Interac vs. Skrill

Wandering the vast expanse that is the online gambling space, there’s a high chance you’ll run into payment options like Interac and Skrill. These services are two of the most popular deposit options for online casino fans at the moment, offering support in countless venues across multiple countries. The main goal of these payment options is a seamless transacting experience for all users that give them a shot. Of course, they’ve reached this goal, and then some! Still, if there’s one thing we know about the online gambling scene, it’s it can be insanely competitive. Players are always looking for the next best thing, which leads to questions about what makes these solutions special. Up next, we’ll try to shed some light on that by answering one simple question – Why use Interac or Skrill in Online Casinos?

About Interac and Skrill

Interac is a payment option many people are curious about. The service is a bit different than your run-of-the-mill payment solution, and a big part of this is its background. Unlike most services, this one was established by a Canadian non-profit organization. It launched in 1984, and it started to slowly build up a solid network of partners that share its vision. Being run by a non-profit has some pros and cons for the service. For the latter, the solution is available exclusively in Canada. For the former, its nature makes it easier to form relationships and maintain trust with users and partners alike! Even in its early days, the service grew connections with more than 200 banks. As you can imagine, this thrust it forward, making it one of the best-known payment services in the region.

We might be looking at Interac mainly from the prism of online casinos, but the service is used for all sorts of transactions within its country of origin. Most Canadians can recognize the service by its branding alone, making it one of the go-to options for everything, from online shopping to picking up groceries. What’s interesting about this payment method is that it offers more than one solution players can use. There is an Interac Debit, Interac Online, and Interac eTransfer option. The differences between these options make them well-suited for all sorts of users and give the service an edge many competitors lack. The latter of the two options we listed have picked up tons of steam lately, so despite its long time on the market, the service is still growing!

You’re likely thinking that Interac’s offer of multiple payment options, a huge network, and a safe platform is what has propelled it to where it is today, but that’s only partially true. One of the biggest reasons for the success of this service is its integrity. The solution and the people behind it make sure to give everyone the best treatment possible, whether they’re partners, users, or even competitors! Its dedication to constant improvement and maintaining positive values are why the solution is available in over 600 online casinos, despite being exclusive to Canadian users.

Skrill is a service with a worldwide reach. It’s been around for a long time now, making its debut back in 2001. Unlike the previous method in this text, this one offers just one solution – an eWallet. Thankfully, this is usually more than enough to satisfy the needs of everyone interested in it, as witnessed by the large and loyal user base it’s established. Among other things, this solution is popular because of its capability to process online and physical transactions. This gives it entry into many fields where it dominates without breaking a sweat!

While Skrill itself has an impressive repertoire of achievements to boast about, you might be interested in learning that the service is part of the world-renowned Paysafe Group. At around the same time as this payment service, the company released two other smash-hit banking solutions – Neteller and Paysafecard These solutions have seen widespread success, which has helped shape Skrill. Since all of them are operated by the same company, they’re constantly adjusted to feed off of the best elements they have to offer. Through their combined experience on the market, they’ve grown immensely.

With that out of the way, we can now turn our attention to one of the biggest reasons for Skrill’s popularity. While traits like speed, safety, and convenience do plenty to put it on the map, a big factor that launched it to stardom was timing. The service came out at the perfect time. The internet had just made its way into homes worldwide, and online shopping was more popular than ever! Naturally, this activity came with tons of risk back then. Scams ran rampant, with criminals stealing private information and misusing it for nefarious purposes. Skrill was the perfect solution to this. The eWallet didn’t share any personal info with merchants, making the biggest risk losing a few bucks.

Another reason why people are so fond of the service is the rewards program. Skrill has an interesting loyalty program that consists of four levels. These include Bronze, Silver, Gold, and Diamond. The more frequently you use the solution to transact, the higher tier you can achieve! Naturally, you get more than just a title by entering these tiers. Players can collect various rewards by stepping into the higher tiers, including lower fees!

To wrap up this paragraph, we’d like to reflect on Skrill’s influence in the online gambling world. At this point, you can find the service in nearly every venue you visit. It’s supported in almost 1,000 online casinos, making it one of the best choices in terms of availability. Of course, quantity is nothing without quality, and thankfully, the quality you can expect from these operators is top-notch! Many of the online casinos that support Skrill collaborate with the best content providers in the industry, granting access to excellent games. On top of this, they usually curate special promotions and bonuses that are bound to boost anyone’s gaming experience!

Getting Started with the Two Solutions

Interac has a convenient getting-started process that can be completed online. To get the ball rolling, you’ll need to visit the solution's webpage. Once there, enroll in the network and follow the few steps listed. This part should be over quickly, as the main thing you’ll need to do here is to connect your service account to an eligible bank account. As a reminder, the solution collaborates with over 200 Canadian banks, so it shouldn’t be too hard to find one it works with. If your current bank account isn’t supported, you might need to put in some additional work and open one with a viable bank.

After you successfully connect your bank account with the service, you’ll be prompted to up the security of your account. To do so, you’ll be presented with several security questions that are a crucial part of the transacting process in the future. Fill these out appropriately and move on to the next step – identity verification. Here, you’ll need to submit a valid form of photo ID. Your options include a driving license, passport, government-issued ID, etc. Once everything is sent in and verified, your account should be ready to use!

