Interac e transfer casino
- An email address.
- An online bank account at a participating financial institution.
- And the email address or mobile phone number of the recipient.
New casino slots to play real money
Interac casinos
Interac corp. Has been a trusted facilitator of secure financial transactions for more than 30 years and, according to the company’s website, is nowadays “chosen an average of 16 million times daily to pay and exchange money”. One of the multiple uses for this platform is a banking option at canadian online casinos. In effect, you need to have an account at one of the 80+ canadian financial institutions listed on their website. And of course, have some canadian dollars in your account.
Here you will learn about this popular e-transfer service oriented to canadian customers. We also list the best interac casinos out there:
Best interac e-transfer casinos for 2020 
Interac e transfers
The provider which boasts one of the lowest rates of fraud has a diversified portfolio consisting of interac debit (debit card for purchases at points-of-sale), interac flash (contactless card), interac cash (used by canadians for collecting cash via abms), interac e-transfer (a tool for transferring money between banking accounts) and interac online (for online payments directly from a bank account).
Interac e-transfer service is currently only available to clients who have a canadian currency account at one of 255 canadian financial institutions. These include desjardins, national bank of canada, HCBC bank canada and canadian western bank, with a complete list available at the company’s website. The same site offers information about 80+ financial institutions that are currently offering the interac online service.
How interac casinos work
Online casinos are happy to welcome canadian players who are frequently looking for interac online and/or interac e-transfer as casino banking options.
To send interac e-transfer, one needs to have:
- An email address.
- An online bank account at a participating financial institution.
- And the email address or mobile phone number of the recipient.
Once a transfer has been deposited, it can’t be cancelled or reversed. When you receive an interac e-transfer, you’ll also get a notification via email or SMS with the sender’s name, transfer amount and a link allowing you to collect funds via your online or mobile banking service.
When using interac online, the casino’s deposit page will redirect you to the interac gateway page and ask to select your financial institution. You’ll then login to your online banking to confirm the payment.
Canadian casinos offering interac
Online casino operators are well aware that canadians frequently use interac services to pay for online purchases and transfer funds owing to their safety and ease of use.
Players are their bread and butter so they’ll do whatever is in their power to motivate registration and deposits, including adding interac to the list of payment methods. They’ll benefit at the same time owing to zero authentication costs (banks authenticate customers), competitive fees, transparent pricing (flat fee), lower PCI compliance costs and no chargebacks. It’s really a win-win scenario.
Fund your casino account with interac
Funding your gaming account via interac is easy, no matter which of the two options you choose.
- Players that opt for interac online start by entering the amount they wish to deposit and are then redirected to the interac online gateway page to select their bank. From there on, they’ll be guided through the familiar online banking process until the transfer is confirmed.
- If you instead choose interac e-transfer, you’ll need to log into your online or mobile banking and navigate to e-transfer section to add a recipient. All required information will be provided by the casino, including the recipient’s name, email address and code. In both cases, funds become available to play with almost instantly.
Advantages of interac
Both interac online and interac e-transfer are secure and easy-to-use online payment methods. Transactions are sent in near real-time to within 30 minutes and interac won’t charge you any fees for its services. You’ll benefit from the convenience of your existing online banking access without having to create new accounts, usernames and passwords. Unlike some of the alternative deposit options, interac can also be used to make withdrawals.
At the same time, one needn’t worry about safety of online transactions. With interac online, none of the sensitive financial details are shared with the casino operator. With interac e-transfer, your bank and the recipient’s bank transfer funds using tested and secure banking procedures. Clients are protected with multiple security layers including authentication and transaction encryption, confidential user ids and passwords issued by banks, and a secure login process.
Disadvantages of interac
- Availability of the service (canada only).
- Limited distribution in the online gaming world.
There aren’t really any major disadvantages to making interac deposits – as long as the basic requirements are met.
The service is only available to clients with a canadian bank account and it’s impossible to make interac payments without one. Interac is still not as widely supported in the online gaming world as, for example, visa and mastercard credit/debit cards or ewallets like skrill and neteller, but more and more canadian-friendly casinos recognize that being able to offer it creates a competitive advantage and they act accordingly.
Conclusion
Interac is an excellent deposit and withdrawal option for canadian players owing to its many benefits and lack of any real disadvantages.
As long as the casino you’ve chosen to play at supports it as a deposit (and hopefully also withdrawal) method, you’ll be able to make fast and hassle-free money transfers that don’t require opening new accounts with payment service providers. Safety measures implemented by banks are as strong as the existing technology allows and you’ll be protected from malicious hackers in more ways than one.
