#interac — Public Fediverse posts

Pour ou contre ?

#kijiji #vieprivee #identité #interac

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

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

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

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.

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.

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.

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

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

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

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?