If you’re looking for high-quality Interac online casinos in Canada, you're in the right place. Here we’ll suggest some of the best online casinos that accept Interac and discuss this payment option in detail. We’ll also point out some of the major advantages and disadvantages of this method and compare different types of Interac transfers.
Interac is a popular payment method that’s focused on the Canadian market. It’s basically described as an interbank network that helps with linking various enterprises with financial institutions. In plain English, Interac makes online payments easier, faster, and more affordable. The company was founded in 1984 and was called Interac Association. However, in 2018, it officially became Interac Corporation and is nowadays regarded as one of Canada’s most popular payment options, with more than 450,000 merchants accepting the Interac debit payments. Right now, Interac features 59,000+ AMTS all over Canada that can be accessed via the Canadian Interac network.
We take a few things into account when selecting the best online casinos in Canada that accept Interac.
We ensure that all casinos offer you a good reason to choose Interac as your preferred payment method including a smooth sign-up process.
By depositing with Interac for the first time, you’ll be able to claim a lucrative welcome bonus. All casinos on our list also feature many promotions for regular customers.
Every casino on our list is licensed and regulated by an official regulatory body as well as offering reliable customer support services.
Interac is a great payment method. The advantages definitely out weight the disadvantages. But let’s take a look of the advantages and disadvantages side by side.
Interac e-Transfer is an online payment service that facilitates funds transfer from personal bank accounts to business accounts. It’s connected to all participating Canadian banks, as well as other financial institutions in the Great White North. The e-Transfer service is actually similar to e-checks as the money isn’t transferred by e-mail. Instead, an e-mail is used only for sending instructions to retrieve funds.
Interac Online, on the other hand, requires a payment gateway. In other words, it’s not as direct as Interac e-Transfer, which directly accesses your bank account. Both methods are similar, but it’s up to you to select the one you prefer more. One thing is certain — Interac makes online transactions much easier all over Canada.
Here are the simple steps to follow for both depositing and withdrawing using Interac.
Here’s a quick overview of how to deposit your funds with Interac.
You can complete the withdrawal process following the four steps below.
To use Interac e-Transfer, all you need to have is a bank account in one of the eligible Canadian banks and a valid e-mail. Alternatively, you can use a valid mobile phone number. Once you log in to your online banking app and select the account, you’ll have to enter the recipient’s e-mail or mobile number & the amount you want to send and answer the security question. That’s basically all. You’ll just have to share the security question with the recipient to make sure they can receive the money.
The transaction doesn’t actually travel by text message or e-mail. Those are just instructions for sending money. When the receiver gets the message and answers the security question, the instructions will be executed. Interac is a very popular and trustworthy payment option in Canada, which is why it features all the necessary banking procedures that maximize security, including proprietary risk management, financial institution authentication, and transaction and authentication encryption. Moreover, there are other layers of security at play, such as security questions, secure logging process, encryption technology, and more.
Here we cover all the most important and common casino issues.