Using Interac as a Casino Payment Method
What is Interac?
When selecting a payment method for depositing and withdrawing funds from your online casino account, several factors should be considered. Speed and low or no transaction fees are naturally desirable. However, the most crucial aspect to prioritize is the provider’s reputation for security. With numerous options available, choosing the best one can be daunting. If you are a Canadian resident, you might be familiar with Interac, a reputable Toronto-based debit card service that offers fast and reliable online payments to its users. If you are interested in playing at an Interac Casino in Canada, keep reading!
Paying with Interac Direct Payment (IDP) is straightforward. It employs a standard PIN-based system, ensuring secure payments both in-store and online. Additionally, Interac adopted EMV Smart Card technology in 2007, providing enhanced encryption to reduce the risk of card copying and fraud, thereby safeguarding its users.
For online gambling, using Interac as your payment method offers great convenience, as many online casinos, especially those based in Canada, include Interac as an available payment option. This widespread acceptance makes it easier for Canadian players to enjoy their gaming experience without the hassle.
About Interac
Interac, initially established as Interac Association in 1984, has evolved into Interac Corporation in February of this year, following its merger with its former for-profit counterpart, Acxsys. Acxsys has been facilitating electronic money transfers since 1996. Presently, the company boasts nearly 60,000 ATMs scattered across Canada, positioning itself as one of the nation’s leading and most trusted payment brands. With Interac cards being used over 16 million times daily, the company has solidified its presence in the payment industry. Notably, Interac takes pride in maintaining one of the lowest fraud rates globally, which is of utmost importance in ensuring the security of credit and debit card users.
Interac offers a range of services to its users, catering to various payment needs. These services include Interac Cash, Interac Debit, Interac Flash, Interac e-Transfer, Interac Online, and mobile payment solutions, which have been available for several years now. As online payments have surged in popularity over the past decade, Interac has emerged as a top choice for Canadians, particularly when it comes to making online purchases and funding their online casino accounts. The company’s track record of security and reliability has earned it a reputation as a preferred payment method among Canadian users.
Top 10 Interac Casinos
Bonus: 121% Welcome Bonus up to £300. Significant terms: 18+. New players only. Min deposit £10. Bonus funds are 121% up to £300 and separate to Cash funds. 35x bonus wagering requirements apply. Only bonus funds count towards wagering requirement. £5 max. bet with bonus. Bonus funds must be used within 30 days, otherwise any unused shall be removed. Terms Apply. BeGambleAware.org.
Min. Deposit: £10
W.R: 35x
Cashable: Yes
Bonus: Welcome Bonus package worth 200% bonus up to €2,500 + 50 Bonus spins
Min. Deposit: €20
W.R: 35x
Cashable: Yes
Bonus: 100% up to £300+ 300 Free Spins on pre-selected games. 18+. New Players only. T&Cs apply.
Min. Deposit: £10
Max. Cashout: £100
W.R: 40x
Cashable: Yes
Bonus: Win up to 20,000x your bet! When you deposit between €20 and €49.99 you will receive 1 guaranteed bonus round to the game Jammin' Jars. When you deposit €50 or more, you will receive 2 guaranteed bonus rounds on the game Jammin' Jars. 18+. New Players only. T&Cs apply.
Min. Deposit: €20
W.R: 1x
Cashable: Yes
Bonus: Welcome Bonus worth up to £1,500 + 300 Free spins. 18+. New players only. Deposits made via Skrill or Neteller are not eligible for the welcome offer. After first deposit 30 Free spins per day for 10 days at Starburst, Gonzos Quest, Red Riding Hood or Aloha (valid for 72 hours). Full T&C's apply.
Min. Deposit: £10
W.R: 40x
Cashable: Yes
Bonus: 200% bonus up to €500 + 30 Extra spins on Wild Scarabs
Min. Deposit: €20
W.R: 40x
Cashable: Yes
Bonus: Welcome bonus worth up to £1,000 + 200 Free spins. 18+. New players only. Deposits made via Skrill or Neteller are not eligible for the welcome offer. After first deposit 20 Free spins per day for 10 days at Starburst (valid for 72 hours). Full T&C's apply.
Min. Deposit: £10
W.R: 40x
Cashable: Yes
Bonus: €25 Risk Free First Deposit – Double up or get it back (up to €25)! Wager-free welcome offer. Double your bonus in 24 hours or get your money back, in cash! 18+. New players only. T&Cs apply.
