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Your client pays you. Then your bank charges you. Then someone on your team spends 25 minutes figuring out why $6,500 landed as $6,203.72.
Let’s talk about the quiet villain in your AR process: the cost of collecting money.
You closed the deal. You delivered. You invoiced. Now you’re being penalized for getting paid?
Here’s what most mid-sized companies in Canada are dealing with:
- $45–$80 in inbound wire fees
- FX spreads that don’t show up until reconciliation
- Intermediary bank fees that nobody warned you about
- Manual matching of payments to invoices because there’s no clean metadata
If you’re managing receivables from U.S. clients, you already know the dance.
And for companies that still accept cheques (yes, it’s 2025 and they’re still out there), throw in Canada Post delays, mailroom chaos, and an approval chain that looks like a relay race.
What this actually costs you is your finance team’s time, your margins, your client relationships, and the oh so sweet, month-end sanity,
So why is this still normal?
Because until now, there haven’t been better options.
That’s why we built Finofo.
We issue your business a USD ACH account, one that looks and feels local to your U.S. clients. They pay you like they pay any other U.S. vendor.
No wires. No fees. No cross-border FX pain.
And on your side?
You get full visibility, faster cash flow, and auto-matching in your ERP.
TL;DR:
Getting paid shouldn't cost you money. Or time. Or 14 internal Slack messages.
With Finofo, it doesn’t. Check out how - https://www.finofo.com/platform/global-receivables
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