- Home
- Payment Processing
- Are pre-authorized debits secure?
Pre-Authorized Debits are very secure due to the electronic protocol required by banks. All of the information is encrypted and sent through Canada’s federally-secured Automated Clearing Settlement System which means it can’t be redirected, read, or tampered with.
Pre-Authorized Debits are also regulated by the Electronic Funds Transfer Act, which details the rights and liabilities of Pre-Authorized Debits. Pre-authorized debits also have a very clear mandate to ensure any unauthorized debit can easily be reversed through the bank.
What are Pre-Authorized Debits (PADs)?
What are the advantages of Pre-Authorized Debits?
What kind of businesses are best suited to use authorized debits?
How do pre-authorized debits work?
Are pre-authorized debits secure?
How do I start accepting pre-authorized debits?
What is an authorization and why do I need it for pre-authorized debits?
By Greg Lepp