Online Betting » Best Interac Sportsbooks

Best Interac Sportsbooks & Betting Sites in 2024

Dave Kuzio
Editor
Fact checked by: Jim Knight
Last Updated on 09.05.2024

As a bettor in Canada, you’re probably looking for a secure and user-friendly payment method for your sports betting needs. Interac sportsbooks offer an e-payment system to meet that need, and surely you’ve heard of it once or twice already.

Here, we show you how Interac works for bettors in Canada. Our review highlights three Interac betting operators, key Interac features, how to create an Interac account, alternative payment services, and even how to add Interac funds to your betting account. Have a look below to find out more to see if Interac serves your betting needs.

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Compare the Best Betting Sites with Interac Deposits

What is Interac?

Interac is an e-transfer payment method, and one of the first electronic payment methods to be developed in Canada. For that matter, it’s important to note that Interac only works with Canadian dollars.

How does Interac Work?

This payment system works by simply connecting your Interac account to your bank account. In relation to Interac betting sites, this enables you to add or withdraw funds from your bookmaker account by using your email address.

Three Great Interac Betting Sites to Start

We checked out how Interac works with some of the best betting sites online. Three major sports betting companies – ComeOn, Betvictor, and Leovegas – caught our attention. Let’s take a look at the results, including the pros and cons of using Interac payments with these operators.

ComeOn- Established Interac Operator

comeon sportsbook overview
Try sports betting at ComeOn
comeon mobile
ComeOn mobile sports betting
  • Instant transactions
  • Zero Interac fees
  • Secure Interac payments
  • Interac works with 500% welcome bonus
  • Interac deposit system sometimes slow
  • Minimum $20 withdrawal
.

ComeOn Sportsbook is available for bettors in Canada, where they integrate well with bettors using the Interac payment system. Interac deposits and withdrawals are both instant, with zero fees attached. At this bookie, you can deposit from a minimum of $10, and there is no maximum deposit amount, but they do raise the minimum withdrawal amount to $20.

Interac works with the ComeOn Android mobile betting app, where you can take advantage of the ComeOn 500% welcome bonus, just as you would on the main site. If you deposit $10, ComeOn credits a $50 sports bonus. We think this generous bonus marks ComeOn as  one of the top Interac bookmakers.

We found the Comeon Interac deposit process easy to figure out. A clear set of menu screens made it simple to decipher where to click next. We simply had to go to our account, click on “Deposit” and then choose from the payment options available. The deposit process was not as quick as we’d expect from a top tier sportsbook, but this is a minor issue. One thing we appreciated was the need for users to create a security question and answer for deposits, which gave more peace of mind that our transaction was secure.

Betvictor – Reliable Interac Site

betvictor main
Experience fun sports betting at Betvictor
Betvictor sport overview
Choose from various betting markets at BetVictor
  • $10 minimum deposit
  • User friendly Interac deposits
  • Claim $400 bonus with Interac
  • Deposits processed immediately
  • Complex website menus
  • Desktop is clunky with Interac
.

Betvictor is a top Interac sportsbook with a full range of sports and associated betting options. Their Interac transaction processing was on point: deposits are smooth and hassle-free. You can make an Interac deposit from $10 up to a $50,000 limit, which is immediately added to your account. That upper limit is quite high, which caters nicely to bigger bettors. Along those same lines, if a sports welcome bonus is of interest, the Betvictor 100% up to $400 deposit match bonus is compatible with Interac deposits.

The overly complicated Betvictor menu system can make it fiddly to get started with Interac deposits. However, once you get to your deposits, with a few simple clicks you will be able to access Interac buttons, start depositing, and begin betting with Betvictor.

Overall, we rate Betvictor among the best Interac sports book makers due to a low minimum deposit amount, speedy transactions, and the fact that you can use Interac to take advantage of a 100% sign-up bonus.

