Making a payment with Interac - get started at an Interac deposit online casino
So you're ready to make a payment with Interac? First, you need to know the differences between Interac e-Transfer and Interac Online. Interac Online is a direct payment method that transfers funds straight from your bank to the casino using Gigadat as the third-party processor. Interac e-Transfer payments, on the other hand, are processed by the financial institution and require a few more steps to complete.
Interac Online gives you the chance to make deposits with lightning speed. However, you cannot make withdrawals with Interac Online. You can use Interac e-Transfer for both deposits and withdrawals. While Interac e-Transfer is available for members of all central banks and credit unions in Canada, Interac Online is available at only select financial institutions such as First Nations Bank, TD Canada Trust, and RBC Royal Bank of Canada.
How to deposit with Interac Online
- Firstly, you need to select Interac Online in the deposit section and enter the amount you want to deposit.
- Next, follow the prompts and select your banking institution.
- After choosing your bank, you will be sent to the payment gateway. Handled by Gigadat, the payment gateway is encrypted, making it entirely secure and trustworthy.
- Once you're happy that the transaction details are correct, you can confirm the amount you want to deposit.
It's as easy as that; you will fund your casino account and receive a receipt for the transaction. Now let’s look at how you can deposit at an Interac e-Transfer casino in Canada.
How to deposit with Interac e-Transfer
- Visit the deposit section and select Interac e-Transfer as the payment method.
- Enter your chosen deposit amount and follow the prompts to be taken to the confirmation screen.
- Once you have confirmed the amount, continue to select your banking institution or credit union.
- After selecting your banking institution or credit union, you’ll be provided with an email address and security message.
- Fill out the details in your corresponding bank, and you’ll then be able to fund your online casino account.
Unlike Interac Online, all central banks and credit unions in Canada are compatible with Interac e-Transfer, which along with the chance to make both deposits and withdrawals, is one of the main advantages of using Interac e-Transfer instead of Interac Online.
Deposits and withdrawals with Interac: average time scales to be aware of
Whether you’re looking for online casino or
esports betting deposit methods, it's essential to understand the average time scales. After all, payment processing times can vary greatly, making or breaking the user experience. Fortunately, Interac is an advanced payment processing system that enables Interac casinos in Canada to deliver fast and reliable payments consistently. Compared to most other online casino payment methods, Interac has many advantages.
For example, Interac deposit casinos process deposits within a matter of minutes. In most cases, especially when using Interac Online, you should receive funds immediately. No deposit with Interac Online or Interac e-Transfer should take longer than thirty minutes. If you experience long waiting times on deposits, you shouldn't hesitate to contact customer support. Alternatively, choose one of our rated and recommended sites for reliable deposits. Our review experts have tried and tested the best online casino that accepts Interac deposits, and we can confirm that Interac is an excellent payment method for casino players who want instant access to their funds.
Withdrawals at Interac casinos in Canada
Like the deposit process, you will find it extremely easy to withdraw funds with Interac. First, visit the withdrawals page and select Interac e-Transfer. Go ahead and enter the amount you want to withdraw, select your bank account, and that's it! Depending on the online casino you play at, you might have to wait a while for the transfer to reach your bank account. This is because there are a few stages of verification. All payout requests need to be initially approved by the internal review team, which can take up to two business days.
Once your payout request has been accepted and processed by the casino, it will take 1-3 business days for the funds to reach your bank account. However, if you want to speed up the deposit and withdrawal process, it's highly recommended to activate the auto-deposit feature in your e-Transfer account. When you activate this feature, all of your money transfers via your registered email address will be processed automatically without following laborious processing instructions or entering security answers and passwords. The withdrawal process is, therefore, greatly simplified with the help of auto-deposit. Furthermore, in most cases, you are only required to submit the request by entering the desired withdrawal amount and clicking on the withdraw button in your casino's cashier. You shouldn't have to wait any longer than four to six working days for the funds to appear in your account.
