visa debit
- Thread starter Tuhlaps
- Start date
GeoShooter
CGN frequent flyer
- Location
- Cape Breton
They should accept Visa
jordanmalmal
Regular
- Location
- Ontario
So many places do not accept Visa debit, although more and more stores are taking Visa debit now.
For those that don't know Visa debit is "supposed" to be like a credit card, except the money comes right out of your bank account.
You have to have the cash in your bank account to buy whatever it is you're buying, but it allows you to buy stuff online.
See if they take EMT before you use your Visa debit as most places give you a 3% discount when using EMT.
Cheers friend!
For those that don't know Visa debit is "supposed" to be like a credit card, except the money comes right out of your bank account.
You have to have the cash in your bank account to buy whatever it is you're buying, but it allows you to buy stuff online.
See if they take EMT before you use your Visa debit as most places give you a 3% discount when using EMT.
Cheers friend!
HammerHand
Regular
- Location
- Ontario, Canada
Only businesses that have an actual online payment processor (like (FRAUD ALERT)) will accept Virtual Visa Debit cards.
If the business is inputting credit card numbers from online orders into a physical credit card (POS) machine, then Virtual Visa Debit cards won't be accepted. At least, that's how I understand it.
If the business is inputting credit card numbers from online orders into a physical credit card (POS) machine, then Virtual Visa Debit cards won't be accepted. At least, that's how I understand it.
- Location
- GTA, Ontario
Just a friendly heads up, Visa Debit in Canada doesn't exactly work like Visa Debit in the US, primarily because your Visa Debit defaults to Interac in Canada (it 'may' work if the store's payment processor is US based and how they're setup, but usually no).
Yup, Razer is right. US Visa Debit is totally different. I am lucky enough to live on the border, so I have a Bank of America account just so I can use their visa debit and remain credit card free. It works EVERYWHERE. Canada's Visa Debit hardly works anywhere LOL and the banks excuse is that Visa Debit is a brand new technology.
The US doens't have the "INTERAC" brand like Canada and visa debit / MC Debit is a direct competitor of the INTERAC system. The banks up here are so in with INTERAC, I think that is why the credit card base debit systems are not being pushed as hard, a mix of lobbying by INTERAC and maybe contractual stuff with the banks?
The US doens't have the "INTERAC" brand like Canada and visa debit / MC Debit is a direct competitor of the INTERAC system. The banks up here are so in with INTERAC, I think that is why the credit card base debit systems are not being pushed as hard, a mix of lobbying by INTERAC and maybe contractual stuff with the banks?
rcs1016
Member
- Location
- Norfolk County, Ontario
As a retailer, Interac is still the preference for us. We pay a flat rate of about 9 cents per interac transaction. Visa debit is a percentage of the tranaction so it costs more to the retailer.
- Location
- GTA, Ontario
Bingo! This is why Interac is preferred among physical stores.
Visa/MC/AMEX have an "Interchange" fee, which although varies, is between 1%-2% or more in some cases (depending on transaction type).
Fun bit of trivia, Interac accounts for ~60% of POS terminal transactions in Canada (physical transactions, not online obviously).
- Location
- GTA, Ontario
Its a little more complicated than that, but Interac isn't a huge lobbying powerhouse, they just charge low fees compared to Visa/MC/AMEX. The US banking system is significantly more decentralized (in a bad way).
zelly
CGN Ultra frequent flyer
- Location
- Victoria,BC
Read wrong I thought this thread was about visa debt!!
- Location
- South West Manitoba
Hi Guys,
Yes, our online store does accept the VISA Debit card. I would like to one thing I have found in my experience working here. If we have to do a refund or void a authorization on a VISA Debit, it can take up to 14 days for it to show up on your end. Just a heads up
Cheers
Ryan
Yes, our online store does accept the VISA Debit card. I would like to one thing I have found in my experience working here. If we have to do a refund or void a authorization on a VISA Debit, it can take up to 14 days for it to show up on your end. Just a heads up
Cheers
Ryan
MexicanForklift
Member
Canada Post Visa cards are a somewhat cost effective solution to remaining debt free. It's a prepaid card, $15 to buy the card and I think $3 every time you add money and $5 per month off the balance usage fee.
If you load it with the amount you need, + 3 dollars for the loading fee, you'll never pay the $5 monthly fee because your balance wont be high enough after you make your transaction. Bought a gun over the phone with it not long ago, after my girlfriend's visa debit failed to work. So its tested to work like a CC, when visa debit will not work.
If you load it with the amount you need, + 3 dollars for the loading fee, you'll never pay the $5 monthly fee because your balance wont be high enough after you make your transaction. Bought a gun over the phone with it not long ago, after my girlfriend's visa debit failed to work. So its tested to work like a CC, when visa debit will not work.
