When it comes to online casinos in Canada, Interac stands out for a multitude of reasons. Below are the key features that make this Canadian service an excellent payment method for online casinos.
Unmatched Security
Interac aligns with strict Canadian banking regulations and implements multiple layers of security, such as Secure SSL and two-factor authentication, ensuring your transactions are well-protected.
Effortless Usability
Using Interac is as simple as logging in to your online banking. If you’re already banking with Luminus Financial, BMO, RBC, Scotiabank, TD Canada Trust, or other Canadian credit unions, you can easily use Interac for your online casino transactions.
Quick Transactions
Interac boasts impressive transaction speed. Deposits are almost instant, allowing you to start playing right away. Withdrawals are also processed relatively fast, keeping you in control of your winnings.
No Fees
Interac itself doesn’t charge customers or businesses for using its services. However, other parties involved in the Interac payment or transfer process, which are connected to the Interac network, might have fees.?
Any applicable fees are clearly stated, so you’re not caught off guard by hidden costs. This feature allows you to budget your online gambling effectively.
Exclusive to Canadian Users
Interac accepts Canadian dollars only, making it a perfect fit for Canadian online casino players. You don’t have to worry about exchange rates or additional fees when you make a deposit or withdraw your winnings.
Partnership for Global Reach
Interac has partnerships with Mastercard and Western Union to facilitate international transfers. However, do note that these online transactions often incur fees and require the recipient’s banking details. This opens up options for you if you’re looking to extend your gaming to international casino sites.
Wide Banking Network
An array of financial institutions accept Interac, which means that you have plenty of options when choosing your bank. If you’re registered for online banking at any of the aforementioned banks or credit unions, you’re already good to go.