iGaming Editor
Loading ...
What are my experiences with Interac? Well, as one of the review team here at Jaxon.gg I’ve had plenty, so I’ve put them all together in this guide to Interac betting sites, so you find the best one.
Here you’ll see the benefits of using Interac, but I’ll tell you about the downsides I’ve encountered too. That way you’ll know what to expect when making deposits and withdrawals. I’ll also talk about fees, whether you can still claim bonuses using this payment option and what to look for in the best Interac bookmakers.
Interac is big news in Canada, and it’s a payment method you can use to transfer funds to sports betting sites without disclosing your card number or bank account details. Strictly speaking it’s not an ewallet, as you don’t need to fund an Interac account, it’s more like a conduit, or a buffer, between your bank account and Interac bookmakers. You don’t even need to disclose your Interac account details either, as it uses your email address or phone number instead, allowing for fast secure transactions, as well as an increased level of anonymity.
The best way to show you how it works is with an example, so I’ll go through the deposit process first. The exact steps might vary slightly depending on the Interac bookmaker, or your bank, but will include something like this:
As with ecoPayz betting sites, there are a few more steps than just using your bank account, but the funds should show in your sportsbook account instantly. The process for making withdrawals is very similar, and I’ve also detailed that below.
Although withdrawals take a little longer than deposits, there are actually fewer steps involved here:
The last step can take 3-5 days, and you should check your sportsbook T&Cs for the exact timescale. While you are there, you’ll also see that you need to verify your account to meet KYC requirements before you can withdraw, so make sure you do that to avoid delays.
This will be the same wherever you go, so whether you are using PayPal, Neteller or PayID betting sites, it would be no different. If you have claimed a bonus, also make sure you have met all the wagering conditions too.
Now you’ve seen the mechanics of how it works, we need to look at the good and bad points of using it. I’ll start with the pros first, this time in more depth.
Not only will you save time not having to fund an eWallet account, like you might with other but Interac deposits are credited to your sportsbook account instantly.
Using Interac at sportsbooks will not incur any fees from the site itself, although Interac may charge you a fee for using the service.
I’ve looked at plenty of betting sites that use Interac, and I’ve yet to see one that lists it among excluded payment methods for bonuses, that means you have a wide choice of welcome offers available to you.
Using Interac means you never share your bank or card details with the bookmaker, giving you peace of mind that if the sportsbook does have a data breach, your details won’t be leaked.
Interac have been around since 1984 so have a long history of being used as a payment method. They have encryption in place, and every transaction is verified with your bank.
As I’ve also seen with Boku betting sites, Interac bookmakers can be hard to find. Also, as Interac is limited to just Canadian users, that is a huge drawback if you are from anywhere else. I should also make you aware that not all banks in Canada support Interac either, so you’ll need to choose your sports betting brand very carefully.
As you can see, I’ve made a fairly strong case for why Interac is a strong option for your sportsbook transactions, but why choose it over other sports betting payment methods? To answer that question, here’s a run down of the other methods you might see at betting sites that accept Interac, with the main factors listed so you can get a clear picture of what will suit you the best.
Method | Deposits available | Withdrawals available | Availability at sportsbooks | Typically usable for bonus offers |
---|---|---|---|---|
Interac | Yes | Yes | Canada only | Yes |
Debit cards | Yes | Yes | Worldwide | Yes |
Credit cards | Yes | Yes | Widely – but not in UK | Not often – Read the T&Cs to check |
EcoPayz | Yes | Yes | Medium | Not often – Read the T&Cs to check |
MuchBetter | Yes | Yes | Medium | Not often – Read the T&Cs to check |
Boku | Yes | No | Rare | Not often – Read the T&Cs to check |
As you can see it measures up pretty well for Canadian bettors, so next I’ll take you through what to look for in the best sites around. The list is a pretty long one, as there us plenty to consider besides payment methods when finding the best Interac sportsbooks:
There is a lot to do here, and I can assure you that using the reviews on this site will make the whole process a lot easier. You’ll get expert insight into each of the Interac betting sites, so you can see easily which is the best for you.
As I found when compiling my guide to MuchBetter betting sites, there are more pros than cons to online betting with Interac. Most of these center on the fact it is only available in Canada, so while the rest of the world misses out, if you are a Canadian bettor, it’s a great option.
There’s also good news when it comes to finding the best Interac betting site, as you can make use of the many sportsbook reviews that are available right here at Jaxon.gg to avoid a lot of hard work. So, you have everything you need to get started now, and the links you’ll find on the banners of this page make that possible with just a couple of clicks.
While you might see Interac listed next to ewallets at online sportsbooks, it is not an ewallet. In practice, it is more a method for transferring funds using an email address or phone number without sharing your bank account or card details.
There are plenty of generous sportsbook welcome bonuses around so you won’t want to miss out on them due to using the wrong payment method. By using Interac, you are very unlikely to be excluded from the bonus offer due to your payment method, but you should always check the T&Cs of the offer just to make sure.
Interac is used, or has been used by the vast majority of Canadians. However, you won’t find it anywhere else. So, if you are outside of Canada, you will need a different option to make fast secure payments without disclosing your bank account or card details.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.