Interac e-Transfer (Canada)
Country: Canada (CA) | Payment Rail: real_time_payment
RealTimePayment
Market Adoption: 88%
Interac e-Transfer is Canada's premier national 24/7 instant interbank payment network, dominating P2P, bill payments, and online checkout across Canada.
🔄 User Payment Flow
- Customer selects Interac e-Transfer at checkout and receives request for funds / email link
- Customer logs into Canadian online banking app (RBC, TD, Scotiabank, BMO, CIBC)
- Customer approves transaction using Autodeposit or security question
- Interac clears funds in real-time across Canadian interbank network and confirms payment to merchant
⚙️ Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | YES |
| Supports Recurring | NO |
| Supports Refund | YES |
🛠️ Merchant Integration Steps
- Merchant API passes checkout request to acquiring gateway (Stripe / Adyen / Nuvei)
- PSP issues dynamic Interac e-Transfer payload or payment session URL
- PSP receives instant Interac clearing webhook notification and confirms order status
🚀 Supported Payment Gateways & Acquirers (PSPs)
🔌 Nuvei🔌 Stripe🔌 Adyen