In a few years, Interac has become one of the most popular payment methods in online casinos across Canada. Thanks to unique features the channel introduced to gamblers.
Interac transactions use Gigadat as a processor to transfer funds directly between two parties. This is a sharp contrast to e-transfers, which are processed by financial institutions. Wonder what the difference is?
This article explains the benefits of Interac casino banking and how Interac became famous in the country. But first, let’s see a concise list of the best Interac spots online.
Top Online Casinos Accepting Interac as a Payment Option
Various considerations are made when it’s time to shortlist casinos that use Interac. It’s not enough that there’s a trustworthy vendor there; we must see sufficient competition as well.
We also don’t forget fundamentals like game quality and variety, customer service rating, and bonuses on offer. Clearly, we know our onions and should be believed when we say the online casinos Interac listed at Leafletcasino.com are the best the internet presents. Play at any of these sites is superb and intense due to the range of titles and the handsome payout percentages.
Too busy to head over and check them out? We’ve prepared a similar shortlist you can cross your heart on below:
We’d ask you to visit any immediately, but you still haven’t learned what makes this payment method so famous. Now, let’s get down to business, but first, why don’t we see what necessitated the invention of Interac?
Legal Issues Hindering Online Casino Transaction Processors
Online casino banking providers have faced disturbances from the legal authority. Why? Gray areas in laws that anyone can interpret as desired.
A common one is an obligation that payment processors have to be licensed by the government of their states. In 2007, Neteller (a UK corporation) facilitated transactions for American casinos without a license from the US government. The payment method was sanctioned.
The same issue happened in Canada with Skrill and Neteller, but the Canadian Criminal Law Code wasn’t empowered to punish foreign organizations. Regardless, both processors left the country due to the hostile environment. This, among many reasons, made it difficult for Canucks to deposit money at these sites.
However, Interac’s partnership with Gigadat Solutions Inc. has since resolved these issues. Both are Canadian-based and are in charge of ground-breaking technology. The result? An exceptionally trustworthy payment method that the University of Victoria’s Gustavson Trust Index ranked 4th across North America.
Arrival of New Casino Banking Methods in Canada
The Canadian online casino gaming space has seen the introduction and withdrawal of numerous payment processors over time.
Only a few e-wallets, like iDebit and ecoPayz, have succeeded. It’s noteworthy that the casino banking industry is unique. PayPal has little market share despite its dominance in other aspects. In addition, prepaid cards are becoming highly popular among Canadians. It is due to the success of icons like PaySafeCard, Neosurf, and Flexepin. Now, you can add cash to your casino account through the nearest gas stations and stores.
Why Interac Online Became so Popular in Canada
Upon its introduction, Interac Online resolved major problems casino players were facing with depositing at digital casinos. They included unaffordable charges and delayed processes. With these issues, you never come across sites with Interac. Below, we look at three reasons this payment method is reliable in the country.
Speedy transactions form the basis of gambling at online casinos. A system without instant deposits makes life difficult for players. For instance, should players run out of site credits, they will have to wait before their deposits reflect, and they can continue playing.
As such, the Canadian populace fully accepted Interac’s delivery of a method that completed deposits within minutes. It was a new feature.
Low Transaction Fees
Credit cards charge as much as 25% annual cashback on cards used to make casino payments. Interac introduced itself with a sharply contrasting template. Canucks were enamored with a payment channel that would never charge a fee on their casino transactions.
This is because Interac charges the casino instead of the player. The fees are affordable, too, as deposits worth up to $50 cost below $0.5. Subsequently, Interac casinos don’t charge a significant fee on transactions.
The back-and-forth nature of banking at online casinos makes it mandatory for gambling venues to provide players with safety measures. Why? Information shared online can be used by hackers to hurt you if successfully hacked.
Fortunately, Interac deploys many safety tactics to keep you safe. The first is the encryption pact it creates with every casino it partners with to ensure users’ data isn’t compromised. Additionally, there’s the banking pin feature which ensures that you’re the only one who can access your account.
Best Tips for Using Interac as a Casino Banking Method
Interac is a simple casino banking channel. You can master its functionality from the first time you use it. However, its preference for online casinos requires extra care. This section recommends proven tips that’ll help take that care.
Keep Your Pin Safe
This is an obvious one, isn’t it? Interac works with a pin. Without it, an account can’t be accessed. Common advice is to ensure you log in to the account on your phone only.
Select a Site With Alternatives
While Interac has remained excellent since its inception, few systems can run smoothly forever. As such, sites with specific casino payment methods come highly recommended. Sites with these banking alternatives alongside Interac ensure you aren’t stranded in case of a breakdown in any system.
Watch Out for Phishing Sites
If you’re a member at a casino, there’s a chance you’ll face the phishing version. Phishing sites are structured similarly to your original casino to mislead you into entering your login details. To prevent falling prey, always endeavor to confirm the spelling of your casino address.
Interac may have broken out in online casino Canada gambling only in 2019, but it’s clear that the payment processor sits among the best. The brand assures players of speedy deposits, charge-free transactions, and safe dealings. However, remember to keep your pin safe and look for fake websites before playing at any Interac casino. Want to do yourself the favor of eliminating these risks by gaming at casinos with standard security measures? Consult the list above and find your ideal brand!