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Canadian casino players have a lot of options to deposit with. But if you look at the options that allow withdrawals, their number is fewer. And if you don’t want to use your bank card, there’s Interac which offers both deposits and cash-outs for Canadian online casino players. Learn more about casino sites that accept Interac.
Interac is an online banking option. It offers secure and fast payments for players and users who want to easily pay for goods and services on the internet. So let’s see all the reasons why Interac payment solution can be used for online gambling in Canada:
As for the disadvantages of using Interac for online gambling, we’d highlight withdrawals. There are a few problems that players can face. First, not all Canadian online casinos provide Interac withdrawals. This is why you need to double-check this issue before using Interac. Plus, withdrawals take longer than deposits due to certain processes between the merchant and the bank. Finally, you might experience fees when withdrawing money. However, it depends on the casino and its payment policy.
Interac can be used only in partnership with a bank. So you must have a bank account at the banking institution that is partnered with Interac. Fortunately, most Canadian banks are. Here’s which banks in Canada work with Interac:
If you don’t see your bank on the list, you can check if it works with Interac by contacting your bank's call center.
Deposits with Interac are straightforward and fast. It takes a couple of minutes and doesn’t take effort at all:
Many casinos offer to select Interac e-Transfer from the list of payment methods. If you choose the e-transfer method, the process is slightly different. First, you need to type in the deposit amount and then log in to your bank. On the screen, you must add a new recipient and fill out the form according to instructions.
You can use Interac e-Transfer to receive money from online casinos. The minimum amount to withdraw is CA$10. However, some online casinos in Canada can increase the minimum withdrawal limit to CA$20. When you send the request to the casino’s financial department, the operator will use your email to send your winnings. This is why you must be sure you’ve provided the correct email address. How to send a payout request:
Usually, withdrawals with Interac e-Transfer are super fast. But it depends on how quickly your bank works.
Mind that you won’t be able to withdraw casino winnings if you don’t verify your account. So before requesting a payout, you’ll be required to send your ID to the casino. Only after your casino account is verified, can you safely withdraw money.
Nearly all online casinos that accept Interac don’t charge players. However, it doesn’t mean that you shouldn’t check terms and conditions because some operators still apply fees to transactions, no matter which payment system is used.
Interac itself doesn’t impose fees on customers or merchants. All the fees that you have to pay while using Interac are imposed by other parties involved in the process, such as your banking institution.
If you appreciate fast, safe, and convenient payments, Interac is worth your attention. It’s a trusted company with years of reputation. It’s especially good for deposits, but if you want to cash out, you can use the same payment method, which is convenient. Because online casinos in Canada trust players who use the same option for deposits and cash-outs, they don’t delay withdrawals.
Moreover, the fact that your online casino is partnered with Interac proves that the casino platform is safe and reliable. If you have a bank account in Canada, it’s easy to use Interac since most Canadian banks work with the online banking solution. And even if your bank doesn’t support online gambling, Interac does, and it won’t block your transaction. This allows you to stay anonymous because Interac acts like a shield between the bank and the casino.
So if you’re looking for a method that will keep your banking data private, choose Interac.
Posted Thursday, January 25, 2024
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