Interac can help you give customers the payment options they want<\/strong><\/h3>\n\n\n\nClick through to discover how Interac sets you up for success:<\/p>\n\n\n\n\n\n \n \n \n \n \n \n \n 1. Interac<\/i> Debit<\/h1>\n
Bring efficiency to your point-of-sale payments with contactless payments via card and digital wallets. <\/p>\n <\/div>\n
\n \n ![\"\"](\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\")
<\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \n \n \n \n 2. Interac<\/i> Debit e-Commerce Payments <\/h1>\n
Providing debit as a payment option for digital wallets and online payments improves your customer experience.<\/p>\n <\/div>\n
\n \n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \n \n \n \n 3. Interac<\/i> Debit with SPoC <\/h1>\n
On the go? Customers can securely pay with Interac<\/i> Debit anywhere. <\/p>\n <\/div>\n \n \n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \n \n \n \n 4. Interac<\/i> e-Transfer for Business <\/h1>\n
Business payments available anywhere, anytime.<\/p>\n <\/div>\n
\n \n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n \n\n\n<\/p>\n\n\n\n
Here are some key developments in payments that businesses need to be aware of to meet the evolving needs of shoppers and the fast pace of business in the age of e-commerce.<\/p>\n\n\n\n
Shift 1: The pandemic accelerated the move to e-commerce<\/strong><\/h3>\n\n\n\n<\/figure>\n\n\n\nMore than eight out of 10 Canadian consumers made an online purchase in the first half of 2021 as e-commerce grew at an annual pace of 25 per cent, according to the NPD Group. And the move to e-commerce is still in a state of constant evolution<\/a>. Businesses need to adapt to keep up.<\/p>\n\n\n\nThe opportunity? Allow customers to pay with debit when shopping on your site by offering Interac<\/em> Debit e-Commerce Payments<\/a>.<\/p>\n\n\n\nShift 2: Shoppers expect digital payment options<\/strong><\/h3>\n\n\n\n<\/figure>\n\n\n\nAs the payments data shows us<\/a>, the pandemic accelerated changes in consumer behaviour that had already been in progress.<\/p>\n\n\n\nOur survey data shows how consumers\u2019 expectations have heightened: Most Canadians (72 per cent) believe they should have the option to pay with debit across multiple channels, not just in store. To meet that demand, businesses should be prepared to offer debit whether the customer is paying in app, online, or in store. And if you don\u2019t meet the demand? According to Shopify, 7 per cent of people abandon shopping carts because the retailer doesn\u2019t offer enough payment methods.<\/p>\n\n\n\n
The opportunity? One way to look at omnichannel checkout experiences is to think of the customer as the channel. Offering all forms of payment ensures you\u2019re meeting all customers where they are and serving them in the way they prefer. Offer digital payment options like Interac<\/em> Debit<\/a> to avoid missing sales from customers who don\u2019t use cash.<\/p>\n\n\n\nShift 3: Businesses are accepting Interac <\/em>e-Transfer payments from customers \u2014 and for B2B payments, too<\/strong><\/h3>\n\n\n\n<\/figure>\n\n\n\nCanadians have been using Interac <\/em>e-Transfer more often over the past couple of years. And they\u2019re not just using it to send money to friends and family: A significant number reported using the service to pay local businesses for goods and services.<\/p>\n\n\n\nThe opportunity? Remind clients and customers that you accept Interac <\/em>e-Transfer as a payment method. Set up the Autodeposit feature so the money lands in your account once you\u2019re paid \u2014 no further action is required on your part. As well, you can use Interac <\/em>e-Transfer Request Money<\/a> to remind clients when it\u2019s time to pay an invoice. That includes business customers and suppliers. Read up on how you can level up your B2B payments with Interac<\/em> e-Transfer for business<\/a>.<\/p>\n\n\n\nShift 4: More consumers are going cashless<\/strong><\/h3>\n\n\n\n<\/figure>\n\n\n\nCanadians have been transitioning from cash to contactless and digital payments for a while, and since the advent of COVID-19, our data shows that this tendency has sped up<\/a>. In fact, six in 10 Canadians say they prefer to leave their physical wallet at home for short trips<\/a>.<\/p>\n\n\n\nThe upshot? For businesses to thrive, offering digital services like contactless payments and payments via\u00a0mobile wallets<\/a>\u00a0is becoming essential. Fortunately, there are also more options for merchants seeking to meet this moment and capitalize on cashless payments. <\/p>\n\n\n\nWith Tap to Pay on iPhone and Tap to Pay on Android, businesses can accept all types of contactless payments directly on their smartphones\u2014no additional hardware required. That means fast checkouts, short lines, and happy shoppers, all while saving money on payment hardware and enjoying the low transaction fees of Interac Debit.<\/a><\/p>\n\n\n\n
1. Interac<\/i> Debit<\/h1>\n
Bring efficiency to your point-of-sale payments with contactless payments via card and digital wallets. <\/p>\n <\/div>\n
![\"\"](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/INT_ProductLife_Small-Business_Carousel-1.jpg.webp\")
<\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n 2. Interac<\/i> Debit e-Commerce Payments <\/h1>\n
