How does INTERAC Online work?
The Interac Online service is a payment option that allows consumers to pay for goods and services online and directly from their bank account. When a consumer is ready to checkout and they’ve selected the Interac Online payment option, your online merchant page will redirect them to an Interac Online gateway page (passing basic information such as the amount and an invoice number) that lets them choose their financial institution. Once the transaction is approved in online banking, they will be redirected back to your website with a unique transaction code. That code is then sent to your acquirer or payment service provider, who will check its validity and let you know if the transaction was successfully funded. Interac Online works by leveraging existing processes and relationships: • The consumer’s existing relationship with their financial institution. • The merchant’s existing relationship with their acquirer or payment processor. • The same network that carries Interac Direct Pay
• Select the “Interac Online” option when you are ready to pay for your purchases and you will be provided with a list of participating financial institutions. • Select your preferred financial institution. You will need to be registered for online banking. • Log in to online banking with your usual login ID and password. • Confirm the payment and you will be automatically re-directed to viarail.ca. • Read and print your confirmation page.
