All posts by Jason Olson, CMA, VP Strategic Partnerships

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Building Relationships With Electronic Payments

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Everyone likes getting paid. When your business uses electronic systems to send money directly into bank accounts, it says a lot.

I once had a client tell me; ‘When I send money electronically, it makes my business look more professional, as if we are bigger than we are.’

As some of you may know, Telpay’s system gives businesses the ability to send money anywhere, with just a few clicks of the mouse. That’s very powerful.

Understanding how paying electronically impacts the receiving party is important. Here’s a look at how the people and businesses you pay feel about getting paid by direct deposit to their bank accounts.
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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

To My Valentine Direct Deposit

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Why do I love my direct deposit service? Let me count the ways. It is for the same reasons that I love paying personal bills with online banking – it’s easy, ultra-convenient and recipients love it!

Reason #1 – It’s Easy
Businesses should always be thinking of ways to become more efficient. Sending money with a few clicks of the mouse is certainly more efficient than dealing with the manual cheque processes – buying cheques, printing, signing, assembling – this is no longer the best way to pay employees or suppliers. Continue reading

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Canada Post Price Increase Impacts Businesses Sending Cheques

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On March 31, 2014, businesses sending cheques will see their costs for stamps increase by between 19-35%. The price of stamps and cheque related fees are constantly increasing, so the announcement of a price increase did not come as a surprise. What was surprising was the dramatic increase of stamps – as much as $1.00 when purchasing a single stamp.

The good news is that for businesses already sending electronic payments there will be no cost impact on their business.  On the other hand businesses using regular mail will see a dramatic cost increase.

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