Gigadat is a third-party financial service provider that plays an important role with many Canadian gambling transactions. It is important to note that the company is not strictly a payment processor in the sense that they provide their services directly to customers. Instead, Gigadat inc whose Headquarters are in Winnipeg Manitoba, provides other companies with the network equipment, personnel, and other infrastructure that they need to process different types of real money transactions across Canada.
Every Gigadat inc casino closely affiliated with the payment processor Interac, which is currently one of the largest and most popular payment services for Canadian players right now. More specifically, Gigadat is responsible for handling their transactions for in Canada, via Online, e-Wallet, and Express Connect e-Wallet services.
Gigadat is generally very trustworthy and reliable, with all of the firm's operations being regulated by the Financial Transactions and Reports Analysis Centre of Canada or FINTRAC. The company is also compliant with the Canadian anti-money laundering and AML regulations, as well as the Code of Practice for Consumer Protection.
|Best Gigadat Casino||Jackpot City|
|Withdrawal Time||24-48 hours|
|Withdrawal Limit||C$6,000 a week|
Because the two are so closely intertwined in terms of how they function today, the best way to understand how Gigadat works is to first look at how an Interac casino operates. The firm as we know it today started life in the 1980s as an interbank network formed from the joint cooperation of five of Canada's largest banks at the time. For context, you might better recognize an interbank network as an ATM network - a financial system that enables transactions secure between participating banks and establishments through the use of a physical bank card, virtual wallet, or some other signifier of a person's source of funds. Later on, that same consortium of banks would go on to launch Acxsys, a new firm that expanded on the former’s capabilities and services. The two companies would eventually be merged in 2018 to become the large Corporation that we see today.
So where does Gigadat fit into all of this? It’s important to remember that the Interac Mastercard and it's other products are the underlying spins payment system that allows communication among banks, merchants, and customers for various transactions. You will find their solutions are good for gaming, esports, utilities and online shopping payment transactions. But at the end of the day, this is the only thing that they provide.
This is where Gigadat comes in. As their primary payment processor for transactions, Gigadat is the company that actually reaches out to the banks and merchants when you make a transaction, telling said outlets to transfer your money in the way you requested. It should be noted in the casino read at this point that, since Interac still owns the payment systems that make them possible, Gigadat transactions are usually still represented by the processor and may not even indicate Gigadat's role in the translation when you send or receive money.
Early in 2018, Interac and Acxsys merged into a for-profit business, which resulted in the formation of the new Interac business. The company formed some 40 years before this as an alliance among the five largest banks in Canada. It is now a separate organization with its headquarters in gambling-regulated Ontario.
Interac owns the Gigadat system, but Gigadat is responsible for moving money in and out. CertaPay, which is now a part of Acxsys Corporation, was the business that was responsible for managing the database and handling the email alerts for Interac e-transfers. CertaPay works more similarly to how PayPal does, whereas Gigadat functions more similarly to how PayPal does.
Given the wide range of banking options and payment processing firms available in Canada, what exactly makes Gigadat casinos a cut above the rest? Believe it or not, there are a few reasons.
One of their key advantages is that they are the main payment processing firm in our country for transactions, which is the largest ATM network in Canada. As such, Gigadat also has one of the largest coverage ranges among all payment processors in Canada, supporting transactions from Labrador to Yukon and everywhere in between.
Given the size of theit financial network, the firm that handles payments through their systems should be expected to have the infrastructure and capabilities to take on the immense volume of these transactions. Gigadat was chosen specifically for this reason thanks to their highly robust payment processing systems, so you can be sure that your transactions will go through with minimal interruptions, delays, or rejections.
With size comes scrutiny, and never is this more true than in the case of financial services. As one of the largest secure payment processing firms in Canada, Gigadat has implemented all of the security systems and protocols needed to be in compliance with national laws, which guarantees maximum security on all of your transactions.
When it comes to the casinos in Canada, secure banking is incredibly important. Most of the savvier online gamblers are already well aware of the many potential security risks when they play at real money casinos, not to mention the fact that many banks automatically block and reject gambling-related transactions. In these cases, Gigadat serves as an intermediary between your bank transfer and the casino site. By doing so, your bank will not block your transaction (as it will be seen as a transaction with Gigadat), and the online casino site won’t see your personal banking information as they will be receiving money from Gigadat instead.
