Interac Casinos — Online Casinos That Accept Interac 2023

Advantages of Using Interac for Online Gambling

Many people in Ontario rely on Interac for funding their casino accounts. But what is it that makes this method stand out from the crowd? How is it different from other secure and convenient deposit and withdrawal options? First, let’s check out the main advantages of using this payment method.

Interac Is a Popular Payment Option

Interac is one of the most popular online payment options in Canada. It means that Canadians trust it whenever they need to make online transactions. That is why many of them opt to fund their casino accounts using this option. In addition, this method is also widely known for its convenience.

Popularity is a huge indicator that a payment method has gained the trust of many users, which is why you can safely assume that Interac is a reliable choice.

Interac Is Also Available for Withdrawals

In most cases, the casinos that accept Interac as a deposit method also list it as one of the options for withdrawing your funds from your casino balance to your bank account. Since Interac is directly connected to your bank, your winnings should be in your bank account shortly. You won’t have to wait up to seven days, like when using a credit or debit card.

This is also very handy because many online casinos offer free withdrawals if you use the same method you use for deposits. In case you opt for another way to cash out your winnings, the transaction may incur additional fees. Luckily, this won’t be an issue with Interac.

Interac Is Secure

When it comes to Interac, security and privacy are inextricably linked. Many Canadians do not feel comfortable sharing sensitive financial data, such as credit card numbers when making online deposits. But with Interac, none of that is necessary. You will be able to access your banking funds quickly and make a transaction to an online casino of your choice, ensuring top-notch confidentiality and privacy in the process.

On top of that, Interac features multiple layers of security that further protect its users from cyberattacks. Therefore, you don’t have to worry about being a potential victim of hackers or other cybercriminals.

Interac Offers Instant Transactions

Casino players often decide which payment option to use based on the transaction speed. Compared with traditional banking options, Interac wins the race in this regard. It is one of the fastest payment methods, as all deposits occur almost instantly.

Of course, withdrawals are pretty fast as well. However, you should remember that all casinos have the transaction pending time, during which they must check your withdrawal request. This can take up to several business days. Although this process is unrelated to you, you’ll still have to wait for the indicated period. Once the request is checked, your withdrawal will be released.

If you were to use some other methods instead, you would have to wait for a longer time. Luckily, though, that’s not the case with Interac.

Interac Doesn’t Have Hidden Fees

Many deposit and withdrawal options may seem free of charge at first. However, they might come with hidden costs you aren’t aware of. Thankfully, that’s not the case with Interac. Even the standard transaction fees are much lower than the majority of other payment options, which is why it is widely regarded as one of the most affordable methods for online transactions.

Interac Is Accepted at Many Online Casinos in Ontario

All the casinos featured on this page accept Interac deposits, and the majority even offer withdrawals using this payment method. However, even if you randomly visit any other online casino available in Ontario, the chances are you will find that it accepts Interac deposits. Ontarians love using this payment method, and online casinos are aware of that. After all, allowing their players to deposit using such a popular option is profitable.

We still recommend sticking to licensed online platforms featured on our site to avoid possible scams or casinos with questionable integrity.

Disadvantages of Using Interac for Online Gambling

Unfortunately, every payment method also has certain disadvantages. That is why you need to be aware of Interac’s shortcomings before you decide whether it is a good fit.

Here are the most significant downsides to using Interac.

Interac Is Not Available Outside Canada

Our team has heavily discussed the idea of listing this as a disadvantage. After all, this guide is mainly aimed at people who reside in or are visiting Ontario and want to play online casino games while in the country.

Still, it’s a pity that a payment service as good as Interac isn’t available outside Canada. Hopefully, it will become more widespread in the future, even though we are fully aware this is not available at the moment — given the nature of this payment option; its connection to banks in Canada.

Interac Is Still Not Accepted by All Online Casinos

You may be surprised that not all online casinos offer Interac as a payment option, especially considering the overall popularity of this method. Unfortunately, despite its widespread use, it is still one step behind payment options such as Visa and Mastercard. After all, the two card brands are the most popular payment services around the world, and it’s difficult for a Canada-only payment system to compete with them.

