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Interac Casinos NZ

The banking and payment sector has always been seen as relatively slow-moving. With names like MasterCard and VISA continuing to be the most reliable firms in the industry, New Zealand gamblers have little reason to make their transactions with the most trusted names in the business.

However, the rise of digital payments and harsher regulations against online gambling transactions have forced players to start looking for options. And in this rapidly-changing market, some of the lesser-known firms have found openings through which to innovate. Interac is one of those firms.

 

What exactly is Interac?

The Interac Association (now simply called Interac) is one of Canada’s largest banking networks, having amassed over 200 partnered financial institutions across the country since its establishment in 1984.

Interac currently offers a range of payment services designed to make transactions convenient, safe, and secure. These services include Interac Cash, Interac e-Transfer, Interac Flash, and Interac Debit.

Despite being much older than other popular online payment options like Neteller, Interac still holds a large following among online casino players.

 

Is Interac Safe and Secure?

As one of Canada’s most trusted banking networks, Interac is very safe to use. It is nearly impossible to steal money or personal information because all transaction details are encrypted.

Keep in mind you only need to set up your bank to transact with Interac; as such you won’t have to provide any personal information. Interac also has a zero liability guarantee, which means that any money taken from your online banking account will be returned to you in the event that a bad actor acquires access to your account.

 

Does Interac Have Fees?

Interac charges fees for both withdrawal and deposit transactions made through their service. It’s not exorbitant by any means, but their fee range of around 2.5 to 5 percent is not negligible, either. They have no hidden fees that we know of at the time of writing; however, this is always subject to change over time and you should always check with the terms and conditions to get the full picture.

 

Is Interac Supported by All Online Casinos?

As we touched on earlier, Interac mainly targets customers in Canada, which means that you likely won’t get to use it if you play from New Zealand. Meanwhile, competing payment processors like Skrill and Neteller have a much larger presence in New Zealand.

Of course, that’s not to say that there are no online casinos in New Zealand that accept Interac; we’ve listed a few of them below.

 

Wrap-Up

Although Interac isn’t exactly as new and fresh as its competitors in the online payment industry, the company has the credentials and capabilities to keep up. That being said, it is a bit overshadowed by the fact that most casino players in New Zealand can’t actually use it.

We’ve made a list of some of the pros and cons of Interac so you can weigh your options before settling on a payment processor.

Pros:

  • Transactions are fast and safe
  • Signing up is easy and hassle-free
  • Lots of supported casinos and banks in Canada

Cons:

  • Transaction fees for deposits and withdrawals.
  • Difficult to access outside of Canada

Check out our list of the best online casinos that accept Interac below if you’d like to use this method of payment for your casino transactions.

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