Interac Online Casinos

interac LogoInterac is the go-to payment method for Canadians when it comes to conducting financial transactions online. Its beginnings were modest, as 5 banking institutions were a part of this interbank network when it was launched in 1984. The entities in question were RBC, CIBC, Scotiabank, TD, and Desjardins. This selection would later expand, and nowadays, the number of entities tied to Interac is in the hundreds.

Over the years, Interac has proven to be reliable for Canadians, and those who wish to play games of chance on the web are no exception. A core aspect of online gambling is funding one’s account, as well as withdrawing accumulated winnings, and it is crucial for a banking solution to be fast and reliable in order to ensure the best possible gaming experience. Interac more than delivers in this regard. Moreover, the vast majority of online casinos which target Canadian users accept this payment method, making Interac one of the most accessible banking solutions for Canadian gambling aficionados.

Apart from the staggering number of institutions Interac partners with, the network also boasts an impressive product line. At the time of writing, Interac clients can utilize Interac Debit, Interac Flash, Interac Cash, Interac e-Transfer, and Interac Online.

Top 15 Online Casino Sites Accepting Interac

  1. Yukon Gold Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission (038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4000 per week
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • 24/7 customer support
    • Excellent catalog of casino games
    • Live games
    • The website is compatible with smartphones
    • Registering is quick and easy
    • SSL encryption

    Yukon Gold is a Malta-based gaming website that has seen a lot of popularity among Canadian players and international lovers of games of chance alike. It was launched in 2004, and it is one of the older casinos you can find on the web.

    Microgaming has a prominent presence within Yukon Gold’s catalog of games, which means that Yukon Gold is working with one of the very best game developers in the online gambling sphere. As for the types of games users can try out, Yukon Gold offers numerous slot titles, as well as online roulette, blackjack, baccarat, sic bo, and video poker games. Naturally, titles featuring progressive jackpots like Mega Moolah, Treasure Nile, and Cash Splash, among others, are also available.

    If you yearn for the atmosphere of a brick-and-mortar casino, but wish to continue playing in the comfort of your own home, you can try out Yukon Gold’s live dealer offers.

    The gaming experience at Yukon Gold tends to be quite smooth, but users can rest assured that if an issue does arise at some point, the casino is ready to help. Customer support is available around the clock, seven days a week, and the support team can be contacted via email or live chat.

  2. Grand Mondial Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission ( 038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4000 per week
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • Licensed by reputable regulatory bodies
    • Users can contact support any day of the week
    • Clean user interface
    • The website can be used on Android and iOS devices
    • A plethora of casino games
    • The casino accepts a variety of currencies, including CAD

    Grand Mondial greets its clients with a classy interface that is not just pleasant to look at but very easy to use as well. Players can browse the casino’s catalog via the available search bar or by utilizing the categories on Grand Mondial’s website. If you are a fan of slots, Grand Mondial offers hundreds of games to pick from, a portion of which are themed after popular franchises like Jurassic Park. Playing live table games is an option as well, and this includes variations of blackjack, roulette, and baccarat, among others.

    Although the modern-day casino player is well-accustomed to playing on computers, many individuals have replaced their laptops and computers with smartphones, as they are far more portable. Moreover, even those who do still own a PC prefer to gamble on their phone instead due to how convenient it is to be able to play during one’s lunch break. Therefore, a casino needs to be compatible with mobile devices, and those eager to try Grand Mondial will be happy to learn that the casino is, indeed, available on smartphones. The website is optimized for both computer screens and the displays of smartphones, and the interface on mobile is snappy and convenient.

  3. 888casino

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    Regulators
    Alcohol and Gaming Commission of Ontario
    Min Deposit
    $10
    Max Withdrawal
    $30,000 per month
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    2-4 days
    • Excellent mobile compatibility
    • The casino has acquired a license from the Alcohol and Gaming Commission of Ontario
    • Live casino
    • Responsible gambling tools such deposit limits, loss limits, self-exclusion, and others
    • Well-organized help section
    • Registering is a streamlined process

    Licensed by the Alcohol and Gaming Commission in Canada, the Gambling Commission in Britain, and the Malta Gaming Authority elsewhere, 888casino is one of the most popular and trusted online casinos globally.

    It boasts an excellent variety of titles by major developers such as Playtech, NetEnt, and Play’n GO. It should also be noted that players who are fans of a wide array of casino game types will enjoy themselves at 888casino, seeing as it has a lot to offer in terms of variety. Iconic titles such as NetEnt’s Starburst, as well as classics like Book of Dead by Play’n GO, are among the games you can enjoy if you make 888casino your casino of choice. Apart from slots, players can also try table games such as poker, roulette, blackjack, and baccarat on the Live Casino page. In addition, players can also consider trying the game shows at 888casino.

