Interac Casinos – Top Canadian Casinos 2020
What beats a fast, easy, and secure payment method? It is every player’s wish to find a payment method that meets the mentioned aspects as he/she wagers. At Casinomatcher, we always recommend the popular payment methods that have met the aforementioned aspects, methods that are popular amongst Canadians, ones that transact in the common denomination which in our case is the Canadian Dollar, and those that have boasted of several pros as opposed to cons. After that, we provide a list of the top legal casinos in Canada allowing transactions in the said method!
Interac is a Canadian method that has carried that popular aspect thanks to the convenience it boasts and the fast, easy, and secure nature the deposits and withdrawals possess. With Canadians familiar with the method for their online shopping activities, many will be thrilled to know that the method is readily used in many of the online casinos. With many credit card companies restricting gambling and other e-wallet methods such as Neteller and Skrill facing uncertainties in Canada, probably Interac should be in your cards as the next method you should consider for your casino transactions!
What is Interac?
You will find mainly two services associated with Interac. Interac Online and Interac e-Transfer. In this guide, we will explain both of them to you! But first, let us get to understand Interac as a method. This is a Canadian debit card system or an interbank system that provides a link between the bank account and a merchant for purposes of financial transactions. The merchant in our case is the online casino that has adopted Interac as a payment method. The method is popular in Canada with over 450,000 merchants accepting Interac payments! Interac falls under the online bank transfers method and supports the Canadian Dollar in its transactions which is impressive to our players.
Interac started as a non-profit company in 1984 intending to offer a money transfer alternative to residents of Canada. Over time, other banks stepped in to make what is an already established brand. It would go on and have its debit cards and to put it into context, Interac is more sought in Canada than the popular Visa/MasterCard cards. So the basic idea behind the method is ensuring that you have funds in the bank account that partners with Interac, have an email address, and an online casino account that accepts Interac payment methods.
Now comes the part we promised. In some casinos, you will find the most common services as Interac Online or Interac e-Transfer. Don’t be confused, the bottom line is that all the methods are from the same brand and here is a brief difference between the two;
- Interac Online – As the name suggests, the players will be allowed to process payments over the internet directly from their bank accounts. In this case, no financial information will be shared with your casino hence providing the most secure form of Interac payment method. This method has been popular to members of some of the popular banks in Canada including:
- RBC Royal Bank
- TD Canada Trust
- First Nations Bank of Canada
- Interac e-Transfer – Commonly, the method is used to transfer funds to friends or family. For a person with an email address and a bank account, he/she can use the method. It is popular among all Canadian banks and credit unions. For the online casinos, they will provide a tailored email address and a security question you need to answer which will then facilitate an avenue for transactions from your bank account.
Recap: So a brief recap about Interac is that it is a payment system that facilitates electronic payments from your bank account to your merchant (online casino).
Best Interac Canada Casinos
For a start, we need to get you cracking. We promised to offer a list of the top legal Interac-friendly casinos you can try your luck on. The following are some of them;
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