PayStream’s EFT services provide you with the ability to transfer funds electronically without the use of paper checks. Transactions involving deposits and the collection of payments are processed as an electronic item through the EFT system. EFT transactions save time and money by using pre-authorized electronic transactions rather than using costly and time consuming paper based options.
PayStream can originate transactions for merchants that are qualified and provide your company with a cost effective method for collecting payments from your regular customers and clients.
We can help you eliminate the costly, time consuming and repetitive tasks associated with weekly, monthly and quarterly invoicing.
- In order to debit your Canadian customers Bank accounts, you must obtain authorization in accordance with the Canadian Payments Association Rule H-1 by obtaining a PAD Agreement.
- PayStream may provide you with a sample PAD Agreement if needed.