Best Loonio Casinos in Canada for 2025

This guide to the best Loonio casinos in Canada helps players find trusted operators that support this fast and secure Interac e-Transfer alternative. You’ll discover key details about leading Loonio casino sites, their features and benefits, plus useful insights on competing Interac processors and other deposit methods.

We’ve organized the table below so you can quickly see the points that matter most when choosing a Loonio casino: its ease of deposit via Loonio, its license (Ontario or Rest of Canada), and our overall rating. Everything is laid out to simplify your decision process

Casino Rankings by Loonio Ease Score*

Canada's Top Loonio Casinos

Top Loonio Casinos

CasinoCanada FlagON FlagLoonio Ease ScoreGeneral RatingDeposit
Spin GalaxyYesNoLoonio Ease Score92% 4.5 Stars 4.7
Read Review
🌐 SpinGalaxy.com
Gaming ClubYesNoLoonio Ease Score90% 4 Stars 4.4
Read Review
🌐 GamingClub.com
River BelleYesNoLoonio Ease Score88% 4 Stars 4.5
🌐 RiverBelleCasino.com
Grizzly's QuestYesNoLoonio Ease Score87% 4.5 Stars 4.6
Read Review
🌐 GrizzlysQuest.com
Ruby FortuneYesYesLoonio Ease Score85% 4.5 Stars 4.7
🌐 RubyFortuneCasino.com
*Table sorted by Loonio Ease Score – our internal metric measuring how easily you can deposit/withdraw via Loonio at each casino. The star rating (out of 5) reflects overall casino quality including games, security, and support. See how we rate for more details.

Curated Loonio Casino Highlights

Still wondering which casino is right for you? This list reinforces the key benefits of our top 5 ranked casinos, allowing you to quickly compare their unique strengths before playing:

  • Spin Galaxy: Best overall for Loonio — now operated by Baytree Interactive Limited (migrated from GM Gaming Limited); licensed by MGA and KGC; ~10–15 min withdrawals; welcome bonus 100% up to C$1,000.
  • Gaming Club: Best for low deposits — C$5 minimum via Loonio; licensed by KGC (Canada) and MGA; higher limits after KYC.
  • River Belle: Best for VIP payouts — live since 1997; licensed by KGC (Canada) and MGA; reliable cashouts for loyalty tiers.
  • Grizzly’s Quest: Best high-roller option — operated by Baytree; (ROC focus; Ontario excluded); flexible limits; welcome bonus 100% up to C$2,000 + 100 FS.
  • Ruby Fortune: Best licensed coverage — licensed by AGCO/iGO (Ontario) and MGA, KGC (ROC); Baytree group; fast Loonio payouts.

This list highlights the unique selling points that determined their ranking in the comparison table above.

In-Depth Reviews of the Top 3 Loonio Casinos

Read the following detailed reviews for the online casinos that performed best with our proprietary Loonio Ease Score. These reviews are designed to give you a clear understanding of what each top operator offers Canadian players looking to leverage the speed and security of Loonio transactions.

1. Spin Galaxy: Best for Fast, High-Value Loonio Payouts

A screenshot of the Spin Galaxy Casino cashier, showing Interac as a deposit option with the Loonio payment flow.

Spin Galaxy tops our list due to its superior Loonio Ease Score (92%) and proven commitment to fast Canadian payments. As part of the prestigious Baytree Interactive Limited group, which operates under licenses from the Malta Gaming Authority (MGA) and the Kahnawake Gaming Commission (KGC), the brand offers a blend of international trust and local payment optimization.

New players can claim a generous welcome bonus of up to C$1,000, which is fully eligible with a Loonio deposit. This matched deposit offer provides a significant boost to your bankroll, allowing you to maximize your playtime from the very start.

The casino features a comprehensive game library powered predominantly by Games Global (formerly Microgaming), ensuring access to major progressive jackpot networks like Mega Moolah. Additionally, the site hosts popular titles from Pragmatic Play and live dealer games via OnAir Entertainment, providing a curated yet diverse selection of slots, jackpots, and live tables.

