EFT Canada
EFT Canada (Accept/Pay Global Inc) is a Toronto-based, privately held payments technology firm providing cloud-based, multi-rail EFT processing, real-time disbursements, and white-label payment infrastructure to Canadian banks, credit unions, SMBs, lenders, and ISO partners.
- Company typePrivate
- Founded2003
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What EFT Canada does
EFT Canada, operating under the legal name Accept/Pay Global Inc, is a Toronto-based payments technology company founded in 2003 that delivers cloud-based Electronic Fund Transfer (EFT) processing for Canadian and US businesses. Its platform is browser-delivered, requires no software installation, and routes transactions across multiple payment rails including ACH (via NACHA), wire, card networks (Visa, Mastercard), and Canadian real-time payments (Interac), with 24/7 real-time reporting, automated one-time and recurring billing, bulk disbursements, and embedded compliance/security controls backed by FINTRAC and Revenu Quebec MSB registrations and Bank of Canada RPSP status.
The company monetizes through per-transaction processing fees and white-label/partner licensing revenue, operating four parallel go-to-market motions: enterprise direct sales to financial institutions, an ISO/reseller channel, an OEM/embedded white-label program, and a self-serve SMB web onboarding flow. Customer segments span banks and credit unions, small and medium businesses, lenders and alternative-finance providers, independent sales organizations, and technology partners embedding EFT under their own brand.
Operationally the company is small (11-50 employees), reports $30B+ in cumulative payment volume processed, claims 99.99% transaction success and API uptime, 99.51% customer retention, and 4.9/5 customer satisfaction, and is partnered with Elavon, U.S. Bank National Association, Visa, Mastercard, NACHA, and Interac at the network level, with mutual strategic ties to DC Bank, Apt-Pay Inc, and Softloan. Leadership consists of CEO Jonathan R. Pasternak and CFO Martin Kornbluth; the company is privately held with no disclosed funding, M&A, or institutional ownership.
EFT Canada firmographics
Firmographics- Name
- EFT Canada
- Legal name
- Accept/Pay Global Inc
- Website
- https://eftcanada.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EFT Canada (Accept/Pay Global Inc) is a Toronto-based, privately held payments technology firm providing cloud-based, multi-rail EFT processing, real-time disbursements, and white-label payment infrastructure to Canadian banks, credit unions, SMBs, lenders, and ISO partners.
- Ownership category
- akta.pro rank
EFT Canada industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where EFT Canada is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
EFT Canada business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction Processing Fees: Fees charged per transaction processed through the platform. Lower costs than credit card processing, making it cost-effective for businesses.
- White-Label/Partnership Licensing: Revenue from partners (banks, credit unions, ISOs) who white-label or resell the payment platform under their own brand.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Quote-based enterprise pricing |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels4 records
EFT Canada product offering
Product offeringCore offering
Accept/Pay Global Inc (operating as EFT Canada) provides a cloud-based electronic fund transfer (EFT) payment processing platform that enables businesses, financial institutions, credit unions, ISOs, and lenders to send and receive funds, automate billing and bulk disbursements, and access 24/7 real-time reporting through a browser-based interface requiring no software installation. The platform supports multi-network processing across ACH, wire transfers, direct deposits, and real-time rails such as Interac, and offers white-label customization so partners can deploy branded payment infrastructure.
Product overview
Accept/Pay Global (EFT Canada) is an electronic payment platform providing B2B payment solutions through a unified platform architecture. The core product is the EFT Payment Solutions platform, which includes modules for Small Business Solutions (bulk payments and automated billing), White Label Solutions (branded offerings), Banks & Credit Unions Solutions, ISOs Solutions, Real-Time Payments, and Payment Solutions for Partners. The platform operates via a cloud-based browser interface requiring no software installation, offering features including secure transaction processing, automated collections, and 24/7 real-time reporting.
Differentiator
Problem solved
Functional benefit
Products and services
- EFT Payment Solutions Core electronic fund transfer platform enabling businesses to send and receive funds with fast processing, security, and full transparency. Features browser-based interface, automated billing, and real-time reporting; targeted at merchants, financial institutions, and partners requiring B2B payment infrastructure.
- White Label Solutions White-label/embedded payment solution enabling banks, credit unions, and ISOs to offer Accept/Pay Global's payment capabilities under their own brand with full customization, integration support, and built-in security. Targeted at channel partners and resellers seeking branded payment products.
- Real-Time Payments Real-time payment processing capability enabling instant fund transfers and payouts through real-time payment rails including Interac, supporting online lenders, alternative finance providers, and modern financial platforms needing immediate disbursements.