Interac verification requirements - a smooth and efficient process
The way to use Interac e-Transfer at an online casino is to go through a participating bank or credit union's online banking system. Interac e-Transfer is available for members of all central banks and credit unions in Canada, which allows the online casino to verify identities and process transfers efficiently. Before any transactions are complete, Interac will send a verification code to the registered number. This serves as a way for players to verify the payment request and acts as an additional layer of security for online casino payments.
Furthermore, pre-authentication is in place for Interac e-Transfer payments. This enables Canadians to pre-authenticate their phone number or email address and connect it to a chosen bank account. This results in bank-grade security being maintained while eliminating the need for a security question and answer. The Interac verification requirements are designed to keep consumers protected against Interac e-Transfer scams without compromising the user experience.
The best casinos with Interac in Canada - as chosen by us!
The history of Interac - how Interac Online and e-Transfer became the prevalent payment methods in Canada
Interac was built to help Canadians manage their money more effectively. Since then, Interac has become much more than just a payment management service. Nowadays, an Interac e-Transfer casino in Canada is highly sought after due to the safety, speed, and reliability provided by the payment method. Here's an overview of the history of Interac, including the most notable milestones that led up to Interac casinos becoming a reality:
- 1984 -
Interac was established by the Interac Association, a collaborative nonprofit venture between CIBC, Desjardins, RBC, TD, and Scotiabank.
- 1994 -
Interac direct payments are made available across all of Canada.
- 1996 -
Acxsys is established, kickstarting a wave of new Interac services such as e-Transfers.
- 1997 -
Interac officially processed one billion direct payment transactions.
- 2004 -
The beginning of the Interac email money transfer service.
- 2005 -
Interac Online goes live.
- 2007 -
Interac announced it would be making the transition to EMV chip card technology to increase the levels of encryption further.
- 2018 -
Interac Association and Acxsy Corporation combined into a single organization: the Interac Corporation.
- 2019 -
Interac acquired the Ottawa-based corporation 2Keys, to further strengthen its place in the cyber security and digital identity market. 2Keys is an industry leader in cybersecurity and digital identity for financial institutions, Canadian governments, and retail clients.
- 2021 -
Interac Corporation obtained the rights to provide digital ID services in Canada from SecureKey Technologies Inc.
- 2022 -
A year of milestones for Interac e-Transfer. As a result of all the developments and a sharp rise in Interac e-Transfer casinos, Interac processed one billion Interac e-Transfer payments in one year for the first time.
It's been a long journey, but Interac has grown to become one of the best payment methods for Canadian casino players. Industry-leading cyber security paired with state-of-the-art digital ID technology makes Interac as safe as banks. The proven history means that you can rely on an online casino with Interac to deliver safe and reliable payments, especially when you stick with the ones recommended here at Strafe.
Interac compared to other providers - the advantages of using Interac deposit casinos
Interac certainly has a lot going for it as an online casino payment method. However, it's not the only option out there. There are many great ways of making deposits between the
online bookmakers with PayPal, casinos with Neteller, and slot sites with good old Visa and Mastercard. So with that in mind, why should you use Interac instead of the main competitors? Let's have a look.
Award-winning service
Not many payment providers can say that they've received numerous awards. But ever since Interac started offering online payment services, it has been nominated for and received numerous awards that highlight just how trusted Interac is as a payment method. For example, Interac won the Fintech Company of the Year award in 2018, but Interac was also named the most trusted financial services brand for several years in a row by The Gustavson Brand Trust Index (GBTI).
Personal security
Unlike traditional Visa and Mastercard payments, Interac transactions are processed with complete anonymity. Your personal and monetary information will remain safe and secure thanks to the security features embedded in the network.
Convenience
Interac Online lets you make instant transactions with a click of a button. This level of convenience is simply unbeatable by today's standards. For example, some
esports betting sites with Bitcoin
are known to have waiting times of up to four hours. However, when you sign up and deposit at one of the best Interac casinos featured here at Strafe, you can instantly deposit and jump into the action.