Crucially, Spin Galaxy facilitates some of the fastest Loonio payouts we have tested, often processing withdrawals in 10–15 minutes after internal security approval—significantly beating the industry average. The minimum deposit is set at C$10, and transactions are protected by bank-level SSL encryption.

Pros

  • Highest Loonio Ease Score
  • Verified 10–15 minute withdrawals
  • Exclusive Microgaming/Games Global Jackpots
  • Licensed by MGA and KGC

Cons

  • Standard C$10 minimum deposit
  • Small Microgaming-focused game library
  • Customer support can be AI-assisted initially

Editor’s Note: I was genuinely surprised by how fast my withdrawal was. The Loonio transfer appeared in my bank account in about 15 minutes after the casino approved it—a massive win for anyone who hates waiting.

2. Gaming Club: Best Loonio Casino for Low Deposit Players

Screenshot of the Gaming Club Casino cashier, highlighting the Loonio option which is clearly labelled as the 'best choice for Canada' for quick deposits.

Gaming Club earns its high spot for making Loonio transactions highly accessible to all budget levels. This veteran operator, licensed by the Malta Gaming Authority (MGA), as well as the KGC, is renowned for its low barrier to entry, specifically offering the lowest verified Loonio deposit minimum in Canada.

For players testing the waters or managing a small bankroll, Gaming Club allows deposits as low as C$5 via the Loonio Interac e-Transfer system. Players at Gaming Club can take advantage of a welcome bonus of up to C$350 on their first deposit. The platform provides a focused selection of casino games, including popular slots and table classics, all adhering to fair play standards certified by independent auditor eCOGRA.

In terms of banking, Gaming Club supports a wide range of local methods, including Interac and various credit/debit card brands, ensuring easy funding. Payouts are generally processed quickly for established members, making it an excellent choice to start small while still benefiting from fast Loonio transactions.

Pros

  • C$5 Minimum Deposit via Loonio
  • Low barrier to access Microgaming titles
  • Certified for fair play by eCOGRA
  • Excellent responsible gaming tools

Cons

  • Lower overall welcome bonus value
  • Design is older than newer competitors
  • Withdrawal limits are capped lower for average players

Editor’s Note: I was impressed that even with a C$5 deposit, I was able to access the full welcome bonus offer and try out a good selection of games. It’s the perfect way to test a casino without a big commitment.

3. River Belle: Best for VIP Payouts and Historical Trust

A screenshot of the River Belle Casino cashier showing the exact payment option labeled as 'Interac e-transfer request for money' for withdrawals.

River Belle is the veteran on our list, having been live and operating since 1997. Its decades of reliable service are backed by its ownership under Digimedia Ltd. and its long-standing MGA and Kahnawake licenses. This longevity and consistency make it a highly trusted name, particularly among high-tier and VIP players who demand guaranteed, reliable cashouts.

New players at River Belle can claim a bonus of up to C$800 on their first deposits. This substantial matched bonus allows you to explore the entire casino and its games with an expanded bankroll, making it a powerful offer to get started.

Like its sister brands, River Belle features a robust game catalog primarily driven by Microgaming (Games Global) and enriched with live dealer options from providers like Evolution Gaming and Pragmatic Play Live.

Crucially, River Belle is specifically rated highly for its reliable cashout process for loyalty tiers, ensuring that high-volume players in the Platinum or Diamond levels experience prompt Loonio withdrawals. While the standard withdrawal time adheres to the 30-minute to 24-hour industry benchmark after the 24-hour pending period, the platform’s experienced management makes it a dependable choice for large or frequent Loonio transactions.

Pros

  • Operational since 1997 (High Trust/Experience)
  • Reliable cashouts for high-tier loyalty members
  • Features major Live Casino providers (Evolution)
  • Licensed by MGA and KGC

Cons

  • Standard 24-hour pending time for all withdrawals
  • Lower weekly withdrawal limit for new players
  • Requires registration to view the full game lobby

Editor’s Note: When it comes to a casino’s longevity, River Belle’s reputation speaks for itself. My experience felt smooth and secure, and it’s reassuring to know this is a platform where loyalty is truly rewarded with reliable cashouts over the long term.

