Interac Canada is an online money transfer service that works as an interbank network. It is definitely one of the most trusted and most widely used payment methods in the country.
Firstly, this is due to the fact that the big Canadian banks allow Interac payments. This means that almost any person with a bank account in the country can make seamless and fast transfers. Furthermore, the transactions are instant and fully transparent which makes this payment method trustworthy and convenient.
How does Interac Canada work?
Interac e-transfer works as a standard bank or wire transfer, but it uses a technology that helps to deliver the payments much faster. If you send money to your friend in Canada through Interac e-Transfer, they will arrive instantly, or at the most within 30 minutes. You will receive a security question and answer in order to finalize the transaction. Both your and your friend’s answer should match in order for the transaction to happen. It’s pretty simple, yet very convenient and fast.
Why Interac is the best payment option for Canadian casinos?
The majority of online casinos and betting sites that operate in Canada accept payments with Interac. First of all, this is due to the fact that the payment option is widely used among Canadian users. By accepting Interac payments, the online casinos can reach a large audience. Moreover, it shows that the operator is ready to answer the player’s needs and to make his visit to the casino more convenient by introducing a local method of payment.
With all the advantages of Interac Canada, it’s no wonder why it is among the most popular casino payment methods in the country. There are no hidden charges and fees for processing; the process is simple even for beginners, and most of all, it’s 100% safe.
Another big plus is that you don’t even have to open a separate Interac account. The payment method is based on the bank account, so if your bank already accepts Interac payments, you are good to go. No more login details to remember and passwords to save.
Casino players can use Interac both for deposits and withdrawals. Usually, the payments are instantaneous but they can take up to 30 minutes to be processed.