Canadians are often met with a lot of payment obstacles when it comes to online gambling. Nonetheless, Interac provides a safe, fast, and hassle-free option to players. The method is renowned for its safety and only works with licensed, reputable Canadian banks. Interac popularity continues to grow, mainly as a payment solution for online gamblers in because it guarantees players security and convenience when they make deposits.
Online casinos in have also learned the upsides of the Interac payment method, and several of them accept the mode as a banking solution.
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A Banking Solution for Online Gamblers
Online Gaming has been made easy by the fast-growing Interac payment solution. Interac is a broad company that offers a range of services, including Interac Cash, Interac Online, Interac e-Transfer, Interac Flash, Interac Debit, and mobile payments, which are very worthwhile to online gamers playing on the go.
In history, Interac was split into two providers with products and services marked with the Interac brand. These are Interac Association and Acxsys Corporation.
Interac Association was a product of Canada’s most prominent financial institutions created in 1984 and provided products such as Interac Debit ABM withdrawals, contactless payments, and Chip and PIN.
Acxsys Corporation was founded in 1996 by eight financial institutions responsible for the Interac network and new products and services like Interac Debit for online payments, Interac e-Transfer, mobile payment solutions, and international services.
The two organizations came together in 2018, merging all Interac-branded products and services under a single corporate company, Interac Corp. The following year saw Interac Corp acquire the Ottawa-based 2Keys Corporation, a national leader in secure digital experiences for financial institutions, governments, and commercial clients like Online Casinos. The acquisition has enabled online gamers to use their identity and money with the confidence of security.
The payment method is spreading its popularity among online gamblers because they do not have to expose their personal information like bank details.
How it works
Depositing to an online casino via Interac is safe and easy. Online gamers can follow the following simple steps:
1. Open your online banking webpage and log into your account.
2. Select Interac as the payment method and choose the virtual casino as the recipient of the money.
3. Enter the amount you wish to transact and select the account you want to use for the transaction.
4. Finally, pick a security question and answer that will allow the recipient to receive the money.
Interac will transfer your money in an instant without exposing your personal information like bank account details. However, each online casino has its way of accepting Interac payments. Some will prompt players to answer the security question in advance, while others will require their clients to use a specific answer.
Benefits of Interac Payment Mode
Interac comes with a load of benefits as a payment method in online gaming. One of the significant reasons many gamers opt for the payment mode is that personal data remains private and confidential. What’s more, is that you will not require to create an account to use the service.
Interac is the best-suited method for online gaming payments since, unlike credit cards that may make you indebted, Interac will only allow players with enough money in their bank accounts to deposit to the online casino of their choice.
A Cost-effective Payment Method
Interac’s popularity is due to its cost-friendly transfers to and from bank accounts. Interac does not charge its customers for using their service. Still, they might incur some fees determined by the Canadian financial institutions that offer the debit card you are using. For instance, if you are using Interac Cash for withdrawals from ABMs, you will be faced with additional fees imposed by the owners of the ABMs. You can expect a Switch Fee of C$0.006243 and an Interchange Fee of C$0.75.
An Online Casino Payment Solution
Interac may be a new method for making payments at online casinos, but some of the biggest banks support it as a payment solution for online casinos. Interac has been hugely adopted across entire Canada, allowing online casino gamers to set their transactions in Canadian dollars.
Safe and Secure Transactions
Interac’s wide popularity comes from the safety and security of the payment method that boasts a dedicated fraud management team and frequently provides education to help clients fight online fraud. Interac could provide the safest way for online gamers who wish to boost their gaming balances. The service does not expose your details such as your bank account information, safeguarding your identity and funds.
Interac Mobile Service
Players can use Interac Debit to make fast and safe contactless payments via Google Pay or Apple Pay. Use passcode verification and biometrics to prevent unauthorized users from making transactions using your mobile device.
Our Verdict on Interac
Interac is one of the best options for Gamblers looking for fast and safe transactions. The company is even more popular among online gamblers looking to boost their gaming balances and enjoy their favorite games. The number of online casinos accepting Interac as a payment method is significantly increasing, thus increasing the company’s popularity across Canada and beyond.