Interac online and e-transfer canada casino
The interac payment system is unique in canada and serves as this country’s debit card system, processing payments through hundreds of thousands of merchants across the country.
Interac also provides an e-transfer service, which can be used by canadian bank account holders to transfer money freely and safely.
Interac online network was founded in 1984 when five of the country’s biggest banks joined forces to create a system that would allow for easy and fast transactions between customer bank accounts. This network of 5 gradually expanded and today it includes over 77 organizations, essentially covering all banks in canada.
Deposit online and pay directly from your bank account
Offered by hundreds of merchants for online payments, interac online allows you to pay for your purchases easily, directly from your bank account. Whether you’re ordering dinner, looking for a gift for a special someone, or treating yourself to that brand new pair of shoes you’ve been eyeing, interac online is an immediate, secure, and easy-to-use online payment method. All you need is access to online banking through a participating financial institution. Payments made with interac online are conducted through the convenience of your existing online banking access, without requiring you to create any new user names, passwords or accounts.
Interac online offers you privacy and security
When you pay for online purchases with interac online, none of your financial details, such as online banking information, is shared with the merchant or any third parties. Your payment is completed through your financial institution, who settles with the merchant using established and secure banking procedures.
Interac online also helps you better manage your finances. You pay immediately using available funds from your bank account, unlike credit cards where you may owe more later.
Online casinos are now offering the most secure and simple deposit method in canada, interac online and interac etransfer using gigadat inc as a payment processor. We are proud to anouce that we now offer to our casino interac online and interac etransfer for all canadien players.
The minimum deposit has been reduced to $25 for interac deposits
Interac e-transfer service allows anyone with a canadian bank account to send money to anyone else with a canadian bank account. You just need the recipient’s email address, after which you can log in to your bank account and send them money by entering that address. The process of using interac e-transfer to deposit into an online casino like PH casino CA is even easier, as our payment screen will guide you through the necessary steps.
DEPOSITS
there is a minimum deposit of $25 for all interac online payments and a maximum of $2,500. Interac e-transfer, however, begins at $25 and goes all the way to $25,000.
It is considered to be one of the safest payment methods in the country and is backed by some of the most advanced online security technology in north america.
To deposit money into your account using interac just follow these steps:
Log in to your PH casino CA account and click onto the cashier page.
Click “deposit” and select how much money you want to deposit, keeping the aforementioned limits in mind.
Click “continue to interac” to be directed to the secure instant banking page.
Confirm and complete the transaction.
WITHDRAWALS
interac e-transfer transaction limits are often dependant on a player’s bank and range from $25 to $25,000 when used on PH casino CA.
Feel free to contact our customer support team (scroll down to our “help and support” section below) for more information on this method and other payment methods.
SECURITY AND SAFETY
interac is considered to be one of the safest online payment method in canada. It uses established banking procedures that have been heavily tested and features some of the most advanced security in the world. The same processes that keep the canadian banking system afloat are used to facilitate the safe passage of money from your bank account to your PH casino CA account.
Although email address and text messages can be used to initiate the transfer of money and to confirm its receipt, money or sensitive data never actually travels through the phone or email and is always processed by advanced and secure banking systems.
Our recommended interac E-transfers casinos
Interac e-transfers is a payment method that is highly secure and allows you to transfer funds from your canadian bank account to a merchant or casino without revealing sensitive financial information.
Many canadians who shop online are already familiar with using interac, but some may not know that it can be used to fund gaming accounts as well as make other purchases over the internet.
Interac is becoming more popular as a deposit method all the time and many online gaming sites have added it to their cashier systems.
Interac offers a number of advantages to players. Check out our list of trusted casinos and the ins and outs of using interac below. Happy gambling!
Best interac casinos for 2020
Advantages of using interac
Popularity
interac is a well known online purchasing method for goods and services, so many canadians will take to the method easily when it comes to depositing in a casino account.
Withdrawals
one advantage of using interac is that it is tied directly to your bank or credit account so many casinos that accept it as a deposit method will also let you withdraw back to it. Rather than waiting up to seven working days for your winnings to appear on a credit or debit card, or paying fees for bank wires, your payout can go right to your account.
Anti-fraud
multiple layers of security ensure players that their bank account or credit card numbers don’t need to be given to any online casino. While you can send money to and from your bank and interac account, and transfer from casino to interac, it provides another level of security.
Disadvantages of using interac
Expiry
the recipient must complete actions to affect every transaction. If the casino somehow neglects to debit your interac account, yet credits your gaming account, the transaction’s life-cycle will expire in 30 days. If a player doesn’t notice that they played for free it may take awhile to sort it with the merchant.