Canadian players are often eligible for a gigadat casino bonus when registering a new account. This provides players with additional bonus money to play with after a first deposit. At some casino sites, you may be eligible to get a gigadat bonus that does not need you to deposit funds. This can come in the form of free spins, which enable you to play a slot game, but remember that any winnings are usually subject to high wagering requirements.
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There is such a wide variety of games available, so betting at Gigadat casinos has a lot to suit the preferences of most players. In relation to the slot games alone, we're talking about thousands of different games, many of which are from the most prominent developers. All Gigadat games carry the same features and wagering requirements as other banking methods. Big name game titles include those from Microgaming, Netent and IGT, which speaks volumes.
Players who like casino betting on table games also like using Gigadat due to the speed of depositing and the payout of winnings. Gigadat bets can be placed on roulette, baccarat, blackjack and even poker, which are all popular games in Canada.
As the two secure endpoints of this transaction, you will have to make sure that both your funding source (whether it is a bank account, an e-wallet, or something else) and your online casino both support transactions through the Interac network. This should be trivial as it is one of the largest banking networks in Canada, but if you need to make sure, you can check out any review sign our experts have discovered on Gigadat online casinos here on our site.
While this step is entirely optional, enabling the auto-deposit feature will be very convenient if you plan to deposit a lot to your casino account. To do this, you will need to go into your bank or e-wallet account’s settings and register the email address used on your Gigadat transactions for auto-deposit. This will tell your bank or e-wallet to automatically approve deposits to Gigadat.
This step needs you to open your online bank or e-wallet app and initiate a gigadat e-transfer. It is important to choose their sister company as the payment processor for the fastest processing times. Beyond that it is all a matter of entering your Gigadat account address, checking the min deposit, choosing how much you want to play with, and confirming the transaction. Depending on the fund source, the transaction should take a few seconds to a few minutes for the money to show up in your online casino account.
The following steps assume that you already have your online casino account set up. If you haven’t done that yet, you may refer to step 1 of our “how to deposit money” tutorial above.
1. Set up your receiving account.
While most people will typically withdraw their casino winnings to the same account that they used to deposit money, online casinos do give you the option to withdraw to somewhere else.
2. Initiate the withdrawal.
Just like with depositing money, we strongly recommend choosing Interac Online as your payment processor for the fastest withdrawal times. Beyond that, all you need to do is to specify the bank or e-wallet account that will be receiving your casino winnings.
3. Collect your money.
Because of how many online casinos and banks process withdrawals, it usually takes a bit longer for money that you withdrew from your casino account to appear in your bank account or e-wallet, a good range to expect is within 1 to 2 business days.
When players in Canada use the service, they are not directly subject to any Gigadat fees or commissions. Gigadat is a third-party processor that offers services to various gambling sites in partnership with other providers.
Depending on the Gigadat site you play on, you might be subject to additional fees or commissions for each transaction you complete via Interac instead. The fee is often in the 1% - 2% range and it is generally passed onto the player. When completing transactions at a casino, it is a good idea to check the fees and commissions associated with each banking method.
|Low transaction fees||Only available for Canadian players|
|Safe and well-trusted payment method||Incomplete e-transfers quickly declared void|
|Regulated by Canadian authorities|
|Widely accepted on casino sites|
Many of the firms that handle all of the processes that you deal with on a daily basis are typically well out of the spotlight, and your typical Gigadat casino is one of the best examples of this. Despite only being shown or mentioned in passing on the transaction page, Gigadat is the company that actually makes your Interac transactions possible. We are impressed with the Gigadat casinos we have reviewed, but as always, players must still remember to gamble responsibly. Learn more about the best Gigadat casinos in Canada right here at InsideCasino.
A Gigadat casino is a casino site that accepts transactions going to and from Gigadat, a financial services firm that works as a payment processor.
Gigadat is a private company currently owned by Gigadat Solutions, with Guy Fietz as the company CEO. Although they are closely partnered with Interac.
Gigadat is one of the safest payment processors in Canada with a practically 100% success rate for all online casino transactions.
Gigadat is currently regulated by the Financial Transactions and Reports Analysis Centre of Canada or FINTRAC, which is the country’s primary regulatory body for financial institutions. Besides this, Gigadat is also compliant with anti-money laundering and anti-terrorism regulations, ensuring that their operations are not only secure but also legal.