Interac Casino: Deposits & Withdrawals

Both Interac options have become very popular payment methods in Canada with over 250 participating financial institutions, including the five big Canadian banks. Interac online casinos are ideal because transactions are quick and secure, giving you better control over your spending. And you don’t have to share any personal or financial information, which can be a worry for many people.

Finding a reputable casino is all about building trust and reducing risk, so you want to make sure the payment process is as simple and secure as possible. Interac gives you the perfect combination for safe deposits and great play with a reputable online casino such as Genesis. We don’t charge any fees for deposits made, so any funds added to your account are completely yours to spend on any of over 1300 games you’ll find at Genesis casino.

Interac Online vs Interac e-Transfer – what’s the difference?

The main difference between Interac Online and Interac e-Transfer comes down to the payment process between you, your bank and the casino (the recipient). There are some other, smaller differences such as fee structure which we’ll explore in a minute.

If you’re looking for a way to pay funds directly from your own bank account safely, then Interac Online is the perfect solution. Interac gives you an immediate and effortless way to make an online casino payment and there are no additional fees - apart from the usual fees your bank might charge for online services.

With Interac Online, payment passes from you (the customer) through a portal, directly to the recipient. The advantage is that you don’t need to provide any personal information which could be stolen by fraudsters and all your online banking information is protected - there are no card numbers, passwords or logins being transmitted in cyberspace. And of course, that makes it much easier to set up as there’s no need to create accounts and try to remember complicated passwords.

Using Interac e-Transfer to deposit at the casino works a little differently. In this case, the payment transaction (sending or receiving money) is between your bank and the casino’s bank. When you use this system, you’re still paying directly with funds from your bank account, but there’s an additional handshake between the two banks, and that means you have to take some additional steps, so it’s a bit slower than Interac Online.

The way it works is that you send an Interac online casino payment that includes an email or mobile number as an added layer of security. And, because the system uses encryption technology and security passwords, this makes it a very secure method for casinos in Canada that accept e-Transfer. Due to the added layers, a typical transfer time is around 30 minutes, but this can be longer for larger sums.

While Interac Online limits will be set by your bank - and some might limit these to perhaps just C$100 as a new user - e-Transfer limits are set by Interac and the casino. The minimum you can deposit using e-Transfer with Genesis Casino is C$10, and the maximum is C$2,500. And for any transaction, Interac sets an e-Transfer limit of C$3,000 in any 24-hours or up to C$10,000 for a rolling 7-day period. There’s also a maximum of C$20,000 in any 30 days. Of course, for both options, you’re limited to the amount of funds available in your bank account.

With Interac e-Transfer, there are fees of C$0.50 per C$100 transfer and C$1.00 for anything over C$100. The fees are for sending funds, but it’s free to receive and to deposit, so you don’t need to worry about losing any of your winnings to transfer fees.

It’s important to note that for both systems, a Canadian bank account with online banking facilities is essential. With Interac Online, you’ll find there’s a limited number of participating banks but that the list is much longer for Interac e-Transfer.

How to make a casino deposit using Interac Online

Making a deposit with Interac Online is really simple and here’s how it works:

• Step 1: go to your payment section and select Interac Online.
• Step 2: select your own bank from the list of participating banks - this will open up the Interac online casino payment gateway.
• Step 3: log in to your bank account as you would normally do for any online transaction.
• Step 4: follow the on-screen steps and confirm the deposit details are correct.
• Step 5: once you see your transaction receipt, you can head back to our website and check that the deposit is now showing up in your account.
• Step 6: you’re ready to play!

Interac alternatives

Although Interac is a popular and secure way to organise your casino funds transfers, there are other choices available. Genesis Casino currently offers our Canadian players 11 different options for deposits and 9 for withdrawals. As well as the usual credit and debit card options, you’ll find others like Paysafe, Ecopayz and MuchBetter.

You can easily deposit at Genesis Casino with a Paysafe card - it’s ideal for anyone wanting to keep to a tight budget as the maximum deposit is C$400. Payment is simple: just enter the amount you want to deposit, and you’ll be directed to the Paysafe website to enter your card information and confirm the amount. Unfortunately, because it’s a prepaid card, it’s not possible to make withdrawals using Paysafe so you’ll need to use one of the other available options.

However, Ecopayz and MuchBetter do allow both deposits and withdrawals. They both use the e-wallet system where you can store multiple cards in a secure environment without having to enter the account information every time you make a payment - particularly useful if you’re trying to make deposits or withdrawals on the go. And, since both allow deposits of up to C$5,000 and withdrawals of up to C$3,000, they make better options for casino customers with larger budgets.