# Request: Interac e-transfer for Canada

**URL:** <https://bisq.community/t/request-interac-e-transfer-for-canada/261>\
**Category:** Payment methods\
**Created:** [June 21, 2016, 5:07pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261 "2016-06-21T17:07:18Z")\
**Posts on this page:** 19\
**Page:** 2

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**Author:** ![ateoffofbitcoin](https://bisq.community/letter_avatar/ateoffofbitcoin/32/6_22734026db12803ebb3e059622ac3534.png) [@ateoffofbitcoin](https://bisq.community/u/ateoffofbitcoin)\
**Post date:** [October 18, 2016, 10:49pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/21 "2016-10-18T22:49:50Z")

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great!

TD Bank also has email transfer in USA & Canadian bank as they are the same system

 ![](https://bisq.community/uploads/default/original/1X/cbd57d71629a6cfa95485a996195ffe044cf554e.jpg)

those are the fields

this is one of the few banks that are in canada+usa and share this type of transfer system

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**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [October 19, 2016, 3:41pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/22 "2016-10-19T15:41:29Z")

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Is there any field for a reference text? (Trade ID)

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**Author:** ![ateoffofbitcoin](https://bisq.community/letter_avatar/ateoffofbitcoin/32/6_22734026db12803ebb3e059622ac3534.png) [@ateoffofbitcoin](https://bisq.community/u/ateoffofbitcoin)\
**Post date:** [October 19, 2016, 5:07pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/23 "2016-10-19T17:07:45Z")

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no extra fields at all

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**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [October 20, 2016, 12:20am UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/24 "2016-10-20T00:20:04Z")

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Are there any info out regarding chargeback risk?

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**Author:** ![ateoffofbitcoin](https://bisq.community/letter_avatar/ateoffofbitcoin/32/6_22734026db12803ebb3e059622ac3534.png) [@ateoffofbitcoin](https://bisq.community/u/ateoffofbitcoin)\
**Post date:** [October 20, 2016, 5:40am UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/25 "2016-10-20T05:40:40Z")

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a user cannot do a chargeback but if the account was stolen, the bank will always reverse the funds

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**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [October 20, 2016, 10:58am UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/26 "2016-10-20T10:58:59Z")

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Yes, that is ok. Thats for all Fiat transfer (except OKPay if its true what they say).

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**Author:** ![ateoffofbitcoin](https://bisq.community/letter_avatar/ateoffofbitcoin/32/6_22734026db12803ebb3e059622ac3534.png) [@ateoffofbitcoin](https://bisq.community/u/ateoffofbitcoin)\
**Post date:** [October 20, 2016, 10:28pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/27 "2016-10-20T22:28:18Z")

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TD Bank can be USD or CAD depending on the account holder, its probably the only US bank that has email money transfer aside from chase

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**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [November 1, 2016, 12:18pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/28 "2016-11-01T12:18:07Z")

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@ateoffofbitcoin  
Do you have some comments on that? Some guy says chargeback is as easy as credit cards.

> **[r/Bitcoin - We need more people using Bitsquare. Ability to use Interact...](https://www.reddit.com/r/Bitcoin/comments/5adph2/we_need_more_people_using_bitsquare_ability_to/d9gg32l/)**
>
> 94 votes and 59 comments so far on Reddit

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**Author:** ![marc](https://bisq.community/letter_avatar/marc/32/6_22734026db12803ebb3e059622ac3534.png) [@marc](https://bisq.community/u/marc)\
**Post date:** [November 1, 2016, 1:33pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/29 "2016-11-01T13:33:00Z")

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Once you receive money via interac e-transfer you have to deposit the money to your account. When you have done that it’s safe. That’s at least what they claim.

I’ve read though that cavirtex and canadienbitcoins stopped accepting interact emt for deposits.

To me the bottom line is: There might be some discrepancy between what banks say and what they do. If we’re honest, we have to say that there’s no such thing as irreversible payment methods, but SEPA, Faster Payments, clearXchange and interac emt are sufficiently hard to reverse.

Regarding Bitsquare: We need to have a warning that informs interac emt users that they have to deposit the money they receive into their account. Unless this has happened, the money can be easily charged back via the ‘payment history’.

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**Author:** ![marc](https://bisq.community/letter_avatar/marc/32/6_22734026db12803ebb3e059622ac3534.png) [@marc](https://bisq.community/u/marc)\
**Post date:** [November 3, 2016, 9:21am UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/30 "2016-11-03T09:21:41Z")

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I received an interesting reply on reddit. I’ll leave this here for further discussion:

> **BitcoinBrains**

> Yeah we’ve run an OTC brokerage in Canada since 2013.

