Using Interac as a Casino Payment Method
What is Interac?
When choosing a payment method to deposit and withdraw from your online casino account, you must take a few things into consideration. Naturally, you will require this service to be quick and to have minimum or preferably no fees when transferring money. Perhaps the most important thing that you should look for in a provider is that it has a good reputation of being safe. With so many choices out there, people are left wondering what their best option might be. If you are a Canadian resident, you probably heard of Interac. Interac is a Toronto based debit card service that offers fast and reliable online payments to all of its users. If you’re in Canada and looking to play at an Interac Casino, read on!
Paying with IDP (Interac Direct Payment) is easy. It uses a standard PIN-based system which allows for a secure payment in-store or online. More so, Interac started using an EMV Smart Card technology in 2007. The upside of this technology is that it uses a high level of encryptions which makes it less likely to put its users in any danger of card copying or fraud.
When it comes to using Interac as your payment method for online gambling, you will be happy to know that a lot of online casinos have Interac as their payment option, especially the ones that are based in Canada.
Interac was founded back in 1984 as Interac Association, and since February of this year they stand under the name Interac Corporation together with their former for-profit counterpart called Acxsys. Acxsys has been providing electronic money transfers since 1996. Right now, the company has almost 60,000 ATMs across Canada. It markets itself as one of the leading and most trusted payment brands in the country. They also claim that Interac cards are used over 16 million times on a daily basis. With fraud being one the biggest concerns for all credit and debit card users, Interac can boast about the fact that it has one of the lowest fraud rates in the world.
Interac offers several services to their users. These include Interac Cash, Interac Debit, Interac Flash, Interac e-Transfer, Interac Online, and since several years ago they have also been offering the ability of mobile payment solutions. With internet payment being on the rise in the past decade, Interac is one of the top choices for Canadians when it comes to online purchases and funding their online casino accounts.
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Using Interac in the virtual world
If you ever paid for something over the internet, you know the drill – you provide the online merchant with information like your shipping and billing address, full name, and of course, a payment method that you prefer. To do this, simply choose Interac in the drop-down menu on the website when you are about to make the purchase. When the website redirects you to Interac’s gateway page, you should just log in to online banking by filling out your card number and password, and confirming the amount you wish to pay. After that, you will be brought back to the online merchant’s checkout page to confirm the purchase. Interac is really no different than some other similar cards, and it’s often seen as a payment option on many websites, especially Canadian ones.
Using Interac in iGaming and Online Casino
Just like with the purchasing over the web, you can use Interac to fund your online casino accounts in order to gamble on sports or play slot games. Many worldwide casinos have Interac as their payment method, and if you’re gambling online from a Canadian-based website, you will surely find it as an option. When you are on your prefered casino website, just navigate to the payment methods page, and try to see whether or not they offer transactions with the use of Interac. Usually, casino websites have their payment options displayed at the bottom of a home page, so you can check it right away. Find an online casino allowing you to deposit via Interac right away with the help of HitCasinoBonus!
Funding your player account with Interac
To fund your account using Interac you will first need to check if the website even has Interac in their payment options. Then you will need to make an account on the casino’s website by filling out information like your full name, residential address, etc. Sometimes the casino will ask you to provide them with the scan with the back of your card. Don’t worry, since well trusted online casinos only use this information for identification purposes and your personal info will be safe. To fund your account, simply navigate to a page on the website that allows you to do so (usually the “deposit” or “fund your account” button). After that you will be redirected to your banking account so the website can verify that it’s really yours. Standard fees are usually within $2, excluding the fees that the website itself might have. The Interac fee is fixed, which means that you can deposit as much as you like, and the fee will remain the same.
Cashing out with your Interac account
Unlike some payment methods that only allow you to deposit, Interac can be used to withdraw your winnings as well. Cashing out process is usually just as easy as depositing. You just need to navigate to the “withdraw” option on your online casino website and select Interac as the method for withdrawal. Thousands of online players use Interac e-Transfer as it is one of the fastest and most secure options available. The money will be at your account in a few business days (usually 4 to 6), which is standard for most payment methods. The fees are small, much smaller than with some other methods, like PayPal. Cashing out with Interac is fast, cheap, and completely secure.
Interac Pros and Cons
The most important aspect of any casino online payment method is safety. As we already mentioned, Interac has some of the lowest rates when it comes to fraud and credit card embezzlement. Another advantage of using Interac is the ease of access. You can complete your payments using your computer or mobile device at any given time. Fast transfers is also an upside; deposits are almost immediate, and although you will have to wait for a couple of days for your withdrawal to be completed, it’s a standard for all methods. Minimal fees are also worth mentioning and the fact that they are smaller in comparison to some other methods.
Honestly, when it comes to Interac, there aren’t that many cons that we can think of. One disadvantage might be that Interac is not supported by all online casinos. However, if you are playing at one of the major ones, especially the ones in Canada, you will be sure to find Interac as an option. Why don’t you browse through our list of some of the best casino bonuses or claim some no deposit free spins to get started? Once you like something, use Interac to fund your account!
Read our guides on all other most commonly used casino payment methods. We’ve gone through their requirements on deposits and withdraws, how to best make use of them, and their pros and cons; choose your guide below and become a better player, today!