Interac Payment System: Fast and Convenient

Top-tier Australian casinos accept payments not only via credit and debit cards but also via electronic wallets. Australian casinos provide a great deal of opportunities to play games for real money. Players can even fund their accounts and withdraw winnings using crypto wallets, as well as lesser known payment methods such as Interac. Let’s talk about this latter payment system and see why Aussie gamblers are using it for their gambling needs!

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About Interac

In today's review, we will focus on a system such as Interac. This banking options is very popular in Canada. The system has many advantages, including multicurrency support, the ability to conduct exchange operations within the system, as well as instant payments and a high level of safety. Many gamblers choose Interac because this payment method allows you to withdraw money to the card issued by all major Canadian banks. Let's talk more about the system and find out what advantages and disadvantages it has.

Interac is a large payment system which is used by small and medium businesses alike. The system is very popular in online gambling since instant transactions are available in it and it allows to open accounts in several currencies (Canadian and US dollars). Also, there’s an exchange office inside the system.

interac payment system

There are several ways to fund your account with Interac. In particular, you can credit your account through terminals and Internet banking, via bank transfer, via, bank cards and several other methods

The commissions are as follows:

  • Through terminals and Internet banking - 0%
  • Via bank transfer - 1%
  • Via bank cards - 4%

When withdrawing funds, you’ll have to pay a fee. When withdrawing via bank transfer, a fee of 2% is charged. For other payment systems, the fee is 3.5%.

Interac is a safe and secure payment system. It features a double password protection, PKCS # 1 SHA-1 data encryption with RSA, the ability to restrict access and accounts to specific IP addresses.

How to make deposits with Interac

Before making a deposit to the casino, you need to fund your Interac electronic wallet. To do this, you will need to use a bank transfer, Visa / Mastercard debit or credit card, terminals, or other electronic wallets.

After adding money to your Interac wallet, you need to log into the online casino, go to the Cashier section, select Interac as your preferred electronic payment system, enter your personal information, and confirm the transaction. The money will arrive to your casino account immediately.

How to withdraw money using Interac

Making withdrawals with Interac is as easy as making deposits. You need to log into your casino account, go to the Payments/Cashier section, select the Interac payment system as your preferred withdrawal method, enter the withdrawal amount, and confirm the transaction. Easy, right?

You should keep in mind that large amounts starting from 1,000 dollars or more can be withdrawn only if the player has been verified. To verify your casino account, you need to upload scans or photographs of your identity document and wait for confirmation.

Legal and reliable payment system

Interac is an EPS which is completely legal in Canada. Dedicated to ensuring the highest level of security, Interac uses the latest encryption techniques and two-level authentication.

How to open an account with Interac EPS

To create an electronic wallet with Interac, you need to go to the official Interac website, click on the Register button, and then fill out the registration form. You’ll be asked to submit your phone number, email address, password, and security question. Also, you need to select the currency and agree with the Interac terms of use and privacy policy. If you wish, you can enable or disable notifications, as well as set access restrictions by IP address.