Loonio Transaction Data: Limits, License, and Payout Speeds

CasinoLicense (AGCO/MGA)Min. Loonio DepositMax. Loonio PayoutStated Withdrawal Time (Post-Approval)Key Advantage
Spin GalaxyMGA/KahnawakeC$10C$10,00010–15 minutesHighest Loonio Ease Score; Fastest VIP Cashouts
Gaming ClubMGAC$5C$4,00030 minutes – 24 hoursLowest Minimum Deposit via Loonio (Budget Friendly)
Ruby FortuneAGCO / MGAC$10C$5,00030 minutes – 24 hoursDual-Licensed Trust; Ontario-Ready Payouts
Grizzly’s QuestKGCC$10**C$20,000+**30 minutes – 24 hoursBest for High-Rollers ($20k+ weekly limit)
River BelleMGA/KahnawakeC$10C$10,00030 minutes – 24 hoursLongest Operating History; Reliable VIP Service

This page — including its loonio banking compatibility list, payout speeds, and Interac-related details — was fact-checked by Lucy Adegbe from Investopedia. See our About Us page for Lucy’s background and our editorial policy for how we verify content.

Our Loonio Ease Score Methodology

The **Loonio Ease Score** is our proprietary metric (scored 0-100%) designed to rank casinos based purely on the speed, efficiency, and security of the Loonio payment process. This score determines the primary rank order of the table above. The score is calculated based on these four weighted factors:

FactorDescriptionWeighting
Withdrawal TimeFastest stated cashout time for Interac payment methods.40%
Minimum DepositLower minimum deposits are scored higher (e.g., C$5 gets a better score than C$10).25%
In-Cashier FlowSeamless integration (fewer clicks/windows) inside the casino cashier.20%
Withdrawal AvailabilityWhether Loonio/Interac is available for both deposit and withdrawal.15%
Total Score Weight100%

By detailing our calculation, we ensure our rankings are transparent, trustworthy, and serve as the most objective resource for Loonio users.

What is Loonio?

Loonio is a new way to send money to a casino using Interac — no credit card, no account setup, just your bank. It’s built directly into the cashier at a growing number (200+) of Canadian gambling sites [1]. Deposits and cashouts are usually near-instant, with no conversion fees or exchange rate surprises. Forum and Reddit sentiments are also exceptionally good [2]. The bottom line is if you’re tired of delays or sketchy crypto wallets, Loonio casinos keep things fast, simple, and familiar.

The Loonio e-Transfer Service

Loonio.ca offers a state-of-the-art online service that provides Canadians with fast and convenient payments. Unlike foreign banking options, the Loonio e-Transfer solution operates within Canada’s financial ecosystem, offering payments via Interac’s 300+ online banking partners[3].

Contrary to misconceptions, Loonio and Interac e-Transfer aren’t the same. Loonio is a third-party service that leverages Interac’s e-Transfer system to facilitate payments.

In terms of usability, Loonio is just as simple and familiar as using a standard e-Transfer. You still get to use your own online banking data and make payments directly from a secure bank environment. The key difference is that with Loonio, you never have to provide the casino with any sensitive customer data—only your online banking login is required [4].

🟢 Why Loonio Stands Out

Though Interac partners with several other platforms to provide fast online banking payments, Loonio e-Transfer stands out for several reasons. These include:

  • Rapidity: Loonio provides quick access to funds by simplifying the deposit and withdrawal process. In terms of numbers, Loonio processes payments in minutes. Deposits are near-instant, and withdrawals typically take no more than 10–15 minutes — and that’s only if you’re unlucky or haven’t completed KYC. These near-instant transactions, which Loonio has come to be known for, enhance the overall player experience.
  • Protection: Loonio facilitates transactions via secure banking systems. Your funds and financial data are protected with bank-level security. Players don’t need to share their online banking log details with the casino when processing Loonio payments.
  • Ease: Loonio provides two-way transactions for Canadian gamblers. The same online banking method can be used for both online shopping and gambling online. Impressively, Loonio e-Transfer is now available at a growing share of the Canadian online gambling market.

