Guide to Interac-friendly Live Dealer Casinos for Canada
For more than 30 years now, Interac payments have been the go-to solution for thousands of Canadians. During the last few years, this service has also taken over the gambling industry, connecting gamblers from Canada with 100s of reputable online live dealer casinos while offering to deposit or withdraw via Interac products.
This method is well-established and dates back to 1984. It is a National Payment Network with more than 200 Canadian banks participating in it. The managing companies of the solution are the Interac Association and Acxsys Corporation.
The list of payment solutions that the network delivers continues to grow and diversify. Currently, Interac supports e-Transfers, Online payments, Debit solutions for ApplePay and GooglePay, and Cash.
If you are a Canadian resident with a bank account with any of the 200+ Interac-friendly banks, then you are definitely eligible for using this banking method to gamble online. Listed further down the page are the things you need to know and the recommended Canada-friendly platforms to check out to use this method.
Making Deposits with Interac
For starters, you will need to take care of:
- Applying for an online account with either of the banks that participate in Interac services and have you as their client.
- Make sure that the chosen casino accepts payments via Interac.
In 99.9% of all cases, you will also need to register an account with the selected place to bet and win (the Canadian market, unlike the one in Scandinavia, currently does not support no-registration casinos). From the personal page, head to the cashier, select Deposits, choose Interac and the amount you’d like to add to your balance, and proceed to verify the transaction.
Via Interac Online, the casino’s cashier will redirect you to the dropdown menu of Canadian banks. You are to choose the one you have an account in. The next step would be to log into your online banking account and verify the transaction. Funds will be added to your casino account instantly.
To deposit via Interac Debit, you will need to choose ApplePay or GooglePay instead of Interac, and proceed by verifying the transaction. To be able to pay by Interac Debit, you will need to have your Interac Debit card tied to either your iOS or Android wallet. Funds will be added to the account instantly.
Interac e-Transfer is the direct transaction between you and the casino account. To deposit via this service, you will need to select the bank from the dropdown menu and verify the transaction between the two accounts. Allow up to 30 minutes for the funds to be credited.
Making Withdrawals with Interac e-Transfers
While depositing via Interac should not cause any challenges, with withdrawals it is best to first contact help desk representatives. Prior to registering, make sure that the selected casino allows payouts via Interac. Most likely, it will be Interac e-Transfer.
If the website does support the service, you will need to then make sure that the minimum wins balance meets the requirements, and request a cashout.
With some platforms (especially those licensed by Malta Gaming Authority), if you are making your first withdrawal, you will be asked to pass the KYC verification. This is the verification that lets the team of the casino comply with the licensing authority and to ensure safe services.
Normally, steps of KYC are to:
- Submit proof of ID, copy of the card, and proof of address.
- Allow up to 48 hours for the staff to process the documents.
Then, request a withdrawal. The service will send a notification to your phone or e-mail, which will contain the amount sent to your account. While Interac deposits are instant, it might take up to 6 days for a cashout to land in your bank account. The bank may also charge higher fees for cashouts than it does for deposits.
Things to Know About Interac Casino Payments
Currently, Interac provides three solutions, and all of these may be available in the selected online operator:
- Interac Online
- Interac Debit
- Interac e-Transfers
For the longest time, e-Transfer was the leading method for online gambling. A direct account-to-account transfer will take longer for both deposits and withdrawals but it works both ways.
With the introduction of Interac Online, a gateway between a casino and either of the 200+ banks, most gambling platforms turned to this solution. In most cases, however, it will not support cashouts.
Interac Debit is the branded card tied to an ApplePay or a GooglePay account. To pay with this method, you will need to look for Canada-friendly places to bet and win that accept these mobile payment solutions. The list of benefits includes the fact that the software protects your credit card details. It also saves time as you will not need to type in the 16 digits, CVV, and cardholder’s name.
As far as the fees go, Interac leaves this to the banks. This means that the bank you have an account in will determine how much to charge for deposits and withdrawals. It will also be the reference regarding deposit and cashout limits.
Top 3 Benefits of Interac
Maintained by a network of Canadian banks, Interac applies the highest standards of security to all financial transactions.
Supported by top casinos
In most cases, Interac will be added to the cashiers of licensed and regulated online operators. Check our database for 100s of websites.
Don’t wait a minute longer! Approve the Interac deposit from your online bank account and start gaming immediately.
Our Opinion about Interac
A highly secure and well-established network of banks is trusted by thousands of Canadians. It is also integrated into some of the highly-rated places to bet and win, including locations like Leo Vegas. You can both deposit and withdraw via this banking solution, as well as gain access to many welcome bonuses and ongoing promotions.
Interac: Frequently Asked Questions
Lots of great and certified international online operators have their Canada-friendly bonuses all set and ready, and 888 Casino is definitely one of them.
The best advice would be to stick to CAD-friendly cashiers to maximize your experience with Interac. While it is a national network tailored to process transactions in Canadian dollars, it also supports conversions. However, these will come with extra fees. For enjoyable and secure gaming in CAD, check services at Casoo Casino.
Bank transfer is more pricey than cashouts to e-wallets, unfortunately. On the bright side, it is also very safe. For the exact fees, you will need to consult with your bank as it is the one to establish the charges, not Interac.
Deposits will land in your account instantly. For cashouts, allow up to 6 workdays.