Interac is a popular payment system based in Canada. This interbank network links together financial institutions, gambling organisations and businesses to facilitate online payment transactions – it is similar to the Visa Debit card system and acts as the Debit card system for Canada. Throughout the country, there are ATM machines using the Interac system, furthermore, hundreds of thousands of merchants use Interac for digital payments and cashouys after their casino-activities.

Best casinos with Interac CashOut function

Dec 19, 2019 Hi Guys and Girls, First of all, as usual, thank you all for your feedback, your kind words and constructive criticism. With regards to the Withdrawal Fee, I apologise if this is not clear on our website and I will do my best to advise the Content Team to see whether they can add it anywhere in order to show the 2 or more withdrawals per week charge clearer. Go to the 'Cashier' tab and select ‘Withdraw’. You will now see the Interac e-transfer logo. To select this withdrawal option simply click on the icon. Enter the amount and then click on ‘Withdraw’. Click the ' Withdrawal ' tab. Enter the amount you wish to withdraw. Choose Interac e-transfer as the withdrawal method. Click ' Withdraw ' to complete the transaction. Once the withdrawal is fully processed by us, Interac e-transfer will take an additional 1-3 days to prepare your funds for claiming. Dec 19, 2019 I have made two withdrawals by Interac and both were processed within a few hours. I received a text with a password within 24 hours and then received the Interac payment the day after. Guess it depends on the time of day as I'm in western Canada so it doesn't line up with UK time and can take a little longer. I'm impressed so far. Interac's head office is located at Royal Bank Plaza in Toronto. Interac is the organization responsible for the development of a national network of two shared electronic financial services: Interac Direct Payment (IDP) Interac Direct Payment (IDP) is Canada's national debit card service for purchasing of goods and services.

In this article, we look specifically at the Interac casino withdrawal system and how it works for online gambling. There is a plethora of Interac withdrawal casinos that allow Canadian players to make quick and efficient payments. We look at which platforms utilize Interac withdrawal casino payouts; we also look at how the process works, and provide additional info about using this system for online gambling.

Real money casinos that payout to Interac

First and foremost, let’s look at the variety of Interac casino cashout websites. It is important for players to have access to a myriad of payment methods so that they can make instant deposits, but also withdraw their winnings quickly too. Most modern gambling sites have payment methods like Visa, MasterCard, Skrill and Neteller. More increasingly, sites that cater to Canadian players offer casino Interac cashout. This makes sense as mentioned above, it is the main debit card system for Canada and is used by millions of people.

The following are examples of popular Casino Interac withdrawal sites that accept this payment system, and are suitable for players using $CAD:

• PlayZee Casino
• N1 Casino
• Campeonbet Casino
• Casiplay
• Lucky Days
• Maneki Casino
• Fortune Jackpots
• Casumo
• LeoVegas
• Jackpot Village

Platforms like PlayZee, N1, and Campeonbet have an excellent banking process that allows users to quickly withdraw their funds. PlayZee casino in particular has a brilliant selection of games, fantastic bonus offers, and a website that is modern and easy to use. A platform like this that offers Interac withdrawals is a top choice and can provide players with great value for money, and a no-fuss experience. In the sections below we look at how to use this system, and look at why it is beneficial:

How to use Interac payout casinos? – Tutorial for gamblers

How that we have looked at some of the websites available, it is important to know how to use this withdrawal method. The process is straightforward and doesn’t vary much from standard gambling banking procedures. We have listed in detail below the four mains steps:

1. Locate the casinos banking section

First and foremost, you must access the banking section of the online platform. This could be called a few different things including, payments, banking, or account. Basically, it is the personal section of the site where you can change your account details and make deposits and withdrawals.

2. Choose Interac as a withdrawal option

Once you have located this section, you must then follow the instructions – this usually starts with selecting the payment method. In some instances, you may have to select Interac; some sites may give the option to use Interac directly, however. Ensure you choose the payment method that is linked to your Interac account.

3. Enter the desired withdrawal amount

Next, you simply enter the funds you wish to withdraw. Always check that you can withdraw the funds without breaking any wagering requirements as you could potentially void bonus funds. Also, ensure that the currency option is for CAD otherwise it could be converted to an international currency.

4. Approve the withdrawal

Finally, you can simply approve the withdrawal! Once the payment has been approved, you should receive some form of confirmation. This could be an email, a text message, or a simple confirmation screen on the website itself. It could be beneficial to write down the transaction reference number if any errors occur.

Interac Withdrawal Betway

How fast can you withdraw cash using Interac?

Processing time is an important factor to consider when choosing an online casino that pays through Interac. We understand that as a player, your winnings are important – you want to be able to access them quickly, and have the money in your bank account in as short at time as possible.

