Differences Between Interac Online vs Interac e-Transfer
Interac is a very old payment system that has been working in Canada for years. Therefore, little wonder it has more than one software product/service for online payments - Interac Online, and Interac e-Transfer.
When an online casino gambler wants to use Interac for deposits and withdrawals, it is important that they understand what are the differences between the two products, and the differences in payments to and from Interac online casinos when using these services.
Interac Online allows the player to smoothly transfer the money from the player’s bank account to the casino that accepts Interac account. The casino will require you to login to the bank account when depositing or withdrawing, to confirm the transaction. The process is a bit faster than when using the e-Transfer, but the point is, that Interac online is not as widely available as e-Transfer.
Interac e-Transfer, on the other hand, is a bit more complicated, because it requires the user to indicate the email address when the user wants to make a payment. The email is used for security, and the user has to confirm the transaction using confirmation links, or security questions. Interac e-Transfer is more widely used by casinos, and if you choose this option, the Interac cash out casino will indicate the specific email and the security question for you to use for payment confirmation at the online casino that accept Interac deposits.