Calgary-headquartered fintech firm Helcim has announced the rollout of “Faster Deposits,” a new feature aimed at accelerating cash flow for small and mid-sized businesses across North America — at no extra cost.
Designed to eliminate the traditional 1-3 day wait time for credit card payments to settle, Faster Deposits leverages real-time payment networks including Interac Instant in Canada, and RTP and FedNow in the U.S., to deposit funds into merchant accounts within minutes of transaction batching.
“Waiting days for revenue to settle is an outdated relic,” said Helcim CEO Nic Beique. “We’re not just tweaking the system; we’re transforming it.”
Unlike competitors that charge merchants 1–2% for quicker access to funds, Helcim’s offering is automatic, simple, and free. Merchants banking with eligible institutions are enrolled automatically after a few successful payment batches, with no manual sign-up process or added fees.
Faster access to revenue gives small businesses more control over expenses, allows for quicker reinvestment, and reduces the stress tied to cash flow gaps — a common challenge in the sector.
Currently in beta, Faster Deposits will be available to all Helcim merchants by summer 2025.
“We built Faster Deposits because everyday merchants told us how critical faster funding was,” said Beique. “This is a major step in our mission to empower small businesses with fair, transparent tools that support growth.”
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