Interac e-transfer is one of the most popular payment methods in Canada, which is evident in the fact that the service facilitated over 371 million transactions in 2018 alone. The Canadian interbank network plays a significant role in the iGaming industry as it’s offered by a vast majority of gambling sites in the Great White North.
Both its ease of use and the incredible convenience it provides make Interac an ideal choice for every online roulette player from Canada.
We’re aware that many of our fellow Canadian readers are already using Interac for everyday purchases. However, we are just as sure that there are those not familiar with how the platform is used on gambling sites. That’s why we created this guide to help you learn the ropes to using Interac for depositing and withdrawing on gambling sites that offer online roulette.
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What Is Interac?
Founded in 1984, Interac is a payment provider that serves as a Canadian debit card system. The service facilitates electronic payments between financial institutions and other enterprises, including gambling sites. It currently has 15 million registered users and offers a wide range of services, namely Debit, Cash, and FlashPay Services.
Interac is one of the best payment methods for Canadian gamblers mostly because of the security measures the service is protected with. According to some reports, the platform has one of the lowest fraud rates in the world.
Why Should You Use Interac?
There are several reasons why you should opt for Interac when playing online roulette in Canadian online casinos. Here they are in a nutshell:
- Availability: Interac is connected with a vast majority of Canadian banking institutions, which means that you can use it for depositing and withdrawing on gambling sites, regardless of the bank you’re using.
- Top-notch security: All Interac transactions are fully anonymous as the provider doesn’t disclose player’s bank details during casino deposits and withdrawals. On top of this, the service employs cutting-edge safety protocols like biometrics and passcode verifications.
- High deposit limits: Interac has deposit limits on casino sites that are slightly above the industry average. You can deposit $1,000 daily on most sites, which should suffice for both recreational players and high rollers.
How to Deposit in Online Casinos Using Interac
To use Interac for funding your casino account, merely follow these few simple steps:
- Create an account with your chosen Interac online casino
- Find the Cashier and select Interac from the list of available payment methods
- Hit the Generate Payment Details button and input the amount you wish to deposit
- After being prompted to the Interac website, paste the details provided by the online casino (recipient name, email, and confirmation code).
- Confirm the payment
- The funds should reach your casino account almost instantly
How to Withdraw from Online Casinos Using Interac
If your online roulette gaming sessions were fruitful, you can use Interac to withdraw your winnings. Follow our lead:
- Log into your account and go to the Cashier section
- Select Interac e-transfer and answer the security question that appears
- Input the withdrawal amount to receive a link
- Complete the verification procedure
- The funds should reach your bank account within 30 minutes of confirming the payment.
Can I use Interac for both deposits and withdrawals?
Are Interac transactions safe?
Can I deposit in Canadian Dollars using Interac?
Is Interac available outside Canada?