This payment processing system is usually instant – the actual processing of the transaction happens immediately. Once the process is complete, standard time for money to appear in your bank account is 30 minutes. This is one of the main benefits of Interac Casinos – it is one of the fastest withdrawal methods for online gambling platforms that Canadian players can use. Some other withdrawal methods like bank transfer, and credit card can take 3-5 business days before the money appears in your account – this gives Interac a large advantage.

You have to remember that withdrawal times could vary depending on the gambling platform used. Different platforms process payments in different ways. This results in great variance for the actual processing time for Interac payments –whilst this debit system itself processes transactions instantly, there could be a delay with the website. Always check the banking terms and conditions of the gambling site – this should detail withdrawal times and how they process payments.

Information about fees in Interac cash out casinos?

An important aspect of the casino Interac withdrawal system is associated fees. Some payment methods have a transaction fee – for example, Interac charges a minimum of 3% when you withdraw money from your account. On many websites, using credit cards means that the person incurs a small handling charge too.

Using an online casino Interac withdrawal is generally free. The payment system itself is free to use. Sometimes, for business usage, there is an associated transaction fee depending on the value. But this is not the case for online gambling – you can freely make withdrawals without any fees.

The only way that a fee is charged, is if the recipient bank account, or the online casino itself apply charges. Some casinos impose a withdrawal fee, and some banks charge for processing fees when making online payments. It is always advisable to check with your bank, and read the terms and conditions of the gambling site – this will avoid any surprise fees that you were not expecting. Generally, however, an online casino payout through Interac will be free.

FAQ

To conclude, we have created a short FAQ section about the casino Interac cashout process. This section should answer any additional queries you have about this payment system, and how it works for online gambling websites:

Is Interac a safe method of banking?

Yes – making an online casino withdrawal Interac transaction is extremely secure. The company states that it uses multiple layers of security including user authentication, and advanced encryption. It is renowned as one of the most secure payment systems in the world. This should be facilitated by enhanced security from the gambling site itself too.

Do you have to have another bank account to use Interac?

Yes – to make a casino withdraw to Interac, you must have a bank account or e-wallet. Remember that Interac is a payment system – it is not a banking institute. Therefore, you must have a bank account that uses this system for transactions. Once you have a bank account that utilizes Interac, you can freely use this transaction system.

Do wagering requirements still apply for Interac withdrawals from bonuses?

Yes – unless stated otherwise, wagering requirements for bonus funds always apply. Wagering requirements and playthrough requirements are standardized regardless of the deposit or withdrawal method used. Always check the terms and conditions for full details on any bonuses and promotions.

Page updated on: 25.02.2021

Interac Corp is a company formed from the Canadian fintech companies Interac Association and Acxsys Corporation. Both companies have long-standing good track record and experience in the financial industry, spanning over 30 years in the financial market of Canada. They are one of the leading payment providers in Canada with an established position.

Interac Corp has agreements with many payment service providers, banks, merchants, credit unions and caisses populaires, including RBC Royal Bank of Canada, Scotiabank, CIBC, TD Canada Trust, HSBC, Tangerine Bank, BMO, Bank of Montréal and ATB Financial. You can use it with over 250 financial institutions.

Every day over 60 million transactions are processed, amounting to 6 billion a year, which is the result of the popularity and availability. Different payment services are available, including Interac Online and Interac e-Transfer ↱, which can be used to make payments to and from online casinos and many other online shops.

Advantages

• payments are processed through secured connections
• Casino withdrawal is also possible
• a good reputation and availability, and support from over 250 financial institutions
• no fees from Interac

Disadvantages

• only users with a Canadian bank account can use the service
• fees may apply from casinos

Top Interac e-Transfer Casinos in 2021

The list below offers you the best online casinos with Interac e-Transfer for casino deposits and withdrawals. Each casino has at least one valid licence and a good reputation with their players. We offer more information about these Canadian casinos in detailed reviews providing information about the payments, payment terms, fees, bonuses, terms and games available at the website.

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Interac Withdrawal Rules

*Bonus Terms apply and they can change any time.

How does Interac e-Transfer work?

Interac e-Transfer is widely accepted as a payment method in at online shops in Canada, and many Canadian online casinos accept it as a payment method as well.

You can send and receive money from anyone with a mobile phone number or an e-mail address, or a bank account at a bank in Canada. You won't have to share any personal banking information with the receiving or the sending party, which makes payments really safe.

You can make fast and secure payments with Interac e-Transfer directly from your bank account, and you can send the payment to other bank accounts, online merchants or online casinos.

