Introducing Pre-Authorized Debits (PAD) for Customers in Canada
We are thrilled to announce the availability of Pre-Authorized Debits using the Automated Clearing Settlement System (ACSS) for our customers with Canadian bank accounts in CAD or USD currencies.
We understand that your business needs a flexible, reliable, and secure way to manage recurring payments. That's why we've launched support for Pre-Authorized Debits (PAD) in Canada. This new feature allows you to schedule and process recurring payments with ease, reducing manual work and simplifying your financial management.
With PAD, you can ensure that payments are made on time, every time, improving your cash flow and reducing the risk of late or missed payments.
Why use Pre-Authorized Debits?
The benefits of using PAD for your business are manifold:
- Reliability: With PAD, payments are made automatically when they are due, ensuring a steady and predictable cash flow.
- Convenience: Automate your Accounts Payable process and spend less time tracking down payments and more time focusing on what you do best – growing your business.
- Flexibility: PAD allows for easy management of both one-time and recurring payments.
- Security: Transactions made through the ACSS are secure and traceable, providing a safe method for processing payments.
To learn more about using this feature, please visit the Canadian pre-authorized debits section in our Help Center or contact your account manager. As always, we appreciate your feedback, and we're here to support you every step of the way.