Simply put, we would like to see even more Canadian casinos start to accept Interac for deposits and withdrawals.

You Might Become Subject to Phishing When Using Interac

Like many other payment options, Interac sends transaction notices via email. Therefore, you have to be extremely careful when checking these emails. Ensure the sender’s email address is legit, and try not to give away sensitive information related to your Interac account unless you are absolutely sure it is secure.

Unfortunately, some users fall victim to scammers presenting themselves as Interac from time to time by giving them information that endangers their security and privacy.

How to Sign Up for an Interac Account

If you visit the official Interac website, you won’t find any details about opening an account. That’s because signing up for Interac isn’t possible, as Interac isn’t a bank account or a payment method. In fact, you can simply think of it as a payment gateway that will help you move money from your bank account to your casino accounts securely and privately.

Since you don’t need to register, how do you use Interac? It’s actually pretty easy. You just need to open a player account at an online casino and follow the below-mentioned rules.

Interac Online Casino Deposits

Things might get a bit confusing in the following sections, but don’t worry. Deposits and payouts are very easy with Interac. The only thing that makes everything a bit puzzling is that there are two Interac options available as banking methods on casino sites — Interac Online and Interac e-Transfer. Let’s see how both work for deposits.

Interac Online

1. Select an online casino that accepts Interac Online: Feel free to pick one of the available Interac casinos featured on this page and open it in your browser. Go through the registration process.
2. Go to the banking section and pick Interac Online: You’ll see the list of available deposit options when visiting the banking section. Make sure to select Interac Online and enter the amount of money you’d like to deposit.
3. Select one of the available financial institutions: During this step, you need to pick a bank where you have a funded account. Of course, it must be one of the four banks associated with Interac Online. If you don’t have a banking account in any of them, you will not be able to make a deposit.
4. Approve the transaction via online banking: If you have an online banking app, it will pop up, and you’ll have to enter your username or credit card number associated with the bank, as well as your online banking password. After that, you’ll have to confirm your deposited amount, and Interac/your bank will do the rest.

Your casino account will be instantly funded by the banking institution you’ve selected, thanks to Interac Online.

Interac e-Transfer

The process of making a deposit via Interac e-Transfer is quite similar. So let’s take a look.

1. Select an online casino that accepts Interac e-Transfer: Even though e-Transfer is a more popular service overall, it’s not as common as Interac Online at online casinos. Despite that, there’s still a decent selection of online gambling sites that accept e-Transfer. The first thing you need to do is pick one and register with it.
2. Go to the banking section and select Interac e-Transfer: Once you navigate the list of available deposit options, click on Interac e-Transfer and enter the amount you’d like to deposit using this payment method.
3. Select a banking institution and credit union: After you pick a bank, you’ll see a window displaying what you need to enter in your banking app. Log in and find the Interac e-Transfer option. Enter the provided information, which should include the recipient’s mail and name, the amount of money, and the message (usually just a random string of characters and numbers).
4. Confirm your transfer: Your funds should arrive instantly as soon as you proceed with the Interac e-Transfer transaction via your banking application.

As you can see, the process here is a bit more complicated, as it involves entering the generated data in your banking app. However, it becomes pretty straightforward once you get the hang of it.

Interac Online Casino Withdrawals

If you want to cash out your funds via Interac, here’s how you can do it.

1. Log in to the casino of your choice and go to the banking section: Once you’re there, you’ll be able to find Interac as a withdrawal option.
2. Enter the amount you’d like to cash out: Please pay attention to the casino’s minimum and maximum withdrawal limits.
3. Proceed with the withdrawal: If you’ve already used Interac for deposits, you can request a withdrawal, and the funds will be available in your account after a couple of business days (it all depends on the casino’s specified withdrawal pending time — it has nothing to do with Interac transaction times, which are instant).

When requesting a withdrawal, the casino might need to perform certain background checks as part of the Know Your Customer (KYC) and Anti Money Laundering (AML) processes. In other words, the operator will have to ensure you are indeed the person you are claiming to be.

You might need to provide proof of identity, address, and payment method to confirm your personal information. Of course, if this happens, it might slightly slow down your withdrawal process — but it’s better to be safe than sorry.