Canadian based direct payment system Interac gives an online players instant access to their money when they want to transact with a merchant or an online merchant. It gives the client the convenience to do purchases without physically having cash with them. It is also a direct system hence there is no credit owing at a later stage. This makes the system safe and also gives the client the peace of mind when transacting to an online merchant or with an offline merchant.
Being an online payment provider in Canada when it comes to debit card services Interac gives Canadian players access to their funds in two ways. They can access their funds through automated banking machines and point of sale terminals. Being a not for profit organization, Interac does not directly charge fees to their customers and online merchants, Interac works on a cost recovery basis and in short this means that they will charge merchants and online clients a “per transaction” fee just to cover their operating cost.
Interac is simplified with the way it is setup. Being easy and secure it allows the online player to access their funds directly from their banking account and by doing that they can easily transfer or load funds onto their Interac account. Although Interac facilitates the transacting of funds between merchants it also assists in the transacting between people who are clients of Interact. Having surety in transacting plays a vital role in online payments, Interact supplies each client’s peace of mind when it comes to transactions.
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Being one of the most innovative alternative direct payment methods available in Canada, Interac has become well known. Well over 400 000 merchants and offering 55 000 automated banking machines throughout Canada it offers customers the convenience of accessing their funds wherever they are in Canada. Being a pure Canadian company Interact offers two currencies to their clients.
Interac offers the following currencies to register an account in: US Dollar, Canadian Dollar.
Interac has become part of everyday Canadian life. The Interact payment method is a reliable and convenient electronic payment option. Cardholders have the choice of using their Interac card to make purchases at participating merchants displaying the Interac logo. Canada being quite a diverse country Interac gives the option to clients which language they prefer. French and English are the 2 main languages spoken in Canada
Interac offers the following languages to open-up an account in: English, French.
Interact succeeds by leveraging current relationships and processes between parties. It enhances like Ecocard bingo the current relationship between the client and the financial institution and it also enhances the relationship between the merchant and the payment processor. Privacy is a big aspect in where Interac proud itself as none of the financial details or personal details is shared with third parties or merchants. Another great benefit of Interact is called Spending control, it ensures that the client manages their spend as available funds are being used out of their banking accounts and not their credit facility.
Interac was formed in 1984 and comprised now of a diverse group of people and institutions. Canadians associate with the Interac brand as it is reliable and trusted throughout Canada. Interac Shared services continue to impact the lives of clients every minute of every day across Canada. The Interac payment option has surpassed “cash” as method of payment in Canada. Interac is a success story based on statistics that show that Canadians are amongst the world’s biggest users when it comes to doing online payments
You can get in touch with Interac trough the contact following details:
Royal Bank Plaza, North Tower
200 Bay Street, Suite 2400
P.O. Box 45, Toronto, ON
M5J 2J1TEL: 416.362.8550