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Interac

Best Interac Casinos

These days Interac is also rapidly increasing in popularity as a method of online payment, and this is great news for fans of live online casino gambling. When choosing Interac, funds transfer electronically from your bank account directly to your casino balance. It is as safe and secure as it is lightning fast.

Plus, by using Interac you can use the same online banking that you normally use to review your payments after they are completed, so everything is easy to verify and keep track of.

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ℹ Advertiser Disclosure

At Betspin.com we put player safety and security first. While we do accept a commission from partners which may affect brand positioning, we are dedicated to only working with trustworthy and reliable operators. All our reviews are written and rated independently of the paying partner and we reserve the right to decline commissions from operators who do not meet our standards. Our list of top live casinos is not comprehensive of every casino operating in the market but is updated continuously with the best and newest brands.

Since Interac is a Canadian product, it can only be used at live dealer online casinos that accept Canadian players. Fortunately, we have that complete list available for you to check out above. Our experts also conduct full reviews of the top Interac live casinos, to help you find the perfect one for you

Pro tip* – be sure to sign up with one of our exclusive BetSpin links to get hooked up with a valuable welcome bonus right off the bat.

Millions of Canadians use Interac debit cards. The convenient plastic cards have become one of the most recognizable and trusted payment solutions in the country and are widely accepted by vendors and service providers across the nation.

In this article we will take an even deeper dive into all the benefits of using Interac at your favorite live dealer online casino, and explore specific topics like:

Contents

    How to Deposit Using Interac at Online Casinos

    How to Deposit Using InteracUsing Interac to get funds into your live dealer casino account is safe, secure, and easy. All you need is a bank account that supports Interac payments.

    Your first step will be to sign up with a live casino, if you don’t already have an account.

    Normally this takes just a few minutes and may require sending some photo identification for them to verify your account. Following this, you can head to the casino’s cashier section or, depending on the site, simply click the Deposit button at the top of the screen.

    The Interac option should be near the top, since it’s a very popular payment method for Canadian players. After selecting the method, you will be asked a security question that you will have already set up with your online banking. This confirms your identity and provides an extra layer of security for all parties.

    From here you will be taken to an interface provided by your bank. It will prompt you to send a transfer to your newly verified casino account.

    You may also be asked an additional security question. Just complete the onscreen instructions, confirm the email verification, and head back to the site to see your funds (and bonus balance) waiting for you to use within seconds.

    The whole process is very easy, and will be familiar to tons of players who already use Interac to pay for a variety of things online.

    Interac Processing Fees at Online Casinos

    Nearly all casinos don’t charge any deposit and cashout fees. Although this is usually the case, we still encourage our readers to check with the site beforehand to avoid any surprises.

    For cashouts using Interac, there may be a small fee applied on the bank’s end, but this will depend on which bank you are a customer with. Generally, Interac is a very cheap option for sending and receiving money to your live casino account.

    How to Withdraw with Interac at Online Casinos

    One of the bonuses of using Interac as your deposit choice is that the site will almost always also have Interac available as the withdrawal option. In fact, most sites will encourage (or even require) you to do it that way.

    This is very convenient, since your account will already be verified and ready to connect back to your bank account. Just be sure that you have already achieved any necessary playthrough requirements if you’re trying to withdraw some bonus cash!

    If you have met those wagering requirements then you’re all set and ready to proceed.

    Simply head back to the cashier section of the live dealer online casino and click on the withdrawal button. Once you select Interac just follow the onscreen instructions to proceed with the cashout. It’s very similar to the deposit process.

    Once you see the funds in your bank account they will have been cleared and immediately available for you to use.

    Interac Processing Times at Online Casinos

    Depositing with Interac is lightning fast. You will find that your account has the funds as soon as you confirm the transaction. Furthermore, if you signed up with one of our BetSpin promotional offers you should see your bonus balance immediately available as well.

    Since Interac is directly connected with your banking, there are never any delays due to third party regulators who need to run security clearance on the transaction. It is a Point of Sale system that verifies the user and connects them directly to their funds.

    That said, some casinos impose a mandatory pending period on all withdrawals, so even if Interac clears the transfer immediately, the casino may not. It’s best to check with your casino in advance – a pending period of a couple of days is fairly common.

    For the most part, your funds will be delivered both securely and swiftly when depositing and cashing out.

    Interac Advantages & Disadvantages

    Advantages of Using Interac at Online Casinos

    • Transfers are quick and secure
    • Never shares banking information with online casino
    • Accepted by many Canadian online casinos
    • Low fees
    • Layered security
    • Sites allow both deposit and withdrawal
    • Can be done via mobile app

    Disadvantages of Using Interac at Online Casinos

    • Fees may vary depending on bank
    • Not available outside Canada
    • Not all Canadian banks use Interac
    • Not available at all live dealer online casinos

    Interac Gets You Into The Action

    Trust and efficiency are the two biggest factors that make Interac such a popular method of online payment for Canadians. The brand has built a reputation that makes it a household name across the nation and one of the top dogs in the online payment processing industry.

    Having direct partnerships with six of the largest banks in Canada (BMO, TD, Scotiabank, CIBC, Royal Bank and Manulife Bank) goes a long way towards building customer trust and dependency.

    The biggest downside to Interac in our view is that it’s not as widely accepted as some of the top international payment methods – but if you can use it we’re happy to recommend doing so!

    If you decide to choose one of our Interac live casinos, make sure you click our sign up links to claim your welcome bonus. See our current favorite Interac Casinos here:

    Other Payment Methods

    ecoPayz
    • Available in 200 countries
    • Easy & fast payments
    • Credit & debit cards
    • Instant money transfer
    Citadel
    • No extra account
    • Your  data is protected
    • Super fast
    • Mobile, tablet and desktop
    Neosurf
    • Online betting with cash
    • Instant vouchers
    • Put pin & pay right away
    • Protected privacy
    Paypal
    • Super fast platform
    • Cheap transactions
    • Both deposits/withdrawals
    • Secure and private

    FAQs

    What is Interac?

    Interac is an interbank network in the Canadian banking system. They offer customers the ability to make payments to a service, such as an online live casino, in which funds are transferred directly between your bank account and the site.

    Can I withdraw funds using Interac?

    Definitely. Both deposits and withdrawals are offered by Interac.

    Are there processing fees for using Interac?

    Casinos will waive most payment processing fees but you may incur fees from your bank provider for using Interac.

    Are Interac transfers safe and fast?

    Yes. Using Interac to get funds into your casino account is safe, secure, and easy. When accounts are verified and secure, the actual sending of the funds from the bank account to the vendor is nearly instantaneous.

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    Tristan Moore Tristan Moore

    Content executive of Betspin.com. Online gambling expert & player for the past decade. I help analyze casino payment methods and bonuses and sort out the best lists for quality gameplay for Betspinners.