Canadians who gamble online have long been faced with a common problem - How can I safely and quickly deposit money at a casino? Well, look no further because Interac casinos provide the perfect solution to this problem. A growing number of Canada’s best online casinos are accepting the most popular money transfer method we have as a payment option: Interac. It’s fast, it’s secure and it’s the perfect payment solution for all your online gambling needs. This includes Interac being offered at the top online casinos in Ontario from April 2022.
Although many Canadians are familiar with Interac, you might be asking yourself how it works in relation to online casino and live casino payments. We’ve got you covered - keep reading and you’ll be ready to play at one of the top Interac casino sites in no time.
Interac is a Canadian-based interbank network established in 1984 that serves to exchange electronic financial transactions. Nowadays, it’s one of the most common ways to send and receive money in Canada.
When it’s used as a payment method for online gambling and casinos, the Interac Online payment system transfers money from your bank account, into your Interac Online account and finally into your casino wallet for you to play with.
There is an impressive amount of qualities that make Interac the best payment method for online gambling at sportsbooks and leading casinos, including:
Interac deposits are treated just like any other deposit by Canadian online casinos and top betting sites. Interac also offers a variety of payment methods and services that can help with all your gambling needs:
Interac is the preferred choice across online casinos, including fast payout casinos, ensuring efficient and speedy transactions.
Interac withdrawal minimums and maximums are established by the online casinos themselves. Withdrawal minimums are normally in the neighbourhood of C$50, whereas maximums vary from casino to casino.
Interac has a current deposit minimum of C$25. This is subject to change, but has most recently been reduced from C$75 to C$25 on January 2nd, 2020. Regardless, many minimum deposit casinos typically require around C$10 to start a real money account.
Interac has quickly become the most common online payment option for Canadian online casinos and online slots Canada. Because of its ease, security and convenience, players feel comfortable using it and casinos are thrilled that it exists.
The truth is, the majority of reputable Canadian online casinos now accept Interac payments that are processed in mere moments. The following are some of the most popular options:
Betway Casino (C$1750 bonus)
Gate777 (C$1000 bonus + 100 free spins)
Spin Casino (Exclusive C$2000 bonus)
LeoVegas (C$1000 bonus + 22 free spins)
Kassu (C$1500 bonus + 300 free spins)
Casino Gods (C$1500 bonus + 300 free spins)
As noted, signing up for an Interac account is extremely straightforward. It doesn’t require any complicated registration or approval procedure. All you need is a Canada bank account with a participating banking institution. Then, you will be able to sign up for an Interac account within your institution’s online banking system using your bank account credentials.
Like setting up your account, depositing funds into your casino wallet is a breeze using Interac. All you have to do is:
It’s worth mentioning that Gigadat Casino Solutions is the service provider that Canadian casinos use to process Interac deposits. Therefore, don’t be alarmed if you see Gigadat Casino Solutions listed as the Payee or Company in your transaction. Gigadat is another Canadian company and can be considered an extension of Interac casinos in Canada.
Many of you have probably already used Interac eTransfers to send money to friends and family, and some casinos are also making use of it as an easy money transfer option in addition to Interac Online. All you have to do is find a casino site that accepts Interac eTransfers and you’ll be walked through the process step by step.
Here at Gambling.com, our team of experts who have decades of experience between them have scoured the internet to find the best online casinos that accept Interac as a payment method. There are multiple features that are of paramount importance to us which we evaluate before recommending any online casino to you, the reader. Here are just some of features we check out, scrutinise and test before coming up with our final verdict on whether any online casino that accepts Interac is up to scratch.
As Interac is a relatively new payment method, you might have difficulty finding sports betting sites that do accept it. However, they are growing fast and it’s only a matter of time before more top bookies begin accepting Interac as a means of deposits and withdrawals.
However, betting with is possible with a number of sports betting sites. LeoVegas, Betway and Royal Panda are three platforms which have made it possible to deploy Interac sports betting, and all of them come highly recommended from the team here at Gambling.com come highly recommended in terms of sports betting and their Interac betting offers.
However, there are some important notes you should be aware of when signing up to a sports betting site that accepts Interac. For example, Interac is only available for customers for depositing funds, meaning you will need a different method to withdraw any of your winnings.
Everyone loves free bets and free spins or a juicy welcome bonus, and they are a great way for online casinos or betting sites to reward new and loyal customers for using their platform. You can earn free spins and bets using Interac at most of on our online casinos that are recommended on this page. All you need to do is match the deposit amount required and place an appropriate sized state to be rewarded!
The types of bonuses up for grabs will vary, and we recommend checking out each operators terms and conditions to check out exactly what steps you must complete to avail of your free spin or free bet, and also familiarise yourself with any potential wagering requirements. As a general rule, here are the three main types of bonuses available when signing up to an online casino or betting sites with Interac.
Free Spins - use Interac for your casino deposit to play on a specific casino game where staking a certain amount will trigger the release of free spins on that slot or game to allow you to spin and win more without risking further funds.
Free Bets - after making a deposit with Interact at a sports betting site and then placing a bet on a specific sport or event which will then allocate a free bet for you to use on the same event, sport or a completely different market. Can also form part of an Interac welcome offer or sign up bonus with an online betting site.
Casino Bonus - earn a Casino Bonus like matched funds, a percentage of an original bonus added as free to play cash or a deposit bonus that matches all or part of an initial amount after your deposit to one of the leading online casinos using Interac. This is a great way for a new casino player to build their bankroll with more real money.
Enhanced Odds - Usually available with online betting sites, enhanced odds on a certain event, usually a marquee event aired on live TV, will be offered after new customers make their first deposit with Interac. Often certain stipulations apply here in terms of max bet, max payout and payout terms.
Interac charges a small, flat fee to transfer money, usually ranging from C$1-2 depending on your banking institution. Some institutions even offer free transfers to their customers, so make sure to consult your bank’s terms and conditions.
Using Interac at online casinos is extremely safe as it makes use of the combined security measures of your banking institution and Interac themselves. Your personal information is never shared with the online casino and is protected by encryption software.
There are some small fees charged per transfer, both from Interac and possibly from the casino of your choice. These fees are always made clear before the transfer and depend on your banking institution and casino account.
Alternative payment methods exist for those who do not wish to use Interac. A full list of payment option available to Canadian players can be found on our definite payment method list.
Interac is an amazing platform which can be used for online gambling, and there are a few key reasons why. Firstly, Interac implements various security measures to ensure all of your transactions are kept safe and secure. Your banking details are kept completely private, meaning the online betting site has no record of your bank details.
Interac offers numerous benefits for online casino enthusiasts, but it's not without its disadvantages. Users incur transaction fees for each transfer, and its availability is restricted to Canada, leaving international players without this option. Furthermore, not all Canadian casinos and sportsbooks accept Interac, and finding platforms that support Interac withdrawals can be challenging, as they are not widely available.
Withdrawals to your Interac account can vary from casino to casino, and we recommend checking your chosen operators terms and conditions before signing up. However, at casino which do accept casino withdrawals all you have to do is select Interac when you go to take out your cash.
Yes! You can use Interac at all your favourite Canadian slots sites with ease. All of the casinos listed on this page have been fully verified to accept Interac, and they all offer premium slot games as well as other casino options.
Interac Flash is a contactless feature offered by Interac. It allows you to pay for everyday purchase under C$50 direclty from your bank account using Interac. It’s simple with Interac’s chip-based technology all you must do is just tap and pay and you’re good to go!
Unfortunately, this service is only available in Canada and you must have an account with a Canadian bank account to use this service. Check with your local bank if they offer Interac e-Transfers, although the majority do in this case.