Canadian online bingo players have plenty of global payment solutions to use to fund their gaming time, however, none is as efficient and convenient as the local Interac solution. This is a solution that offers three different services, but that has been catering to Canadian bingo players the best way possible for years. Players swear by it, and that’s why it is accepted across most online bingo sites, especially those targeting players from Canada. If such a player, you should get acquainted with the solution and find out about all the benefits it can offer. Why choose Interac over other methods across Canadian bingo sites?
Introduction to Interac
Founded over 30 years ago, way back in 1984, Interac is one of the oldest, most reliable payment solutions in Canada. Offering over 30 million users from the country the most convenient payment services, it has become the most trustworthy solution for everyday payments and purchases. It was founded and is still operated by two non-profit organizations, Acxsys Corporation and Interac Association. These participants in these organizations are all kinds of Canadian credit unions, banks, financial institutions, merchants, and trust and payment companies.
It first started as a debit card system, thanks to the payment network it had at its disposal, but today, it is a solution that offers Canadian citizens’ access to both online and offline transactions via many of its products and services, delivering effortless payments and purchases. However, as you have probably hinted by now, it is a solution available nationwide, in Canada only. Users from other countries cannot use it, because, you can only access its services if you have an active account with one of the participating Canadian banks.
Since it is a solution partnered with most of the leading Canadian banks, as a Canadian user, you can enjoy seamless online banking with it, using the Canadian dollar as the default currency. Considering it is run by non-profit organizations, this solution is actually really cost-effective, cheap even, for making everyday transactions. In fact, it only charges a CA$1.50 fee per transaction, covering only the basic transfer costs. If your bank is not a partnered bank, you can still make transactions via it, only for a bit bigger fee of up to CA$4. But since it has partnered with over 200 leading Canadian banks, that is highly unlikely to happen.
The three of its most popular products are Interac Online, Interac eTransfer and Interac Debit, but it also offers the Flash and Cash services. Each of these is suited for different types of users, interested in easy online shopping, money transfers, cash withdrawals, point-of-sale and ABMs terminal payments and all kinds of online transactions.
But across the online bingo sites, the Online and eTransfer products are most often offered by operators and used by Canadian players. The former allows you to request a money transfer directly from your bank account, while the latter facilitates the money transfer from one to another user’s account via online or mobile banking, using an email address of the receiver or a mobile number. As such, they are pretty convenient and easy to use for efficient deposits and withdrawals, and that’s why the solution is so popular across online bingo sites. To understand how easy is to get started with and how effortless depositing and withdrawing processes with it are, stay with us to learn all the steps.
Getting Started with Interac
As long as you’re a Canadian player with a bank account with one of the over 200 eligible banks, you can use all of Interac’s services and products. So the only pre-requirement you need to meet is to have a bank account, and preferably, have set your online or mobile banking profile with your bank.
From there, the process is super intuitive. First of all, you should know that you won’t even have to create a separate account to use it. As long as you’ve set up your mobile or online banking profile, you’re good to go.
As mentioned, the Online and eTransfer products are the two popularly used services across online bingo sites. So, the second step towards transacting with this solution is to decide which one of the two products you would like to use for deposits and withdrawals. Once you decide on that, you’re good to go. Yes, as simple as that!
Depositing and Withdrawing
Since there’s no complicated getting started process, let’s proceed with the depositing process. The first thing you would need to do here is choosing the most suitable online bingo site for you, which accepts Interac. Provided you’ve found one, just head over to its official website, click on the Join Us/Sign Up button and start the registration procedure. You’ll need to provide some personal details, and probably specify the deposit method you’ll be using right away, and claim any No Deposit Bingo Bonus.
If not asked upon registration, as soon as your online bingo site account is ready, do the following:
- Visit the bingo site’s Deposit/Banking/Cashier section.
- From the listed accepted methods, find Interac’s logo and click or tap on it.
- In the new window, log into your online/mobile banking account.
- Enter the desired amount of money you’d like to deposit at the online bingo site.
- Enter the payment details and confirm the transaction.
- In an instant, your money will land on your online bingo balance.
Side note: online bingo sites that have incorporated the solution on their site might not ask for security questions and answers. However, it may happen before the payment is completed, to receive an email or text containing security questions and answers, which you need to enter in the designated fields for the transaction to be successful. If that happens, make sure you enter the appropriate details, because if not, the transaction will fail.
Withdrawing with this solution is done pretty much the same way. But believe it or not, it is even easier. However, even though you could use any of its services for deposits, you would need to use the eTransfer product for withdrawals. Since you can use all of its services and products as a Canadian player with a Canadian bank account, this should pose no problems for you.
There are three reasons why the eTransfer is a great option: one, the process will be simpler, involving only three steps, two, the requested cashout will arrive directly on your bank account, immediately after the bingo site has approved it and sent it, and three, it uses multiple layers of security, including authentication and encryption.
The three-step withdrawing process is as follows:
- Select Interac eTransfer from the list of payment methods offered in the Withdrawal/Banking/Cashier section.
- Log into your online banking account and enter the amount you’d like to withdraw.
- As soon as the bingo site accepts the withdrawal request, you will be informed by the solution that the money has instantly arrived in your bank account.
The best part? If you have already made a deposit with it at that specific online bingo site, you may even skip the logging into your online banking account step! And, of course, it doesn’t hurt the fact that the money arrives instantly in your bank account. That’s why this solution is the most preferred for withdrawals, the best method for Canadians across online bingo sites.
FAQs
Does the transaction fee increase with bigger deposits?
No, never. In fact, the transaction fee, the one that covers the basic transfer costs, is fixed, so it can never be bigger than CA$1.50, you can rest assured about that. That’s why this is a solution most Canadian players prefer because it is really cheap to use for online gambling purposes.
Is its website available in many languages?
No, but that’s because it is a solution available to Canadian users only. As such, though, it allows you to use either the Canadian English or French languages for easier navigation since these two are the official languages in Canada. Just choose the one you prefer and you’ll get impeccable service in your native language.
Are there any transaction limits that apply?
On Interac’s part, no, not really. However, limits may be imposed either by your bank or your chosen online bingo site. You would need to ask about any deposit/withdrawal limits before you even join the online bingo site, to make sure that you’ll be okay with them when you do join. Also, it wouldn’t hurt if you called your bank to see whether some transaction limits apply there, too.
Can I cancel my transaction?
No, not really. Transactions with this solution, regardless of the service/product you’re using, are irreversible. That’s actually its only disadvantage. But as long as you’re careful when requesting a transaction, you will be fine. Also, considering it is a solution collaborating with leading banks, some banks might want to help you reverse the funds you’ve sent, but don’t have your hopes up. Just in case, contact your bank if you made a wrongful transaction.
Is there a Customer Support service I could contact in case I have a problem or a question to ask?
Of course. Interac has been on the financial scene for more than three decades, and users always come first. You can contact the agents via email or the on-site contact form, and you can explore the detailed FAQs page on its website, to see whether