#Canada #Calgary #Small Businesses #Helcim #Faster Deposits

Helcim's Revolutionary Faster Deposits: A Boon for Small Enterprises

In a groundbreaking move aimed at supporting small and medium-sized businesses, Helcim has introduced its new feature, Faster Deposits. This initiative aims to give merchants immediate access to their funds the very next business day, all without imposing any additional fees. This shift comes at a crucial time when small businesses are struggling to navigate traditional payment processing systems that often hold up funds for several days.

While most payment processors maintain settlement timelines of up to three business days, and frequently charge between 1% to 2% for expedited access, Helcim's offering stands apart. The innovative design of Faster Deposits eliminates unnecessary fees and complexity, allowing for quicker transaction processing. By harnessing real-time payment networks like FedNow, the RTP network, and Interac Instant, the feature guarantees speedy transfers across North America, enabling business owners to keep their operations running smoothly.

Nic Beique, the CEO and Founder of Helcim, emphasized the importance of this feature, stating that “waiting days for funds can impact everything—from making payroll to replenishing inventory.” The feedback from business owners has clearly shown that speed in accessing funds translates to more efficient operations, and Helcim’s response is to remove barriers that stand in the way of business growth.

Seamus, Helcim's VP of Product, echoed this sentiment, stating, “We believe faster access to your money shouldn’t come with extra fees. While competitors charge up to 2% for quicker deposits, we are providing next-business-day access completely free, ensuring that our merchants can grow their businesses without worrying about hidden costs.” This speaks volumes to Helcim's commitment to enhancing the financial landscape for small businesses, allowing them to reinvest confidently and concentrate on their core operations rather than waiting for payments.

Faster Deposits will initially be rolled out in the U.S. using FedNow and the RTP networks, with plans for Canadian merchants to gain access through Interac Instant by Summer 2025. As Helcim continues to implement these changes, the target is clear: simplify the payment process significantly and bolster the growth potential of small businesses.

By making immediate access to funds a standard practice rather than a premium service, Helcim sets a new precedent in the payments industry. The company remains on its mission to be the most loved payments provider in the world, aimed at equipping small businesses with advanced tools and transparent pricing models.

For those interested in learning more about Faster Deposits and how Helcim is supporting small businesses, further details can be found on their official website.

As the payments landscape continues to evolve, it's clear that initiatives like Faster Deposits will play a key role in shaping how businesses manage their cash flow and financial planning. For small business owners ranging from food trucks to law firms, this could mean a more seamless and efficient operational framework, allowing them to thrive in a competitive market.