Payment Information
At Icorum Technology, we keep payments simple, transparent, and most importantly secure. Below you'll find our accepted payment methods, billing process, and answers to common questions.
Accepted Methods
Interac e-Transfer
Send Interac-e-Transfer directly to info@icorumtechnology.ca and include your invoice number in the notes for accurate processing. All e-Transfers are auto deposited and payment confirmation is sent within one business day.
Cheque Payment
Cheques can be made payable to Icorum Technology and mailed to the business mailing address provided on your invoice. Once received, cheques are processed within three to five business days and a payment confirmation is sent upon clearance.
Wire Transfer
We accept domestic wire transfers through all major Canadian financial institutions. Full banking details, including institution and transit numbers, are provided on your invoice. Wire transfers are typically processed and confirmed within one to two business days.
Billing Process
01
Quote
Once we've reviewed your requirements, we provide a detailed written quote outlining the full scope of work, deliverables, timelines , and total cost. The quote is sent directly to your registered email for review
02
Consultation & Approval
We schedule a follow up meeting to walk through the quote together, and make any adjustments if needed. Once both parties are aligned, the quote is signed and approved before any work begins.
03
Invoice
Invoices are issued either upon project milestones for one time work or on a monthly basis for ongoing managed services. Each invoice includes a clear breakdown of services that are set to be provided and payment instructions.
04
Payment
Payments are processed through your selected method, Interac e-Transfer, wire transfer, or cheque.
05
Confirmation & Records
Once payment is received and cleared, a confirmation receipt is sent to your registered email. All invoices and payment records are securely maintained and available upon requesting for your accounting purposes.
Payment FAQ
When is payment due after receiving an invoice?
Standard payments are due within 30 days of the invoice date. For project based work, an initial deposit is required upfront with the remaining balance due per milestone outlined in your approved quote or project completion.
What payment methods are accepted?
We accept Interac e-Transfer, domestic wire transfer, and cheques. Detailed payment instructions are included on every invoice.
What happens if a payment is delayed or missed?
We understand that occasional delays can happen. If you anticipate a late or missed payment please contact our billing team in advance to discuss options. Invoices that remain unpaid beyond 30 days past the due date may be subject to late fee as outlined in your service agreement.