Before you proceed with the service, there are a few things to note. First, you might want to know more about the different options Interac offers, specifically, the eTransfer service and the online service. The former operates like any peer-to-peer money transfer service. Through it, you can facilitate a transaction between two users with only an email address or phone number! The latter option is akin to most traditional online banking services you’ve encountered. It allows users to make direct money transfers using their bank accounts.

Another thing to remember about Interac is that your bank account plays a crucial part in every transaction. Since the service closely collaborates with these financial institutions, your bank will be privy to your transaction history. This shouldn’t be much of an issue if you’re in line with the online gambling laws within Canada. In addition to this, remember that you will incur a small fee for every transaction you make with the service. While they’re not ideal, at least these charges are on the smaller side.

Creating a Skrill account is one of the easiest ordeals you’ll likely go through from a payment service. To get everything up and running, you’ll need to visit the method’s webpage and click on the register button. Once you do, you’ll be thrust into the first step of the sign-up process, filling out a registration form. This part only takes a few minutes. The form requires personal data like your contact details, so you shouldn’t have trouble with it. The second, and final, part of the process is verifying your identity. We’ve already explained this step with the previous service, so refer back to that part of the text if you need some help.

Now that your account is ready, all you have to do to start transacting is fund it. Doing so might be easy, but it does come with a big drawback – fees. Funding your Skrill account will incur a standard processing fee. Unfortunately, if you’re using a bank card to fund your account, you might be subject to an additional “cash advance” fee by your provider! That out of the way, we do have so good news. The solution supports tons of different payment methods you can use to top up your balance. These include options like VISA, Bank Transfer, AmEx, Diners Club, MasterCard, Trustly, Rapid Transfer, JCB, and more!

Using Interac and Skrill Across Online Casinos

Interac and Skrill are popular options in the online gambling world. As we might have already mentioned, the first of the two is available in about 600 online casinos globally, while the other is supported in nearly 1,000. You should have no issue finding a licensed venue with an offer suited to your tastes using either of them.

If Interac is your first choice of online casino deposit methods, here’s how you can use it to deposit:

1. Go to the casino’s Banking Methods/Cashier/Deposits page. 
2. Look for Interac’s logo and click on it. 
3. You’ll be redirected to a page where you’ll need to log into your bank account using your online banking credentials. 
4. Specify the amount of money you’d like to send, and if not pre-entered, specify the casino’s email address. 
5. Enter the security question you received previously and wait for the casino to provide the answer. This is one of the security measures Interac uses. 
6. After you’ve provided the answer, the money will immediately arrive in your account.

Withdrawing with Interac is just as simple as depositing. The process is practically the same, with some deviations in a few of the steps. Once you submit a withdrawal request through the service, the transaction will start running in the background. It shouldn’t take too long for it to arrive on your account, but to keep you notified of its status, you will receive an update via email or SMS. 

If you’ve decided to use Skrill as your go-to deposit method, here’s how to proceed:

1. Visit the casino’s Cashier/Payments/Banking page and look for Skrill’s logo.
2. Press it, and a new window will appear.
3. Log into your eWallet account using your credentials.
4. Specify how much you’d want to fund your balance, and confirm the transaction.
5. The money should appear on your balance instantly.

Withdrawing through Skrill is no hard task. The process is the same as depositing, with a slight difference in the fourth step. Here, make sure you specify how much you want to withdraw instead. We have more good news coming your way. Withdrawals with the service have short processing times. They tend to take about 24 hours, with the maximum waiting time extending to three days in rare cases. Even if the latter situation happens, the three-day waiting period is still pretty reasonable compared to other methods.

Advantages and Disadvantages

Choosing between Interac and Skrill can be hard. These services are packed with excellent features to enhance your online gambling experience, so settling on one can take a toll. To finish off this text, we’ll summarize the biggest pros and cons of these services as best as we can. Hopefully, this brief rundown can help you narrow it down to the service that better fits your needs.

There are many pros to using Interac. The service is fast and secure, and it offers several different solutions that suit different kinds of users. Convenience is a big part of what makes this payment method tick. On top of the benefits we already mentioned, the service is easy to use and widely available. With it at your side, you can choose between many great casinos worldwide! Of course, the cons of this service are pretty significant as well. It’s exclusive to Canadian players, and it does incur some transaction fees.

The other service on this list is Skrill. Skrill has a lot going for it. It’s one of the most popular eWallets worldwide, basting fast processing times, anonymity, and safety. Of course, that’s not all. While the service has plenty of perks players can look forward to, its availability is one of its best features. The service is available in pretty much every online casino, giving players a chance to choose between countless premium options. The downside to using this service is the fees. They might be on the more reasonable end, but they’re unavoidable.

Even with their biggest pros and cons laid bare, choosing between these two payment solutions can be a tough decision. On the bright side, we’re sure you’ll be happy no matter what direction you take! Interac and Skrill are top picks in the online gambling space for a reason, so you’re likely to have a positive experience with either of them.