Interac has been providing Canadians with payment solutions for 35 years and is one of the most trusted names in Canada’s financial services sector. Used more than 16 million times a day to pay for everything from morning coffees to moving house, it seems Interac’s quick payment solutions were destined to solve a long-term issue for punters wanting to deposit funds into their casino accounts. Thanks to its e-Transfer and Online options, Canadians can now look forward to a more intelligent approach to online gaming.
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11 New casinos supporting Interac
1st Deposit bonus: 100% up to €100 + 100 Free Spins. Launched on: Monday August 28, 2017
NOTE: There are no casinos available in United States on this toplist. We therefore recommend you to check out Lord Of The Spins Casino that does accept players in United States or one of the other new casinos instead.
Why is Interac a Useful Payment Method?
For Canadians, the simple task of depositing funds into their casino accounts hasn’t always been easy. Because of strict regulations, restrictions around gambling made the use of credit cards impossible to fund accounts, and then the use of e-wallets suffered a similar fate. You can transfer payments using two methods: Interac Online and Interac e-Transfer. Online is instant and secure and is completed using banking procedures. e-Transfer payments use email or mobile phone numbers for the requests, neither divulge any personal data or share with third parties.
How quick is it to deposit?
With supporting banks and credit unions, transfers are usually instant. Punters can expect their funds to be available within minutes.
One of the few recognised ways to fund Canadian casino accounts
Due to its deep roots within the financial sector, they’re recognised nationwide as a trusted payment solution by most major banks and credit unions. This makes Interac services unparalleled for punters. Using Interac Online or Interac e-Transfer for payment transfer options, they remain one of the few ways Canadians can fund their casino accounts. It’s also fast and secure, with a good level of anonymity.
Is Payment Method Interac Secure?
With an excellent track record for combatting payment fraud, users benefit from state-of-the-art encryption, plus their own bank’s encryption, which combined makes it one of the safest payment transaction processing systems available anywhere.The transaction process is simple and super-secure.When users log into their online casino accounts, after selecting Online or e-Transfer as a payment method from the drop-down menu, they will also be given a choice of banks to select from, which should include their own personal bank. Upon selection, a window will open, directing them to their ba secure page where they complete the transaction. Are Interac transactions anonymous with new and existing casinos?During the transfer process, users will only be asked to disclose minimum details such as their card number and online banking login password to complete the process. No names or addresses are required due to previous checks, and the encryption used, meaning transactions remain between the user and the casino (no third-party). This means any transfers remain more or less anonymous.
Is there an age limit?
The general age limit for gambling activities in Canada is 19 years old, however, this can vary from province to province.
5 Common Reasons Interac Payments are Declined
Payments can get declined for many reasons, but here are the top 5: 1. You entered incorrect information – make sure all of your details match, it’s easy to miss a digit. Same goes for the transaction amount. If they don’t match, the transfer could be declined.2. Insufficient funds – sounds obvious, right? But you’d be surprised how many people don’t have enough cash in their bank accounts to fund the transaction.3. Connectivity issues – temporary connectivity issues can cause payments to get declined.4. No online bank account – make sure you’re signed up for online banking or mobile banking, not all accounts have the same functions and login details.5. Session expired – you were too slow, and the transfer wasn’t completed in time. Note: notifications stating ‘Do not close your browser until the transaction is complete.’ This is different and could be a connectivity issue. The process may just be temporarily stalled.
What is the difference from e-wallets?
To begin with, Interac is not an e-wallet. Canada’s tough restrictions around gambling make it difficult to use most well-known e-wallets in most new Canadian casinos.
Any fees for deposits?
Because Interac is a well-recognised brand, its name appears in the drop-down options on most Canadian casino and bank websites. They charge no fees for their services between recognised institutions.
No third-party involved.It’s virtually anonymous – they include no name and address in transaction details.Most transfers are instant and super-safe.
Interac e-Transfers cannot be reversed once they have processed the transaction.Cannot be used for withdrawals.Not really recognised outside Canada.
How do I get Payment Method Interac?
It should be listed in the options of your online banking. Just select it from the drop-down and link your accounts. You can also connect it to wallets like Apple Pay.
Below you can see a sneak preview of the next new casino to be launched in the nearest future.
Euteller launch Instant Payments with Siirto Friday, 28 February 2020 15:50 Euteller goes live with their first instant payment method for mobile phones called Siirto. Former Euteller users can now switch to Siirto when needed and use their mobile phone for depositing money into a new online casino for Finnish players. Deposits should not take more than 5 seconds with Siirto, according to New Casinos Online research. The innovative service will include all the big Finnish banks, such as Nordea, Danske Bank, Ålandsbanken, S-Pankki, Handelsbanken, Aktia, Säästöpankki and Pop Pankki. New online casino sites such as QueenPlay and Casoola supports both Euteller and Siirto.