For businesses serving Canadian customers, Interac can be an important part of the payment mix. But accepting Interac Debit and accepting Interac e-Transfer are not the same process, and treating them as interchangeable can create confusion about equipment, fees, settlement, refunds, fraud controls, and bookkeeping. Interac Debit is primarily a...
Surcharging in Canada Under the Code of Conduct: Caps, Notice Requirements, and Where It’s Still Banned
Credit card surcharging in Canada is no longer universally prohibited. Eligible merchants can add a surcharge to certain credit card transactions, but the permission comes with important limits involving the card network, the merchant's cost of acceptance, advance notice, customer disclosure, provincial law, the payment credential being used, and the...