Leovegas – Diverse Interac Betting

LeoVegas sport bet
Choose from various betting markets at LeoVegas
LeoVegas Live sports betting
Try live sports betting at LeoVegas
  • Well designed, clear Interac webpages
  • Interac and Interac e-transfer payments
  • Smooth Interac navigation
  • Welcoming user interface
  • Interac screens lack detail
  • Limited selection of payment methods

With its distinctive orange branding, Leovegas stands out among Interac betting operators. Their site has a smooth navigation and layout, with instant and easy to use Interac payments in just a couple of clicks. We found it easy to click between the options during an Interac deposit. The transaction process felt intuitive, with a series of simple logical steps to add funds.

At LeoVegas, you’ll find two payment options available for Interac: Interac and Interac e-transfer. The minimum and maximum deposits here are the same for both: $10/$3,000 respectively. The main differences are that your e-transfers are fee free, while the other main option could charge you up to $1, and you can’t make e-transfer withdrawals.

How to Create an Interac Account

To sign up as a new Interac user takes a few easy steps, and involves having a personal Canadian bank account that supports Interac payments.

  1. Login to your online banking on a desktop or mobile device.
  2. Choose “Interac e-Transfer”
  3. Enter your email address or a Canadian registered mobile phone number.
  4. Select your bank account that you want to connect with Interac.
  5. Verify your registration with a code via email or SMS.

Now your account is set up and ready to use with your preferred Interac bookmakers.

Interac Payment Services

Interac is a popular payment method in Canada, and it presents itself in various useful forms to provide for several types of transactions. Interac users have various services at their fingertips.

  • Interac Cash: This service lets you withdraw cash from a compatible Automated Banking Machine in Canada.
  • Interac e-Transfer: Sign in to your online banking, either online or on a mobile device. Use your mobile number or email to sign in.
  • Interac Debit: Interac has a debit card that functions just like a bank debit card.
  • Interac Online: Link this service to your online banking to make quick transactions.
  • Interac Flash: A contactless debit card. Simply tap your card without entering a PIN.
  • Mobile Payment Systems: Connect your Interac account with your chosen mobile payment service, whether that is Google Pay or Apple Pay.

Now that you have a list of potential payment services, let’s find out how to deposit with Interac.

How to Add Funds to Interac Bookmakers

Login to your preferred Bookmaker account and go to your account admin section.

  1. Choose ‘Interac’ as your deposit method.
  2. Enter the amount you wish to deposit into your sportsbook account.
  3. Click on “Generate Payment Details”.
  4. Login to your personal banking platform (via app or website) to make the e-transfer with the details provided by the betting site.
  5. When your deposit gets confirmed, it is credited, and you can start betting almost straight away.

Interac Features

The best Interac betting sites not only offer this convenient payment system, but seamlessly integrate features you would expect. What are the key features of Interac as a sports betting payment method?

Mobile Facility

The majority of top betting apps in Canada allow Interac deposits. Interac works on mobile devices, allowing easy deposits and withdrawals when you’re away from home.

Deposits and Withdrawals

When you visit a betting site, you’re presented with numerous Interac deposit and withdrawal options, like Interac Debit, Interac e-Transfer, and Interact Online. Deposits with Interac are usually instant, although Interac currently supports one currency, the Canadian Dollar (CAD). It’s important to check which ones are available, as not all naturally support withdrawals along with your deposits.

Offers

Interac usually works with online betting bonuses. Major bookmakers have incorporated Interac into their bonus terms, so you will not face any issues when claiming a bonus or promotion. Depending on the site, you can discover promotions ranging from an initial new customer welcome bonus to ongoing offers such as free bets or deposit match bonuses.

Player Security

Secure transactions are important in online betting. You can expect detailed verification, such as 2FA and user verification checks, to ensure the security of your personal information. To maintain your Interac and betting account security, update passwords at regular intervals, enable 2FA, and check your account history for any suspicious transactions.

What Else to Look For at Interac Betting Sites

When you start betting with Interac, these factors are key to your choice of the best Interac betting site.

Competitive Odds

Even with the ability to deposit and withdraw with Interac services, you should still shop around between sportsbooks for the most competitive odds on each selection to make sure you are stretching the potential value of your payments and bets as much as possible.

Interac Transaction Limits

Deposit limits usually range from $10 to $20 for each transaction. With regards to withdrawal limits, these also vary between operators. Consider that some operators require you to deposit with Interac in order to then withdraw with Interac.

