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Interac, Bambora to offer cross-border ecommerce payments in Canada

Wednesday 6 June 2018 00:38 CET | News

Interac has partnered with Bambora to allow Canadians to use Interac Debit to pay for ecommerce purchases from merchants domestically and cross-border.

Small- and medium-sized businesses that already use Bambora will be able to use the wide debit base that Interac offers. International merchants will benefit from the Interac Debit “good funds” model, in which payers’ funds are immediately deducted from their bank account, eliminating the risk of chargebacks.

In addition, international merchants will gain access to the Canadian Interac Debit network, while expanding their digital footprint in Canada all within the security framework and fraud-prevention measures that Interac offers.


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Keywords: Interac, Bambora, cross-border ecommerce payments, Canada, Interac Debit
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