Interac Casino: How to Use Interac at Betiton Canada

Last Updated: 26-06-2023 13:50

Interac is Canada’s number one choice for casino payments because it’s a banking option that most users will already be familiar with. As a Canadian-based payment method, it’s no surprise that most Canadian gamblers tend to look for the Interac logo when signing up at an online casino.

You can find hundreds of Interac online casinos in Canada because it’s one of the most standard payment options in the casino industry, but the challenge is to find a top Interac casino that you can trust. If you’ve been looking for such a casino, we’d like to welcome you to Betiton Interac Casino, one of the best online casinos that accept Interac in Canada.

Here at Betiton Canada, we also provide our players with various other casino payment methods. Although they’re all similar, it’s necessary to learn about each one before you decide which one to use. In this Interac casino review, you’ll learn how to use Interac at Betiton Canada for your deposits and cash outs as well. We’ll also highlight the main features of Interac, the perks, and disadvantages in this review.

How to Start Interac Online Gambling at Betiton

Are you interested in getting started with Interac online gambling at Betiton? Making transactions via Interac is rather straightforward, and all you need to get started is a Canadian bank account, which you probably already have. In a nutshell, Interac allows you to make transfers from your bank account to an online casino indirectly without using your card details.

Over 90% of Canadians use the Interac e-Transfer service regularly, and it’s clearly the number one choice for most Canadians. Over 6 billion transactions are made yearly through Interac Debit or Interac e-Transfer. We’re pleased to be able to offer this popular payment option to our Canadian gamblers for several reasons, including all the bonus features mentioned below:

• Interac is the most widely accepted payment method online, including at online casinos.
• Highly secure payment method with modern safety and anti-fraud technology features.
• Both deposits and withdrawals can be made via Interac e-Transfer.
• Easy to use because it’s connected to your bank account.
• No need to sign up for an account in most cases.
• One of the most reliable and trustworthy payment options currently available in Canada, with nearly 40 years of experience.

Deposits

To make a deposit at an online casino that accepts Interac, like Betiton Canada, you need to follow a couple of steps to complete the transaction. Before you make your transaction, log in to your Betiton account and then follow the guide below:

1. Go to the cashier section at Betiton and click the Interac logo.
2. Choose the amount you want to deposit into your account and proceed to the next step.
3. Now, you’ll be prompted to log into your online banking account.
4. Confirm the transaction, and your funds will be processed. The deposit should be instant.

If you’ve never used Interac before, we suggest reading the terms and conditions on the website first. It’s always crucial to be aware of these before you start banking with any payment method to make sure you agree with all the conditions.

Withdrawals

The Interac e-Transfer casino payment option isn’t always available for withdrawals, but you’ll be happy to hear that it’s possible to cash out using Interac at Betiton Canada. However, please note that you’ll need to verify your account by uploading the necessary documents if you haven’t already done so.

Without completing the verification process, you won’t be able to request a cash out via Interac or any other payment method. We understand that it might be somewhat tedious on your part to upload the required documents, but this is a KYC process required by all licensed and regulated online casinos in Canada. We must verify that your identity is real, both for our safety and yours. We also need to verify your sources of income for anti-money laundering purposes and ensure your income can support your gambling activity.

We suggest getting the verification process out of the way immediately when you sign up for an account so you can cash out your first winnings quicker. Below are the types of documents you’ll need to upload:

1. Proof of ID – National ID card or passport
2. Proof of Address – Recent utility bill, government-issued letter, or lease agreement no older than three months.
3. Proof of Income – Payslips, income tax statements, bank statements, or other proof of income that can substantiate your gambling activity.

Once you upload the documents, our casino team will begin verifying your identity right away. This process can take a few days to complete, but you can rest assured that you’ll hear from us right away once the process is complete. And the good news is that you’ll only need to go through this process once unless you want to increase your limits significantly or if you’re requesting a larger-than-usual withdrawal.

If you’re new to Interac gambling, you can follow the quick guide we’ve created below to request a withdrawal through Interac:

1. Sign in to your Betiton account and return to the cashier section.
2. Select ‘Withdraw’ this time and then choose the Interac option.
3. Decide how much you want to withdraw from your Betiton account. Remember, the minimum withdrawal limit is $10.
4. Enter your details by providing your account number and Security ID.
5. Click ‘Withdraw’ to confirm your transaction. Our casino team will then start processing your withdrawal request.

What Is Interac?

