5 ms·
In Canada, we have a debit card network called Interac and can use it to send an "e-Transfer" to anyone else with a Canadian bank account using nothing more tha
by Feld0 9y ago
In Canada, we have a debit card network called Interac and can use it to send an "e-Transfer" to anyone else with a Canadian bank account using nothing more than their email address or phone number + a shared secret to claim the payment. Some number of free e-Transfers per month is typically included with bank accounts.
Interac solved the P2P payments problem for every social group that I'm in there.
- aianus 9y agoInterac e-Transfers took 10+ min and cost me $1.50 every time I've used them. They're absolute garbage compared to Venmo. I actually use Venmo in Canada with friends that have US bank accounts because it's still more convenient even having to calculate the exchange rate.