Last Updated
Overview
Jetpay offers a modern solution for Canadian businesses to manage electronic funds transfers efficiently. It does not include broader HR functions like talent management; however, this allows for a deep focus on payment logistics. Its ability to handle limitless batch payments makes it ideal for simplifying complex financial workflows.
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Starting Price
Custom
Jetpay Specifications
- Alerts/Notifications
- Compliance Management
- Compensation Management
- Employee Information Management
What Is Jetpay?
Jetpay is a Canadian Electronic Funds Transfer (EFT) solution designed to simplify and accelerate business-to-business payments. For HR and finance departments, it addresses the pain points of traditional payment methods. By offering features such as limitless fund transfers and batch processing, Jetpay software enables businesses to execute large payroll runs and mass contractor payments in a single, streamlined operation. Overall, it eliminates the need to break up payments due to bank-imposed limits.
Jetpay Pricing
Jetpay Integrations
Who Is Jetpay For?
Jetpay is ideal for U.S. and Canadian businesses that need to manage high-volume or high-value B2B payments efficiently.
Is Jetpay Right For You?
Jetpay is the right fit for Canadian businesses seeking to modernize their payment operations. If your HR or finance team spends significant time managing wire transfers or splitting e-transfers to meet bank limits, Jetpay offers a definitive embedded payments solution. Its standout capability for executing limitless, secure EFT payments in batches provides a direct path to increased efficiency and reduced administrative burden. Moreover, it is a secure and reliable choice, given the fact that it supports 256-bit SSL encryption, two-factor authentication, and advanced fraud detection algorithms.
Still not sure about Jetpay? Contact our support team at (661) 384-7070 for further guidance.
Jetpay Features
Limitless Fund Transfers
This feature allows businesses to process large-scale financial transactions without being constrained by the daily or per-transaction limits imposed by traditional banks. It is ideal for executing substantial payroll runs, executive bonuses, or capital distributions in a single, seamless operation, ensuring timely and complete payments.
Batch Processing
The software enables users to drastically reduce administrative workload by paying hundreds of vendors, contractors, or employees simultaneously. Users can upload a single file to initiate multiple payments at once, eliminating tedious manual data entry and lowering the risk of errors in complex payment runs.
Real-Time Payment Tracking
This feature helps users gain complete visibility into their financial pipeline with end-to-end payment tracking. Both the sender and the recipient receive automated email notifications and a unique tracking link. In this regard, it provides clarity on payment status and eliminates time-consuming follow-up inquiries about fund locations.
Dual Approval Workflow
Jetpay enhances financial security and internal controls with a mandatory two-step verification process. It ensures that no payment is sent without review and authorization from a second party, adding a critical layer of oversight that helps prevent errors and fraudulent transactions.
Bank-Grade Security
The platform protects sensitive financial data with a multi-layered security framework. FINTRAC regulates it, undergoes SOC 1 and SOC 2 audits, and utilizes Canadian-hosted servers. It ensures that all transactions meet stringent compliance standards and that data is protected under Canadian law.
Pros And Cons of Jetpay
Pros
Supports real-time payment processing tools
Complies with robust Canada-specific security regulations
Facilitates with dual-approval financial controls
Cons
More payment-niche focused than overall HRIS functionalities
Does not offer an automated tax filing service
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Frequently Asked Questions
Who are the typical users of Jetpay?
The typical users of Jetpay are Canadian businesses that need to manage high-volume or high-value B2B payments efficiently.
Does Jetpay have a mobile app?
No, Jetpay does not offer a dedicated mobile app; however, it is a mobile-friendly platform accessible via on mobile devices.
What types of pricing plans does Jetpay offer?
The Jetpay price is customizable as per the specific needs of each business. So, request a personalized Jetpay pricing quote for your business.
What level of support does Jetpay offer?
Jetpay software provides support through email, form submission, and a help center.
What language does Jetpay support?
Jetpay is primarily available in English.
What other apps does Jetpay integrate with?
Jetpay supports integration with Flinks.
Does Jetpay offer an API?
Yes, Jetpay offers an API.