Interac is a popular payment method for use with online casinos in UK. Everything about Interac represents security and as this is a company with a fine reputation, it makes sense that you should give them serious consideration if a casino at which you have an account accepts deposits made by this method.
The method used for online casino transactions is Interac e-transfer and the way this works is that it basically a way of sending or receiving funds from one bank account to another bank account so in the case of online casinos, from a players personal account to a casino account in their name, and back again in the example of a withdrawal.
Interac is more an extra level of security as opposed to a standalone payment method.
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How to play casino games using Interac
Register for an Interac account
There is no need to open an Interac account because this payment method is used alongside regular casino payments from your bank.
Choose a casino from the recommended list and make a deposit
Head on over to our recommended casino list, check if the option of using Interac is available and make a deposit into your online casino account.
Grab a bonus and start playing your favourite game
Check to see if there is a welcome bonus available and if you can use an Interac deposit in order to meet the terms and conditions associated with the bonus, all is good, and you can start playing and enjoying the casino playing experience.
General Information About the Interac Payment System
Details and how Interac works
If you don’t live in Canada, you have probably never experienced Interac before and it would be fair to say that the way it is set up means it can work slightly different between casinos.
The way that it works is when you make a deposit into your casino account you log into your regular bank account on a PC or mobile device.
The next bit is where is varies slightly because you will then need to go into the cashier section of the casino and choose the Interac option to make a deposit.
You will be prompted to choose a security question along with an answer to that question.
The question will be asked through Interac and the player must answer the question in the casino, Interac and the casino will interact with Interac asked the casino the answer to the question, when it is answered correctly the funds will be released.
It all sounds far more complicated than it actually is, but the fact of the matter is that deposits made using Interac are about as secure as it is possible to get.
Fees and commissions
As Interac is a Canadian-based payment processor, the fees are varied depending on which bank you are using.
If it is one of the big 5 banks in the country, there are usually no fees when making a deposit or withdrawal into an online casino account but even if you are using one of the smaller banks, the deposit is usually very low at between one and two dollars (between 70p and £1.50).
Most people would agree that even if you do have to pay a small fee, it is more than worth it due to the added protection of your funds.
Deposit and withdrawal times
As with a normal bank deposit into an online casino account, as soon as the deposit has been made, the funds will immediately be able to play with.
Withdrawals are also the same as if you were withdrawing directly to a normal bank account and will take up to 5 working days.
How to deposit money using Interac
Time needed: 7 minutes
- Visit online casino
Open an online casino account and head to the cashier.
- Choose Interac
Choose the Interac option for making a deposit
- Open account
Open up your online or mobile bank account
- Enter details
Enter the question and answer through Interac
- Finish transaction
Your bank will automatically connect with the casino account and if the question is answered correctly, the funds will be released.
How to make a withdrawal using Interac
- STEP 1: Go to the cashier in your online casino account.
- STEP 2: Enter the amount you would like to withdraw, ensuring that all wagering requirements have been met if playing with a bonus.
- STEP 3: You will be asked the answer to your security question.
- STEP 4: If answered correctly, the funds will be released to your online bank account.
Pros and Cons
Pros:
- The added layer of safety which Interac provides is superb.
- No fees if using alongside one of the big five Canadian banks.
- It sounds complicated to use but it is in fact very straightforward.
Cons:
- Mainly available in Canada only.
- Fees are applicable if not using one of the big five banks.
Final thoughts about using Interac at online casinos
At a time when you hear so many stories about people losing money online by making payments to scan websites etc, Interac comes as a breath of fresh air.
Different to anything that you have probably seen before, the security that it offers is second to none.
The only real problem is that it is not available around the world, mainly in Canada, so if more UK banks would take the ide on board, it would be great news for UK casino players.
Frequently Asked Questions
They really could be safer, using the question and answer technique with Interac means that it would be very hard for anyone to hack your account.
Directly back to your bank account.
No, mainly Canadian casinos but check in the cashier section of the online casino account where you are playing.
