Free is less than the cost of a stamp

For the past several weeks I've been using a new free service offered by my Credit Union. They have allowed me to email or send money via a message to a mobile device for free. It's under the Transfers Menu and it's called  Interac e-Transfer.

All you have to do is Add a Receipient, Transfer Funds, and Receive confirmation.

Add a New Recipient by entering their name, email or mobile phone #, choose a language, make up a security question and answer.

Then to Transfer Funds, choose that Recipient from the list, choose method to Send By (email or phone), enter an Amount, and add a Message. The recipient receives a message, answers the security question and adds the money to their bank by accessing their own online banking to deposit the funds.

After they receive the money, the system generates an email back to you advising of the successful completion of the transfer.

I've used it to send money to a customer who overpaid me, to pay my gardener, pay a supplier bill and to pay for a massage.

I'm thinking that if you didn't want to use PayPal or pay by Credit Card and would rather pay from your bank account, when you purchase something from my website, you could use the shopping cart to add up how much, and calculate the tax, then send me the money by Interac e-Transfer. You wouldn't get instant product delivery, but if using PayPal was problematic, this is definitely a free way around that challenge.

Of course, you would need to be prepared to use the secure online banking services offered by your own bank or credit union.

If you are interested in how this works, my banker gave me this reference
http://www.interac.ca/index.php/en/interac-etransfer/etransfer-detail

See who is participating - it's a very long list...
http://www.interac.ca/index.php/en/interac-etransfer/etransfer-participating-fis

or if you just wanted to browse my eCommerce site knowing you could pay with your banking online features... www.taxdetective.ca/eCommerce.html