{"id":168739,"date":"2024-10-09T17:01:58","date_gmt":"2024-10-09T21:01:58","guid":{"rendered":"https:\/\/www.interac.ca\/?post_type=content&p=168739"},"modified":"2025-05-30T16:42:15","modified_gmt":"2025-05-30T20:42:15","slug":"how-interac-debit-helps-your-small-business-in-the-busiest-times","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/business\/how-interac-debit-helps-your-small-business-in-the-busiest-times\/","title":{"rendered":"How Interac Debit helps your small business in the busiest times"},"content":{"rendered":"\n

If you run an independent small business, we don\u2019t need to tell you the holidays are one of the busiest times of the year. It\u2019s every small business owner\u2019s goal to hustle through the season in the most efficient, hassle free way \u2014 while also maximizing profits.<\/p>\n\n\n\n

But how? With Interac Debit, small businesses can create a low-friction checkout solution, keep their interchange fees low, and many can sell to customers whether they are doing their holiday shopping online or in-person.<\/p>\n\n\n\n

Let\u2019s look at how Interac Debit can help and support your business on its most bustling days:<\/p>\n\n\n\n

Interac Debit offers you an economical option for accepting payments<\/h2>\n\n\n\n

At Interac we\u2019re committed to providing small businesses with low-cost payment solutions. Interac Debit offers a single flat fee regardless of purchase price. This helps limit the amount of transaction fees you\u2019ll pay during your peak periods. For example, if you make a sale of $500, other payment methods could set you back around $10 in interchange fees. But Interac Debit will only cost around 10 cents per transaction. Over time, that difference really adds up.<\/p>\n\n\n\n

Learn more about the fee structure of Interac Debit<\/a>.<\/p>\n\n\n\n

Interac Debit allows you to offer a fast, low-friction checkout experience<\/h2>\n\n\n\n

Interac Debit helps independent and micro businesses avoid losing out on sales from people who don\u2019t carry cash, or who don\u2019t (or can\u2019t) pay with credit. When those customers see a \u201ccash only\u201d sign, or are told they have to pay with credit, that\u2019s friction. They can decide not to make a purchase (or abandon their cart, if shopping online).<\/p>\n\n\n\n

Interac Debit gives those customers another choice in how to pay, whether online or in store. With Interac Debit they can pay using their debit card or a mobile wallet (i.e., Apple Pay or Google Pay). Offering customers their preferred choice of payment lowers the friction level of the experience for them.<\/p>\n\n\n\n

Interac Debit can also help speed up your physical checkout so customers won\u2019t have to wait too long in line, even during the busiest days. When customers make contactless transactions using a card or mobile device, they help get checked out fast, by avoiding putting in a PIN (subject to transaction limits) \u2014 which keeps the queue moving. Just imagine how a smooth checkout could keep your holiday customers calm and happy!<\/p>\n\n\n\n

And for you, accepting Interac Debit can help you avoid the hassles of counting and dealing with cash. That\u2019s another plus.<\/p>\n\n\n\n

\"Busy<\/figure>\n\n\n\n

<\/p>\n\n\n\n

To be able to offer Interac Debit, you have to connect with an acquirer.<\/p>\n\n\n\n

Find an acquirer here.<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

Interac Debit lets you accept payments without a storefront<\/h2>\n\n\n\n

If you\u2019re planning to work somewhere away from your usual home base \u2014 like a craft fair, event or party \u2014 you can still easily accept Interac Debit for customer payments using a mobile phone or tablet. One new solution for this holiday season is to accept Interac Debit contactless payments directly with your smartphone without the need for extra hardware (like a card reader). Tap to Pay on iPhone<\/a> and Tap to Pay on Android give you the freedom to sell wherever you are \u2014 to help you expand the reach of your small business during your upcoming holiday season.<\/p>\n\n\n\n

What about online sales? If you have an e-commerce store, it\u2019s probably also busy during the holidays, as customers shop. Wouldn\u2019t it be ideal to capture as many potential sales as you can? Avoid abandoned shopping carts by ensuring your customers have the option to pay by debit online through digital wallets.<\/p>\n\n\n\n