    This casino is known for offering an impressive selection of games, as well as a sufficient variety of payment methods, but these are not 888casino’s only advantages. The casino also does exceptionally well when it comes to security. At 888casino, user data is encrypted via an SSL protocol, and users have the ability to set up two-factor authentication.

  4. Golden Tiger Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission (038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4000 per week
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • Kahnawake Gaming Commission license
    • 24/7 customer support
    • Available on smartphone devices
    • A great number of slot games
    • SSL encryption
    • Registering is simple and easy

    At Golden Tiger Casino, players have the freedom to choose between various web-based casino games. As is to be expected due to the sheer popularity of this game type, the majority of titles within Golden Tiger Casino’s library of games are slots. Options such as blackjack and baccarat are available too, as are video poker titles.

    If you decide to go with Golden Tiger Casino when you wish to play games of chance on the web, you will find that creating an account does not take long at all. Moreover, the casino is available in a plethora of languages, and crucially, this includes English and French.

    Golden Tiger is a casino which looks out for its clients, and it has earned licenses from entities such as the Kahnawake Gaming Commission, the Malta Gaming Authority, and the UK Gambling Commission. Due to all of this, the casino offers excellent responsible gambling tools, which can be of great assistance to players who wish to have strict control over their gaming habits. The first tool involves setting up deposit limits. The limits in question can be daily, weekly, or monthly. In addition, players can also take advantage of a temporary break period, which can last up to 6 weeks if deemed necessary. Finally, self-exclusion is also available.

  5. Luxury Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission (038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4000 per week
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • Clean interface
    • Live Chat customer support
    • Licensed by reputable regulatory bodies
    • Low minimum deposit requirement
    • Responsible gambling tools
    • The casino is available in French and English

    The ability to play on the go is practically a necessity for most gambling aficionados nowadays, and Luxury Casino is well aware of this. The casino can be used on smartphones, and it has the advantage of not requiring you to download a dedicated app just for the casino. Instead, you simply need a smartphone browser, and you also have to be connected to the internet. That is it, and indeed, it truly is as simple as it sounds. Once you open the website on mobile, you will find that you will have no trouble adjusting to the casino’s convenient mobile layout.

    Finding your favorite games is a breeze at Luxury casino, thanks to its categories and the search bar. When it comes to the titles themselves, lovers of slots will find that there are lots of options to choose from, while those who prefer table games are accounted for as well.

    Managing your casino funds is not difficult at Luxury Casino. The website gives you lots of options when it comes to payment methods, which include, but are not limited to Visa, Paysafecard, and, of course, Interac. Furthermore, Interac, in particular, can be utilized for both deposits and withdrawals.

  6. Casumo Casino

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    Regulators
    • UKGC (039265-R-319417-019)
    • Gibraltar Gambling Commissioner (126, 127)
    • MGA (MGA/CRP/217/2012)
    • Irish Revenue Commissioners (1015523)
    Min Deposit
    $10
    Max Withdrawal
    $50,000 monthly limit
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Up to 5 days
    • Compatible with smartphones
    • There is a live casino section
    • 24/7 customer support
    • Regulated by trusted regulatory entities
    • Good selection of slot games
    • There is a sports betting section

    Casumo is a casino with a decade’s worth of experience in the online gambling market, seeing as it was launched in 2012. The website boasts a minimalist but recognizable design language, and navigating through Casumo’s menus is an absolute breeze. This is a crucial aspect of the user experience, seeing as the casino offers an array of games to its clients.

    Software providers such as Play’n GO, Playtech, Microgaming, and Yggdrasil are among the legendary developers whose games you can find at Casumo. In addition, beloved games like Book of Dead, Fishin’ Frenzy Megaways, Big Bass Bonanza, and Starburst showcase just how great of a catalog the casino has to offer. Apart from slots, live games are available for those who are fond of poker, roulette, and other table games, and most of the titles in question are provided by Evolution Gaming and Playtech. Additionally, players who value variety will find that Casumo is not just a casino but a reputable sportsbook as well.

    At Casumo, fans of online gaming can rest assured that their gaming experience will be safe, seeing as the website offers secure payment methods, and SSL encryption is what protects client information. Moreover, if something were to ever go wrong while you play at Casumo, you can get in touch with the casino’s customer support team whenever you wish.

