Accept e-Transfer Payments — Zero Fees for Your Customers

Stop Losing 2.9% on Every Invoice

If you accept credit cards for your service business, you’re handing back nearly 3% of every dollar you earn. On a $500 invoice that’s $14.50 gone before you even get to the bank.

For Canadian businesses, there’s a better option that most owners underuse: Interac e-Transfer.

The Numbers Are Hard to Ignore

Let’s say your business collects $5,000 per month in payments.

That’s $1,740 per year you keep just by offering e-Transfer on your invoices. For a $10,000/month business, the savings double to $3,480.

Autodeposit: The Game-Changer Nobody Talks About

The old knock against e-Transfer was the friction — customers had to answer a security question. Autodeposit eliminates that entirely.

Once your business account has Autodeposit enabled (takes 2 minutes in your bank’s app), payments land directly without any question-and-answer back-and-forth. The customer taps send, you get the money. Done.

Almost every major Canadian bank supports Autodeposit: TD, RBC, Scotiabank, BMO, CIBC, Desjardins, and most credit unions.

How to Make e-Transfer Easy on Your Invoices

• Display your registered email clearly — use a dedicated business email (e.g. [email protected])
• Enable Autodeposit so customers don’t need to wait for a security question response
• Note the limit — most business accounts allow $25,000 per transfer; split large jobs if needed
• Set payment terms — Net 7 or Net 14 works well for e-Transfer since it’s instant for the customer

When Card Payments Still Make Sense

E-Transfer works best for invoiced work after the job is done. For on-the-spot retail or impulse purchases, a card reader still wins on speed. Offer both options and let customers choose — most will pick the method that’s fastest for them.

VentureHelm Makes It Simple

VentureHelm invoices display your Interac e-Transfer email prominently alongside the pay-by-card option. Payments received by e-Transfer can be logged with one tap, keeping your books clean without double-entry.

Start your free trial at VentureHelm and keep more of every dollar you earn.