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Top Interac Casinos 2022 – NZ Casinos That Accept Interac

Convenience, reliability, and security are the hallmarks of Interac, making it one of the most recommendable e-transfer platforms. Interac takes advantage of the hiked interest in making swift and easy online payments over using traditional card networks effectively. The beauty of the cashier channel is that it streamlines casino deposits and withdrawals without bothering consumers with a separate registration or app from the credit union or bank they use. An extra layer of security is added and eliminates third parties that slow the procedure. Interac client care agents are available through live chat and email to answer any queries not covered in the detailed FAQ sections. The main qualm with the payment method is its availability in Canada only.

By Frank

21 April 2024 5 min read

💳 Interac Review

Interac is an interbank network embedded in the Canadian economy and invested in making the consumer experience more seamless. The cashier channel launched in 1984 as Interac Association, a nonprofit joint venture between five financial institutions: CIBC, TD, Scotiabank, Desjardins, and RBC. The company started launching Interac-branded services like e-transfers in 1996 through Acxsys, its for-profit counterpart organization. By 2010, the company expanded to over 80 member organizations, and three years later, Interac and Acxsys merged to create Interac Corporation, a single for-profit organization.

Today, Interac holds the exclusive rights to the Canadian digital ID services, which SecureKey Technologies Inc previously had. It also runs digital identity and cyber security for commercial clients, financial institutions, and governments after acquiring 2Keys Corporation in 2019.

👍 How Interac Works

Interac is a national debit network, the first in Canada, and it supports transactions through contactless payments. The payment method features a suite of mobile and browser-based solutions for person-to-person transfers and business payments directly from bank accounts. The organization has several financial services across the national network, including;

Interac Direct Payment (IDP)

Interac Direct Payment functions like a debit card service for purchasing products and services, in this case, real money gambling. Users enter their PIN on the linked bank or credit union’s website/app, and the desired amount is deducted from their savings or chequing accounts. The authentication info is encrypted and verified at a central server without being stored on the card itself.

Interac e-Transfer Service

This Interac solution allows consumers to send money to anyone with an email address and a Canadian bank account. The Bank of Canada oversees this payment system.

Interac Debit

This option is exclusively for purchasing products and services in online businesses like casinos. The payment solution is available at a low cost, facilitates easy refunds when necessary, and does not support chargebacks.

Interac Debit Commerce Payments

This solution is for mobile users and partners with Google Pay and Apple Pay. It automates the entry of payment information, requiring it only the first time, and later authenticates using a touch ID or passcode. Also, it increases checkout rates, speeds up access to funds with real-time transfers, uses cutting-edge security, and does not allow any chargebacks.

💻 Opening an Account with Interac

Interac partners with tens of casinos accepting Canadian players, and the best ones usually have operating licenses, bonuses and promotions, security measures, user-friendly designs, and mobile affinity. While each gambling den is unique, they have an almost similar blueprint for depositing. The procedure unfolds as follows:

Sign up for a casino account, providing the requested info like full name, email, and phone number. Sign in if you have an account already
Navigate to the banking section and choose to deposit
Select Interac as the payment method to use, and choose your respective bank or credit union from the redirected page
Confirm the transaction

🪙 Depositing with Interac

Interac partners with tens of casinos accepting Canadian players, and the best ones usually have operating licenses, bonuses and promotions, security measures, user-friendly designs, and mobile affinity. While each gambling den is unique, they have an almost similar blueprint for depositing. The procedure unfolds as follows:

Sign up for a casino account, providing the requested info like full name, email, and phone number. Sign in if you have an account already
Navigate to the banking section and choose to deposit
Select Interac as the payment method to use, and choose your respective bank or credit union from the redirected page
Confirm the transaction

🧾 Withdrawing with Interac

Withdrawals in Interac casinos are possible after collecting wins from games and, in most cases, clearing the wagering requirements attached to bonuses and promotions. Once the funds are added to the real money balance, head back to the cashier section and proceed as follows:

Choose to withdraw
Select Interac as the banking channel to use
Enter the amount to withdraw within the stipulated limits along with any other requested information
Confirm the request and wait for it to be processed

💲 Transaction Speeds with Interac

One of Interac’s main selling points is the speed at which it processes transactions. Deposits and withdrawals are approved almost instantly, and any delays take only up to 30 minutes. Casinos and banks can still apply pending periods of up to 72 hours.

