The Interac company is one of Canada's leading payments and transactions companies. The organization has been providing secure transactions to customers for over 30 years and has one of the lowest fraud rates in the world.
What is Interac
In addition to Interac e-Transfer, Interac Cash, Interac Debit, Interac Flash, Interac Online, mobile payment solutions and international options are also among the services of the company.
Canadian cardholders can pay at approximately 2 million US retailers. Furthermore, foreign cardholders can gain ABM access for cash withdrawals in Canada. It is not without reason that it is one of the largest firms in the financial industry in Canada and has a lot of experience.
The first three services were originally offered from 1984 and have been expanded in the years that followed.
A product for your preferences
Interac is therefore a Canadian company by origin. It operates in the financial services industry and offers a variety of digital cashless, contactless and other payment products. It offers the following services to its clients:
eTransfer
Interac Debit
Flash
Debit on Mobile
Interactive Online
Cross Border Debit
Interac Cash
Each of these products is made for different purposes. With so many products in this company's portfolio, the firm allows users to decide which product is best for them.
Interac is a company that is also used a lot by players in online casinos. In most casinos this way of payment is accepted and you can easily deposit your own money into your account to play.
How does it work?
Deposit
Both Interac Online and e-Transfer are accepted payment methods for various casinos in Canada. To deposit money into your online casino balance with both options, you must first go to the cashier of the online casino. There you select the option for online banking. The new window will then ask you to log in.
You can then choose the bank account you want to withdraw money from and confirm the transaction. However, there is one important thing you should pay attention to. Although Interac Online is supported by more than 1 Canadian banks, the reality shows that many online casinos only accept a few. So pay attention, otherwise you will have to select e-Transfer as the payment method, although it works a bit slower than Interac Online.
Verify payments
If you want to use Interac's e-Transfer, you need separate access to your bank account to make the transfer via email. The handy thing at online casinos is that you get a unique email and security question with an answer to verify the payment.
The main advantage of e-Transfer is that the list of banks is much longer than with Interac Online. It may work a bit slower, but it is much more accepted than Interac Online.
Beide payment methods are very safe because of all the security measures the company has applied. So you do not have to worry that your information will end up with third parties. You also know at the company that your money is safely stored and you are very well protected against fraud.
Record
The good news is that many casinos that accept Interac products as a deposit method also let you withdraw your winnings through the same financial service. However, this is not the case for all online casinos. So make sure to check if you can use the same method to deposit and cash out.
If the casino supports Interac Online for withdrawal, the process to withdraw the money has also been made very simple. You just have to go to the payout page and choose Interac as the payment method.
Then find your bank, enter the amount you want to withdraw and confirm the transaction. Then you can wait for the payment to be made and you will have the money in your account.
Easy to use
In 2016, nearly 160 million Interac e-Transfer payments were made with a value of more than $ 60 billion. The service allows users to send and receive money via online or mobile banking, while comprehensive banking procedures protect cash.
The implemented security measures include authentication and transaction encryption, ID and password issued by the financial institution and a secure login process. With the Request Money function that the firm offers, you can easily request payments as a customer. While the Auto Deposit feature makes it possible to have money automatically deposited into your own bank account.
The company has made all this very simple so that many different types of users can choose this payment method. You can use it for many different transactions online and offline.
