Interac Products and Services
Interac Online allows clients to pay directly from their bank accounts using their existing online banking access, while Interac Cash provides a convenient way to withdraw money at any of the numerous ABMs.
With Interac Debit users can pay for goods and services at more than 500,000 locations across Canada. Interac Flash is a contactless enhancement of Interac Debit and the country’s first contactless debit solution.
Mobile Interac Flash works through your bank's mobile banking application, it’s currently supported by Scotiabank and RBC and should soon also be available in Mobile Pay offered by Canada’s Credit Unions.
Interac e-Transfer is a great alternative to checks and cash, enabling clients to transfer money from one person's banking account to another and equipped with user-friendly features such as e-Transfer Request Money and the new Auto-deposit feature. Interac was the first domestic debit network to launch Apple Pay followed by Interac Debit on Android Pay and later on also Samsung Pay.
Interac Security Measures
Money travels between your bank and the recipient’s bank, both of which implement highly secure banking procedures to protect their clients’ personal information and funds. Interac users benefit from multiple layers of security, including authentication and transaction encryption, confidential user IDs and passwords, and a secure login process.
Interac Debit cards feature EMV chip technology which makes it pretty much impossible for fraudsters to produce counterfeit cards, mobile transactions use touch ID and passcode verification, and Interac Online allows one to purchase goods and services over the internet without having to disclose any bank account-related details.
Thanks to the company’s Zero Liability Policy, clients will not be liable for losses resulting from technical errors, system problems or fraud. A detailed FAQ list featured on the provider’s website offers plenty of useful information and clients can also request direct assistance by filling in the customer support form or calling a Canadian toll-free number.
Using Interac for Online Casino Payments
When you choose to play slots for real money and deposit funds with Interac Online, you’ll be guided through a simple process starting with a redirect to the Interac Online gateway page.
The next step is to select your financial institution, login to online banking and enter the amount you wish to transfer. Once the request is confirmed, you’ll be taken back to the casino’s cashier section and in a matter of minutes see the funds available in your gaming account.
The process is just as simple when money is being moved in the opposite direction. The time needed to process a withdrawal request varies from one online casino to another, but once you’ve got their approval, it will take only a few days before cash shows up in your bank account.
Interac doesn’t charge any fees directly to customers and won’t make you pay extra when making a deposit or cashing out. However, your bank (or an alternative financial institution) may charge a small amount for sending an Interac e-Transfer or a regular transaction fee for executing Interac Online transactions. Since bank fees can vary a great deal, it’s best to contact them directly and check those which will apply to your money transfers.