Request	Processing Time
Deposit	Instant
Withdrawal	Instant

Applied Charges

Fees that apply for Interac transfers are set by individual banks and credit unions. The pricing information is often posted on their official pages or provided by the client care team.

✔️ Upsides of Interac

Interac takes otherwise complicated procedures and technologies and simplifies them in more ways than one. Some of the ways in which it makes a difference include;

Deposits and withdrawals are processed almost instantly – if there are any delays, they usually last only about 30 minutes before being resolved
Transactions and communication on the platform are secured with SSL/TLS encryption
Consumers can only transfer funds they already have in their accounts, reducing the consumer debt that is currently a global crisis
Interac does not share users’ banking details with the casinos that send and receive funds; this saves players the trouble of financial and identity theft in case of any breaches
One doesn’t need to sign up for a different account or install a separate app if the bank or credit union they use already has one
Interac can be used for many more products and services outside of online casinos
It is partnered with over 80 credit unions, banks, and other e-transfer channels like Apple Pay and Google Pay
It is available to use 24/7

❌ Downsides of Interac

Interac has a lot of helpful payment features for online casino goers, but it also has some cons worth considering before using it, such as;

Fees apply for deposits and withdrawals depending on the financial institution being used
Interac is autonomous, so it cannot be used to bank money online
The payment method is only available to Canadian users despite being supported in many gambling dens that accept gamblers from New Zealand and other parts of the globe

Frequently Asked Questions

What is Interac?: Interac is an online money transfer service available to Canadian residents. The payment method has several participating banks and credit unions to transfer funds through established and secure banking channels. Transactions are almost instant and can take up to 30 minutes depending on the credit union or bank used.
How do I deposit into a casino using Interac?: After signing up or logging into a casino, head to the cashier section and choose Interac as the payment method. The exact steps from here vary depending on the bank or credit union you use. Nonetheless, the procedure is usually simple. Just log into your online banking account, navigate to the Interac section, and follow the listed instructions. Cash-ins often reflect immediately after the transaction is confirmed.
Do charges apply when sending money using Interac?: Yes, they do. The fees are determined by the financial institution being used and the amount transferred. Please confirm with your bank or credit union for the levies that apply.
Which games can I play in Interac casinos?: Interac casinos have a blend of different games in their portfolios determined by their target market and the software developers they partner with. In nearly all of them, slots are the most provided games. The rest of the portfolios consist of table games, video pokers, and instant win games. The games are provided in demo and cash versions.
Are Interac casinos secure?: Most Interac casinos are certified as fair and secure with licenses from accredited bodies like the UKGC, MGA, and AGCC. They also feature SSL/TLS encryption protocols to keep players’ personal and financial information from unauthorized third parties. It is advised to do your due diligence on the security of a gambling den before interacting with its services.
Does Interac have a client care service?: Yes, it does. Interac has detailed FAQ sections for consumers and businesses to answer popular questions. If an issue at hand is not addressed in the queries, you can contact a customer care agent through live chat or email.

Final Remarks on Interac

A lot is to be desired about Interac, starting with its support for consumer and business acceptance of online payments in place of checks and cash. While players still use their bank app or website to make gambling payments, the payment method facilitates the process with high security and speed. It also partners with other popular e-transfer platforms like Google Play and Apple Pay, allowing punters to send and receive money from casinos that do not support them directly. On the downside, New Zealand players cannot enjoy the service since it is limited to Canadians.