Interac is one of the top banking solutions for Canadians. The gambling industry has taken up this debit gateway because of its effectiveness and speed of transactions. The company is all about simple, straightforward and safe deposits. In this article, we will break down all important aspects of the platform and our list of top Interac online casinos
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Interac is a Canadian payment service created to act as an intermediary. It works to link financial institutions to other companies, which takes away the stress of banking transactions. Founded in 1984, this interbank network has been providing effective solutions to partners for over 35 years. Unlike most e-wallets, Interac connects your online banking account with the payment section in supported casinos.
It is affiliated with over 250 banks, financial institutions and other credit unions such as:
With Interac e-Transfer, users can experience even greater convenience. You can send, request and receive money anywhere and anytime as well as cash-out from online casinos. New online Canadian casinos endeavour to include Interac among their payment methods because it is so reliable. Also, users can manage their funds locally and internationally through money transfer.
Interac works as an intermediary between you and your bank. Your personal information is kept away from prying eyes when making transactions. Interac replaces your banking details and personal data with a token to get hold of it. With e-Transfer, transactions are carried out in near real-time. Interac e-Transfer requires a security question and answer from both ends unless the beneficiary has registered Autodeposit.
Payment methods are a deciding factor when choosing a gaming operator. With this in mind, Interac Casinos provide the utmost safety and security. To use this platform, first, you have to sign up with the operator. Then, you make the initial deposit by selecting Interac as the mode of payment. After that, you can start betting on your favourite games. To cash out winnings, choose Interac again and wait to be credited.
We gave an overview of how Interac Casinos work, now we will explain how to go about deposits in detail.
Deposits are almost instant, and the entire process takes only a few minutes to complete. As earlier mentioned, this experienced payment platform greatly values security so you can gamble with peace of mind.
Withdrawals generally have a lot more restrictions than deposits do. This is partly due to safety precautions and the incompatibility of payment methods with business enterprises. Luckily, this platform can be used for deposits as well as withdrawals. To complete the process, simply carry out the following steps:
The deposit and withdrawal limits on Interac Casinos depend on the specific operator. For instance, Jackpot City is set at $4,000 per week, Genesis casino is set at $22,000 per month, whereas LeoVegas casino has no withdrawal limit.
The commission for transactions, on the other hand, has a flat rate. Deposits are set at $1 and withdrawals at $4, irrespective of the amount involved.
Safety is a significant concern for all online gambling stakeholders. This payment method has been proven to be one of the safest and most secure in Canada and for a good reason too. Interac cards use chip technology to protect against fraud. EMV secure chip processing manages data securely and eliminates cases of counterfeit cards, electronic pickpocketing and transaction replay.
Passcode verification, Touch ID and the EMV Chip Technology provide bank-level security for mobile transactions . It follows the latest protocols concerning fraud detection and prevention, so you have very little to worry about. Working with so many banks and financial institutions is a guarantee that Interac is doing something right. Seeing as it only works with the best, the majority of its partners have 24/7 customer support. They lend a helping hand at any moment of the day with prompt and efficient replies.
We have established that Interac can be considered a safe payment choice for online casinos in Canada. With speedy transactions and good customer service, they tick all the right boxes and are classified as some of the best in the world. As long as your pin is not disclosed to any third parties, Interac does its part without fail. Having continuously provided excellent service for so many years, it is the ideal option for Canadian online gamers.
Our team expert Thomas Morrison regards Interac as the best online gaming payment method because it is quick and secure. The debit card created by the company helps players to curb excessive spending. The card can be used for both withdrawals and deposits on online casinos, and with several financial institutions in Canada.