PAD Payments, also known as Pre-Authorized Debits (PAD), is available through Stripe and allows businesses to debit clients through bank-to-bank transfers in CAD currency with recurring payments.
Details
- Availability - For businesses based in Canada that already have Stripe set up
- Transaction Fee - 1% + $0.40 per transaction with caps available for Select plans
- Processing / Payout Schedule - Payments are processed and settled depending on whether it’s your first payout or not, and your business’ location
- Chargebacks - Review Stripe’s disputes and fraud process here
Activate PAD Payments on Invoices
PAD Payments can be activated on any recurring template where the currency is in CAD ($) with the below steps:
- If you have not yet set up Stripe, complete the steps to accept online payments with Stripe first
- When creating a recurring template, under Settings, select Accept Online Payments
![Accept online payments under settings on invoice.]()
- Under Stripe, check off the box next to Accept Pre-Authorized Debit
![Checkbox checked off next to accept Pre-Authorized Debit.]()
- Choose between Business Debit (goods and services related to your business) or Personal Debit (goods and services for consumers)
- Select Done to finish and resume creating your recurring template as needed.
Client View
As a client, open the link to the generated invoice from the recurring template, and use these steps to pay using Pre-Authorized Debit:
- On the invoice, select the Pre-Authorized Debit sub-tab
![Pre-authorized debit tab on payment form of invoice.]()
- Then select the Pay $xx.xx button
- In the Stripe payment window, enter your Email and your Name, then select the Pay $xx.xx button
![Email and name fields to fill out.]()
- Select either:
-
Agree to confirm linking your bank account with online login credentials
![Agree button to connect bank account.]()
- Choose your Bank
- Enter your Bank’s Username and Password, then select Continue
- Answer any security questions as needed
- Select the account to pay from, then select Continue
- Confirm your Pre-Authorized Debit details then select Pay $xx.xx to finish
- Or select Manually Verify below the Agree button to use micro-deposits instead
![Manually verify link below agree button.]()
- Enter the Institution Number
- Then enter the Transit Number, Account Number and select Submit
- Review the micro-deposit details and select Confirm
- Then confirm your Pre-Authorized Debit details and select Pay $xx.xx to finish
-
Agree to confirm linking your bank account with online login credentials
- An email will be sent confirming the terms of the Pre-Authorized Debit payment.
FAQs
What’s the difference between Business Debit and Personal Debit?
There are two types of PAD Payment accounts, depending on who your clients are:
- Personal Debit - Used for goods or services provided to your clients who are consumers
- Business Debit - Used for goods or services related to your business, like payments between vendors, distributors/suppliers, dealers/manufacturers, commercial activity and more