Did you know Interac is one of Canada’s safest and easiest payment methods for online betting? If you’re looking for a fast, convenient and safe way to make your bets, Interac should be your go-to choice. In this article, we’ll tell you everything you need to know about using Interac for betting sites, recommend the best Interac betting sites in Canada, and much more! Don’t miss out. Read more below.
- Hot Bet is our favourite Interac Betting Site
- Interac E-Transfer is the most popular option for online betting
- Interac is available on many online sports betting sites
- There are alternatives to Interac betting sites
Best Interac Betting Sites in Canada 2023
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This is Interac Betting Sites
If you’re looking to bet on sports online in Canada, you’ll want to know about Interac betting sites. Interac is a popular payment method for online betting, and many Canadian betting sites and online casinos accept it. It was founded in 1984 under the name Interac Association but later renamed Interac Corporation.
There are several reasons why Interac is so famous for online gambling. First, it’s a very convenient way to deposit and withdraw money from your betting account. Second, it’s a safe and secure way to move money around. Your personal and financial information is always well-protected when you use Interac. Finally, Interac transactions are usually processed quickly, so you can start betting immediately.
- If you’re looking for the best Interac betting sites in Canada, check out our top picks.
Our Top Interac Betting Sites Right Now
Interac is a great payment method for online betting, and many Canadian betting sites accept it. Here are our top picks for Interac betting sites in Canada:
You know us! We just love Hot.Bet. It is also one of the best betting sites in Canada with Interac online banking. They offer a wide range of sports and markets to bet on and continually add new ones. You can also take advantage of their generous welcome bonus when you sign up. Collect 100% up to $100 to use for sports betting when you make your first deposit. Don’t miss out on this hot experience!
2: Nucleon Bet
Nucleon Bet is our second favourite betting site that offers Interac online as a payment option. Any new player that makes the first deposit can claim a welcome bonus of 100% up to $100 to use in their well-assorted sports section. Here you have the opportunity to play on great odds in a large amount of markets, including live betting. Nucleon Bet also offers a casino with live dealer games and slots from many providers.
Playzilla is an excellent online sportsbook that offers Interac as a payment method. Playzilla also has a fantastic selection of sports bonus offer on hand. For example, a weekly reload bonus of 50% up to $750, MLB 100% Free Bet, or a 10% cashback bonus up to $750. That said, you won’t run out of bonuses while playing at Playzilla! And the bonus money will come in handy since you’ll find a huge selection of odds and betting markets to spend them on!
LeoVegas is one of Canada’s most popular Interac betting sites, and it’s no wonder why. They offer a vast selection of betting markets with great odds. In addition, you can gamble on casino games, live dealer games, and slots from many different providers. LeoVegas welcomes Interac deposits and will reward first-time depositors with a bonus of up to $1,000 cash and a $75 free bets when you first deposit and wager!
Bet365 is one of the world’s most well-known and reputable online betting sites that offer transactions with Interac. They offer a huge selection of sports and betting markets with generous odds. You can also find casino games, live dealer games, and slots from many providers. Bet365 offers Interac as a payment method for Canadian players, and they will match your first deposit with a bonus of up to $200!
How We Rate Top Interac Betting and Casino sites
At Topnoaccountcasinos.com, we are a team of experts in the field of fast online casinos and sports betting. Our collected experience equals decades, which is why we feel that we can make suitable recommendations for the best Interac betting sites.
We have a few different criteria that we use when judging an online betting site, and they are the following:
- License (UKGC, Malta Gaming Authority etc.)
- Ease of use/user-friendliness
- Odds, betting markets, Casino games selection
- Bonus and bonus terms
- Customer Support
- Convenient payment methods (in this case, Interac)
Interac Payment Services
Interac is a banking method that includes several different services; only some can be used to deposit or receive money on online betting sites and Interac casinos. To give you a complete overview of what services Interac provides, we will explain the different services below:
This is the most popular Interac service right now. It’s a quick and easy way to move money to and from your bank account. All you need is an online bank account, an email address or a mobile phone number. The transaction is processed quickly, and the funds will appear in your account immediately.
To make an Interac transfer, you’ll need to log into your online bank account, choose Interac e-Transfer, and press “Send”. After this, you will be prompted to enter the e-mail or phone number of the recipient. You will also have the option to add the reason for the transaction.
To complete the transfer, the recipient will need to answer a security question set by you. The question and the answer can be discussed with the recipient over the phone or in person. Once the recipient has answered the question, the funds will be transferred into their account.
Interac Online is a service that allows you to make online purchases directly from your bank account without creating an Interac account. You can use it to pay for goods and services on websites that accept Interac Online payments. The transaction is processed quickly, and the funds will appear in your account.
To make an Interac Online payment, you’ll need to choose Interac as your payment method from the website you would like to pay to, for example, a betting site. Once this is done, you will be prompted to choose your bank.
If your bank is not on the list, it does not support Interac. Then all you need to do is to enter the amount for your Interac Deposit and confirm the payment. You will be automatically returned to your sports betting account, where you will find the deposited funds.
