Online Casinos With Interac Online

Interac Online is one of the leading online payment solutions available to Canadian players. The company behind it is Interac Corporation, which was established back in 1984 as the Interac Association, a cooperative initiative between major Canadian financial institutions. This was a way to give Canadian users more control over their funds, by implementing a shared network for monetary transactions. Over the decades, Interac has improved greatly, becoming better with every passing year. Currently, it has reached the point, where it is one of the top transaction services available in the country.

Online casinos have taken note of the service’s popularity and have acted accordingly. You will find that there are many gambling websites out there that are more than happy to accept a deposit via Interac Online. There is a reason why this payment method has become as popular as it has. The sheer convenience that it offers cannot be easily matched, nor the quality of the services in general. In this article, we will explore what makes Interac Online an excellent transaction method and give you some general insight into how you can use it for your gambling purposes.

How Interac Online Works

When you first look up Interac Online, you will notice that the service comprises of multiple different products. Each of these is slightly different from the others and each can help you accomplish a different purpose.

Interac Cash

interac cashInteract Cash is one aspect of the overall Interac service and it will allow you to withdraw cash from any Automated Banking Machine (ABM) which has the Interac logo. The service is available to all users of Interac who own an Interac branded debit card. The process is much like withdrawing funds using a standard debit card issued by your bank.

You will have to insert your card, select the account from which you wish to withdraw, enter your PIN and confirm the transaction. Anyone who has ever used an ABM will already be familiar with how it works. Moreover, this service will allow you to easily transform your funds from virtual to physical, something which not every online payment solution can boast. Additionally, you will not be charged any fees by Interac for withdrawing money.

Interac Debit

interac debitInterac Debit gives you the option to make purchases both online and in the real world. This aspect of the Interac service will provide you with an Interac-branded debit card, much like one that you receive from a bank when opening an account. This card can be used on any POS terminal that a merchant would have in their store.

Additionally, you can also use it to make transactions online, for example, to fund your online casino balance. A payment made with a debit card is processed in real time, meaning that the funds will immediately leave your account and reach their designated destination in seconds. Something which you should keep in mind is that debit cards are not the same thing as a credit card. Whereas a credit card allows you to take out a loan to cover the cost of the transaction, a debit card can only be used to spend money that you already have in your balance.

Interac Flash

interac flashAs proof that Interac is at the forefront of the payment industry, the company presents with Interac Flash. This will give you the opportunity to pay contactless at many merchants with a POS terminal. To do this, you will simply have to hold your card to the terminal device and the transaction will be completed. This is achieved through the use of NFC (Near Field Communication) technology, with all modern cards being equipped with an NFC chip. However, it does not end there.

The same technology can be found in modern day smartphones and this is where Mobile Interac Flash comes in. Basically, you can save your card info on your smartphone and use that make payments where you would normally need a card. Of course, your smartphone must be equipped with an NFC chip and your banking institution has to support Interac Flash. As of the time of this writing, more than several dozen payment institutions are support with the list becoming ever longer. There are simply too many names to list here, but you can view the full list on the Interac website.

Interac e-Transfer

interac etransferInterac e-Transfer is yet another cutting-edge method of making payments online. This service will allow you to transfer money directly from your bank account with only a few clicks. It is very convenient for payers as they will not be asked to supply any security information, provided that they have already set up the service.

To enable Interac e-Transfer simply log in to your financial institution’s online banking and find the Interac e-Transfer settings. There you will have to provide your email or telephone number. When this is done, you will be able to make payments at the click of a button, with the only requirement being that you enter the payee’s phone number or email address. There are plenty of financial institutions that support this feature and you will be able to make great use of it.

Interac Online

interac onlineInteract Online is the online banking feature that we have all needed at some point. It will allow you to make payments online with the money being taken directly from your bank account. While this may not sound too special, it should be noted that while traditional bank transfers take up to several days to clear, Interact Online allows you to make instant payments. To do this you will simply have to access the merchant’s payment gateway which will bring up the Interac Online login screen. From there, you will have to log in to Interac and select the account from which you would like to send the money and simply confirm the transaction.

When you take this approach, you will benefit from absolute anonymity and the payee will not be able to see your personal or banking information. That is because Interact acts as a man-in-the-middle between the two parties. This makes this feature highly favorable and privacy-conscious users will no doubt appreciate it. There are a plethora of financial institutions that support Interac Online. For a full list of names, see the Interac Online subpage on the Interac website.