Best Interac Alternatives for Ontario’s Regulated Market

Most of the casinos we feature are focused on the Rest of Canada (ROC), but we know many readers play within the regulated Ontario market. Since Ontario has strict rules (AGCO/iGO), you need specific, compliant sites.

While the online casinos in canada below use Interac by Payper Inc.—a powerful alternative to Loonio —they offer the same security and speed you expect. This list is your trusted guide to finding reliable options within the regulated Ontario border.

Recommended Interac Casinos (ON+ROC)

How Loonio Works with Online Casinos

Let’s get a bit more practical on how to use Loonio for casino deposits and withdrawals. As mentioned earlier, Loonio e-Transfer is supported at most popular Canadian casinos. So how do you make a deposit?

1. Find a top casino with Loonio payments and sign up. Platforms like Betway, and Gaming Club currently support the use of Loonio e-Transfer.

2. Open the cashier to view the available payment methods and Choose Interac®.

Loonio deposit screen on Betway

3. You’ll be redirected to a new page to fill out details like name, email, and amount.

4. Loonio.ca will send an email to accept or decline the transfer. Click “Accept request.”

Betway deposit amount selection with Loonio ca

5. Choose your online banking institution and complete the payment transaction by following the on-screen prompts.

Loonio.ca deposit steps

Bank Compatibility with Loonio

In case you’re wondering which Canadian banks work with Loonio, here is a sample of supported banks:

  • RBC Royal Bank
  • TD
  • Tangerine
  • Simplii financial
  • ScotiaBank
  • Peoples Trust
  • National Bank
  • MotusBank
  • Meridian
  • Laurentian Bank
  • Coast Capital
  • CIBC
  • BMO
  • ATB Financial

The list is non-exhaustive. As you may already know, Interac collaborates with 250+ commercial banks and credit unions. This countrywide infrastructure allows Loonio to process casino payments via most financial institutions. Especially since the “Big 5” Banks are supported. At a brand like Gaming Club, you can make Loonio payments through 50+ well-known commercial banks and credit unions. But remember, some institutions may be unavailable in your territory or province.

Step-by-step process to withdraw winnings with Loonio:

Loonio can also be used for withdrawals. Follow these steps:

1. Open the casino’s cashier page, then click the Withdrawal tab.

2. Choose Interac® as your preferred payout method.

3. Enter the minimum amount to withdraw. This may vary between different casinos.

4. You’ll be redirected to a Loonio page to choose the receiving bank account.

5. Follow the simple prompts to complete the withdrawal request via Loonio.

How to Identify a Loonio Payment

If you’ve been asked to provide proof of deposit, your bank receipt might list something unexpected like a numbered corporation or a strange-looking reference number. That’s normal. The exact message and reference format will depend on whether your Interac deposit was processed by Loonio, Gigadat, or a Request Money flow.

Here’s how to decode what’s on your receipt — and figure out which provider handled your transfer:

ProviderMessage FormatReference FormatCommon Recipient Name
Gigadat (e-Transfer)eXXXXXXXCAxxxxxx / C1xxxxxxUsually appears as “Gigadat Inc”
Loonio (e-Transfer)01XXXXXXXXCAxxxxxx / C1xxxxxxMay appear as “Loonio.ca” or under a corporate name
Request Money (Loonio or Gigadat)Variable (e.g. CA1Mxxxx)CA1Mxxxxxxxx (12-digits)Same as above, but receipts often lack proper reference

If you’re ever unsure, try matching the reference number or recipient name with the one your casino support team is asking about. Still stuck? Ask your bank for a full Interac receipt or contact the payment provider directly — it can save you hours of back-and-forth.

User interface and experience

Loonio features a clean and straightforward interface that allows for easy navigation. You don’t need to input your card number to make a payment. Simply go to the cashier page and choose Interac® by Loonio to complete the payment using your mobile/online banking details.

