Here is a brief overview of all Interac services you might be interested in as a casino player.
Interac Debit – You can make payments wherever you see the Interac logo. Transactions are instantly approved. The Interac debit works as the debit cards you are used to. You can only use it if you have available funds, which helps you avoid overspending.
Interac Flash – Flash is a contactless debit solution that eliminates the need of carrying a plastic debit card with you. All you need is a smartphone with a NFC functionality. On the downside, you cannot use Interac Flash for making large transactions.
Interac e-Transfer – The e-Transfer is probably the most suitable option for casino players as it allows you to deposit funds and request payouts in a breeze. To initiate a transaction, you only need the phone number or email address of the recipient. Then, you need to log into your account, select your banking institution and enter the required information.
The e-Transfer also enables you to request funds. For the purpose, you need to enter the information about the person/ organisation you expect to receive money from and confirm the request.
Interac Cash – This service allows you to withdraw funds from your bank account just like you do with a standard debit card.
Interac Online – this is yet another suitable service for online casino players. It enables you to make payments in a fast and secure manner. Funds are available in a few minutes. Apart from online casinos, you can use Interac Online for making purchases from online retailers.
Casino Deposits via Interac
To make an online casino deposit, you need to log into your online banking system via your PC or mobile device and select Interac from the list of available options. Then, you will be asked to enter the details of the recipient, as well as the amount you would like to deposit, and confirm the transaction. The tricky part with the Interac deposits is that you will have to provide a security answer or else the transaction will not be completed.
Casino Withdrawals via Interac
Your withdrawal will be processed once you enter the security answer provided by the casino. Funds become available almost instantly.
The bank you have an account with might charge you for sending and receiving funds via Interac. Speaking of banks, it is essential to check if your bank supports Interac as a payment service.
Countries where Interac is available
Interac is only available to players with a Canadian bank account.