One of the biggest problems for anyone gambling in an online casino is how safe his money deposits really are. In Canada players have a major advantage compared to the rest of the world and that is called Interac which is arguably the safest online banking system globally. All the best slots sites in Canada accept Interac as one of their paying options and provide players with the ideal solution for anyone who is worried about safety and speed when making online transactions.
What is Interac?
Interac is an interbank network established in Canada, initially launched as a debit card system but has now become the number one online banking option. It’s perfect for online casinos and slot sites as your Interac account directly transfers funds from your bank account to the casino thus adding a level of security that banks cannot themselves guarantee.
Why use Interac on online casinos in Canada?
There are three basic pillars on which Interac has based its huge success: Security, Speed and Ease of use.
- Security – Interac is safer than a debit card because everything is double checked and unlike e-wallets your funds transfer directly from your account to the casino without a third party involved.
- Speed – Enjoy lag free instant deposits and start playing straight away.
- Ease-of-use – It is really easy to set up an Interac account, combine that with the fact that you can have all your accounts in one place and your day just becomes easier.
Why use Interac on slots sites instead of a credit card?
Interac is a safer and faster alternative to the traditional debit cards, while it also comes with a great benefit debit cards already had and that is the level of control it offers as anyone can sometimes get carried away when using a credit card but with Interac, you can only manage the money already in your bank account helping you keep your spendings under check.
How Interac online casino payments work
Interac deposits are treated just like any other deposit by Canadian online casinos, however, it is important to note that there are multiple types of interac payments.
- Interac Online – This is the most usual option for casino players in Canada, as it is faster and works at the same time as a debit card and as an e-wallet.
- Interac eTransfer – This is how Interac started in Canada. It is the most secure way to transfer money between two bank accounts.
Interac casino deposits come with certain limits but most Interac casinos have set the minimum deposit to CA$25 while withdrawing funds from Interac slots sites has a minimum of CA$50.
Do I get a first deposit bonus when paying with Interac?
When depositing money with Interac at a casino in Canada you are eligible for the welcome offer and any other bonuses, whether that’s doubling your account money or free spins or even tripling your deposit.
How to sign up to Interac and use it for slots
Signing up for an Interac account is very easy, all you need is a bank account with a participating banking institution in Canada.
Making Deposits on casino sites with Interac Online
Using Interac Online to top up your slots site balance is a very quick and easy feat:
- After creating an account on the slots site, press the “Make Deposit” button on the homepage.
- From the available options choose Interac Online and fill in the amount of money you want to transfer. Press OK.
- A new window will appear, where you will be asked to fill in your e-banking credentials. Press OK.
- The window will close and within a few seconds, the transfer will be concluded.
Making Deposits on slot sites with Interac eTransfers
It is equally as easy to make a deposit using Interac’s eTransfers service:
- Press the “Deposit” button on the slot site’s start page.
- From the available banking options check “transfer”.
- Press the “Interac eTransfers” option on the menu.
- Add a new payee with the details provided.
- Send the required amount to the payee ensuring you have the account ID in the message field.
- Return to the slots site and verify your deposit.
How to withdraw money via Interac Online
In case you want to withdraw your winnings and enjoy the money you have earned Interac Online is one of the most efficient ways to do it:
- Log into your account and head over to the cashier menu.
- Confirm you want to withdraw funds from your casino balance.
- Choose Interac Online as the withdrawal method.
- Fill in your banking details and enter the desired amount.
- The money will have been transferred within three days.