Interac Review – Safety is a Priority
Interac is a payment method that uses your bank account to pay at many online-based services, including casinos instantly. It also allows players to receive funds in a fast and safe manner.
An online casino in Ontario cannot access or view your private banking information when depositing or withdrawing with Interac. Transactions are encrypted from start to finish, so they can’t be tampered with. To achieve this, Interac acquired several cybersecurity companies.
Ontario’s casinos also have multiple safety features that protect players, including 128-bit SSL encryption and KYC policies. The former ensures no one accesses your data, while the latter prevents fraud through extensive identity verifications.
These features make online casinos extremely safe environments where players can enjoy great games without privacy and security concerns.
We practice due diligence when reviewing Ontario Interac casino sites. This means, we always ensure casinos comply with the latest industry standards on safety and security. Every casino we review is licensed by the Alcohol and Gaming Commission of Ontario (AGCO), so you can trust these are safe online casinos.
| Did you know? |
|---|
| Interac was founded in 1984 as a consortium between five of the biggest banking organisations in Canada. In 2018, the company merged with its e-Transfer partner, Acxsys, to create the Interac Corporation. Source. |
How To Use Interac At Online Casinos in Ontario
Interac provides 2 types of payments for online casinos – Interac Online and Interac e-Transfer. Both are similar in their functionalities, the main difference being that Interac Online can’t be used for withdrawals. In addition, Interac e-Transfer only requires an email and phone number.
The Interac Online and e-Transfer services are incredibly easy to use. All you have to do is select the corresponding method and type your online banking account login information.
Deposit and withdrawal fees at an Interac Casino
Interac has one of the lowest fees in the market, ranging from $0.115 to $0.465. As they’re so small, casinos usually cover these fees. We tested several casinos according to Interac payment fees. We found that nearly all Ontario online casinos don’t charge Interac deposit and withdrawal fees.
Our list of tested Ontario Interac casino sites includes:
How to deposit and withdraw with Interac
As previously mentioned, using Interac is effortless. Here’s how you can use Interac Online for deposits:
- Go to the casino’s deposit page and select Interac Online to be redirected to its portal.
- Select your bank or credit union.
- Log into your online banking account.
- Confirm the transaction.
Looking to use Interac e-Transfer to deposit funds? Follow the guide below:
- Select the Interac e-Transfer option.
- Pick your bank or credit union from the list.
- Choose the deposit amount to be redirected to Interac’s portal.
- Enter the casino’s details and answer your security question.
- Confirm the details in your online banking account.
You can also use Interac e-Transfer for withdrawals. Here’s what you need to do:
- Choose the e-Transfer withdrawal method.
- Enter the amount you’d like to withdraw from your account.
- Confirm the security question sent to you via email.
- Select your bank and log into your account.
- Confirm the payment.
| Did you know? |
|---|
| Interac acquired several cybersecurity companies to increase the safety of its payments. The company purchased 2Keys Corporation in 2019 and SecureKey Technologies Inc. in 2021. Source. |
Solutions for Issues with Interac Payments
Interac is a very reliable payment method that prioritizes the safety of its users. However, issues can happen. Take a look at the most commonly reported issues with Interac and learn how to proceed:
- I can’t find Interact in the payment methods list of my chosen Canadian online casino. What should I do?
Interac is widely available in Canadian casinos. However, it’s possible that your chosen casino doesn’t accept this method. Try reloading the page or contacting the customer support team.
- Can I receive a refund if I make a mistake using Interac?
This question will depend on the casino’s policies. Some Canadian casinos allow players to request a refund if they don’t use the deposited funds, while others have a strict no returns policy. Customer support will be able to provide you with clearer answers.
- What should I do if I’m a victim of fraud?
Interac only facilitates payments between banks. If you think you’ve been a victim of fraud, we advise you to contact your bank or credit union. Alternatively, you can contact Interac’s team for additional information.
| Did you know? |
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| Interac is available in over 65,000 ABMs across Canada. You can use an Interac ABM to manage your account or withdraw money. Source. |
Using Interac at Online Casinos – Pros and Cons
Interac is a very beneficial payment method, as seen in the table below. However, it has a few drawbacks we recommend you be aware of. Have a look:
| PROS | CONS |
|---|---|
| Fast and safe deposits and withdrawals | Although they’re generally low, fees can vary across banks |
| Your banking details remain private | Can’t be used by players outside Canada |
| Widely available in Canada | |
| Most casinos don’t charge fees for using this method |
Interac vs. other payment methods
Even though it relies on bank transfers, Interac is on par with other popular methods, such as PayPal, in terms of speed and safety. Payments are incredibly fast, encrypted, private, and secure.
You can see why using Interac is beneficial compared to debit cards. The payments are faster and more secure. See the table below for more information:
| Features | Interac | PayPal | VISA | Mastercard |
|---|---|---|---|---|
| Fast withdrawals | ✔ | ✔ | ✖ | ✖ |
| Encryption | ✔ | ✔ | ✔ | ✔ |
| Your banking details remain private | ✔ | ✔ | ✖ | ✖ |
| Has 2-factor authentication | ✔ | ✔ | Depends on the website | Depends on the website |
| Did you know? |
|---|
| Interac e-Transfer can also be used to transfer money to friends and family. The recipient must accept the transaction before it’s concluded. Source. |
Ready to Start Using Interac?
It’s easy to see why Interac is the leading Ontario online casino payment method. It’s straightforward to use, fast, and extremely safe. One of our favourite features is that it doesn’t share your banking information with the casino, ensuring your privacy.
It’s also widely available in the country – nearly all Canadian casinos accept Interac deposits and withdrawals. Give Interac a try and enjoy faster payouts!
Frequently Asked Questions