Making a Deposit With Interac Online

deposit with interac onlineAs we have already covered, making a deposit with Interac Online is very simple and practically anyone can do it. When you have already registered an online casino account, simply head over to the cashier page and select the online baking option. From the list of support services, choose Interac Online. A window will pop up asking you to log in.

After logging in, select the account that you wish to charge the money to, enter the amount you wish to transact and confirm the payment. The whole process will take no more than a minute and after you are done with it, your casino bankroll will be ready and waiting.

Making a Withdrawal With Interac Online

The process to request a withdrawal is very similar to making a deposit. Basically, you will be asked to go over to the cashier page and select Interac Online from the available online banking options. After entering all the relevant information, you will have to confirm the transaction and simply wait for the payment to clear.

Fees and Charges

interac feesNaturally, when using this service you will no doubt ask the question how much it would cost you. As it happens, nothing in life is free and even the best parts have some strings attached. In the case of Interac Online, however, you will find that it is not as steep as one would expect a service of this quality to be. In fact, it is quite cheap when compared to its competition. Each aspect of Interac comes with a different price point and we will give you a brief rundown on how much you can expect to pay when using the service.

When you utilize Interac Cash, you will find that every time you seek to withdraw money from an ABM, CA$0.006243 will be removed from your balance. Additionally, the ABM owners may charge you for using their machine. This fee usually amounts to CA$2.00, but it could vary between the different providers, being either higher or maybe non-existent.

As far as Interac Debit is concerned, for every transaction that you make using the debit card, the company will charge you CA$0.005759.

As you can see, Interac is quite cheap to use and, with the exception of the fees mentioned above, the service is completely free on the user’s end of things. In fact, it is the merchants, or in our case, the online casinos that bear the cost for the transactions. This makes Interac Online one of the most affordable online payment solutions out there and perfect for those looking for a cheap means of making a deposit.

What you should bear in mind, is that the figures mentioned above are only the most recent ones, as of the time of this writing. Interac changed some of its billing structures at the beginning of 2018 and this might happen again in the future. Additionally, you should keep an eye out for any fees imposed by your own banking institution. While Interac may not charge you much directly, your bank might have different ideas.

Advantages of Using Interac Online

interac advantagesThere are plenty of reasons why you should use Interac Online as opposed to other payment solutions. If you have been paying attention, you will have noticed that there is plenty of versatility in the services that Interac can offer you. Depending on your needs, you can benefit from a debit card, online banking service, direct e-Transfer and more. It is excellent to have this many options and you will have difficulty in finding another payment method that can match those of Interac. Basically, whichever feature of the service you choose to use, you will be fully satisfied.

Something that you may not immediately take into consideration is the fact that Interac Online allows you to make instant transactions at the click of a button. This level of convenience is not to be overlooked, as it will allow you to instantly jump into your favorite games and start placing bets. Moreover, the transactions will be carried out in complete anonymity due to the security features embedded in the service. While you would have to connect your personal online banking account with Interac, the online casino will never know where the transaction comes from. Since Interac is the one processing all payments, it will simply appear as ‘Interac Payment’ or something of that nature. This means that wherever you choose to play, your personal and banking information will remain safe.

Interac Online comes with some of the best consumer protection policies that you will come across. Their Zero Liability policy means that you cash will always be safe in the unlikely event that someone manages to gain access to your online banking profile. Canadian Law dictates that payment institutions have to be able to guarantee the safety of users’ funds and Interac is a shining example of how a customer can be treated. If for any reason your Interac balance becomes compromised as a result of actions which are not responsible for, your banking institution will see to it that that full sum of your funds is returned to you. However, this should not be taken as a free pass to be careless, as the bank will definitely launch its own investigation to get to the heart of the matter. As a result, you should always protect your PIN and check your bank statements regularly. Moreover, if your card is stolen or you lose it, be sure to let the appropriate institution know.

Interac Online is one of the most accessible services available to Canadian players due to the high number of banking institutions that have come onboard with it. This means that just about everyone in Canada will be able to make use of this excellent service. The sheer number of banks that have chosen to participate is simply astounding and users from all over the country will have access to Interac Online. While not every bank supports each individual feature of Interac, the vast majority of them do thereby, making it one of the most widely available services in the country.

