Pay by Bank methods like EFT, ACH, and Interac e-Transfer offer enterprises a cost-effective, secure alternative to credit cards. With VoPay’s enhanced infrastructure, businesses gain real-time visibility, automated workflows, and simplified onboarding through eLinx—ideal for high-volume and recurring payments.
As payment systems evolve, enterprises are increasingly turning away from traditional card-based methods in favor of direct bank payments like EFT, ACH, and Interac e-Transfer®. These account-to-account (A2A) options offer a faster, more secure, and cost-effective way to move money—particularly for high-volume and recurring transactions.
For finance and technology leaders, efficiency, scalability, and cost control are non-negotiables. Credit card payments—despite their ubiquity—carry higher processing fees (often 2–3%), limited data visibility, and settlement delays that create reconciliation and cash flow challenges.
By contrast, EFT in Canada and ACH in the U.S. offer:
For Canadian businesses, Interac e-Transfer adds another layer of convenience for near real-time transfers—ideal for just-in-time payments or quick settlements.
What sets VoPay apart is our API-first, real-time orchestration layer that enhances traditional EFT and ACH. With full payment traceability, status updates, and integrated financial data, finance teams gain the visibility they need to make faster, more informed decisions.
For example:
This level of control is vital for enterprises that manage high volumes or rely on recurring billing.
One of the biggest historical barriers to bank payments has been onboarding. Traditional EFT/ACH setups are time-consuming and manual.
VoPay solves this with eLinx, a proprietary onboarding tool that enables:
It’s ideal for platforms that need to onboard thousands of users quickly—without operational bottlenecks.
From subscription platforms to enterprise SaaS, insurance disbursements to payroll, VoPay’s Pay by Bank infrastructure is purpose-built to handle:
Access Pay by Bank rails and financial automation with VoPay.
Speak to a Fintech Advisor to outline your needs and impact plan.
Start testing in the VoPay sandbox to explore our advanced API functions.
Our compliance and onboarding team will guide you through the process.
Choose a production date and launch your integration with confidence!
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