Through decades, Canadian casino players have been gambling online with one problem: how to deposit money? Credit cards were soon restricted from gambling after they had been overused by casino players. Debit cards are a good option too, but many players don’t like trotting out their bank credentials at the casino. Most trusted online casinos offer secure and easy-to-use deposit methods — Interac Online and Interac e-Transfer. Both of them process payments with Gigadat Inc. Today, it is the fastest growing payment solution for Canadian gamblers. Money transfers made by Interac are accepted by all banks in Canada. The best thing about Interac service is that you can both deposit and withdraw your winnings instantly.
Interac Online Casinos In Canada
Before we get to all the advantages of Interac, we’d like to recommend to you the best casino operators which offer Interac as their deposit and withdrawal method.
Why Canadians Prefer Interac
In fact, reputable online casinos employ only those deposit and withdrawal methods that can transfer money safely, which is why you can find Interac in almost every Canadian online casino. The sole purpose of Interac company is to protect users’ sensitive information be it banking details or personal data. Safety is the main reason why casinos and its players select Interac. But there are some other great reasons to choose Interac over other payment solutions.
- Simple to use. Making a deposit has never been so easy. You don’t need to insert additional passwords or any of your personal information.
- Charge-free. Interac doesn’t set additional or hidden charges for transactions. The only charge is the one made with your bank.
- High-end security. Interac uses safe and secure encryption technology as well as their own security service to protect users with the ultimate safety.
- Availability. You can find the Interac payment method at all the most reliable Canadian casinos.
Canadian Banks That Accept Interac Payments
All Canadian banks accept transfers made with Interac Online and Interac e-Transfer. However, if you use Interac Online, you must buy a card and bank account. But any card will not do. For example, Visa debit cards don’t support Interac online. So, choose your card wisely. In case with Interac e-Transfer it’s much easier since all Canadian banks accept it. Here’s the list of banks that allow casino transactions with Interac service:
- TD Canada Trust
- First Nations Bank
- RBC Royal Bank of Canada
- Dozens of Credit Unions
Gigadat Solutions For Online Casinos
When you use Interac for deposits, then you will also meet with Gigadat Inc. which is a provider that processes deposits for gambling sites. Those casinos that we listed above use Gigadat to transfer your money from online bank to your casino. Gigadat is a Canadian company based in Manitoba in 2013. They offer solutions for e-gaming which also include Express Connect e-wallet.
Deposits With Interac Online
Interac deposits are surprisingly straightforward which is why the process takes very little time and effort. This is how you can deposit at online casinos using Interac:
- Sign up with a casino that accepts Interac and proceed to the banking page to find the Deposit option.
- Select Interac Online among the offered deposit options.
- In a new tab, select your financial institution from the list.
- Complete the transaction with your financial institution’s banking portal.
- Go back to the casino and enjoy real money games.
Deposits With Interac e-Transfer
In addition to Interac Online, many casinos suggest the Interac e-Transfer option to let players send money at the casino as easily as sending money to friends. These are a few steps to follow for making Interac e-Transfer deposit:
- On the banking page of a casino, choose Interac e-Transfer as a deposit method.
- Type an amount of money you wish to play with games.
- Fill in the information for your bank in a new screen.
- Log in with your bank.
- Add a new recipient in e-Transfer screen.
- Fill in the message field with the given information.
- Send the e-Transfer.
- Go back to your casino to verify your funds.
Withdraw Winnings Using Interac e-Transfer
You can withdraw your winnings with Interac e-Transfer. There is a minimum withdrawal amount for Interac payout — $25. When you complete withdrawal, the casino will use your email to send the money. So, make sure to provide your correct email address. Here’s how to withdraw your money from a casino using Interac e-Transfer:
- Go to your casino cashier.
- Select e-Transfer from a list of withdrawal options.
- Enter the amount of money you wish to cash out and complete the request.
Payout times vary depending on the online casino. However, most of the time, the transaction is super fast.
Keep in mind that your first withdrawal from a casino will generally require you to send them your ID or other identity proof to ensure the transaction is requested by you. This is a standard security measure which is why you need to be concerned if your casino doesn’t ask you for the documents. It can be illegitimate.
On the other hand, if you don’t want to provide any documents at a casino then you can sign up with a casino that doesn’t require them. But this option is available only if you use specific payment options such as Trustly, PayPal, or MuchBetter. Read about no documents online casinos in our gambling blog.