Overall, there are many great things about Interac Online. Ranging from quick transactions to guaranteed anonymity, to high accessibility, Interac Online can be the ideal payment solution for those looking for efficiency and security at a low cost. With Interac Online, you will be able to make payments to any merchant or website that supports the service. Deposits are easy to make and the e-Transfer and Online features make it possible for you to immediately start playing with your funds.

Disadvantages of Using Interac Online

interac disadvantagesHaving covered the positives of the service, it is only fair to inform you about its downsides, as well. Sadly, no payment solution is perfect and as good as Interac Online is there are some shortcomings that will no doubt be problematic for some users. For starters, the most obvious disadvantage to consider when using Interac Online is that it is not the most widely supported service in the online gambling world. As a result, you may have a hard time finding an online casino that accepts payment via this service. Granted, there are a substantial number of gambling websites that support regional payment solutions, but Interac is still relatively unpopular when compared to the likes of Skrill or Neteller. If you are set on using this payment method in particular, then we recommend that you first try the larger casino brands, which are more likely to support Interac Online.

Another disadvantage is the inability of international players to use the service. Interac Online is only limited to those with a Canadian bank account and while this does not affect Canadians it excludes a large portion of the online gambling community from benefiting from it. This directly correlates with the problem that we outlined above. If Interac Online became more accessible on an international level, more people would use it and therefore, more online casinos would support it. Unfortunately, as it stands currently, the service will remain available on for those on Canadian soil.

Additionally, while the service is relatively cheap, there may be some fees imposed by third parties. For example, online casinos may charge a commission since Interac Online is not their top payment solution. The amount will vary from website to website, but it is generally agreed upon that transaction fees at online casinos are between 2.5% and 5% of the total sum. This is not a lot of money for a one time deposit, but over time it may start to pile up. For this reason, we advise that you find an online casino that does not charge you for topping up your balance. It is a gesture of goodwill on the online casino’s part and you may sometimes expect better service because of it.

When it comes down to it, the negatives sides of Interac Online pale in comparison to its positives. Users of this report that their experience was good for the most part and any downsides are insignificant and can, therefore, be neglected.

Security

interac securitySecurity in the realm of the Internet is becoming an ever-greater concern. When we submit our personal data to a website, we have to be sure that this information will remain away from those who are not authorized to view it. This is why multiple security measures have emerged in the last few years that have successfully been able to secure the safety of our personal and banking information. In the case of Interac Online, you will find that this service is one of the most secure and reliable out there. Part of the reason is that you will never be asked to supply any data that is not immediately necessary to the purposes of your transactions.

Using Interac Online will not require of you to submit any personal information about yourself, instead, you will simply have to set up the service in the settings of your online banking, which the online casinos will not be able to access. Moreover, when making a deposit to an online casino, the website will not see any of your personal or banking information. Rather, all that will appear on the transaction details is that it was processed via Interac. Additionally, online casinos have their own security systems in place to prevent any data theft. Usually, this is high-end encryption technology which encodes all data that goes through the casino’s servers, making it completely unreadable to anyone else but you.

Security of personal data on the Internet is also mandated by government regulation and you will find that all legitimate services and websites, including online casinos, comply with these laws.

Customer Support

interac supportEvery now and then, users may experience difficulties in using a particular service. In moments like these, we have to rely on the customer support team to resolve these issues and explain to us what went wrong. Interac Online greatly values their customer base and seeks to right any wrongs that may befall users during their experience with the service. In the event that you need assistance, you can always contact the highly competent customer service team that manages all communication between the users and the company.

On the ‘Contact Us’ page on the Interac website, you will be able to find a highly detailed form regarding the Interac e-Transfer feature. There you will be able to fill in all relevant information about your problem and you will be asked to supply details of the transaction that you wished to send, such as your Interac e-Transfer Reference Number, your problem, the transfer amount, your role in the transaction (sender or receiver) and if you have contacted your bank prior to submitting the form. Additionally, you will have to supply some information so that the team can reach back to you, such as your name, email address, phone number, and your preferred language of communication.

If that does not meet the needs of your enquiry, there are other ways in which you can establish contact. One would be to send an email to etransfer_support@interac.ca, in which you provide substantial details about your problem. Typically, you can expect a response within 24 hours, but since the support team works diligently, you will likely receive a follow-up email in the next few hours. Alternatively, you can always dial the toll-free number which the company has supplied, where you will be able to speak with a representative personally and explain your issue to them.