What role does Interac play in the Casino World?
Interac helps players transfer money directly from their bank account into their casino account. And do you know what’s convenient about that? It allows the option to use Interac Online or Interac e-Transfer. We’ll give you a brief difference between the two types of payment.
If you choose Interac Online, you pay straight from your bank account funds and don’t share your financial information with casinos.
Wherever you go with another option, you can use Interac e-Transfer and send money to anyone with an email address and bank account in Canada.
Interac seems to have made everything easy for its users, and casinos include this payment method more frequently than before.
What Advantages do you get?
1) Easy access
Many financial institutions like banks and credit unions allow using Interac. You don’t have to create a new account and a new password. You must connect your bank funds account to your Interac payment system, which will work as a standard transfer service.
On top of that, the interface is user-friendly, and you won’t have problems navigating the page. Many new markets have started adding Interac to their payment options list, which is why casinos are doing the same thing.
You will find that the most popular casinos have included Interac for their players’ convenience. The downside is that this option is available only in Canada. Numerous popular casinos don’t operate with Interac because it’s not an appealing option for international transactions. Still, for Canadians, using Interact seems like a great choice because it’s fast and straightforward.
Interac has an excellent reputation for being an interbank network because it uses the bank’s privacy and security framework. This framework is part of the Canadian banking system and is well secured with an encryption system, secure login and authentification. As Interac has become one of Canada’s developers of ID and antifraud products and services, you can rest assured your gaming experience and money is safe and sound.
Both Interac Online and Interac e-Transfer are quick and easy ways to send and receive payments. An email notification only contains information about the payment; the funds are not transferred via email. All money transactions go through established banking channels. This ensures that only the intended recipient can access the funds.
Overall, you get encryption technology, confidential user IDs and passwords issued by financial institutions, a secure login process, security questions and answers to ensure only the intended recipient receives the money and 128-bit browser encryption.
3) Tracking your withdrawals
As a player, you can easily connect your bank account with your casino account via a virtual portal. That makes it simple to track your transfers by checking your online bank account’s balance and transactions. The best part is that you can count on instant withdrawals and real-time deposits.
Of course, sometimes casinos have their banks for processing winnings, so the cashout time depends on their policy.
Overall, using Interac Online or Interac e-Transfer guarantees a pleasant casino experience as you won’t have headaches while reading many confusing terms and conditions of payment. You can access the FAQ section on the casino’s or Interac’s website and read additional information regarding financial transactions.
4) Low fees
When it comes to making payments, Interac is one of the most popular methods used by Canadians. And for a good reason, fees are minimal. Remember that you have to check with your bank or credit union to see what fees they have for using Interac transfers. You get only $0.50 for a transaction under $100 or $1.00 for each transaction over $100. You won’t feel them affecting your wallet with a 1% or less transaction fee for $100 and above.
On top of that, the casino will pay itself some of these fees. Again, while discussing the limits on the amount you can send, you should read your financial institutions’ regulations.
Interac Online Transfers
Interac Online has fewer steps to follow than the e-Transfer option. The deposit will usually appear in your account quicker, so players like it because they don’t have to wait several days for the money to show into their account.
On top of that, your personal and bank information is hidden, and casinos don’t have access to it. But unfortunately, not all casinos accept Interac Online and opt for Interac e-Transfer instead.
How to deposit using Interac Online:
- First, you should access your casino account and go to the deposit section. There the casino will show your different options of payment you can choose from.
- After selecting the payment method, the casino will ask the amount you want to deposit.
- Next, the Gigadat portal will show you the available bank, and you should select one.
- You’ll be redirected to the Interac Online page. The interface is easy to use, so you can’t go wrong. Add your payment details and choose your financial institution or credit union. Interac Online may only be available for a few banks in case of casinos payments, but you get various credit unions to choose from.
- A new form will appear on your screen about logging into your online banking account and finalizing the deposit. You select the amount to transfer and will receive a confirmation of receipt at the online casino.
Depositing money with Interac e-Transfer is more complex than the Interac Online option. You will find that many financial institutions widely accept this method, and some casinos have only e-Transfer accessible for their users.
On top of that, the casinos allow withdrawals to go only through Interac e-Transfer, so players should better get used to this payment option.
How do you deposit with Interac e-Transfer?
- Again, you must log in to your casino account or create one in case you are a new player.
- Go to the deposit section and select Interac e-Transfer as your payment option.
- Select the amount you want to deposit. As in the previous case, you will see the Gigadat page. The next step is to select your bank from the provided list. The Gigadat will again ask you to choose from Interac Online or Interac e-Transfer. Go with the Interac e-Transfer option.
- After doing the previous steps, you will be redirected to the fund deposit page. Pay attention that you have to complete the form in 10 min. You must add the Recipient Name, the Recipient Email and the Amount. This page will also have a unique ID message with the casino’s payment details. Do not modify this section’s content because the transaction will not go through. Sometimes you have to provide the answer to a security question if your financial institution is requesting one.
