Payment Methods
Pay Anyone at Any Time with Any Method.
| Payment Method | Funds Available | Description | Payee |
|---|---|---|---|
EFT |
1-3 Business Days | Funds are deposited into a payee's bank account | Insureds/ Claimants Vendors / Service Providers Lienholders Motgagees |
Interac |
Within 30 mins | Funds are deposited into a payee's bank account (some limitations apply) | Insureds/ Claimants |
Virtual Claims Card |
Instantly | Funds are loaded to a virtual ClaimsCard® that is emailed to vendors and processed through their POS system | Vendors / Sevice Providers |
Paper Cheque |
4-6 Days | One Inc offers standard and same-day cheque printing allowing you to outsource your entire cheque printing operation | Insureds/ Claimants Vendors / Service Providers Lienholders Mortgagees |
Push to Debit |
< 5 min | Funds are pushed to an existing debit card | Insureds/ Claimants |
Physical Claims Card |
Instantly | Funds are loaded to a prepaid card that can be used instantly to make purchases wherever credit cards are accepted | Insureds/ Claimants |
growth in contactless payments are expected by 2026
of Canadian adults ages 15 - 44 own a smartphone
Customers using a digital service to purchase insurance
Of Gen Z are willing to switch insurers to gain access to instant claim payments
of organizations implementing real-time payment solutions reported an improved customer experience
One Inc reduces risk exposure by removing sensitive payment data from your network. PCI-DSS, PIPEDA, Payments Canada, compliant & more
