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What's JCB and wero?
Both are payment processors as JCB is Japanese while Wero is Belge.
Why would these be good options in Canada?
They are not American.
JCD is international already so it's possible. JCB cards work in Canada, actually...through American Express đ .
Is Interac not an option everywhere?
I donât see it in a lot of places sadly.
Where in Canada are you that you don't see Interac?
My corner homeless person tales Interac...
For real. I legit canât think of anywhere that doesnât do Interac at least in Ontario/Quebec
I was under the impression that Interac was the standard in Canada.
Not a standard, so much as a monopoly that charges all Canadian shoppers a hidden tax no matter how they pay.
Can you elaborate on this?
I manage several businesses with merchant accounts, and our fees on Interac debit are far far lower than credit cards. Credit card fees are really rough on small businesses, especially for premium cards (Visa Infinite, etc).
He can't elaborate on it because he's full of shit
What's the hidden tax? So many smaller businesses here refuse credit because of their fees but will take Interac.
Edit: The search term just came to mind right after posting this.
Interac e-Transfer Send Money & Retail Request Money:
- Tier 1, â€6MM transactions: $0.43 / transaction
- Tier 2, >6 â 30MM transactions: $0.09 / transaction
- Tier 3, >30MM transactions: $0.06 / transaction
- Fulfillment Fee â For Request Money transactions, the Requestor Participant will be required to pay the Responder Participant with an additional $0.10 per fulfillment
So it looks like it's a higher base rate compared to credit cards, but they don't take a percentage of the transaction.
In any case, I don't know enough about running a business to know how this compares to the cost of handling cash.
In my experience, all the places that Iâve been to that arenât cash-only accept Interac (or just debit), both large and small businesses that sometimes donât have the Interac sticker. It could be my luck, but Iâve yet to find one that has a card terminal and doesnât do Interac.
This is surprising to me. I canât think of a single instance ever where I encountered a store payment terminal in Canada that didnât accept Interac debit. Do you have an example?
A surprising number of places in Vancouver accept China's UnionPay é¶è, lol.
I would love to see credit unions use these!
There's nearly 300 credit unions that use Interac.
I mean, RBC uses Interac, so it should be pretty widespread throughout Canada.
Its everywhere in Canada. Never been a place I couldn't use it, even out in the boonies.
this post was submitted on 07 Jul 2025
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