While the Canadian government, generally speaking, allows online gambling for local residents, the legislation on gambling is pretty tricky and may seem unclear. The same tricky approach is taken in terms of banking. This is why it is important to learn about Canadian-friendly banking methods - like Interac.
Interac and Interac Online are two forms of the same payment processing company that has been on the market for decades, have won the trust of Canadians, and became online casino friendly for the advantage of local gamblers. Find out more about the perks provided by Interac.
Interac has been on the market since 1984, and it was firstly founded as a non-profit organization to facilitate payments between banks, businesses, and individuals. The organization issues debit cards. But with time, it has adapted to meet the new needs of the market, and became one of the innovative online payment methods.
Canadians like Interac and have trust in it, because it was developed specifically for Canada, and because the company took an effort to actually gain trust through the years. One of the reasons why Interac is so popular is that, in contrast to many other online payment systems, Interac is online casino friendly.
Over 450,000 merchants in Canada accept Interac for payments, and lots of foreign online parlours for Canada do the same. In 2018 alone, the Interac system processed over 7 billion transactions.
Interac online parlours can be one of the most convenient options for Canadian players, and many foreign casino operators know that, so, they do their best to add Interac to their banking methods. However, before Canadian gamblers get excited about such convenience, it is important to keep a few things in mind.
Creating Interac Account
Before you get an account, check if the bank you already use collaborates with Interac. If not, maybe you want another account with a bank that does. Then, go to Interac’s official website and choose the product you prefer for your payments. You may want to get a prepaid card, or you may simply get a mobile Interac account for sleek and quick payments. To connect Interac to your mobile phone, download Interac software from the mobile store and install it. After that, you will be able to pay with your mobile phone and confirm casino payments.
Deposits via Interac
Interac casino deposit is very simple. You go to your Banking page in the casino account, choose online casino Interac Deposit, and choose Interac from the dropdown menu. If you use more than one product by this payment processing company, make sure you indicate the right one. Then, indicate the sum of deposit, and confirm the payment via your mobile phone or email.
Bonuses
Sometimes, online parlours offer exclusive casino bonuses, Welcome or otherwise, to customers who make deposits via a specific system. Interac bonuses are rare, but are still possible. So watch out for additional bonuses from the casino with Interac deposit, before you make a deposit - maybe you would like to claim one for yourself.
Withdrawals via Interac
To cash out your winnings via Interac, go to your Balance, choose Withdraw, indicate the sum, and place the request. While cashout via Interac is simple and fast, make sure you have met the withdrawal requirements of your particular casino; otherwise, the transaction will be rejected. Withdrawal requirements may include: meeting minimum and maximum withdrawal limits, meeting the bonus/deposit wagering requirements, having your account verified, etc.
Interac Commissions
One of the best things about Interac for Canadians is that its commissions are, firstly, small, and secondly, stable. The size of the commission per transaction varies from 1 to 1,5 CAD regardless of how huge the transaction is. However, the bank linked to your account may apply their additional commission, as well, so make sure you know the rules.
Interac Mobile
Interac is extremely friendly not only to online parlours, but also for mobile online casinos and mobile banking. You can create a mobile payment account with Interac and download an official mobile application of your preferred online casino, and have all your entertainment and payment in one place, linked conveniently.
Interac has been on the market for decades, and it paces forward together with security trends and online risks. It can be considered pretty safe for use, due to the following features:
Experts say that the biggest risk for using Interac is the human factor; there are more chances for the user to lose the mobile phone, or otherwise compromise their data in the system, than hacking the system.
If a casino online Interac accepts Canadians and holds a proper license for online gambling, it is most probably legal and okay to play online casinos for real money.
Every decent casino Interac Canada has a license, certifications, seals of trust, and seeks ways to prove their trustworthiness to potential customers. Check out if they are legal and whether they protect users’ data properly. If yes, it is safe to make bets there.
Almost every Interac casino online offers so-called Demo mode for its casino games. In Demo mode, you can play without depositing, and also without registering an account, just to spin some games and entertain yourself. If you want to play casino games for free and still get real money winnings afterward, you need to find a reliable casino that offers a No Deposit bonus for customers depositing with Interac.
A casino with Interac can offer a No Deposit bonus promotion for its new or already depositing customers. Check its Promotions page, and Bonus Terms and Conditions, to see if such a feature is available.
In the majority of cases, a Canadian casino Interac that offers Live Dealer games in its lobby, allows customers depositing with Interac to make bets on these games.
Interac casino Canada sites first take from 24 to 72 hours to verify your withdrawal request. After the request is confirmed, the transaction is passed to Interac, and here you get your money within 24 hours maximum.
For sure you can. There are no limitations on access to jackpots to customers using the Interac platform.
Pay attention to licenses, game software providers, and general reputation in the web. Read the Terms and Conditions carefully to see what rules will be applied to your gambling. Search for real customers feedbacks on forums and relevant social network groups.
Whether an online casino pays the winnings out or not depends on the casino operator, not the banking methods available at the site. But overall, Interac tries to collaborate with fair parlours that do pay the winnings out.
In theory, any casino can turn out to be rigged, or even hacked. However, if you choose carefully, and take time to explore the conditions offered to you, you can avoid rigged platforms.
Reviewed by - Mike Hunter
Hi there hunter. I’m Mike, gambler and casino expert. Subscribe, grab your rifle, and let’s hunt down some juicy prizes!
