I manage several businesses with merchant accounts, and our fees on Interac debit are far far lower than credit cards. Credit card fees are really rough on small businesses, especially for premium cards (Visa Infinite, etc).
In my experience, all the places that I’ve been to that aren’t cash-only accept Interac (or just debit), both large and small businesses that sometimes don’t have the Interac sticker. It could be my luck, but I’ve yet to find one that has a card terminal and doesn’t do Interac.
I don’t see it in a lot of places sadly.
Where in Canada are you that you don’t see Interac?
My corner homeless person tales Interac…
For real. I legit can’t think of anywhere that doesn’t do Interac at least in Ontario/Quebec
I was under the impression that Interac was the standard in Canada.
Not a standard, so much as a monopoly that charges all Canadian shoppers a hidden tax no matter how they pay.
Can you elaborate on this?
I manage several businesses with merchant accounts, and our fees on Interac debit are far far lower than credit cards. Credit card fees are really rough on small businesses, especially for premium cards (Visa Infinite, etc).
He can’t elaborate on it because he’s full of shit
In my experience, all the places that I’ve been to that aren’t cash-only accept Interac (or just debit), both large and small businesses that sometimes don’t have the Interac sticker. It could be my luck, but I’ve yet to find one that has a card terminal and doesn’t do Interac.