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You aren't incorrect; nonetheless interac is the number one choice of Canadians when it comes down to paying for something. In fact in 2000, Interac Direct Pay
by run4yourlives 14y ago
You aren't incorrect; nonetheless interac is the number one choice of Canadians when it comes down to paying for something.
In fact in 2000, Interac Direct Payment surpassed cash as Canadians' preferred method of payment,7 and debit card payments have continued to grow.[1]
Offering credit cards only is a bad choice for a business, since Canadians will be looking to use Interac as well. The entire "debit card" market as Americans understand it doesn't exist in Canada for exactly this reason.
Re: Fees - Many banks now offer no fee debit usage. Such as my credit union - Coast Capital Savings. I haven't paid a surcharge on my debit card use since like 2001.
1. http://www.cba.ca/en/media-room/50-backgrounders-on-banking-issues/616-canadas-efficient-and-secure-payments-system http://www.cba.ca/en/media-room/50-backgrounders-on-banking-...