Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
09:39:00pm
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yup, Interac Transfer is so easy an free.
Only in Canada, you say?
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I truly appreciate any Canadian members paying by Interac E-transfer. The exchange rate is usually better and no fees. Such a simple and easy way to pay once you have it set up.
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12:26:14pm
The only slight problem is that I think it can only be done in Canadian dollars, but I'm not even sure about that. So the buyer, or the seller, would have to do the conversion. That's not really a big problem though!! I'm not exactly high tech anymore, so if I can do it anyone can, as long as you do on-line banking. It's automatic and it's free!! Of course, if more people start using it, I bet The Banks will start charging for it. I'm actually very surprised they haven't done that already!
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When the Canadian banks first started offering e-transfers in 2003 there was a charge to the sender for each transaction. I 'think' it was $1.50 to send an e-transfer and free to receive one. Most, if not all banks and credit unions in Canada offer free e-transfers now.
With Interac e-Transfer®, you can send money within Canada to a person or a business. All you need is an email address, or a valid Canadian mobile number – and an eligible bank account with a participating Canadian financial institution.
Only Canadians can send and receive Interac e-Transfer with an email address or mobile phone number. Interac has teamed up with Mastercard and Western Union to facilitate international transfers through some banks, but there are fees and you'll need the recipient's banking details to create the transfer.
The minimum Interac e-Transfer transaction is $0.01 and a maximum is $3,000. There are also hourly and daily limits: For any 24-hour period, you can send up to $3,000. For any 7-day period, you can send up to $10,000 and up to $30,000 within a 30 day period.
When I invoice a Canadian member I convert the US$ amount of the invoice to CDN$ using the Bank of Canada on-line currency converter
https://www.bankofcanada.ca/rates/exchan ...
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
10 Dec 2022
09:39:00pm
I finally figured out how to pay using an E-transfer. It was very easy even though I had to use the computer since I don't have a smart phone, only an old fashioned flip phone. I was told by my bank that this could only be used to pay someone in Canada, cross border payments are not possible. It seems very strange that as advanced as technology is now that payments to the US can't be done! Is there something I don't know about? There are a few SOR sellers who don't take PayPal and bank drafts are a bit expensive and most workers in the bank are not up on how to do them anyway. The last time I sent a bank draft for stamps it took almost an hour to get it done!!
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re: E-transfers
yup, Interac Transfer is so easy an free.
Only in Canada, you say?
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
11 Dec 2022
12:26:14pm
re: E-transfers
The only slight problem is that I think it can only be done in Canadian dollars, but I'm not even sure about that. So the buyer, or the seller, would have to do the conversion. That's not really a big problem though!! I'm not exactly high tech anymore, so if I can do it anyone can, as long as you do on-line banking. It's automatic and it's free!! Of course, if more people start using it, I bet The Banks will start charging for it. I'm actually very surprised they haven't done that already!
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06:47:28am
re: E-transfers
When the Canadian banks first started offering e-transfers in 2003 there was a charge to the sender for each transaction. I 'think' it was $1.50 to send an e-transfer and free to receive one. Most, if not all banks and credit unions in Canada offer free e-transfers now.
With Interac e-Transfer®, you can send money within Canada to a person or a business. All you need is an email address, or a valid Canadian mobile number – and an eligible bank account with a participating Canadian financial institution.
Only Canadians can send and receive Interac e-Transfer with an email address or mobile phone number. Interac has teamed up with Mastercard and Western Union to facilitate international transfers through some banks, but there are fees and you'll need the recipient's banking details to create the transfer.
The minimum Interac e-Transfer transaction is $0.01 and a maximum is $3,000. There are also hourly and daily limits: For any 24-hour period, you can send up to $3,000. For any 7-day period, you can send up to $10,000 and up to $30,000 within a 30 day period.
When I invoice a Canadian member I convert the US$ amount of the invoice to CDN$ using the Bank of Canada on-line currency converter
https://www.bankofcanada.ca/rates/exchan ...
7 Members
like this post.
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