What is Visa Debit?
Visa Debit is payment option supported through most major banks and Visa. Visa Debit allows you to pay a bill online and have the funds withdrawn directly from your bank account instead of going on your a credit card. Visa Debit also has a lower service fee of 0.75% of the amount to be paid versus 1.75% with a standard credit card.
Canadian banks Supporting Visa Debit:
- CIBC
- Royal Bank - RBC
- Scotiabank
- TD CanadaTrust