As an Canadian online casino player you have the advantage of choosing from many payment methods that allow you to play across various casino websites. There are a variety of payment options specifically designed for players who wants to play casino games online from their own country while still enjoying security and safety online banking.
One of the solutions is Interac. When you check out online casino sites to join that are specifically targeting Canadian players, you’ll discover that the majority, if not all use Interac as a payment method. What makes Interac the most popular alternative to pay at casinos online?
To begin, Interac is a massively popular payment solution in Canada, because it was introduced back in 1984 as an debit card payment system and national payment network designed to support every Canadian citizen and offer them an efficient, secure and safe way to transfer funds, both within and even outside of the country.
It collaborates…
…with over 200 main Canadian banks, and is owned in partnership with Acxsys Corporation and Interac Association which are two non-profit organizations made up of credit unions, merchants such as financial institutions, trust companies, payment companies and other related banks. So, it has been able to reach the majority and, in some cases, all Canadian citizens to give them access and facilitate seamless transactions online and offline.Read about datemania At website
There is a solution…
…offers various electronic transactions that can be used to make money transfers, cash withdrawals and, shopping. If you want point-of-sale machines, instant payment and ABMs for cash withdrawals, there’s the Interac Debit, Flash and Cash services. In addition, there are two others, which are commonly used by online casinos, Interac Online and Interac eTransfer.
Due to their multiple supported platforms…
…versatility as well as convenience and, most of all, security They do not have a disadvantage over traditional payment methods with respect to popularity across Canada. They provide users with easy and convenient payments in particular when they are made online. Protected with powerful security systems that prevent fraud and SSL encryptions These services permit safe and swift transactions directly via bank accounts.
Interac Cash
Interact Cash is one aspect of the Interac service. It allows you to take dollars from any Automated Banking Machine (ABM) with been issued with the Interac logo. This service is accessible to all customers of Interac who own an Interac branded debit card. The procedure is similar to cashing out funds using a traditional debit credit issued by your lender.
You’ll need to insert your card, choose the account from which you want to withdraw funds the money, then enter your PIN and make sure you confirm your transaction. Anyone who has used an ABM will be familiar with the way it works. Furthermore, this option will enable you to swiftly convert the funds you have in your account from virtual to physical. Something that not any other online payment system can claim. In addition, you won’t be charged a fee from Interac when you want to withdraw your money.
Interac Debit
Interac Debit gives you the option of buying items online and in the physical world. This is a feature of the Interac service can provide you with an Interac debit card very similar to the card you get from a banking institution upon opening an account. This card can be utilized at any POS terminal that a retailer is likely to have in their business.
Additionally, you can also utilize it for transactions online, such as to fund your online casino balance. A payment made with a debit card is processed in real time, meaning that the funds will leave your account and go to the designated location in just a few seconds. Another thing to keep in your mind is that debit cards do not have the same benefits like credit cards. Although a credit-card allows you to get loans to pay for the costs of the transaction while a debit credit card can only be used to purchase money that you already have in your account.
Interac Flash
To prove how Interac is at the cutting edge of the payment industry, Interac presents its customers with Interac Flash. This gives you the opportunity to pay non-contact at any of the merchants that use a POS terminal. For this it’s just a matter of having to hold your card to the terminal device , and the transaction will take place. This is achieved by an application of NFC (Near Field Communication) technology as all modern credit cards have an NFC chip. However, it doesn’t end there.
This same technology can be found in the modern smartphones and that’s the place Mobile Interac Flash comes in. Simply put, you can store your credit card details using your smartphone. You can then use that make payments where the typical scenario would require a card. But, of course, your smartphone has to be fitted with an NFC chip, and your bank institution must support Interac Flash. As of the date of this post, more than several dozen payment institutions are support and the list is getting longer. There are far numerous names that we cannot mention here, however you can browse the complete listing on the Interac website.
Interac e-Transfer
Interac e-Transfer is yet another new method for making payments online. The service allows you to directly transfer funds from your bank account in just a couple of clicks. It’s very convenient for those who make payments as they won’t be required to provide any security details, provided that they’ve already set the service up.
If you want to allow Interac e-Transfer simply log in to the online banking account of your financial institution and go to how to access the Interac e-Transfer settings. Then, you’ll need to submit your email address and phone number. When this is done you’ll be able to make payments at the touch of a button and the only requirement is that you input the number of the person who is paying or email address. There are numerous banks that offer this type of feature, and you’ll be able to make excellent utilization of the feature.
Interac Online
Interact Online is the online banking feature that we have required at some time. It allows you to pay online, with the funds being directly taken through your checking account. Although this might not sound unusual, it should be noted that while traditional bank transfers can take a couple of days to clear, Interact Online allows you to make instant payments. To do this , you just need to connect to Interact Online’s payment gateway, which will open your Interac Online login screen. In the next step, you’ll be required to login to Interac and then select the account you wish to transfer the money , and then confirm the transaction.
When you take this approach you’ll enjoy absolute anonymity and the payee won’t be able to observe your banking or personal information. This is due to the fact that Interact is a middleman between two parties. This makes the feature appealing and privacy-conscious people are sure to appreciate the feature. There are a plethora of banks that offer Interac Online. For a full list of names, see the Interac Online subpage on the Interac website.
