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The establishment was made in 1984 by the major financial institution in Canada, they include CIBC, RBC, TDmand Desjardins, and the Scotiabank. As things stands, Interac is being given support by 80 members’ organization.

In Canada, provision has been made for more than 59,000 ATMs and you can make payment with them. Interac is a reputable payment provider in Canada, and it can be accessed in the merchant location which is up to 45,000. For players that reside in Canada, the best option they’ve got is Interac.

Just in case you are using Interac as a withdrawal method from your online casino, this is an indication that you can use it as an E-transfer service and the Interac online.

This method is an e-banking service that you can make use of to get your goods and services online. This payment service can be accepted by any casino that recognizes interact as a method of making payment.

Players are given the chance to withdraw and deposit their funds using this method so far their personal Interac banking account is put into use.

How to make deposit

The Interac is just a payment system, but then the limitation is placed on the amount by some of the financial institutions. Left to Interac, there is no limitation to the particular amount that you can deposit, but then it will be cool if you can contact the financial institution so that you can get the complete information.

To deposit the online casino, the amount being charges ranges from $1 – $1.5

  • Log in on your online casino and navigate to the cashier section
  • Select the Interac as a deposit method
  • After then you can get redirected from the online casino to the online banking page
  • Choose the account that you wish to transfer to
  • Chill till you get the money transferred to your account

How to make withdrawal

To withdraw your money using Interac shouldn’t be a problem, all that you need to do is to check the fees and limits stated by your bank.

Pros

  • The process is very easy, simple and fast
  • The customer support is available 24/7
  • The transaction is always made in an anonymous way
  • The deposit and withdrawal can be made using a mobile phone
  • It can be used to perform international interaction
  • Controllable as you can decide to stop the operation after you might have confirmed it.

Cons

  • The process of making transfer can take a longer time in some cases
  • The accessibility is limited

FAQs

Can players not in Canada play the game?

Of course, so far your bank is whitelisted as part of the Interac Member

Is there anonymity?

Of course there is, Interac does not send your bank the information when you make a deposit or withdraw from an online casino.

What are the Canadian Casinos that support this method?

Right from November 2007, some of the largest banks have recognized this method as a method of payment. The banks include RBC, Scotiabank, Canada Trust, and BMO.

Can the deposit and withdrawal be stopped?

Of course, all you need to do is just to answer STOP when Interac sends a message.

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