Next day payments are here!
Starting Tues Aug 24, 2021 We will now accept Interac e-transfers for pay runs up to $25,000.
Plans: available on all plans with ePay
Services: available on Payroll and Business Payments
Running Payroll/Business Payments
Payroll: When you get to the Payments step of your pay run or Business Payments page select Wire ID 004 as your Payment Method under Funding Source:
You will see that your employee/vendor payment date will show a next day payment.
In order to pay employees/vendors next day we MUST receive the funds no later than 3:30EST the day before. Interac payments can take up to 1 hour to be received so plan accordingly.
Your fees will include your wire fee.
Take note of the amount, on the pop-up finalizations as this is the full amount to send via Interac.
Finish the pay run/payment as normal.
Making your Payment
You will need a few things to make your payment.
1. Ensure your bank allows you to make etransfers up to the amount you will need to send. Reminder the max is $25,000, but your bank may have a lower limit for you. Ask them to up your limit if needed.
2. Email to send funds to: email@example.com
Login to your online banking and navigate to your Interac etransfer page.
Add a payment for your full payroll/payment amount to firstname.lastname@example.org.
Enter your account number in the notes field.
Finalize your payment.
As long as payment is received by 3:30EST the day before we will make a next day payment to your employees or vendors.