Reputation
Interac processed more than 6.6 billion transactions in 2018 alone. This shows how trusted Interac is by consumers and casino players throughout Canada. Interac has a much better reputation than almost every payment method available at Interac deposit online casinos. Therefore, Interac is always the most solid option to go for.
Versatility
Interac e-Transfer can be used for deposits and withdrawals alike, making it much more versatile than payment methods like Paysafecard, which only let you deposit. Sign up at an online casino with an Interac bonus, and you'll get to use nothing but Interac e-Transfer for your deposits and withdrawals.
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Three essential facts about using an online casino with Interac
There are numerous benefits of playing at an online casino or online casino app with Interac payments. From the high levels of security and encryption to the fast deposits and withdrawals, many online casino players already use Interac Online and Interac Transfer to make payments. With that being said, there are still things to know before you start. Here are a few essentials you’ll want to be aware of:
Not all bonuses are Interac casino bonuses
Interac is a widespread payment method but just like e-wallets, it's not available to use on every bonus. Some bonuses might require you to deposit using a credit or debit card, a bank transfer, or even a crypto wallet. The solution here is to stick with the Interac casinos rated and recommended by us. Our reviews are designed to help you find the best Interac casino for your own needs.
You need to have an active bank account
Interac operates its payment service as an intermediary between an online casino and your bank. Because of this, it's best to have an active account set up at one of the supported institutions before signing up at the best online casino that accepts Interac deposits. You can Interac e-Transfer with any major bank in Canada. However, Interac Online is only available for certain banks such as First Nations Bank, RBC Royal Bank of Canada, and TD Canada Trust.
There's a risk of being scammed
The Interac network itself is highly secure and trustworthy. However, all notifications regarding your online casino account and Interac transactions are sent to your email or phone number. With Interac being such a widespread payment method, it's not uncommon for people to receive fake Interac emails or text messages sent out in a malicious attempt to obtain personal information from unsuspecting victims. Above all, know that Interac will never ask you to provide your passwords over email or text message.
Conclusion - find the best Interac casinos right here at Strafe
With high-level encryption and numerous additional security layers, Interac is one of the safest ways to deposit and withdraw funds at an online casino. Interac deposit casinos are safe, but they also deliver quick, efficient, and reliable transactions. Our experts have thoroughly reviewed every Interac deposit online casino that we recommend here at Strafe, and we would not allow an online casino to reach our list of recommendations if it did not meet our high standards.
If you have a Canadian bank account with one of the major banks, such as First Nations Bank, and RBC Royal Bank of Canada, you're ready to get started at Interac deposit casinos. Take your pick from one of our top-rated Interac casinos Canada has to offer, and you can rest assured that you'll be able to start sending money right away.
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Interac casino Canada FAQ
⏰ How long do Interac deposits and withdrawals take?
Interac is a popular online casino payment method that is highly secure and allows you to transfer funds without revealing sensitive monetary data. However, just because Interact's payment gateway remains the same at every online casino, like
Ecopayz gambling, the processing times can vary between websites. See our guide for details about the average time scales associated with Interac casino deposits and withdrawals.
🏆 Is Interac the best online casino payment method?
There are plenty of reasons why casino players choose to use Interac e-Transfer or Interac Online instead of other payment methods such as Visa, Mastercard, and Paysafecard. However, the proper payment method for you ultimately depends on your individual needs. For example, if you're out and about using an online casino app, Interac could be ideal for you, thanks to fast deposits. Our guide makes it easy to see if Interac is a suitable payment method for your needs.
❓ How can I use Interac at online casinos?
Interac enables fast, secure, and reliable online casino payments. Deposits are processed instantly, allowing you to sign up and access your funds right away. Unfortunately, Interac is only available at some online casinos, and there are some essential facts to be aware of. Our guide has everything you need to know about using Interac at online casinos.
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