Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system, as the traditional credit card providers (Visa and MasterCard) rarely provide debit cards in Canada due to Canada’s level of development which is too high for both. There are over 59,000 automated teller machines that can be accessed through the Interac network in Canada, and over 450,000 merchant locations accepting Interac debit payments.
The network was launched in 1984 through the nonprofit Interac Association, a cooperative venture between five financial institutions: RBC, CIBC, Scotiabank, TD, and Desjardins; by 2010, there were over 80 member organizations. The group founded a for-profit counterpart organization, Acxsys, in 1996, which launched additional Interac-branded services including e-transfers. Following several aborted merger attempts which were either blocked by the Competition Bureau or by some of the co-owners between 2008 and 2013, Interac and Acxsys were combined into a single for-profit organization, Interac Corporation, on 1 February 2018. Interac’s head office is located at Royal Bank Plaza in Toronto.
Canadian casinos that accept Interac
Interac payment method is used at online casinos exclusive for Canadian players. The safe and trusted online banking method allows users to make and secure payments directly from their bank account without any third party surveillance. Interac Online is linked to the user’s bank account and immediately authorizes transactions with online casinos, allowing for immediate access to the necessary funds. All sensitive information such as passwords, banking information and personal data is kept under the protection of both the bank and safety measures instilled by Interac Online. The entire process is speedy and requires only a few simple steps that are guided by basic and easy to follow instructions.
The online casinos that offer Interac deposit options
There are few online casinos that offer Interac deposit options.
1. Play Now Casino
Play Now casino is the perfect Interac deposit casino owned and operated by BCLC. PlayNow.com is part of this same corporation which oversees BC Casinos and Lottery in your local retailers. PlayNow offers the best in online gambling entertainment for adults in BC. From exclusive slot games only found in your favorite BC Casinos to a full suite of Sports Betting, Lottery and Casino products available on mobile; PlayNow.com offers a customizable experience for every player type. If Texas Hold’em is your poker game of choice download our free software and get into game today. Play against players from across the country with big guaranteed jackpots in Bingo.
2. Play OLG Casino
Play OLG Casino offers Interac deposit to play lottery as well as slots, table games and other casino games even with your cell phone with the casino app instantly.
3. Espace Jeux Casino
Espace Jeux casino is another Canadian online casino that offers lotto Quebec as well as slots, table games, sports betting, bingo and various other games to enjoy with real money depositing with Interac.
There are few other online casinos that specifically offer Interac as one of the deposit method for Cannucks to fund their casino account easily with this deposit method. It is always better to ask the customer support team via live chat about this deposit method and whether they offer this option or not.
Benefits of using Interac at online casinos
Rather than using sensitive information at online casinos, Interac Online users are able to transact between their casino account and their bank account without having to actually log into their banks accounts. This protects any sensitive information from third party activity and also leaves no paper trail from the bank account to the casino. This is all possible due to the process Interac Online facilitates upon sign up and completion of the account. Players are then able to transfer and move cash around using only their Interac account details, which have nothing to do with banking login details. The sign up process is fast and efficient, ensuring that users have immediate access to their funds in a safer environment.
How to make a deposit with Interac at online casino?
To make a deposit with Interac is simple process.
- First go to a reputable online casino where you wish to enjoy slots or other games either with your PC or cell phone.
- Now look for the banking menu and select the ‘Make Deposit’ option.
- If Interac is given as one of the deposit modes then choose Interac Online as your preferred payment option.
- An amount will be requested, this amount is deducted from your Interac Online account so you will need to ensure that there are sufficient funds in the account.
- Once the amount has been chosen to deposit into the casino account, you will proceed to the Interac Online account where you are required to enter specific details which will then conclude the online transaction.
- Funds should shortly reflect in your casino account.
How to make a withdraw with Interac at online casinos?
Unfortunately this service is not used as a means to withdraw cash from online casinos. Players can however use Interac E-Transfers to withdraw money from their casino wallets. You can see which withdrawal options are available by navigating to the ‘Banking’ tab and selecting ‘Withdrawal Options’ at the casino of your choice. This will deliver a list of available methods in which members can withdraw winnings.
How to get started with Interac?
If you are looking for an online casino accepting interact, you will be happy to know that just about every worthwhile Canadian casinos uses this payment option. It is a convenient and easy choice and allows you to enjoy real time gambling action from the comfort of your home. Canadians love it because it’s almost free. There is a flat rate charge for every e-transfer whether you are sending $5 or $500. This means your online gambling transactions won’t have fluctuating costs and they happen in real time. The fee is usually about $1 or $1.50 but it can vary depending on your bank so this is worth checking.
In order to use this electronic payment method, you need to have an account with one of over 200 of the participating financial institutions including:
- Royal Bank of Canada
- TD Canada Trust
- Bank of Montreal
- Canadian Imperial Bank of Commerce
- Credit Union Central of Canada
Choose a bank from the list of participating financial institutions and then sign into your online banking portal. You are provided with a client card number that is requested which will then be entered along with the clients existing online banking password. This opens a new page where the user will select one of the linked accounts to be used as the payment account.
To know more about Interac visit the website here and know how you can start with this payment method and make its full use while playing real money slots at online casinos by depositing in real time with CAD.