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Supercharge Business Growth With Faster EFT Payment Processing

Access faster EFT payment processing as part of our Payments-As-A-Service solution, designed to help businesses deploy Electronic Fund Transfers without the regulatory burdens.

Gain the ability to send and receive EFTs through our online portal, embedding end-to-end payment processing into your business platform. Monetize the entire process to unlock new revenue streams.

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See How Much You Could Save With Bank Account Payments:

Credit Card Cost

VoPay EFT Cost*

Transaction Amount
$100K
Transaction Volume
5K

1.5%

3.5%

Credit Card Rate

*Transaction cost depends on price plan

Integrate an Embedded EFT Banking System with One API

VoPay’s EFT payment API let’s you build EFT processing into your products and services with ease.

Faster EFT
Payments

Faster EFT Payments

Send EFT payments in near real-time using VoPay Instant to modernize your bank account transactions.

Dedicated
Industry SDKs

Dedicated Industry SDKs

Our payment API comes with industy-focused SDKs to ensure a smooth and streamlined integration process.

Advanced
Recurring Billing

Advanced Recurring Billing

Manage subscriptions and recurring payments via bank transfer with digital PAD agreements for customers.

Unlimited Virtual
Accounts

Unlimited Virtual Accounts

Separate EFT payments and control the flow of funds using VoPay’s Ledger Management technology.

Simplify Complex Financial Processes with Custom Payment Flows

Gain full control of EFT money movement using VoPay’s advanced native features. Push and pull funds in single transactions, set up automated bulk payouts, and create an unlimited number of VoPay underlying accounts to manage your EFT payments with precision.

  • EFT Credit

  • EFT Debit

  • Bulk EFT Payments

  • White Label EFT

  • Multiple EFT Accounts

  • Send funds to customers, suppliers and partners using VoPay’s advanced bank account payment solution.

    Example: A gig platform makes payments to drivers, vendors and employees.

Send Secure Payment Links With Built-In Bank Account Connection

Our white-label payment link product eLinx™ makes the process of obtaining bank account information easy and automated, thanks to our tokenization technology that saves banking credentials.

Let customers connect their accounts to send or receive EFT payments, and automate the debit authority process to simplify future collections and enhance the customer experience.

Explore Payment Links

Send Secure Payment Links With Built-In Bank Account Connection

Our white-label payment link product eLinx™ makes the process of obtaining bank account information easy and automated, thanks to our tokenization technology that saves banking credentials.

Let customers connect their accounts to send or receive EFT payments, and automate the debit authority process to simplify future collections and enhance the customer experience.

Explore Payment Links

Faster EFT Payments With VoPay Instant™

VoPay Instant gives businesses the power to send EFT payments to virtually any Canadian bank account in real-time.

Funds are deposited instantly, there is no pending period, and transactions can be initiated using standard bank account details.

Explore VoPay Instant

EFT Payment Processing To Fit Any Timeline

Move money at any speed with same day EFT transactions and standard EFT transactions.

Process funds on your own terms and make EFT payments work for your business with faster bank account payments.

Get Started

EFT Payment Processing To Fit Any Timeline

Move money at any speed with same day EFT transactions and standard EFT transactions.

Process funds on your own terms and make EFT payments work for your business with faster bank account payments.

Get Started

Better Payments For Your
Industry Use-Case

Better Payments For Your Industry Use-Case

Our integration recipes are designed to give you tools to start processing EFT transactions as quickly as possible.

Gig Economy

Instant earned wage access for workers to keep them loyal to your platform.

Gig Economy

Instant earned wage access for workers to keep them loyal to your platform.

Lending

Low-cost deposits that arrive in your customers’ accounts instantly.

Lending

Low-cost deposits that arrive in your customers’ accounts instantly.

Property

Handle large payments at scale and don’t leave your customers waiting.

Property

Handle large payments at scale and don't leave your customers waiting.

Account To Account

Move money between bank accounts with speed, efficiency and control.

Account To Account

Move money between bank accounts with speed, efficiency and control.

SaaS

Better recurring billing and reduced fees for subscription platforms.

SaaS

Better recurring billing and reduced fees for subscription platforms.

No-Code EFT Payments on The VoPay Portal

Setup and manage your EFTs on the VoPay Payment Portal and get enhanced insight and control over the status of transactions.

Manage all your payments and contacts in one place and sync your payments using our accounting integrations for simplified finances.

Book A Demonstration

Custom EFT API For Full Payment Control

VoPay’s payment API comes complete with multiple payment methods, including ACH transactions for access to the US bank account network.

Reduce integration time using our comprehensive developer documentation and industry-specific recipes to get started with EFT payments in as little as two days.

  • cURL
  • JavaScript
  • PHP
  • Python

Custom EFT API For Full Payment Control

VoPay’s payment API comes complete with multiple payment methods, including ACH transactions for access to the US bank account network.

Reduce integration time using our comprehensive developer documentation and industry-specific recipes to get started with EFT payments in as little as two days.

Frequently Asked Questions

What is an EFT Payment?
An Electronic Funds Transfer payment is the primary bank account payment method used in Canada. EFT is a broader term used to describe several forms of digital payments. The account to account transfers commonly referred to as EFT payments are facilitated by Canada’s Automated Clearing Settlement System (ACSS).
How do I send Electronic Funds Transfer payments in Canada?
EFTs can be sent through many of Canada’s financial institutions, however they lack certain abilities that most businesses need in order to maximize cash-flow. VoPay’s EFT payment solution comes with powerful business enhancements allowing users to setup EFT payments through the API integration or Payment Portal.
What are EFT Debits and EFT Credits?
EFT credit and debit is a common way fo referring to which way the funds are moving between two parties.

EFT Credits: Send funds electronically to a customer or supplier.

EFT Debits: Receive or pull funds electronically from a customer or supplier.
How do I Collect Electronic Funds Transfer payments from my clients and customers?
To collect a payment via EFT you must have 2 things:
1. The customer’s authorization - collected via a pre-authorized debit agreement
2. The customer’s bank account details - collected before or at the point of sale

VoPay’s digital PAD solution makes authorization seamless for all parties, and our iQ11 technology allows customers to connect their bank through a secure portal for single or recurring payments.
What are the Electronic Funds Transfer payment processing times?
A standard EFT transaction will take up to 3 business days for credit and debit transactions.

Same-day EFT transactions are available for businesses that require faster receivables.

It is important to remember that EFT payment processing in Canada has daily cut-off times.

With VoPay Instant funds are processed in near-real time and are exempt from the daily cutoff times.
Can I setup recurring EFT payments?
Yes, once you have obtained authorization through a PAD agreement that states the terms of the recurring billing, you can setup and manage recurring EFT payments though the API or Payment Portal.

Learn More

Talk to a Fintech Advisor Today!

1. Speak To Our Team

Speak to a Fintech Advisor to outline your needs and impact plan.

2. Access Sandbox

Start testing in the VoPay sandbox to explore our advanced API functions.

3. Sign & onboard

Our compliance and onboarding team will guide you through the process.

4. Go live!

Choose a production date and launch your integration with confidence!

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Talk with our sales team

We are happy to answer your questions. Fill out the form and we will have one of our team members contact you.