Interac Online stands as one of the most prominent online payment solutions available to the Canadian player base. The service is a network formed by Canadian banking institutions with the aim of providing users with an easy and convenient way to transfer money on the Internet. Established more than 20 years ago with only five banks, Interac Online has expanded to include over 90 different financial entities in the country. With the growth of the iGaming scene, Interac Online has become one of the primary banking solutions for Canadian players. Below, we go over all of the major features of this payment method, covering pros, cons, fees, and other important aspects.
How Interac Online Works with Online Casinos?
1Connected Directly to Your Bank Account
With Interac Online you can easily make payments from your online banking account to any iGaming website that supports the service. In fact, you do not even need to open an account with the Interac service to make your deposit. Simply, open the deposit form at the Cashier page of your online casino and enter your online banking information. The service will open a prompt and you will be able to confirm the transaction.
2Supported at most Canadian Online Casinos
Interac Online enjoys widespread support in the Canadian iGaming scene. The service is quite popular in general and it is no surprise that online casino operators would jump at the opportunity to offer it to their respective player base. Online casinos marketed to Canadian players will likely give you the chance to deposit with Interac Online, making the whole process simple and convenient.
3Convenient and Simple
Those who utilize Interac Online for the purposes of online gambling have reported overall positive experiences with the service. Not only is it a quick and convenient deposit method, but many online casinos also give users the opportunity to request withdrawals via Interac. In short, Interac Online is a versatile banking method and one can easily manage their bankroll with it.
How We Evaluate Interac Online Casinos?
In the old days, there were only a few online casinos and you could easily choose at which to play since they were known to all. Nowadays, the iGaming industry includes hundreds of online casinos and it is difficult to keep track of all of them. However, that does not mean that you cannot quickly gain an idea about the gambling website. Below, we lay out our benchmarks for how we judge an online casino and you can easily apply them to any gambling website you visit.
You should always be mindful of the security features included by the casino. Whenever you play at any iGaming platform, you will need to submit proof of identity and this will include all manner of sensitive information, including your full name, address, and more. Before you do this, you need to be sure that this data will be kept safe and away from prying eyes. Be sure to check out any encryption systems utilized by the casino operator and any potential Two Factor Authentication systems.
Something else that you should consider is the financial side of things. Be sure to check out what fees are charged by the casino if any. Any gambling website that will charge you for making a deposit is not one that you wish to frequent. There are plenty of online casinos out there that will not take a part of your balance and you should gravitate towards them.
Of course, before you can make a payment with Interac Online, you should make sure that an online casino actually supports this service. Luckily, this does not take long to verify and you can easily check this by browsing the casino website for a few minutes. If you are not satisfied with the supported banking methods, you can always look at a different gambling website.
Another major point of interest is the accessibility of the casino. After all, what use is a gambling website if you cannot load it on your device? Before you open an account be sure that the casino can be accessed from a desktop or mobile platform, depending on your preference. Nowadays, this is hardly an issue as practically all online casinos are available on all commercial operating systems and platforms, but still food for thought.
Consider also who well a given online casino performs on your device. Since each gambling website is different, optimization is tricky and there may be performance issues. To verify that the online casino will run well, simply browse through the website and play some of the games in free mode to gain an understanding.
Promotions are part of the iGaming experience and they offer a lot of value if you take advantage of them. When considering multiple online casinos, be sure to compare promotions to make sure that you get the best deal with your deposit.
Interac Online Casino Deposit
When using Interac Online, you will not be limited in the amount that you can transfer by the service itself. The banking method does not impose specific limits on transactions, however, you will need to take into account the casino’s limits. These vary wildly between the different gambling websites and we cannot provide any concrete information. But you can easily find out by checking the Cashier page at any online casino that accepts Interac Online.
Interac Online is relatively cheap but it is not free. There are certain fees that you will have to pay when using this service, though these are minuscule at best. When you make a payment via Interac Online, you will be charged anywhere between CA$0.115 and CA$0.265 per transaction. This is much cheaper than the average bank transfer and many other payment solutions supported by the iGaming industry.
One of the best perks of Interac Online is how quick transactions are processed. When you make a payment with the Interac Online component, the transfer goes through instantly. The money appears in your casino balance as soon as you confirm the payment and you can get to playing your favorite slots and table games without the need to wait around.
