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Let's take a look at the pros and cons of using InstaDebit to gamble in more detail:

Safe Payment Option

✅ Interac is widely considered one of the most secure payment solutions at Canadian casinos. The service allows for seamless integration between your casino bankroll and bank account, with the highly-regarded financial institution ensuring a watertight payment gateway. You cannot get a much more secure deposit method, so it’s no wonder Interac online casinos are so popular..

Convenient

✅ Interac is an exceptionally convenient banking method despite the added security measures. It works in much the same way as a normal Mastercard or Visa debit card, so even complete beginners can start making casino deposits and withdrawals with ease. We’ll go into more detail in the next section. Interac’s ease of use is an undeniably huge reason behind its impressive popularity.

Fast Payment Option

✅  Interac is directly linked to your banking page, enabling extremely fast deposits and payouts. Clients can enjoy completed transactions within 24 hours in many cases, although you’ll also have to be playing at a fast payout casino. Gambling enjoyment can be massively linked to the speed at which you can access your winnings or pay into your account, so this is a huge factor behind Interac’s recognition as a leading payment option.

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❌ While Interac is available at many of the top Canadian online casino sites, there is a considerable list of operators who don’t have it as one of their deposit methods. The potential benefits of using Interac can therefore be hard to enjoy if you’re not gambling at the best site.

Fees

❌ Interac users at online casinos won’t have to pay extra fees for depositing at the majority of online casinos, but they may need to pay a small fee when claiming payouts. It can be a slightly more expensive payment method due to these transaction fees, especially compared to credit card solutions, Neosurf, or other payout options. Keep this in mind if you want to keep everything you win.

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Making a deposit using Interac is extremely straightforward. Anyone can use the payment network provided they have an open account at one of Canada’s leading banks. Customers will benefit from mobile banking here, as it can speed up the process even more. But don’t worry if not, as Interac deposits also work with regular internet banking. Check below for a generic step-by-step guide explaining how it works:

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Log into your casino account and head to the cashier page. This is usually found under the “My Account” section and can also be written as “Deposits/Withdrawals” or “Banking”.

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After navigating to the cashier page, you'll need to choose the deposit option. Once you’ve navigated to the dedicated deposit section, look for the Interac payment method and select it.

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Next, you’ll need to pick your preferred Interac option. For example, players can use Interac Online, Interac e-Transfer, or Interac e-Transfer Request. There are small differences between them, so make sure you choose the right method for you. Generally speaking, Interac e-Transfer is arguably the most efficient, allowing players to send funds directly from their bank.

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Input the amount you would like to deposit. Keep in mind the minimum required to activate deposit bonuses or other casino bonuses. Press “Confirm” after you have done so.

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In most cases, your chosen online casino company will redirect you to a pop-up Interac window, where you’ll need to input your banking credentials or log into your online banking. Be prepared to answer a security question and have passwords to hand in case you need them. Interac has secure safety measures, so you may need to provide proof of who you are via these methods. After confirming the deposit, your funds should appear in your casino bankroll near-instantaneously.

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Interac is also a popular withdrawal method available at most Canadian mobile casinos and desktop platforms. It has the potential to be one of the fastest withdrawal casino options, but this can depend on how long it takes your casino to process payouts. If you’re in doubt, contact the customer support team to enquire.

We also recommend checking the terms and conditions for information regarding fees, as there can be small charges for withdrawing cash using this method. Additionally, remember that many Canadian casinos will only support Interac e-Transfer. Doing your research before making a withdrawal is key to avoiding any issues. The step-by-step list below can help you gain a general understanding of how it works:

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As with making deposits, the first step to making Interac withdrawals is, of course, logging in to your account and going to the cashier page. After you’ve done so, select the “Withdrawals” option to bring up your options.

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Next, you’ll find a variety of casino payment methods available for payouts. Select Interac from the range of options and press continue.

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Ensure you’ve satisfied all wagering requirements and cleared bonus funds before inputting the total amount you would like to withdraw. You will also need to confirm some personal details and complete KYC checks if you haven’t already. This can require proof of address and identity documents, so it’s a good idea to have these ready. Interac e-Transfer users will need to input some bank account details. For Interac Debit, you’ll need to log into your account using the pop-up window. After completing these steps, press confirm withdrawal.

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Players must usually allow up to 48 hours for withdrawals to be processed at the best Canadian online casinos. You can check the progress of your withdrawal request in the cashier section. Once accepted, you can expect to wait one or two days before the funds appear in your account. Keep checking your balance to see whether the winnings have cleared. After that, you’ll be free to enjoy them!

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The distinction between Interac Online and Interac e-Transfer can be confusing for beginners. Knowing the difference is fundamental. Otherwise, you could run into dozens of potential problems. Fortunately, learning how the two options differ from each other isn’t particularly difficult.

At the basic level, Interac e-Transfer allows users to interact with their bank account to make deposits and receive payments. This method is still processed by your financial institution. On the other hand, Interac Online is a direct money transfer method that uses Gigadat to link merchants and bank accounts.

Gigadat and Interac are some of the most trusted Canadian payment providers for various reasons. They both bring a high level of security and control, while also making things as easy as possible for customers and gamblers. As a result, Interac Online is a highly-regarded option, although it isn’t as widely available as Interac e-Transfer.

Some of the only Canadian banking institutions currently offering Interac Online are TD Canada Trust, First Nations Bank, and RBC Royal Bank of Canada, so not every player can use this service regardless of their chosen casino. Making withdrawals using Interac Online is also extremely rare, with most platforms only accepting Interac e-Transfer.

Nevertheless, Interac Online can be a better way to make deposits if you’re able to. It is arguably more convenient, and you don’t need to disclose as much banking information on your chosen casino website. Moreover, participating casinos can also use FastPlay via Interac Online to streamline the account creation process. This service automatically fills in your personal details using your banking information, cutting out the lengthy and often convoluted sign-up process.

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Check below for a selection of the best Interac online casinos by category:

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Financial licensing and regulation are important aspects to consider regarding Interac. Customers must be able to experience a safe and trusted service, something that is more or less impossible without a third party overseeing the service. Fortunately, Interac ticks all the boxes here, which is unsurprising considering its vast popularity.

The Financial Consumer Agency of Canada has regulated Interac since its conception, constantly checking to see whether it is complying with the Payment Card Networks Actand Code of Conduct for the Credit and Debit Card Industry in Canada.

But this isn’t all. In 2020, Interac took a giant step towards being Canada's leading payment service by gaining regulation from the Bank of Canada. The critically acclaimed banking institution labelled Interac as a “prominent” payment system, giving it an even more stellar reputation.