Bank-to-bank collection
Collect larger invoices directly from a bank account
Bank payments debit a customer's bank account directly instead of charging a card, which suits recurring and high-value invoices. RapidCents records the customer's authorization before the first debit, runs one-off or scheduled debits on agreed dates, notifies the customer beforehand and retries a failed debit on a set schedule. For businesses in Canada, confirm which bank-payment service your account enables.
- Suited to high-value invoices
- Mandates on file
- Reported beside card volume
- PCI DSS Level 1
- SOC 2 Type II
- Canadian support
- Interchange-plus available
- All major cards: Visa, Mastercard, Amex, Discover, UnionPay, Diners Club & Interac Debit
Who it's for
B2B invoicing
Collect large invoices without card interchange.
Memberships and dues
Predictable recurring debits from a bank account.
Property and services
Rent, retainers and scheduled service billing.
Core capabilities
Mandate capture
Collect and store authorization before the first debit.
Scheduled debits
Run one-off or recurring debits on the dates you agree with the customer.
Retry handling
Failed debits follow a retry schedule with clear status reporting.
Reconciliation
Bank payments settle into the same deposit reporting as card volume.
Customer notifications
Customers receive notice before a debit is taken.
How it works
Collect the customer's authorization and bank details securely.
Schedule a one-off debit or a recurring series.
RapidCents submits the debit on the agreed date.
Failed debits follow the retry schedule you configure.
Settlement and status appear in the merchant dashboard.
Dashboard and reporting
Transactions, deposits and exceptions visible in the RapidCents merchant dashboard.
Try it, edit values and click buttons
Merchant dashboard
- Today
- $4,218
- Deposits
- $12,482
- Disputes
- 2 open
- In-person
- $842
- Online
- $1,104
- Virtual terminal
- $392
Demonstration data only
Integrations
Merchant dashboard
Every transaction, deposit and exception lands in one dashboard.
APIs and webhooks
Connect the product to your own software with REST APIs and signed webhooks.
Partner connectors
Certified connectors for common POS, ERP and commerce platforms.
Works with ACH / Bank Payments
Capabilities on the same account, so the parts below connect without a second integration or a second contract.
The RapidCents recurring payments screen showing active subscriptions, monthly recurring revenue, failed payments and upcoming renewals, above a list of subscriptions with their plan, amount, frequency and next billing date. Recurring payments
Schedules, subscriptions and instalments billed from a stored credential.
Explore
The RapidCents invoices screen: outstanding, overdue, paid and draft totals across the top, the invoice list below them, and a preview of one invoice on the right with its line items and a View & Record Payment button. Invoicing
Send an invoice that carries its own payment page and reconciles itself.
Explore
A RapidCents customer profile holds saved cards and invoices, so a return visit can be charged without re-keying the card. Customer profiles
One customer record holding contact details, stored credentials and payment history.
Explore
A merchant reviews RapidCents reports for volume, mix and payouts, with the terminal that took the sales on the desk. Reporting and reconciliation
Deposit-level detail that ties settlements back to the transactions behind them.
Explore
A RapidCents API request and its response on a developer workstation, with the merchant dashboard and a test terminal. RapidCents APIs
REST endpoints for payments, customers, refunds and reporting.
Explore
Security
PCI DSS Level 1
Processing runs on PCI DSS Level 1 audited infrastructure.
Tokenization
Card data is replaced with tokens, keeping raw credentials out of your systems.
Role-based access
Permissions and audit trails control who can see and do what.
Implementation
Discovery
A Canadian specialist reviews how your business gets paid today.
Configuration
Accounts, users and settings are prepared before you go live.
Testing
Run test transactions and confirm reporting before cutover.
Launch and support
Go live with training materials and post-launch support.
Pricing
Transparent pricing
Pricing depends on volume, card mix and configuration. Fee Check compares your current statement before you commit to anything.
Cards, currencies and settlement in Canada
What a RapidCents account in Canada accepts, the currencies it settles in, and when the money arrives.
Cards and methods accepted
Visa, Mastercard, American Express, Discover, UnionPay and Diners Club cards from any country, plus Interac Debit, Apple Pay, Google Pay and EFT/PAD bank payments, on one merchant account.
137+ currencies, settled in CAD or USD
Process in CAD, USD, EUR and 137+ currencies, and deposit payouts directly into your Canadian CAD bank account or your Canadian USD bank account, so USD sales are not converted twice.
Next-business-day funding and reconciliation
Batches close nightly and deposits arrive the next business day, based on cut-off times and eligibility, with deposit-level reporting in one RapidCents dashboard.
Questions about ACH / Bank Payments
When are bank payments better than cards?
On large or recurring invoices, where a percentage card fee costs materially more than a bank debit.
Do I need the customer's permission?
Yes. A mandate is captured and stored before any debit is submitted.
What happens when a debit fails?
It follows the retry schedule you configure, and the status is visible in the dashboard.
Can I run cards and bank payments together?
Yes. Both settle into the same reporting so finance reconciles once.
What exactly is a mandate, and how is it collected?
A mandate is the customer's authorization to debit their account. It is collected with the bank details on a secure surface, stored before the first debit is submitted, and kept on file for the life of the arrangement.
How is this different from recurring card billing?
Recurring card billing charges a stored card token, so it depends on the card staying valid and carries a percentage fee. A bank debit pulls from the account under a mandate. Both can run on the same account and land in the same deposit reporting.
Can my accounting or ERP system connect to it?
RapidCents connects to many accounting and ERP platforms, and your RapidCents representative will walk you through the option for your software. Bank payments are reachable through the same REST APIs and signed webhooks as card volume, so your systems receive both the same way.
How are bank payments priced?
They are priced on your RapidCents account alongside card volume: your RapidCents markup, stated in your Fee Schedule, and fees for equipment or services, if applicable. The agreement has no fixed term.
Can a business in Canada collect by EFT?
Yes. EFT bank payments debit the customer's bank account directly, either once or as a recurring series on dates agreed with the customer, and they settle into the same deposit reporting as card volume.
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The RapidCents invoices screen: outstanding, overdue, paid and draft totals across the top, the invoice list below them, and a preview of one invoice on the right with its line items and a View & Record Payment button. Invoicing
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Take the next step
Talk to a RapidCents specialist
RapidCents Fee Check reads a processing statement and shows interchange separately from the markup. Upload a statement for an instant breakdown, or open a merchant account and start accepting payments on one account.
- No obligation
- Canadian payment specialists
- Secure statement upload