Interac Online Casino Withdrawal
Much like with deposits, Interac Online withdrawals are not limited by the banking method. Instead, all transaction limits are imposed by the casino itself. Typically, all gambling websites have a specific withdrawal limit for a period of time and this will apply to all withdrawal methods, including Interac Online. Before you open an account be sure to become familiar with the transaction limits at your online casino of choice.
Interac Online does not charge you anything when you are the recipient of a transaction. Any fee for the payment is bore by the online casino and will likely not be reflected on the sum you receive. However, you need to keep in mind that certain gambling websites have no problem charging fees for the transactions. If you have the opportunity, you should avoid such platforms and look for more player-friendly ones.
Interac Online withdrawals are neither the quickest nor the slowest in the iGaming industry and are positioned somewhere in the middle. Typically, it will take up to two business days for an Interac Online withdrawal to be processed and for the money to appear in your personal bankroll. This is much quicker than a standard Bank Transfer which takes up to five business days to clear and slower than eWallets which process withdrawals almost instantly.
Interac Online Pros and Cons
When looking at any banking solution, you cannot simply consider the good aspects and ignore the bad. You need to take into account everything that comes with the service and see if the good features outweigh the bad. Below, we line out the most important positive and negative qualities of Interac Online.
Interac Online works with just about every major financial institution in Canada. This means that regardless of which bank holds onto your money, you can always use the Interac Online service.
Like many other region-locked services, Interac Online is strictly limited to players from Canada. In order to sue this transaction method, you must have a bank account with one of the supported financial institutions.
With Interac Online, you will enjoy impeccable deposit speed. As soon as you confirm the payment, you will have access to your money in your casino balance. There is no downtime and you can play your favorite games immediately.
Because of the factor mentioned directly above, gambling websites will often prefer to support international services in favor of Interac Online. While there is a good number of online casinos will accept Interac Online, you will have a much better range of casinos at your disposal if you used credit cards or eWallets, for example.
Interac Online is one of the cheapest banking methods out there that not outright free. With transactions costing no more than CA$0.26, you can hardly complain that this an expensive service. In fact, there are few payment methods out there that are cheaper.
Since not that many online casinos support Interac Online, players will gravitate to more popular payment services. This slows down the integration of Interac Online in the iGaming industry.
Countries Which Use Interac Online in Online Casinos?
Available only in Canada
When it comes to supported countries, you will find that Interac Online is strictly limited to a Canadian customer base. Of course, this is only natural considering that it only works with Canadian financial institutions and you need to a customer with one of those to use the service. As a result, only those who meet that criterion and are located in the country will receive the benefit of Interac Online.
Naturally, since Interac Online is meant for the Canadian user base, the service only supports the Canadian Dollar and no other currencies. If you wish to play at a Canadian online casino, you will easily be able to make your deposit and avoid any exchange fees, something that not all banking methods can boast of. Of course, one also has to take into account that online casinos which accept Interac Online are also likely to be targeted at the Canadian market.View more...
Using Interac Online in Mobile Casinos
When you open an online casino from your mobile device, you still have access to the same banking methods as on a desktop computer. Of course, this also includes Interac Online. The process of making a deposit is quite similar and you should have no issues in topping up your casino bankroll. Simply head over to the cashier page and select Interac Online as your deposit method of choice. From then on, all you need to do is enter the appropriate information and your deposit will go through without a hitch. If you have done this before on a desktop platform, you will immediately familiar with how it works.
2Interac Online Mobile
As with all popular online banking methods, you do not need a desktop computer to have full access to the Interac Online service. You can access the platform directly from your smartphone or tablet, allowing you to manage your bankroll and make payments with ease. Mobile compatibility is a major factor in today’s industry and Interac Online meets all the standards.
Interac Flash is one aspect of the Interac service that has application in the real world. Those with NFC-ready devices can use the Interac mobile app to make contact payments with their mobile device. Simply touch your device to the POS terminal and the payment is complete. It is useful for those who do not wish to deal with credit or debit cards and would like to be on their way as soon as possible.
Interac Online Casino Bonuses
When you play at online casinos, you have the opportunity to claim a bonus, which will increase the size of your bankroll or offer some other form of value. There are several different bonus types in today’s iGaming scene and below, we give you some information about the most common variations that you can receive with Interac Online.
