Payments for Canadian money service businesses.

Looking for an MSB bank account in Canada? We give money service businesses a payment wallet with Interac e-Transfer, EFT, same-day wires and a crypto on- and off-ramp. Send up to $25,000 per transfer, with no daily limit.

Talk to our team

Video: Collect Every Customer e-Transfer in One Wallet

Custom flow of funds for your business

Usually approved within 3 business days

Registered with FINTRAC and the Bank of Canada

FINTRAC MSB C100000702Bank of Canada PSP registryWe reply within 24 hours on business days

Already moving money for money services and crypto businesses

Money services business British ColumbiaFX business CalgaryBitcoin ATM operator OntarioOTC crypto desk TorontoStablecoin payments Platform

Collect, settle and pay out from one wallet

Banks close MSB accounts all the time, and most payment platforms won't take money service businesses at all. Remittance companies and money transfer businesses get a payment wallet from us with every Canadian rail, set up around how their money moves.

Interac e-Transfer receivedDeposited

$1,250.00Auto-deposit

e-Transfer request sentWaiting

$2,150.00Interac request

EFT sentSent

$48,000.00To your liquidity provider

Request money from customers

Send Interac e-Transfer requests. Your customers pay within their own bank's limits, usually $3,000 to $5,000 a day, and auto-deposit puts every payment in your wallet. We don't pause payments as they come in.

Bulk e-Transfer payouts

Send up to $25,000 per transfer with no daily limit, and more by splitting it: $100,000 goes out as four e-Transfers. Pay many people at once with Bulk e-Transfer.

Settle by EFT or same-day wire

Send the day's total to your liquidity provider by EFT, typically in 1 business day, or by wire the same day. Your wallet has its own deposit details.

API access for your MSB

Your platform creates e-Transfer requests and payouts through our API, and webhooks tell it the moment each payment lands, so balances update without manual work.

What we'll ask for, and how long it takes

We review your compliance program, not just your category. Here's what we'll need from you, and how long each step takes.

Talk to our team

What we'll ask for

Your FINTRAC registration and the services you're registered for
Your AML compliance program: the current policy, how you onboard customers and how you monitor transactions
Who owns and runs the business: directors, officers and anyone owning 25% or more verify their identity online
A compliance contact who can answer our questions within 24 hours
How money moves through your business: where it comes from and where it goes

1About 20 minutes

Apply online

Tell us what your business does and how money moves through it.

2Usually within 3 business days

Get approved

Our compliance team reviews your file and tells you if anything is missing.

3Within 5 business days

Start processing

Your wallet and deposit details are live, and your first payments can move.

See how we compare before you switch

	Invincible Pay	Other PSPs, typically	A typical bank
Takes MSBs and crypto	Yes. They're who we built for	Most make it difficult	Rejected
Interac e-Transfer limit	$25,000 per transfer, no daily limit. Send more than $100,000 a day	Slowed down by compliance questions and e-Transfer limits	Around $10,000
Time to a decision	Usually within 3 business days	Up to 3 months	Not even attempted
Onboarding fee	$500, one time	$3,000 or more	-
Monthly cost	$500 minimum that counts toward your fees	$1,500 or more	-
Fee per e-Transfer	$1.95 + 0.20%	Around 1% per e-Transfer request	-
Rails	e-Transfer, EFT, same-day wires, crypto and API	e-Transfer and EFT, sometimes more	e-Transfer and EFT

Our figures are for money services, crypto and high-risk accounts. Wires and the crypto ramp: reach out for pricing. Other PSP and bank figures are typical of the market, not any one provider's.

See all our pricing

Questions MSBs ask us, answered plainly

It's hard. Banks close MSB accounts often, even well-run ones. Invincible Pay is not a bank: we give your MSB a payment wallet with its own deposit details, Interac e-Transfer, EFT, wires and crypto on- and off-ramps. We're registered with FINTRAC as a money services business (C100000702).

Yes. Money service businesses are who we built for. We're registered with the Bank of Canada as a payment service provider under the RPAA, and we process Interac e-Transfer, EFT, wires and crypto on- and off-ramps for remittance companies, money transfer businesses, currency exchanges and crypto desks.

Yes. We give MSBs a payment wallet with Interac e-Transfer, EFT, wires and crypto on- and off-ramps. Tell us how money moves through your business, and we'll tell you what we need. What to do when your bank closes your account.

Apply in about 20 minutes. You usually get a decision within 3 business days, and you can process payments within 5, once we have your documents.

Yes. We work with registered money services businesses, so we ask for your FINTRAC registration and the services you're registered for. If you're still registering, talk to us anyway and we'll tell you what we'll need.

Your funds are safeguarded under the Retail Payment Activities Act: kept separate from our own money, in a dedicated account covered by insurance, as the Act requires.

No. We deal only in Canadian dollars and work only with Canadian businesses: we're a Canadian provider. We handle the Canadian side, collecting by Interac e-Transfer and settling by EFT or wire. Your liquidity provider converts the funds, and your payout partner pays out abroad.

Not a daily one. You send up to $25,000 per transfer with no daily limit, so $100,000 can go out as four transfers today. Your customers pay within their own bank's limits, and we don't pause payments as they come in. How Interac e-Transfer for business works.

Let's get your rails running

Tell us how money moves in your MSB. We reply within 24 hours on business days.

Talk to our team