Interac casino platforms have grown over the years due to their acceptance by casino players from different parts of the world. These platforms are great and offer players top-quality games and swift transactions. There is much to know about these platforms and how the casino ewallet payment system works. This piece will consider everything players need to know about this payment service. Also, they will know all it takes to identify the best casinos.
Interac is a Canadian online banking service established in 2018. It is one of the most recent additions to online gambling powerhouse payment systems. The service’s fast growth in popularity is due to the support it receives from the Canadian National Banking system. After its launch, this transaction service was soon introduced into online gambling sites, with almost all Canadian Casinos featuring it. Today, top casinos across the globe employ it as a choice transaction service.
This payment system comes with different transaction options that work for deposits and withdrawals. These options are often available in the best Interac casinos and are highlighted below.
Credit card: The Interac credit card allows users to deposit into their online platforms with an issued credit card. It allows users to deposit into casinos even if they do not have enough money credits.
Debit Card: The debit card function is like a traditional banking card that allows players to deposit into their accounts instantly. Transaction time is less than 5 minutes on average.
Flash Payment: Flash payment is a Point-of-Service payment option where players pay to a gambling platform from a retailer center.
The Online and e-transfer payment systems are two other options that will be discussed later in this piece.
Depositing with Interac
- Below are the steps to ensure a successful Interac deposit online casino.
- Go to the casino cashier page, click on deposit and Select the Interac payment service.
- Fill in the amount to deposit and choose any of the options; credit, debit, or online.
- Submit the payment request to complete the transaction.
Withdrawing with Interac
- Below are the steps to withdraw from a casino with this payment system
- Go to the cashier page and select the transaction service.
- Fill in the amount to withdraw from the casino account and select the relevant Interac option.
- Once they click complete, the transaction will be sent to their account within three to 30 minutes.
Interac Mobile Casinos
Interac casinos are optimized for mobile devices. Players who use Androids and iPhones can enjoy the platform service and have a great time. The graphics are crystal clear, and navigating the entire UI/UX is extremely easy. The payment system functions very well, making withdrawals and deposits seamless.
The top mobile casinos that use this service have some of the best games in the industry. These include reputable slot machines, roulette, baccarat, and blackjack. They also work with the best gaming providers like Microgaming, NetEnt, and BGaming.
Fees of Interac
The popularity of this payment system is also due to its affordable fees. Generally, this service charges less than $35 for all deposit or withdrawal transactions as far as online gambling is concerned. For deposits below $100, players will have to pay the system $0.50. For deposits within the range of $100 to $500, players will pay about $1.00. The higher the deposit, the higher Interac charges become.
Fortunately, most top online casino sites that accept Interac do not require players to pay fees for deposits. They handle these themselves. So, players simply get the full amount of their deposit or withdrawal in their accounts using this payment system.
The Difference Between Interac Online and Interac e-Transfer
For gambling, the most popular Interac option between e-transfer and online one is the latter. There are not very many Interac e transfer casino platforms, and gamblers do not generally feel comfortable subscribing to a casino Interac e-transfer option when the Online option is available. Below is the respective difference between the two services.
An e-transfer service sees users transfer money from their bank account to another bank account.
This service is like an e-cheque. However, it is a digital transaction that depends on a mobile phone or PC. The sender will visit the e-transfer section via the online banking software and input the receiving bank details.
A security answer will be revealed to the sender, which he must reveal to the receiver. Once the transfer is sent, the receiver will be asked a security question and have to provide the answer. This is why the receiver must let the sender know the answer. If the receiver does not provide the answer, the transfer will fail, and the money will be returned. In E-transfer, the sender controls the tide.
The Online system is the option that allows players to deposit directly from their bank account to their casino account using Interac as a medium. This option may look like a bank transfer to a gambling platform. However, the payment system serving as a medium makes the transfer very swift, taking only a few minutes to an hour, unlike Bank Transfer, which can take days.
Pros and Cons
Playing in online casinos that accept Interac comes with many benefits. There is a lot to take from the system. However, there are several challenges that the system also possesses.
- There are many payment options available to perform transactions;
- Transactions processing is almost instant;
- It is available on almost all Canadian online gambling sites;
- It is easy to use and does not require any technicality.
- There are varying fees that come with using its different options;
- It is not available on all gambling sites.
Security and Safety
Security and safety are one of the selling points of this transaction service. Since many options are available to players for depositing into a gambling site, the security protocol tends to differ. The e-transfer system is considered the least protected payment system. This is because the receiver and sender share financial details, which can cause a possible leak of confidential information. However, since the process requires answering a security question involving both parties participating, it is difficult for one party to transfer cash without the other’s knowledge.
The credit/debit cards and flash options are also well-secured. They have strong security architecture and are protected with SSL encryption. This security protocol helps to protect users’ confidential information and frustrate financial hack attempts.