What is Gigadat?

Last updated: July 2026

If you have ever opened your banking app and noticed the name Gigadat sitting next to a transaction, you are far from alone — it is one of the most-searched payment names in Canada. So, what is Gigadat? In plain terms, it is a Canadian payment processing company that moves money between your bank account and the websites you pay, most often through Interac e-Transfer. It is not a store, not a subscription, and not a bank. In this guide we explain what Gigadat Inc. actually does, how a Gigadat payment travels from checkout to your statement, which industries rely on it, and whether it is safe.

What Is Gigadat?

Gigadat Inc. is a privately held payment processing company headquartered in Winnipeg, Manitoba. Its specialty is online banking payments: the company acts as the technical bridge that lets Canadian consumers pay online merchants directly from their bank accounts using Interac e-Transfer and Interac Online Banking, rather than typing in a credit card number.

A useful way to think about it is as plumbing. When a website says "pay by Interac," something has to connect that website to Canada's banking network, confirm that your transfer arrived, and tell the merchant to release your order. Gigadat provides that connection. It works with the payment rails operated by Interac Corp. and with the major Canadian banks and credit unions, but it is an independent company — not a division of Interac or of any bank.

Crucially, Gigadat is a business-to-business service. You never open a Gigadat account, download a Gigadat app, or hold a balance with the company. The merchant is Gigadat's customer; you simply pass through its system for a few moments while your payment is processed. That behind-the-scenes role is exactly why so many people search for "what is Gigadat Inc." after spotting the name on a statement with no memory of ever dealing with the company.

How Gigadat Works

A typical Gigadat payment follows a short, predictable path. You choose Interac at a merchant's checkout, and the merchant hands the transaction to Gigadat. Gigadat then generates the payment request and routes it over Interac's network — either as an e-Transfer request you accept from your banking app or email, or as a direct online-banking payment where you log in to your own bank to approve it. Your bank verifies your identity, you confirm the amount, and the funds leave your account. Interac's rails carry the money, Gigadat confirms receipt, and the merchant gets an instant notification that you have paid.

The flow simply reverses for payouts: the merchant instructs Gigadat to send funds, and the money arrives in your account as an incoming Interac e-Transfer. At no point does the merchant see your banking login — approval always happens inside your own bank's secure environment.

What Services Does Gigadat Provide?

Although most Canadians only ever see the name during a checkout, Gigadat offers merchants a fairly broad set of payment services. If you have wondered what Gigadat is used for beyond a single transfer, its core products fall into four groups:

• Online bank transfers. The flagship service: processing Interac e-Transfer payments in both directions, so merchants can accept deposits from customers and send money back out — refunds, withdrawals or payouts — through the same rails.
• Payment processing. Real-time transaction handling in Canadian dollars, including confirmation, settlement and reporting, so a merchant knows within seconds whether a payment succeeded and can reconcile its books at the end of the day.
• Merchant solutions. Integration tools, checkout pages and account management that let an online business plug Canadian bank payments into its website without building direct connections to dozens of financial institutions.
• Fraud prevention tools. Automated transaction monitoring, velocity checks and identity-matching that flag suspicious activity before money moves, protecting both the merchant and the person paying.

Together these services let a business accept Canadian bank payments as easily as card payments — often with fewer declined transactions.

Industries That Use Gigadat

Because it solves a very general problem — getting paid from a Canadian bank account — Gigadat's processing shows up across a range of online industries:

• E-commerce stores that want to offer direct bank payment as an alternative to credit cards.
• Subscription platforms that collect recurring fees from Canadian customers.
• Online services such as digital marketplaces and software vendors billing in Canadian dollars.
• Digital entertainment platforms selling streaming, content or in-app purchases.
• Gaming and gambling sites, where fast deposits and same-day withdrawals matter most.

That last category is by far the most visible. The majority of "what is Gigadat payment" searches trace back to online casinos, because most Interac casinos serving Canadian players route their e-Transfer deposits and payouts through Gigadat. Brands we review on this site — including Richard, SlotRave, WantedWin, Zotabet, Spinbara and Magic365 — all rely on this kind of processing for their Interac cashiers. So if you deposited at a casino last night and see Gigadat on your statement this morning, the two entries are almost certainly the same transaction.

Is Gigadat Safe?

By every practical measure, yes. Gigadat is registered with FINTRAC, Canada's financial intelligence agency, as a money services business, which obliges it to follow federal anti-money-laundering and record-keeping rules. Transactions are protected with bank-grade encryption, and because payments are approved inside your own online banking session, your credentials are never shared with Gigadat or the merchant. The company also runs continuous fraud monitoring across its network and follows Canadian data-protection requirements for the personal information it handles. Problems people run into are usually merchant-side delays rather than processor failures — our guide to common Gigadat complaints walks through those situations and how to resolve them.

Conclusion

Gigadat is one of those companies you use constantly without ever noticing: a Winnipeg-based payment processor that quietly connects Canadian bank accounts to online merchants through Interac's network. It holds no money of yours, needs no account, and appears on your statement only because it is the processor of record for something you bought — very often a casino deposit or payout. If that is what brought you here, you can see how the payment method performs in practice in our independent guide to Gigadat casinos, where we compare the sites that use this processing for fast CAD banking.