Advantages of Using Interac
You will find that there are many advantages to using Interac when making payments at online casinos. Firstly, it offers excellent security. The service utilises the latest technologies to ensure that users’ money and privacy is fully protected at all times, the same technologies are used by banks to protect customers when carrying out online banking and other transactions.
Furthermore, those who are concerned about privacy will also find that Interac is an excellent choice. There is no need to provide a casino with any personal banking details, such as a card number, account number, and so on. Users simply use Interac to create a direct link to their bank account. This means that the casino will never store any of your banking information, so it cannot be stolen. The company claims that it is one of the safest ways in the world to transfer money online, and it makes use of well-established banking procedures, the same that are used to process cheques, bank machine transactions, and so on.
One of the main reasons for Interac’s popularity is its ease of use. It can be used together with almost any Canadian bank account without the need to sign up for additional accounts, create new logins, and so on. Furthermore, the service is extremely fast, so players are never going to be left waiting for their funds to arrive. The same is true of withdrawals, the Interac transfer is instant, so players need only wait for the casino to finish processing the transaction.
Another benefit is that it is extremely rare to find casinos charging fees for Interac transactions, both deposits and withdrawals. There are some fess from Interac, but these are very low. Generally, there is a flat fee for all transactions, which should never be more than $1, which is a small price to play for such an efficient and easy to use service.
It is also worth noting Interac’s fantastic reputation. Having existed for more than three decades, it is respected by all major financial institutions and has a stellar record. There have been no major security breaches and there are not doubts surrounding its trustworthiness or reliability.
As with any casino payment system, there are a few disadvantages that you should be aware of before using Interac. The most obvious disadvantage is that the service is only available to Canadians and you will need to have a bank account with a Canadian institution in order to use it. Furthermore, while it supports the vast majority of Canadian banks, if you bank with a small institution there is a chance that it won’t be supported. In addition, as noted above there are some fees. However, you will struggle to find a payment system that is entirely free, as e-wallets often charge fees for deposits and withdrawals, and very often, there are charges for using credit cards. Finally, Interac is not available at every online casino. However, it can be used at most, and overall, it is an excellent choice for Canadian gamblers.
How to Use Interac at an Online Casino
The founding principle of Interac was that it should be a very user-friendly service, and this is certainly the case. While there may be some variation in the exact deposit and withdrawal procedures, you should have very little trouble using it.
If you are using Interac e-transfer then all you will need is the recipient’s mobile phone or an email address. You simply login to your Interac account, select your financial institution and enter the appropriate information. You then just need to confirm the transaction and the money will be sent immediately. Similarly, if you are making a withdrawal, you just need to log into your online banking and look for the Request option in the e-Transfer section. You provide the casino’s information together with the amount that you want to withdraw and send the request.
The procedure when using Interac Online is slightly different, but just as straightforward. In the casino cashier, you need to select Interac as your payment method and then make a note of the casino’s payment information. Then go to your online banking and enter the appropriate details for the casino you wish to deposit at and select which bank account the funds should be transferred from. All that is left to do is enter the deposit amount and confirm the transfer. The money should arrive in your casino account. Withdrawing is even simpler. Just visit the cashier and once again select Interac as your withdrawal method. Enter the required information, including how much you want to withdraw (you also need to be sure that you have cleared any bonus wagering requirements). Then just confirm the transfer and wait for the money to arrive in your bank account.
Help with Interac
If you have any trouble when using Interac then the first thing you should do is visit the company’s website. There is an extensive FAQ there that deals with all of the company’s products. It is well structured, easy to navigate, and contains clear and helpful answers. For example, there are sections such as “interact e-Transfer Security” and “Request Money”. There are also troubleshooting guides, which may be of help with specific issues. There does not seem to be a way to contact Interact directly. However, you can contact your bank or your online casino, both of which are sure to do all that they can to help you resolve any problems.