More Details about Interac

Interac is a popular payment method that was created in 1984 specifically for Canadian casinos. This payment method has since grown to become more known in other regions thanks to its security and other benefits. With Interac, you get the advantage of quick and hassle-free transactions and a certain level of anonymity. The added bonus is that Interac has become extremely popular, which makes it easily accessible.

How to use it

With Interac, there are not one but two ways you can use it. There is Interac Online and Interac E-Transfer.

With Interac Online, you have the ability to pay directly from your bank account online. This payment method is quick and easy. Simply choose Interac Online when making a deposit, and it will direct you to your bank account, where you can transfer funds into your casino account. Take note that withdrawals are not supported with Interac Online.

Then there is Interac E-Transfer which allows you to move around your funds by using your email address. You’ll be required to log in to your online banking account and enter the casino’s address when requested. This payment option is available for deposits and withdrawals.

Fees when using Interac

One thing you should be aware of is that Interac isn’t completely free to use. There are fees attached. However, that doesn’t prevent users from choosing this payment method.

With Interac, you can expect fees of between $1 and $1.50 on deposits. For withdrawals, there are fees of up to $4. Of course, you will find several casinos that absorb the depositing fee, ensuring you have no fees on deposits.

Withdrawals have a flat rate fee and may take up to 6 banking days. Other payment options may provide quicker payouts. That being said, Interac remains a popular payment method used for deposits and withdrawals at the best online casinos.

Benefits of using Interac

Interac casinos come with a great number of benefits which is why many players have started using this payment method for deposits and withdrawals. If you’re not sure what awaits you, then here is a quick breakdown of the biggest benefits.

Available everywhere

This payment method has quickly become popular in Canadian online casinos. The good news is that Interac is not just available for online gameplay but also for other services. While it’s great for gaming, it is also a payment method with various uses.

Quick payouts

A big plus that comes with using Interac is that this trusted payment method allows for speedy transactions. Interac is directly linked to your bank account or credit card, making it much easier to complete transactions. Deposits are instant, and withdrawals can take 24 hours.

Player safety

Interac is big on player safety, utilising top security software, including Anti-Fraud. This ensures there are additional layers of protection for all customers. This payment method brings more security to any casino, which leads to more peace of mind for players.

Anonymity

Another big benefit is that the payment method comes with a certain level of anonymity, ensuring that your personal details will not be shared. You will still need to provide Interac with your details. However, while using the payment method, you can choose to share your Interac details and protect your personal details.

Disadvantages of Interac

As with anything in life, there are disadvantages to accompany the advantages. The good thing is that Interac has very few disadvantages. Take a look at the cons of the payment method before you opt to use it.

Created for Canada

This payment method is specifically for Canadians, and you cannot use it unless you’ve got a Canadian Bank Account. It has become a top payment option and is available to all Canadians looking for quick and secure transactions. It is slowly spreading to other regions.

Fees on withdrawals

Another downer is that this is not a free payment method, and you will be expected to pay fees on deposits and withdrawals. Fees are relatively low, but you can expect a fee ranging between $1 and $4, depending on the transaction. There are many online casinos that absorb deposit fees, leaving you only with withdrawal fees.