The most Safe and Secure gambling payment method for Canadians
Interac e transfer is one of the most popular payment methods for players and online casinos. Developed as an inter-bank system within Canada it’s no wonder that it is quick, reliable and secure.
Interac e transfer is popular because it connects seamlessly to a Canadian bank account via the existing online banking facility. The protection and security that is found with the Canadian financial institution translates to the Interac payment method.
Unfortunately, if you don’t bank with a Canadian financial institution and in Canadian dollars, Interac e transfer will not be an available payment method for you.
But if you are one of the many lucky Canadians, or someone who banks with a Canadian bank and in Canadian dollars then you can’t go wrong with Interac e-Transfer.
Interac is not a credit card system but rather a debit card system. This means you need to be careful with whom you are transferring your monies to as there is very little recourse if you have transferred to the wrong recipient. In this regard, Interac behaves very much like cash, only it is online. It’s that easy and simple to use.
Recommended Interac e Transfer Casinos
Here is a list of our favorite casinos summarized in a table to show which ones accept Interac as a deposit or withdrawal option.
| # | Casino |  Deposits | Withdrawals | Bonus | |
|---|---|---|---|---|---|
| 1 |  | Deposits | Withdrawals | 100% up to $500 + 50 Free Spins Welcome Bonus | PLAY NOW |
| 2 |  | Deposits | Withdrawals | 100% up to €150 + 100 Free Spins Welcome Bonus | PLAY NOW |
| 3 |  | Deposits | Withdrawals | 100% up to €100 + 150 Free Spins Welcome Bonus | PLAY NOW |
| 4 |  | Deposits | Withdrawals | 100% of up to €500 Welcome Bonus | PLAY NOW |
| 5 |  | Deposits | Withdrawals | 50% up to €100 + 30 Free Spins Welcome Bonus | PLAY NOW |
| 6 |  | Deposits | Withdrawals | 100% up to €200 + 50 Free Spins Welcome Bonus | PLAY NOW |
| 7 |  | Deposits | Withdrawals | 100% up to €100 + 120 Free Spins Welcome Bonus | PLAY NOW |
| 8 |  | Deposits | Withdrawals | 100% up to €100 + 25 Free Spins Welcome Bonus | PLAY NOW |
| 9 |  | Deposits | Withdrawals | 5% - 7% up to €1000 CashBack Bonus Reload | PLAY NOW |
| 10 |  | Deposits | Withdrawals | 50% up to €100 + 30 Free Spins on Ogre Empire Slot 4th Deposit Bonus | PLAY NOW |
| 11 |  | Deposits | Withdrawals | 100% up to €100 + 20 Free Spins Welcome Bonus | PLAY NOW |
| 12 |  | Deposits | Withdrawals | 100% up to $200 + 30 Free Spins Welcome Bonus | PLAY NOW |
| 13 |  | Deposits | Withdrawals | 100% up to €200 + 200 Free Spins Welcome Bonus | PLAY NOW |
| 14 |  | Deposits | Withdrawals | 100% up to $150 + 100 Free Spins Welcome Bonus | PLAY NOW |
| 15 |  | Deposits | Withdrawals | 100% up to $100 + 100 Free Spins Welcome Bonus | PLAY NOW |
| 16 |  | Deposits | Withdrawals | 100% up to $100 + 120 Free Spins Welcome Bonus | PLAY NOW |
While we are unable to list every operator, you can click here for a comprehensive list of Canadian interac casinos.
How to use Interac
There are three ways of using Interac – Interac e transfer, Interac debit or Interac online. All ways are effective, however Interac e transfer is more widely used. Interac Debit has recently been integrated with mobile devices branded as Interac Flash – which stores and protects debit card details. Here is a list of all financial institutions that accept Interac.
Interac e transfer
To use Interac e transfer follow the below steps:
- Select the online casino that you would like to open an account with.
- Complete the online casino member details form.
- Once your member account has been created, select the payment method Interac e transfer and type in deposit amount.
- Record the Recipient, Recipient Email and Message Code.
- Go to your Online Banking and sign in.
- Create payee with Recipient, Recipient Email and Message Code.
- Select your bank account and type in deposit amount.
- Send money.
- You will receive a confirmation of receipt at the online casino.
Interac debit
You can use your Interac Debit to make instant deposits to your online casino. To do this you can follow the below guide:
- Select the online casino that you would like to open an account with.
- Complete the online casino member details form.
- Once your member account has been created, select the payment method Interac Debit.
- Enter your Interac Debit card details.
- Enter your amount.
- Click submit.
- And now your ready to play!
Interac Online
To use Interac Online at an online casino you can follow the below guide:
- Select the online casino that you would like to open an account with.
- Complete the online casino member details form.
- Once your member account has been created, select the payment method Interac Online to top up your balance.
