Interac Direct Payment - Debit

The Interac Association is a system of Canadian banks allowing merchants and customers to transfer funds directly from their bank accounts. Over 80% of card-present transactions in Canada are performed over the Interac network through 320,000 merchants, accounting for over 130 billion dollars in transaction volume each year.

Helcim retail and restaurant merchants using in-store terminals are eligible to accept debit payments without extra registration fees.

Steps to an Interac transaction:

1. When a customer decides to make a purchase through their debit / bank card, the sale amount is entered in the point-of-sale terminal by the merchant.
2. Once the card is swiped, the customer enters their "Personal Identification Number (PIN)" into the reader. The account (whether chequing or savings) to be debited is then selected.
3. The transaction is transferred throughout the Interac network of banks where the customer's information is verified.
4. With the transaction processed successfully, a receipt is provided to the customer.

This service is included in the following package:

In-Store Terminals affordable retail countertop terminals