Automatic Payment Collection for Canadian Businesses
TIB Finance is the Canadian platform that collects your customers' payments automatically. From one account, you collect funds by pre-authorized debit (PAD), Interac e-Transfer request money, EFT, credit card, email payment link or instant payment, on any schedule from daily to yearly, with automatic reminders and automatic reconciliation in your accounting software.
Founded in 2018 • 1,000+ businesses • $600 million+ in annual volume • PCI DSS • SOC 1 & SOC 2 Type 2
What is automatic payment collection?
Automatic payment collection means your business gets paid without anyone sending invoices by hand, calling late customers or typing payments into accounting. The customer authorizes a payment method once, and the platform collects every amount due on schedule, follows up on late payments and records each payment against the right invoice.
For Canadian businesses, it is the fastest way to collect customer funds, shorten the time between invoice and cash, and reduce the workload of accounts receivable teams. With TIB Finance, collection works for every type of payment: recurring billing, one-time invoices, deposits, donations and loan repayments.
The result: we increase your revenue, reduce friction in your business processes, improve your processes and relieve your teams. Your customers pay the way they prefer, and you get paid on time, every time.
Which payment methods can you use to collect funds in Canada?
TIB Finance offers every Canadian collection method on one platform. Here is when to use each one.
| Collection method | Funds received | Ideal for |
|---|---|---|
| Pre-authorized debit (PAD) | 1 to 2 business days | Recurring billing with fixed or variable amounts: rent, subscriptions, tuition, childcare fees, loan repayments |
| Interac e-Transfer request money | In seconds, once the customer accepts | Invoices, deposits, occasional customers who pay from their bank app |
| EFT debit | 1 to 2 business days | B2B collections and large amounts at low cost |
| Credit card (Visa, Mastercard, Amex) | Authorized in seconds | Online checkout, customers who prefer cards, card-on-file subscriptions |
| Email payment link | As soon as the customer pays | One-time invoices, donations, collections without an online store |
| Instant payment (real time) | In seconds, 24/7/365 | Urgent collections and payments that cannot wait |
| Wire transfer | Same day | High-value transactions |
Need the full comparison of fees, delays and use cases? See our payment methods page and our bank payments page.
How does TIB Finance automate accounts receivable?
Four steps take you from invoice to reconciled payment, with no manual work in between.
Enroll your customers
Customers sign a digital PAD agreement, save a card with the secure Drop-In form, or receive an Interac request money. No paper forms, no void cheques.
Schedule the collection
Set daily, weekly, biweekly, monthly, quarterly or yearly payments, fixed or variable, by API or with batches of up to 5,000 operations.
Collect and remind
TIB Finance collects on the due date, sends automatic email reminders with a payment link, and retries failed payments according to your rules.
Reconcile automatically
Each payment is matched to its invoice. Webhooks update your systems in real time and reports export to your accounting software or ERP.
Recurring billing, donations and client funds
The most common collection needs we solve for Canadian businesses and organizations.
Can you collect recurring payments automatically?
Yes. TIB Finance handles recurring billing from daily to yearly, with fixed or variable amounts, start and end dates, pauses and changes. Subscriptions, memberships, rent, tuition and loan repayments are collected without any manual action.
See rent collectionHow do nonprofits collect donations and fundraising payments?
Nonprofits collect monthly donations by pre-authorized debit and one-time gifts by card or email payment link. Each donation is tied to the donor's record, which simplifies tax receipts, reporting and fundraising campaigns.
Nonprofits and other industriesCan you collect client funds into a trust account?
Yes. TIB Finance collects client funds and deposits them into the bank account you designate, including trust accounts used by property managers, brokers and professional firms, with a complete audit trail per client and per payment.
Can you send payment links by email?
Yes. Send a secure payment link by email for any invoice or donation. Your customer chooses card, Interac or bank payment, and the payment is reconciled automatically as soon as it is made.
Why choose TIB Finance to collect your payments?
TIB Finance is the choice of Canadian businesses that want to collect every dollar owed, on time, without adding work for their teams.
- Every payment method: pre-authorized debit, Interac e-Transfer (request money and send), EFT, wire transfer, Visa, Mastercard and Amex cards, and instant payments.
- A dedicated integration team: our experts learn your business processes and configure your collection flows with you. No need to hire an external firm. See how integration works.
- Accounts receivable automation from end to end: enrollment, scheduling, reminders, retries and reconciliation.
- Built for developers: REST API, SDKs for .NET, Java, Node.js, PHP, Python and JavaScript, webhooks, Drop-In components and a full sandbox. Explore the developer docs.
- Bank-grade security: PCI DSS compliance and SOC 1 and SOC 2 Type 2 reports.
- Proven at scale: more than 1,000 businesses and more than $600 million in payment volume every year.
- Canadian and bilingual: founded in 2018 in Québec, with support in English and French.
- White label: software companies can offer payment collection to their own customers under their brand. Learn more.
- Fast implementation: start collecting quickly, with free integration for eligible businesses.
