Electronic Funds Transfers

Electronic Funds Transfer Services for Businesses That Need Fast and Secure Payments.

What is Rapid Pay EFT Best for?

EFT is an ideal payment solution for businesses that rely on predictable cash flow, like:

Subscription & Membership Services (gyms, clubs, magazines)
Property Management Firms & Rental Companies
Pest Control & Lawn Maintenance Services
Internet Providers & Utility Companies
Equipment Leasing & Financing Services
Fitness Centers & Martial Arts Studios
Alarm Monitoring & Security Services
Mortgage Companies & Financial Services
Waste Management & Storage Centers

If your business collects payments regularly, EFT can provide a cost-effective, paperless alternative to traditional billing methods.

Electronic Funds Transfer (EFT) is a simple, secure, and efficient way for businesses to collect payments directly from their customers’ bank accounts. Whether you need to process one-time or recurring transactions, EFT helps streamline payments, reduce fraud, and improve cash flow. At Rapid Pay Processing, we provide reliable EFT solutions tailored to businesses of all sizes, ensuring you get paid on time, every time.

Why Rapid Pay EFT May be Right for You.

Rapid Pay EFT offers a transparent and affordable alternative, so you can reduce costs and streamline operations:
✔ Quick Approvals – Get set up fast with a hassle-free application process.
✔ Lower Processing Fees – Save up to 50% on your current EFT processing costs.
✔ No Extra Software or Hardware Required
✔ Secure & Compliant Transactions – Stay protected with PCI-compliant payment solutions.
✔ Automated Recurring Billing – Never chase late payments again—set up automatic debits with ease.
✔ Dedicated Support – Our team is here to assist with all your EFT processing needs.

How EFT Payment Processing Works.

Using Rapid Pay Processing’s EFT services, businesses can automate payments and reduce administrative overhead. Our process is designed for security:

Customer Authorization – Your customer provides consent for EFT payments via a Pre-Authorized Debit (PAD) agreement.
Secure Transaction Upload – You upload your payment transactions to our system, which then sends them for processing.
Bank Verification & Approval – The transaction is verified through the Canadian Payment Association (CPA) and the customer’s bank.
Funds Deposited to Your Account – Once approved, the funds are securely deposited into your business account, ensuring timely payments.