At PaymentEvolution we’re always looking for ways to streamline and make your workplace more efficient. We started off with integrated payroll, making it easy to track and pay your employees all through ePay. Your employees are able to access their payslips and year-end tax slips (T4, T4A, RL1) online through Paychequer – your employee portal. In Paychequer, we have provided your employees with the ability obtain and modify any benefits they wish to receive.
Our evolution doesn’t stop there. We are now proud to be launching Business Payments for Xero, Kashoo, and Quickbooks Online users. With Business Payments you will eliminate the need for cheques, and you can now pay vendors and suppliers electronically using our secure ePay system. Simply, once you approve an invoice payment funds are moved from your company account to your recipient. It’s all connected with your accounting system so invoices are automatically marked as paid and transactions automatically reconcile with your bank feed. Recipients even receive full notification of the payments so they know how much they are receiving and for which invoices.
When will this be available?
It’s available now.
The Business Payments service is available with any of our paid plans connected with electronic payments. There are no additional monthly fees or minimums. It’s just 85¢ per transaction – less than the cost of most stamps.
Are other accounting systems supported?
We work with the most modern and friendly accounting systems available today. This allows for transactions to be automatically marked as “paid” and saves you time in reconciling your books. We’re looking to support others as modern APIs for those services become available.
Can I pay invoices anytime?
Yes, just like you make payments now – you can schedule payments to fit with your cashflow. Just select the date you want the funds deposited into the recipient’s account.
How do I activate ePay?
Login to your PaymentEvolution account and click the link for direct deposit / ePay (see this article for more details).
How is this different than INTERAC™?
Business Payments will work with any business bank account in Canada and allow you to pay into any bank account in Canada as well. Limits are set by you not your bank. Funds are sent directly to the recipient’s account and not held pending email actions. And, it’s only 85¢ – not to mention saving you reconciliation time with your accounting system.