> In that time we’ve managed to only have one transaction of this kind reversed and we had luckily not sent any BTC because some facts weren’t adding up at the time.

> I know a number of local bitcoins sellers who have had issues over the years. One guy even got arrested when he walked into his bank to try to pull out 15k in cash after the transaction which provided him that 15k had just been reversed. The bank assumed he was the one trying to scam them.

> Currently most people selling BTC for EMTs in Canada keep themselves protected from fraud by keeping transaction limits low and using some kind of ID verification like a skype chat.

* * *

Edit: [https://www.reddit.com/r/Bitcoin/comments/5adph2/we\_need\_more\_people\_using\_bitsquare\_ability\_to/d9iulax/](https://www.reddit.com/r/Bitcoin/comments/5adph2/we_need_more_people_using_bitsquare_ability_to/d9iulax/)

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**Author:** ![Phoenyx](https://bisq.community/letter_avatar/phoenyx/32/6_22734026db12803ebb3e059622ac3534.png) [@Phoenyx](https://bisq.community/u/Phoenyx)\
**Post date:** [September 19, 2017, 12:56pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/31 "2017-09-19T12:56:32Z")

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Can Bisq now take Interac payments in Canada?

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**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [September 19, 2017, 1:01pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/32 "2017-09-19T13:01:41Z")

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Yes. Interac is supported since quite a while.

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**Author:** ![Phoenyx](https://bisq.community/letter_avatar/phoenyx/32/6_22734026db12803ebb3e059622ac3534.png) [@Phoenyx](https://bisq.community/u/Phoenyx)\
**Post date:** [September 19, 2017, 1:13pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/33 "2017-09-19T13:13:43Z")

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Great :-)! So is there a help file as to how to use it? I looked, couldn’t find anything.

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<div class="post-metadata">

**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [September 19, 2017, 5:46pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/34 "2017-09-19T17:46:50Z")

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Helpfile?  
Here are the payment methods listed: [https://bisq.network/faq/#paymentmethods](https://bisq.network/faq/#paymentmethods)  
When you add a national currency account you can select it.

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<div class="post-metadata">

**Author:** ![Phoenyx](https://bisq.community/letter_avatar/phoenyx/32/6_22734026db12803ebb3e059622ac3534.png) [@Phoenyx](https://bisq.community/u/Phoenyx)\
**Post date:** [September 19, 2017, 7:20pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/35 "2017-09-19T19:20:09Z")

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I did add a national currency account, pretty sure it was setup up as Interac. The problem is I don’t know how to actually send money via Interac to Bisq yet. I should mention that I’m doing this on behalf of my mother. I already sent .01 Bitcoin into the account, I understand I’ll have to send more as .01 Bitcoin is what is needed for the initial deposit, but first, I’d like to know how to set it up so that my mother can send money from her bank account via to her Bisq account via Interac.

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<div class="post-metadata">

**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [September 19, 2017, 7:36pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/36 "2017-09-19T19:36:59Z")

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You dont send Fiat to Bisq. You just enter the payment details and that will get exchanged with the other trader. The Fiat transfer is out of system, so you use your online banking and send the CAD (or you check there if you have received it if you are the BTC seller).

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<div class="post-metadata">

**Author:** ![Phoenyx](https://bisq.community/letter_avatar/phoenyx/32/6_22734026db12803ebb3e059622ac3534.png) [@Phoenyx](https://bisq.community/u/Phoenyx)\
**Post date:** [September 19, 2017, 8:01pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/37 "2017-09-19T20:01:43Z")

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Good point. I took a look at the offers, none of them were Interac unfortunately :-/

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<div class="post-metadata">

**Author:** ![ManfredKarrer](https://bisq.community/user_avatar/bisq.community/manfredkarrer/32/26_2.png) [@ManfredKarrer](https://bisq.community/u/ManfredKarrer)\
**Post date:** [September 19, 2017, 11:40pm UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/38 "2017-09-19T23:40:26Z")

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You can create your own offer.

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**Author:** ![Phoenyx](https://bisq.community/letter_avatar/phoenyx/32/6_22734026db12803ebb3e059622ac3534.png) [@Phoenyx](https://bisq.community/u/Phoenyx)\
**Post date:** [September 20, 2017, 2:08am UTC](https://bisq.community/t/request-interac-e-transfer-for-canada/261/39 "2017-09-20T02:08:14Z")

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Good point 🙂

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