Quantifiable outcome
- 99.99% transaction success rate
- +4 more outcomes
Companies that use EFT Canada
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
EFT Canada technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
EFT Canada partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- ElavoncoreElavon Payments Partner providing payment processing infrastructure and network access. Accept/Pay Global operates as part of Elavon's partner ecosystem.
- U.S. Bank National AssociationcoreRegistered Partner/ISO of the Canadian branch of U.S. Bank National Association, enabling access to banking infrastructure and payment rails.
- VisacorePayment network partner enabling card-based payment processing alongside EFT solutions.
- MastercardcorePayment network partner providing card payment processing infrastructure.
- NACHAcoreACH network operator partnership enabling Automated Clearing House transfers and ACH payment processing.
- InteraccoreCanadian real-time payment network partner enabling Interac transfers and instant payments for Canadian businesses.
- DC BankminorPartner financial institution using Accept/Pay Global payment solutions.
- Apt-Pay IncminorPartner company providing alternative payment solutions.
- SoftloanminorPartner fintech company providing lending solutions, integrated with Accept/Pay Global payment processing.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
EFT Canada competitors and assessment
Company assessmentBroad incumbents
- Plaid: Financial data and payments platform enabling ACH transfers, balance checks, and account-to-account payments. Comparable in serving fintech platforms and lenders with bank-rail payment infrastructure, though broader in data connectivity.
- Checkout.com: Global payment processor offering acquiring, payouts, and embedded payment APIs for platforms and marketplaces. Comparable in multi-rail processing and platform/partner distribution model, though at much larger scale.
- Stripe: Global payments platform serving businesses with payment processing, payouts, and embedded finance APIs. Comparable in providing multi-rail processing and developer-friendly APIs, though at vastly larger scale and broader geographic footprint.
- Square (Block): Payments and financial services platform serving SMBs with card processing, instant deposits, and embedded banking. Comparable for SMB payment processing and real-time disbursement use cases that compete with EFT Canada's small business offering.
- Bambora (Worldline): Payment processor serving Canadian and European merchants with acquiring and EFT solutions. Comparable as a multi-rail payment processor with white-label/partner capabilities, but operates at much larger scale as part of Worldline.
- PayPal Canada: Global digital payments platform with significant Canadian SMB and consumer footprint. Comparable in providing payment processing, disbursements, and partner/white-label capabilities for Canadian merchants.
Direct peers
- Moneris: Canada's largest payment processor serving SMBs and enterprises with card and EFT processing. Directly comparable to EFT Canada as a domestic Canadian payments infrastructure provider with multi-rail capabilities.
- VoPay: Canadian payment platform providing embedded payments, real-time disbursements, and white-label APIs. Closely comparable business model to EFT Canada, focused on B2B payouts and embedded payment infrastructure for financial institutions and platforms.
- Dwolla: U.S.-based ACH and real-time payment infrastructure provider focused on payouts, disbursements, and B2B money movement. Highly comparable product focus on bank-to-bank EFT and payouts infrastructure for platforms and lenders.
Regional players
- Interac: Canadian debit card network and real-time payment rail (Interac e-Transfer). Comparable as a Canadian payments rail provider, though operating at network level rather than as a B2B payment processor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
EFT Canada social profiles
Digital presenceEFT Canada compliance and trust
Trust signalCompliance1 record
EFT Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
EFT Canada leadership team
Management profileNumber of profiles
Profiles2 records
EFT Canada funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EFT Canada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EFT Canada
What does EFT Canada do?
Accept/Pay Global Inc (operating as EFT Canada) provides a cloud-based electronic fund transfer (EFT) payment processing platform that enables businesses, financial institutions, credit unions, ISOs, and lenders to send and receive funds, automate billing and bulk disbursements, and access 24/7 real-time reporting through a browser-based interface requiring no software installation. The platform supports multi-network processing across ACH, wire transfers, direct deposits, and real-time rails such as Interac, and offers white-label customization so partners can deploy branded payment infrastructure.
Is EFT Canada a public or private company?
EFT Canada is a private company. It is classified as unknown and is currently operating.
When was EFT Canada founded?
EFT Canada was founded in 2003. It employs 11 to 50 people.
Where is EFT Canada based?
EFT Canada is headquartered in Toronto, Canada, in the North America region.
How does EFT Canada make money?
Two revenue lines are on record. Transaction Processing Fees are the primary driver. The others are white-Label/Partnership Licensing.
Who are EFT Canada's main competitors?
Broad incumbents on record are Plaid, Checkout.com, Stripe, Square (Block), Bambora (Worldline) and PayPal Canada. Direct peers are Moneris, VoPay and Dwolla. Interac is listed as a regional player.
Does EFT Canada have an API?
No public API is recorded for EFT Canada.
What industry is EFT Canada in?
EFT Canada's product category is Payment Processing. Its primary akta.pro industry code is FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 522320 and its SIC code is 6199.