Overview: Popular Payment Services in Canada
Founded in 1984, Interac e-transfer is a familiar name to most Canadian-based online gamblers. This service allows users to transfer money between their online banking accounts to their online casino gaming accounts without having to share banking or financial data with any third party.
The service has a lot in common with a debit card, as it only allows you to transfer the amount of money in your account. This is why you will often see its name used instead of Interac Debit. With internet payments rapidly increasing over the decades, it can be said that Interac is one of Canada's top choices when it comes to shopping online and making payments to an online casino account.
You can find a wide range of casinos that accept this service as a method of payment, to name a few of them, including:
Advantages and Disadvantages of Interac E-transfer
Be aware that one of the most important elements of any online casino payment method is safety. According to the actual situation, Interac has the lowest rate when it comes to credit card fraud and embezzlement. Another advantage of using this service is the ease of access. You can make the payment with your computer or mobile device at any time.
In addition, the service also supports fast money transfers, deposits are almost instantly credited to your account upon completion of the transfer and although you will have to wait a few days for the withdrawal, that is the standard for all the methods that we cannot do otherwise. The minimum fees are also worth mentioning and the fact that the transaction fee when using this service is smaller than some other methods.
To be honest, this service doesn't have as many flaws as other payment methods. One possible disadvantage is that Interac is not accepted by all online casinos today. However, if you are playing at one of the major bookmakers in Canada, you will definitely find it as a payment option.
How to Handle Payments at Interac E-transfer Casino Sites
To fund your account using Interac, you will first need to check if the site accepts Interac in their payment options. You will then need to create an account on the casino website. To fund your gaming account with this type of service, simply navigate to the cashier section on the casino website and select Interac as the preferred payment option.
You will then be redirected to your bank account for the verification steps. This option has a standard fee usually within $ 2, excluding fees the website might have.
Not only does Interac support deposits but you can also be used to withdraw your winnings. The withdrawal process is similar to the deposit. Simply go to the “withdraw” option on your online casino website and select Interac as the withdrawal method.
This service is favored by a lot of users because it is one of the fastest and safest options available. The money will arrive in your account after a few business days, which is standard for most payment methods. Besides, you will lose a very small fee, much smaller than some other methods, like PayPal.