Pour ou contre ?

#kijiji #vieprivee #identité #interac

Neo Financial Direct Access to Interac Payments

Neo Financial customers can now send Interac e-Transfers directly. This change gives Neo more control and is possible due to new Canadian rules.

#NeoFinancial, #Interac, #FintechCanada, #CalgaryTech, #PaymentUpdate

https://newsletter.tf/neo-financial-direct-interac-payments-canada/

Neo Financial is now directly connected to the Interac e-Transfer network. This is a big change for the company and its customers.

#NeoFinancial, #Interac, #FintechCanada, #CalgaryTech, #PaymentUpdate
https://newsletter.tf/neo-financial-direct-interac-payments-canada/

I was at a #gas station to fill my car because I'm expecting gas price to keep going up

It's expensive. I paid 1,97 per L

But I also noticed this little banner on the pump saying "We prefer Debit/Interac" in french.

Of course, Canadian merchants prefer #interac. It's #visa and #mastercard that have higher fees

This hidden tax is obviously passed to consumers on every product. Maybe everything would be cheaper without it

I'm excited for the launch of #RTR in #canada and see what happens

RE: https://fraxoweb.social/@frank/116341796632683251

Until #rtr launches in #canada,

I have decided to let go of my credit card and stick to my Visa Debit card.

For now, I think it is the best way to pay:
- Uses #interac (a Canadian tech) whenever possible
- Uses #visa otherwise

It obviously means I'll lose the benefits from using my CC.

The only perk that I was actually using was the monthly 5-15$ from cashback.

Which is pretty negligible considering it is also taxable.

I'll just keep the CC as backup if the Visa Debit fails.

In 2026 or early 2027, #canada should launch Real-Time Rail (#rtr)

That's basically a new modernised payment system that I hope will:

- Cut out middlemen like #visa and #mastercard
- Replace the outdated #interac

RTR should be faster and work online.

Can't wait for it!

https://dc-payments.ca/resource-hub/the-future-of-payments-in-canada-inside-the-launch-of-the-real-time-rail

RE: https://fraxoweb.social/@frank/116313675716389429

#interac is canadian and low-fee

But compared to #visa and #mastercard

It provides absolutely no real benefits for everyday people and banks.

Except for e-transfers, only the merchants care about Interac for the lower fee.

The way I see it, unless Interac significantly improves in #canada,

Visa and MasterCard will remain superior because of their versatility, acceptance and actual benefits like cashback, insurance, etc.

In other words, Interac sucks. Why would anybody use it?

RE: https://fraxoweb.social/@frank/116313116551662695

When you use a Visa Debit card:

It uses #interac when you make physical purchases in #canada Most Canadian merchants accept Interac

But it uses #visa (or #mastercard) when you shop online, internationally or through an app

As of now, Interac doesn't work outside Canada and online/apps

Another thing to consider is the cut paid by the merchants

Interac takes a very small cut, pennies. So the money stays in Canada

Visa takes a much bigger cut. That money is split between your bank and Visa

I started using credit cards about 10 years ago.

Before that I was using #interac , the canadian banking network #canada

#visa and #mastercard give great benefits like cashback, insurance, etc. but they are US technologies.

Maybe it's time to go back to interac

Even if I wanted to, my banking cards are Interac Visa.

Meaning they do both, and I don't know which one is prioritised.

Small businesses keep getting nickeled and dimed

https://peertube.gravitywell.xyz/w/63ppnZmBzynxoZNnVHiuhb