Canadian casino enthusiasts can use Interac. It is a premier Canadian intra-bank network to deposit and withdraw money. It is one of the most popular payment methods for depositing and withdrawing money in Canada casinos.
The introduction of the deposit modality, Loonio.ca, has only cemented Interac’s position in the Canadian iGaming space. The Canadian fintech company Loonio was established in 2022. The Interac-based Interac sub-branded payment gateway makes the gambling scene simple and secure for Canadian iGaming operators and retail and shopping fields as well.
How to Use Interac By Loonio (Or Its Alternatives) At Online Casinos
Depositing Money
Depositing money using your Interac account is pretty convenient. Follow the below-mentioned steps to deposit money at Interac by Loonio casino in Canada:
1. Interac Compatible Option: Play at an online casino that accepts the payment modality Interac. Online casino brands in Canada like Jackpot City, Betinia, Ruby Fortune, Spin Casino, Casumo, and PlayOjo accept Interac. Of these, only Jackpot City, Ruby and Spin accept Loonio proper.
2. Go To Cashier Section: Login to the online casino account that has Interac compatibility. Go to the banking section of the Canada online casino.
3. Choose Interac: The cashier section will open more than one Interac display. Pick the first Interac option that comes up. In most cases, the first one to show up is Loonio. Online casino Cadtree sites in Canada, like Jackpot City, display Loonio as the first Interac option. The next Interac option after Loonio is Gigadat. Many casino sites in Canada show Interac e-Transfer and Interac option. Choose the Interac e-Transfer option over Interac because it is faster than Interac. Gambling enthusiasts should update their email or phone number along with their deposit amount.
4. Complete Transaction: Users can complete their deposit transaction simply by following the prompts. You can receive an email from Interac or the other payment gateway that you choose to guide you through the process.
5. Confirmation: The deposit funds will be available in the casino account once the transaction has been completed. Users can transfer funds into their online casino account almost instantly with payment gateways like Interac and Gigadat.
Withdrawing Money
Winning amount withdrawal at online casinos in Canada is not difficult with Interac.
1. Initiate Withdrawal Step One: Head to cashier section of the online casino in order to initiate withdrawal.
2. Interac e-Transfer: This one option can be used to withdraw money. The Interac Online does not support withdrawal of funds at present.
3. Enter Details: Users must enter the email address, phone number, and withdrawal amount to continue with withdrawal from their online casino account using Interac e-Transfer option.
4. Confirm Transaction: The online casinos in Canada take up to 1 to 24 hours to process the withdrawal. Every casino’s withdrawal policy is different. Even good and verified accounts can take some time to reflect the withdrawal amount.
5. Receive Funds: The account receives the funds directly into their bank account once the process is complete. A confirmation email or notification is sent to the user, mentioning that the withdrawal is completed.