Interac vs. Players Rewards Card

Players across online casinos are faced with many challenges when they are on their way to choosing a site to join. They have to be extremely careful when choosing a site out of many reasons, one of those reasons being the security of their sensitive details.

That's why when choosing a site, you should pay attention to the licenses the casino holds, security certificates, but also the payment methods offered. Choosing the right payment solution to play with would provide you with safe banking, and that's something you absolutely need because after all, you're in for the win, right? If looking for options, you should explore Interac and Players Rewards Card. Both are excellent solutions which can provide you with a safe, rewarding and quick online banking. Why consider Interac and Players Rewards Card for online gambling?

Interac and Players Rewards Card – The Basis

The first thing you should know about these two payment solutions is that they are both alternatives to traditional banking methods. You can use them instead of conventional bank transfers and credit cards, and that’s something that most online players are looking for. Most players don’t want to share their banking details with casinos, so they prefer using alternative options to fund their accounts and cash out their winnings. And this is where these two methods shine in. Not only do they provide you with this benefit, but each of them also comes with added perks.

Interac…

… for instance, is the number one solution for all Canadian online casino players. It is a payment method that is quite popular in Canada, where it is based. It went live way back in 1984 and has been gaining user's trust ever since. The secret to its success is in its partnership with leading Canadian banks. Thanks to these partnerships that have lasted for years, Interac has gained a massive user base.

The thing is…

…Interac provides the users of these top banks an online money transfer service which allows for instant transactions online in a safe and secure way. Being on the financial scene for years, this solution has managed to implement the toughest security measures and being so easy to use, it automatically became users' favourite online payment method. It is supported on many platforms, and that’s why Canadians are using it every single day, for their everyday purchases.

Casinos-wise…

…find any Canadian-facing casino, and you’ll see for yourself that Interac is on its list. Due to the solution’s success in the country, every operator targeting Canadian players has ensured it offers them the chance to play with their favourite online payment method. Therefore, if you’re worried about its availability across online casinos, you can sit back and relax, because it is a method available across over 400 online casinos.

Players Rewards Card…

…on the other hand, is a solution available to another group of players, the US and Australian players. It is a banking program developed years back to attend to the needs of these players and reward them for their loyalty. It is essentially an eWallet, but for convenience, users are issued with a plastic card, too, so it can also function as a prepaid card.

This is a dedicated service…

…that has managed to partner with two dozen online casinos in order to provide these players with a fully operative system using which players can deposit and withdraw across online casinos with real money, and get rewarded for each transaction they make. Just like Interac, it is a pretty intuitive payment solution to use, and that only further contributes to its popularity among online casino players. In only a few steps, the US and Australian players can access their free account and start making payments with it across the partnered casinos in a pretty effortless way.

It is the online banking solution…

…designed with the online casino players in mind. As its name implies, it is a solution that provides these players with casino-related benefits, such as different types of bonuses. And the beauty of it is that you can still fund it with different conventional payment methods, and yet, transact across online casinos without ever mentioning those payment methods. By doing that, you get as many perks as possible. Players Rewards Card has partnered with 20 leading operators to provide you with a solution that would reward you as much as it can for your loyalty. Don’t be surprised to see that you’ll get a 10% Deposit Match at any of the partnered casinos you join, as well as codes and many other exclusive offers and perks.

Getting Started

As introduced, these two are pretty intuitive online payment solutions to get started with. In only a few steps, you can get access to your respective accounts and start playing your favourite online casino, bingo and lottery games, and place different types of sports bets. 

With Interac…

…the first step you'll need to make is creating an account with it, via its official website. Before you do that, you should know that by creating your account, you can get access to three different products offered by it and used across Canada, Interac eTransfer, Interac Online and Interac Debit. Since the last one is used at point-of-sale terminals and ABMs, we’re not interested in it. The first two products are the ones used across online casinos. Interac eTransfer is used to directly transfer money from your bank account to another person’s or business’ account, while with Interac Online, you’re paying through your credit or bank union’s online banking system. Essentially, they are both connected to your bank, but you don’t need to share any bank details with the casino in order to play at it.

As a matter of fact…

…you don’t even need to go to your bank to get started with it. You just need to create your account with it and enter your online banking account details. You’ll instantly receive a text or an email informing you on necessary security answers and questions, and steps on how to continue using it.

