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Interac · Launched 1984
Canada's domestic debit scheme, priced at a flat fee per transaction rather than a percentage, far cheaper than credit for large baskets.
A scheme- or regulator-set rate, or a widely reported figure. Source: Interac flat-fee domestic debit interchange.Official site ↗
In person · percentage component
Rates are step functions: each level holds until it is replaced.
In person pricing across every country where this method is available, with the cost on a CA$100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Canada | CA$0.07 | CA$0.07 | 0.07% | 1 Jul 2023 | Reported rate |
Every recorded change, newest first, with the movement from the rate it replaced.
Scheme fee pass-through adjusted.
In Canada, on the in person channel: CA$0.07, in force since 1 Jul 2023 (reported rate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: Canada. A market missing from the list has not been recorded yet, which does not mean Interac Debit is unavailable there.
It is recorded as next day. Actual timing can depend on cut-off times and on the receiving account.
Yes. It has a chargeback process, so a buyer can dispute a payment through their provider. For a business, that protection comes with dispute fees.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
