As an Canadian gambler online you have the benefit of selecting from numerous payment options to play across casinos. There are many payment solutions created to meet the needs of any player looking to enjoy online casino games within their home country and have secured and safe online banking.
One solution is Interac. When you check out online casino sites to join that cater to Canadian players, you will notice that most, if not all, of them use Interac as a payment method. Why is Interac such a well-known payment solution across online casinos?
In the beginning, Interac is a massively used payment method in Canada since it was introduced back in 1984 as one of the debit cards and nationwide payment network, which is designed to meet the needs of every Canadian citizen and provide them with a quick and safe method for transfer of funds both within and even outside of the country.
…with the hundreds of major Canadian banks and is operated via Acxsys Corporation and Interac Association which are two non-profit organizations made up of credit unions, merchants such as financial institutions, trust companies payments companies, and other related banks. So, it has managed to reach most of, if not all Canadian citizens to give them access to seamless transactions, both online and offline.
…offers several electronic transaction services that you can use to transfer funds, cash withdrawals, and well, shopping.At site datemania from Our Articles For point-of-sale terminalsthat allow immediate payments and ABMs they offer the Interac Debit cash, Flash and Flash services. There are two more, which are used widely across casinos on the internet, Interac Online and Interac eTransfer.
Due to their numerous supported platforms…
…versatility with ease, convenience and above all, safety, these services do not have a disadvantage over traditional payment methods in terms of popularity throughout Canada. What they offer is users with simple everyday transactions in particular when they are made online. Guarded by powerful fraud prevention systems as well as SSL encryptions The services enable fast and safe transactions directly to and from bank accounts.
Interact Cash is a component of the overall Interac service. It allows you to take money from an Automated Banking Machine (ABM) which bears an Interac logo. The service is offered to all customers of Interac users who own an Interac branded debit card. The process is much like the withdrawal of funds with a regular debit or credit card offered by your banks.
You’ll have to insert your card, choose the account from which you would like to withdraw money you will need to enter your PIN in order to authorize the transfer. Anyone who has had the pleasure of using an ABM is comfortable with the method of operation. Furthermore, this service will allow you to easily transform your funds from virtual into physical. This is something not any other online payment system can boast. Additionally, you will never be charged any fees through Interac for cash withdrawals.
Interac Debit gives you the option to make purchases both on the internet and in person. This aspect of the Interac service provides you with an Interac-branded debit card, very similar to the card you receive from a bank in the process of opening an account. The card is able to be used in any POS terminal that a retail store can use in their store.
Furthermore, you can make transactions online, for example, for the purpose of funding your online casino balance. When you make a payment using debit cards can be processed instantly, meaning that the funds will leave your account and get to their destination within a matter of seconds. Something which you should keep in your head is that debit cards aren’t the same as a credit card. While a creditcard permits you to get money to cover the cost of the transaction however, a debit card may only be used to pay money that is already in your balance.
To demonstrate it is true that Interac holds its place in the cutting edge of the payments industry, Interac offers with Interac Flash. This will give users the possibility to pay for transactions using contactless with many merchants who have a POS terminal. To accomplish this it is simply to connect your card to your terminal device and the transaction will be complete. It is accomplished by an application of NFC (Near Field Communication) technology which is the reason why all modern cards are featuring the NFC chip. But it doesn’t end there.
This same technology can be found in the modern smartphones and that’s where Mobile Interac Flash is in. Simply put, you can save your card information on your smartphone and use your phone to make payments when the typical scenario would require for a card. In all likelihood, the device must have an NFC chip, and your bank institution has to support Interac Flash. At the date of this post there are more than a dozen payment institutions are support and the list keeps getting larger. There are simply enough names for us to mention here, but you can look up the entire listing on the Interac website.
Interac e-Transfer is yet another revolutionary method of making payments online. This service allows you to transfer funds directly from your bank account only a few clicks. It’s extremely convenient for people who want to pay, as they will not be required to provide any personal information to secure the transaction, provided that they have set up the service up.
For you to activate Interac e-Transfer simply log in to your bank’s online banking and locate how to access the Interac e-Transfer settings. Here you’ll need supply your email address, or telephone number. Once you have done this you’ll be able to make payments with the click of a button The only requirement being the recipient’s phone number and email address. There are a lot of financial institutions that can support this type of feature, and you’ll be able to make full uses of it.
Interact Online is the online banking option that has every now and then. It will allow you to pay online and have the money directly taken through your checking account. While this may not sound to be a lot, it needs to be not forgotten that while traditional bank transfers can take a couple of days to clear, Interact Online allows you to process payments in minutes. To do this you will only have to enter the payment gateway for the merchant. This will display an Interac Online login screen. From there, you’ll be required to sign in to Interac and select the account you would like to send the money , and then confirm the transaction.
If you choose to use this method you’ll benefit from complete anonymity. The person paying you will not be able to see your personal or banking details. That is because Interact acts as a middleman between two parties. This feature is extremely appreciated by privacy-conscious users who will certainly appreciate it. There are numerous banks that offer Interac Online. To see a complete list of names, go to the Interac Online subpage on the Interac website.