Cheques Beat Credit Cards in 2024 Payment Value, Payments Canada Report Finds
Calgary, Canada - July 18, 2026 / Print & Cheques Now Inc /
CALGARY, Alberta, August 2026 - Canadian businesses have widely embraced tap, card, online transfer, and EFT payments, yet cheques continue to represent a significant portion of the country's total payment value. According to Payments Canada's 2025 Canadian Payment Methods and Trends Report, cheques accounted for two per cent of total payment volume in 2024 while representing 22 per cent of total payment value.
Print & Cheques Now Inc., a Calgary-based cheque printing company serving more than 46,000 customers across Canada, says the figures reflect what small businesses, bookkeepers, and finance teams continue to encounter in daily operations: cheques are processed less frequently, but they remain a consistent tool for higher-value business payments that require a documented paper trail.
"Most businesses are not using cheques for everyday counter sales anymore," said a Print & Cheques Now spokesperson. "They are using them where the payment needs a record, a signature, a remittance stub, or a process that fits the way a vendor, landlord, or contractor already works."
Payments Canada's report found that digital payments represented 86 per cent of total payment volume and 77 per cent of total payment value in 2024. Contactless payments accounted for 58 per cent of transactions. Alongside those figures, cheques held 22 per cent of payment value, trailing EFT at 63 per cent but ahead of credit cards at six per cent.
For Canadian small and mid-sized businesses, that division helps explain why cheque ordering has remained steady. A company may handle most recurring bills by EFT, accept cards from customers, and still maintain printed cheques for vendor payments, rent, payroll adjustments, refund processing, security deposits, and individual payments that call for additional documentation.
Print & Cheques Now identifies three common factors behind continued business cheque demand:
- Certain vendors and landlords continue to request cheque payment for larger or recurring amounts.
- Accounting teams frequently rely on cheque stubs for payment records and reconciliation purposes.
- Some one-off payments are more straightforward to approve, sign, mail, and file than to configure through a digital payment system.
The company prints Payments Canada Standard 006-compliant cheques and holds CPA Self-Accredited Printer #1010 status. Its business cheque products are available for companies that need to order bank cheques for Canadian bank accounts, as well as organizations evaluating business cheques Canada options beyond what their bank directly supplies.
For finance teams sourcing business checks, the purchasing decision typically centers on compliance, recordkeeping requirements, and compatibility with existing accounting software rather than any preference for paper-based processes.
Print & Cheques Now carries manual business cheques, laser and computer cheques, personal cheques, deposit books, endorsement stamps, and cheque binders. Confirmed software compatibility includes QuickBooks, Sage 50, Xero, and Simply Accounting. Orders placed by 2 PM EST, Monday to Friday, qualify for same-day printing, and every order is supported by the Bank Acceptance Guarantee: accepted by the bank or reprinted and refunded.
About Print & Cheques Now Inc.
Print & Cheques Now Inc. is a family-owned Canadian cheque printing company based in Calgary, Alberta. Founded in 2006, the company serves more than 46,000 customers across Canada and holds a 4.9/5 rating from 800+ Google reviews. Print & Cheques Now is CPA Self-Accredited Printer #1010 and prints Payments Canada Standard 006-compliant cheques for Canadian businesses and individuals. Learn more or call 1-866-760-2661.
Contact Information:
Print & Cheques Now Inc
240007 Frontier Crescent, Unit 11
Calgary, Alberta T1X 0R4
Canada
Jon Gilchrist
+1-866-760-2661
https://chequesnow.ca
