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What is Interac and how to use it?

Nowadays there are plenty of new online payment systems appearing almost every day on the web. Such an abundance tends to puzzle customers in different countries across the world given the lack of quality reviews with all the pros and cons of a particular money transaction system carefully weighed.

Especially when it comes to gambling at online casinos, where it is vitally important to choose a safe banking method to make deposits and withdraw one’s winnings, opting for the right payment system becomes an issue which every player should carefully consider before starting to play for real money.

Hopefully, there also are online banking services with time proven reliability such as Interac, a payment system which has been successfully guaranteeing the safety of deposits and the convenience of money transfers in Canada for several decades. Many gambling stars underline that if you choose online casino that accepts Interac the deposits will become an easy thing to make.

Interac is a non-profit company which has been providing a wide variety of banking services in Canada since 1984. Initially it was established as a debit card system but nowadays Interac facilitates many innovative ways of payment. It is a very popular banking service among the residents of Canada for making e-commerce transactions and internet gambling.

Since these are top banks which are standing behind Interac it is a completely safe online payment service. In Canada, many people like it because there is almost always one and the same fee is charged regardless of the sum of your deposits. Depending on your bank the fee can be $1 or $1.50. As you will see from our review if you choose Interac payment can be made in a safe and convenient way. One can use this banking method in some of the best online casinos in Canada to make deposits as well as to withdraw money.

How to deposit money to a casino account via Interac?

In order to make an Interac casino deposit you should, first of all, find the guidelines for using it as a safe payment method provided by any of Toronto online casinos or one of your personal favorite casino. After that, you should go to the webpage of your bank and choose Interac online payment option. Next, you will be asked to enter the sum of the deposit, the name of your gambling venue (as is prescribed in the guidelines from your casino’s webpage) and the answer to the security question which will be sent to your e-mail address in 2-5 minutes after filling in your payment details. After the bank receives your answer the transfer is complete and you are ready to dive into the gambling rush at Vancouver online casinos of your choice. The whole process of making the gambling deposit in one of your favorite Interac online casinos will take about ten minutes.

In our review, we show how by using Interac online casino deposits can be made quickly and easily so that you can keep on gambling from the comfort of your home without worrying whether your payments are carried out in a sufficiently safe way. But don't forget that even if you are not comfortable with this method, an option like debit card casino Canada players can use anytime.

However, if you cannot make online casino Interac deposit operators in your region definitely have other safe payment options to choose. For example, try gambling in online casinos with eCheck and read our quick overview of this payment method.

How to withdraw money if I deposited via Interac?

It is possible to not only make deposits but also withdraw money from online casinos with Interac. However, you should first check whether your gambling venue allows such a kind of transaction being made with the payment system that we are reviewing, since the fact that in your casino Interac deposits are accepted still does not mean that you can withdraw money in the same way.

Usually, the withdrawal process will take 4-6 business days and the fee, as a rule, amounts to $4.00.

What are the advantages of using Interac?

There are numerous advantages in choosing Interac in internet gambling venues.

Summing up our review of Interac advantages, we want to emphasize that it is definitely the fastest way for the residents of Canada who are gambling online to make cash transaction in a safe way. But if you cannot play in Interac casinos online banking systems, of which there are plenty, should be available to you in your region.

What are the disadvantages of using Interac?

From our review, it should be clear why there are so many top online casinos allowing Interac deposits in Canada. But this payment system also has a few downsides which are worth mentioning:

If Interac is not available to you to arrange payment in your gambling venue, we encourage you to check our review of iDebit online casinos which support another safe payment method to make gambling deposits.

Interac globally

As we have already mentioned in our review, Interac has a more than 30 years’ history at Canada’s market of banking services. There about 65 000 ABMs operating with its logo. No wonder that Interac is so popular among the visitors of online gambling venues in Canada.

