Introducing Helcim Faster Deposits

I'm excited to announce that we’re tackling one of the biggest challenges small and mid-sized businesses face: getting paid faster with the launch of Helcim Faster Deposits.

For too long, the payments industry has operated on timelines that don't match the speed of small business. Waiting days for revenue to settle? At Helcim, we're not just tweaking the system; we're transforming it. We believe waiting 1-3 business days for funds from credit card transactions is an outdated relic, and we're replacing it.

Simple, automatic, and free!

This isn't a feature our merchants need to chase down, sign up for, or pay extra to access. If a business banks with an eligible institution in Canada or the US, Faster Deposits will automatically activate after their first few successful payment batches with Helcim. There’s nothing merchants need to do on their end – it just works, seamlessly accelerating their cash flow.

Behind the scenes, we’re leveraging cutting-edge real-time payment rails, Interac e-transfer (in Canada), RTP and FedNow (in the U.S.), to speed up the movement of funds directly into merchant bank accounts. For small business owners, the process remains unchanged operationally; they'll simply see their money arrive significantly faster.

Why faster deposits matters to small businesses

Faster access to revenue means more control and less uncertainty. It provides the predictability small business owners need to:

• Manage expenses confidently: Pay suppliers, cover payroll, and handle operating costs without agonizing over cash flow gaps.
• Restock and reinvest quicker: Keep shelves full and reinvest profits back into growing the business sooner.
• Gain peace of mind: Reduce the stress associated with waiting for funds and focus on what they do best – running their business.

This initiative goes straight to the heart of our vision at Helcim: empowering small businesses with transparent, affordable tools designed for growth. Faster Deposits directly supports this by simplifying financial operations and putting merchants firmly in control of their revenue cycle.

Transparency and affordability first - always

Merchants might see other payment processors offering accelerated deposit options, but these typically come with hefty hidden fees, sometimes as much as 1-2% per transaction. That approach fundamentally clashes with everything Helcim stands for.

We believe essential features that support your business's financial health shouldn't come at a premium. Helcim Faster Deposits are completely free. It’s another example of our commitment to providing powerful payment tools with fair, transparent pricing. No hidden fees, no complex tiers – just easier, more affordable payments.

Ready for faster funding?

We’re now rolling out Faster Deposits in beta phases across our merchants, with full access for all merchants by summer 2025. We're incredibly excited to bring this significant upgrade to the entire Helcim community. Merchants interested in early access to sign-up for our beta here.

We built Faster Deposits because everyday merchants told us how critical faster funding was. Seeing this feature now rolling out, and knowing the positive impact it will have on small business owners is immensely motivating for the entire Helcim team.

It’s another step on our journey to becoming the world’s most loved payments company.