RBC PayEdge for Accounts Payable Automation

Q: Is RBC PayEdge secure?

Absolutely, all payments are made directly from the funding source of your choice to suppliers’ bank accounts. This is made possible because RBC PayEdge is connected to existing banking infrastructure and is thereby held to the highest financial security standards. RBC PayEdge exceeds all Payment Card Industry (PCI) standards and is subject to annual compliance audits. RBC PayEdge utilizes enhanced encryption going above industry-standard procedures for payments to eliminate exposure of sensitive data.

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Built for Businesses. Loved by Bookkeepers and Accountants.

Businesses of all sizes can benefit from RBC PayEdge, even without banking with RBC. Discover the benefits of a convenient end-to-end payments and reconciliation solution designed to help you do more.

Combine funding sources from nearly any Canadian bank account, credit card or credit union.

Access all your funds from any of your Canadian bank accounts and Mastercard or Visa credit cards and pay multiple suppliers and invoices in one payment order.

Easily set up suppliers and pay them in the format they prefer.

Download supplier information from your accounting or ERP solution or create supplier records within RBC PayEdge. Plus, gather important supplier information—like banking details and preferred payment method—and securely store for easy access to your supplier payments information.

Integrate RBC PayEdge with your accounting platform to reduce manual work.

Enjoy seamless integration with most accounting and ERP software —including QuickBooks Online, Sage and Xero— to pay invoices, reconcile payment information easily and simplify your payments workflow.

Send payments globally.

Make simple, trackable and secure international payments and know exactly what you will pay upfront^Disclaimer1 based on your pricing package.

Make payments in multiple ways.

You can pay suppliers by wire transfer, Interac e-Transfer, Electronic Funds Transfer (EFT), USD cross-border Automated Clearing House (ACH), EUR International Payment, bill payment and cheque. Suppliers don't need to be RBC clients to receive payments.

Use your credit card to make payments, even for suppliers who don’t accept credit cards.

Easily fund payments using your credit card—and make use of any incentives, cash back or rewards programs that come with it.

How it Works

Once you’re enrolled, setting up RBC PayEdge is simple:

Add Funding Sources: Set up your accounts to access funding and combine available balances from any Canadian bank account or credit card.

Set Up Suppliers: Easily set up your suppliers’ information to highlight how they want to be paid, and to ensure they automatically receive remittance information when a payment is made.

Sync Your System: Integrate with your existing accounting software.

Create and Send Payment Orders: Pay multiple suppliers and invoices in a single payment order, using any combination of funding sources registered with your RBC PayEdge account. Suppliers also receive detailed remittance information and payments are reconciled to your accounting platform.

Once you’re enrolled, setting up RBC PayEdge is simple:

Add Funding Sources

Set up your accounts to access funding and combine available balances from any Canadian bank account or credit card.

Set Up Suppliers

Easily set up your suppliers’ information to highlight how they want to be paid, and to ensure they automatically receive remittance information when a payment is made.

Sync Your System

Integrate with your existing accounting software.

Create and Send Payment Orders

Pay multiple suppliers and invoices in a single payment order, using any combination of funding sources registered with your RBC PayEdge account. Suppliers also receive detailed remittance information and payments are reconciled to your accounting platform.

FAQs

What is RBC PayEdge?

RBC PayEdge is a cloud-based accounts payable solution that helps businesses streamline their accounts payable processes. RBC PayEdge reduces manual tasks, seamlessly connects to leading accounting and ERP platforms, and optimizes the reconciliation and approvals processes.

Do I need to have all my banking with RBC to use RBC PayEdge?

No, you don’t need to have your bank accounts with RBC to use RBC PayEdge.

Is RBC PayEdge secure?

As a cloud-based platform, RBC PayEdge exceeds all Payment Card Industry (PCI) standards and is subject to annual compliance audits. RBC PayEdge utilizes enhanced encryption going above industry-standard procedures for payment transactions and leverages a world-class cloud computing infrastructure provider.

Can I use my Credit Card to pay my supplier and how does it benefit me?

You can use your Visa and MasterCard to fund payments through RBC PayEdge. There is a 2.3% fee on the funds you source from your credit card, charged at the time of the transaction. You may also be able to make use of incentives, rewards or cashback programs[1], if applicable, that come with your credit card.

By using your credit card to fund your RBC PayEdge Wallet, you give yourself the extra time to pay your suppliers by leveraging your credit card billing cycle. Additionally, some suppliers may offer rebates or incentives for early payments that you can make the most of by using your credit card.

[1] Credit card rewards may be earned in accordance with the applicable cardholder agreement or other applicable terms and conditions between you and the credit card issuer.

Which accounting solutions does RBC PayEdge integrate into?

RBC PayEdge seamlessly integrates with QuickBooks, Sage and Xero.

How does RBC PayEdge help manage my supplier information?

RBC PayEdge allows you to download supplier information from your accounting or ERP solution or create supplier records within RBC PayEdge. It also helps you gather important supplier information like banking details and securely stores it to help enable supplier payments and send supplier information.

What payment types can I make to my suppliers with RBC PayEdge?

RBC PayEdge gives you the flexibility to pay your local and international suppliers in multiple ways. The different payment methods supported by RBC PayEdge are

Electronic Fund Transfers (EFT)
Email Money Transfer/Interac e-Transfers (Canada)
Wire Transfer/International Wire Transfer
Cross-border ACH
International Payment
Cheque
Bill Payment

How can I hold funds with RBC PayEdge?

RBC PayEdge allows you to add funds from your bank accounts or credit cards to a virtual wallet. This is a great way to reduce payment processing times.

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How to Get Started

Want More Information?

Explore the full capabilities
of RBC PayEdge.

Gain Access

Get an RBC PayEdge Business
account today.

Get Support

Reach out to an
RBC PayEdge team member.

Help & Support

How to Get Started

Want More Information?

Explore the full capabilities
of RBC PayEdge.

Gain Access

Get an RBC PayEdge Business
account today.

Get Support

Reach out to an
RBC PayEdge team member.

Help & Support

View Legal DisclaimersHide Legal Disclaimers

^®/TM

Trademark(s) of Royal Bank of Canada.

^‡

All other trademarks are the property of their respective owner(s).

Costs will be based on your pricing package. Note: For wire payments, the beneficiary’s financial institution may also, at its option, deduct a processing fee from the proceeds of wire payments.

RBC PayEdge for Accounts Payable Automation

Effortless Payments Every Single Time

Effortless Payments Every Single Time

Built for Businesses. Loved by Bookkeepers and Accountants.

How it Works