Interac is a Canada-based online payment method that is integral to all major banks in Canada and can be used as a banking method in many Canada-facing online casinos. Find out more about this service here. Read more
The Interac network was launched through the non-profit Interac Association in 1984 as a co-operative connecting the biggest five financial institutions in Canada: RBC, CIBC, Scotiabank, TD and Desjardins.
Interac serves as the debit card system in Canada, which contains a network of more than 59,000 ATMs and nearly half a million merchants accepting Interac debit payments across Canada.
In 1996, the for-profit counterpart Acxsys was founded to facilitate further Interac-branded services, including e-payments.
Thanks to a merger of Interac and Acxsys, the company became the Interac Corporation in 2018, which now counts 83 members.
First of all, you better have a Canadian bank account. Interac is not just based in Canada, it is exclusive to Canada. And just about all major banks are members of the network, which makes sending and receiving money via Interac very easy.
When you want to send or request money using Interac, you have to login to your bank account, either through the online banking website or a mobile app. Wherever the “Payments and transfers” are located on your app or online banking service, that’s where you’ll find the Interac option as well.
Here you have the option of either sending or requesting money. To do either of the two, you simply need to know the email address or phone number of the other party. It’s possible to add a message as well, to clarify why you are sending or requesting money. Before sending everything off, you choose which account the money should be sent from or deposited into. And then you simply send it off.
The other party will receive a message letting them know they’ve received money or that you requested some from them. They can respond by logging into the bank of their choice and accepting or denying the transaction.
For Online Casino Deposits and Withdrawals
When it comes to using Interac as a payment option for online casino deposits or withdrawals, things are very similar.
Of course, you need an active account at an online casino available in Canada. And you need a Canadian bank account. Then you can select Interac as payment or withdrawal option, select the amount of money you wish to deposit or withdraw, enter the details as requested and away you go.
At no point will you need to add any bank or credit card information and your funds will be available within a few hours maximum.
If you are Canadian, Interac is probably the payment method you should choose among all others. It’s simple, it’s safe, it’s fast and it’s widely available.
But there’s more than that:
The online casinos offering Interac as a payment option are listed on this site. Most Canadian-facing online casinos will offer it. And you can rest assured that we only list the best and most reliable online casinos here.
Whether a casino is the right option for you is something you can find out by reading our extensive reviews. And how we evaluate our online casinos is explained in a different section on our page as well.
Bonuses and promotions
A final point we want to mention are bonuses and promotions at Interac online casinos. There are no specific promotions involving Interac as a payment option. Although some payment methods may offer such bonuses, Interac is not one of them. On the other hand, however, Interac payments are generally not excluded when perusing online casino bonuses. Some online casinos exclude some e-Wallets from promotions, for reasons we’re not entirely clear on. But we’ve never seen Interac on the list of payment options that cannot claim a welcome bonus or some such.
If you’re interested which bonuses and promotions are offered in online casinos that choose Interac as a payment method, check out our reviews as well. We talk about the bonuses and promotions at length.
Let us know if you have further questions or suggestions.