Phishing
transaction notices are done via email. All electronic transactions are as vulnerable to phishing as the sender is. If a player doesn’t log into their account directly but responds to an email asking for passwords or other information, they could give bad actors access to their accounts.
Interac online vs interac e-transfer – what’s the difference?
At some casinos you may across the option to select etiher interac online or interac e-transfer but what’s the difference?
Interac e-transfer: commonly used to transfer funds to family/friends, this method enables you to make a deposit by entering an email address and is widely available at most financial institutions and credit unions.
When playing at an online casino, they will provide you with a specified email address and security question/answer which you then submit from your bank account.
Interac online: this option is more seamless in that the online casino provides a payment gateway for you to transfer funds directly from your bank account. It will step you through logging into your bank account directly and there is no need to input an email as with using interac e-transfer. While this process is slightly faster than using e-transfer, the downside is that it’s not as widely available.
For example, at casino cruise, interac online is only available to customers of the following financial institutions: first nations bank of canada, RBC royal bank and TD canada trust. It is also available to select credt unions depending on which province you are from.
How to make a deposit using interac at an online casino:
As mentioned earlier, there are two options when using interac, interac online and interac e-transfer. The difference is that interac online will allow you to transfer funds directly from your bank account using a payment gateway while interac e-transfer will require you to log into your bank account separately in order to perform the transfer via email. Interac online is a slightly faster process but isn’t as widely accepted as interac e-transfer as you’ll see later in this guide.
Interac online guide
Step 1 – selecting interac online
In the deposit section, first select interac online and choose / enter in the amount you want to deposit and follow the prompts.
In this example, we chose to deposit $30 which we confirmed on the following screen:
Step 2 – select your banking institution
Similarly to any regular interac online transaction you would perform on other e-commerce sites, here you will need to select your corresponding banking institution to transfer funds from. After selecting your bank, you will then be forwarded to the payment gateway which is handled by gigadat.
While it looks like you can select from a multitude of financial institutions/credit unions, you’ll see on the following screenshot that it’s actually not the case (only actually available to first nations bank of canada, RBC royal bank and TD canada trust. We’re not sure why online casinos do this but just take note that if your bank/credit union is not available then you’ll have to click on “cancel” and select interac e-transfer instead.
For this example, we’re going to select RBC royal bank.
You will be then transferred to your corresponding bank’s website to process the transaction:
Confirm the amount you want to deposit from your bank account:
You will then receive a receipt for the transaction:
Your casino account is then instantly funded! No fees were applied and we can see the full amount in our account:
Now let’s have a look at what it’s like using interac e-transfer instead.
Interac e-transfer guide
Step 1 – select interac e-transfer
Go to the deposit section and select interac e-transfer and input the amount you want to transfer:
Confirm the amount on the following screen:
Step 2 – select your banking institution
Select your corresponding financial institution/credit union to deposit funds from. You’ll notice that there are shortcuts at the top for the well-known banks but just below it, you’ll see a comprehensive list of financial institutions/credit unions you can choose from. Unlike interac online, all of these options are viable which is the main advantage interac e-transfer has over interac online
Step 3 – follow the deposit guidelines provided
After selecting your financial institution/credit union, you’ll be shown the following email address and security question/answer:
Fill out the above details in your corresponding bank and you’ll then notice that your account is now funded instantly!
Withdrawing funds
Withdrawing is as simple as going into the “my account” section and clicking on “withdraw”
Note: if it is your very first time withdrawing from the casino, sometimes they may ask you for proof of identity before processing the transaction. In this instance, casino cruise did ask us to verify 3 items which were:
– proof of identity
– proof of address
– proof of payment method
During this period, the withdrawal request is put on hold until those items are verified:
Once this process is complete, transactions to and from the casino are pretty much instant.
How the funds are processed
Merchants may have a choice of processors when executing an interac e-transfer. One company that handles the transactions is gigadat. The company provides online merchants with a variety of payment solutions.
Due to some players developing a case of buyer’s remorse after losing, or simply planning to defraud the merchant, online gambling is considered high risk in the payments business. Merchants and banks need an intermediary system that minimizes the risk of chargebacks.
Gigadat does just that through their interac processing service for pay-ins and payouts. Since players cannot reverse a transaction after it is deposited by the merchant, the rate of successful transactions is near 100%.
The services gigadat offers canadian online casinos include a deposit solution as well as bank withdrawals via email authentication and direct bank transfers.
These transactions should appear to the bank simply as “gigadat” and not show the source of the funds on the first pass. This allows cashouts to some banks that most often reject any suspected gambling transaction.
