Direct employee payments - ePay
Integrated Electronic Payments and Payroll
PaymentEvolution Payroll provides fully integrated electronic payment services.
You can directly deposit your employee payroll into their bank accounts - on time,
securely and accurately.
No more cheques
- Finalize your payroll and we'll automatically issue payments to your staff.
- Save money: it typically costs a small business over $2 to issue a cheque. With
ePay, pay your staff for only 50 cents per transaction.
- Go green: no more paper, lost cheques, reissues, stop payments - secure, online
payments will simplify your payroll.
How to get started
Fill out the following and we'll send you the necessary forms. A completed form
is needed to afford you protection under the guidelines of the Canadian Payments
Association.
More about ePay
PaymentEvolution ePay is the fast, simple way to pay your staff - all online. Funds
are directly deposited into their bank accounts.
- Funds are debited from your corporate account as one transaction.
- Once your funds are cleared, your employees are sent their payments.
- For weekly and biweekly payroll, payments are made on Fridays. For semi-monthly and monthly payroll, payments are made mid-month and on the last day of the month (if either falls on a holiday or weekend, the payment date is the previous available business day). Processing time is 4 business days. For typical Friday payments, you should finalize
your payroll by NoonET the previous Monday.
- Fees:
| Service |
Fee |
| Transactions |
50¢ per transaction. The pull from your source account counts as one. |
| Remittances |
$4 per remittance. |
| NSF, rush, incorrect bank information, chargebacks etc. |
$30 per occurance |
| One time setup |
$55 plus applicable taxes. |
PaymentEvolution ePay - the fast, secure and simple way to get your staff paid