DebitWay provides an immediate, secure and effective system to transfer Cash over the Internet.
Whether opening a new business or expanding an established one, DebitWay provides a flexible and secure payment platform which meets the highest security standards.
Allow consumers to pay directly from their bank accounts, with the utmost security and confidence.
DebitWay offers merchants INTERAC© Online Payment services, which allow consumers to pay for goods and services, directly from their bank account.
Did you know, hundreds of merchants are already taking advantage of INTERAC© Online now?
Canadians coast to coast associate the INTERAC© brand and as well as the alternative payment service provider DebitWay with leading electronic payment services that are trusted, secure and reliable.
Credit cards are no longer the only kind of preferred online payment method for web merchants.
No matter the size or industry type, if you're a web merchant with products or services or content to sell, DebitWay has a turnkey e-commerce solution that's designed just for you.
INTERAC© Open For Business
The preferred payment option offered to the consumer at checkout in Canada.
When you join DebitWay, you become part of a network whose members work co-operatively to keep debit payment services the most used, trusted and reliable methods of electronic payment in North America.
DebitWay provides a payment gateway to INTERAC© where the merchant can seamlessly integrate into their online presence and current payment systems. Offering merchants INTERAC© Payment services, allows consumers to pay for goods and services online, directly from their own bank account in real time, with the utmost security and confidence.
Who uses INTERAC© Payment?
Canadians already use Interac Direct Payment
Cardholders have used INTERAC© Direct Payment to make a purchase
People who bank and shop online want debit online
Canadians prefer to use their own money - not credit
How it Works
Real-time transactions: Funds are deducted instantaneously from the customer's bank account.
When a customer chooses INTERAC© as a payment option, they are automatically redirected to INTERAC© website, where they choose their participating bank. INTERAC© redirects the customer to the same login page that they use for their regular online banking transactions. During the redirection, transaction details (usually the total value and invoice number) are relayed to the consumer's bank along a parallel, secure network. Once logged in with their secured banking user name and password, the customer is presented with the transaction details. Whether the customer accepts or declines the transaction, in both cases, the customer's bank will either confirm or deny the transaction to DebitWay, which will relay the bank's response to the merchant.
Merchants
Providing customers with the INTERAC© payment options increases opportunities for sales. It allows customers to send direct payments from their own bank account to their favourite online merchants in real-time, with the utmost security.
Attracts new markets
INTERAC© Online and Debitway opens up a world of online shopping for consumers who:
- Are unable or unwilling to obtain credit cards
- Don't want to share financial information (such as card numbers) with merchants
- Prefer to use debit over credit
Good Funds model
The financial institution authenticates the consumer and withdraws funds from the consumer's account in real time. The merchant will instantly know that the funds are secured, so you can fulfill the order right away, with confidence.
Cash On Hand
The main difference between traditional online payment processing such as credit cards and processing through INTERAC© is that all transactions are cash payments and you are no longer dealing with credit. The money is automatically deducted safely from the client's bank account at their financial Institution and deposited in your DebitWay merchant account in real-time.
Merchants Benefits
INTERAC© Online and Debitway opens up a world of online shopping for consumers who:
- INCREASE SALES - Giving your customers the preferred way to pay in Canada for their purchases helps boost the average sale.
- LOWER YOUR COSTS - Offering the INTERAC© Payment solution helps streamline operational costs and cuts down on overhead by eliminating the need to send bills and manage accounts receivable.
- ENHANCE YOUR BUSINESS - By offering INTERAC©, your web presence gains instant credibility by offering the most trusted brand names in Canada thru Debitway.
- No charge backs!
- Lower discount rates
- Instant cash payments
- Higher consumer loyalty
- Settle your account sooner rather than later
- Offer your customers the preferred way to pay.
- Lower your cost and increase your sales by 300%
- Reach millions of customers without a Credit Card
Quick Facts
Canadians coast to coast associate the INTERAC© brand with leading electronic payment services that are trusted, secure and reliable.
Attracts Canadian debit users who:
- Are unable or unwilling to obtain credit cards (e.g. youth)
- Are among millions of Canadians who choose debit over credit every day
- Don't want to share financial information (such as card numbers) with merchants
Higher conversion rates at checkout:
- Consumers have an additional payment option, resulting in increased sales.
- Hundreds of merchants already are taking advantage of the INTERAC© payments.
- Allows customers to pay for goods and services online - directly from their bank accounts
Risk Free Solution
Lower the number of fraudulent charges and charge backs your business has to absorb.
Security benefits of the INTERAC© payments is the separation of shopping and paying.
The consumer is taken to his or her financial institution to make the payment so that the consumer does not have to enter any account information on the merchant's website.
- The entire transaction is secure and encrypted
- More security for them and less of a liability for you
- You never require your customer's card information online.
- Each transaction processed is a guaranteed payment settlement.
Customers will enjoy trusted and reliable electronic banking convenience in real time through every transaction processed over the Internet.