- Next, you will receive a confirmation of receipt at the online casino.
How to choose between Interac Online and Interac e-Transfer
As mentioned above, both casino deposit options are solid choices for players from Canada. Interac Online and Interac e-Transfer provide payments similar to credit card payments that are mostly instant. You have to decide based on each option’s advantages compared to the second one.
Interac offers many possibilities for Canadians, starting with transaction speed and following with transaction safety and user accessibility. Completing the Interac e-Transfer payment means you would have to spend some extra time and provide answers to more sections, while Interac Online requires you to access your bank account instantly. In this case, Interac online can be faster. But don’t forget that casinos only use Interac e-Transfers for withdrawals while cashing out your winnings, and the second choice comes in handy here.
For both payments, you can be sure that your bank and private information won’t be divulged to the casino you are using. It’s common knowledge that players still don’t trust casinos when discussing their data. Still, Interac has an excellent reputation as a financial institution, so you don’t have to worry. Interac takes care of 18.8 million transactions daily, proving that you can trust it. All you have to do in both cases of using Interac Online o Interac e-Transfer is to select this option when making a casino deposit, and the system will tell you exactly what steps you must follow.
Both payment methods don’t have limits as long as you have money in your account. Considering that casinos and your financial institution have limitations would be best. Make sure you read their rules and regulations and don’t encounter problems while making your deposits.
Again, here using Interac e-Transfer has advantages over using Interac Online. All you have to do to start the withdrawal process is going to the casino page. There you will find the section for withdrawals and bonuses. As with the payment, select the desired method and follow simple instructions from the casino and Interac. Players have to decide on their own what method to choose because all we did was offer the information to ease this process.
Our Verdict about Interac Casinos
One of the main reasons Canadians should choose Interac for casino deposits is its reliability. Interac is a trustworthy payment method, and online casinos widely accept it. This means that you can be sure that you will be able to use Interac to deposit money into your casino account without any problems.
Interac offers excellent security features. Your personal and financial information is well-protected when you use Interac to make a deposit. This is important because you don’t want your personal or financial information compromised while playing at an online casino.
In addition, Interac offers excellent customer service. If you have problems using Interac to make a deposit, you can contact customer support, who will help you resolve the issue. Interac is an excellent choice for Canadian casino players looking for a reliable and secure way to deposit money into their accounts.
Interac Casinos FAQ
How high are the fees for using Interac?
Interac doesn’t require any fees for their transactions. Usually, players pay fees based on their casino or bank regulations. Every financial institution and casino has fixed fees for deposits, withdrawals and other transfers.
What banks have the option to pay with Interac?
You can pay through RBC Royal Bank, TD Canada Trust and First Nations Bank of Canada. Please note that you have a wider choice of credit unions and can select Arcadian CU, Accent Credit Union, Affinity Credit Union, Aldergrove CU, Bayview CU, Beaubear Credit Union, Blackville CU, Claisse Populaire de Clare, Churchbridge CU, Coastal Community CU, Coastal Financial CU, Columbia Valley Credit Union, Community First Credit Union, Consolidated CU, Copperfin, Credit Union Atlantic, Eagle River Credit Union, East Coast Credit Union, EasternEdge Credit Union, Envision Financial, Goodsoil Credit Union, Hamilton Sound CU, Innovation Credit Union, iNova Credit Union, Interior Savings, Kindred Credit Union, Kingston Community, LaHave River CU, Leading Edge CU, Libro Credit Union, Limestone, Luminus Financial, Mainstreet Credit Union, Malpeque Bay CU, Morell CU, New Brunswick Teachers Assoc CU, New Ross CU, NLCU, North Sydney CU, Northern Credit Union, Northern Savings Credit Union, OMISTA Credit Union, OPPA Credit Union, PACE Credit Union, PenFinancial Credit Union, Progressive Credit Union, Prospera Credit Union, Provincial Credit Union, Public Service Credit Union, Quinte First Credit Union, Rapport Credit Union, Reddy Kilowatt Credit Union, Souris CU, St. Joseph’s Credit Union, Sudbury Credit Union, Summerland Credit Union, Sunshine Coast Credit Union, Sydney Credit Union, Tandia Financial Credit Union, Tignish Credit Union, Toronto Municipal Employees’ Credit Union, Ukrainian Credit Union, Unity Credit Union, Valley Credit Union, Venture CUl, Victory CU, Windsor Family Credit Union, Your Credit Union and Évangéline-Central Credit Union.
How can I make sure that my data is safe?
As mentioned in this article, Interac is one of the market’s safest options with the latest security and data privacy technologies. You don’t have to worry about casinos stealing your information because transactions go through many steps of security checks and encryption systems.
Can I use Interac if I lived once in Canada?
You need an active phone number, email and bank account in Canada to use Interac. Without these requirements, you won’t be able to use Interac as your casino deposit option.