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the United Kingdom
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About Interac
Interac is a Canadian interbank network used for debit payments and bank transfers. It was launched in 1984 and is supported by major Canadian banks, including RBC, TD, Scotiabank, CIBC, and BMO.
Interac is primarily available to Canadian residents with a local bank account. It is widely used for everyday payments, e-transfers, and online transactions inside Canada.
Interac is not a global payment system and is not officially available in most countries outside Canada.
Interac for Online Casinos
Interac is commonly used at Canadian online casinos for:
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Deposits (instant)
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Withdrawals (usually 1โ3 business days)
At most casinos, Interac works via:
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Interac e-Transfer
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Interac Online (redirect to online banking)
Players must use a bank account in their own name. Third-party payments are usually ะทะฐะฟัะตัะตะฝั.
Deposits & Withdrawals
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Deposits: instant
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Withdrawals: typically 24โ72 hours after casino approval
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Limits: vary by casino and bank
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Currencies: CAD only
Interac is mainly supported for CAD transactions. Claims about EUR, USD, or GBP support are misleading.
Fees
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Interac itself usually charges no fees to end users
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Some banks or casinos may apply small transaction fees
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Casinos may set their own withdrawal fees or limits
There is no universal fixed fee like โC$0.16โ for all Interac transactions.
Security
Interac transactions are authorized via:
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Online banking login
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Two-factor authentication (bank-side)
Interac does not act as a mediator in casino disputes. It only processes payments.
Pros
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Instant deposits
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High security (bank-level authentication)
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No chargebacks (low fraud risk for casinos)
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Widely accepted in Canadian casinos
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No separate wallet required
Cons
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Available mainly to Canadian residents
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CAD-only
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Not accepted by all casinos
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Withdrawals may be slower than crypto
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No buyer protection for gambling disputes
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