Login

Don't have an account?Sign up

Stay logged in Forgotten password

Interac Casinos

Interac CasinosThere are many ways of transferring money across the internet. The most commonly used methods are the use of a debit or credit card, or an eWallet of which PayPal is the global leader. Many companies focus on one type of payments service. Visa mainly operates debit cards, MasterCard are a credit card company and both Skrill and Neteller operate as eWallets. A few companies operate as all-rounders, though.

In Canada, the majority of Canadians will be familiar with Interac. Interac began in the 1980s as an association of Canadian banks that wanted to link together in order to make transactions between each other and other institutions more streamlined. They launched a debit payments card system, which does for Canada what Visa does for many other global countries.

Interac runs several other services too, including Interac e-Transfer and Interac Online.

A Brief History of Interac

Interac was first established in 1984 by five leading Canadian banks – RBC, CIBC, Scotiabank, TD ad Desjardins. Their aim was to create an inter-bank debit payments system, which is how Visa works in many other countries throughout the world. By 2010 over 80 banks had joined the scheme, issuing cards to thousands of customers.

Another company called Acxsys had set up an e-transfer system under the Interac banner in 1996. The e-transfer worked in a similar way to PayPal without the need to maintain a PayPal-style balance. In 2018 Acxsys’s services were merged into Interac.

In 2005 Acxsys released another service which allowed customer-to-merchant payments directly from a bank account, as long as the bank from which the payment was requested was from a participating bank. This too was eventually merged into Interac’s services.

Interac – Pros and Cons

Pros

  • You have a number of options of how you use Interac
  • Secure as secure can be
  • Most Canada-facing online casinos will accept Interac payments
  • Can easily be used for withdrawals

Cons

  • Only available to casinos players in Canada
  • You may be charged for using Interac

How to use Interac at Online Casinos

There are three ways in which you can use Interac at an online casino that accepts Interac payments. If you have a bank account with an Interac debit card, then you can use this card to make a payment just as you would if you were to use any other type of card – debit or credit.

Head to your online casino where you want to make a deposit and choose Interac as your payment method. You will then be required to enter your card’s number, plus other items of information that will identify your card. Also, select the amount that you want to deposit. Once everything has been okayed, your money should be transferred instantly.

You should be able to use your Interac card for withdrawals too. The withdrawal process is identical to the deposit process except that you are moving money from your casino account to your bank account, and not vice versa. Withdrawals also take longer than deposits – the standard processing time is three to five days.

Interac e-Transfer

Some casinos may allow you to use Interac e-Transfer to send money to your online casino. This service is somewhat like PayPal in that you can use it to send money to someone’s bank account via their email address. The online casino will give you instructions on how to complete an e-Transfer to them.

This transfer is usually conducted via your online banking portal, but not all banks in Canada will allow for e-Transfers. This is because an automated e-Transfer (which is the only kind of e-Transfer that an online casino can accept) is less secure than a non-automated one.

Interac e-Transfers cannot be used for withdrawals from online casinos.

Interac Online

This payment system is used by people who do not have an Interac card or do not want to use it to make online payments. It is identical to the services offered by InstaDebit and iDebit in Canada, and other such services like GiroPay in Germany and iDeal in the Netherlands.

To use Interac Online at an online casino head to the cashier and select it as your payments method, then choose the amount that you wish to deposit. An applet will then appear with a list of participating banks. Choose the bank where you have an account that you wish to deposit money from. Your normal internet banking page will appear – this page is provided by your bank and not the online casino or Interac. This means that your sensitive financial information is kept safe.

Enter your username and password and then confirm the transfer. If everything is okay then your deposited money should be available at the online casino instantly, or at least within the hour.

Interac Online is not typically available for withdrawals. You may have to use your Interac card to make a withdrawal or use some other kind of payment services provider.

Conclusion

There are not many multi-functional payment systems available for online casino players, so it is good news for people in Canada that they have Interac. Online casino players in Canada that use Interac have three ways in which they can transfer money into their online casino account – their card, an e-Transfer or Interac Online. Unfortunately out of those three, only cards are available for withdrawals.

No matter your choice for making payments to your online casino account, make sure you do so responsibly and never gamble with money that you cannot afford to lose.

 

  • Megaslot Casino
  • Megaslot Casino

    UP TO €200 WELCOME BONUS & 200 SPINS
    United StatesRestricted in United States

    For new players only, (18+) The minimum deposit is €20. The wagering requirement is 40x the deposit bonus plus the winnings of the free spins. The bonus is valid for 5 days starting from the date the is received. Full T&C’s apply.

