Interac
Canada’s Go-To Network for Secure, Bank-Linked Payments
Interac, launched in 1984, is a cornerstone of Canada's digital payment system, enabling users to make safe and direct transactions from their bank accounts. Widely supported by major Canadian banks, Interac offers a convenient alternative to credit cards for online and in-person payments, earning the trust of millions nationwide.
Country:
Canada
Population (Canada)
Approximately 37.6 million (as of 2021)
Number of Internet users
> 34 million
Popular payment methods
Credit/Debit Cards, Interac Online, E-Transfers, E-Wallets.
Interac Online
0%
Credit/Debit Cards
0%
E-Wallets
0%
Bank Transfers
0%
Other
0%
0%
About payment system
Interac is widely recognized as a trusted and instant payment method across Canada. With seamless integration into nearly all major Canadian financial institutions, it offers a level of reliability and user confidence that few other systems in the region can rival.
The process for consumers is simple: at checkout, they select Interac Online, choose their bank, and confirm the transaction through their existing online banking interface. Since payment details aren’t shared with the merchant, the risk of data exposure or fraud is significantly reduced.
Merchants benefit from Interac Online thanks to its quick settlement times and lower fees compared to standard credit card processing. Its broad usage and strong reputation among Canadian consumers can also help businesses boost conversion rates.
Interac Online is built with security in mind. Features such as encrypted transactions and secure authentication make it a dependable option for those concerned with online safety. With innovations like Interac e-Transfer, the platform continues to adapt to the evolving needs of Canadian users in an increasingly digital world.
Always at your service
For issues or questions, check out our FAQ page or contact us via phone, email or contact form.
