San Francisco, CA — Paymentwall, the global online payment provider, has integrated with Interac® Online, a popular online direct debit payment method in Canada. The deal allows international businesses to start accepting direct debit payments online without the need of having a registered company in Canada.
Supporting Interac Online allows non-Canadian companies, namely Wargaming, Youzu, Bigpoint, and Smilegate, to enter the market and start accepting online direct debit payments in Canada through participating financial Institutions. The full list of institutions can be found on Interac website.
“Interac Online provides an opportunity for international companies to reach 14 million Canadians who prefer to use direct debit payment methods,” said Benoit Boisset, COO of Paymentwall. “In addition, Interac Online is proven to be an extremely safe and secure, decreasing the risk of costly chargebacks and fraud.”
Research done by Paymentwall shows that 47% of Canadians prefer to pay with direct debit as an alternative to regular card payments. As a result, companies with active local payment methods at the checkout tend to receive almost twice more revenue than those without it.
Paymentwall is the leading global payments provider. The company has integrated over 150 payment methods worldwide to offer global payments coverage for users in more than 190 countries with credit and debit cards, mobile payments, e-wallets, bank transfers, prepaid cards and many others. Notable business partners of Paymentwall include LG Electronics, SEGA, Bandai Namco, Shopify, Kakao Games, Tencent, Wargaming and Gameforge. Visit www.paymentwall.com for more information.