Keep your Identity Private by Using Interac for Online Transactions

Interac is a nonprofit online banking service that was established in Canada in 1984. Interac is an exceptionally secure payment method that can be used by online casino gamblers to exchange funds from their Canadian bank accounts to a casino or merchant without having their personal financial information revealed.

Interac

Canadians usually use this service for online shopping. But many are not aware this service can act as a payment method for online casinos and other online activities. So if you’re based in Canada and looking for a more private payment method, this option would work for you.

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100% up to C$200

Interac and Online Casinos

Canadian casinos offer an outstanding gaming variety when it comes to game selection. These online casinos remain rooted in providing popular casino games. Interac casino games include:

  • Slots
  • Table games
  • Roulette
  • Blackjack 
  • Scratch cards 
  • Keno

Casino Bonuses using Interac

With using Interac, all available bonuses are still available as when using other banking methods. Players will receive a deposit match as a new gambler and also receive membership benefits for loyal gambling. Members receive free spins when playing on real money slots, and depending on the player’s membership level, they can receive additional bonuses, as well.

Selecting Interac casinos means bonus options are vast. Players can either move on to immediate opportunities or claim lucrative bonus promotions that apply specifically for this payment solution. 

Available bonuses to Interac online casinos include:

  • Free spins
  • Free bets
  • No-deposit bonus
  • Match bonuses
  • Reload bonuses

Players need to be aware of the wagering requirements in place, which request players to play a certain number of times before being eligible for a withdrawal. That factor should always be noted when it comes to bonuses.

Interac e-Transfers vs. Interac Online

Interac Online and Interac e-transfers are both made available to online casinos as payment options.

Interac e-Transfers

Interac e-transfers are online Interac payment methods that can be used to transfer money to friends and family. Players can deposit by using an email address, and it’s widely available. When using this payment method at an online casino, players will provide a specific email address and a security answer to a question the bank account will request.

Interac Online

With Interac Online, the online casino gives the player a payment gateway for funds to be transferred directly. Players will access their bank accounts, as opposed to using an email address. This process is slightly faster than using Interac e-Transfers but is not available worldwide.

Deposits and withdrawals

Deposits and withdrawals for Interac e-transfers and Interac online differ slightly, but the process remains fast, easy, and useful.

Depositing with Interac Online

Steps to making a successful deposit with Interac Online are:

  1. Jump to the account section that deals with deposits and withdrawals and select “Interac Online”
  2. Enter your desired deposit amount
  3. Select the financial institution you will be making the transfer from
  4. You will be redirected to the site's payment gateway and turned to your bank’s website for processing
  5. Confirm your desired amount
  6. Receive a proof of payment notification
  7. Your casino account will be funded immediately
Depositing with Interac e-Transfers

Steps to making a successful deposit with Interac e-Transfers are:

  1. Jump to the account section that deals with deposits and withdrawals and select “Interac e-Transfers”
  2. Confirm your desired amount
  3. Select your financial institution 
  4. Provide the relevant email address and answer the security question requested
  5. Your casino account will be funded immediately
Withdrawing funds

Withdrawing funds for both payment methods is simple:

  1. Go to “My Account” 
  2. Click “Withdraw”

All online casino players should note that the following documentation will be required before being able to make a successful withdrawal:

  • Proof of Identity 
  • Proof of address
  • Proof of payment

Once all the requested documents have been submitted, deposits and withdrawals will be instant.

How banking methods are rated

Make sure the online casinos you are using have the following features in place when working with credible and reputable banking methods such as Interac:

  • Compliance with safety measures and security guidelines
  • Quick deposit methods and withdrawal methods
  • Helpful, effective, and efficient customer service
  • Quality game selection in the chosen online casino
  • Mobile app
  • Desktop app
  • User-friendly

Pros and Cons

Pros
  • Interac is a popular payment method used by Canadians, meaning Canadian players may gravitate towards using this method as an online casino method.
  • This payment method is attached to a personal bank/credit account, so a casino that accepts Interac makes provision for both deposits and withdrawals to avoid delays.
  • Anti-fraud measures ensure that credit cards, bank account details, and card numbers are made private to online casinos. 
  • Interac account charges are low.
  • Casinos that accept Interac have excellent customer support structures in place for customers in need of assistance.
  • Great bonuses to benefit from.
Cons
  • With recipient errors, the life cycle of the transaction expires in 30 days.
  • Notifications are done via email, which makes transactions vulnerable to having bad actors access online accounts.
Conclusion

With online payment options increasing, Interac is the online banking service to use. They provide the service in acting as the intermediary between providers and recipients while still clouding identities and creating a sense of privacy and protection to crucial information. This is definitely a leading name in the field.