  7. SIA Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Alcohol and Gaming Commission of Ontario
    Min Deposit
    $20
    Max Withdrawal
    $9,999
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    2-5 days
    • Players can choose between English and French when it comes to the language
    • Withdrawal does not take too long
    • Live casino games
    • SSL encryption
    • SIA Casino’s help section is simple to navigate
    • The graphic design of the user interface is appealing

    SIA is a big name among Canada’s sports betting circles, but the website has a lot to offer to individuals who love games of chance as well. The choice of games is more than sufficient, and if you prefer live casino games, you can try out SIA Casino’s live blackjack and roulette options. As for individuals who are fond of slots, Buffalo Blitz II, Tundra Wolf, and Gladiator are but a few of the titles available on the SIA Casino website.

    The user experience at SIA Casino is excellent, all in all. It does not take too long for players to create an account, and the verification process is also fairly quick. In addition, depositing is an easy task thanks to the excellent payment methods on offer, of which Interac will be the most convenient for the majority of Canadian players.

    Another excellent aspect of SIA Casino is its responsible gambling tools. They are a simple but effective way of ensuring that games of chance lovers can play safely. The first such feature is deposit limitation, and the limits can be enabled for up to one month. Time out periods are a viable option as well, which will prevent the player in question from depositing and gaming for a temporary amount of time.

  8. Zodiac Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission (038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4,000 per week
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • SSL encryption
    • Dozens of slot games
    • Users can pick between live chat and email when they wish to contact support
    • The casino accepts CAD
    • Regulated by the Kahnawake Gaming Commission, the UKGC, and the MGA
    • Users can easily access their gaming history

    There is a lot to like about Zodiac Casino, but its library of games is, by far, the website’s best characteristic. There is something for all types of players, from ones who cannot get enough of slot games to individuals who like blackjack, roulette, and the like. In addition, clients can go for live games that mimic the experience of going to a brick-and-mortar casino.

    It is also important to note that the games in question are not exclusive to individuals who play on their personal computers. On the contrary, all types of games at Zodiac Casino are available on both desktop computers and mobile devices.

    Nowadays, customer support is something that can really break or make a casino. After all, any potential issues that can arise while gaming on the web can be quite stressful, so being able to receive top-notch assistance quickly is integral to a player’s enjoyment. At Zodiac Casino, gambling aficionados can trust that Zodiac Casino will have their back if they run into issues. The casino’s support team is available around the clock, and one can choose between live chat or email in order to get in touch with a customer service representative. Between the two, live chat is the quicker option.

  9. Royal Panda Casino

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    Regulators
    • MGA (MGA/CRP/237/2013)
    • Alcohol and Gaming Commission of Ontario (OPIG1233814)
    Min Deposit
    $25
    Max Withdrawal
    $9,999 daily
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Up to 5 days
    • Live casino games
    • Licensed by the MGA and the Alcohol and Gaming Commission of Ontario
    • There is a sports betting section
    • Royal Panda offers games by developers such as Microgaming, NetEnt, and Pragmatic Play, among others
    • Great responsible gambling tools
    • The verification process is streamlined

    Few casinos manage to make themselves as memorable as Royal Panda. This can be attributed to several factors, the first of which is the casino’s fun mascot, which contrasts with the website’s sleek graphic design. In addition, something unique about Royal Panda is how, in addition to offering live casino games courtesy of Evolution Gaming, the casino also has exclusive live table games such as Royal Panda Blackjack and Royal Panda Roulette. As for the types of live casino options available at Royal Panda, blackjack, roulette, baccarat, sic bo, craps, and game shows are what players can find.

    The casino does not restrict itself to just live table games. On the contrary, its collection of slots and virtual titles, in general, is nothing short of impressive. The games Book of Dead, Legacy of Egypt, Sweet Bonanza, Gates of Olympus, and Big Bass Bonanza can give you a taste of what the casino has to offer.

    Royal Panda boasts a staggering variety of deposit methods, and these payment solutions include banking solutions like Visa and Mastercard, Neosurf, and MuchBetter. In addition, Interac is among these deposit solutions, and Interac can also be utilized by players whenever they wish to withdraw their funds from their accounts.

  10. Bet365 Casino

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    Regulators
    • UKGC (055149-R-331499-002)
    • Gibraltar Gambling Commission (76, 78, 129, 130)
    • Alcohol and Gaming Commission of Ontario
    Min Deposit
    $10
    Max Withdrawal
    $10,000
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Within 24 hours
    • The deposit minimum is fairly small
    • Withdrawals do not take long
    • Bet365 is regulated by the Alcohol and Gaming Commission of Ontario
    • Dedicated smartphone app
    • The sports betting section is excellent
    • Players can set up deposit limits and reality checks

    To say that Bet365 is popular would be an understatement. Bet365 is one of the largest gambling enterprises in the United Kingdom, and it has also seen incredible success overseas. Naturally, Bet365 found an audience in Canada too, and it is now licensed by the Alcohol and Gaming Commission of Ontario. This, along with the fact that the casino is also regulated by the UKGC and the Gibraltar Gambling Commission, means that Bet365 is a reputable casino that players tend to trust. Moreover, Bet365’s customer support is reliable, and we have found that seeking assistance via live chat or email will result in any potential problem being resolved swiftly.

