Accepting Debit and/or Credit Cards can help your business grow by facilitating the monetary exchange between you and your customers. Most Canadians now carry debit and/or credit cards and sometime very little cash..
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Accepting Interac debit cards is the most cost efficient way to provide convenience to your customers. It's a fixed rate, in our case a low 6 cents per transaction irregardless of the amount. Whether they're paying you $20 or $1000 it still only cost you 6 cents ! To be noted that if you plan on accepting only debit cards (no credit cards) the option to rent our terminals is not present. You must either buy the terminal outright or lease one to own.
Note; Visa & Mastercard debit cards are more expensive because they charge branding fees on a % basis so the higher the amount of the transaction the higher the cost!
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