Payment Methods
During checkout, your customers have the option to pay
- with a bank transfer
- or via credit card.
We describe the nuances of the two methods below.
EFT stands for "Electronic Funds Transfer". EFT payments are processed through the ACH (Automated Clearing House), a centralized architecture that connects financial institutions.
With EFT, money is sent directly from one bank account to another. EFT is a fast, secure, and convenient way to process transactions using the infrastructure built and monitored by Payments Canada (for more information, visit Payments Canada).
To perform an EFT transfer, we require the following information:
- Institution number
- Transit number
- Account number
This information can be found through your online banking or on a (void) cheque. If you are unsure about your routing information, contact your bank.
When uploading an EFT payment to a participating financial institution, Payments Canada requires businesses to obtain a Pre-Authorized Debit Agreement ("PAD"). When customers use the Jetpay checkout and select bank transfer we collect an electronic signature for the PAD and send a copy to your customer as required by Payments Canada H1 Rules.
We support two different methods for customers to connect to their bank account:
- Login with their online banking credentials
- Enter account information manually
The online login option allows customers to log in to their financial institution with their online banking credentials directly through our site.
Jetpay partners with Flinks to connect securely with any Canadian bank account. To find out more, visit Flinks security.
Bank accounts can also be added by entering routing information manually.
You can find your routing info on a (void) cheque or direct deposit form provided by your bank.
Alternatively, your customers can choose to complete a payment request via credit card by entering their card details.
Canadian and U.S. credit cards are accepted.