    Although Bet365’s fame is mostly tied to its status as a bookmaker, the website’s casino section is more than sufficient. The first casino category focuses on virtual games, and there are many options to pick from when it comes to slots and table titles. As for the live casino section, games are hosted 24/7, and players can try roulette and blackjack games.

    Players on the go will also be able to enjoy what Bet365 has to offer. The casino has an official application, and it can be downloaded either from Google Play or the App Store. In other words, the app is available to users with Android and iOS devices.

  11. Captain Cooks Casino

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission (038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4,000
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • The casino allows its users to pick between English, French, and German when it comes to languages
    • Captain Cooks Casino has earned a license from the Kahnawake Gaming Commission
    • Live casino games
    • Easy to navigate layout
    • Responsible gambling tools
    • Customer support is available around the clock

    A staggering number of games await any individual who decides to start playing at Captain Cooks Casino. The website offers hundreds of titles when it comes to slots alone, and some of them are officially licensed slots featuring franchises such as Tomb Raider and Game of Thrones. Lovers of table games and video poker also have a variety of titles to pick from. This includes games such as Atlantic City Blackjack, Baccarat, American Roulette, Aces and Faces, and multiple live games hosted by croupiers.

    Apart from making sure that its clients are entertained, Captain Cooks Casino is also concerned with their safety, which is why there are several responsible gambling tools available. Players should keep in mind that they can choose to set up deposit limits, and the available options are daily, weekly, and monthly deposit limits. It should also be noted that the option to enable a short-term cooling-off period is available, and the same can be sound for long-term exclusion.

    Most players would rather they never need to contact customer support when they play games of chance online. Nonetheless, it is important to know that you will be able to find help if it does become necessary. At Captain Cooks Casino, you can send an email to the casino’s customer service team, and using live chat to contact customer support is also an option.

  12. Casino Classic

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    Regulators
    • Kahnawake Gaming Commission
    • Malta Gaming Authority (MGA/B2C/164/2008)
    • UK Gambling Commission (038620-R-319310-010)
    Min Deposit
    $10
    Max Withdrawal
    $4,000
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • 24/7 customer support
    • Varied catalog of games
    • The website is available in numerous languages, including English and French
    • There is a sufficient number of deposit of banking solutions to pick from, and this includes Interac
    • Clean layout
    • Live casino

    Although remote gaming’s roots are tied to personal computers, today’s players tend to use their smartphones in order to play games of chance. The convenience of a mobile device is unparalleled, especially for those who do not have a lot of time to play games of chance, which is why Casino Classic is an excellent casino for to-be-gambling aficionados. Its website works on smartphones, and it scales well on both desktop and mobile browsers, so there is no need to download an entirely new app if you wish to try this casino.

    We also wish to point out that Casino Classic boasts a great catalog of games. The most prominent category on the website’s games page is the one dedicated to slots, but it is far from the only one. Baccarat, roulette, and blackjack are a few of the variations one can opt for when they wish to play table games, and players also have the option to play live casino games. In addition, the casino has not neglected to cover some titles, which give players the opportunity to win massive jackpots. The games in question include games such as Mega Moolah and Atlantean Treasure Mega Moolah.

    Thanks to Casino Classic’s layout, finding the games mentioned above is no hard task. The website has separated its library into categories, and you can also use the search bar if you are looking for a particular game.

  13. Betway Casino

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    Regulators
    • UKGC (000-039372-R-319367)
    • MGA (MGA/B2C/130/2006)
    • Alcohol and Gaming Commission of Ontario
    Min Deposit
    $20
    Max Withdrawal
    N/A
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Several days
    • Betway is licensed by the UKGC, the MGA, and the Alcohol and Gaming Commission of Ontario
    • The casino accepts CAD
    • English and French are among the available language options
    • Modern appearance
    • Downloadable apps for iOS and Android smartphones
    • Extensive help page

    Betway is a casino of British origin, and punters might already be aware of this website, as it is a very influential online sportsbook, both in its native region and abroad. Sports betting is not all Betway has to offer, however, as you will also find virtual and live casino games on the website and app. Betway is, therefore, perfect for casino players who like to dabble in sports betting from time to time. Since Betway is available in Canada, players from this region can find French and English within the language options menu.