Bottom line on interac casinos
Interac e-transfers is a canada-only deposit and withdrawal method that is widely popular, being offered at over 250 financial institutions including any of the big 5 banks in canada.
The transfers will only show on your bank statement as interac, not casino deposits, and your security is always assured.
It is one of the fastest methods for deposits available.
Interac casino
As the online casino industry sees a steady annual growth, to say the least, it is only a matter of time before it overshadows the outdated physical casino industry with all of its associated costs of travel, drinks, meals, hotel stays, etc. However, in order to safely usher this bright future of convenient, affordable, and safe online gambling, robust solutions for electronic payments must be established first. If you are a citizen of canada, such a solution is already here – interac e-transfer – it covers all the bases when it comes to, convenience, and safety. All interac e-transfer casinos will be the easiest ones to promptly facilitate real gambling action!
The best casinos use interac e-transfer
Online casinos that accept interac e-transfer will have many benefits over those that did not implement this latest standard in online financial transactions. You can use your native canadian currency, instead of the effectively international dollar. After all, it is not very likely that you would receive your salary in USD if you live in canada, so why would you need to lose additional money by doing currency conversions? Furthermore, casinos with interac e-transfers will have very low flat fees, independent of your total deposit amounts. And finally, all transactions, for deposits and wins, are almost instantaneous. To top off these benefits you will also receive a welcome bonus on your first deposit, enabling you to play for longer!
Casinos where you’ll find interac e-transfer
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Advantages of interac e-transfer
In addition to aforementioned benefits of interac e-transfer, the setting up of your interac deposit in canada is exceedingly simple, without any intermediaries that might intercept your payments or give out your personal and bank account information. Furthermore, you can never go into the red, because all the transfers can be completed only if you have enough money available in your bank account. When it comes to casinos in the UK facilitated by interac e-transfer gambling, this is especially important as you will not be able to go into debt. This is an excellently integrated limiter to have as the last resort if you lose yourself in the adrenaline of gambling.
Disadvantages of the interac e-transfer
Unfortunately, if you are not a citizen of canada, you will not be able to enjoy the numerous benefits of interac e-transfer, as only the canadian citizens have access to canadian banks. Furthermore, you will not be in a position to transfer your deposits to a foreign bank account. Hopefully, entrepreneurs in other countries will recognize the interac e-transfer’s standardization of online casino transactions and offer a comparable service. Still, even despite this restriction, keep in mind that interac allows you to use your smartphone to deposit the funds, just like you would use it with your own canadian bank. Online casino paypal is one of the best alternatives for non-canada citizens that want to enjoy quick casino transfers.
Questions and answers with interac e-transfer
What exactly is the interac e-transfer?
Interac is an intermediary service between your bank and any online service that has implemented interac e-transfer, thus alleviating you of going through extra steps of depositing and validating your payments, in addition to offering very low, flat fees. This transaction can be completed as easily as using your email address or a mobile phone number. Furthermore, you can transfer received funds to other canadian bank accounts, which is ideal for online casino gambling.
Is it easy to sign up?
It is so easy that you don’t even have to technically sign up for interac e-transfer! What that means is that if an online casino already supports interac, your transfers will be automatically using it through your current bank account. All the major canadian banks support it: scotiabank, BMO bank of montreal, TD canada trust, envision financial, libro credit union, RBC royal bank, and windsor family credit union.
Can I easily use interac for casino withdrawals?
Definitely, if your bank is one of the supported ones, listed in the previous question. And interac service is fully integrated with these banks so you will not need any new passwords, logins, and extra steps. All you need is enough money in your bank account to make deposits for online gambling, without any other hassles. Your casino winnings will be as easily withdrawn as from any other service you are used to dealing with.
How fast are the transfers?
In most cases, they take less than 10 minutes, which generally means less than 1 minute, depending on the current traffic of the interac e-transfer casino, and if there are no major physical breakdowns in the internet infrastructure. The processing pipeline is as follows: after your request, you receive an email which prompts the security question, and after answering it, the transaction is completed.
Convenience of use without sacrificing security
As we see an exponential multiplication of online casino platforms, it is always prudent to use certain filters, so you don’t get swindled or your private information does not get compromised. This can be in the form of reviews or certificates, but most importantly, it can be through a service that is accepted and fully integrated will all the major banks, which have their own independent verification and security measures. Interac e-transfer gives you security with ease, as you were able to discern in this interac e-transfer casinos review.
So, let's see, what we have: find the best interac casinos & bonuses. Learn more about interact as a deposit and withdrawal method available to online gamblers located in canada. At interac e transfer casino
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