    Visit Casino
    Read Review
  • 4.7
  • Wildblaster Casino
  • Wildblaster Casino

    100% WELCOME BONUS UP TO €100 & 100 SPINS
    United StatesRestricted in United States

    New players only on the 1st deposit. (18+) The minimum deposit for this bonus is €20. 60x wagering requirement and must be completed in 2 days (48 hours). Players will receive 20 free spins daily for 5 days. Full T&C’s apply.

    Visit Casino
    Read Review
  • 4.7
  • Casino4u
  • Casino4u

    100% WELCOME BONUS UP TO €100 & 100 SPINS
    United StatesRestricted in United States

    New players only on the 1st deposit. (18+) The minimum deposit is €20. Wagering requirements are 60x and must be completed within 2 days (48 hours). 100 free spins will be given daily, 20 spins per day. Full T&C’s apply.

    Visit Casino
    Read Review
  • 4.7
  • QueenSpins Casino
  • QueenSpins Casino

    UP TO AU$5,000 WELCOME BONUS
    United StatesRestricted in United States

    Only 1 person per household can claim this bonus. The minimum deposit is 20 EUR and the maximum be is 5 EUR. All deposits must be wagered 50x the deposit. Full T&C’s apply.

    Visit Casino
    Read Review
  • 3.9
  • Wallacebet Casino
  • Wallacebet Casino

    UP TO €600 WELCOME BONUS
    United StatesRestricted in United States

    For new players on the first 3 deposits. (18+) Maximum bet is €5  per spin and maximum bonus is €200 for each deposit. Wagering requirement is 40x the bonus and deposit combined. Full T&C’s apply.

    Visit Casino
    Read Review
  • 4.2
  • Casinonic Casino
  • Casinonic Casino

    UP TO €1,200 WELCOME BONUS
    United StatesRestricted in United States

    Only one bonus is awarded per person. Must be 18 years or over. The min. deposit required is €20, $20, CA$30, AU$30 or 0.004 BTC. The max. bet with an active bonus €5 EUR, $5, CA$7, AU$7 or 0,0007 BTC. Wager requirements of 50x the bonus. Additional T&C’s apply.

    Visit Casino
    Read Review
  • 3.6
  • Slotum Casino
  • Slotum Casino

    UP TO $/€100 & 100 SPINS
    United StatesRestricted in United States

    New players only, 18+ Max. bonus is €100. Wager requirements of 50x the bonus.

    Visit Casino
    Read Review
  • 3.7
  • Golden Crown Casino
  • Golden Crown Casino

    UP TO $1,000 BONUS & 100 SPINS
    United StatesRestricted in United States

    You must enter the bonus code (GC100) before the deposit. 18+ to play & the minimum deposit is AUD 30 / EUR 20 or above. The maximum bonus is  AUD 1,000 & the number of winnings obtained after the completion of the free spins. Full wagering requirements is 40 times the amount of the bonus received: (deposit bonus & winnings from free spins). Full T&C’s applies.

    Visit Casino
    Read Review
  • 3.8
  • Bao Casino
  • Bao Casino

    UP TO €200 or 0.5 BTC & 20 SPINS
    United StatesRestricted in United States
    New players only. 18+, the minimum deposit is 15 EUR. The maximum bonus value for the 100% bonus is 200 EUR. The maximum bet is 2 EUR. Must wager an amount which is 40 times greater than the value of the bonus amount. Full T&C’s applies.
    Visit Casino
    Read Review
  • 3.8
Showing 1-10 out of 30

Interac FAQ

  • Can I use any currency with Interac?

    No, you can only use Interac with Canadian Dollars and United States dollars.

  • Can I send money to anyone using Interac e-Transfer?

    You can send money via Interac e-Transfer to anyone who has a Canadian bank account.

  • What are the fees involved with using any Interac service?

    Interac does not charge any fees for using its services. The bank from which you are depositing money from or charging money to may make a charge, as might the online casino where you are making the transaction.

  • Can I use Interac on a mobile device?

    Yes, you should be able to use Interac at any online casino that has a mobile version, which practically is all of them. You can also use Interac ‘indirectly’ on mobile via Apple Pay, Google Pay or Samsung Pay.

Follow Us

Subscribe to our newsletter

Play Responsibly and in Moderation

NewCasinos.org is an entirely independent source of information about online casinos, online casino games and online gambling in general. It is not tied to, controlled by or directly associated with any specific gambling operator. All information present upon the site is provided independently and honestly. It is created by experts in the field of online casinos and associated topics which are not tied to or influenced by any specific gambling operator. Please be aware that our content creators receive remuneration for the information they provide, but that remuneration is provided solely by NewCasinos.org. All information presented on the site is provided for illustrative purposes only. It cannot and should not be relied upon or construed as legal advice. If you use the services provided by any online casino or gambling services provider no matter your jurisdiction, you should always do so in a way that meets all regularity requirements. Copyright ©
error: Content is protected !!