    Slot games are abundant at Betway, and table game lovers will find that a variety of blackjack games are available, and the same can be said about roulette. In addition, live roulette is another option for gambling aficionados.

    As implied above, Betway has a mobile application for players who have a tendency to play while they are out and about. Players who use an Android phone can download the said application directly from Betway’s website, while iOS users can get Betway’s casino apps from the App Store. There are several casino apps on iOS, the first of which is Betway: Live Casino & Roulette. Betway Real Money Casino Games and Betway Vegas: Real Money Slots are the options for players with a fondness for slots or virtual table games.

  14. Mr Green Casino

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    Regulators
    MGA (MGA/CRP/121/2006)
    Min Deposit
    $5
    Max Withdrawal
    $999,999
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    3-5 business days after the withdrawal has been processed
    • Elegant website layout
    • Players can also wager on sports at Mr Green
    • SSL encryption
    • The casino offers a good selection of games
    • The verification process is quick
    • Good number of casino games

    Staples of the slots genre like Book of Dead, Big Bass Bonanza, and Gates of Olympus are just a few of the games one can find at Mr Green Casino. Jackpot titles such as Mega Moolah and Empire Fortune are available too.

    Apart from slots, there is also a table games category that features titles such as Baccarat Punto Banco, European Roulette, American Roulette Gold Series, and many more. If you are fond of land-based casinos but cannot visit one, live casino games, courtesy of Pragmatic Play and Evolution Gaming, are also available at Mr Green.

    The choice of games at Mr Green is evidently abundant, and if you are worried that this could result in too much time spent playing, the casino has provided you with features that will assist you in gaming responsibly. This first such tool is called Activity Check, and as implied, it lets you set a reminder that will alert you when you have played for a certain amount of time. The range is between 5 and 120 minutes, depending on your preferences. You can also set up a daily, weekly, or monthly loss limit, which will protect your funds after you have lost a specific amount of money. Deposit limits are also an option. Last but not least, the Take a Break and Self Exclusion options are also available.

  15. LeoVegas Casino

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    Regulators
    Alcohol and Gaming Commission of Ontario(OPIG1233813)
    Min Deposit
    $10
    Max Withdrawal
    $4,000
    Deposit Methods
    Withdrawal Methods
    Withdrawal Time
    Up to 5 days
    • Compatible with smartphones
    • The customer support team is fast and helpful
    • Useful responsible gambling tools
    • Creating an account is straightforward
    • The casino has a sportsbook section
    • SSL encryption

    Individuals who like to play games of chance and are particularly fond of slots will be in for a treat if they decide to try LeoVegas out. The casino offers nearly 500 slots, making for an abundant collection of fun and potentially lucrative titles. Although the choice of table games is not quite as abundant, there is still plenty to choose from for players who prefer these types of games. Baccarat, roulette, blackjack, and poker are some of the options that can be played live.

    Gaming on the go is now easier than ever if you play at LeoVegas. The casino has a dedicated application for smartphones that run the Android operating system, as well as an app for players who have an iPhone. The app in question can be found in Google Play and the App Store, respectively. In addition, if you are not keen on the idea of downloading an app, you can simply use LeoVegas’ website on your mobile browser.

    If the casino being this accessible might prove to be too tempting, LeoVegas features a variety of tools that help players when they wish to have some more concrete limits. In terms of literal limitations, players can restrict the length of time they play for. When you enable the session limit feature, you will be automatically logged out. If this seems a bit excessive, it is also possible to enable an alert instead. As for strict tools, deposit, wagering, and loss limits are options too.

How interac Functions?

How interac WorkOne of the prime goals of the creators of Interac was to create a payment that is, above all else, convenient and secure. Suffice to say, this goal has been achieved, and Interac is Canada’s main payment service.

Essentially, Interac partners with Canadian banks, which then offer Interac’s services to their customers. If you are uncertain whether your bank is among the entities which offer Interac, you can check the list of eligible banking institutions on Interac’s official website.

We should also emphasize that in addition to being fast and useful, Interac’s tools are also incredibly secure, thanks to the utilization of features such as encryption technology and secure passwords by the banking institutions that offer Interac services. The secure product lineup currently includes Interac e-Transfer, Interac Online, Interac Debit, Interac Debit ABM withdrawals, and Interac Debit Contactless Payments.

As for its availability, if you have a bank account at a Canadian bank, there is a very big chance that you will be able to utilize Interac when it comes to online gaming. Firstly, at the time of writing, there are hundreds of banks that offer Interac services to their users, so you most likely already have access to what Interac has to offer. Moreover, casinos that cater to a Canadian audience typically accept Interac deposits and withdrawals.

