The pandemic gave way to the popularity of digital payment methods, making paper cheques feel like old news. Canadian small-to-medium enterprises (SMEs) are waiting weeks to receive cash flow when they use paper cheques as a form of international payment. This delay causes manufacturing and shipping times to slow down, making the process worse for everyone involved.
While cheques have been a common way to make business transactions for decades, they are becoming outdated with the creation of more convenient banking alternatives. It’s time for your company to ditch paper cheques and find a digital payment method.