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Online Vendor Accounts

Receive bill payments online

If you’re receiving more than 50 payments per month from regular customers who pay you by cheque, consider an online vendor account with Vancity. As an online vendor, your customers—including Vancity members and customers who bank at other financial institutions—will be able to add your business as a payee on their online banking system and pay you electronically.

The ideal option for businesses whose customers make regular payments of any size, an online vendor account makes it easier for your business and your customers to manage the payment process. Plus, you’ll receive funds faster and pay lower processing costs compared to cheque payments.

Key business benefits

  • Improve cash flow and receive funds from payment faster
  • Reduce paper and administrative effort
  • Save on the cost of processing cheque payments and credit card payments
  • Offer your customers enhanced convenience.

Professional advice, products and services available from our Cash Management Team. Connect with your Business Account Manager.