Best Betting Sites With Interac in Ontario 2023
Sports bettors searching for the most secure way to transfer their hard-earned dollars in and out of an Ontario sports betting account will find Interac a top-notch option. One of Canada’s most well-known financial brands, Interac had 20.97 million registered e-transfer users as of 2018 and has become an increasingly popular method for sports betting sites.
Here are the best sportsbooks for Interac in Ontario in 2023.
Best Interac betting sites in Ontario
#1 Top-rated sportsbook
BetSmart™ Rating: 4.8/5- Extensive coverage of betting markets
- Incredible in-play product
- Responsive 24/7 live chat support
Payout Speed:Deposits & withdrawals
BetSmart™ Rating: 4.5/5- Registered with the AGCO
- Excellent coverage of major sports
- Same-game parlays available
Deposits & withdrawals
BetSmart™ Rating: 4.7/5- Generous welcome bonus
- Offers same-game parlays
- Ample betting options
Deposits & withdrawals
BetSmart™ Rating: 4.4/5- User-friendly mobile app
- Good deposit options
- Offers same-game parlays
Deposits & withdrawals
BetSmart™ Rating: 4.4/5- Registered with the AGCO
- Large selection of sports
- Live betting & streaming
Deposits & withdrawals
BetSmart™ Rating: 4.1/5Deposits & withdrawals
BetSmart™ Rating: 4.5/5- Rich offering for live streaming
- Award-winning mobile betting platform
- Supports English and French language
Deposits & withdrawals
What to look for in an Interac betting site
Not all Interac betting sites are the same. The best sportsbooks separate themselves from the competition by offering bettors sharp odds, safe and secure banking, and top-tier customer support.
Competitive odds
Even though a sportsbook may snag you with a flashy offer, that doesn’t mean you need to limit yourself to that lone operator once you’ve met the initial wagering requirements. The best bettors shop around, keeping their eyes open for the top betting lines.
Interac deposit and withdrawal limits
Online sports betting sites that accept Interac usually need deposits of $10-$20 per transaction. This number may increase when you’re looking to withdraw funds from your sportsbook account.
It’s worth keeping in mind that certain websites won’t allow you to withdraw your winnings through Interac if the service wasn’t also used to deposit money to your account initially. That’s why it’s always smart to have a backup withdrawal method when using a different payment option for deposits.
Payout speed
Interac is no slouch when it comes to the speed at which you can move funds in and out of your sportsbook account. Once you’ve located the numerous betting sites that support Interac, narrow down the list by discovering which can process withdrawals quickly. Sometimes, sportsbooks will allow you to access your funds almost instantly.
However, you will most likely see your winnings in your personal bank account within a day or two. Sports betting sites — and Interac — take appropriate precautionary measures to validate your identity and ensure funds are directed to the correct account.
Bet types and sports available
Bet types like same-game parlays, live betting, and futures betting are becoming increasingly popular, but not every Interac betting site will offer these options.
While some sportsbooks will present betting lines on every possible event, others will only allow bettors to wager on the major sports leagues. If you’re a niche bettor, make sure to browse through all available sports to see if your preferred leagues, events, and bet types are accessible.
Security
Interac provides its online shoppers with an unparalleled level of security. Opting for this safe and reliable payment option on an authorized and regulated sports betting site will allow you to focus on the important things — line adjustment and locking in your picks.
Simply put, if a sports betting site takes Interac, you can relax knowing that your bankroll is in good hands.
Customer support
Any sportsbook worth its salt should have an easily accessible customer support team. Sports betting can be a time-sensitive activity, so having the ability to contact an operator’s support system via the likes of phone, live chat, Twitter, etc., cannot be overemphasized.
Never worry about reaching out to test these channels. Gauging the reliability of a sportsbook’s customer support team is an integral part of ultimately selecting which operator you want to utilize.
