PAYMENT METHOD

Interac

Interac is a Canadian debit card system that allows funds to be sent via its e-Transfer service.

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Type

Credit card

Relevent business model

  • B2B
  • B2C

Recurring payments

Not supported

Refunds

Supported

Disputes

Supported

Payment completion

Immediate

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 - NEED TO TEST FURTHER