Interac is a Canadian interbank network, used by millions of Canadians. Established in 1984, it is the most used Canadian cashless payment option, aiding both businesses and consumers in managing electronic payments quickly and securely.
 | |
| Payment Method | Bank Transfer |
|---|---|
| Founded | 1984 |
| Headquarters | Toronto, Ontario, Canada |
| Available In | Canada |
| Number of Employees | 700 |
| Number of Annual Transactions | 1.1 billion (2024) |
Interac's penetration into Canadian gambling reaches levels that no international payment method can match, but most players don't understand the technical advantages that make this dominance possible.
Since 1984, Interac has built infrastructure specifically designed for Canadian banking habits, regulatory requirements, and consumer preferences. This specialization creates gambling transaction experiences that international payment processors struggle to replicate.
Processing over 18 million CAD in daily transactions across 1.06 billion annual transfers, Interac handles volumes that dwarf most casino payment processors entirely.
With a substantial daily transaction volume averaging 18 million CAD, Interac has woven itself into the daily financial dealings of Canadians, providing a platform that merges ease with reliability. It is Canada’s first electronic payment network and is tethered to almost 300 financial institutions.
While Interac e-Transfer doesn’t typically tag fees for sending and receiving money, banks might introduce their own charges per transaction.
If you’re using Apple Pay or Google Pay with your Interac transaction, you have to pay 0.60% as a service fee for transactions up to $300 and a flat fee of $1.80 for transactions above the $300 mark.
Both Interac e-Transfer and Interac Online can be used to play online casino games with seamless connectivity and quick transfer times. Although the e-Transfer service is more commonly found as the preferred payment method in casinos, the Interac Online service feels just a little quicker and easier to use.
Deposits and withdrawals using Interac e-Transfer are nearly instantaneous from my experience but as of their website, it can take up to 30 minutes in some cases.
With a nod towards security, Interac ensures personal and financial information remains enveloped in privacy. The use of biometrics and passcode verifications, especially with mobile payments and Interac Debit using Apple Pay or Google Pay, provides an additional shield of safety.
You can reach out to the payment provider via:
Phone: 1-888-238-6433
Email: [email protected]
Finally, on the customer support side, the payment processor is a bit lacking from my experience. On the Interac customer support page, all you can find are ways to contact your bank or browse their selection of FAQs in most cases.
Interac casino deposits complete within 5-30 minutes depending on your bank's processing speed and the casino's payment integration quality. Major banks like RBC, TD, and Scotiabank typically process faster than smaller credit unions or online-only banks.
Most casinos credit Interac deposits immediately upon confirmation, allowing you to start playing without waiting for full settlement.
Interac withdrawals vary dramatically between operators, ranging from 2 hours to 3 business days. The fastest processors complete Interac withdrawals within 4-6 hours, while slower operators may require 24-48 hours for internal processing before initiating transfers. It’s safe to say you’re playing at an instant payout casino if it features Interac.
Most Canadian casinos absorb Interac processing fees, making transactions appear free from the player perspective. However, your bank may charge $1-3 per e-Transfer transaction, while Interac Online typically processes without additional bank fees.
Important
Apple Pay or Google Pay integration with Interac adds 0.60% fees for transactions under $300 and $1.80 flat fees above that threshold.
As you know, there are 2 different ways you can use Interac. Here are the key differences:
Interac e-Transfer works through email-based fund transfers that most Canadian casinos process within 15-30 minutes for deposits and 2-24 hours for withdrawals. You send money using your banking app or online banking platform, with the casino receiving funds after answering a security question.
This method provides transaction records through your bank statements and email confirmations, creating clear audit trails for gambling activity tracking.
Interac Online connects directly to your bank account through secure redirects, processing deposits instantly without email delays or security question requirements. Withdrawals typically complete faster than e-Transfer since funds move through direct banking connections.
Pro tip
Interac Online feels more seamless for frequent players, while e-Transfer provides better transaction control for occasional gamblers who prefer manual approval steps.
My time using Interac as my payment method for casinos went smoothly. The quick transactions with no added costs gave me a lot of flexibility.
Interac has many services on offer, and their connectivity inside Canada is unparalleled.
For readers who have come this far, I would wholeheartedly recommend the payment platform. Feel free to take a look at a few Interac casinos and start playing at the best payout casinos with a trusted payment method!
