I’ve been gambling over the internet for more than ten years now. I’ve come across a lot of issues, learning how to avoid rogue operators and ensure the software is fair before making a deposit. Unfortunately, the payment processing aspect has been a constant problem.
Over the years, eWallets have come and gone like ants at a picnic. Many credit card companies have chosen to decline payments to Canada online casinos. Easy deposit options like debit cards and prepaid cards are convenient, but can’t generally be used for withdrawals. Facilitating payments in CAD isn’t always an option either, often resulting in costly currency exchange fees.
Late last year, I finally came across a solution to the problem – Interac casino deposits.
Interac Casino Deposits
Any Canadian who’s conducted online banking in the last few years is probably familiar with the name, whether you’ve used Interac eTransfer services before or not. Interac is a service set up by Canada’s premier financial institutions way back in 1984 as a way to quickly and effortlessly transfer funds between branches.
Over the last few decades, the number of banks that participate in the Interac banking system has grown enormously, and now includes more than 250 Canadian banks, trusts, credit unions and other financial companies.
Simply put, if you have a monetary account anywhere in Canada, chances are you’re eligible to use Interac casino deposits. If your bank doesn’t offer Interac eTransfers, maybe it’s time you consider switching to a new branch that accommodates today’s modern times and technology.
Interac Deposits at Canada Online Casinos
Unfortunately, there aren’t too many Canada online casinos that accept Interac casino deposits. This problem arises from the simple fact that, even in 2017, these transfers can only be facilitated from one participating bank to another. And that means they must both be located in Canada.
Canadian law is pretty strict when it comes to online gambling. While it’s perfectly legal to place wagers with offshore websites, provincial governments that regulate and run their own iGaming sites would rather you didn’t.
The government won’t allow any company with offices located in Canada to provide such services to Canadian residents, unless they are authorized to do so by the respective province. And those provinces – British Columbia, Ontario and Quebec (plus Manitoba, through BCLC’s website) – only regulate their own provincial website. Offshore operators are not permitted to apply for a licence.
As such, BC’s Playnow and Quebec’s Espacejeux are the only home-grown Canadian websites eligible for Interac casino deposits. The unfortunate part is that these websites, while perfectly safe, secure and properly regulated, do not offer the same player incentives as international operators.
The other, slightly larger portion of Canada online casinos that offer Interac deposits belongs to websites regulated by the Kahnawake Gaming Commission, which happens to be located in the Mohawk Territory of Kahnawake, Canada.
Because the KGC is operated by, and located within, a sovereign nation – one that is technically located in Canada – these operators can provide Interac casino deposits without abiding by the highly restrictive laws of other provinces.
Therefore, players can make secure Interac casino deposits at sites like Bovada.lv and Slots.lv, both of which are associated with the immensely distinguished Bodog Casino brand.
Other Canada online casinos are able to accept Interac eTransfers, but cannot openly advertise this method f payment. You must contact customer support for information and details on how to make Interac casino deposits and withdrawals.