Loonio also provides step-by-step instructions when making your first deposit. It’s something that even a first-time online gamer should be able to complete in seconds. Users also have the option to customise certain aspects of their transactions, such as setting spending limits or choosing preferred methods of authentication. This adds to the overall convenience of the service.

New SimplePin Integration

As part of its plans to grow and diversify, Loonio has teamed up with SimplePin, a well-known payment solutions provider, to step into the insurance sector. This partnership is all about making payment processes smoother, faster, and more secure for both insurance providers and policyholders. By tapping into SimplePin’s cutting-edge technology, Loonio not only aims to streamline transactions but also expand its footprint into the insurance market—adding to its already strong presence in eCommerce and online casinos.

Transaction Limits and Processing Times

The transaction limit for Loonio e-Transfers varies between casinos. For example, the minimum deposit via Interac Loonio at Gaming Club is $5. Betway, on the other hand, allows players to deposit a minimum of $10. The amount also varies with withdrawals. So, confirm the casino’s payment limits before transacting.

Deposits via Loonio typically reflect instantly, and most withdrawals are processed within minutes — though some casinos may take up to 30 minutes depending on internal approval times. Compared to traditional bank transfers or Gigadat, Loonio is noticeably faster and more reliable during peak hours. Refer to our list to compare and find the best online casinos that process fast withdrawals via Interac Loonio.

Loonio Security Measures and Protocols

Loonio’s rise to the top hasn’t been a fluke. This online banking service prioritizes player security by ensuring all payment transactions happen within a safeguarded environment. This e-Transfer online banking system uses bank-grade encryption to ensure your transactions and banking details are safe from third-party access.

Loonio.ca Player Reviews (New: Includes Reddit)

Recent Reddit discussions show cautiously positive sentiment toward Loonio.ca. Some players highlight its speed advantage over competitors like Gigadat. In general, users report significantly faster e-Transfer processing times, though some note potential delays during weekends. Based on the frequency of Reddit threads, it appears there is growing interest in Loonio-supported casino sites, as well as anticipated integration with major platforms like Stake — though this is still unconfirmed.

Anyone try the new Interac called Loonio? Apparently it’s super fast and coming to Stake soon
byu/Simple_Day8591 inStake
FYI: Loonio e-Transfers were 10x faster for me than Gigadat – avoid weekends with them at all costs
byu/WorkRevolutionary640 ingambling
Any decent Loonio casinos in Canada yet?
byu/gourmand365 inLoonioCanada

Understanding “Interac Rails”

The banking sector in Canada and worldwide is constantly evolving to become more secure and streamlined. In March 2021, Payments Canada announced Interac as the operator of the newly launched RTR (Real-Time Rail) system. Interac had to undergo serious scrutiny and vetting by the Bank of Canada before being assigned the role.

But what exactly is RTR? You can read our full profile here, but it’s essentially an exchange solution run by Interac that allows members of Payments Canada to facilitate real-time payment (RTP) messages. It uses Interac’s existing infrastructure in the country’s financial ecosystem, connecting 250+ financial institutions. The idea is to provide real-time payments across commercial banks. Canada is scheduled to join other 70+ countries that have embraced real-time payments.

The US launched its own RTR system in 2017, operated by Clearing House. It has since become the preferred system for business owners and consumers seeking real-time payment settlement.

Here’s how Loonio and other payment service providers can benefit from Interac Rails:

  • Wider connectivity: Loonio and other online banking payment methods can access Interac’s network of 250+ financial institutions, which served 27.6 million active monthly users in 2023, representing 68% of Canada’s adult population.
  • Safety assurance: The BoC monitors the Interac RTR system. This reliable institution has been around for more than eight decades. The involvement of BoC promises safety for all participating Payments Canada members.
  • 24/7 availability: Once operational, the RTR will enable true real-time settlement (under 15 seconds) for casino payouts. This offers a significant improvement over the current 30-minute delays of Interac e-Transfers or the days-long processing times of traditional bank wires.

