does it work?
The Interac platform is part of the Canadian debit card system, which regulates and handles electronic financial exchanges. The Interac e-Transfer is supported by all banks and credit unions based in Canada and acts like a credit card. However, this does not work unless one has cash inside one’s account. Additionally, Interac only needs a client card number as well as one’s banking pin, contrary to any credit card.
Online users are transacting with Interac between their bank account, and casinos are also not required to log in to their bank accounts. This provides added protection to sensitive information from third party activities as well as no paper trail between the casino and the bank. The advantages mentioned above are made possible through the process of Interac Online facilities when users sign up and finish activating their accounts. Casino players can transfer and move their money around through their Interac account details, which are separate from their banking details. The login and sign up process are fast and efficient, thus guaranteeing all users immediate access to their cash through a safe and convenient environment.
Using Interac at New Casinos
With most of the established online casinos, the rate of adopting new payment methods tends to be slow, especially if the payment option is not globally recognized. In this regard, Interac being a Canadian banking method based only in the country means that most of these significant online casinos do not support it. We recommend new Interac users to seek alternative new online casinos supporting Interac that are listed at the top of this page. One can easily select the Interac payment option from the casino deposit section.
All of the newly established Canadian online casino sites that accept Interac’s e-Transfer are safe and trusted alternatives. These sites have top-tier and advanced security measures for online gaming based on Interac. Furthermore, a 24/7 customer support on these online casino ensures you can contact them for any issues concerning deposits and withdrawals.
Users are recommended to select one of the top Interac casinos as listed as the first step in creating a warranty. This is followed up by choosing the Interac payment option from one’s bank webpage. Once it’s done, the user is required to decide the amount they wish to deposit to any Interac online casino.
After choosing an amount, a security question is sent to the user’s email address for confirmation of their account and payment information. Once the answer to the security question is sent, the Interact platform starts processing the charge, and users can proceed to play in their respective casinos. The ten-minute process is accessible and straightforward. As most Canadians are expected to be already familiar with using Interac e-Transfer, this platform also provides a convenient method to send cash to their Canadian friends. The process works similarly to Interac casinos.
Similar to making deposits, withdrawal transactions take into account the same principles except with a longer processing time that can last as long as six working days. Withdrawal fees also tend to be higher. Notifications are sent once you make a withdrawal to one’s email or phone to inform you about the sender and amount to receive. The process is outlined in the following steps.
Sign in to your online Interac casino account and select the cashier section to claim winnings.
Give all relevant payment details and information requested by the casino.
Choose the amount of money to withdraw. Please make sure to clear wagering requirements before collecting any bonus cash.
Start the transfer process and wait for the funds to arrive in one’s bank account. The withdrawals can be spent through the bank account, as usual, would be.
Is Interac Safe?
The Interac platform is a completely secure payment system for use in online casinos. It’s crucial to highlight that Interact works with more than 250 credit unions, banks, and other financial institutions. Users are guaranteed that the company offers bank-grade security services and continuously upgrades its safety protocols. Additionally, all online casinos listed on this page are legal and are licensed, thus assuring a safe casino experience.
For anyone seeking an alternative to the Interac platform, several payment providers are available only to online casino players based in Canada. If you are looking for a payment method that is available in other countries we recommend taking a look at our list of the newest PayPal casinos. Alternatively, if you are looking for a payment option that basically works the same way as Interac, you should give new Trustly casinos a try.
Interac is easy to use just any as online banking; thus, many online gamblers are comfortable with it. It, however, is held at a disadvantage by a lack of support outside Canada; therefore, it is not available for every online casino. Fortunately, you can find a list of the best new Interac casinos available on this page.