Helcim Enhances Merchant Funding with Innovative Gross Deposits

Helcim's New Approach to Merchant Funding

Helcim has unveiled a groundbreaking system called gross deposits, designed to transform how merchants manage their finances. This innovative funding method offers a more straightforward way for businesses to receive their funds. Unlike the conventional net deposit system, where fees are subtracted before deposits, gross deposits ensure that merchants receive their entire sales amount straight into their bank accounts. The fees are then deducted on the same day, allowing for greater clarity and ease of tracking.

Streamlined Financial Management

This significant change stems from valuable insights provided by merchants who wanted a better financial experience. Helcim's gross deposits aim to simplify the reconciliation process and help businesses maintain accurate financial records. By providing clear and easy-to-track financial data, merchants can now rid themselves of the complications associated with mixed entries or untraceable deductions.

Benefits for Small and Medium-Sized Businesses

Understanding the distinct needs of small and medium-sized businesses, Helcim has tailored this system to cater specifically to them. With gross deposits, these businesses can easily monitor their earnings daily. By knowing exactly what amounts are being deposited, merchants can plan their finances more effectively, ensuring they remain financially agile and responsive to their needs.

Empowering Merchants with Transparency

According to Nic Beique, the CEO of Helcim, the introduction of gross deposits is all about empowerment. "We built gross deposits to give our merchants more control and transparency, helping them manage their finances more effectively," he stated. This feature addresses critical issues and positions Helcim as a highly attractive option for businesses contemplating a switch in payment platforms while still adhering to their current accounting practices.

Revolutionizing Payment Experiences

With numerous businesses relying on Helcim's services, the gross deposit system is expected to significantly improve the overall payment experience. By prioritizing clear financial reporting and predictable funding, Helcim continues to garner trust and loyalty among its client base, which spans across diverse industries.

About Helcim

Helcim is dedicated to becoming the world's most cherished payments company, arming small businesses with the tools they need to thrive. By providing a smarter, more accessible payment experience enriched with a human touch, Helcim empowers countless enterprises across Canada and the US. These businesses trust Helcim as they process billions in payments annually, marking their presence across 800 different industries.

Frequently Asked Questions

What are gross deposits?

Gross deposits are a new funding system introduced by Helcim that allows merchants to receive their full sales amounts without fees being deducted upfront.

Who benefits from the gross deposit system?

Small and medium-sized businesses particularly benefit from this system as it provides clarity in financial reporting and predictable funding.

How does this change impact financial management?

The gross deposit system simplifies reconciliation and allows merchants to have an overview of their daily earnings, which enhances financial planning.

What are the goals of Helcim with the new feature?

Helcim aims to provide merchants with more control and transparency over their finances, addressing previous pain points within the payment process.

How can I learn more about Helcim's services?

For further information about Helcim and its offerings, you can visit their official website.

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