Interac Casinos – Top Canadian Casinos 2020

interac canada casinoWhat 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;

RankCasinoBonusFeaturesFree SpinsRatingPlay
1 21com
  • C$1000 Bonus
  • 100 Free Spins on Vampires vs wolves
  • 100% bonus up to C$100
1000 Free Spins 4.2 / 5
Play now!
2 boom casino
  • Get 100% up to C$500 on the first deposit
  • Live Casino!
  • C$500 Bonus
  • Fast transactions
0 Free Spins 4.1 / 5
Play now!
3 casinia casino
  • Get 100% up to C$770 on the first deposit
  • C$770 Bonus!
  • 24/7 support
  • Fast transactions
Get 200 free spins in 10 days 4.4 / 5
Play now!
4
  • Get 100% bonus up to €100
  • Awesome design
  • Book of dead
  • C$100 bonus
50 free spins on Book of Dead 4.9 / 5
Play now!
5
  • C$500 bonus on the first (4) deposits
  • Brand new casino!
  • 4 bonuses
  • 21 game providers
600 Free Spins (10 FS per day for 10 days straight on Fire Joker when registered) 4.3 / 5
Play now!
6 nitro casino
  • Nitro rewards you daily, weekly and monthly!
  • New casino!
  • 21 game providers
  • Chat Support
All deposits get rewarded! 4.1 / 5
Play now!
7 ultra casino
  • Get daily rewards as you play!
  • Live Chat
  • Live Casino
  • New casino 2020!
1 free spin (daily) for the Game of the Month promotion 4 / 5
Play now!

How does Interac work?

We gave a brief backbone of how the method works. The main thing you need to note is that Interac is an electronic payment system that will facilitate payment to your online merchant from your loaded bank account. You also need to know that the payment method is instant something that has elevated its status over the years Interac has been in service. The process of transferring funds is also simple. For Interac e-Transfer, once you log into your Interac-friendly casino, write down the email of the casino which in many cases will be found on the banking section, enter the amount you wish to transfer then send. The bank will receive your request and process your funds for transfer and you will be ready to play. For Interac Online, you will be required to log into your bank account to complete the transaction from there.

Remember, no third party will be introduced in your transaction and the financial information will not be revealed to your merchant which is key in the security aspect of the method.

Depositing with Interac

In most cases, the online casinos will allow you to deposit either through Interac Online or Interac e-Transfer. The following is a deposit guideline of each;

Interac Online

  • Log into your online casino
  • Visit the banking, cashier or deposit section
  • Choose Interact Online as your preferred method
  • Enter the amount of money you wish to deposit
  • Follow the prompts up to where you choose your financial institution from where the money will be remitted from (remember the dedicated banks). Alternatively, you can select your credit union
  • You will be transferred to your financial institution’s website where you will sign in with your client card’s number and a password
  • Confirm the payment and finish the transaction
  • Your funds will reflect almost instantly

Interac e-Transfer

  • Log into your online casino
  • Visit the banking, cashier or deposit section
  • Choose Interact e-Transfer as your preferred method
  • Follow the prompts up to where you choose your financial institution from where the money will be remitted from (Many banks will be eligible here). Alternatively, you can select your credit union
  • Input the email address and answer the security question
  • Confirm your payment and your funds will be processed and reflect instantly

A flat rate of C$1 will be charged on the deposits you make by Interac. Kindly confirm other additional charges from the financial institutions.

Withdrawing with Interac

The withdrawal process is quite a vice versa of the deposit method and the following guideline will be followed;

  1. Log into your online casino account
  2. Go to the section; Banking, Cashier or Withdrawal
  3. Select Interac (either) as your preferred method of withdrawing
  4. Enter the amount of money you want to withdraw
  5. Choose your financial institution that your money will be loaded into
  6. For Interac Online, you will provide your client card details for the process to be completed while Interac e-Transfer will only require you to answer the security question for your payments to be processed
  7. Your funds will be processed and will reflect in your financial institution after 4-6 business days

The fees applicable will depend on your casino and one is advised to get the full details from there.

Interac on Mobile

To further improve convenience, players can also process payments (deposits and withdrawals) through their mobile phones. The process of depositing and withdrawing whether through Interac Online or Interac e-Transfer will all be the same. With Interac acting as a payment system, no application is available.

FAQ

Is it safe to play at Interac Casinos?

The casinos we recommend are legalized, registered, and regulated by the regulatory bodies in Canada. Security is one parameter they look at and this makes it safe for you to play.

Is Interac available for deposit and withdrawal?

Yes. You can decide to make your deposit or withdrawal through the common Interac services; Interac Online and Interac e-Transfer.

Is Interac Online and Interac e-Transfer the same?

No. They are different services. With e-Transfer, transfers will be dependent on providing a recipient email address and answering a security question while with Interac Online, transfers will be done on a payment getaway that will require client’s card details and a password.

Are there any fees attached to Interac?

A player is always advised to go through the financial institutions and the online casinos to see if there are more charges placed on the transactions. However, a flat rate of C$1 will be charged by Interac.

Interac Pros

  • Highly Convenient – Interac is a brainchild of Canada and is readily available in Canada and many of the popular banks and credit unions
  • Secure – No third-party is expected on any transaction and what’s needed is only an email address for Interac e-Transfer and client card details for Interac Online. The merchant will also not view the players’ financial details
  • Instant Deposits – The deposits made will reflect almost immediately after the banks/credit unions have processed
  • Flat rate fees – No matter how big your deposits may be, a flat rate of C$1 will only be charged by Interac

Interac Cons

  • Liberty of the banks/merchants – Some banks/merchants may add their fees on any transaction you make
  • Only available in Canada – This can be an advantage but Canadian players who are not in Canada can have a hard time making a transaction
  • Interac Online limitations – Interac Online service is only available to a few financial institutions and credit unions