Interac Online Casinos and Guide for Deposits and Withdrawals
Interac Online is a very popular payment service in Canada that is used for online payments. Interac Corp, which was formerly the Interac Association and Acxsys Corporation, has over 30 years of experience in the finance sector. The company averages over 17 million transactions per day, over 6 billion a year, which shows, that clients trust the provider. Hundreds of thousands of vendors accept this payment method. The company offers different products, including Interac Cash, Interac Debit, Interac Flash, Interac e-Transfer and Interac Online, which is most interesting to online casino players.
Top Interac Online Casinos in 2023
Here you can find our top picks for casinos that accept Interac Online as a payment method. There are currently not many casinos available, but we think that there will be more in the future. All these casinos are licensed by a reputable jurisdiction and tested regularly for compliance.
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Table of contents:
How does Interac Online work?
Interac offers different types of payment products that are similar but work slightly different. Online casino players will probably find Interac Online most interesting, as it's a convenient payment method for online casinos. You can use Interac Online to deposit money directly from your bank account into your casino player account.
The payment method is very safe, as payment details are not shared with the merchant, and it is also a good means to control your spending, as you are not able to spend more than you have in your bank account. Interac will process the transfer from your bank to the merchant on your behalf and act as an intermediary, eliminating the time it takes for a normal bank transfer.
Other Interac products include Interac Debit, that allows you to make debit payments at over 500,000 vendors in Canada and allows for secure and fast payments directly from your bank account. Mobile Interac Flash is a payment methods that allows you to make a mobile payments at participating vendors.
The transactions are secured through detection limits and passcode verifications. This payment method is currently only available through the RBC and Scotia bank mobile wallets and Mobile Pay, but it is expected that this payment method will grow in the future.
With the Interac e-Transfer you can receive payments from other bank accounts or send and receive funds through an e-mail address or your mobile phone number that is linked to a Canadian bank account. More information about the products of Interac can be found on their website ↱.
Advantages and disadvantages of using Interac Online at casinos
- Fast method to transfer money directly from the bank account
- Very safe to use
- Withdrawals are possible
- Allows for control of spending
- Fees may apply from the bank
- Transactions appear on bank statements
How to use Interac Online for the casino deposit
A casino deposit with Interac is a safe method to deposit funds into your player account with Canadian Dollar. Follow these steps to make the payment.
1. Register a user account at an Interac casino.
2. Select Interac online for the transfer.
3. Enter the amount you wish to play with.
4. Select your bank and enter your online banking details.
5. Confirm the payment with your online banking.
6. Start playing the game with your funds once the transaction has been processed.
Casino withdrawal with Interac Online
Interac Online can also be used for the withdrawal at a casino. If you've previously used it for the deposit you can also select it from the list of available options for the withdrawal.
Fees may apply to the withdrawal, but these depend on your bank and if the casino charges them. Take a look at the casino's policies for more information about the payment fees. You can see casinos without fees here.
Interac Online is a very safe method to deposit and withdraw funds into and from your player account. However, this payment method is only available for players that have a Canadian bank account, so players from other countries are out of luck. This instant banking method is a very popular payment method in Canada, and is proven to be reliable and convenient. Only players who don't wish to see casino payments on their bank statements should choose a different payment method, for example Neteller, as this is more discreet than this instant bank transfer.
Interac Online FAQ
Interac Online supports payments in Canadian Dollar and US Dollar. Payments sent to foreign accounts will be converted into the receiving currency, which will cost fees.
In some cases, consumers may be charged a fee for using the service. You can find these in your service agreement with Interac. It can also happen that your bank charges fees, or in some cases, the casinos charge fees for deposits and/or withdrawals, so, take a look at the casino's terms.
Interac Online and Interac E-Transfer are very popular payment options in Canada, and they are used o make payments online at shops or many other merchant websites, including casinos.
You can use Interac Online at casinos to quickly deposit money into your casino player account directly from your bank account. The transaction is processed instantly, and you can start playing slots for real money.
You can also use Interac Online for the casino withdrawal if you've used it for the deposit as well.
Overall, Interac Online is a good alternative for players who don't wish to use their debit or credit card at the casino, and instead use an instant bank transfer.
A payment made with Interac Online is carried out within moments, after the payment was confirmed by the bank. The withdrawal time depends on the casino, as each casino will perform checks before processing a withdrawal, which can take a few hours, up to a few days.
Remember, that it's likely that you need to verify your identity with the casino provider, so keep in mind that this may prolong your first withdrawal request. After the withdrawal has been processed by the casino it shouldn't take very long for you to receive the money.
Interac Online is available in many mobile and online casinos, as well as Interac e-Transfer. You can find some of the best casinos here at CasinoDaemon.com. Many of these casinos also accept payments in CAD.
Interac Online transfers to online casinos can be made starting from C$10, but the casinos set their own rules for minimum amounts as well, which can be higher. The maximum transaction amount is C$2,500, but this can vary also with limits from your own bank.
Interac Corp is a Canadian company with decades of experience in the financial market. Their headquarters are in Toronto, Canada.
Many players from Canada are welcome to take advantage of a casino bonus, which is also available when they make the payment with Interac Online. Remember that casino bonuses are subject to terms and conditions, and we recommend reading them carefully.
Interac Corp is a Canadian fintech company with different products for payments, including Interac E-Transfer and Interac Online, that you can use to make payments to online casinos. The company has a long-standing history, dating over 30 years back and making it one of the oldest payment-providers in Canada.
Payments made with Interac Online are secured through SSL and the company also ensures that their user data is kept in secure locations. Interac payments are also secure for the user, as a transaction has to be confirmed by the security feature of your bank, which means that as long as your banking details are safe and not compromised, you won't have to worry. Your online banking details or other private information is not shared with anyone either.