Interac Debit for Business
Give your customers the confidence of checking out with their own funds thanks to Interac® Debit. As a business owner, enjoy the confidence of knowing you have a secure and efficient best-in-class payment solution for your business:
- No chargebacks Funds are always there since the financial institution authorizes the payment.
- Low cost Single flat fee regardless of purchase price.
- Low-friction checkouts Improves checkout speeds with its contactless option with card or mobile.
- Easy refunds If you offer refunds, you can process them through Interac Debit as long as the cardholder is there to authorize the transaction.
How Interac Debit works:
- Present the debit terminal to your customer.
- Your customer inserts their card and enters the secure PIN code.
- The issuing financial institution authorizes the payment.
Any business that takes payment in person can use Interac Debit, whether you’re a retailer, a dental office, yoga studio or you operate a temporary stall at a farmer’s market.
Software-Based Pin on Cots
Focus on growing your business with flexible & low-cost Software-Based Pin on Cots (SPoC) for Mobile Point of Sale transactions.
SPoC is a software-based approach in which a cardholder is able to enter their PIN on a merchant owned mobile device such as a mobile phone or tablet. The cardholder’s PIN is entered on a verified Acquirer APP while their card is inserted into the merchants Secure Card Reader.
If you are a micro or small business, a freelancer, or a charity you can accept payments with ease wherever you may be by integrating a Software-Based Pin on Cots (SPoC) solution.
Enjoy the flexibility of mobile point of sale Interac Debit transactions on your device such as a mobile phone or tablet without the need for an integrated payment solution.
For more information, contact an Acquirer to get started.