I have stores in my area that accept interac only, with interac logo only. I wonder if Neo money card accepted in those stores.
Ive had the neo money card since it came out, and it does not work as Interac. I found out through trial and error that it uses the Mastercard network, so it essentially operates as a pre-paid Mastercard.
Some banks like Tangerine have real Visa/Debit card with both Visa and Interac logos on the card. This makes interac only transaction possible.
I wish Neo integrate interac functionality into money card, and make it a real hybrid( like Simplii…). So, for interac only transactions, we do not need to look for another card.
Yeah, if I had to guess, I think it has to do with Neo being a Fintech instead of a bank. Like the bank account is Peoples Bank, so it would probably need to be a People’s Bank, Neo branded debit card as opposed to a Neo money card issued by Neo.
But that’s all just a guess based on the way it’s set up!
Hopefully @Sana-Neo @Alex-Neo or @Craig-Neo can provide some insight!
Hi @abble! Welcome to the community! Just wanted to jump in and help clarify a few things!
Like @JustBrendo mentioned, the Neo Money card is a prepaid card which can be used anywhere Mastercard is accepted. This is why it doesn’t work with debit only merchants.