Click2Pay

 

The casino industry reached a global market value of almost $250 billion by the end of 2022. While some people still opt for land-based casinos, many are turning to online casinos due to the convenience these platforms offer. However, when you decide to play online, you need a secure and efficient way to deposit and withdraw funds. Luckily, as this industry grows, many new payment options become available. In this guide, we want to focus on a very specific payment option that you’ll find at various online casinos that are available in Canada. The payment gateway is called Click2Pay, and it works with the Interac e-Transfer platform. It’s super convenient to use, as it allows you to deposit and withdraw directly from and to your bank account, but without having to go through the hassle of manual bank transfers. We’ll take a look at how Click2Pay works, consider its pros and cons, and also share some tips to help you understand how to use it.

What is Click2Pay and How Does it Work?

Interac is a financial institution in Canada. This company offers a number of products to consumers and businesses. Among these products is one called Interac e-Transfer, a solution that the company developed to offer easier payment options for consumers.

 

One major challenge that consumers and businesses faced was the fact that the e-Transfer feature from Interac had limitations when it came to online shopping. This led to the creation of Click2Pay, another invention by Interac that solves the problem.

 

Click2Pay uses the same e-Transfer technology from Interac, but with a few changes that make the payment solution an ideal choice when transacting online.

 

What makes Click2Pay such a great option is the fact that the app connects directly to your local Canadian bank account. Once you’ve set up your account and connected your bank account, it’s really easy to use Click2Pay afterward. The system can be used for a wide variety of online purchases. This, of course, includes making deposits or withdrawing money you’ve won at an online casino.

Click2Pay Pros and Cons

Click2Pay is a very convenient payment option, but it’s important to be realistic when assessing the platform. This is why we want to take a closer look at both the pros and cons that this payment method offers, specifically in regard to online gambling.

 

First up, let’s consider the advantages that Click2Pay offers when you want to add money to an online casino account, or perhaps when withdrawing funds:

 

• The system connects directly to your bank account. This helps to speed up the process of receiving or sending funds, especially if you compare the processing times to a more traditional type of bank transfer.
• The transaction fees that Click2Pay charges are quite low when you compare them to some of the other payment methods you can use at an online casino.

 

Now that you have a better idea of the advantages that Click2Pay offers, let’s also consider some of the drawbacks:

 

• Click2Pay is only available to people who are in Canada. This means if you’re not a local, you won’t be able to use it. You also need a local bank account with a supported bank.
• Even though Click2Pay has really great rates in terms of transaction fees, some online casinos may have extra costs that they charge if you choose this payment option.

How to Deposit Funds

It’s quick and easy to use Click2Pay to deposit funds at an online casino. However, if you don’t have a Click2Pay account yet, then it’s really important to take a moment to create one. This process does require verification and connecting your bank account to your profile. Click2Pay uses secure encryption methods to ensure your banking details remain safe and secure.

 

When you have an account, you can simply follow these steps to deposit money:

 

• Log into your online casino account and head to the platform’s Deposit page. You can usually find this on the homepage once you’re signed in. If you don’t see the Deposit button, head over to your wallet.
• On the deposit screen, the casino will present you with a couple of options to use to make a deposit. Choose Click2Pay. You need to specify how much you want to deposit at this point. Make sure the deposit amount falls within the limits that the online casino accepts.
• The next step will take you to the Click2Pay platform. You need to sign into your account and then authorize the transaction. Make sure to double-check that everything is correct, including the amount.
• Once you confirm the transaction, you’ll be taken back to the online casino’s website. If the transaction is successful, you’ll get a notification, and the funds will be added to your account.

 

In some cases, you may need to refresh the page to reflect the deposit in your account balance. If you find that your balance doesn’t update after refreshing the page, head to your wallet and take a closer look at the list of recent transactions. There might have been an error during the process. If this is the case and the funds were deducted from your bank account, then you should get in touch with the online casino’s support team.

How to Withdraw Funds

Once you’ve collected some winnings in your online casino account and you decide it’s time to withdraw, you can choose to have the money paid to your bank account through the Click2Pay platform.

 

Follow these steps to make a withdrawal request:

 

• Look for a withdrawal button on the casino’s website. You’ll usually find this button in the wallet section of the website.
• You’ll see the withdrawal options that the casino can offer you. Look for Click2Pay and click on this button.
• Fill out the details related to your withdrawal request. This includes how much money you want to withdraw from your account. The website should show you any transaction fees they will charge at this point.
• You’ll now need to connect to your Click2Pay account or enter your account details. The online casino will then send the money to your Click2Pay e-wallet.

 

Once the funds show up in the Click2Pay app, you can withdraw them directly from your local bank account. This process is usually quick and easy.

Where Can You Use Click2Pay?

When you want to use a specific payment method to play online gambling games, it’s really important that you ensure you can actually access it. Click2Pay was created by Interac, a Canadian company that has been around for a long time. At the moment, Click2Pay is also only available to people in Canada. You’ll also have to make sure the bank you have an account with is supported by this platform.

Final Thoughts: Is Click2Pay a Viable Online Casino Payment Option?

If you’re in Canada and want to play online gambling games, then Click2Pay is definitely a great choice as a payment option. It’s really easy to get started, and the platform connects directly to your local bank account. However, you still need to make sure the app supports the bank you have an account with. If it’s compatible, then the payment method can help you save on fees and offer much faster processing times than some of the other payment methods you can use.