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In today’s competitive environment, Canadian businesses are looking for ways to modernize their operations—especially when it comes to payments. While consumers have embraced digital transactions, many companies still rely on outdated tools like paper cheques and manual bank transfers. Fortunately, Interac e-Transfer® for Business offers a smarter alternative.
Designed for real-time, secure money movement, Interac e-Transfer is reshaping how companies send, receive, and manage business payments in Canada. With advanced capabilities, higher limits, and easy onboarding, it’s quickly becoming the go-to solution for organizations ready to make the digital shift.
Interac e-Transfer® for Business allows companies to send and receive funds using only an email address or mobile number. The funds are moved between accounts in near real time through Canada’s trusted banking infrastructure.
What sets the business version apart is its enhanced functionality. It supports high transaction limits, delivers faster availability of funds, and includes detailed payment data to make reconciliation easier. All of this adds up to a faster, more secure, and more convenient method for handling business payments.
According to Statistics Canada, 50% of Canadian businesses are already using Interac e-Transfer. As digital adoption accelerates, this number will only grow.
Across industries, companies are under pressure to improve efficiency and reduce operating costs. Traditional payment methods like cheques are time-consuming and expensive to manage. They slow down cash flow, increase the risk of errors, and make reconciliation harder than it needs to be.
That’s why more businesses are turning to digital alternatives. Interac e-Transfer® for Business offers a compelling solution: it speeds up transactions, eliminates manual steps, and enables companies to manage payments with greater precision. In particular, industries like real estate, property management, financial services, and the gig economy are seeing measurable benefits by moving to faster, digital-first workflows.
VoPay’s solution enhances this even further by offering built-in automation, advanced security, and flexible integrations tailored to how businesses actually operate.
Interac e-Transfer® for Business allows businesses to send or receive funds in near real time. In many cases, transactions are completed within minutes. This is a game-changer for businesses that need quick access to capital or need to fulfill time-sensitive payments.
Businesses can send up to $25,000 per transaction and handle bulk transfers to up to 100,000 recipients per day. These high thresholds make it viable for payroll, rent collection, insurance payouts, and large B2B payments, without the friction of wire transfers.
To send or request money, all you need is the recipient’s email address or phone number. There’s no need to exchange sensitive banking details, which reduces friction and enhances privacy.
Businesses can include reference information, like invoice numbers or purchase order details, within the transaction. This makes it easier to match payments, avoid accounting errors, and generate audit-ready records.
From payroll to supplier payments, Interac e-Transfer® for Business supports both one-off and bulk transfers, helping businesses manage recurring transactions without manual processes.
Property management companies are adopting Interac e-Transfer for Business to simplify rent collection and tenant disbursements. Instead of waiting on mailed cheques or handling cash, property managers can send and receive rent in real time, while tenants appreciate the convenience of email money transfer.
Lending platforms are also seeing strong results. By integrating the “Request Money” function, lenders can automate repayment reminders, schedule recurring payments, and enable borrowers to pay directly through secure links, no bank forms or cheques required.
Gig economy platforms use Interac e-Transfer to pay workers immediately after task completion. This level of responsiveness increases worker satisfaction and supports better retention in a competitive labour market.
Insurance providers and charities benefit from the ability to disburse funds quickly and efficiently, especially during emergencies or time-sensitive situations.
Meanwhile, corporate payroll teams use Interac e-Transfer for Business to handle regular salary payments for large teams, reducing the administrative effort typically required by direct deposit systems.
To use this payment method, businesses must open an Interac e-Transfer® business account with a participating financial institution or payment platform. These accounts are specifically designed for companies and support the full feature set, such as higher transaction limits, data-rich transfers, and bulk processing.
VoPay’s platform gives businesses access to these tools through an easy-to-integrate API or a no-code dashboard. Whether you’re a startup or an enterprise, VoPay helps eliminate the complexity of managing payments while providing full control over the transaction lifecycle.
While Interac e-Transfer on its own is robust, combining it with VoPay’s platform unlocks its full potential. VoPay acts as the infrastructure layer that integrates Interac e-Transfer directly into your business systems, so you can send, request, and reconcile payments at scale.
Businesses benefit from:
These tools make it easy to handle high payment volumes, offer customers better experiences, and modernize outdated workflows—without a full rebuild of your internal systems.
Looking to explore the full feature set and learn how Interac e-Transfer® for Business works in practice?
Download our free guide: Interac e-Transfer® for Business – A Comprehensive Guide to Faster Payment Processing
Inside, you’ll find detailed implementation tips, use cases by industry, and insights into how leading Canadian businesses are using VoPay and Interac together to power better payment experiences.
Interac e-Transfer® for Business is more than just a faster way to move money, it's a payment solution built for modern Canadian companies. From rent collection to supplier payouts, it simplifies every stage of the payment lifecycle.
With VoPay’s platform, businesses can unlock the full potential of Interac e-Transfer® without reinventing their systems. The result? Faster payments, smarter operations, and a better experience for everyone involved.
Curious to learn more? Schedule a Demonstration with a Fintech Advisor to unleash the full potential of Interac e-Transfer® for Business
Businesses can send up to $25,000 per transaction, with bulk limits of 100,000 transactions per day depending on the provider.
You’ll need a business account with a participating bank or a VoPay account to access the full feature set, including API integrations and bulk capabilities.
Yes. Interac e-Transfer supports scheduled payments and recurring billing through platforms like VoPay.
Absolutely. VoPay’s infrastructure uses advanced tokenization and adheres to ISO 20022 standards, making it suitable for regulated industries.
Yes. The Request Money feature allows businesses to send invoices or payment requests directly to customers via email or SMS.
