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Interac in Canadian Casinos
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Considering this is one of the most popular payment solutions in Canada, Interac is used by Canadians on a daily basis, for all kinds of payments and purchases, including online casino deposits and withdrawals. Its popularity nationwide has helped the solution get listed as an accepted method across hundreds of Canadian casinos, to cater to players in the best way possible and offer them an exceptional online gambling time. The solution is incredibly easy and convenient to use and that’s why it is the top choice for many Canadians frequenting online casinos. In case you’re one and you wish to give it a go, stay with us to learn more about it. What is Interac and why consider using it as your payment method across Canadian casinos?
Online Gambling Regulation in Canada
Being a huge country, Canada is well-organized in ten provinces, each with its own right to introduce and enforce its own laws. But since there’s a federal government in the country, too, two types of laws apply for gambling, the provincial and the federal. Now, the federal law forbids online gambling and dubs it as an illegal activity. This hasn’t changed for years, and by the looks of it, won’t change in the near future. However, since provinces can introduce and implement their own laws, five out of the ten are offering a legal online gambling market, respectively.
In these five provinces, individual regulators monitor and control online gambling activities. In British Columbia, that’s the GPEB, in Alberta the AGLC, in Quebec the RACJ, in Ontario the AGCO, and in Manitoba the LGCA. The rest of the ten provinces sided with the federal government and made sure to keep online gambling activities off the market. But the five that made it legal, made sure to make their markets some of the safest for players and attractive for operators.
However, the country is also home to indigenous people, who live in separate territories to retain their traditions, called the First Nations Reserves. These Reserves, too, are allowed to have a say in whether they want to introduce online gambling across their territories or not. Many of them did, but many did not. Those that did, like Kahnawake, introduced their own online gambling regulatory bodies, like the Kahnawake Gaming Commission, to oversee the activities. And that is how plenty of operators managed to make a breakthrough in Canada, by partnering up with sites that hold a license to operate in the country.
This means that you, as a Canadian, are free to join any online casino that accepts Canadian players. Sites that do are either licensed by a Canadian regulator or in partnership with licensed sites. Nevertheless, you don't have to worry about your choices since you'll get hundreds of sites to explore and join, excellent sites that will provide you with the fun you were seeking.
These are sites that offer award-winning games in different categories, like bingo, table games, poker, Live Casino and of course, slots. The games themselves are delivered by giants in the industry, names like Barcrest, Playtech, Evolution and Pragmatic Play, among others. Meaning that you have at your disposal industry-leading gaming opportunities.
Now, out of these Canadian-friendly sites, you must search for those that give you the opportunity to use a local payment method, like Interac, to get an all-encompassing online gambling experience in your native currency. Interac is, in fact, one of the top choices to many Canadian online casino players, not only because it allows them to transact in Canadian dollars and avoid conversion fees, but also because it is incredibly easy to get started with and use. You might already be using it for your everyday purchases and payments because it is extremely popular among Canadian users, but even if you haven’t, you will soon learn everything about it, including how to get started with it and use it across Canadian online casinos, so keep up.
Using Interac Across Canadian Online Casinos
Interac is a name you will see listed on the accepted methods lists across all online casinos catering to Canadian players, literally. Its popularity in Canada is unrivaled, and consequently, so is its availability across Canadian casinos. This is a solution that was launched way back in 1984, by two non-profit organizations, Interac Association and Acxsys Corporation, with financial institutions, credit unions, banks, trust companies, merchants, and payment companies behind it. As such, it is one of the most inexpensive payment solutions that exist in Canada, one that more than 30 million Canadians are using on a regular basis.
New users continue choosing it over any other, thanks to the fact that with it, they can make AMBs, money transfers, shop online, make instant payments and point-of-sale terminal payments, as well as cash withdrawals. When it first launched over 30 years ago, it was a debit card payment network, but today, in addition to the Debit service, it offers users the Cash and Flash, the Interac eTransfer and the Interac Online options, among others. Across online casinos catering to Canadians, the last two are mostly used. That’s the reason why we’ll give you all the information you need on them, so that you consider using them yourself, as you’ll greatly benefit if you do.