Video Explaining How to use Interac

Interac e-Transfer

Interac e-TransferInterac e-Transfer is a near-instant payment service that sees a lot of use in Canada. Essentially, it allows you to transfer money to other individuals or entities by simply using their email or phone number. You can also receive money this way.

The process itself is quite simple. First, you need to pay a visit to your banking institution’s website, and log in to your account. Next, you must navigate to the website’s Interac e-Transfer page and input the email or phone number of the recipient. The step that follows involves setting up a security question for the recipient to answer, and once you are done, the person or entity that is to receive the money will be notified via email or text.

If you happen to be the recipient, you first need to read the notification which was sent to you regarding the pending transaction. The email or text will include a link that you will need to click. Once you have done this, you will be taken to an online banking page where you will be presented with the option to accept or decline the transaction. If you accept, you will be prompted to answer the security question with the answer you have been provided with from the sender. When you have received the funds and have deposited them into your account, you are done.

Users should note that the individuals or entities involved do not need to have bank accounts at the same bank. So long as your banking institution offers Interac e-Transfer, and the same can be said about the bank of the other party, then you can exchange funds via this transfer service.

Interac Online

Interac OnlineAs suggested by its name, Interac Online is a service that allows you to make online payments. The most important aspect of Interac Online is that it allows for making private online payments. In other words, you will not need to share your card information with the online merchant. This is all thanks to the process in and of itself.

To utilize Interac Online, a customer must select this service as a payment method when they are shopping on the web, after which they will be redirected to a page with the participating banks. The individual then has to choose their financial institution, sign in, and follow the steps as instructed. As you can see, everything involving your card and information, in general, is done through your bank, which is what makes this method perfect for privacy-conscious individuals.

Interac Debit

Interac DebitInterac Debit has proven to be one of Interac’s most beloved and useful products. By utilizing Interac Debit, clients can shop quickly and easily on the web. This simple and easy payment solution involves paying via your bank’s online banking system, which ensures secure transactions. To use Interac Debit, you simply need to choose this option when you are about to buy something on the web. Then, you will be taken to your financial institution’s online banking page, where you will need to input your login information and follow the bank’s instructions. When you are done, you will be redirected to the items you were about to purchase, and you can finish the transaction.

Another excellent aspect of Interac’s Debit service is the fact that you can connect the debit card in question to your digital wallet of choice. This feature is dubbed Interac e-Commerce. If you are an iPhone user, the process of enabling this feature simply involves opening your Apple wallet and adding your debit card. From then on, you can use Apple Pay to utilize your Interac Debit as a payment method when you need to make a purchase. The process is practically the same if you have an Android smartphone, as, again, all you have to do is connect your Interac Debit to Google Pay and then pick this service whenever you are about to buy something on the web.

Interac Cash

Interac CashInterac Debit users should be aware that they can withdraw money from their debit card at ABM’s all across the country and even abroad. If you have used an ABM before, then you will find that withdrawing your money with an Interac Debit card is a familiar process. In other words, you just have to insert the card, specify how much money you wish to withdraw, pick Interac Debit, enter your pin, and confirm.

Interac Flash

Interac FlashDepending on your financial institution, this feature can be referred to as Interac Flash, Interac Debit Tap Payment, Interac Debit Contactless Payments, or it can simply be listed as a feature of Interac Debit. In either case, you will find that paying merchants via this method is incredibly quick. All you need to do is take out your card, tap it on the POS terminal, and you will know that the transaction is complete once you hear a beep.

Apart from using your debit card directly, you can also connect it to your mobile wallet. Whether you use Google Pay, Apple Pay, or Samsung Pay, the actions you need to take are practically the same. You have to simply add your card to your respective digital wallet. Afterward, tap your phone or smartwatch on the terminal, and you have paid for your purchases successfully.

Opening an Account

Opening an AccountAs established, Interac is an interbank network, and the majority of reputable banking institutions in Canada are part of the said network. This makes things even easier for to-be Interac users, seeing as they do not need to create a separate Interac account in order to use its services. Instead, they simply need to have a bank account with a financial institution that offers Interac. So long as the users in question meet this requirement, they have the option to take advantage of Interac’s various products.

Depositing to your Balance

Interac DepositThe act of funding your account is an easy process that will, typically, not take long if you have confirmed that Interac is accepted by your chosen casino. The first step involves logging in to your casino account, and finding the deposit page. Usually, the deposit button will be available on the casino’s homepage, or you will see the option to fund your account on the banking or cashier page.

