Comment by yohannparis | Hacker News Reader

Comment by yohannparis | Hacker News Reader

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Interac transfer is a nightmare to use.

I want to send money or request money from someone?

  1. Ask for their info (e-mail or phone number)
  2. Login to my banking service (web or app)
  3. Create a new contact with 1.
  4. If they did not setup auto-deposit: setup a security question
  5. Send/Request money (+ security question, if needed)
  6. Wait few seconds~minutes for an email/SMS
  7. If you did not setup auto-deposit: Click on link provided to open 2.

Really...

I didn't really see any of those steps as a nightmare :-)

But perhaps we have a different level of tolerance. For me, it's convenient.

I deal with a few people who clearly receive regular Interac payments, but still haven't figured out how to associate their email with their bank account. Thus requiring the question.

ps. Don't get me started about figuring out how to send automated payments and if you're lucky enough to find a bank that has a broken API to this.

Wise (formerly TransferWise) recently started supporting Interac and also has an API for automated payments. I didn't try the API with Interac though.

I use interac because I don't have a choice. I don't understand the whole security question plus having to create a user account. Just send the money. If you made a mistake, your fault.

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