Interac Debit Cards
The Interac debit card is a service that allows you to make purchases directly from your bank account using your debit card. It can be used at various physical stores, online, or over the phone at merchandisers that accept Interac.
The payment process is straightforward. You’ll simply input the card into the POS terminal and then enter your pin. The payment will be deducted instantly from your bank account.
Interac Flash/Mobile Interac Flash
This is a newer service from Interac. It allows you to make contactless payments with your smartphone or smartwatch at any store that accepts Interac Flash payments. The beauty of this service is that it’s swift and convenient.
You don’t even need your debit card with you. To use Interac Flash, hold your device to the POS terminal and enter your PIN when prompted. The payment will be processed immediately, and the funds will appear in your account.
This service allows you to withdraw cash from your bank account at any ABM (automated banking machine) supporting Interac. All you need is your debit card and PIN.
Create an Interac Account
Interac has one significant advantage. Users do not need to create or set up an Interac account to use their services. However, if you want to use Interac Online or Interac eTransfer, you will need to have an online bank account with a participating financial institution in Canada. But don’t worry; Interac works with nearly 300 financial institutions, according to the company’s official website.
Fast and Easy Deposits at Sports Betting Sites with Interac Online
Making deposits to sports betting sites with Interac is easy if you have a Canadian bank account. We have decided to walk you through the process step-by-step to make it even easier.
1. Find the Best Online Sportsbook that Accepts Interac Payments
The first step is to find a betting site that suits your needs regarding odds selection, markets, bonuses etc. Of course, it needs to accept Interac payments.
2. Go to the Cashier and Select Interac as Your Payment Method
Once you have found the right sportsbook, it is time to register an account. When prompted to choose your payment method, select Interac from the list of options.
3. Select Your Bank
Now it's time to select your financial institution from the list provided. If you don't find yours, it means it isn't a part of the participating financial institutions, and you cant use Interac as a payment method.
4. Confirm the Deposit
Now, enter the amount you wish to deposit and confirm the payment. You will be redirected to your bank's login page, where you must input your online banking credentials. After that, the funds will appear in your account immediately, and you can start placing bets!
5. Start playing!
Now that you have made your deposit, it is time to start playing! Place your bets and enjoy the action!
Deposit with Interac e-Transfer
The process is a bit different if you want to use Interac e-Transfer. The first step is naturally to go to the deposit page of your chosen Interac sports betting site. From there, the process is somehow similar; you’ll choose Interac e-Transfer as your payment method and input the amount.
From here, click on submit, enter the email or phone number of the recipient, enter the security question (as mentioned above), and confirm the transaction. Your Interac deposits will be with you instantly.
Interac Betting Withdrawals
An important thing to know is that withdrawals from any Interac casino or betting site are as easy as deposits, especially when you use E transfer casino banking. This is one of the reasons why Interac is considered to be one of the most convenient banking methods on the Canadian market. This is what you’ll need to do to withdraw your funds with Interac bank transfers:
- Start by going to the banking page of the betting account that you would like to withdraw from
- Choose Interac payments as your payment method
- Enter the amount you would like to withdraw
- Confirm the transaction
- Once the betting company has processed the withdrawal, you will find it in your bank account.
You find this exhausting? No verification betting sites are way easier.
While there are some small fees associated with using Interac, these are always made clear before you make a transfer. The fees depend on your banking institution and your casino account.
Why Are Interac Sports Betting Sites Popular in The Canadian Market?
There are several reasons why financial transactions with Interac have become so popular among Canadian players. It is worth mentioning that few alternative payment methods offer as easy a deposit and withdrawal process as Interac does. It is also one of the safest payment methods for transactions to and from online sportsbooks with Interac since it doesn’t require you to share your online banking details.
- Available on many online sports betting sites
- Some of the fastest online payments
- Betting sites that accept Interac often offer great bonuses and promotions
How To Find The Best Interac Bookmakers
When looking for the best bookmakers that accept Interac online and Interac e-Transfer as payment methods, you will want to look for a few things. Below we have listed the most important characteristics that we think you should consider when picking your next Interac bookmaker:
- License: ensure the sportsbook is licensed and regulated by a reputable licensing body. A gaming license from a reputable gaming authority (like Malta Gaming Authority) is a must in gambling, whether on an online casino or a betting site. The gambling license is, in essence, a sort of guarantee for safe and secure gambling.
- Bonus: you may want to ensure that the sportsbook offers an excellent welcome bonus. If you are interested in collecting one, that is. Many sportsbooks offer special bonuses for players using specific payment methods, and Interac is no different. The type of bonus is important. Popular betting bonuses include match deposit bonuses, free bets, and cashback. You can read more about bonus types further down on this page.
- Odds: you should consider the odds offered by the bookmaker. The odds are, of course, one of the most important factors in sports betting. If the bookmaker offers competitive odds, you have a higher chance of winning money when you place a bet. And who doesn’t want that?
More Important Aspects
At the same time, the betting markets on offer are important to consider when choosing an Interac online sports betting site to play at. Make sure the site of your choice offer odds on the right betting markets for you.
Another thing to consider is the transaction speed. No one wants to wait for ages to collect an Interac cash out. The finest betting sites that accept Interac as a payment method will offer instant withdrawals.
