Electronic Funds Transfer: Move money from bank account to bank account quickly for vendor or client payments.


Electronic Funds Transfer (EFT) is a form of electronic payment for debiting or depositing payments from one bank account directly into another. This is a useful tool for both vendor and supplier payments, or for ease in payment collection from your clients. EFT can be set up for a one-time transfer or for a recurring payment.

PayHQ EFT is an effective solution for businesses that wish to make or receive payments from another organization quickly. If you have a lot of recurring bills or often deal with the same vendors and clients on a regular basis, we can help by streamlining the process!

What are the benefits?

  • Quick access to funds: Payment is settled into the receiving bank account within 24 hours.
  • A debit or credit card is not required: Eliminates waiting for cheques to clear.
  • It’s safe and secure: The payment information is encrypted and sent through a secure channel.

Ready to integrate?

We pride ourselves on being the easiest payment partner to work with. We make it super simple for any developer or business to integrate Payfirma technology into what’s already working.