This is arguably the most popular and widely used payment method in Canada. In 2019 alone, it recorded 6.2 billion financial transactions across a wide range of industries and the online gambling sector was quick to capitalize on the increasing demand.
Essentially, this is an e-payment gateway which are one of the most effective ways of processing financial transactions via the internet and is similar in principle to a lot of the others that are currently available.
This is a very common payment method with Canadian online casino players due to its convenience. One of the biggest problems that Canadian players have encountered is being able to deposit and withdraw money safely and securely, but also in an efficient manner. Interac though seamlessly covers these bases and more.
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One of the advantages of using Interac for online gambling transactions is that everything is recorded by the bank that you use. This means that you are able to keep a close eye on any suspicious activity that might be taking place. As a result of this, you are also covered by your bank’s customer service policies who flag any suspicious or fraudulent activity and address this quickly and effectively while keeping you informed at every step.
Accessibility
Every Canadian bank supports Interac in terms of its e-transfers, while there are also many Canadian online casinos that accept Interac e-transfers. Many of these you can find here at NetEnt.net. Specific Canadian banks that are compatible with Interac payments online include RBC (Royal Bank of Canada), TD Canada Trust, the First Nations Bank plus a number of Canadian credit unions.
Bonuses and Promotions
What you will find is that a great number of Canadian online casinos offer bonuses to new and current players. This is still the case even if you deposit and withdraw using Interac. Furthermore, because Interac is one of the most popular payment methods, it is often the case that some online casinos offer promotions that are unique to Interac deposits. You can find these as they appear here at NetEnt.net!
Deposit and Withdrawl limits for Interac online casinos
Making deposits and withdrawals using Interac is quick and convenient. The minimum and maximum deposit and withdrawal limits that players are allowed though, is often established by the online casinos.
As a general guideline, you will find that the minimum withdrawal limit is usually around CAD $50 while the maximum often varies depending on the casino site.
Currently, you will find that Interac has a deposit limit of CAD $25 and this was reduced from $75 in January 2020. This could always change further, though we will always make sure that you are kept up to date with this information.
To make a deposit at an online casino using Interac, simply follow the registration process that the site has in place and select Interac from ‘payment methods’ or ‘payment options’. Then, you will be able to make a deposit, assuming your bank account is linked to Interac.
Although maximum withdrawal limits are defined by online casinos and typically differ, there might be discretion on a case-by-case basis depending on whether you are a VIP player. This could mean that you have certain benefits that allow you to both deposit and withdraw more.
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