Interac Online Casino Payment Method Review

Interac is one of the most popular forms of e-transfer payments in Canada. In the following text, we will get you up to speed with the payment system. You will find out what it is, how it works, and address the depositing and withdrawal processes at casinos. We will also provide you with a list of Interac’s pros and cons. Lastly, to save you time locating a good Interac-accepted casino, we will give you list of the five best casinos, where you can play with payment system. 

Top 5 Casinos with Interac

Magic Red Casino

Magic Red Casino is an Aspire Global International product available as an offshore casino to Canadian gamblers. The operator has been live since 2016 and has licences from the Malta Gaming Authority and the United Kingdom Gambling Commission. The casino has a tight but sufficient game library containing around 200 games from suppliers like Playtech, Ash Gaming, and NetEnt. After claiming the 1,500 CAD and 200 free spins sign up bonus, you’ll gain access to games like 5×3 and progressive jackpot pokies, video poker, blackjack, keno, and baccarat. The table games have live variants. To learn about the available payment methods, read our Magic Red Casino review.

Fast Pay Casino

Fast Pay is another offshore option for Canadians. The platform is owned by Direx N.V. and licenced by the Curacao government. Beyond the 100 CAD welcome bonus, this casino has a stunning variety of games – over 7,100. The majority of the content, which comes from 32 suppliers, are pokies, of which 10 are progressive jackpot slots. There are also several dozen classic table games and three games with real dealers. You can learn about the payment systems by reading our Fast Pay Casino review.

Nitro

Nitro casino is one of the new players in the Canadian market, but it’s well-worth a look. The MGA-authorised platform stands out with an impressive four-part welcome bonus of up to 5,000 CAD in cash at 50x rollover and close to 1,500 games. The casino has a huge pokies section and a live casino. The games are eCORGA certified and come from reputable software companies, such as Microgaming, Play’n’Go, Betsoft, and 47 others. Interac and four other payment systems are supported at Nitro. You can discover the details in our Nitro casino review.

LevelUp

Another offshore provider in Canada with a good welcome bonus (2,000 CAD and 200 free spins) is LevelUp casino. The casino is licenced by the Malta Gaming Authority and is a brand from the group of casinos owned by Drama N.V. The platform works closely with 30 game studios, which has resulted in a game library with close to 2,000 titles. Popular games include several variants of blackjack and roulette, and pokies like Divine Fortune, At the Copa, and Jackpot Raiders. To find out about LevelUp’s supported payments, read our LevelUp review.

Gaming Club

Another established offshore option for the Canadian market is Gaming Club casino. The MGA-registered brand has been operational since before the internet revolution in the industry – since around 1994. In addition to a decent payout rate of 96.25%, the casino offers a welcome bonus of up to 350 CAD and a solid game section of more than 500 games. The casino is heavily powered by Microgaming. Popular titles include Poker Pursuit, Sic Bo, Three-Card Poker, and more. Read more about the Gaming Club casino in our review.

How to use Interac

First, have in mind that you can make two types of payments with Interac: e-transfer and Interac online. Whichever option you choose, you need to have a Canadian bank account. This is important because in order to receive a payment via Interac (i.e. receive a casino withdrawal), you won’t be able to do it if you don’t have a Canadian bank account.

To set up Interac e-transfer:

1. Get into your online banking account or mobile banking app.
2. Go to the ‘Manage Transfers’ section.
3. Click on ‘Manage Autodeposits’ and provide your email address.
4. Confirm your Interac set-up via the email you’ve provided.

Also, be aware that, while both Interac Online and E-transfer are supported for deposits at most casinos, only e-transfer can be used for withdrawals.

Making Deposits with Interac

To make deposits at casinos, you need to go through the casino registration process first. Once you have an account, you can make your first deposit:

1. Log in to your casino account and navigate your way to the banking section.
2. Select ‘Deposit’ and pick Interac.
3. Input the amount you want to deposit.
4. You’ll be taken to a separate Interac payment page, which is 100% secure.
5. There, you can pick between Interac E-transfer and Interac Online.
6. Complete the procedure.
7. You are ready to spin

You should see the money being added to your casino account within 24 hours with e-transfer, and up to 1 hour with Interac Online. The delay occurs because you need to create a security question and an answer to it, the latter of which you’ll need to give to the casino. During the transaction, the bank will ask the vendor the security question and if they answer correctly, the payment will go through.

Making Withdrawals with Interac

Withdrawals work in a similar way to deposit but in reverse. To get your hands on your winnings:

1. Repeat the steps (log in, head to the cashier, pick Interac)
2. Pick the e-transfer option and your bank (as it is the only one that works for withdrawals).
3. Enter the amount and confirm. You will need to, once again, go through security steps.
4. Complete the transaction.

Withdrawals take a bit longer than deposits. Usually, it takes anywhere from four to six business days to receive your winnings. This depends on the amount requested for withdrawal and the processing time of the casino.

Interac Security

Interac is a highly trusted payment method with an unspoiled track record for security. Transactions via Interac receive the benefit of multi-layered protection. The first – and most important – thing to know is that transactions are encrypted. What’s more, you can rely on user ID and password, a hard-to-crack login process, and a security question extra measure.

Interac Pros and Cons

Interac is the preferred choice for the majority of casino players in Canada. There is a very good reason for the rise in popularity. The following will familiarise you with its pros and cons.

Pros

• Convenience – paying with Interac is a matter of a few clicks
• No hidden fees – there are no other fees besides the 0.115 CAD for payments below 15 and 0.365 CAD for those over.
• Widely supported by Canadian casinos
• Interac e-transfer can be used for both deposits and withdrawals

Cons

• Transactions are a bit slower than payments with e-wallets, for example
• Interac Online cannot be used for withdrawals

Conclusion

Interac is one of the best options to use for online gambling in Canada. Once set-up, the payment system allows for deposits and withdrawals to be made with very little effort. What’s more, Interac is widely spread in Canada and most casinos that provide a service in the country support it. The result is easy payments and no restrictions in terms of games and bonuses you can experience.