International Payment
Get an International Currency Account and start making
electronic payments in most major currencies!
Payments from Canada to anywhere
With Telpay's International Payments service, you have the ability to make payments in virtually any currency in the world for only $2 a payment. You can even pay salaries of employees in other countries electronically.
Telpay partners with independent foreign exchange service providers to offer online quotations for the payments you wish to make. With Telpay for Business, payments can be made in currency of the destination country. For accounting purposes, immediate conversion takes place at Bank of Canada rates. When it is time to make the payments, your choice of broker is contacted via the internet and a quotation is provided. Once accepted, the payment will be made via the broker and Telpay will email the payment details to the supplier. Any adjustments that may be necessary between the Bank of Canada rate and actual rates will be incorporated into the journal entry generated. Employee payments are made using the funds transfer feature in Telpay for Business.
Payments from anywhere to Canada
Payments from another country to Canadian suppliers can be entered in Canadian dollars. You simply transmit your payment instructions to Telpay. Once Telpay receives the Canadian funds to cover the payments all payments will be made electronically the next day. If you do not have the bank account information for the supplier, Telpay will issue a cheque and request a bank account number for future payments.
With Telpay's International Payments service you will also be able to:
- Save on wire transfers, bank fees, paper and trips to the bank.
- Make all payments on one system and download the journal entry into your accounting package.
- Get instant competitive rate quotes anytime you need to make a payment in most foreign currencies.
Use the link below to sign up for an International Currency Exchange Account with our partner. Or contact them by phone:
Payline by Ice - 250.412.6158
Once you have created your account and signed up to use Telpay's International Payments service, you'll be able to use your Telpay for Business software to make electronic payments in most major international currencies — right from your desktop!
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Click here to download a PDF with further information or call 1.800.665.0302 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it
