Interac e-transfers: Good Payment Method?

win4fun · May 18, 2012

So i'm not so sure about the security of interac-etransfers

Direct quote from Interac's site:
"Always be careful when sending money
An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

I also called interac e-transfer's inquiry line and they said you can't reverse payments.

Yet as dorian posted below and arcus said on MSN, there's still a risk of chargebacks when using this method. I'd really appreciate if someone could clear this up for me, thanks

win4fun · May 19, 2012

Bump. No one has experience with this?

dorianking · May 20, 2012

It is an online payment which means it can be chargeback-able. Whether it is easy, it is a coin flip. If someone is paying a ridiculously high price for unlimited amounts, then be weary.

win4fun · Aug 9, 2012

Necroing this thread I know, but I recently noticed that on Interac e-transfer's FAQ it says:

"Always be careful when sending money
An Interac e-Transfer transaction cannot be reversed once the recipient of the funds has deposited the transfer. You must obtain a refund directly from the recipient."

I also called interac-etransfers inquiry line and they said you can't reverse payments.

Yet as dorian posts above and arcus said on MSN, there's still a risk of chargebacks when using this method. I'd really appreciate if someone could clear this up for me, thanks

win4fun · Aug 10, 2012

Bump.

Ill Slay Her · Aug 10, 2012

Cannot be charged back, so if your sending money and you get scammed that's that. If your receiving, you could very well scam and not lose money so be careful when using this method for buying anything.