Interac is a Canadian financial services provider, targeting Canadian users. It has been around for quite a while, having first opened its doors in 1984. It first opened as a cooperation between numerous financial providers in Canada, with an aim to give Canadians a wider range of options to access their money through a shared network. Their services used to be provided under two different trading names offering different kind of services, but in 2018 all Interac products were brought together into the one company.
Today, Interac provides a variety of services such as Interac Cash, Interac Debit, Interac Flash, Interac e-Transfer, Interac Online, mobile payment solutions, as well as international services.
Interac Financial Products
Interac offers a variety of products and services. Read about all their different products and services in the descriptions below.
This allows Canadians to access cash through withdrawals at ABMs in Canada.
Interac Debit is a debit card service issued by banks to Canadian account holders. It was Canada’s very first national debit card service that customers could use to make payments. Online casino players are able to use their Interac debit card to play online.
This is a contactless card you can use in many places just by holding up your card at a point-of-sale reader. Obviously this is not an option you can use at online casinos.
If you borrow money from a friend you can easily pay them back using Interac e-Transfer as it transfers money from one bank account to another.
When you play at online casinos you are able to make use of Interact online in order to make a payment directly from your banking account to the online casino of your choice.
It’s very easy to make deposits and withdrawals when you play at Interac casinos online. Choose an online casino from the online casinos featured in our toplist on this page. Sign up for an account or log in if you already have fun, choose a game, click on deposit or a variation of this word, and enter the amount you want to put into your account. Once this is done you will have the option to pick from a list of payment options and you need to choose ‘Interac’.
Interac does allow for withdrawals, however at the end of the day it’s up to the online casino if they want to accept Interac as a withdrawal option. So first of all you need to check that it’s possible by looking at the list of withdrawal options available. If you see Interac in the withdrawal options, then go for it. Making a withdrawal is very similar to making a deposit, you can select withdraw money, put in the amount of money you want to withdraw, and click Interact from the withdrawal payment options list. You have to wait approximately 3-5 days for the money to appear in your bank account, and the transaction will cost you around $4.
Opening an Account with Interac
There is no need at all the open an account directly with Interac. First of all you need to get a card through your own bank if you want to use their card, but if you only want to make online transactions then all you need to do is enter your bank account details once you choose Interac as a payment method.
Transfer times are very fast. When you make a deposit then the money is transferred to your only casino account instantly, and when you withdraw you have a waiting time of around 3 days, which is considered fast in terms of withdrawal waiting times!
There are multiple ways you can contact Interac if you are having any issues. You can fill out their customer support form which you can find on their website. You can also call their toll-free number, or send them an email. Additionally, you can also read through their very comprehensive FAQ section on their website. They have done a very good job and have a very, very long list of questions so you just may find what you are looking for there.
Play Using What You Already Have
When you play using Interac you don’t have to worry about going into debt and being sucked into playing more than you actually have. You can only use the funds that are actually in your bank account.
Great for Canadian Citizens
If you are Canadian then this is one of the best payment options you can use. The deposit transfer times are very quick, and what’s more is that you get to pay directly in Canadian dollars instead of having to deal with exchange rates.
Fast Deposit Times
When you make a deposit at an Interac casino then you don’t need to bother to wait to play once you make a deposit, as your money is transferred instantly.
No Need to Sign Up For an Account
You only need to enter your bank account details when you play at an Interac casino, so the online casino won’t have your sensitive card information.
The Disadvantages of Using Interac Casinos
Only Available for Canadian Players
Unfortunately this great payment method is only available for Canadian online casino players. If you are from the US, Australia, or any other country it’s not possible. You need to have a registered address in Canada in order to apply for an account.
Are Interac casinos safe?
Interac is a completely safe and secure payment method, which goes to show why so many Canadians use Interac daily. Interac is constantly being check by the highest level financial institutions in Canada so you don’t have to worry about your transactions or private information.
Are there fees involved?
There are very small fees involved. There is a fee of $4 for a withdrawal, and sometimes $1 for a deposit.
Do I need to open an account?
The great part about making payments with Interac is that you have no need to actually open a specific account with them. All you need is your bank account information in order to make a payment online.
Which online casinos accept Interac?
You can take a look at the toplist presented on this page if you want to know the very best Interac casinos to play at. If you want to know more about each individual online casino then check out our online casino reviews.
Play at the Best Interac Casinos
If you are a Canadian player and you’re wondering which payment option to use when you play online casino games, then look no further than Interac casinos. Take your pick from the best interact casinos found online on our toplists featured on this page.