The 5 Main Interac Products for Canadian Online Casinos

Besides Loonio, several other fintech products leverage Interac’s e-Transfer system to provide online gambling payments. Here are some of the top five options, with an in-depth review of each, below:

Gigadat

Gigadat solutions homepage

Interac by Gigadat is arguably the closest competitor to Loonio. This online banking solution has been active in the Canadian gambling sector for 3+ decades. Gigadat provides casino players with a safe and secure environment to make swift payments through the e-Transfer system. It partners with 200+ local financial institutions.

Impressively, Gigadat e-Transfer supports overseas transactions. Interac by Gigadat supports casino deposits and withdrawals using only your online banking details.

Payper

Payper.ca homepage

Payper Inc. is another reliable alternative to Loonio e-Transfer. It’s a new Canadian financial service provider founded in 2022. Despite its new stature, this company has become popular for its revolutionary approach to providing cashless payments. Payper offers a wide range of dynamic payment solutions, including Interac e-Transfer, Digital Cheque, Visa Direct, and Mastercard Send.

That said, Payper e-Transfer offers fast and real-time payments to casino players. However, its primary selling point is the weekend payment processing. Players can transact via Payper e-Transfer on weekends and public holidays. What’s more, its systems use advanced push payment and ML (machine learning) algorithms to detect and prevent fraud in real-time.

PayDirect Now

Pay Direct Screenshot

PayDirect has been providing financial services in Canada for 35+ years. It’s a secure payment method that’s powered by Interac e-Transfer. PayDirect partners with hundreds of casino sites in Canada to provide gamers with safe and instant payments. It processes free deposit and withdrawal services through tens of financial partners, including Remit Payment.

This online banking method stands out for its high safety standards. It uses the data protection standards set by the American Institute of APA to ensure SOC 2 Type 2 compliance. In addition, PayDirect Interac payments are within seconds and available around the clock. Moreover, there’s 24/7 technical support if you experience transaction delays.

Instadebit

Instadebit service home screen

Instadebit is another excellent Interac alternative launched in 2003. This Canadian payment service provider is designed exclusively for players looking to experience convenient online banking. Since 2021, Instadebit has used Interac e-Transfer to process online casino transactions, leveraging its existing banking infrastructure for near-instant deposits. You only need to provide your date of birth and the last four digits of your SIN number to get started here.

Meanwhile, signing up for Instadebit is absolutely free. Also, funds typically reach bank accounts within 1-5 days. That’s not all. You can use either USD or CAD to transact with the casino. This is a significant plus when playing at offshore casinos with multiple currency options. Instadebit payments are BoC-protected and secured by VeriSign encryption protocol.

iDebit

idebit service description

iDebit operates similarly to Instadebit. It functions as an online banking intermediary that uses Interac’s legacy systems (and not yet RTR) to facilitate secure casino payments via direct bank transfers. iDebit provides players direct and secure access to their online banking accounts. The good thing about iDebit casino deposits is that you don’t need an account. Just choose iDebit at the casino cashier and pay using your online banking account. You’ll need an account to withdraw casino winnings, though.

Another difference between iDebit and Instadebit is that you don’t need to fund your iDebit account to transfer money. This makes it a faster and more convenient option because Instadebit deposits can take 3-5 business days. Remember, iDebit withdrawals often have a $2 flat fee. Instadebit also allows access to more financial institutions. But in the end, choose what is convenient for your gaming needs.

Regulatory Landscape

Canada takes a more liberal approach to real-money gambling. In 1969, the government amended the Criminal Code to allow individual governments to regulate this activity. You can sign up at any offshore casino and use Loonio e-Transfer or any local payment method. A similar approach is used in the US, where online gambling is legal on the state level. Conversely, gambling in the UK is under the national government.

In Canada, the Proceeds of Crime (Money Laundering Act) of 1991 regulates all real money transfers. This law requires payment services and gaming establishments to verify their customers’ identity and funding source. That’s why Interac and other payment solutions subject users to KYC processes. Online casinos also do this before processing payouts.

