What are Pre-Authorized Debits (PAD)?

Add funds to your Venn CAD or Venn USD accounts from your banks based in Canada.

Authorize withdrawals from your Venn CAD account when another party (like a biller) pulls funds using your EFT details.

Collect payments from your clients through invoices created on Venn (yourself becoming a biller) to pull funds of your client's CAD / USD accounts

Step 1: Go to Venn "Dashboards"

Step 2: Select "CAD Account"

Step 3: Select "EFT"

Step 4: Select "Account Documents"

Step 5: Select "Download account details [PDF]" and share your EFT account payment details for authorizing pre-authorized debits.

Step 1: Go to Venn "Dashboards"

Step 2: From the side menu bar, select "Add money"

Step 3: From the dropdown menu, select "Linked bank account"

Step 4: Select your linked bank account and add funds. You’ll receive an email with the estimated arrival date. In some cases, it may take an extra business day for bank clearance.

Step 1: Go to Venn "Dashboards"

Step 2: From the side menu bar, select "Add money"

Step 3: From the dropdown menu, select "Linked bank account"

Step 4: Select your linked bank account and add funds. You’ll receive an email with the estimated arrival date. In some cases, it may take an extra business day for bank clearance.

Step 1: Go to Venn "Create Invoice"

Step 2: Only if required, select "Add new customer". Otherwise, select from existing customer you have created for invoices

Step 3: Enter the invoice details, set a due date and select the recurring period to be either "One time", "Weekly", "Bi-Weekly", "Monthly" or "Quarterly".

Step 4: Only if required, you may preview the invoice by opening the "Preview invoice" URL link on a separate tab

Step 5: Send the invoice. Your customers will receive an email notification.