{"id":164973,"date":"2024-05-13T00:01:00","date_gmt":"2024-05-13T04:01:00","guid":{"rendered":"https:\/\/interac1.wpengine.com\/?post_type=content&p=164973"},"modified":"2025-05-30T16:15:14","modified_gmt":"2025-05-30T20:15:14","slug":"how-interac-e-transfer-can-open-the-door-to-efficiency-and-cost-savings-for-landlords","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/business\/how-interac-e-transfer-can-open-the-door-to-efficiency-and-cost-savings-for-landlords\/","title":{"rendered":"How Interac e-Transfer can open the door to efficiency and cost savings for landlords"},"content":{"rendered":"\n

Businesses of all sizes across Canada \u2014 including micro and side businesses \u2014 are leaving behind their inconvenient reliance on cheques and modernizing how they handle payments.<\/p>\n\n\n\n

If you\u2019re a landlord or property manager, you may want to join the trend and harness the advantages of digital payments for your business.<\/p>\n\n\n\n

According to a survey of financial decision makers commissioned by Interac in June 2023, about six in 10 financial decision makers we canvassed across all industries believe cheques are an outdated payment method. Customers and vendors expect the convenience of digital or other forms of payment. About three quarters of businesses that we surveyed (74 per cent) expect to totally phase out cheques within the next five years.<\/p>\n\n\n\n

(These insights and more are contained in an Interac report about the phaseout of cheques in the real estate and property management industry.)<\/p>\n\n\n\n

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\n \n Download the report here<\/a>\n \n <\/div>\n \n <\/div>\n<\/section>\n\n\n

Interac e-Transfer can help landlords modernize the way they handle payments, whether they\u2019re managing one property or many. Taking a digital approach simplifies the process of receiving and sending money for you (and for your tenants, who may appreciate a more convenient way to pay). <\/p>\n\n\n\n

And because you can track your transactions quickly and digitally, you can spend less time on accounting \u2014 while enjoying faster access to funds and better management of your cash flow. <\/p>\n\n\n\n

Here are ways you can take advantage of <\/em>Interac <\/em>e-Transfer to bring efficiency and cost savings to the operation of income properties:<\/p>\n\n\n\n