Top 10 Interac Live Casinos

Interac is now an online payment method but the Canadian company was founded in 1984 to assist a small number of companies that provided financial services. Interac is an alternative to debit card payments and has become popular as a payment method thanks to the speed at which transactions can be completed.

It is an easy process to use and thanks to the security measures, it is also a safe one. Services can be provided to customers in both French and English and there is a range of products that will help to make online transactions safer and more convenient.

About Interac
About Interac

About Interac

Interac offers a variety of products as part of its services. These include Interac Cash, Interac Credit, Interac Online, and Interac e-transfer. This is a payment method service that allows users to pay for a variety of products and services without the providers of those services having direct access to their bank account for transactions.

It acts as a barrier, providing additional security and peace of mind for users. The services are mainly offered in Canada so it has become a popular payment method for Canadian sites and in recent years it has grown in popularity so that more and more online services are adding it as a payment option to give their customers peace of mind.

However, it is not just about depositing money to an online casino account. It can be used to withdraw any winnings too. The process for this can take between 4 and 6 business days and then the money will be deposited into the chosen bank account.

Some banks may choose to apply a small fee to this transaction but this will vary according to the institution so the user should check this in advance. It should be noted that Interac does not charge the user for its services.

About Interac
History of Interac

History of Interac

Interac is a network that was originally 1984 by the Interac Association, a non-profit organization. This was a joint venture that was set up by a total of 5 financial companies. These include Scotiabank, RBC and Desjardins.

However, since 1984 the number of organizations that are a part of the association has grown to more than 80. In 1996, this association launched a counterpart company, also a non-profit organization, called Acxsys. It was this second company that launched the various services that are now offered by Interac including the very popular e-transfers.

Between 2008 and 2013, there were several attempts to merge Interac with Acxsys. These did not work – either some of the co-owners put a stop to it or it was prevented by the Competition Bureau.

However, a further attempt to complete this merger was successful and the Interac Corporation was formed in 2018. The offices for the corporation can be found on the Royal Bank Plaza in Toronto. Over the years the services offered have developed in response to the growing reliance on online transactions. They now offer services in both French and English to Canadian customers and customers use them to complete payments to online casinos and other service providers.

History of Interac
How to make a deposit with Interac

How to make a deposit with Interac

Making a deposit with Interac is easy and quick. The user will need to have an email address and a mobile phone number. This will allow them to receive notifications and give them the ability to answer the necessary security questions.

The funds are transferred to an online casino account from a bank account. The process means that the user does not have to give any personal information to the online casino such as bank account details. In addition, the user would need to have adequate funds in their bank account to use the Interac service.

All the user has to do is select Interac as a payment method when they are adding funds to their online casino account. This will let the user select their bank and then a fresh window will open. This is where the user completes their banking details. The online casino does not have access to this information. The final step is to confirm the transfer amount.

How to make a deposit with Interac
Using Interac in Online Casinos

Using Interac in Online Casinos

The popularity of Interac casino payments means that those using online casinos are now favoring this as an online payment method, particularly when taking part in online casino games. The number of online casinos that accept Interac as a payment option has also grown in recent years.

As already mentioned, when using this payment method for an online casino Interac forms a barrier between the casino and the user's bank. When opting for e-transfers, the user may have to choose a secret question and answer, so on occasion, the answer to the question may be needed before the transaction is completed.

Users should be aware that if selecting the e-transfer option, it could take around 24 hours for the funds to appear in the online casino account. Interac Online is the faster option and the one that is recommended for topping up an online casino account. In most cases, the minimum amount that you will be able to deposit is CA$10.

Using Interac in Online Casinos