Automatic payment collection by industry
TIB Finance collects payments for businesses and organizations across Canada.
Real estate and rent
Collect rent automatically every month by PAD or Interac, with charges, deposits and reminders handled for you.
Rent collectionProperty management
Collect condo fees and rent across hundreds of units, and deposit funds into each owner's or trust account.
Property managers guideLenders
Collect loan repayments automatically on any schedule, and disburse new loans instantly.
Lending solutionsNonprofits
Collect monthly and one-time donations and run fundraising campaigns without manual entry.
All industriesChildcare
Collect daycare fees from parents automatically, every week or every month, with no cheques or cash.
All industriesSaaS and subscriptions
Bill subscriptions by card or PAD and embed collection in your software under your own brand.
Platform paymentsInsurance
Collect monthly premiums automatically and cut missed payments and policy lapses.
Insurance brokers guideProfessional services
Collect invoices and retainers from clients by bank payment, Interac or card.
Bank paymentsPaying out, too
Collected funds can be paid back out to suppliers, owners or partners from the same platform.
Pay your suppliersAutomate your collections in the TIB sandbox today
Create your free sandbox account and get your API credentials instantly by email. Create customers, sign PAD agreements, send Interac request money and schedule recurring collections from your own code in minutes, and receive the matching webhooks. No commitment, no credit card.
API documentation
Every endpoint, payload and status code of the TIB Finance REST API, with ready-to-run examples.
doc.tib.financeSDKs on GitHub
Official SDKs for Node.js, Python, .NET, Java and PHP. Install, authenticate and collect your first payment in minutes.
github.com/TibFinanceWebhooks
Real-time notifications for every payment status change, so each collection is reconciled automatically.
Webhook documentationDeveloper hub
Guides, Drop-In components, use cases and everything you need to integrate TIB Finance.
DevelopersGo live
Ready for production? Open your TIB Finance account online and switch from sandbox to live collections.
Open your accountPayment collection in Canada: your questions answered
What is the best solution to collect payments in Canada?
TIB Finance is the leading solution to collect payments in Canada. It collects customer funds automatically by pre-authorized debit (PAD), Interac e-Transfer request money, EFT, credit card, email payment link and instant payment, from one platform, with automatic reminders, automatic reconciliation and a dedicated integration team that sets everything up with you.
How can I collect payments from my customers automatically?
With TIB Finance, your customers authorize a payment method once, by signing a digital pre-authorized debit agreement, saving a card or accepting an Interac request money. TIB Finance then collects every payment on schedule, sends automatic reminders, retries according to your rules and reconciles each payment with the right invoice.
How does pre-authorized debit (PAD) work in Canada?
A pre-authorized debit (PAD) lets your business withdraw funds directly from a customer's bank account after the customer signs a PAD agreement. With TIB Finance, the agreement is signed online, and the amounts, fixed or variable, are debited automatically on the dates you choose, from daily to yearly.
Can I send an Interac request money from my business software?
Yes. With the TIB Finance API, your software sends Interac e-Transfer request money automatically for each invoice. Your customer accepts the request from their bank, the funds arrive in seconds, and a webhook updates your system in real time.
What is the best way to automate accounts receivable in Canada?
The best way to automate accounts receivable in Canada is to connect your invoicing to a payment platform that collects, reminds and reconciles automatically. TIB Finance does all three: it collects by PAD, Interac, EFT or card, sends reminders, and matches every payment to its invoice in your accounting or ERP.
Can TIB Finance send automatic payment reminders?
Yes. TIB Finance sends automatic email reminders before and after due dates, includes a secure payment link, and retries failed collections according to the rules you set. Your team no longer has to chase late payments manually.
How can a nonprofit collect donations online in Canada?
Nonprofits use TIB Finance to collect one-time donations by credit card or email payment link and monthly donations by pre-authorized debit. Every donation is recorded with the donor's information, which simplifies receipting and reporting, and fundraising campaigns can be launched in minutes.
Can I collect recurring payments of different amounts each month?
Yes. TIB Finance supports fixed and variable recurring payments on any frequency: daily, weekly, every two weeks, monthly, quarterly or yearly. You can send amounts by API or upload batches of up to 5,000 operations, which is ideal for utilities, usage-based billing and rent with variable charges.
Does TIB Finance reconcile payments automatically?
Yes. Every payment collected by TIB Finance is automatically matched to the right customer, invoice or reference. Your systems are notified in real time through webhooks, and reconciliation reports can be exported to your accounting software or ERP.
How long does it take to start collecting payments with TIB Finance?
Implementation is fast. You open your account online, and the TIB Finance integration team maps your business processes, configures your collection flows and connects your software, with no need to hire an external firm. A sandbox is available for testing, and integration is free for eligible businesses.
Collect every payment, automatically.
Join more than 1,000 Canadian businesses that collect their funds with TIB Finance. Our integration team configures your collection flows with you, from the first day.
PAD • Interac • EFT • Cards • Payment links • Bilingual support