This banking service is also available in the US but not for making gambling deposits in online casinos. If you cannot use this payment system in your country of residence, check our review about the pros and cons of gambling in InstaDebit casinos online.

Is it safe to deposit money via Interac?

Interac is a completely safe payment system to use in online casinos. The highest security and financial privacy standards of this banking service are regularly being reviewed by the top financial institutions in Canada. Moreover, these are only legal casinos that are allowed to support Interac. It does not mean that gambling is legal only in an Interac casino, but if an online gambling venue has this banking service among its payment options, it definitely means that it is completely safe to play in.

Interac Casinos FAQ

Is It Safe to Gamble at Interac Casinos?
Absolutely! You can be sure that all Interac online casinos are completely safe and secure. These casinos hold the licenses issued by the biggest gambling authorities. Besides, they are regularly being tested by the world-famous third-party auditors. As for eCheck, this payment provider helps you stay anonymous since you don’t have to create any eCheck account or provide eCheck with your personal information. Finally, all your sensitive data is protected with SSL encryption, which doesn’t let any hackers steal it.
Are Interac Deposits Instant?
Interac promises to process your payments at the speed of light. Your money will be immediately sent to the casino after you confirm the deposit. You don’t have to wait until Interac processes your payment. It happens automatically and instantly. More than that, almost all Interac online casinos also offer instant deposits, which means that you can start playing for real money right after making the deposit. No more waiting for several hours! Enjoy your gambling process right away!
How Interac Casino Works?
Playing in an Interac casino is very easy and convenient. Believe it or not, you don’t have to open any Interac accounts before playing for real money. That’s right! All you need is an email address or a phone number. The most difficult thing you have to do is to check whether your bank cooperates with Interac. Everything else is as easy as ABC!

When you are ready to play for real, simply enter the banking page of your casino, select Interac, specify the amount of money you want to deposit and enter all the required bank details. After that, you will be asked to enter the secret code that will be sent to your email.

Do All Casinos Accept Interac Deposits?
Sadly, not all online casinos in the world offer Interac as the payment option. The reason for this is pretty obvious. Interac caters mainly to gamblers from Canada. At the same time, there are not so many gambling websites available to Canadian players.

Here is a good piece of news – you don’t have to dig deep into the internet to find those Interac casinos. All these sites are already gathered on this page, so simply open our list of Interac casinos and pick any of them.

Can I Use Interac for Winnings Withdrawals?
Unlike many other popular and convenient payment options, Interac offers not only deposits but for withdrawals as well. However, you should check whether this option is available in the Interac casino. If Interac is available for depositing, it doesn’t mean it is available for withdrawing your winnings.

Anyway, Interac makes it very easy to withdraw your winnings. The procedure is almost the same as in the case of depositing your money. However, you will have to wait some amount of time until your winnings appear at your bank account. It may take from several hours to a couple of days. Plus, most Interac casinos apply some fees to the withdrawals.

Do Interac Gambling Sites Offer Bonuses?
Without any doubts, all Interac gambling websites are literally packed with different bonuses and promotions. Nowadays, bonuses are what makes attracts players’ attention. That’s why you can benefit from various bonus types in the Interac casinos. These include welcome bonuses, no-deposit bonuses, deposit bonuses, reload bonuses, cash-back bonuses, free spins, and many other bonuses that are changing on a regular basis. On top of that, you can enter the VIP program that is offered almost in each Interac gambling site. The rules are pretty simple – the more you play, the more prizes you get.
What are the Benefits of Using Interac in a Casino?
There are many reasons why Interac is worth using. First of all, the security measures used by Interac make your transactions completely safe and secure. Second, Interac keeps your banking details in a secret so that the casino has no access to your bank account. Third, you don’t have to waste your time creating an Interac account. All you need is to specify your email address and your bank details. Four, the Interac fees are ridiculously low and are the same, regardless of the amount you want to deposit or withdraw. As a cherry on top of a delicious pie, Interac transactions are extremely fast.