SAVE UP TO 50% ON
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Electronic Funds Transfer Services
Electronic Funds Transfer (EFT) processing is a paperless system that allows for the transfer of money between financial institutions in Canada. EFT payments are cleared through the Canadian Payment Association (CPA). This type of processing is most commonly used by merchants to charge for goods or services by deducting funds directly from a customer’s bank account. EFT is a secure payment service providing speed and efficiency in collecting one-time or recurring payments from customers, and acts as an alternative method of payment to accepting credit cards.
Whatever your processing needs, we will get your account approved quickly and easily. No lengthy wait times. Get started today!
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Let us save you up to 50% off your current processing fees.
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Over a decade of experience across multiple verticals gives our team the expertise to serve your business.
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Why Choose TPG For EFT?
Access and process transactions 24/7, anywhere via the internet |
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How It Works
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STEP 1: IT STARTS WITH YOUYou initiate an EFT payment after receiving an authorization (PAD) from your customer.
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STEP 2: EFT PROCESSOR/BANKYou securely upload your transaction files to your processor/bank, who then forwards it to the customer’s bank (after being cleared by the CPA).
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STEP 3: CUSTOMER’S BANKThe customer’s bank receives the transaction data and verifies the banking information for accuracy.
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STEP 4: YOUR BANKThe processor distributes the verified EFT transactions to your bank who then posts the approved funds directly into your account.
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Types of businesses that are a great fit for EFT processing
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What Our Customers Are Saying
Don’t just take it from us, let our customers do the talking!
“Getting paid on time is important, and The Processing Group made it easier and faster for me to collect one-time and recurring payments.”
Debra Novack
Owner, LOL Candy |
“The Processing Group constantly strives to offer us the latest payment processing technologies at a cost that made sense for my business.”
Liul Dala
CEO, Global Co. |
“Randy and his team delivered everything they promised. Our customer sales levels are at an all-time high since we started to accept credit cards!”
Robert James
CEO, WC Group |
Get Approved Today!Looking to process EFT or Credit Cards?
You’re in the right place! Fill out your information to get started.
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