Whatever the case, you will need to select Interac from the list of available options. Then, specify how much money you plan to deposit, and tap on the deposit button. With that done, you will be redirected to the Interac Online webpage, and you will be presented with the available banks you can pick from. You can then locate your banking institution or credit union from the given list or by using the search bar. Finally, follow the steps specified by your bank, and the transfer will be done in no time.

Keep in mind that if you decide to use Interac e-Transfer for this purpose, you will use the casino’s email address, which will be specified on the e-Transfer page. Interac transactions will also involve a security question and answer. Therefore, when you make deposits, you must follow the casino’s specific instructions regarding how you can send the answer. If you fail to locate such information, you can get in touch with the casino’s customer support team.

Withdrawing from your Balance

Interac WithdrawSimilar to deposit, withdrawals done via Interac are not a hassle and, depending on the casino, you might even receive your money pretty quickly. The only issue you might come across is Interac potentially not being available for withdrawals, as not all Canada-friendly casinos accept Interac withdrawals. Nonetheless, the number of gambling websites that do include Interac in their list of withdrawal methods is on the rise, so if you play at a reputable casino, you will likely be able to take advantage of Interac withdrawals.

Before we continue with withdrawals, however, we should note that if a player has yet to verify their account, requesting a withdrawal will prompt them to begin the verification process. As verification can take some time, it is usually better to request account verification and send the required documents before you decide to withdraw your winnings. Other preliminary steps involve checking the specific casino’s withdrawal limits, and making sure that you have met the rollover requirements of any casino bonus you have accepted.

As for the withdrawal process itself, the first step involves finding the withdrawal page after you have logged in to your casino account. Then, pick Interac from the available options, and specify the amount of money you wish to withdraw. So far, all of this is very similar to what you had to do to deposit money, and this familiarity will make the process even easier. When you click the withdraw button, you will need to provide your personal information. You will then have to go to your online banking website, sign in, and accept the pending transfer.

Costs and Fees

interac Costs and FeesOne of the best aspects of this payment solution is the fact that it is not an independent payment solution, as opposed to certain other services and digital wallets. Instead, Interac is offered by Canadian banks, and is accessible to pretty much all Canadian casino players so long as they have a bank account at a financial institution which is part of Interac’s network. This, in turn, means that any of the fees associated with other payment services will not be of a concern to Interac users. First and foremost, you will not have to pay for topping up a separate account since Interac is, technically, already tied to your bank account and thus has direct access to the money you keep in the said account. Interac users will also not need to pay maintenance fees or account fees for a separate service, nor will they be charged for not using Interac in order to conduct transactions.

As for potential fees you could incur at casinos, generally, online gambling websites will seldom charge their clients with anything for funding their account via Interac, or withdrawing from their casino account balance by using this method. Casinos will typically keep transactions of all kinds free for players, at least on their end. This, however, does not mean that using Interac in and of itself can always be done without any fees involved.

For starters, we should reiterate that Interac is a service which is offered by your banking institution as opposed to it being a service from a separate independent entity. This means that your bank can and will attach fees to certain actions you partake whenever you utilize Interac. Transfers, for instance, will often be taxed depending on the amount of money you send or receive. At most banks, the cost is determined by the amount of money involved in the transfer, for instance $0.50 per transfer if the funds do not exceed $100, and $1,00 per transfer if the amount of money sent is over $100. In addition, canceling transactions, when possible, might also cost you depending on when the cancelation takes place. Online payments via Interac are another instance which can cost users money depending on their bank.

As for using other Interac products, when it comes to payment via Google Pay or Apple Pay, Interac does not attach any fees to such transactions, although some costs could be incurred depending on the merchant. In addition, Interac ABM withdrawals are accompanied by surcharge fees, which may also be listed as convenience fees.

Finally, we wish to focus on the fees issued to financial institutions and ABM acquierers who are part of the Interac networks, the first of which is the switch fee which needs to be paid whenever an Interac Cash transaction is done. Switch fees for Interac Debit ABM Withdrawals are $0.011624, while debit payments have a $0.009450 fee attached. Additionally, a switch fee of $0.025 is attached to Google Pay and Apple Pay payments.

Then there are interchange fees, which is what banks pay to ABM acquirers, which again is paid per transaction. The flat-fee is $0.75 for each cash withdrawal, while a $0.02 – $0.035 flat-fee is attached to contactless payments. Finally, the Google Pay and Apple Pay interchange fee is $1.80 when the transaction value exceeds $300.