Once you’ve identified your identity and source of funds, you can transact online via Loonio, Interac e-Transfer, and other services. In fact, you can use any currency to deposit and withdraw wins from your casino account. That’s very different from countries like India, where the law requires all online casinos to process player payments in Rupees.

Security and Fraud Prevention

Online fraud is a serious global problem nowadays. In 2022, the Canadian Anti-Fraud Center reported that Canadians had lost over $530 million to online fraud. Another report by Payments Canada in July 2024 revealed that 13% of Canadians had experienced fraud in the last six months. If these reports are anything to go by, online fraud in Canada is pervasive.

Luckily, Loonio and other e-Transfer services provide more security features than just KYC. These payment methods use multiple security layers to ensure maximum player protection. For example, you must enter a private security answer to complete an Interac Loonio transaction. Customers must also sign an electronic PAD agreement to confirm casino payments.

Most importantly, Interac and Loonio payments offer bank-level security. All payments are processed via your bank’s online banking ecosystem, which the casino and Loonio cannot access. In other words, everything stays secure and private between you and the bank. This structure also makes tracing erroneous transactions more straightforward for your bank.

You must also play your part in ensuring secure online casino transactions. Here are some security practices to observe when playing real money casino games:

  • Play at a reputable and licensed site protected by encryption technology.
  • Create a strong and unpredictable password for your online casino account.
  • Use the casino’s two-factor authentication (2FA) for an additional security layer.
  • Don’t share details like your bank account PIN and complete SIN number.
  • Confirm all Loonio and Interac e-Transfer requests before approving payments.

Impact on Online Casino Industry

So, how have Loonio and other e-Transfer methods shaped the iGaming sector? For players, Interac payments couldn’t have come at a better time. With more offshore casinos accessing the market, playing at a casino that supports local payments is reassuring. Interac is the most accepted payment service in CA for its convenience and security features.

In addition, casino payments are now more efficient. Options like Loonio and Payper have transformed the experience for Canadian players by making Interac-based deposits and withdrawals nearly instant. Gone are the days of waiting 1–3 business days for a payout to hit your account. In many cases, Loonio cashouts land in under 5 minutes — making it one of the fastest ways to get your winnings in Canada.

Introducing Loonio and other Interac payments to the gambling scene is a win-win for players and casino operators. While players enjoy faster and more secure payments, operators receive many new members. The government is also taking its cut from increased revenues. The industry can only grow further with more convenient payment services.

Comparison of Fees and Limits

All gamblers would easily choose a casino payment method with zero or low fees. However, this might come at the expense of high transaction limits. That’s where Loonio by Interac comes in. This service lets you transact with any casino free of charge. Still, confirming if the casino has any transaction fee before signing up is vital.

We can say the same about Instadebit, which doesn’t charge players fees. Instead, the merchant will pay a transaction fee on your behalf. iDebit deposits are also free, although payouts may attract a $2 charge. Do you think that’s too much? Well, Bank Wire transfers at most Canadian casinos can attract a fee of between $15 and $40.

As for the transaction limit, your local bank will often set this amount. The minimum you can transact with Loonio is usually $5, while the maximum could hit $20,000. Instadebit, on the other hand, offers even a higher transaction limit of $50,000. These limits are perfect for both high rollers and the average Joes.

Tips for Players to Minimize Fees and Maximize Convenience

Paying those hefty transaction fees every time you withdraw a payout can be frustrating. Thankfully, there are several tips to help you avoid these inconvenient fees and enjoy maximum wins. Let’s quickly list some of them:

  • Don’t deposit or withdraw significant amounts to avoid higher transaction charges.
  • Avoid using Bank Wire and cards as these options often have transaction fees.
  • Use e-wallets and cryptocurrencies as alternatives to Loonio and e-Transfer.
  • Carefully read the casino’s payment terms to confirm there’s no transaction fee.
  • Confirm all transactions because cancelled or refunded payments can attract a fee.

Future of Online Casino Payments in Canada

The launch of Interac’s Real-Time Rail system was a turning point for online transactions in Canada. It streamlines online banking to become faster and more secure, making it an excellent alternative to e-wallets and payment cards.

