What is the difference between Interac Online and Interac Email Money Transfer?
The Interac Online service was specifically designed to allow customers to pay for goods and services from an online merchant. The transaction begins and ends at the merchant’s website, and the process is very simple for a consumer. Furthermore, consumers are protected by our Customer Commitment. Interac Email Money Transfer, on the other hand, is an online person-to-person funds transfer service, designed to send money between people who know and trust each other. While consumers can use it to send money to merchants, such a transaction is less convenient (since the consumer needs to enter the merchant and transaction information manually), and (like sending cash or a cheque) does not provide inherent protection against a fraudulent merchant.
