Credit Card Processing

In the case of E-commerce credit card processing we support three payment gateways Worldline, Visa authorize.net, and TD OnlineMart. All major merchant banks.  Gateway functions provide for immediate processing; settlement will occur following provisions of your agreement with your merchant bank.

https://partners.na.bambora.com/mighty-oaks/

Electronic Funds Transfer (EFT) - Canada

For Canadian customers, Mighty Oaks offers the option of integrated EFT bank-to-bank payment.  The provides support for higher dollar value  payment at checkout at a lower transaction costs than credit card processing.  We support both credit and debit EFT transactions.  You must have a bank account with a Canadian chartered bank or credit union to make use of the service.

Bank-to-bank transactions are dependent on bank cut-off times. Therefore, bank-to-bank transaction submitted in a batch before the 11:00 AM (PST) cutoff it processed on the same day. Any request submitted after the cutoff time is processed the next business day.   Transactions will show up as “Pending” until confirmation from the banking system, at that point the transaction shows up as “settled” and the funds should be with your bank.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada's financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor. For EFTs above $1,000, the transaction will automatically be filled with FINTRAC as well as the name and street address of the receiving party. 

Automated Clearing House (ACH) – United States

For US customers, Mighty Oaks offers the option of integrated ACH bank-to-bank payment.  The provides support for higher dollar value  payment at checkout at a lower transaction costs.  We support both credit and debit EFT transactions.  You must have a US domicile bank account to make use of this service.

Bank-to-bank transactions are dependent on bank cut-off times. Therefore, bank-to-bank transaction submitted in a batch before the 11:00 AM (PST) cutoff it processed on the same day. Any request submitted after the cutoff time is processed the next business day.   Transactions will show up as “Pending” until confirmation from the banking system, at that point the transaction shows up as “Settled” and the funds should be with your bank.