Players rarely recognize casino quality based on payment methods, but they should. Interac, for instance, has recently become a symbol of fair gaming and reliable services among players in Canada.
CasinoBonusCA, a third-party reviewer of casinos and gambling offers, conducted an exhaustive analysis of all Interac online casinos in the market to provide a perspective on how this happened:
The advantages of using Interac for gambling transactions
Interac transaction speed is the main reason why gamblers choose this payment method.
Casinobonusca, a source in the online gambling industry, told Toronto Guardian that such transactions are completed almost immediately, with a waiting time of up to a few hours. However, the waiting time is usually applicable to withdrawals, as deposits are instant.
The only requirements for using Interac are:
- Phone number
- Canadian deposit account
Unlike other banking options, this one doesn’t require users to complete any formalities, such as filling out a form. You only have to go through a few steps on the casino’s cashier page, and the money will transfer to or from your account on the same day.
Some Canadian players have expressed their skepticism about this ease of use, claiming that a platform which requires so little couldn’t possibly be safe and secure as well.
However, this doesn’t seem to be the case at all with Interac, as it has almost become a standard in Canada. This is because transactions don’t require you to disclose any financial or personal details, and they’re only confirmed through a security question. Furthermore, the brand is associated with more than two hundred banks, proving both its integrity and trustworthiness.
How secure is Interac for gambling transactions?
Very, as both transactions and authentications are encrypted along other layers of security. Interac also has a designated department where employees work to detect fraudulent activity signs in both partners and financial institutions, making it substantially more difficult for a third party to interfere with any payment process.
If you face any issue with their service, their customer support agents are available for a discussion 24/7 via live chat. Less urgent matters can also be communicated via other channels, such as email.
Even so, those in need of more reassurance can opt for Interac pre-authentication. This essentially involves pre-authenticating your phone number/email address to a particular bank account to maintain the security of your activity. However, choosing this option eliminates the need for a security question.
How ethical gaming practices are applied with Interac
Interac adopted a zero liability policy that strengthens ethical gaming practices by offering additional protection to users.
The policy refers to most situations in which you suffer financial losses that occurred beyond your control, and it applies to contactless payments (via card & mobile), Cross-Border Debit, Chip & PIN, and a few more of their products.
The company covers a broad range of loss scenarios to help players have a smooth gambling experience, knowing that their funds remain protected even in the event of a scam.
What to look for in an Interac online casino
Having this payment method available is not sufficient to guarantee professionalism and safety. There are numerous Interac casinos in the market, so distinctions must be made in order to find a platform that provides verified services.
Many Interac gambling platforms have top-rated customer service, with scores varying between 4.5 and 5. This usually involves 24/7 availability, particularly for the live chat option. It is advisable not to settle for less: you have countless alternatives that fit this criterion, and it’s crucial to have someone help you quickly once an issue arises.
Another standard consists of transparent promotions. Certain casinos providing this payment method try to attract customers with a wide selection of offers, yet the ad may not specify the eligibility conditions. Thus:
- Each time you encounter a casino offer, access the full terms and conditions to see what it entails
- Eligibility conditions should be checked first
- Using certain payment methods to deposit and/or withdraw funds can make you ineligible: if you want to use Interac to claim bonuses, make sure the operator allows it
- If the operator doesn’t allow it, don’t be tricked by the fact that you still have Interac in your deposit option list. The website may still allow you to play funds deposited via Interac, but you won’t be able to withdraw them once you’re done completing the wagering conditions
Will Interac online casinos become a threat to their competitors?
Given that most Canadian gamblers already use this payment method, it’s highly possible for Interac online casinos to become some of the most threatening competitors in the casino market.
Now that players have countless criteria by which they can evaluate operators, they may become progressively more selective with where they register online. This can only improve the gambling scene: user safety should be the first priority of any casino, and this may be a perfect motivation.