If your business processes batch payments, you know the pain. Getting payment data into the right file format, making sure it’s compliant with your bank’s requirements, and doing it all securely. It’s tedious, error-prone, and often involves expensive tools, manual workarounds or outdated desktop tools.
API2EFT eliminates that problem.
How It Works
Programmatically send your credit and debit data to our secure API endpoints. Get back a bank-ready EFT file. That’s it. You can then upload it to your bank or integrate it into your financial systems for communication with your bank.
Email us to request your API key. We’ll send you a trial key for your sandbox use.
API2EFT generates files compliant with:
- ACH: the standard for U.S. bank EFT processing
- CPA-005: the standard for Canadian banks
100% Secure. 100% Private.
Your payment data is never stored. API2EFT processes your request and returns the file. Nothing is retained on our servers. No databases. No logs of your financial data. You send it in, you get your file back, and that’s the end of the transaction.
API2EFT is 99% Less Than Other 3rd Party Service Providers.
Because API2EFT is a simple API call away, we charge a flat monthly fee no matter how many transactions or files you wish to process. API2EFT flat fee replaces expensive “Per Transaction” costs.
If you are paying $1.50 per transaction to collect rent from 6,500 residents, that’s a $9,750 fee you’re paying to your service provider.
Yikes!
API2EFT is only $125/month for unlimited files and transactions.
Who Is It For?
API2EFT was born in the property management world, where firms use it for rent collection and owner disbursements.
But there’s nothing property-management-specific about generating EFT files. Any business that processes batch payments through Canadian or U.S. banks can use API2EFT.
Here are a few examples:
- Payroll providers generating direct deposit files
- Subscription businesses collecting recurring payments
- Associations and nonprofits processing member dues
- Accounting firms handling client disbursements
- Lending companies issuing loan payments
- Any SaaS platform that needs to integrate EFT generation into its own product
If you’re currently building EFT files by hand, using spreadsheets, or relying on clunky desktop tools, API2EFT is a modern, secure alternative.
CPA-005 and ACH: One API, Two Standards
Most EFT solutions focus on one country. API2EFT supports both.
CPA-005 is the file format required by Canadian financial institutions for electronic funds transfers. ACH (Automated Clearing House) is the equivalent standard used by U.S. banks. With API2EFT, you use the same API for both. If your business operates on both sides of the border, or if you’re building software that serves clients in both countries, you don’t need two different solutions.
CSV2EFT: The Desktop Alternative
Not every team needs an API integration. For those who prefer a simpler workflow, our CSV2EFT desktop application for Windows is still available. Upload a CSV file with your payment data, and CSV2EFT returns a compliant EFT file ready for your bank.
Same CPA-005 compliance. Same reliability. Just a different way to get there.
Get Started
API2EFT is available now. Whether you want to integrate it into your existing systems or explore what it can do for your payment workflows, we’d love to hear from you. Email info@aarghsoftware.com.