Make sure you\u2019re serving online shoppers who prefer to pay by debit. <\/p>\n\n\n\n

Learn more about Interac Debit and online sales here<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"Busy<\/figure>\n\n\n\n

<\/p>\n\n\n\n

With Interac Debit, there are no chargebacks<\/h2>\n\n\n\n

The holidays and their aftermath can bring an increased risk of chargebacks<\/a> for credit transactions. Having the charges unexpectedly reversed on your holiday sales can disrupt your business\u2019s cash flow \u2014 and given the timeframe for charge disputes, this can go on for months into the new year.<\/p>\n\n\n\n

How is Interac Debit different? It works on a \u201cgood funds\u201d model, which means funds are sent from your customer\u2019s bank account to your commercial account in real time. And because customers are paying directly with funds that are already in their accounts, you won\u2019t get stung by chargebacks \u2014 with Interac Debit, there aren\u2019t any.<\/p>\n\n\n\n

Interac Debit makes refunds easy<\/h2>\n\n\n\n

Refunds can also be quick and easy with Interac Debit \u2014 another feature that benefits both you and your customers. When it\u2019s busy times for you, it can often be busy times for customers as well \u2014 they\u2019ll appreciate the convenience of fast refunds. (And if you and your employees don\u2019t have to spend too much time issuing refunds, you can focus more on sales \u2014 which is better for your business.)<\/p>\n\n\n\n

If you offer refunds, you can process them through Interac Debit as long as the cardholder is there to authorize the transaction.<\/p>\n\n\n\n

Learn how to offer traditional point-of-sale contactless payments with
Interac Debit<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

With Interac Debit, you receive payment immediately<\/h2>\n\n\n\n

Interac solutions are all about getting you paid fast. <\/em>When your customers pay with Interac Debit (or Interac e-Transfer), you\u2019ll receive payment in your account right away \u2014 days faster than some other methods. Like cheques, for example: Not only do you have to wait for them to clear, they can involve a trip to the bank.<\/p>\n\n\n\n

Interac Debit can also be more convenient than cash, which you have to count, manage, and bring to the bank while avoiding having it lost or stolen.<\/p>\n\n\n\n

\"Busy<\/figure>\n\n\n\n

<\/p>\n\n\n\n

As you can see, the holidays can be lucrative without <\/em>being a headache for running your small business. <\/p>\n\n\n\n

And if you need a positive thought to keep you motivated: Busy times mean your business may be growing \u2014 and the benefits of Interac Debit are ready to scale up with you.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Interac Debit can keep helping you as your business grows.<\/strong><\/p>\n\n\n\n

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\n \n Learn how<\/a>\n \n <\/div>\n \n <\/div>\n<\/section>\n\n\n

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* https:\/\/www.interac.ca\/en\/content\/news\/fuel-for-economic-recovery-canadians-want-to-support-local-businesses-in-their-communities-and-half-are-willing-to-pay-more-if-needed\/<\/p>\n","protected":false},"excerpt":{"rendered":"

If you run an independent small business, we don\u2019t need to tell you the holidays are one of the busiest times of the year. It\u2019s every small business owner\u2019s goal to hustle through the season in the most efficient, hassle free way \u2014 while also maximizing profits. But how? With Interac Debit, small businesses can…<\/p>\n","protected":false},"author":28,"featured_media":168789,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"content-tags":[279,300],"content-category":[189],"spokespeople":[],"in_the_know_post_format":[],"class_list":["post-168739","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-interac-debit","content-tags-small-business","content-category-business"],"acf":[],"yoast_head":"\nInterac Debit Supports Small Business During the busiest times<\/title>\n<meta name=\"description\" content=\"Interac solutions, especially Interac Debit, support small businesses by helping them collect payment from customers during the busiest times \u2014 like the holidays.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interac.ca\/en\/content\/business\/how-interac-debit-helps-your-small-business-in-the-busiest-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Interac Debit helps your small business in the busiest times\" \/>\n<meta property=\"og:description\" content=\"If you run an independent small business, we don\u2019t need to tell you the holidays are one of the busiest times of the year. 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