Using Interac’s network for betting is like using many major payment systems that require a connection to a bank account. First, users will have to connect their bank accounts to Interac's network. Then, they will deposit money into their bank accounts. From there, they can use the funds in their bank account as funds in their Interact accounts.
Users also have the option to make deposits via mobile. This gives them the opportunity to fund and/or access their accounts on the go.
A major advantage is, Interac account owners are presented with chip-enabled and contactless-enabled cards once they’re registered to the network. They can use these cards safely.
And since they’re known for their anti-fraud security measures, these Interac cards can protect them from being victims of electronic pickpocketing, duplicating, and other fraudulent tactics. Interac also has an Autodeposit feature made available to selected accounts. It allows users to deposit the funds in their bank accounts to their Interac accounts automatically.
With this feature, users can enjoy the convenience of not having to make deposits constantly while betting. For them to know if they’re qualified to use this feature, they must approach an Interac account representative to have their accounts evaluated.
Interac allows users to deposit funds to their accounts daily. The minimum deposit amount is $0.01, and the maximum deposit amount is $3,000.