- Select the financial institution that you bank with.
- Go to your Online Banking and sign in.
- Select your bank account and amount and transfer.
- You will receive a confirmation of receipt at the online casino.
The benefits of using Interac Online are:
- Your payment is masked from the online casino. Your personal and banking information is hidden and cannot be discovered by the online casino.
- Your payment is made immediately and doesn’t require days to clear.
Why you should use Interac
- Easy and Simple to use – The process of transferring monies is attached to your online banking process. So you don’t need to create a new online account or new passwords. Just use your normal online bank account and follow the normal online bank transfer process. It’s as easy and simple as that.
- Security and Privacy – you have confidence, because the process is using your pre-existing bank’s security and privacy framework. This framework is part of the Canadian banking system and is one of the best inter banking networks in the world. Knowing this, you can play with confidence.
- Tracking – because you are using funds direct from your bank account you can keep track easily of the funds going in and out. Simply check your online bank account transactions and balances and you can easily see how well you are playing.
- Fees – Interac fees are minimal. Only $0.50 for a transaction under $100 or $1.00 for each transaction that is over $100. With a 1% or less transaction fee for $100 and above, Interac fees are extremely competitive. PLUS often these fees will be absorbed by the online casino.
- Widely available – Many online casinos accept Interac as a payment method. So rest assured, your favorite online casino will be able to accommodate using Interac. Interac is growing in popularity, and to meet this demand, any reputable online casino will be offering Interac as a payment method.
Interac e Transfer Popularity
Interac just keeps growing in popularity year on year. Below are the statistics for 2018. Remarkable growth for an already mature service in the Canadian banking system.
Interac e Transfer Statistics
- 371 million transactions in 2018
- $132 billion CAD in 2018
- 54% increase in transactions year on year
- 45% increase in value year on year
- Used over 1 million times per day
- Used over 35 million times per month
- Average user uses interac e transfer three time per month.
- A transaction average value is $357CAD
- November 2018 was the busiest month.
- 76% of users use a mobile device to transact.
- 80% of online banking users are registered to use interaction e transfer
Complaints and Disputes
In the unlikely event of a complaint or dispute first contact the online casino. If still unresolved contact your financial institution and they will have a complaints and dispute procedure that they will implement to help you. The procedure for complaints and disputed resolution is embedded in the financial institution framework of Canada. With strong regulatory controls and policies in place I therefore strongly recommend using Interaction e Transfer.
History of Interac e Transfer
Interac e Transfer is one of several digital transfer methods offered by the Interac Corporation. Back in 1984, Interac services were created through a non profit organisation through the support of five major Canadian banking financial institutions: RBC, CIBC, Scotiabank, TD and Desjardins. Overtime, the non profit organisation grew to include up to 80 members.
As Interac grew, the original five contributing members established a for profit organisation in competition to Interac named Acxsys. After several unsuccessful attempts to merge, the two organisations finally became one on 1 February 2018 as Interac Corporation.
Interac services are the most widely used by Canadians around the world.
Summary
If you are Canadian then you should use Interac e Transfer as your preferred payment method. Interac e Transfer is the most popular payment method for Canadian bank accounts with online casinos. The reliability, privacy protection and security that it offers is unsurpassed. And it blends in seamlessly with normal online banking transactions that is now part of everyday activity for Canadians. You can play with confidence using Interac e Transfer.
Other Great Interac Payment Methods for Online Casinos
FAQ
Unfortunately not. Interac can only be used in Canada leveraging off the pre existing Canadian banking system.
Interac is simple and easy to use, available on your mobile phone, and most of all, everyone uses it. It’s the most trusted and reliable payment method in Canada.
You sure can. It’s not widely known, but online casinos in Canada accept Interact as a payment method! This makes is so easy for Canadians to deposit and play.
There is an inordinate number of online casinos that use Interac. At Gambledex, we are sure that nearly every online casino that is an established provider for Canadians will accept Interac as a payment method.
An Interac e transfer is the most used method of the Interac family. It can sometimes be confused with Interac Online and Interac Debit, but essentially more online Canadian casinos will accept Interac e transfers, than Interac Online or Interac Debit.
Sometimes mistakes do happen, and an Interac e transfer has been made to the wrong recipient. If you want to change recipients that the intended deposit was for, then proceed as follows:
1. First check that the funds have not left your bank account.
2. If they haven’t then quickly log into your online bank account or via your app and correct the email address or mobile number.
3. If you want to retract the deposit completely, you can cancel the payment.
Yes, both online casino AND bingo sites in Canada can accept Interac e transfers.
You cannot use Interac for banks or financial institutions that are not part of the Canadian banking system. In order to use Interac, you need to have a bank account with a Canadian bank.
Yes, it can be. As long as the bank account that you are using is part of the Canadian banking system.