Pre-Authorized Debit in Canada designed for today's digital demands
Pre-Authorized Debit in Canada designed for today's digital demands
The existing way of collecting Pre-Authorized Debit is outdated and time-consuming. Our digital PAD experience allows merchant to collects single or recurring funds safely and securely by sending a single payment link that includes embedded PAD agreements into all payment flows.
Text, email or embed a simple payment link into your existing payment flow to start collecting digital PAD today.
Trusted by Canada's Leading Financial Institutions
Trusted by Canada's Leading Financial Institutions
Skip the paper process and Take Advantage of Digital Pre-Authorized Debit Payment Solutions
Today’s consumers expect diverse digital payment options. Today’s payment journey needs to be contactless, seamless and secure. Pre-authorized debits (PADs) have become the easiest way for consumers to pay bills and make recurring payments automatically.
Optimize your entire pre-authorized debit process with VoPay’s revolutionary account-to-account payment solutions.
How It Works
Step 1
The merchant sends the payor a secure payment link or the customer selects the PAD option during checkout
Step 2
Once the end user clicks on the payment link they can securely connect their online bank account
Step 3
VoPay validates the payers bank account information and available funds
Step 4
VoPay tokenizes the data and gives it to the merchant enabling single or recurring collections to take place at the given date
API technology with built-in bank account verification and data tokenization for added security
Deployed through a single API, our payment services are customizable and configurable solutions that integrate into your existing infrastructure.
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Revolutionizing The PAD Agreement
VoPay’s data-driven PAD solution digitizes the entire process, managing the collection process on behalf of the merchant. With iQ11, businesses can manage payments, monitor the transaction lifecycle and validate the bank account before the time of the transaction. Automatically collect one-off or recurring payments once the consumer connects to their bank account the first time.
| VoPay vs Traditional PAD | VoPay PAD Solution (iQ11) | Traditional PAD |
|---|---|---|
| Prevent NSF fees by having visibility into available funds |  |  |
| Validate transaction status access to funds within T+1 business days | | |
| Verify users identities and bank information before the transaction | | |
| Credit card alternative for e-commerce checkout and recurring payments | | |
| Tokenize bank account information significantly enhancing payment security | | |
| 100% paperless and mobile-first experience | | |
| VoPay vs Traditional PAD | VoPay PAD Solution (iQ11) | Traditional PAD |
|---|---|---|
| Prevent NSF fees by having visibility into available funds | | |
| Validate transaction status access to funds within T+1 business days | | |
| Verify users identities and bank information before the transaction | | |
| Credit card alternative for e-commerce checkout and recurring payments | | |
| Tokenize bank account information significantly enhancing payment security | | |
| 100% paperless and mobile-first experience | | |
Pre-Authorized Payment Examples
If you're a business that receives single or recurring payments from your customers, then using VoPay’s next-generation Pre-Authorized Debit solutions can make your life much easier. Some common client use cases include:
Intuitive Dashboard & Analytics
VoPay user-friendly client dashboard is mission control for transaction management and reporting.
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Real-time visibility of merchant payments
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Manage merchant
sub-accounts -
Bulk file upload for EFT and e-Transfer
Bulk file upload for EFT and
e-Transfer
Free eBook
Transforming Pre-Authorized Debit:
Capitalizing On Bank Account Payment Innovation
On their time. In their way. Today’s consumers expect diverse digital payment options. Today’s payment journey needs to be contactless, seamless and secure. As society moves away from paying one way to multiple ways, account-to-account payments lead the way.
Benefits of Digitizing the Pre-Authorized
Debit Experience
Verify User Account
Verify users identities and authenticate bank account prior to the transaction.
Reduce NSF
Reduce NSF fees by having visibility into bank accounts available funds.
Enhanced Security
Removing the manual processing and tokenized data means more security.
Faster Payments
Eliminate the frustration, cost of missed payments and NSF with instant PAD collections.
Transparent Tracking
Get full visibility into each transaction with courier package like tracking.
New Revenue
Save on credit card fees and offer more payment variety.
Who We Work With
Learn More
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Developer Zone
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Get to know the VoPay API
Get access to our developer friendly API and get a feel for how our payment solutions work.
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