Interac is a Canadian-based interbank network that’s designed to facilitate safe transfers from one bank account to another. There are several services offered by Interac, from prepaid cards to an e-transfer service and an e-wallet too, but what they have in common is that they allow you to easily manage and control your funds whilst making secure transactions.

Interac is also one of Canada’s oldest online payment solutions, established nearly 40 years ago in 1984. Since then, Interac Corp. has played an integral role in Canada’s payment industry, and it’s one of the country’s most widely used payment methods. With so many years of experience and a great track record of satisfied customers, many new gamblers feel confident using this payment method.

Today, Interac is rated as Canada’s most trusted financial company. There are more than 300 financial institutions connected with Interac and a whopping 18.6 million transactions every day are made through Interac’s financial services and products! It’s safe to say that Interac has been a household name for several years in Canada, but some may not know how it can be used for online gambling purposes.

What Is an Interac Account?

You can sign up for an Interac account to use the services offered, but it’s also not necessary because of the way Interac works. Unlike digital wallets, where you need to create an account and then load funds into that wallet, Interac simply requires a Canadian bank account. To make a deposit, you simply need to select Interac, log in to your bank, and transfer the desired amount, as described above.

What Is an Interac Card?

Now that you know how to make a deposit or a withdrawal using the Interac e-Transfer casino payment option, you should learn about other products and services offered by Interac. One of these is the Interac Debit card, a type of card that’s a little bit different than your average debit card.

The Interac Debit card can be either a physical card or a mobile wallet, which can be widely used at online and physical retailers. It’s also a contactless card, so if you want to use it for in-store purchases, you can pay easily with just a tap. The card also supports cross-border debit payments, ABM withdrawals, and debit on mobile.

If you don’t want to use your physical debit card every time you want to make an online purchase, including an online casino deposit, you can add your Interac Debit to your mobile wallet and pay with your own funds. The Interac Debit option is supported on Google Pay, Apple Pay, and Samsung Pay.

Security is always a key priority with Interac, which is why robust safety measures protect Interac Debit transactions. Interac’s Zero Liability Policy also protects transactions via Interac Debit, so you can be refunded if you’re the victim of fraud.

What Is an Interac Casino?

An Interac online casino is simply a phrase to refer to any online casinos that accept Interac as a payment method for casino deposits and withdrawals. Whenever a casino is referred to as an Interac Casino Canada site, then you can be sure that one of the accepted payment methods will be Interac and likely supports both the Interac Debit and the Interac e-Transfer option.

Betiton is also an Interac withdrawal casino, which means you can cash out any winnings via Interac, a feature you won’t find at any Interac casino. This way, you can stick to one payment method for all your casino transactions if you’re playing or sport betting at Betiton.

Additionally, it’s worth mentioning that although we’re an Interac online casino Canada site, we also offer several other casino banking options, so you won’t be limited to using Interac only. On the contrary, you can choose from a long list of banking options, including different payment types like digital wallets, prepaid cards, and card payments.

How Does Interac Work?

Interac works slightly differently than other casino payment methods you might be used to at online casinos in Canada. The Interac e-Transfer is a payment system directly connected to your bank account. Anyone with a Canadian bank account can then make deposits at an Interac e-Transfer casino Canada site.

It’s similar to a bank transfer in that you don’t usually need to sign up for an Interac account since this is automatically done when you have a Canadian bank account. Additionally, you’ll need your Internet banking login details to transfer or receive money, so there is no third party where your funds are temporarily stored.

Interac Withdrawal Time

As we already mentioned, Interac can be used for both depositing and receiving funds, but while deposits are instant, withdrawals aren’t. This isn’t necessarily considered a disadvantage because it’s very common for casino payment methods to offer instant deposits but longer processing times for cashouts.

The time it takes for an online casino Interac payment to reach your account depends greatly on the casino you’re gambling with. At Betiton Interac Casino, you can expect your cashout request to be processed within a minimum of two days and a maximum of six working days.

Although Interac doesn’t offer the fastest withdrawal times, it’s always a big plus to be able to withdraw any winnings through the same banking method used to make a deposit. Another bonus is the fact that your winnings will be sent directly to your bank account rather than a separate account like an e-wallet.

Interac Casino Payment Limits

Payment limits always vary between one payment method and another, but there will always be limits on how much you can deposit and withdraw. Typically, there are also limits on the minimum you can deposit and the minimum you need to have in your account before you can request a withdrawal.

With Interac, there are no fixed payment limits because these depend on your financial institution. We recommend contacting your bank or financial institution to learn more about the limits that apply to your account.