Providing debit as a payment option for digital wallets and online payments improves your customer experience.<\/p>\n <\/div>\n
![\"\"](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/INT_ProductLife_Small-Business_Carousel-2.jpg.webp\")
<\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n 3. Interac<\/i> Debit with SPoC <\/h1>\n
On the go? Customers can securely pay with Interac<\/i> Debit anywhere. <\/p>\n <\/div>\n Business payments available anywhere, anytime.<\/p>\n <\/div>\n <\/p>\n\n\n\n Here are some key developments in payments that businesses need to be aware of to meet the evolving needs of shoppers and the fast pace of business in the age of e-commerce.<\/p>\n\n\n\n More than eight out of 10 Canadian consumers made an online purchase in the first half of 2021 as e-commerce grew at an annual pace of 25 per cent, according to the NPD Group. And the move to e-commerce is still in a state of constant evolution<\/a>. Businesses need to adapt to keep up.<\/p>\n\n\n\n The opportunity? Allow customers to pay with debit when shopping on your site by offering Interac<\/em> Debit e-Commerce Payments<\/a>.<\/p>\n\n\n\n As the payments data shows us<\/a>, the pandemic accelerated changes in consumer behaviour that had already been in progress.<\/p>\n\n\n\n Our survey data shows how consumers\u2019 expectations have heightened: Most Canadians (72 per cent) believe they should have the option to pay with debit across multiple channels, not just in store. To meet that demand, businesses should be prepared to offer debit whether the customer is paying in app, online, or in store. And if you don\u2019t meet the demand? According to Shopify, 7 per cent of people abandon shopping carts because the retailer doesn\u2019t offer enough payment methods.<\/p>\n\n\n\n The opportunity? One way to look at omnichannel checkout experiences is to think of the customer as the channel. Offering all forms of payment ensures you\u2019re meeting all customers where they are and serving them in the way they prefer. Offer digital payment options like Interac<\/em> Debit<\/a> to avoid missing sales from customers who don\u2019t use cash.<\/p>\n\n\n\n Canadians have been using Interac <\/em>e-Transfer more often over the past couple of years. And they\u2019re not just using it to send money to friends and family: A significant number reported using the service to pay local businesses for goods and services.<\/p>\n\n\n\n The opportunity? Remind clients and customers that you accept Interac <\/em>e-Transfer as a payment method. Set up the Autodeposit feature so the money lands in your account once you\u2019re paid \u2014 no further action is required on your part. As well, you can use Interac <\/em>e-Transfer Request Money<\/a> to remind clients when it\u2019s time to pay an invoice. That includes business customers and suppliers. Read up on how you can level up your B2B payments with Interac<\/em> e-Transfer for business<\/a>.<\/p>\n\n\n\n Canadians have been transitioning from cash to contactless and digital payments for a while, and since the advent of COVID-19, our data shows that this tendency has sped up<\/a>. In fact, six in 10 Canadians say they prefer to leave their physical wallet at home for short trips<\/a>.<\/p>\n\n\n\n The upshot? For businesses to thrive, offering digital services like contactless payments and payments via\u00a0mobile wallets<\/a>\u00a0is becoming essential. Fortunately, there are also more options for merchants seeking to meet this moment and capitalize on cashless payments. <\/p>\n\n\n\n With Tap to Pay on iPhone and Tap to Pay on Android, businesses can accept all types of contactless payments directly on their smartphones\u2014no additional hardware required. That means fast checkouts, short lines, and happy shoppers, all while saving money on payment hardware and enjoying the low transaction fees of Interac Debit.<\/a><\/p>\n\n\n\n![\"\"](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/INT_ProductLife_Small-Business_Carousel-3.jpg.webp\")
<\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n 4. Interac<\/i> e-Transfer for Business <\/h1>\n
![\"\"](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/INT_ProductLife_Small-Business_Carousel-4.jpg.webp\")
<\/figure>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n \n\n\nShift 1: The pandemic accelerated the move to e-commerce<\/strong><\/h3>\n\n\n\n
![\"Interac](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/Interac_Debit_omnichannel_fact_box_1-1024x202.png.webp\")
<\/figure>\n\n\n\nShift 2: Shoppers expect digital payment options<\/strong><\/h3>\n\n\n\n
![\"Text:](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/Interac_Debit_omnichannel_fact_box_2-1024x202.png.webp\")
<\/figure>\n\n\n\nShift 3: Businesses are accepting Interac <\/em>e-Transfer payments from customers \u2014 and for B2B payments, too<\/strong><\/h3>\n\n\n\n
![\"Text:](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/Interac_Debit_omnichannel_fact_box_3-1024x202.png.webp\")
<\/figure>\n\n\n\nShift 4: More consumers are going cashless<\/strong><\/h3>\n\n\n\n
![\"Text:](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/Interac_Debit_omnichannel_fact_box_4-1024x202.png.webp\")
<\/figure>\n\n\n\n
![\"Graphic:](\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/10\/Interac_Debit_omnichannel_graphic-1024x843.png.webp\")
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