw funds using e-Transfer.
Auto-deposit feature
Auto-deposit is an exclusive feature that makes Interac stand out from the crowd of competition. When you enable auto-deposit, your transactions are deposited automatically into your chosen account without going through additional steps. If Interac e-Transfer isn’t efficient enough for your needs, the auto-deposit feature makes transfers even more convenient. You don’t have to wait for hours or even days to play with your deposit; auto deposits let you start online betting in minutes.
Little to no fees
With little to no fees, Interac casino payments have become extremely popular. Unlike traditional payments like credit and debit cards, you’ll find that most Interac deposit casinos do not charge any fees for deposits or withdrawals. However, it’s essential to know that some banks charge their own fees, so you should check with your provider before making a deposit.
As you can tell, Interac has an awful lot to offer. These three areas are just some of the ways in which Interac outperforms the competition. As a result, many players believe that Interac is the best payment method at online casinos in Canada. But ultimately, you’ll have to sign up at an online casino with Interac to experience the advantages and make a judgment for yourself.
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Three essential facts about using an Interac deposit online casino
There are many benefits to using Interac e-Transfer as an online casino banking method in Canada. The ease of use, fast transactions, and low fees are just some reasons why Canadian casino players prefer to use Interac instead of other payments like Paysafecard and Skrill, for example. But still, you shouldn’t blindly sign up at a casino with an Interac bonus because it has a bonus. You first need to understand the limitations and risks associated with Interac payments:
Conclusion – we can help you find an online casino with Interac
If you are a Canadian online casino player, you should consider using Interac e-Transfer as your payment method. Offering safe and secure transactions that are convenient and cost-effective, it’s no wonder why Interac has become the go-to payment solution for Canadian online casino players.
Sign up at an Interac deposit online casino rated by our review experts, and you can play with confidence in knowing that Interac has an excellent reputation for safe and efficient transactions.
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Interac casinos in Canada FAQ
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