Retailers, restaurants and other businesses can receive funds immediately from a customer purchase.
With instant access to sales revenue, businesses can reinvest funds, purchase critical materials for their business and reduce reliance on high-interest loans. Real-time merchant settlement helps small- and medium-sized businesses avoid payment delays and improve their daily cash flow.
Leverage merchant settlement
To leverage this use case, both the sending and receiving financial institutions must be enabled to use Canada’s Real-Time Rail. Contact your Payments Canada relationship manager or email info@payments.ca to learn how your financial institution or payment service provider can adopt the forthcoming Real-Time Rail.