Thanks to Loonio and other e-Transfer services, you can enjoy faster bank payments without sharing vital details. This fintech masterstroke will continue to attract more players and grow the iGaming space.

However, Interac-powered payment methods like Loonio and Gigadat aren’t alone. Digital coins like Bitcoin, USD Tether, and Ethereum are quickly becoming player favourites these days. Unlike Interac and other government-regulated traditional options, cryptocurrencies are decentralized payments. Therefore, no one will be snooping on your payments. Select crypto wallets are also available for iGaming.

Here is a brief recap of some cryptocurrency benefits in gambling:

  • Anonymous payments without bank/government tracking.
  • Fast transactions due to the lack of payment approval from anyone.
  • High-level security using blockchain technology.
  • Available to use at most new offshore casinos.
  • Bigger cryptocurrency casino bonuses than fiat currency deposits.

Overall, the availability of more convenient payment methods is a significant win for CA players. Expect to see even more interac online casinos as payment service providers scramble for customers. Let’s not forget the revolutionary e-wallets available at almost any casino nowadays.

Conclusion

Interac’s influence in the Canadian digital transaction space will only strengthen with the introduction of the RTR system. Other payment methods like Loonio, Payper, and Gigadat offer fast, convenient, and secure money transfers at online casinos. Interac Loonio’s widespread acceptance and local regulation also makes it a preferred choice for Canuck VIP players. Quick transactions enhance Loonio’s general appeal of providing efficient gaming experiences.

As a casino player, staying updated with the latest payment methods added to the “Rail” system is vital. This can help you choose a payment channel that perfectly aligns with your transaction needs. Also, make sure to follow the country’s ever-changing regulatory landscape and practice the transaction safety tips listed in this guide. The iGaming payment space in Canada is entering a new era. Don’t be left out.

No, there are zero fees charged by the Loonio service itself for transactions in Canada. Casinos usually absorb the fee, which is why we recommend checking the cashier before playing.

The standard minimum deposit is C$10, but certain casinos like Gaming Club have a verified minimum deposit of just C$5 when using Loonio.

This is usually a temporary bank or gateway issue. Wait 15 minutes and retry. If funds left your bank but didn't arrive, contact the casino support team first with your reference number.

Yes. Dual-licensed casinos like Ruby Fortune and AGCO-only sites ensure the Loonio/Interac flow meets all provincial regulatory standards.

Limits vary by casino, but most high-tier sites allow up to C$10,000 per transaction. High-roller sites like Grizzly's Quest offer limits up to C$20,000+ weekly.

The Loonio Ease Score (0–100%) is our proprietary metric measuring the efficiency of the payment flow. It is weighted primarily on withdrawal speed, minimum deposit, and the number of clicks required in the cashier.

Citations

  1. “My Favourite Loonio Casinos for Canadian iGaming” by Taylor Park
  2. Reddit thread: “Switched from vanilla Interac to Loonio.”
  3. Interac Corp. – Company Overview
  4. Durhampost.ca

Authors

  • Donna Dorsa is a veteran practitioner of the linguistic arts. As an independent writing and editing professional, she's spent more than 15 years researching and playing an active role in Canada's iGaming industry. The daughter of a novelist and electrical engineer, her passions include creative literature, mathematics, game theory, and sitting around the table with her family for a good old-fashioned card or board game. In her spare time she runs a 3D printer business from home. Here is her Patreon. You can read her bio on Muckrack and find her socials on our meet the team page.

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    If you see this author box, the content you're reading has been edited and fact-checked for accuracy by Lucy Adegbe. Lucy brings extensive experience from Investopedia and is a recognized personal finance and crypto expert. She honed her skills at Guru Capital and later contributed as a blockchain writer and crypto journalist to Paychant, (a novel payment gateway backed by Celo). She also worked at DeFi Planet, Spherium Finance, and CRD Network. At eCheckCasinos.ca, Lucy ensures all our articles meet the highest standards of financial accuracy and expertise, directly contributing to the trustworthiness you can expect from our content.

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