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 2022.
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Last Updated Aug 4, 2022, 01:29 PM ET
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 2022.
#1 Top-rated sportsbook
BetSmart™ Rating: 4.8/5Deposits & withdrawals
BetSmart™ Rating: 4.1/5Deposits & withdrawals
BetSmart™ Rating: 4.5/5Deposits & withdrawals
BetSmart™ Rating: 4.4/5Deposits & withdrawals
BetSmart™ Rating: 4.7/5Deposits & withdrawals
BetSmart™ Rating: 4.4/5Deposits & withdrawals
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 oddsEven 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 limitsOnline 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 speedInterac 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 availableBet 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.
SecurityInterac 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 supportAny 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.
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 instantInterac 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.
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.
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.
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.
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.
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 the sportsbook — or sportsbooks — that best fit your sports betting needs using the information mentioned above.
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.
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.
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.
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.
No interest in using Interac? That’s fine. Sports bettors in Canada 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:
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.
Joshua Howe is a commercial content editor at Covers, assisting experts in making smarter sports bettors. Prior to joining the team in 2021, the experienced writer and editor worked in a variety of industries, including sports, marketing, and publishing.
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