As an Canadian on the internet casino you have the option of selecting from several payment options that you can use to play across casinos. There are a variety of payment options that are designed to suit any player looking to enjoy online casino games in their own country while still enjoying secure and safe online banking.
One of these solutions is Interac. When you go through casinos online which are targeting Canadian players, you’ll be able to see that most, but not all will accept it as a payment method. Why is Interac such a popular payment solution across online casinos?
In the beginning, Interac is a massively loved payment method in Canada since it was launched back in 1984 as the first debit card and national payment network that would serve all Canadian citizen and provide them with an efficient secured, safe, and secure means to move funds both across and out of the country.
It works in conjunction…
…with the more than 200 major Canadian banks. It is run via Acxsys Corporation and Interac Association which are two non-profit organizations made up of merchants, credit unions including financial institutions, trust companies along with payment companies and other affiliated banking establishments. In this way, it has been able reach the majority but not all Canadian citizens in order to provide them with access and provide them with seamless transactions, both on as well as offline.you can find more here datemania from Our Articles
…offers various electronic transactions that can be used for money transfers, cash withdrawals and, well, shopping. For point-of-sale terminals, immediate payments and ABMs they offer the Interac Debit Flash, Cash and Flash services. And the two remaining, which are used widely across casinos online, Interac Online and Interac eTransfer.
Because of their many supported platforms, they are able to support multiple…
…versatility along with convenience and, above all, safety, these services do not leave behind traditional payment options in the sense of their popularity across Canada. They offer users with easy everyday payments that are especially convenient when made online. Guarded by powerful system for preventing fraud and SSL encryption they allow swift and secure transactions directly with bank accounts.
Interact Cash is a part of the Interac service and it allows you to withdraw in cash at any Automated Banking Machine (ABM) which bears that Interac logo. The service is available to all customers of Interac who have an Interac debit card with the brand name. It’s similar to withdrawing funds using a standard account issued by a bank.
You’ll have to insert your card, choose the account from which you’d like to withdraw You will then need to enter the PIN number and confirm the transaction. Anyone who has had the pleasure of using an ABM will already be familiar with how it works. Additionally, this service will enable you to convert your funds from virtual into physical, something which not any other online payment system can boast. Additionally, you will not be charged any fees through Interac to withdraw funds.
Interac Debit gives you the option of buying items on the internet or in the real world. This part of the Interac service offers you an Interac debit card as similar to one you receive from banks upon opening an account. The card can be used at any POS terminal that a retail store might have in their establishment.
In addition, you may make use of it to perform transactions online, for example, in order to deposit money into your casino balance. When you make a payment using debit cards is processed in real time this means that the funds are withdrawn from your bank account and go to the designated location in a matter seconds. A thing you must keep in mind is that debit cards do not have the same benefits as a credit card. When a credit or debit card allows you to get credit to pay the cost of the transaction A debit card could solely be used for the purpose of spending cash you already have in your account.
In order to prove how Interac holds its place in the top of the payment market, the company offers the opportunity to pay with Interac Flash. This gives you the ability to pay cash-less at many stores using an POS terminal. To do this it’s just a matter of having just hold your card against the terminal and the transaction will be processed. This is done through this process using NFC (Near Field Communication) technology, with all modern cards having the NFC chip. But, it doesn’t stop there.
The same technology can be found in modern-day smartphones and that’s the area where Mobile Interac Flash comes in. It is basically a way to store your card’s details to your smartphone and utilize to make transactions where you would normally need the card. Naturally, the phone should be equipped with an NFC chip, and your bank institution must support Interac Flash. As of this moment there are more than a dozen banks are supported with the list becoming ever larger. There are numerous names that we cannot list here, however you can check out the complete collection on Interac website.
Interac e-Transfer is yet another new method for making payments online. It allows you to directly transfer funds from your account at only a couple of clicks. It’s very convenient for clients as they will never be required to provide any security details, provided that they have set up up the service.
To activate Interac e-Transfer simply log in to your bank’s online banking and search for it in the Interac e-Transfer settings. You’ll have to input your email or phone number. When this is done then you’ll be able to make payments with the touch of a button, with the only requirement is that you input the recipient’s phone number and email address. There are a lot of financial institutions who support this kind of function, and you’ll be able to make great usage of this feature.
Interact Online is the online banking feature that we’ve in all of us at some point. It will allow you to pay online using the money directly taken out of the account you have on your banking account. While this might not seem as unique, it should be noted that while traditional bank transfers can take a couple of days to clear, Interact Online allows you the ability to pay for your purchases instantly. In order to do this, you just need to connect to Merchant’s payment processing system which will display the Interac Online login screen. Then, you’ll be required to sign in to Interac and select the account you would like to send the money . After that, you will need to confirm the transaction.
When you take this approach and use Interact, you’ll gain complete anonymity. The recipient will not be able access your personal or bank information. It is because Interact is a middleman between two parties. This feature is extremely useful and those who are concerned about privacy will no doubt appreciate it. There are a myriad of financial institutions that support Interac Online. To see a complete list of names, go to the Interac Online subpage on the Interac website.