Interac e-Transfer® Business Request Money
The simple, fast and secure way for businesses to request and collect payments
Simplify how you get paid
The Interac e-Transfer service you trust, now streamlined for business payments. Interac e-Transfer Business Request Money helps you quickly and securely collect payments from customers, enabling direct payment from your website, app, QR code, or even directly within your invoices.
Ways to use Business Request Money
Storefront purchases
Donations
Payments within a merchant’s website or app
Funding a new account or digital wallet
Credit card payments
Utility payments
Seamless. Straightforward. Secure.
1
Fast, frictionless experience
Businesses benefit from instant payment deposits. And customers enjoy the flexibility of transacting directly through a website or mobile app.
2
Low acceptance cost
Business Request Money can be a more cost-effective alternative compared to other payment methods, such as credit cards, while enabling your business to receive funds instantly.
3
State-of-the-art security
Pre-established payment consent reduces the risk of fraud and directs deposits to a single source. Plus, Business Request Money brings the same bank-grade security as other Interac e-Transfer services.
Not sure if Business Request Money is right for your business?
You're in the right place. Business Request Money is set up through your financial institution, but before you talk to your bank, it helps to know what to ask.
Sign up below and we'll guide you through it in a few short emails.
Frequently asked questions
Can I use the Business Request Money feature at my physical storefront or pop-up?
Yes. Consumers can pay for goods and services at a storefront or any small business using a QR code-driven Business Request Money transaction.
What are the requirements to set up Interac e-Transfer Business Request Money?
Business Request Money is available through a participating financial institution’s online banking service. Organizations looking to incorporate the feature on their website, mobile app or via a QR code should contact their financial institution.
Is Interac e-Transfer Business Request Money secure?
Yes. Pre-established payment consent reduces the risk of fraud and directs deposits to a single source. Plus, Business Request Money offers the same bank-grade security as other Interac e-Transfer services. Funds are transferred through established and secure banking procedures.
Which financial institutions currently offer Interac e-Transfer Business Request Money?
Business Request Money is currently available through the following participating Canadian financial institutions:
- BMO
- CIBC
- DC Bank
- Peoples Trust
- Scotiabank
More financial institutions are working to bring Business Request Money to their business customers, so this list will continue to grow.
What if my financial institution isn't on the list yet?
You still have options. If you bank with an institution that doesn't yet offer Business Request Money, we recommend two things:
- Let your financial institution know you're interested. Merchant demand is one of the biggest signals financial institutions use when deciding which features to bring to their business customers.
- Stay in the loop with us. Sign up above and we'll keep you informed as new financial institutions come on board - so you'll know as soon as it's available where you do your banking.
Let’s Get You Started
Tell us a bit about you and your business, and we'll send you a short email series covering how Business Request Money works, whether it's a fit for your business, and what to ask when you're ready to talk to your financial institution.
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