Pre-authorized Debits (PAD) in Canada offer a seamless way for consumers to automate recurring payments directly from their bank accounts. This method is ideal for regular, fixed payments such as utility bills, insurance premiums, and mortgage payments. PAD ensures payments are made on time, reducing the hassle of manual payments and the risk of incurring late fees. It's a convenient, secure, and efficient way to manage monthly financial commitments.
See how businesses are using Spreedly to connect their payment ecosystem.
See how businesses are using Spreedly to connect their payment ecosystem.