Canadian consumers can add funds to their Payza accounts directly through their online bank account via the ‘Add Funds by Interac Online’ option within their accounts. In addition, Payza Businesses worldwide can directly accept Interac Online payments from Canadian members.
Payza members can load their accounts by transferring money from their Canadian bank accounts to their online Payza accounts. Also, Payza merchants can accept payments from Canadian consumers via Interac Online.
Payza is an online payment technology platform offering access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services.
Interac is a Canada-based nonprofit interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions.
Interac® Online payment method is now available to our Canadian members for checkout payments and deposits.
As part of our expansion of affordable local payment options, we at Payza are excited to announce the launch of our Interac® Online services in Canada. The Add Funds by Interac® Online feature allows our members from Canada to transfer funds from their Canadian bank accounts to their Payza account using the Interac® network. Additionally, you can now use most Canadian debit cards to pay for items sold by Payza merchants across the globe.
The low fees and rapid processing for Interac® transactions give you another fast, affordable and secure online payment method.
Low transaction fees
Interac® payments are affordable thanks to their minimal transaction fees in comparison to most other payment methods. Payza charges a flat fee of $1.50 for Interac® deposits, regardless of the amount. For transactions over $30*, Payza members will benefit from significant savings when using an Interac® debit card instead of a credit card to add funds to their account.
All Payza payments made using Interac® Online are free of charge. Just like when you shop at Payza merchants using credit cards, the amount paid using Interac® Online is final. There are no unexpected fees at the end of the month.
Great security with fast transaction times
Our Fraud Prevention Team will review all deposits within one to two business days, making the process of adding funds with Interac® highly secure. Deposits using this method are faster than bank transfers or wires and just as safe. Also, online payments made with Interac® are instant.
There is a precautionary transaction limit of $500 to further protect your card and your account.
Adding funds with Interac® is straightforward and so simple that you can get started right away. Just log in to your Payza account, click “Add Funds” in the top menu, select Interac® Online, then follow the instructions on the screen. Your deposit will be set up in no time!
* For a $30 transaction, it costs the same to add funds by credit card (5% fee) or by Interac® Online ($1.50 flat rate).
Canadian members can fund their Payza accounts or pay participating merchants, both domestic and international, via direct debit card transactions
LONDON, UK — August 23, 2016 — Payza, a leading global payment platform, is pleased to announce their integration with Interac®, Canada’s interbank network for transferring funds electronically. Canadians can now add funds to their Payza accounts directly through their online bank account via the “Add Funds by Interac® Online” option within their accounts. Additionally, Payza Businesses worldwide can directly accept Interac® Online payments from Canadian members.
Payza members can load their accounts by transferring money from their Canadian bank accounts to their online Payza accounts for a flat rate of $1.50 CAD per transaction, up to $500 CAD. Payza merchants can accept payments from Canadian consumers via Interac® Online for fees starting at 2.5% + $0.79.
“Canadians love their debit cards and use Interac®, the debit system powering Canada, 16 million times a day on average to shop online and in stores, and to send money electronically to friends and family,” explains Firoz Patel, Payza’s global executive vice president. “By providing our Canadian members with a service they know and love to easily fund to their Payza accounts, we are proving our commitment to delivering preferred local payment options to our global customer base, one market at a time.
“We are also giving our business members, both inside and outside of Canada, a new way to attract and retain Canadian consumers by removing some of the friction in the purchase process,” continues Patel. “Although Canada is a relatively small market, with Canadians predicted to spend $39 billion online by 2019, cross-border dominates the industry as 7 purchases out of 10 are made to international ecommerce merchants. Making that international purchase a little bit easier on the Canadian consumer and more affordable for the merchant just makes sense, and we’re proud that Payza can provide that solution.”
Payza is a leading online payments technology platform used by licensed entities around the world. Payza’s highly secure platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With millions of members, Payza offers its services around the world in 21 currencies and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses.
Payza is a wholly owned subsidiary of UK-based MH Pillars Ltd. and operated by Mazarine Commerce Inc. in Canada.
At Payza we’re always looking for ways to improve your experience. Whether you shop online, send or receive money locally or internationally, or run an online business, we want to make your experience as fast, secure, and convenient as possible.
As online shoppers, we know you want the safest, easiest way possible to pay, with added protection in case you don’t get exactly what you expected in return. As online business owners, we know you’re looking to convert the most customers as possible, and that means not losing a customer because they couldn’t complete your checkout quickly or easily enough.
Today, Payza is happy to announce another new checkout payment option: Interac Checkout.
Interac is a Canadian debit network that works with most Canadian ATM cards, so this new feature gives millions of Canadians one of the most practical ways to pay online. With a free Payza Business Account, online stores are now able to offer their Canadian customers this convenient option alongside other great checkout options like Credit Card, e-wallet, or even Bitcoin Checkout!
Being able to offer a wide variety of checkout options is great. Being able to offer a wide variety of options thanks to a free Payza Business Account that never charges monthly or yearly fees and integrates easily with many third party shopping carts is even better!