Direct Payments

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

Goodbye Paper

goodbye-paper

Do you still send invoices, print off emails or write cheques to pay bills? With technology, software and apps, the tools to digitize most or all of your paper needs are now readily available and affordable. To get you started, here are five ways to reduce paper in your office.

Electronic Payments
Interestingly enough when you search the topic online, you will see electronic bill payment right at the top. Guess what? Telpay for Business can help with that one. The more payments you make electronically through Telpay for Business, the less you’ll spend on postage, envelopes and employee time coordinating invoices, cheques, and mailings. You will reduce paper, save money and valuable time.

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

Inlett Saves Big Bucks on Payroll and Payables

inlett-wendi

Inlett Incorporated manages commercial and industrial properties throughout Western Canada. Wendi Dunstone, CMA and Director, Management Services was tired of using couriers to deliver payroll cheques bi-monthly to approximately 45 staff located in Manitoba, Saskatchewan and British Columbia.

Wendi decided to cancel her outsourced payroll service and process her own payroll. Now she pays Inlett employees with Telpay’s direct deposit and emails their pay stubs, which substantially reduced  courier costs. She no longer stands in line at a bank to pay government remittances, because they are also paid through Telpay.

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

Canada Post Price Increase Impacts Businesses Sending Cheques

canada-post-stamp-increase

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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