Security and Privacy

Interac SecurityPrivacy is a major concern for many individuals who browse the internet nowadays, and the same can be set about security. For casino players, these two aspects of using online websites and services are all the more important. Thankfully, Interac is an excellent payment solution if you are looking for a safe banking method.

On the topic of privacy, going with Interac as your go-to deposit and withdrawal method means that you will never need to share your debit card credentials with the casinos you visit. This is also one of the aspects that make Interac very secure.

As for the security of Interac transfers themselves, you can be certain that the latest and greatest of safety tools are employed to keep your data safe. After all, Interac is essentially a part of your bank account, so the security measures employed by your financial institution apply to Interac transfers. The features in question include SSL encryption, which renders the data of Interac users useless to anyone who got their hands on the information illegally. Moreover, most banks either make two-factor authentication available or even require that their clients enable it.

Two-factor authentication, or 2FA as it is known by many gambling aficionados, takes the form of an extra password or code that you need to input whenever you log in to your account. Each code can be used only once, and it is sent to you via SMS or email. Once you receive the code, you must input it where required, and only then will you be able to gain access to your account.

If you decide to stick to Interac e-Transfer, each transaction involves a security question and answer. This ensures that you will not send money to anyone without meaning to, nor will you be forced to accept money from strangers, so long as neither of you includes the answer in the question, of course. Speaking of which, this is one of the many measures you can take to keep your transactions secure. Another security measure you should take if you play games online is creating strong passwords for your casino account and bank account, and they must not be the same. If you struggle with remembering different passwords, you can use a password manager in order to store them. Finally, remember to never share your login information with anyone.

Advantages of Interac

Interac AdvantagesAll in all, no one can deny that Interac has a lot going for it when it comes to managing one’s funds at an online casino. This payment solution is one of the most accessible options in the entirety of Canada, both in terms of the banks that offer Interac services and the gambling websites that accept Interac when it comes to deposits and withdrawals.

We must also emphasize that Interac is a very secure payment method. Canada’s financial institutions take advantage of excellent security measures, and this ensures that whenever you utilize Interac, you are well protected.

The speed of Interac transactions is also quite impressive. Deposits, in particular, are instant. Players who are excited to embark on their online gaming journey will therefore be able to start playing almost immediately when they create an account at a casino, which is very much appreciated. In addition, withdrawals tend to be fairly fast as well, with the typical waiting time not exceeding 3 days. There are banking solutions out there that will have you wait a week or even more before you can receive your money, so Interac performs well in this regard.

Players will also appreciate the fact that Interac fees are generally less than those of other services. As established, your Interac tools are available directly in your bank account, which means that you will not be forced to pay account fees to third-party entities, nor will you have to pay service fees for inactivity. The only fees attached to utilizing Interac products are those imposed by your financial institution.

Disadvantages of Interac

Interac DisadvantagesUltimately, there is not much to say in terms of disadvantages when it comes to Interac. The service is quite useful all in all, and when they have the opportunity to go with Interac, Canadian gambling aficionados will typically pick this option. Herein lies one of the main problems of Interac, however, which is its availability.

Although we have established that numerous casinos accept Interac, it is still possible for an individual to run into a casino that accepts Canadian players but does not allow its users to deposit or withdraw through Interac.

You have also noticed that, thus far, we have made sure to specify that it is Canadian residents who will take advantage of Interac. This is due to the fact that Interac is available only to casino players who have a bank account at a Canadian banking institution. Moreover, the only currency accepted for Interac transfers is the Canadian dollar. In other words, the vast majority of casino players who can use Interac whenever they play games of chance on the web are Canadians. Those who are not from the Great White North will usually need to use other banking solutions. In terms of using Interac, there is also the caveat that transactions are irreversible once confirmed. Although this is not an issue if you take care when you send or receive money, it is something to keep in mind nonetheless.

Finally, Interac is an overall low-cost payment solution, but this does not mean that using Interac whenever you play at online casinos or elsewhere is completely free. On the contrary, some fees are attached to transactions, such as sending and receiving money via Interac e-Transfer, withdrawing money from ABM’s, and the like. The costs of these fees will vary from banking institution to banking institution.

Conclusion

Interac ConclusionIt is not exactly common for a nation’s banking institutions to come together and create a transfer service as convenient and easy to use as Interac. The Interac interbank network has been in operation for over thirty years. Although it is a shame that those who do not reside in Canada will seldom be able to take advantage of this system, it has undoubtedly improved the quality of life of countless Canadian residents. Among them are, of course, those who like to play games of chance on the world wide web. Interac is among one of the most common payment methods at Canada-friendly casinos. Its security and speed make it one of the best options as well, which is why gambling aficionados turn to this payment solution whenever they play online.

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