Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system, as the traditional credit card providers (Visa and MasterCard) rarely provide debit cards in Canada due to Canada’s level of development which is too high for both. There are over 59,000 automated teller machines that can be accessed through the Interac network in Canada, and over 450,000 merchant locations accepting Interac debit payments.
The network was launched in 1984 through the nonprofit Interac Association, a cooperative venture between five financial institutions: RBC, CIBC, Scotiabank, TD, and Desjardins; by 2010, there were over 80 member organizations. The group founded a for-profit counterpart organization, Acxsys, in 1996, which launched additional Interac-branded services including e-transfers. Following several aborted merger attempts which were either blocked by the Competition Bureau or by some of the co-owners between 2008 and 2013, Interac and Acxsys were combined into a single for-profit organization, Interac Corporation, on 1 February 2018. Interac’s head office is located at Royal Bank Plaza in Toronto.
Canadian Casinos That Accept Interac At Live Games
Interac payment method is used at live casinos exclusive for Canadian players to play live games. The safe and trusted online banking method allows users to make and secure payments directly from their bank account without any third party surveillance. Interac Online is linked to the user’s bank account and immediately authorizes transactions with online casinos, allowing for immediate access to the necessary funds. All sensitive information such as passwords, banking information and personal data is kept under the protection of both the bank and safety measures instilled by Interac Online.
The entire process is speedy and requires only a few simple steps that are guided by basic and easy to follow instructions.
The Live Casinos That Offer Interac Deposit Options
Following are best the live casinos that offer Interac deposit options to play live games
1. Play Now Casino
Play Now casino is the perfect casino with Interac deposit options owned and operated by BCLC. PlayNow.com is part of this same corporation which oversees BC Casinos and Lottery in your local retailers. PlayNow offers the best in online gambling entertainment for adults in BC. From exclusive slot games only found in your favorite BC Casinos to a full suite of Sports Betting, Lottery and Casino products available on mobile; PlayNow.com offers a customizable experience for every player type. If Texas Hold’em is your poker game of choice download their free software and get into game today. Play against players from across the country with big guaranteed jackpots in Bingo.
2. Play OLG Casino
Play OLG Casino offers Interac deposit options to play lottery as well as slots, table games and other casino games even with your cell phone with the casino app instantly.
3. Espace Jeux Casino
Espace Jeux casino is another Canadian online casino that offers lotto Quebec as well as slots, table games, sports betting, bingo and various other games to enjoy with real money with Interac deposit options.
4. Spin Casino
Spin Casino is best live casino for Canadians that offers lots of slots, table games, sports betting at Spin sports, and Vegas slots as well to play with real CAD and Interac deposit options.
5. Jackpot City
Jackpot City Casino like Spin Casino is also awesome live casino to play live dealer games of Blackjack, Roulette and Baccarat. Besides live casino games you can play slots, table games, scratchies and more.
6. Ruby Fortune
Ruby Fortune the purplish live casino is another Interac deposit options casino to fund your casino account with to play live dealer games. Slots, table games, scratchies, Keno and Bingo are other favourites among players here.
There are few other live and online casinos like Royal Vegas that specifically offer Interac deposit options for Cannucks to fund their casino account easily with this deposit method. It is always better to ask the customer support team via live chat about this deposit method and whether they offer this option or not.
Benefits Of Using Interac At Online Casinos
Rather than using sensitive information at online casinos, Interac Online users are able to transact between their casino account and their bank account without having to actually log into their banks accounts. This protects any sensitive information from third party activity and also leaves no paper trail from the bank account to the casino. This is all possible due to the process Interac Online facilitates upon sign up and completion of the account. Players are then able to transfer and move cash around using only their Interac account details, which have nothing to do with banking login details. The sign up process is fast and efficient, ensuring that users have immediate access to their funds in a safer environment.
How To Make A Deposit With Interac At Live Casino?
To make a deposit with Interac is simple process.
- First go to a reputable live casino where you wish to enjoy live games or other games either with your PC or cell phone.
- Now look for the banking menu and select the ‘Make Deposit’ option.
- If Interac is given as one of the deposit modes then choose Interac Online as your preferred payment option.
- An amount will be requested, this amount is deducted from your Interac Online account so you will need to ensure that there are sufficient funds in the account.
- Once the amount has been chosen to deposit into the casino account, you will proceed to the Interac Online account where you are required to enter specific details which will then conclude the online transaction.
- Funds should shortly reflect in your casino account.
How To Make A Withdrawal With Interac at Live Casino?
Unfortunately this service is not used as a means to withdraw cash from online or live casinos. Players can however use Interac E-Transfers to withdraw money from their casino wallets. You can see which withdrawal options are available by navigating to the ‘Banking’ tab and selecting ‘Withdrawal Options’ at the casino of your choice. This will deliver a list of available methods in which members can withdraw winnings.
How To Get Started With Interac?
If you are looking for an live casino accepting interact, you will be happy to know that just about every worthwhile Canadian live casinos uses this payment option. It is a convenient and easy choice and allows you to enjoy real time gambling action from the comfort of your home. Canadians love it because it’s almost free. There is a flat rate charge for every e-transfer whether you are sending $5 or $500. This means your online gambling transactions won’t have fluctuating costs and they happen in real time. The fee is usually about $1 or $1.50 but it can vary depending on your bank so this is worth checking.
In order to use this electronic payment method, you need to have an account with one of over 200 of the participating financial institutions including:
- Royal Bank of Canada
- TD Canada Trust
- Bank of Montreal
- Canadian Imperial Bank of Commerce
- Credit Union Central of Canada
Choose a bank from the list of participating financial institutions and then sign into your online banking portal. You are provided with a client card number that is requested which will then be entered along with the clients existing online banking password. This opens a new page where the user will select one of the linked accounts to be used as the payment account.
To know more about Interac visit the website here and know how you can start with this payment method and make its full use while playing real money slots at online casinos by depositing in real time with CAD.