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Small businessesPayments for Canadian small businesses.
Small business payments in one wallet: your customers pay you by Interac e-Transfer, and you pay staff and suppliers by EFT or e-Transfer. Send up to $25,000 per transfer, with no daily limit.
2.9% of every sale. Gone.
What one $500 sale costs you
- Credit card fee, typically 2.9%
- $14.50
- Interac e-Transfer fee
- $2.95
You keep$11.55 more
FINTRAC MSB C100000702Bank of Canada PSP registryWe reply within 24 hours on business days
Why payments cost small businesses more than they should
Most of it goes in two places: the fee on every credit card sale, and the cap your bank puts on what you can send.
Credit cards take a cut of every sale
At a typical credit card rate of 2.9%, a business that takes $20,000 by credit card in a month pays $580 in fees. That comes off your margin, sale by sale.
Your bank caps each e-Transfer
A typical bank lets a business send around $10,000 per e-Transfer. A $14,200 invoice from your supplier has to be split, or sent a slower way.
Your wallet handles both: lower fees on what comes in, and up to $25,000 per transfer going out.
Get paid by invoice and by order
Send each customer an Interac e-Transfer request with their invoice or order number. They pay from their own bank, within its limits.
Each payment lands in your wallet, usually within minutes.
Let big customers pay by EFT
Your wallet has its own institution, transit and account numbers, so you can print them on your invoices.
A business customer with an $8,000 order can pay it by EFT, typically in 1 business day.
Pay staff and suppliers
That $14,200 supplier invoice goes out as one Interac e-Transfer, and it usually arrives within minutes.
Run payroll for your team with one bulk direct deposit, which typically arrives in 1 business day.
Pay your crew and contractors in a few steps
This short video follows a renovation company. A customer pays its invoice by e-Transfer request, it pays a contractor by direct deposit, then it pays the whole crew with one bulk direct deposit.
Direct deposit typically arrives in 1 business day, so send payroll a business day before payday.
What a sale costs you by credit card and by e-Transfer
A typical credit card rate is 2.9% of the sale. Our fee is $1.95 + 0.20% per transaction, so e-Transfer costs less on most sales. Under about $72, a credit card costs less.
| Sale | By e-Transfer | By credit card, typically | The difference |
|---|---|---|---|
| A $40 sale | $2.03 | $1.16 | The credit card costs $0.87 less |
| A $72 sale | $2.09 | $2.09 | About the same |
| A $150 sale | $2.25 | $4.35 | You keep $2.10 more |
| A $1,000 sale | $3.95 | $29.00 | You keep $25.05 more |
| A $2,500 sale | $6.95 | $72.50 | You keep $65.55 more |
Our fee is for everyday business wallets: $0 a month and $1.95 + 0.20% per transaction. The credit card column uses a typical rate of 2.9%, not any one provider's; your own rate may be higher or lower.
Open your business wallet within 5 business days
Apply online
Share your business details, what you sell and roughly what you pay staff and suppliers each month.
Get approved
We review your business and come back with a decision, or a list of anything we still need.
Take your first payment
Your wallet is live, with its own deposit details, so your first customer can pay you.
Freelancers have their own page: payments for freelancers. Every business type we work with is on who we serve.
Questions small businesses ask us
Let's look at how your customers pay
Tell us what you sell and how you're paid now. We reply within 24 hours on business days.