Due to its growing popularity, Interac has become widely accepted at online sportsbooks, offering safe and fast money transfers to sports bettors. Explore our list of Interac betting sites and learn about the pros and cons of using this payment method to bet online.
Benefits of Choosing Interac as Your Prefered Betting Payment Method
Interac is a Canadian service for simplified money transfers. It acts as an e-wallet, allowing quick and secure money transfers from your bank account or debit card, as well as a method for receiving money online.
The biggest advantage Canadian bettors see from Interac is the increased levels of security while maintaining near real-time transaction speed. You can set up biometric authorization, for example, and each transaction has to be authorized by you and your financial institution. Furthermore, by using this service, you’re protecting your debit card details.
There’s an increasing number of betting sites accepting Interac today. As a premier payment method in Canada, it has been widely accepted in the betting industry as a way to accommodate more customers.
How to Make a Deposit for Betting with Interac
Using Interac at sports betting sites doesn’t differ much from other betting deposit methods. It takes just a few steps:
- Sign up for an Interac account.
- Connect either your bank account or your debit card to Interac.
- Choose one of the sports betting sites from this page and sign up if you don’t already have an account there.
- Head to the Cashier and select Interac as your payment method.
- Enter the amount you wish to deposit and verify the transaction through Interac.
Afterwards, just verify that your account has been credited with the selected amount and you’re ready to make some wagers.
How We Choose the Best Interac Betting Sites
For a betting site to even appear on this page, it must support Interac deposits, of course. Aside from that, we look at certain criteria when reviewing Interac online sportsbooks so we can provide you with objective, detailed information on each bookmaker.
Reputation and Security
The very first thing we try to verify with every Interac betting site is how reputable it is. If the bookmaker has a long and storied history, is respected within the betting community, and has a valid license, then it’s one worthy of a recommendation.
Additionally, the betting site should have SSL encryption on its pages and, ideally, offer some extra security features to its customers like two-factor authentication.
Sportsbook Variety
Next, we look at the quality of the sportsbook itself. The betting sites with Interac should offer a solid variety of sports, cover all the popular leagues and competitions, and try to stand out from the crowd by covering some lesser-known leagues and sports. We understand that punters are also looking for a variety of betting markets, so we take those into account when reviewing Interac sportsbooks.
Bonuses and Promotions
From the welcome bonus to daily promotions, bookmakers try their best to make it worth betting at their sportsbooks. In our reviews of Interac betting sites, you’ll be able to read what types of promotions each bookie offers and how lucrative they are.
Aside from the bonus variety, we also consider how difficult is to score those bonuses. New betting sites oftentimes have seemingly lucrative promotions but impose harsh wagering requirements and we make sure to note those in our reviews.
Betting Experience and Customer Support
It’s also important that a betting site is easy and intuitive to navigate. A good layout and clear UI help a lot for a sportsbook to stand out, especially when the bookmakers go the extra mile and optimise everything for the smartphones.
This goes hand-in-hand with the way the bookie treats their customers. At the minimum, the customers at the Interac e-transfer betting sites should be able to get support through email and live chat, any day of the week, and we also like it when there’s multilingual support to accommodate the international crowd.
Disadvantages of Betting Sites with Interac
Interac wouldn’t be as popular as it is if it was a pain to use, or if it wasn’t a reputable service. But, for sports betting, there are a couple of downsides you should be aware of before making it your primary way to deposit at your favourite sportsbooks.
Most importantly, it’s only available in Canada, effectively locking out a massive number of sports bettors out of the system. Even if you’re a Canadian, there’s a slight chance your banking institution isn’t supported (but this is remedied frequently).
Since Interac is treated as any other e-wallet service by bookmakers, it’s not uncommon to face certain limitations at betting sites. These are mostly in the amounts you can deposit and withdraw, but you may also notice that you can’t collect welcome bonus offers or other promotions if you mainly deposit via Interac. Make sure you read the terms and conditions if you’re chasing a particular bonus for this reason.
Most Important Things to Remember when Betting with Interac
Ready to make your first wager at one of the Interac betting sites? Here are a few more quick tips to keep in mind.
Betting bonuses are sometimes unavailable for Interac deposits. Some bookies do not favour customers who deposit via e-wallets, so always read the terms and conditions of their promotions to confirm whether you’re eligible for each promotion.
When betting with Interac withdrawal, fees are inescapable. It is the nature of the platform, after all, but the positive side of it is that the fees are nominal and do not scale with the amount of money that you’re withdrawing or depositing.
Speaking of withdrawals, they’re not as quick as the deposits. While your deposits are processed instantly, expect to wait 3-4 work days for the withdrawals to reach your Interac account.
Of course, keep both your Interac and betting accounts safe. Set up any additional authentication methods that are available and do not give your login information to anyone.
