Merchant Benefits
Providing your customers with the INTERAC® Online payment option increases your potential opportunities for
sales. It allows your customers to make direct payments from their bank account to their favourite online
merchants, all from the comfort of their own home 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
Increases sales
Giving consumers an additional payment option may lead to higher
conversion rates when they checkout.
Good Funds model
The financial institution authenticates the consumer and withdraws
funds from the consumer's account in real time. The merchant will know instantly that the funds are good, so you can fulfill
the order right away, with confidence.
Cash
The main difference between traditional online payment processing such as credit cards and
processing through INTERAC® Online (IOP) 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.
When you join the 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.
Merchants Benefits
- Real-time transactions mean the money is deducted instantaneously from the customer's bank account.
- No charge backs!
- Lower discount rates.
- Instant cash payments
- Lower your cost and increase your sales by 300%
- Reach millions of customers without a Credit Card.
- Settle your account sooner rather than later
- Offer your customers the preferred way to pay.
- Higher consumer loyalty
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