WHAT IS
INTERAC?

Interac is Canada’s interbank network, offering customers a secure way to pay for products online and offline. It manages direct bank transfers, using linked merchant accounts and accurate authentication through the related banks.
Using the Interac payment gateway can be a strategic investment in your business growth. PayAdmit can help you integrate the solution into your existing financial system, contributing to smooth payment workflows.

 

Interac

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Countries:
Worldwide
Currencies:
Multiple

Interac features

Split payments
Full and partial refunds

WHERE TO USE
INTERAC?

Interac can be used for online and offline purchases, instant transfers, and bill payments. Supported by major Canadian banks and retailers, the network is perfect for personal and commercial use. Over 450,000 merchant locations are accepting Interac debit payments across the country

KEY FEATURES OF
INTERAC

Wide adoption. Offers one of the most reliable ways to move more money in Canada.
Speed. Enables quick transactions with quick access to the received funds.
Ease of use. Manages simple payments and sends notifications after confirming the operation.
Security policy. Keeps each transfer encrypted to protect both the sender and recipient.

FREQUENTLY ASKED QUESTIONS

Why should you use a provider like Interac? Toggle Icon

Interac ensures fast and secure payments within Canada. It offers convenient bank transfers, low charges, and broad compatibility with major financial institutions, making it perfect for frequent transfers.

 

 Is it safe to move funds using Interac? Toggle Icon

Yes, it is safe to move funds using Interac. The network uses encryption, secure banking, and identity verification to protect users.

Which countries and currencies are covered by Interac? Toggle Icon

The Interac payment gateway operates exclusively in Canada and accepts payments in Canadian dollars (CAD). It is designed for domestic use, connecting local banks, credit unions, and merchants.

How much time does it take to integrate Interac through PayAdmit? Toggle Icon

The integration process usually takes 3–7 business days, including verification and technical setup.

Can you integrate Interac along with other providers through PayAdmit? Toggle Icon

Yes, PayAdmit can help you integrate Interac alongside other providers, SWIFT, SEPA, and even crypto.

What are Interac’s refund and chargeback policies? Toggle Icon

Interac does not offer traditional chargebacks. Once an e-Transfer is accepted or auto-deposited, it cannot be reversed unless fraud is detected. Refunds can be managed before final acceptance. Unclaimed transfers expire after 30 days and are instantly returned to the sender.

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