Interac Transaction Fees
Normally, Interac online casinos and fees are two things that don’t come together. And most casino sites will not apply any fees for transactions regardless of a payment method you use. If you notice that your casino charges you for transaction, it is done at its sole discretion.
There is one exclusion when you use Interac e-transfer. Your casino may charge you $1 fee for making a deposit using this payment system. It is a fixed rate and doesn’t vary depending on the amount of deposit.
Advantages & Disadvantages of Interac
Many gamblers in Canada would say that Interac is a convenient thing. However, some players will point to the key disadvantages of this banking option. So, let’s look at all these points in favor and against Interac.
Advantages
- Easy to register
- Safe to use
- Instant transactions
- Low fees compared to other methods
- Compatible with mobile devices
- Secure navigation
- Canadian players are accepted
Disadvantages
- Available in Canada only
- Fees can occur for some transactions
- If you are a CIBC customer, you cannot use Interac
- In some casinos, you might be asked to use other withdrawal method
Interac Casino Bonuses
Most gamblers are waiting for special bonuses from online casinos when they use a certain method for deposits. This may be true sometimes. For example, some casinos will reward you for using Neosurf vouchers for deposits. And on the contrary, some sites will forfeit the welcome bonus if you choose Neteller or Skrill for your first deposit.
Speaking of Interac, there is nothing like that. Usually, online casinos do not offer you a bonus or a bunch of free spins for using a certain method. However, you can get your welcome bonus if you are a new player or a reload bonus if you are an existing customer at a site when depositing with any banking option, including Interac.
This is a normal deposit bonus which often bears special terms of usage. For instance, you have to complete wagering requirements for the bonus or free spins, and you will normally do so before you can withdraw the winnings.
Timeframes of Interac Transactions
Deposit and withdrawal times are pretty fast when you use Interac methods. When you make a deposit, the transaction is processed in an instant. So, you don’t need to wait for some minutes before you can start playing. Just refresh the casinos page and see your balance updated. Sometimes, though, you can wait for up to 30 minutes, but this is a rare case.
When it comes to payouts, you may find yourself in two situations. The first is when a casino doesn’t accept withdrawals using Interac. In this case, you will be asked to pick another payment method. Or the casino will automatically transfer the money via a bank transfer service which isn’t the best option due to its slow transaction.
The second case is that your casino will allow you to withdraw via Interac, but the process will take longer than deposit. And when you choose Interac for cash-outs, you may wait a few hours or a few days. This depends on the load of work the casino and the service have. Sometimes, Interac users can wait for up to 5 days to see their winnings, while other users wait just a couple of hours.
Customer Service at Interac
Payment services always bear a concept of trouble. And although Interac is safe, secure and fast, its customers need help every day. They will need support in anything from a question about how to register to the problem with a failed transaction. All these can happen anytime due to unknown reasons.
And exactly for these cases, their dedicated customer support exists. The official Interac website features a support page with several ways to get in touch. The most common contact method is to fill in the enquiry form describing your question or problem with Interac. The other way to get in touch with the support team is to call them on the phone number +1 888 238 6433. Besides, you can send an email with your issue to the Canadian address etransfer_support@interac.ca. Wait for the reply in a few minutes.
Alternative Methods to Interac
Interac is a nice and convenient payment method, but you are not limited to this only option. Online casinos offer various banking methods to choose from ranging from credit cards to e-wallets and cryptocurrency methods. You can try Skrill, Neteller, ecoPayz, PayPal, Trustly and others. So, don’t get upset if your online casino doesn’t have an interac logo in the footer. You still have major credit and debit card methods. However, their downside is the fees. Though, not all Canadian sites have fees with credit cards.
If you have an Interac account, obviously you have it in the bank too. So, bank transfers can also be used to conduct deposits and withdrawals. They may not be the best options in terms of speed as they process transactions during 3-5 days or longer. But this banking method is safe to use which is very important when we speak about online gambling.
Final Thoughts
If safety and trust are main principles for you, then Interac will be the best option. When a casino offers Interac Online or Interac e-Transfer, you know it’s a reliable casino. Besides, all banks are linked to this service which is again a proof of trust.
Most Canadian players prefer being anonymous while gambling online. And Interac helps these players stay hidden but safe at the same time. Interac only requires the number of your Client Card and your banking pin. You don’t need to provide your full name, current address and credit card information. Interac was made for casino players who look for safe methods to protect their data and money.
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