Interac Lets Canadians Down
During the very busy Christmas period, many Canadian shoppers were unable to complete their purchases after Interac experienced technical difficulties. Interac is an electronic money system that allows for safe, fast, and convenient ways to send, request and receive money. It’s one of Canada’s most used ways to make online and offline purchases, and a technical problem during the busiest month of the year can be considered a disaster! Clients were prevented from making rent payments, utility payments and shoppers complained that the delays and disruptions were very frustrating. Clients received a tweet from the Bank of Montreal and Canadian Imperial Bank of Commerce explaining how they were experiencing difficulties. Clients tweeted that they were desperate as they had rent to pay, family emergencies to fund and other important purchases to make.
In cases such as this, it’s always good to use an alternative payment provider to keep the stress at bay. It can be very frustrating when your favourite payment provider lets you down and by knowing what the alternatives are can make all the difference between a smooth casino experience or one fraught with frustration. In our article, we’ll outline two popular payment methods, eCheque Casinos and Venus Point Casinos. With these alternatives, players can make their $5 minimum deposits at all the other CAD Casinos and our carefully selected Top Kahnawake casinos.
What Is An eCheque Casino?
Instead of the traditional paper cheques, eCheques are electronic cheques that online casinos often make available for casino players to make deposits and withdrawals. Although making your first eCheque deposit could take from a few hours up to 2 days to become available because of security checks, it only happens one time. Thereafter the process is quick and simple. The fantastic security associated with eCheques means that players don’t mind the initial wait.
To make deposits with eCheque, you’ll need to first fill in a form with information on your bank as well as the amount of money you want to deposit. The online casino will then process this form and players are then notified when the funds are available to spend.
The main reason casino clients from Canada, New Zealand and other parts of the world, use eCheque is because of the security eCheques offer and in fact, very few payment methods can match the security of eCheques. The money is sent straight from your bank to the casino and no middleman will ever know your personal information. Another advantage of using eCheque is that it offers state of the art security features like digital fingerprints.
What Is A Venus Point Casino?
With so much attention focused on casino payment methods, it’s no wonder so many new payment methods are appearing. Venus Point is one to consider! A stored-value electronic financial platform that functions as a payment processor, Venus Point is a Japanese based payment processor that was launched in 2016. This payment provider uses a points system so that casino clients can make their deposit and withdrawals quickly and securely.
A reliable and renowned online payment method, Venus Point is now being offered at many online casinos. The system is an electronic financial platform that allows users to send and receive payments from third parties and casino clients can also earn points from merchants as an added incentive, which can be converted to cash.
One of the main benefits of Venus Point is that no identification is required and casino clients won’t need to worry that their personal information will fall into the wrong hands. There are also no fees required to open or maintain an account. Registration takes all of about 5 minutes to complete, no identity cards are required and players can be sure that the security is top notch as Venus Point uses 128-bit encryption that complies with financial standards.
What Is An Interac Casino?
Interac is a Canadian payment provider formed in 1984. Back then only a handful of companies provided financial services and since there are very few companies in Canada that offer a debit service, Interac filled the gap and provided a much-needed service. With Interac, clients can pay for their purchases and casino accounts via the Interac Direct Payment system. Interac uses a standard PIN-based system which allows for a secure payment in-store or online and the financial provider also uses EMV Smart Card technology with very high levels of encryption.
Interac casinos offer one of the safest methods of payment for Canadian players. The service works like a debit payment system and this is ideal for casino banking as you over-draw or spend more than you budgeted for. One of the most attractive features of using Interac is that the card company doesn’t share any financial information with the casino. With safety and security being one of the major concerns for casino players, Interac is the type of payment method that suits most online gamers.