Best Bookies accepting Interac

Interac is a payment network in Canada. It’s one of the most popular local payment processors, and it accounts for up to 60% of transactions. As a leading POS (Point of Sale) payment method in the country, it provides users with a secure option of paying for online and in-store goods and services.

When users transfer funds, the data distributed only consist of transaction codes and not any confidential account information. Apart from the security it offers, it grants customers a convenient way to make payments. Because it supports EMV (EuroPay, MasterCard, Visa) payments, it won the hearts of users who prefer transactions to be associated with regulated and internationally recognized names.

How to make a deposit with InteracHow to make a withdrawal with Interac
How to make a deposit with Interac

How to make a deposit with Interac

Using Interac’s network for betting is like using many major payment systems that require a connection to a bank account. First, users will have to connect their bank accounts to Interac's network. Then, they will deposit money into their bank accounts. From there, they can use the funds in their bank account as funds in their Interact accounts.

Users also have the option to make deposits via mobile. This gives them the opportunity to fund and/or access their accounts on the go.

Deposit options

A major advantage is, Interac account owners are presented with chip-enabled and contactless-enabled cards once they’re registered to the network. They can use these cards safely.

And since they’re known for their anti-fraud security measures, these Interac cards can protect them from being victims of electronic pickpocketing, duplicating, and other fraudulent tactics. Interac also has an Autodeposit feature made available to selected accounts. It allows users to deposit the funds in their bank accounts to their Interac accounts automatically.

With this feature, users can enjoy the convenience of not having to make deposits constantly while betting. For them to know if they’re qualified to use this feature, they must approach an Interac account representative to have their accounts evaluated.

Deposit limits

Interac allows users to deposit funds to their accounts daily. The minimum deposit amount is $0.01, and the maximum deposit amount is $3,000.

How to make a deposit with Interac
How to make a withdrawal with Interac

How to make a withdrawal with Interac

Making a withdrawal with Interac is similar to the process of making a deposit via the network. First, the user withdraws a specific amount from a betting site to their Interac account. Then, they will withdraw the funds from their Interac accounts to their own bank accounts.

Withdrawal options

To withdraw funds, users can turn to ATMs (Automated Teller Machines) and Interac e-Transfers. And just like when they make deposits, users can also use their mobile devices to make withdrawals.

Withdrawal limits

Interac imposes withdrawal limits based on withdrawal options and the age of users. While everybody is permitted to make transactions using the network, only trusted Interac users can make withdrawals without any limitations. Because of its promise of utmost security to its users, it keeps a close watch on individual users to determine questionable financial activity.

For ATM and direct withdrawals, most users are allowed to withdraw a maximum of $1,000 per day. This limit, though, can be adjusted and set to $2,500 depending on the financial institution involved. Usually, in the case of a major and well-established financial institution, the limit is $2,500.

For users of Interac e-Transfers, the maximum withdrawable amount is $25,000 per 24 hours. Because it offers a higher limit and flexibility, bettors prefer this withdrawal option. Meanwhile, those under the age of 18 are allowed to withdraw a maximum amount of $5,000 regardless of ATM and direct withdrawals or Interac e-Transfers. In case accompanied by adults, this maximum withdrawable amount can be adjusted.

How to make a withdrawal with Interac