Interac is an online payment solution that offers several solutions so that users can access their money more easily. He uses a payment network, already very popular in Canada. It relies on secure and convenient payments. In order to ensure its role, Interac brings together several shareholders, consisting of various financial institutions such as credit unions, cooperatives, and banks.
Interac is a system owned by Interac Corp, a company formed through the merger of the Interac Association and Acxsys Corporation. On one hand, the Interac Association was founded in 1984 as a nonprofit organization with the goal of providing users with simpler access through a unified network. Numerous financial institutions were brought together under this association. Acxsys, on the other hand, was established in 1996 and brought together several payment solutions.
In 2013, the Interca Association and Acxsys Corporation merged to become a single company through an order. In 2018, the procedures were completed and gave birth to Interac Corp, which brings together all the products and services of the two structures. Today, Interac Corp offers a wide range of services. 16 million transactions pass through the Interac platform every day. The majority of users are Canadians.
Online casinos that accept Interac:
He proposes innovative solutions such as the creation of tokens. This is a system that replaces personal information by generating a number to replace it. With the Interac Debit solution, users have a card to pay for a purchase or service by debiting the amount from the chosen funding source. This service is done in real-time and the transaction is immediate. Interac has another solution called Flash Interac Mobile. This is a contactless payment method.
Next, there is Interac E-Transfer. This is a feature of automatic deposit, which allows for transferring funds from one bank account to another. For this, both sides must be affiliated with a bank that uses the Interac system. Interac Cash, on the other hand, is a way for consumers to directly withdraw cash from an ATM that is compatible with Interac. Finally, Interac Online is a method of online payment. This payment tool allows access to the Interac interface via the merchant's website. The customer will then choose the account to debit. With this solution, users only need one point of contact for all their sources of funding.
How to use Interac at an online casino?
The Interac payment method has become popular especially in Canada. Casinos have chosen to integrate this solution into the list of payment systems. To make a deposit with Interac, the player will need to go to the dedicated payments page, then select Interac. The page is redirected directly to the Interac interface. It is then sufficient to confirm the amount to be deposited and choose the payment source. The transaction is validated and the account is funded. This tool thus serves as a payment gateway only. However, players have the option to use it for a withdrawal of winnings.
The pros and cons of Interac
The Interac payment method is a convenient solution, especially when it comes to the security of private data. Users are not required to share their banking information. Additionally, the platform offers various payment methods. However, despite its proven effectiveness, this solution is only available in Canada. Very few casinos offer the payment system.