Ever since the online gambling industry was given a go in Canada, players in the country now have access to many reputable and legitimate online gambling platforms within the country. To top it off, Canadians are blessed with one of the best and most popular payment methods across the globe, Interac.
Interac is considered the best payment method to use for every online transaction from shopping online to gambling on the internet. In fact, some offshore online casinos can only assure the loyalty of Canadian gamblers to some extent if they listed Interac as a mode of payment in their cashier section. Offering Interac amongst their variety of payment methods is one of the best ways to attract and lure Canadian players into online platforms. Interac is a digital platform that serves Canadians as a financial intermediary that links many financial institutions or banks within the country.
Its greatest advantage is the protection it offers to all customers by ensuring no harm comes to their personal data. It is the safest payment method in Canada, and you can even find other payment platforms in the country using its network as a means for carrying out transactions. In this article, we will be talking about why Interac is the most popular payment method in Canada.
Instant Transactions
One of the best features an online payment method must have is quick and speedy transactions, Interac excels in it. Interac completes its transactions almost instantly, it is one of the many reasons Canadians love using digital payment for shopping and online gambling (source: https://gambler.biz/ca). Be it depositing or withdrawing money from your online casino account, it can all be completed in an instant. You won’t have to wait for a long time before the money reflects in your online account so you can play your casino games in peace. If it’s not done instantly, it will take at least 30 minutes.
Security
Using Interac as a mode of payment will only require you to enter your card and pin details. In this way, it is almost impossible for people to deceive you or have access to your money. While the banks and other businesses are always aware of the transactions, this method used by Interac was integrated with the highest level of anonymity. Through this, no third parties or even the merchant will have access to your personal financial information, and it won’t be shared with anybody, including Interac itself.
Low Transaction Fees
Interac charges one of the lowest transaction fees in the market. It is lower than most payment methods acknowledged in Canada being accepted on online gambling platforms. The overall fees being charged by Interac don’t move past $1. Most online transactions below $35 fees are usually $0.4. For fees above $300, you will only be charged about $1.80, this is the lowest fee you can get in the digital payment market. This is one of the reasons for its popularity.
Gambling Bonuses
Another reason for the rise in popularity of Interac in Canada is the offering of bonuses and promotions being offered by gambling platforms for using the payment methods. It can be considered one of the marketing strategies implemented by Canadian casinos and offshore gambling platforms to lure Canadians into their platforms. They go as far as offering bonuses for using Interac as their preferred payment method. Canadians are natural gamblers and they always seek to take advantage of all the bonuses and promotions they can get to maximize their winnings on platforms.
Conclusion
Interac will remain the best and most popular form of payment method for Canadians, and it will stay that way for a long time. It is one of the first digital payment services to grace the market, and also one of the fastest and most secured. Its only fault is being available in Canada alone.
