Interac is an E-Wallet payment method available to Canadian bingo players. It gets widely used by Canadian Bingo players. Interac operates an E-Transfer service that bingo & slot players use to securely transfer cash to bingo & slot sites.
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What Is Interac?
Interac is not specific to bingo. Many online stores also utilise this Canadian e-wallet to accept payment. We focus specifically on bingo sites using Interac.
Interac is a Canadian debit card service that allows customers to use their bank accounts to make payments and withdraw funds from other Interac-enabled terminals. The Interac system was created in 1984 by eight prominent Canadian banks.
They wanted to create a debit/e-wallet card service that would be more efficient than the existing credit card system and could get used in Canada. As of 2016, there are more than 1,200,000 Interac terminals in Canada. This number is rising yearly, and the number of transactions processed through these terminals has also increased. One of the primary reasons for the increase in commerce is the online payments Interac allows.
Two versions of the Interac payment service are available to Canadian online bingo rooms. The E Transfer & Online services are both very similar in operating. What is essential is ensuring that the bingo site you play at accepts deposits and can send cash-ins via the service.
How To Use The E Transfer or Online Service
Using the Interac service at a bingo site is intuitive. If you are experienced or relatively new to online bingo, using any bingo deposit method is easy. Bingo rooms have made sure that the process is as logical as possible.
Once you have logged into your chosen bingo site, navigate to the banking area by clicking the Deposit or Banking button. Players then select deposit options typically detailed with a logo of the different payment methods. Then select the Interac service you prefer and fill in the details. Once done, you can deposit and withdraw via this uniquely Canadian banking service.
Only licensed bingo sites will boast the Interac service, so you can rest assured that your data is protected and safe. All that remains is finding and enjoying the best bingo games available online.