It's also possible to request money with Interac e-Transfer. Log in to your mobile banking or online banking and navigate to the tab to request money. You can request money from one of your existing contacts, or you can fill in the fields for e-mail address or a mobile phone number to request from someone else. Enter the amount and a message if you like, and send the request. The funds will be deposited into your bank account immediately after the recipient approved it.

Casino deposit with Interac e-Transfer

Making a deposit at an online casino with Interac e-Transfer is simple. Select it from the list of available payment methods at the casino, and then follow the steps on-screen.

Choose the account you wish to make the transfer from, and the amount how much you wish to deposit into your casino player account. The recipient of the funds will receive a notification of the transaction, and the money will be available in your player account within moments.

Casino withdrawal with Interac e-Transfer

Participating online casinos also offer Interac e-Transfer for the casino withdrawal. Choose the payment method from the list of available withdrawal options, which you can see if you've previously used Interac to make the deposit at the casino as well.

You can then initiate a withdrawal of your winnings from the casino, and they will be transferred to your bank account after the withdrawal has been accepted and processed by the casino.

How long it takes to process the withdrawal depends on the casino and their policies. Keep in mind that a withdrawal is subject to a number of checks at the casino, but once it has been accepted by the casino, the money will be credited to your bank account within moments.

Conclusion

Interac e-Transfer is a convenient payment method for users who wish to make a fast bank transfer. This service is only available to users with a Canadian bank account, and transactions will also appear on your bank statements.

If you wish to make more discreet payments to online casinos, we recommend using a different service, such as the Neteller e-wallet.

Interac e-Transfer is safe to use, and very popular with casino players. The payment option is available at many Canadian online casinos as well, making it a convenient choice.

Interac e-Transfer FAQ

♦ Which currencies are supported with Interac e-Transfer accounts?

Interac e-Transfer handles payments in Canadian Dollar (CAD) and US Dollar (USD). You can also make transfers in another currency, but in this case conversion fees will apply which can be hidden in the exchange rate of the currency.

♦ What are the fees for Interac e-Transfer?

Interac e-Transfer is mostly free for users, and online casinos or other vendors often carry the fees for the service. The company itself doesn't charge any additional fees to the users. However, in some cases, merchants or casino operators transfer their cost to offer the service over to the user, so it's important to take a look at the payment policies of the casino before making the deposit.

♦ How long does it take to send or receive money with Interac e-Transfer?

Payments made with Interac e-Transfer are processed instantly. You can also make withdrawals of winnings if you've used it for the deposit previously. A casino withdrawal is subject to a number of checks, so bear in mind that it can take a few hours or days for the approval of the deposit. Once the casino operator approved the payment and processed it, you'll have it credited to your account within moments.

♦ Can I use Interac e-Transfer in online or mobile casinos?

Interac Withdrawal Fee

There are many mobile casinos accepting Interac e-Transfer , most of which also allow deposits in Canadian Dollar. Take a look at the best Interac e-Transfer casinos and information about the payment method here at CasinoDaemon.com.

♦ What are the minimum and maximum transfer amounts with Interac e-Transfer in casinos?

Interac e-Transfer can be used to make higher transactions, starting from C$10 or C$20 at most casinos, up to C$2500, whereas the maximum amount also depends on the casino policy and your available funds.

Similarly, withdrawals with Interac e-Transfer are also subject to the casino's payment policies, including maximum transaction limits and general withdrawal limits. you'll Take a look at the casino's payment policies to learn more about the minimum withdrawal amount, which often starts from C$10 or C$20 at licensed online casinos.

Some casinos have maximum withdrawal restrictions, which can include daily, weekly or monthly limits. We provide information about the withdrawal limits in our casino reviews for each casino, or you can find them in the terms and conditions of the casino.

♦ Where is Interac e-Transfer based and/or licensed?

Interac e-Transfer is a product from Interac Corp, an established fintech company that has been around for over three decades, which is cooperation of Interac Association and Acxsys Corporation. The company has their headquarters in Toronto, Canada.

♦ Can I get a casino bonus with Interac e-Transfer?

Casino players from Canada are welcome at many online casinos, and they can also often claim a casino bonus. These welcome bonuses can also be claimed with an Interac e-Transfer payment, as this payment option is usually not excluded.

Take a look at the bonus terms to find out if there are any restrictions. The T&Cs will provide information about the wagering requirements of the bonus, and it's very important that you read them if you decide to accept bonus money.

♦ Is Interac e-Transfer a safe payment method?

Interac e-Transfer payments are very safe, as they are secured through encrypted connections, and also because you won't have to share any personal or financial information with the recipient of the payment.

The company over 30 years experience in the financial business in Canada, which means that they can be trusted with safe payment processing.