W.R: 0x
Cashable: Yes
Bonus: 100% up to €1000, 30 free spins on Starburst + 10x7 on Viking Voyage. 18+. New players only. Full T&C's apply.
Min. Deposit: €20
W.R: 35x
Bonus: Welcome bonus worth up to £1,000 + 200 Free spins. 18+. New players only. Deposits made via Skrill or Neteller are not eligible for the welcome offer. After first deposit 20 Free spins per day for 10 days at Starburst (valid for 72 hours). Full T&C's apply.
Min. Deposit: £10
W.R: 40x
Cashable: Yes
Using Interac in the virtual world
If you’ve ever made an online purchase, you’re probably familiar with the process. The online merchant typically asks for information like your shipping and billing address, full name, and, of course, your preferred payment method. When using Interac as your payment method, it’s quite straightforward. Just select Interac from the drop-down menu on the website during the checkout process. The website will then redirect you to Interac’s gateway page, where you’ll need to log in to your online banking by providing your card number and password. After logging in, you can confirm the amount you wish to pay. Once that’s done, you’ll be redirected back to the online merchant’s checkout page to finalize the purchase. Interac functions similarly to other popular payment options and is commonly available on many websites, particularly those based in Canada.
Using Interac in iGaming and Online Casino
If you’ve ever made an online purchase, you’re probably familiar with the process. The online merchant typically asks for information like your shipping and billing address, full name, and, of course, your preferred payment method. When using Interac as your payment method, it’s quite straightforward. Just select Interac from the drop-down menu on the website during the checkout process. The website will then redirect you to Interac’s gateway page, where you’ll need to log in to your online banking by providing your card number and password. After logging in, you can confirm the amount you wish to pay. Once that’s done, you’ll be redirected back to the online merchant’s checkout page to finalize the purchase. Interac functions similarly to other popular payment options and is commonly available on many websites, particularly those based in Canada.
Funding your player account with Interac
To deposit funds using Interac, start by checking if the casino website offers Interac as a payment option. Next, create an account on the casino’s website, providing details such as your full name, residential address, etc. Occasionally, the casino may request a scan of the back of your card for identification purposes. Rest assured that reputable online casinos use this information only for verification and keep your personal data secure. Once your account is set up, navigate to the “deposit” or “fund your account” page on the website.
When funding your account, you will be redirected to your banking account to confirm ownership. Standard Interac fees are usually around $2, not including any additional fees the website may charge. The Interac fee is fixed, meaning you can deposit any amount, and the fee will remain the same. Trusted online casinos prioritize the security of their users’ information, making Interac a reliable and popular choice for funding casino accounts.
Cashing out with your Interac account
Interac stands apart from some payment methods as it not only allows you to deposit funds but also facilitates withdrawals of your winnings. The cashing out process is usually just as straightforward as depositing. To withdraw your winnings, simply go to the “withdraw” option on your online casino website and choose Interac as the preferred method for withdrawal.
Interac e-Transfer is widely favored by thousands of online players due to its speed and high level of security. Your withdrawn funds will typically arrive in your account within a few business days, typically ranging from 4 to 6 days, which is standard for most payment methods. Additionally, the fees associated with Interac withdrawals are relatively small compared to some other methods like PayPal, making it an economical choice.
Cashing out with Interac ensures a fast, cost-effective, and completely secure process, making it a popular and reliable option for online casino players seeking a seamless withdrawal experience.
Interac Pros and Cons
Safety is the foremost concern for any online casino payment method, and Interac excels in this aspect. As mentioned earlier, Interac boasts one of the lowest rates of fraud and credit card embezzlement, offering users peace of mind. Another advantage of using Interac is the convenience it provides. Whether you’re on your computer or mobile device, you can easily complete payments at any time, making it a user-friendly option. Additionally, Interac ensures fast transfers, with deposits being almost instantaneous. While withdrawals may take a couple of days to complete, this is standard for most payment methods. Moreover, Interac charges minimal fees, making it more cost-effective compared to certain other methods.
In all honesty, when considering Interac, there are a few cons to mention. One potential disadvantage is that not all online casinos support Interac as a payment option. However, major casinos, particularly those in Canada, typically offer Interac as an option. To get started, you can browse through our list of the best casino bonuses or claim no-deposit free spins. Once you find something you like, you can conveniently use Interac to fund your account and start playing.
For more insights on other commonly used casino payment methods, you can explore our comprehensive guides, which cover deposit and withdrawal requirements, best practices, and the respective pros and cons of each method. This will help you become a more informed player and enhance your gaming experience.
