Canadian players can consider themselves lucky to have multiple payment methods at their disposal when betting on sports or playing casino games.
Interac bookmakers allow them to load their account and cash out winnings by using one of the secure alternatives to credit cards and e-wallets. Since 1984, Interac payments has been used nationwide and new financial instruments were added over the years.
Gamblers can now use Interac Online and Interac e-Transfer at the top 100 bookmakers.
- 1Interac payments overview
- 2How to use Interac at online betting sites?
- 3Interac online vs Interac e-Transfer comparison
- 4Is Interac a secure payment method?
- 5Step by step deposits at Interac bookmakers
- 6Are withdrawals with Interac possible at sports betting sites?
- 7Fees and limits when using Interac
- 8Interac vs other payment methods for online betting
- 9Pros and cons of Interac betting sites
- 10Your FAQs on Interac betting sites answered
Interac payments overview
If you’re in the market for the best sportsbooks that accept Interac, you have arrived at the right place. We have assembled a list featuring some of the best betting sites and e-wallet bookmakers that have added this payment method.
They stand out from the crowd by offering an extensive lineup of games supplied by numerous software developers. These low deposit betting sites have the advantage of generous bonuses and promotions.
Top 10 online bookmakers 27 September 2023 – Updated list
How to use Interac at online betting sites?
The fact that the biggest betting companies decided to add this payment method alongside Paypal, Skrill and credit cards speaks for itself. It is easy to perform a deposit, spend the money on your favorite games and then enjoy the services of instant withdrawal bookmakers. There are just a few steps to complete when loading your account with cash at Interac sports betting sites. Withdrawals are just as simple and as long as you chose Interac for deposits, you’ll be able to cash out winnings in the same fashion.
In order to use this financial instrument at online bookmakers that accept Interac deposits you’ll need to sign up for an account first. Most of the major Canadian banks are compatible, so you need to sign up for an account with one of these reliable partners. Once you have the account open, you can fund it with cash and then use it as a conduit to make a transfer to Canada betting sites. You will be able to deposit the amount of choice in Canadian dollars, with the deposit process being performed instantly and for free.
Interac bookmakers for Canadians are similar to Rapid Transfer bookmakers for Europeans.
Interac online vs Interac e-Transfer comparison
Interac online betting sites for Canadians provide players with the option of switching from traditional payment methods to this financial instrument. Players also get to choose between Interac online vs Interac e-transfer, so it’s worth looking at the similarities and differences between these banking options.
Is Interac a secure payment method?
Security is paramount and it comes to online gambling and Interac Canadian bookmakers fall into this category. As long as you choose a sports book that is licensed, you will be able to use this banking instrument securely. The financial institution behind this payment method has a long and distinguished track record which explains its addition among bookmakers payment methods. For both deposits and withdrawals money will reach its destination on time and in full with no risks at all.
Step by step deposits at Interac bookmakers
As mentioned above, there are several differences between the Interac e-transfer and the Interac online transactions. CAD bookmakers usually accept both of them, so you simply need to select the way of transferring funds that is more suitable to you. Otherwise, there are only five steps to complete and you can fulfill them all in a matter of minutes, even if you have no previous experience with Interac Canada.
Are withdrawals with Interac possible at sports betting sites?
When it is time to cash out your profits from bookies that accept Interac for deposits, you can use the same financial instrument. Each gambling operator has its own pending period and there are specific bookmaker withdrawal limits to consider.
Under normal circumstances, the withdrawal should take only a few business days and will carry smaller fees than if you were to use e-wallets. Unlike deposits which are performed instantly, money will reach your Interac account in less than five days.
Fees and limits when using Interac
Interac vs other payment methods for online betting
Pros and cons of Interac betting sites
- Instant deposits with very low fees
- Secure payment method for Canadian players
- Stay in charge of your gaming expenses
- Multiple financial instruments under the Interac brand
- Only available to players from Canada
- Withdrawals take longer than e-wallets
Your FAQs on Interac betting sites answered
This payment method is used mainly in Canada, so this is where you will find most of the Interac bookmakers. Punters from the US won’t find any USA betting sites accepting this banking option, but they can still deposit at Canadian betting sites if they have an account at one of the Canadian banks.
Interac e-transfer USA isn’t offered at betting sites from the US, but you can use it to transfer funds to friends, make payments and even make a deposit at Canadian bookmakers accepting this payment method.
The bank statement will indicate the fact that funds were transferred to the betting company. Having said this, most bookmakers are owned by companies whose names are not necessarily related to gambling.
There’s no need to download a third-party app or software, since you can simply transfer the funds online. As long as you have a funded account, it will take only a few seconds to deposit to Interac bookmakers.
You will have no problem in making a deposit at an online bookmaker in Canadian dollars. This is in fact, the default currency for this financial instrument which was created for people from Canada.
Some bookmakers have restricted bonuses to those who use credit and debit cards, wire transfers or some e-wallets. There are still plenty of bonuses for players who choose to load their accounts with Interac.
Make fast and cheap betting transfers with Interac
Interac bookmakers provide their punters with the option to deposit using one of the popular payment methods in Canada. If you fancy one of the sports books recommended by us, you will surely appreciate the convenience of depositing and withdrawing funds in this manner. The associated costs are low and you will be able to perform fast and reliable transactions to and from your online betting account. There are even bonuses for Interac players, so don’t miss out on these unique opportunities and sign up today!