VoPay

Avg. Rating: 5.0 (1 review)

Recognized for helping Canadian lenders digitize, VoPay payment platform eliminates the friction of loan collections, issuing loan payouts and transactions reconciliation.

Our Fintech-as-a-Service platform enables lenders to embed financial services and payment capabilities into their existing applications, product and services through a single and scalable API. Lenders can instantly connect to all major payment rails securely and leverage customer-centric, data-rich information for better decision-making.

VoPay’s payments network supports instant account-to-account payments, EFT, ACH, Interac e-Transfer for Business, Credit Cards and Visa Direct.

At VoPay, we have one goal: to eliminate all payment inefficiencies by building cutting-edge solutions. This means we’re obsessed with innovating to ensure we keep up with fast-paced digital transformation by building cutting-edge solutions.

  • TIME IN BUSINESS: Since 2015
Contact VoPay Today

1-778-897-2202

business@vopay.com Four Bentall Centre 1055 Dunsmuir Street Suite 594, Box 49263, Vancouver, BC V7X 1L2
Call Center: Monday-Friday: 9AM-5PM PST
Support Offered:
  • Call Centre
  • Email
  • Social Media
  • Blog/Information Sheet
  • Schedule a Call
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

Sandbox Trial

Get started in VoPay’s free sandbox account that can help you discover our platform capabilities and build out your prototype before committing to a plan. You can access all of our API documentation here

Pricing:

  • Free

 

Startup

Access the entire payments platform with a simple month-to-month plan. Benefit from hundreds of features and prebuilt components with no setup fees or long-term agreement. 

Pricing:

  • $299 per month

Key Features:

  • Full API access
  • CSV file uploads
  • Online Dashboard 
  • Real-time Payments
  • Advanced Reporting
  • Email Support
  • Bank Account Verification
  • Transaction Tokenization

Enterprise

A fully customized plan designed for businesses with large transaction volumes or unique business models. All plans are designed to scale as your business grows. 

Pricing: Contact Sales 

Key Features: 

  • Everything included in VoPay’s Get Started plan 
  • Same Day EFT funding
  • Higher transaction volumes and limits
  • Dedicated Integration Specialist 
  • Client Relationship Manager 
  • e-Wallet features 
  • Sub-Accounts 
  • Push to card

Intelligent EFT / ACH (iQ11)

Using Open Banking powered technology, lenders can collect instant bank account verified payments, improve payment speed and reduce failed payments/NSF.

Key Features:

  • Account Authentication
  • Reduce NSF with balance verification
  • Digital Onboarding
  • Data-driven payments
  • Reduce input errors
  • Transaction visibility  
  • Faster processing times

EFT / ACH

Seamlessly connect your business to all financial institutions and push or pull funds through batch files using VoPay’s online portal or API.

Key Features: 

  • Simple implementation
  • Brand control
  • New payment tools
  • Highly flexible
  • Enhanced Reconciliation

Bulk e-Transfer Send & Request

Send unlimited bulk payment up to $25,000 per transaction limit to multiple recipients simultaneously through VoPay’s online portal or API. You can also request payment using the same service.

Key Features: 

  • Easy signup process
  • Unlimited transaction 
  • Bulk File Upload
  • Quick reconciliation
  • Near-real time funding
  • Increased funding limits
  • Simplified implementation

Frequently Asked Questions About VoPay

What is VoPay?

VoPay’s Fintech-as-a-Service platform allows any company to embed financial services and payment capabilities into their existing applications, product and services through a single and scalable API. VoPay has built a network of local payment methods to facilitate and streamline payments for financial innovators and reach millions of people transacting with various payment methods.

Are EFT payments safe?

EFT payments are sent from one bank account to another and are sitting at bank-level security. By moving money electronically businesses reduce the risk of paper cheques being lost or stolen and reduce the risks associated with cheque fraud and forgery. By using payment processors or gateway like VoPay, businesses add an extra layer of security by utilizing tokenization and risk intelligence technology.

Is VoPay safe?

Yes. Founded in 2015, secure payment processing has been a fundamental tenet in our organization. All online payment information is encrypted or tokenized to ensure it can't be identified, making it a safe payment solution option.

What does VoPay offer?

VoPay provides Fintech-as-a-Service infrastructure enabling lenders to efficiently automate and embed account-to-account payments. VoPay offers scalable payment integration and personalized plans for lenders and LMS across Canada.

What's the difference between VoPay's Intelligent EFT / ACH (iQ11) and regular EFT / ACH payment services?

VoPay provides Fintech-as-a-Service infrastructure enabling lenders to efficiently automate and embed account-to-account payments. VoPay offers scalable payment integration and personalized plans for lenders and LMS across Canada. Features include: 1. Payments: Send and collect real-time payments securely through a single API directly from your ERP or LMS. 2. Payment Rails: ACH, EFT, Real-Time Payments, Visa Debit, e-Transfer, Credit Cards. 3. Account Services: Seamlessly connects to thousands of financial institutions across Canada using a single API layer. 4. Identity: Simplify customer onboarding by accessing relevant and validated information directly from a customer’s bank account. 5. Data Enrichment: Intelligently extract transactional information to better understand and serve customers. 6. Risk Management: Mitigate and manage risk with KYC, data verification and encrypted tokenization. 7. Reconciliation: Enable full visibility into the life cycle of each transaction and reporting for easy account reconciliations.

How do I access VoPay API documentation?

You can access VoPay API documentation here: https://docs.vopay.com

What is the difference between VoPay's Intelligent EFT / ACH (iQ11) and regular EFT / ACH payment services?

Unlike regular EFT / ACH payment services, VoPay's Intelligent EFT / ACH (iQ11) payment adds a layer of data intelligence to online bank account transactions. This allows them to be verified instantly and processed at a much lower rate. Giving customers the option to connect their bank account saves them time and helps you improve payment speed while reducing the chance of NSF.

What is Interac e-Transfer for Business?

VoPay’s e-Transfer for Business is a solution powered by Interac that enables lenders to Send(Payouts), Collect (Request) and Receive (Inbound) transactions across Canada in a safe and secure environment. The funds are transferred from one account to another, in near real-time using only an email address. The service is accessible through VoPay’s API integration or online payment portal 24/7/365.

Why does my business gain from using VoPay payments as a service?

By using VoPay, you can initiate, accept and manage all types of payments without the individual, complex, local banking relationships. You can build new services into your offerings without the hassle of re-architecting a current system. You can improve customer service and payment speed with better visibility into your day-to-day cash flow.

What does VoPay's API service provide?

VoPay’s payment services are deployed through single API integration, online portal or white-label option, providing highly customizable and configurable solutions for all industries. Eliminate individual, complex, local banking relationships with direct payments and build new services without having to build your own infrastructure.

Can I send money in both USD and Canadian dollars?

Yes. With us, you can make both USD and Canadian dollar EFT payments to accounts based in Canada. However, you will need to sign up separately to make EFT payments in both currencies.

Are your payment services white labelled?

Yes, all of our API payment services are white-label enabling lenders to fully customize the payment experience and branding.

I have more questions. Where should I look?

Find out the answer to your question in our FAQs, or reach out to us directly to learn more!

VoPay Reviews

Avg. Rating: 5.0 (1 review)
Great Results

Will use VoPay again for sure.

Justin

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