Withdrawal Times

Interac is well known as a quick way to transact on a betting account. It’s worth checking for bookies that offer the quickest withdrawal processing times. A typical timeframe is within 1 to 2 days for the funds to reach your bank account.

Range of Sports Betting Options

A wide array of bet types, like in-play, accumulators/parlays, and ante-post bets, are useful to have available with any Interac bookie. On top of this, the inclusion of niche sports and events signifies a well-rounded Interac betting site.

Customer support

A betting company should have readily available customer support. Time is of the essence when it comes to sports betting, so look for easily accessible support via live chat, phone, email, and social media.

Interac Betting Sites Compared to Other Payment Methods

We looked at how other online betting payment methods compare to Interac in terms of transaction fees and their advantages and disadvantages.

Interac fees vary depending on the method you choose. As an example, an Interac Cash withdrawal from an ABM is $0.006243. Some ABM machines may charge an additional $2.00. Interac Debit on the other hand charges a $0.005759 fee per transaction using your card.

Interac has a $1000 daily deposit limit and a $5000 monthly limit. When you withdraw from Interac bookmakers, the minimum limit is $10 to $15 and the maximum is $7.000 to $9.999, depending on the specific Interac betting site.

In the table below, we compare Interac with three common online betting payment methods.

Payment MethodTransaction FeesAdvantagesDisadvantages
InteracFrom zero fees up to 2-3% (varies between operators)Compatible with most sports welcome offersCannot use cryptocurrency

Only used in Canada
WebMoney0.8% per deposit/withdrawal transaction, capped at $55Cryptocurrency deposits are accepted

Qualifies for welcome bonuses and other offers
Even the $55 fee cap could be prohibitive on large deposits

SkrillDeposits have zero fees

Withdrawals to bank account: up to 7.5% fees per transaction
Widely accepted by bookmakers

Can use cryptocurrency
Typically not eligible for welcome bonus offers
NetellerDeposit fees from 1.90% to 4.95%: via Visa/ Mastercard, or 1% through Bitcoin

2.5% fee to withdraw to a bank account
Available at most operators

Cryptocurrency payments are allowed
Usually excluded from sports bonus eligibility

Best Interac Betting Sites – Pros and Cons

Akin to other payment methods, Interac has its good and bad points. These are:

  • Convenient payment method
  • Quick deposits
  • Advanced encryption to safeguard player details online
  • Lots of bookmakers accept Interac
  • Interac does not work with cryptocurrency transactions

Interac offers quick and secure payments for when you want to start betting now. Its pros clearly outweigh minor quibbles, such as the lack of support for cryptocurrency deposits and withdrawals. Now let’s finish with our closing thoughts.

Concluding Our Interac Review

We discussed how to set up and use Interac with sports betting accounts in Canada.

Our testing of three sites found that ComeOn, Betvictor, and Leovegas offer convenient and beginner-friendly Interac payments.

Interac offers safe and rapid payments, with typically instant deposits and quick withdrawals of up to 24 hours. Interac sites use SSL technology to secure your details, while Interac’s single currency use of the Canadian Dollar means you avoid currency conversion charges. However, a lack of support for cryptocurrency transactions is noted. Even so, we highly recommend Interac as a speedy and trusted payment method for betting in Canada. So go and try Interac sportsbooks to enhance your betting experience.

Kickstart your betting journey with these top bonuses

Common Interac Betting Sites Questions Answered

Yes, since Interact is an interbank network linking the majority of Canadian banks. This and encryption technology keeps player data secure.

✡️ Is Interac safe and reliable?

Yes absolutely, since the payment interacts with reputable banking operators, so security is top notch.

👍Is Interact only available in Canada?

Interac is a payment method for bettors in Canada only. Thus, a Canadian bank account is needed to use the service on supported Interact betting sites.

👏How much money does Interac charge for each transaction?

Sending money by Interac e-Transfer attracts fees of $0.50 for amounts up to $100 and $1 for amounts over $100. A business account comes with $1.50 fees for each transaction.

😀Which bookmakers accept Interac?

The majority of bookmakers in Canada allow Interac deposits, as the payment method is unique to sports betting in the region. Therefore you shouldn’t have many issues in finding Interac betting sites.

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