These two are offered by more than 200 Canadian banks and allow users to make the most seamless transactions. The Interac Online option facilitates the transfer of money digitally, from one bank account to another via mobile or online banking, while the Transfer option allows for direct money transfers from one to another user of a Canadian bank account. So, basically, they are services offered by your bank, meaning that you won’t even need to create any new accounts to use them. As long as you have an active bank account, with any Canadian bank, you are equipped with that you need to start using either of them right away. In fact, stay with us, as in the next segment, we’ll give you the exact steps you need to take in order to request a deposit or a withdrawal with either across Canadian online casinos.
Casinos for Players from Canada that Offer Interac
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Depositing and Withdrawing with Interac
It is probably clear to you by now how accessible Interac is, considering its popularity with operators and players alike. But, to give you an even clearer picture, know that there are over 500 sites here at WoO that both accept it and cater to Canadian players. These are all sites reviewed by our expert team, so you can explore them and find one you’d like to join, like Casoo, Tusk Casino and BetSafe.
After you decide on the one to join, create an account with it, by providing some personal details. With that, you are ready to make your first deposit with Interac. Just follow this procedure:
- Log into your registered player profile and head over to the Banking page.
- Look for Interac’s logo in the Deposits section and press it.
- In the pop-up, use your online banking credentials to access your profile.
- Select Interac, enter the amount you wish to deposit, and confirm.
- Immediately, the funds will reach your online casino balance.
Mostly, a casino that offers Interac has integrated with it and you need no further confirmation, but in some cases, you might receive an SMS or email from the solution to verify and authenticate the transaction.
Now, for withdrawals, you should know that Canadians prefer using the Transfer option, since with it, the entire procedure is far easier. You'd need to repeat the steps we just described, selecting Interac’s logo in the Withdrawals section and setting out the amount you wish to cash out this time. The operator will receive your request and the minute it approves it, the funds will reach your bank account in a matter of minutes. That’s how efficient and convenient the solution is to use for withdrawals, so make sure you choose it over any other.
Conclusion
If you’re a Canadian player who wishes to use a local payment method at an online casino, look no further as Interac is definitely the ideal solution for you. Not only is it offered by basically all Canadian casinos, but it is also incredibly easy and convenient to use. You can both fund your casino balance and cash out your winnings with it, so you will have no obstacles to receive an all-encompassing, effortless, and fun online gambling time should you choose to use it.
FAQs
Is Canada a country with legal online gambling?
Yes and no. On a federal level, online gambling is not legal, but on a provincial, it is in five out of ten provinces. Since both federal and provincial laws apply, unless you’re from a province with legal online gambling, you cannot legally join online casinos.
Can I gamble online if I am not a citizen of a Canadian province with legal online gambling?
In theory, you shouldn’t, but in reality, many Canadians are joining online casinos despite the federal ban. Thanks to the legal loophole provided by the First Nations Reserves, millions of Canadians are frequenting online casinos, without ever getting prosecuted or fined for enjoying the activity.
Do any fees apply when depositing with Interac?
Yes, there's a fixed $1.50 fee that applies for each transaction you initiate with it. The fee is a symbolic one, to cover basic transfer costs, and that's thanks to the fact that the solution is launched by two non-profit organizations. On the off chance your bank is not a participating one that offers its service, you would need to pay a $4 fee, but this fee would still be an insignificant one compared to the benefit you get for using the solution, considering the fact that you'd still get to use its service even though you have an account with a non-participating bank.
Can I reverse a transaction I made with Interac?
Unfortunately, no. The solution does not allow reversals, even though it functions in close collaboration with Canadian banks. However, you may try to work it out with your bank directly, to see whether it is possible to reverse a transaction in any way.
Do any limits apply when using Interac across Canadian online casinos?
Interac itself won’t limit your transactions, but both your bank and your online casino might. Banks may do it depending on your employment and credit history, while online casinos usually do it out of regulatory reasons, as they must set limits as to how much a player can deposit and withdraw, in line with responsible gambling rules.