Deposit bonuses are the most common variety and they can be claimed by topping up your bankroll. Usually, the casino will match your deposit up to a certain sum and you can use that money to play the various games in the selection. With a deposit bonus, you can place much more bets than usual and the profit potential is also increased.
Free spins are often part of a deposit bonus, though sometimes they come in stand-alone promotions. As the name implies, you will get to play slot games free of charge a number of times. Each free spin has a pre-assigned value and any payout is based on that. The money you win from free spins is given as bonus funds.
Loyalty points are another way that you can get value for your money at online casinos. They are handed out whenever you place bets or make deposits, such as with Interac Online. Eventually, you get to convert loyalty points for bonuses or other rewards.
No Deposit Bonuses
No deposit bonuses are different from standard promotions since they are given free of charge without the need to make a payment. However, due to this, they are much lower in value and have stricter rules and conditions.
Interac Online Safety and Security
Extra Layer of Protection
Protection from Banks
Much like other online banking services, Interac Online adds an extra layer of security when making payments on the Internet. The service will act as a man-in-the-middle when you confirm a payment and it will go through the Interac Online network before ending up in your online casino balance. This makes it practically impossible for your money or sensitive information to become compromised and you can enjoy your favorite games in peace, knowing that you are safe.View more...
Interac Online Alternatives for Online Casinos
If for some reason Interac Online does not suit you as a banking method, do not worry. There are dozens of alternatives supported by the iGaming industry. Below, we mention some of the most popular payment methods that one can use aside from Interac Online.
iDebit is a great alternative for Interac Online where Canadian players are concerned. This service works with several high-profile financial institutions and is gaining more popularity in the Canadian gaming scene. It allows for instant deposits and a high degree of anonymity. Moreover, it is also quite cheap, making it perfect for making payments on the Internet.
InstaDebit is another excellent online banking solutions targeted at the Canadian user base. Supporting multiple Canadian banks, InstaDebit allows customers to easily make payments and to fund their casino balance. Moreover, there are certain security features that make the whole process secure.
Neteller is one of the most popular banking solutions in the iGaming scene and it is universally accepted. This eWallet allows customers to maintain a balance and to freely move money with a few clicks. Moreover, Neteller is easily accessible to players from all over the globe.
Skrill is another excellent alternative to Interac Online and it is a service that one can use anywhere in the iGaming industry. Accepted by practically all online casinos, Skrill is one of your best options and it will allow you to easily manage your bankroll on the Internet.
If you do not wish to bother with third-party services, you can always use the credit cards issued by your bank to play at online casinos. Most iGaming websites accept Visa and MasterCard, while a few even support Discover, Maestro and American Express. With a credit card, you can easily fund your casino balance and play within a matter of minutes.
Paysafecard is a great alternative for those who value their privacy and seek an easy-to-use and convenient payment method. Available for purchase at thousands of retail locations all over the world, Paysafecard is one of the most widely supported prepaid services in the online gambling industry.
Interac Online Casinos FAQ
What currencies does Interac Online support?
Since Interac Online is only available to a Canadian user base, it only supports the Canadian Dollar. As such, you will be able to easily deposit at casinos that support this currency without the need to pay exchange fees.
Is Interac Online available for non-Canadian players?
In order to use Interac Online, one needs to have an account with one of the financial institutions that are part of the network. Without this, you cannot use the service. If that is the case, you need to find a different payment solution for the purposes of online gambling.
Does Interac Online have real-world applications or is it only used for the purposes of online gambling?
When it comes to real-world benefit, rarely do you find a service better suited than Interac. There are many benefits outside of online payments. More specifically, you can acquire a debit card, use it to make bank transfers, mobile payments with NFC, and more. The service is quite versatile and you will be able to enjoy it in your day-to-day interactions and at your favorite online casino.
Does Interac Online have customer support?
Of course, if at any point you experience difficulties with the service, do not hesitate to contact the support staff to have your issues resolved. There are multiple different ways to establish contact with them, including live chat, phone support – available by dialling 1-888-238-6433, and via email at firstname.lastname@example.org and email@example.com.
How many online casinos support Interac Online?
Since Interac Online is not a global service and is strictly limited to Canadian customers, the overall number of online casinos that accept deposits via this service is relatively low. However, most casinos targeted at the Canadian player base will most likely give you the opportunity to manage your bankroll with Interac Online.