On that note…

…considering once you make a transaction request, it is automatically processed by your online banking account, and transactions with Interac are instant. And given the fact they are processed through secure pathways, you don’t have to worry about the security of your money. Third-parties cannot possibly get access to your money. Plus, getting started with Interac is free of charge, since it is a non-profit organization established to make your online banking as easy and painless as possible. However, fees that cover the basic money transfer expanses of $1.50 apply for each transaction you make.

Getting started with Players Rewards Card…

…is done in a similar way. You need to go to its official website and start the application process. You'll need to enter your email address and some basic info about yourself. After that, you need to choose a payment method you’ll fund your PRC account with. And after you do that, submit your application. You’ll soon receive a confirmation informing you that you can start using your account.

Now, there’s another important thing you need to know about this payment solution. Once you create an account with it, you get to actually use two separate accounts, the Rewards Money and the Real Money accounts. With the payment method you registered, you can fund your Real Money account, which you can use to make deposits and claim different bonuses, just like with any other payment method. With the Rewards Money account, you accumulate the rewards you get for your loyalty. These funds are not redeemable, so you cannot cash them out, but you can use them to place bets on the eligible games and claim specific bonuses across the partnered online casinos.

Another thing…

…you should know is that after you get the confirmation that your accounts are active, by mail, you’ll receive your PRC plastic card. You’ll see that the card is pre-funded with rewards funds, available on the Rewards Money account. As you know how to use these funds, you can start playing your favourite games across the partnered online casinos right away! Remember that these rewards funds cannot be cashed out, and can only be used for wagering on games and claiming bonuses.

Depositing and Withdrawing

Once you get started with either of these payment methods, you'll see how easy is to transact with them. They are pretty intuitive to use since all you need to do is log in to their respective accounts and follow the instructions.

To deposit with Interac…

…you would need to first find an online casino that accepts it. As mentioned, there are over 400 Canadian-oriented online casinos you can join that offer it as a payment method. Once you join one, go to its Cashier/Banking page. Find its logo and tap or click on it. Log in to your online banking account, and enter the amount of money you wish to deposit. Enter the security question and wait for the casino to submit the security answer for the transaction to be completed. You received the security question and answer when you first started with Interac, via email or a text message. After the right answer was submitted, the money is transferred to your online casino account instantaneously.

Withdrawals with it…

…are pretty much the same. Repeat the just-described procedure again, only this time, specify the money you wish to withdraw. Keep in mind that it may take the casino a few days to review your request and verify it. Once it approves it, the money will arrive on your Interac account, and you’ll be informed about the transfer via email or text.

Depositing with Players Rewards Card…

…is incredibly easy. Once you join a partnered online casino, out of the list of casinos on its official website, you go to the casino's Banking/Cashier page. If you want to make a deposit via your PRC accounts directly, enter your login details and choose whether you'd like to deposit via the Rea Money or Rewards Money account. Enter the amount you wish to deposit, confirm the transactions and watch your money getting transferred in a split second. If, on the other hand, you wish to deposit with the plastic card, you'll need to enter your card number, name and the card’s expiration date. Specify the amount of funds you wish to deposit and confirm the transaction. The funds will instantaneously reach your online casino account.

Repeat the same chosen process…

…upon withdrawals with it. If you’ve claimed bonuses, make sure you’ve played through the wagering requirements. If you have all that settled, just wait for the operator to approve your request, and you’ll get the money on your Player Rewards Card account.

Pros and Cons of Interac and Players Rewards Card

If you take a closer look at these two payment methods, you will see that they have many shared values. You can use them for both deposits and withdrawals. This is a major players’ concern, whether they could deposit and withdraw with the same method, and both of these methods grant you the opportunity to do so. Plus, deposits with both of them are instant, safe and pretty easy to make. All it takes is logging into your respective account to get started. They also both offer secure ways to make payments across online casinos, and no one can access your funds without the proper authentication and security details that only you know.

However…

…there’s the obvious disadvantage to both options. Interac is only available to Canadian players, and Players Rewards Card to Australian and US players. This country restriction is a real downside, considering players from other countries cannot use either of them. Interac additionally comes with a $1.5 fee, while the Players Rewards Card is only available to 20 online casinos. These are their major disadvantages, which could discourage players to use them. But, if you’re a player from Canada, Australia or the USA, take your time and consider these payment methods, because they are really convenient to use.