The pros and cons of betting with Interac
While the bank that issued your Interac card may charge you with a transaction fee — the amount of which varies by financial institution — when using online betting sites, Interac itself does not enforce any payment processing fees due to its nature as a non-profit company.
Choosing Interac also allows you to keep your banking details to yourself. When making deposits or withdrawals with an online sportsbook, the company uses encryption technology and several secure processes to ensure your details remain as safe as possible.
Withdrawals not instantHow Interac keeps your funds secure
Interac has an industry-wide reputation for having arguably the most secure and safe e-transfer service in Canada.
Its use of transaction encryption, fraud detection, and two-step authentication are all tools that ensure your personal data is protected and transactions are completed safely.
Transaction encryption
One of the multiple layers of security Interac implements is transaction encryption, an industry standard for protecting the secure communication of sensitive data. With highly complex encrypted language attached to every e-transfer, scammers and hackers are left unable to steal your banking details.
Fraud detection
Interac has a specific team of experts dedicated to working with financial institutions to keep an eye on and flag any potential instances of fraud. The company also actively works to advance public education surrounding fraud so that its customers will be savvy enough to recognize scammers when they come knocking.
Two-step authentication
Receiving an Interac e-transfer is about as safe a way to acquire funds as any. Not only will customers need to sign in to their online banking service with their username and password — or Face ID/Touch ID — but they will also be required to answer an additional security question.
How to sign up for Interac e-transfer
If you haven’t already connected your selected bank account with Interac, here’s how to sign up with the e-transfer service to use as a secure middle man between your funds and whichever sportsbook you choose.
Sign up for Interac
- Visit the website or mobile app of your chosen financial institution.
- Locate and click or tap the “Interac e-transfer” button.
- Enter your personal information, such as your name, email address, and phone number.
- Read and agree to the provided terms and conditions.
- Now you’re ready to add a contact and make an e-transfer.
Getting started at betting sites with Interac
Once you’ve set up Interac with your bank account, you’ll be ready to transfer funds to a sportsbook account and make your first sports bet.
Select a sportsbook
Select the sportsbook — or sportsbooks — that best fit your sports betting needs using the information mentioned above.
Register online
Betting sites that allow for Interac typically provide users with streamlined sign-up processes. Ontario sports bettors can register from wherever they like just by confirming their identity and location and filling in their personal information.
Deposit funds
Select Interac from the deposit menu in your sportsbook’s cashier section to move funds to your account. Enter the amount you’d like to move to your sports betting account, and you’ll be provided with payment details you can use to make an e-transfer through your financial institution. Sign in to your bank’s app or website and make your transaction.
Start betting
Now that you’ve got some funds in your new sportsbook account, you’re ready to make some bets. Add your preferred picks to your bet slip, review your total, and confirm your wagers.
Withdraw winnings
Once you’ve met your sportsbook’s withdrawal criteria, you can pull funds from your account whenever you like, free of charge. Interac withdrawals generally take one or two days to complete, but this estimate can vary depending on the operator.
More Ontario betting and banking resources
No interest in using Interac? That’s fine. Toronto sports betting fanatics, and those all over Ontario, can also make deposits with PayPal, Visa, MasterCard, E-wallets, and more.
The following Ontario sports betting guides offer further insights into sports betting in Ontario:
Betting Sites with Interac in Ontario FAQs
Yes. If you used Interac to make a deposit, you’ll also be able to withdraw funds via Interac back to your bank account.
Yes, a multitude of sports betting sites accept Interac deposits and withdrawals in Ontario.
While Interac isn’t accepted by all AGCO-licensed sports betting sites, many of the top operators accept Interac deposits and withdrawals. 888sport, bet365, BetRivers, and more all support the secure banking method.
Yes. You can use Interac to deposit and withdrawal funds from FanDuel Ontario.
Absolutely. Interac uses multiple layers of security, from transaction encryption to fraud detection to two-step authentication, to stop hackers’ attempts at accessing your personal information.
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Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.
