Interac Betting Sites in Canada [ 2023 ]
Interac is one of the easiest and most convenient ways for Canadians who wish to deposit at online sportsbooks, or for that matter, make purchases online with other merchants. It is the perfect solution that allows for the quick processing of payments within minutes directly from your bank account to the casino or sportsbook of your choice.
While Canadians have other payment options for the funding of their accounts, many carry associated fees that over time, can add up to a substantial amount. However, as Interac is a non-profit company, any costs associated with the processing of payments are applied by your financial institution.
As its popularity of use has grown exponentially, many such as TD Canada Trust and Bank of Montreal, have opted to no longer apply any fees unless a cancellation is made.
As a result, more Canadians are using Interac online today than ever before making it one of the most popular for internet gambling and e-commerce transactions. It is estimated that over 7.4 million Canadians transact more than 370 million transactions a year, and that number is expected to only increase in 2019.
Recommended Canadian Interac Betting Sites
If you’re looking for the best Canadian Interac betting sites, you’ve come to the right place. We’ve scoured the internet to find the top-rated online sportsbooks that accept Interac payments from Canadian customers.
Here are our picks for the best Canadian Interac betting sites:
Canadian Online Sportsbooks that Accept Interac
When it comes to online gambling transactions, it is vitally important to select a banking method that is reputable and safe. Choosing the right one not only ensures your safety but more importantly, provides you privacy. In a world where privacy issues are front and centre, having Interac as a viable payment solution is valuable.
Interac, as a payment system, has been successful in transferring billions for over 30 years. Its success has seen, in recent years, many online sportsbooks and casinos electing to offer it as a viable deposit method as others such as Skrill and Neteller opted to exit the Canadian market. The added fact that is completely safe to use and is trusted only adds to its value for those Sportsbooks that feature it among their payment methods.
As a result, at betting.ca, we have undergone extensive research to determine which sportsbooks offering betting services to Canadians offer Interac. Our list includes many of the finest and most respected online betting sites and that means you can relax knowing that those we promote are not only safe but will allow you to fund your account using Interac quickly.
To begin using Interac, you will need to have a Canadian bank account that is set up for online banking. This is a painless experience that requires you only to register online with your financial institution. Then simply select one of our preferred Interac accepting online sportsbooks, register a new player account, and fund your account using Interac.
One advantage when you do is you will have the ability to claim a sportsbook welcome bonus that could be your ticket towards winning big. In addition to the welcome bonuses available, most sportsbooks will enhance this offer with other weekly promotions as well as exclusive promotions for specific events, meaning new promotional offers are always on the horizon.
Depositing money into your sportsbook account using Interac
To make a deposit using Interac, it is important that you first set up your online banking, and verify that the sportsbook will allow Interac transactions from your financial institution. Sending funds to online retailers is different from sending money to family or friends as it requires that your account is set up to do so.
The process is simple, and if unsure, contact your online banking representative, and they will guide you through the process. Once set up, and you have registered and verified your sportsbook account, you need only to visit the cashier section, enter the amount you wish to transact via Interac, set up a security question only you know the answer to, then answer that question when sent via email. Upon your financial institution receiving confirmation of this, the transfer will be completed. This process, while longer than traditional methods such as Paysafe will take approximately ten minutes.
Frequently Asked questions about Interac Betting
Yes, 100%. Online sportsbooks that offer Interac as a deposit method are both safe and secure. They operate under licenses issued by regulatory authorities that require that all financial transactions be carried out using SSL encryption software that is equal to that used by financial institutions around the world. As such, you can have complete trust that your transactions not only will be processed but also that they will not be interrupted by any third party.
While Interac focused on processing transactions at a rapid pace, for security purposes, and the fact that you need to confirm the answer to the secret question, it can take up to ten minutes for your deposit to appear in your account balance. This is also in part due to Interac having to alert the payment processing company used by the sportsbook that your deposit has been approved and confirmed.
Placing wagers at a sportsbook that accepts Interac is no different than doing so with a sportsbook. You simply select the sports you are interested in placing a wager on, confirm your selection and wait for the results.
Unfortunately, no, they do not. The decision to offer Interac largely depends on the payment processing company they use and the volume of traffic they generate. As there is a cost for sportsbooks to process payments, the number of methods they offer will differ based on their size and the jurisdictions they are licensed to operate within.
Yes, however, that is ultimately up to the individual sportsbook and whether or not they have chosen to offer Interac as a withdrawal method. In the case they do, the process is identical to sending a payment via wire, and it should be noted that it could take several days before reflecting in your bank account.
The purpose of the bonus is to attract people to deposit and play, eliminating one particular funding method over another defeats that purpose and therefore unless specified, Interac deposits will qualify for sportsbook promotions. Generally, this is the case as there are no associated fees with Interac transfers
Yes. Just because you have opted to fund your account using Interac does not mean you will be required to use it whenever funding your account in the future. However, it is important to note that Interac is one of the safest for Canadian punters and beyond that of Paysafecard, few others will let you quickly and painfully process payments.