As an Canadian playing online at a casino, there is the advantage of choosing from numerous payment options to play on different casinos. There are a variety of payment options specially designed to be suitable for any player that wants to play casino games on the internet from their home country and enjoy secure and safe online banking.
One of those solutions is Interac. If you look through casinos online that target Canadian players, you will see that most, if not all use Interac as a payment method. What is the reason why Interac so popular as a alternative to pay at casinos online?
To begin, Interac is a massively popular payment solution in Canada because it was initially launched in 1984 as one of the debit cards and national payment system to cater to every Canadian citizen and provide them with a reliable secure, safe and secure method to transfer money across and beyond the borders of Canada.
It collaborates…
…with hundreds of major Canadian banks and is run via Acxsys Corporation and Interac Association two non-profit companies comprised of merchants, credit unions such as financial institutions, trust companies as well as payment companies, as well as other affiliated banking establishments. It has succeeded in reaching the largest of, if not all Canadian residents to give them access and provide them with seamless transactions both online as well as offline.Read more datemania At website Articles
There is a solution…
…offers various electronic transactions that can be used to make money transfers, cash withdrawals and, shopping. In terms of point-ofsale terminals, instant payments and ABMs You can choose the Interac Debit Services, Flash and Cash. There are two more, which are popularly used by casinos online, Interac Online and Interac eTransfer.
Due to their numerous supported platforms…
…versatility versatility, ease of use and above all, safety They do not leave behind traditional payment options when it comes to the popularity of these methods across Canada. They provide customers with simple and easy payments and transactions, particularly online. Secured by powerful system for preventing fraud and SSL encryption They allow fast and safe transactions directly via bank accounts.
Interac Cash
Interact Cash is one component of the Interac service and it will allow you to withdraw money from an Automated Banking Machine (ABM) which has at least the Interac logo. It is available to all users of Interac that own an Interac debit card that is branded with the Interac logo. The process is much like withdrawing funds using a standard account issued by a bank.
You will have to insert your credit card, select the account from which you wish to withdraw, enter your PIN and complete the transaction. Anyone who has utilized an ABM is well-versed in the operation. Moreover, this service will permit you to quickly convert your funds from digital to tangible, something that not every payment service online can boast. Furthermore, you will not be charged a fee from Interac when you withdraw money.
Interac Debit
Interac Debit gives you the possibility to purchase items online as well as in real life. This is a feature of the Interac service will offer you the Interac debit card just like the type is provided by a bank to open an account. This card can be used at any POS terminal that merchants could have in their shop.
You can also utilize it for transactions online, for example, to pay for your online casino balance. Payments made with a debit card is processed in real time, meaning that the funds are withdrawn from your bank account and arrive at their destination within a matter. What you should bear in your mind is that debit cards aren’t the same as credit cards. While credit cards allow you to take out money to cover the cost of the transaction, a debit card can solely be used for the purpose of spending the money you already have in your balance.
Interac Flash
To prove how Interac can be found at the forefront of the payment business, the company has launched using Interac Flash. This will give users the possibility to pay cash-less at many stores using an POS terminal. To make this happen it’s just a matter of having place your credit card on the terminal device and then the transaction will take place. It is accomplished by making use of NFC (Near Field Communication) technology that is present in all modern cards that are equipped with an NFC chip. However, the technology doesn’t stop there.
The same technology is found in the modern smartphones and that’s where Mobile Interac Flash is available. In essence, you can store your card’s details using your smartphone. You can then use to make transactions where you would normally need to use a credit card. But, of course, your phone will need an NFC chip and your banking institution must be able to accept Interac Flash. At the moment of writing more than a dozen payment institutions are support while the list grows longer. There are more names than we can mention here, but you can look up the entire of the list by visiting the Interac website.
Interac e-Transfer
Interac e-Transfer is yet another new method for making payments online. This service will allow the transfer of funds directly to your bank account with just a few clicks. It’s very convenient for clients as they will never be required to provide any security details, provided that they’ve set up the service.
To enable Interac e-Transfer simply log in to your financial institution’s online banking and search for the Interac e-Transfer settings. There you will have to submit your email address and phone number. Once you have done this you’ll be able to make payments with the click of a mouse The only requirement being that you enter your payee’s phone number, or email address. There are plenty of financial institutions who support this function and you’ll have the ability to make good usage of this feature.
Interac Online
Interact Online is the online banking service we’ve often needed. It lets you pay online and have the funds being directly taken to your savings account. Although this may not sound to be a lot, it needs to be pointed out that while traditional transfers take up to several days to process, Interact Online allows you the ability to pay for your purchases instantly. To do this you will simply need to go to the payment gateway used by the merchant, which will bring up an Interac Online login screen. From there, you will need to sign into Interac and then select the account to which you would like to send the money . Then, you can confirm the transaction.
If you choose to use this method then you’ll be able to enjoy absolute anonymity . The payee won’t be able to know your personal or banking details. This is because Interact serves as a middleman between two parties. This makes this feature highly appreciated by privacy-conscious users who are bound to be delighted by the feature. There is a wide array of banks that offer Interac Online. For a complete list of names, go to the Interac Online subpage on the Interac website.