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Interac is one of the most notable online casino banking platforms, offering a wide range of advantages for users. With most of its users based in Canada, Interac prides itself on quick deposits and withdrawals, extra privacy and security, and better control over the user’s casino spending. In this article, we will take a closer look at how Interac works, and also outline some of the advantages and disadvantages of making payments using Interac.

Interac Features

Interac was founded in 1984 to allow users to securely transfer funds between their bank accounts and online casinos without sharing their banking information with third parties. Over the years, Interac has grown to become a household name in the Canadian casino world.
Also commonly referred to as Interac Debit, this payment method is similar to debit cards in that it only allows the user to spend the amount of money available in their account. This feature makes it a popular choice for Canadian casino enthusiasts due to the increased control over casino spending.

How To Make Deposits Using Interac

The process of making a deposit using Interac is designed to be secure and straightforward. It is a little different from the other online payment methods since it involves using the bank account as well as the cashier area of the casino. The process usually goes as follows:
– The user selects the deposit option using Interact at the casino’s cashier section.
– The user confirms the casino’s payment information before launching their online banking.
– The user enters the casino’s payment details in the banking app and selects the account to pay from.
– The user selects the amount to spend and initiates the transfer.
– The user waits for the amount paid to reflect on their casino account.

Withdrawing Winnings Using Interac

While the deposit feature is instant, withdrawals using Interact may not be as fast. Like most payment options, withdrawing funds using Interac depends on whether the casino allows it as a withdrawal method. If the answer is yes, then the user just needs to select it among the options. Once selected, the user will need to put in the amount for withdrawal, then confirm the transaction. Once this is done, the withdrawal process takes between 3-5 days before the money reflects in the user’s bank account. Interac withdrawals cost around 4 dollars each.

Pros

As mentioned earlier, Interac offers many advantages to the user. These include:
– Fast and efficient transfers for users.
– Keeps the user’s banking information safe from potentially fraudulent casino sites.
– The user does not need to register for an account.
– Increased control over casino spending.

Cons

As with everything good, Interac comes with its fair share of disadvantages. These include:
– It is only available for Canadian users.
– Withdrawals are not instant, hence inconveniencing the user.
– It is not available in all casinos.
If a user needs assistance when using Interac, there are several ways of reaching out to the Interac Customer Support team. They offer toll-free lines for calls and have an extensive FAQ section that answers most questions by users.