{"id":84300,"date":"2021-09-24T20:53:12","date_gmt":"2021-09-24T20:53:12","guid":{"rendered":"https:\/\/interac1.wpengine.com\/?post_type=content&#038;p=84300"},"modified":"2025-05-30T15:20:48","modified_gmt":"2025-05-30T19:20:48","slug":"how-interac-e-transfer-for-business-can-work-for-you","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/business\/how-interac-e-transfer-for-business-can-work-for-you\/","title":{"rendered":"How <i>Interac<\/i> e-Transfer for Business can work for you"},"content":{"rendered":"\n<p>At Interac we know that the fast movement of money is crucial to your success. For years, independent businesses have told us that commonly used payment methods like cheques and EFTs can be slow and inefficient and require that you spend valuable resources processing and reconciling these payments.<\/p>\n\n\n\n<p>Now we\u2019re offering you something better: <a href=\"https:\/\/www.interac.ca\/business\/our-solutions\/interac-e-transfer\/\"><em>Interac <\/em>e-Transfer for Business<\/a>. It\u2019s an enhancement of the existing <em>Interac<\/em> e-Transfer service with&nbsp;features built for the needs of Canadian business, featuring higher transaction limits, fast money transfers with instant confirmation and rich remittance data, which allows you to reconcile transactions with less paperwork.\u202f&nbsp;<\/p>\n\n\n\n<p>But the most important feature of <em>Interac <\/em>e-Transfer for Business? The time it gives you back. Digitizing your business payments can help reduce the amount of time and energy you spend on processes like payroll and cheque reconciliation. That frees you up to focus on the things that matter more \u2014&nbsp;like family, growing your business, and finding ways to serve your customers better.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"994\" height=\"1024\" data-src=\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/09\/INT_IeTB_SmallBusiness_InArticle_01_EN-994x1024.png.webp\" alt=\"\" class=\"wp-image-84306 lazyload\" data-srcset=\"https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/09\/INT_IeTB_SmallBusiness_InArticle_01_EN-994x1024.png.webp 994w, https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/09\/INT_IeTB_SmallBusiness_InArticle_01_EN-291x300.png.webp 291w, https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/09\/INT_IeTB_SmallBusiness_InArticle_01_EN-768x791.png.webp 768w, https:\/\/www.interac.ca\/wp-content\/smush-webp\/2021\/09\/INT_IeTB_SmallBusiness_InArticle_01_EN.png.webp 1166w\" data-sizes=\"auto\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 994px; --smush-placeholder-aspect-ratio: 994\/1024;\" data-original-sizes=\"(max-width: 994px) 100vw, 994px\" \/><\/figure>\n\n\n\n<p>Here are some of the ways Canadian small- and medium-sized businesses are already benefiting from <em>Interac <\/em>e-Transfer for Business.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-using-fewer-cheques\">1. <strong>Using fewer cheques.&nbsp;<\/strong><\/h2>\n\n\n\n<p>Cheques create <a href=\"https:\/\/www.interac.ca\/content\/business\/what-will-it-take-for-canadian-companies-to-finally-cheque-out\/\">all sorts of problems<\/a>. There can be uncertainty around whether a cheque will clear \u2014&nbsp;or when, not to mention waiting for one to arrive in the mail. And cheques have to be manually reconciled by whoever does your bookkeeping.&nbsp;<\/p>\n\n\n\n<p>By replacing cheques with <em>Interac <\/em>e-Transfer transactions, you\u2019re eliminating those inefficiencies and uncertainties. (Not to mention saving yourself trips to the bank.)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-receiving-payments-instantly-and-directly-from-customers\">2. <strong>Receiving payments instantly and directly from customers.&nbsp;<\/strong><\/h2>\n\n\n\n<p>By accepting <em>Interac <\/em>e-Transfer for payments, you\u2019re giving your customers a way to pay that\u2019s quick and convenient for them. They can pay you from anywhere, from home to curbside to inside your store.<\/p>\n\n\n\n<p>For businesses, getting paid in seconds means money in the bank right away \u2014 improving your cash flow.&nbsp;<\/p>\n\n\n\n<p>With <em>Interac <\/em>e-Transfer for Business, transaction limits can be up to $25,000, depending on your financial institution. So you can now accept payments via an <em>Interac <\/em>e-Transfer transaction even if your business sells bigger-ticket goods and services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-sending-payments-conveniently-to-smaller-vendors-and-suppliers\">3. <strong>Sending payments conveniently to smaller vendors and suppliers.&nbsp;<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.interac.ca\/content\/business\/how-canadian-enterprise-is-using-interac-e-transfer-for-business-to-streamline-payments\/\">Businesses across Canada<\/a> are using <em>Interac <\/em>e-Transfer for Business to pay vendors and suppliers, who appreciate the quick settling of accounts.&nbsp;<\/p>\n\n\n\n<p><em>Interac <\/em>e-Transfer for Business also allows you to use account numbers to send money, in addition to an email address or SMS number. So it\u2019s easy to make the transition to faster digital payments if you\u2019ve collected void cheques from suppliers in the past.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Take back control of your time. Get <em>Interac<\/em> e-Transfer working for your Business today.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center\"><strong>&nbsp;For more information, please visit <a href=\"https:\/\/www.interac.ca\/business\/our-solutions\/interac-e-transfer\/\">interac.ca\/business <\/a>or contact your relationship manager at your Financial Institution. <\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>At Interac we know that the fast movement of money is crucial to your success. For years, independent businesses have told us that commonly used payment methods like cheques and EFTs can be slow and inefficient and require that you spend valuable resources processing and reconciling these payments. Now we\u2019re offering you something better: Interac&hellip;<\/p>\n","protected":false},"author":28,"featured_media":84308,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"content-tags":[952,272,283,300],"content-category":[189],"spokespeople":[],"in_the_know_post_format":[169],"class_list":["post-84300","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-enterprise-and-government","content-tags-interac-e-transfer","content-tags-payments","content-tags-small-business","content-category-business","in_the_know_post_format-article"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Benefits of Interac e-Transfer Services for Small Business<\/title>\n<meta name=\"description\" content=\"INTERAC e-Transfer for Business makes payment processing fast and easy. Learn how INTERAC e-Transfer can help your small business thrive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interac.ca\/en\/content\/business\/how-interac-e-transfer-for-business-can-work-for-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Interac e-Transfer for Business can work for you\" \/>\n<meta property=\"og:description\" content=\"At Interac we know that the fast movement of money is crucial to your success. 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