Advantages of Betting with Interac

There are several advantages of betting with Interac, which is why it’s so commonly used in Canada, especially for online casino purposes. Let’s take a closer look at the most significant advantages of Interac online casinos.

Secure Payment Method

Interac is considered to be one of the safest payment methods you can use for online casino deposits and withdrawals. There are several different security measures in place which are there to protect your financial information and your money, too. These include anti-fraud measures, state-of-the-art encryption technology, security questions, EMV chip technology for Interac debit cards, and touch ID, which can be set up when using the Interac Verification Service app. Additionally, since Interac is directly connected to your bank account, you’re also protected by your bank’s security measures.

Instant Deposits 

One of the biggest bonus features is the fact that it’s a very quick and efficient payment method. When you transfer funds from your bank account to your casino account, the transfer is processed immediately, so you can use those funds to start playing immediately. You can use your Interac deposit to play a wide variety of top casino games at Betiton Canada, including slot games, table games, and live casino games, and you can also bet on all your favourite sports.

Quick Withdrawals 

Withdrawals are also quite quick, although not usually instant. This is typically the case with most casino payment methods, and although everyone would like to receive their online casino payout through Interac right away, it’s common to have to wait a few days. Nevertheless, compared to other banking options, Interac offers quick withdrawals.

You Might Already Have an Account

Another bonus is that you might already have an Interac account, which means that you can skip the registration process altogether. An automatic account will be created if your bank uses Interac, making it easier to use.

Interac Flash 

Interac Flash is the contactless version of Interac Debit and another service this payment provider offers. The difference between Interac Debit and Interac Flash is that you can make smaller purchases with your card much faster.

The Interac debit cards with this feature enabled have a contactless symbol on the front of the card, and you can see where Interac Flash is accepted because the same symbol will be displayed on the point-of-sale terminal.

Interac Flash offers enhanced security features that you might not find in all contact payment technologies, which is another bonus of this payment method. One of these security features is the EMV secure chip processing technology which is there to protect you from fraud and counterfeit transactions.

Other security features include real-time payments and the fact that the card must always be present at the point of sale. There’s also a Zero Liability Policy, which means you will be fully reimbursed for any fraudulent transactions. For your security, transactions can’t exceed $100. If you reach this limit, you must physically enter your card into the machine or use your PIN until the limit is reset.

Disadvantages of Betting with Interac

Plenty of advantages come with playing at an online casino with Interac, but there are always drawbacks. We encourage you to read the disadvantages below to make an informed decision about the Interac payment method.

May Incur Fees 

One of the most common disadvantages of using any casino banking method is the fees. It’s unlikely that you will find a banking method that’s totally free to use, but it’s still considered a drawback. Interac fees vary according to how much you deposit, but you can expect to pay between $0.50 and $1.50 per transaction.

Connected Directly to Your Bank

Interac is directly connected to your bank account, which can be both an advantage and a disadvantage. On the one hand, this makes it very easy to get started with Interac because you don’t need to sign up for an account or go through a verification process. When you sign up for an account like a digital wallet, for example, you’ll typically need to wait a few days for your identity to be verified before you can start using your account.

On the other hand, many players prefer to keep their gambling transactions hidden from their bank statements for privacy and security reasons. E-wallets are very popular in Canada because they act as an intermediary between casinos and your bank to facilitate 100% anonymous transactions.

Lowish Limits

The limits that apply when using Interac can vary depending on your bank or financial institution, but they tend to be relatively low. To learn more about the exact Interac limits, please visit your bank’s website or contact them directly to determine the minimum and maximum limits that apply to your deposits and withdrawals.

Irreversible Transactions 

Transactions made via Interac aren’t usually reversible, which is very common. Since deposits are instant, reversing your transaction is impossible because it will likely go through to your casino account immediately. The transaction will be irreversible once you confirm the transaction by entering your Internet banking details.

Interac vs VISA

Two payment methods often compared to each other are the Interac e-Transfer service and the Visa Direct payment option. Both are types of banking methods that can be used for casino deposits and withdrawals, but the way they work is slightly different.

First of all, Interac is only available in Canada, while Visa is a global payment method accepted worldwide. Both can be used to make in-store purchases or online payments, and they also support withdrawals from ATMs.

Interac and Visa offer instant deposits, but withdrawals take a little longer. At Betiton Canada, both payment systems have an estimated processing time of two to six days, so there really aren’t too many differences between the two.

One small difference is the type of details you’ll need to make a transaction, but they work similarly. With Visa, you’ll need to use your card details to make a deposit or withdrawal, while Interac requires your bank login details because it’s already connected to your bank account.

FAQs About Interac