PAYMENT METHOD

Interac eTransfer

Interac eTransfer is a Canadian interbank network that allows merchants, financial institutions, and consumers to exchange electronic funds.

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Type

Bank transfer

Relevent business model

  • B2B
  • B2C

Recurring payments

Not supported

Refunds

Supported

Disputes

Not supported

Payment completion

Immediate

Payment gateways

Payment flow

  1. Customer selects Interac at checkout
  2. Customer selects their bank
  3. The available Interac methods are displayed (Interac Online, Interac e-Transfer, Interac e-Transfer Online), Customer selects Interac method