Tap to Pay with the Moneris Go app - Transactions

Transactions for Tap to Pay with the Moneris Go app

A financial transaction involves the transfer of funds between a cardholder's account and your own business account. For example, a credit Purchase transaction moves funds from the credit cardholder's account to your business account. A debit Refund transaction moves funds from your business account to the debit cardholder's chequing or savings account. The Moneris Go app can securely process a variety of financial transactions on debit cards and credit cards. The $250 is a limit set by card issuers. If your card supports online PIN, you will be able to PIN verify a transaction over $250 up to additional limits set by your issuer. Mobile or Digital wallets can also process transactions over $250.

NOTE: Funds are not moved immediately. They are moved after your batch is closed and settled. For more information about closing your batch, see End of day process.