Finally, we would recommend looking for a bookie that offers customer support. Good customer support is appreciated no matter what type of gambling you do. If something goes wrong or you have a question, it is good to know someone there to help you. The best bookmakers will offer 24/ seven support through multiple channels such as live chat, email and phone.
Banks that Accept Interac
- Luminus Financial.
- BMO (Bank of Montreal)
- RBC (Royal Bank of Canada)
- TD Canada Trust
- Other Credit Unions
Find the complete list of banks on the Interac website.
Types of Sports Betting Interac Bonuses
When playing at a bookmaker that accepts Interac as a payment method, you will often be able to claim unique bonuses. Canadian players are lucky enough to not only be able to collect a welcome bonus but several other bonuses on online casinos and betting sites that accept Interac online deposits and Interac e-Transfers. Let us take a look at the most common ones here:
A welcome bonus is, as the name suggests, a bonus that a bookmaker offers to new players. The bonus size can vary greatly and often depends on how much you deposit. For example, a common type of welcome offer could be something like this: 100% up to $100. If you deposit $100, you will get $100 in bonus money. The total amount you then have to play with would be $200.
A deposit bonus is a type of bonus you get when you make a deposit. The deposit bonus is often connected to the welcome offer but can also be given out to existing players from time to time. As with the welcome offer, the deposit bonus size can vary greatly.
Free bets are exactly what they sound like. It is a bet that the bookmaker gives you for free. Usually, you can use the free bet on any market and any sport that you want. If you win, the winnings are yours to keep. However, pay attention to terms and conditions, as there may be rules considering how high the odds are when you place your free bets.
Cashback is a type of bonus where the bookmaker refunds you a certain percentage of your losses. For example, if the cashback bonus is 20% and you have lost $100 during the week, the bookmaker will give you $20 back. This is a great bonus as the betting site will often pay this many out as cash. However, check the terms to be sure if the cashback comes with any wagering requirement.
When online gambling with bonus money on online casinos or sports books, keep the bonus terms and conditions in mind. Things such as max qualifying bet stake, wagering requirements and minimum deposit.
Interac as a Payment Method - The Pros and Cons
There are, of course, both advantages and disadvantages when using Interac as your payment method on sports betting sites or online casinos. Here are the pros and cons listed for your convenience:
- Safe and secure way to send money
- Fast transactions to and from your betting account
- Easy to use to transfer money to and from the sportsbook account
- Available on all the best betting sites and online casinos in Canada
- Interac can be used in several different ways (Interac Online, Interac e-Transfer, Interac debit card, Interac Cash etc.)
- Fees may occur
Security at Interac Bookmakers
When looking for a bookmaker that suits you and your gambling needs, pay attention to how safe the bookie is. When playing online, you will share personal information and banking details, so it’s good to know that these are in good hands.
Fortunately, all of the bookmakers we have listed on our site are fully licensed and regulated by reputable gaming authorities. This means they must follow strict rules and regulations regarding player safety and security.
For a bookmaker to be able to offer their services to Canadian players, they need to obtain a license from one of the gaming commissions.
To add to it all, we would also like to mention that Interac is very safe as a payment method. Interac has been around for many years and is a well-established company. They have an excellent reputation and are used by millions of people worldwide. When using Interac, you can rest assured that your money and personal information are in good hands.
Alternative Betting Payment Methods
Is Interac not for you? Then you might want to find an alternative payment method for online gambling. Many Interac bookmakers offer several options for financial transactions. You can, for example, use bank transfers or Trustly or Zimpler to transfer money to and from your gambling account.
Out of these mentioned options, Trustly is the better one. Trustly, like Interac, transfer funds instantly and without sharing more than the necessary bank details with the betting site in question.
If you like to send money and receive money with the help of email money transfers, like the Interac e-transfer option, you would likely be happy to replace that option with payment methods such as Neteller, Skrill or PayPal. Read more about our recommendations below:
To summarize, we believe Interac is an excellent payment method for online betting. It is safe and easy to use, and the transactions are processed quickly. Not surprising since Interac is one of the faster banking methods in Canada. You can find Interac on all the best betting sites and online casinos in the Canadian market.
FAQ: Interac Betting Sites
Yes, using Interac as a payment method when gambling online is safe. Interac is one of the most well-established financial institutions in Canada, with a fantastic reputation.
Yes, you can pay with Interac as long as you have chosen to gamble in an Interac casino/Interac betting site and you have one bank account in a bank or credit union that supports Interac.
No, you’ll need to use Interac Online or Interac Transfer through a bank or credit union that supports these banking methods to send money with Interac.
This depends on your bank or credit union, but generally speaking, there is no limit on how much you can send/receive with Interac.
Interac transfer payments are usually processed within 30 minutes but can sometimes take up to two hours. Interac Online payments usually go through immediately.
No, you can’t use your credit card with Interac. You’ll need to have an account in a supporting bank to make payments/transfers with this banking method.
The majority of Canadian banks support Interac Transfers and Interac Online. These include, but are not limited to, RBC, TD, CIBC, BMO and Scotiabank. You can find the complete list of supported banks in this article.