PaySimply Review: Pay Your Taxes And More Online

PaySimply Review: Pay Your Taxes And More Online

Written by Lisa Rennie
Fact-checked by Caitlin Wood
Last Updated November 30, 2021

Looking for a convenient and easy way to pay all your bills, even your taxes, without having to set up an account? PaySimply could be the solution you need.

Who Is PaySimply?

PaySimply was created in 2014 and is operated by Toronto-based Payment Source, an alternative payment solutions service. PaySimply is an online bill payment platform that simplifies bill payments and allows consumers to pay their bills and taxes using a convenient online portal. 

Consumers can easily and conveniently make their bill payments using their preferred payment method without having to deal with writing cheques or setting up a pre-authorized debit using sensitive banking information. Payments can be made using several modes of payment, including credit card, PayPal, Interac e-Transfers, or in-person payments using a cash or debit card at a Canada Post outlet.

Types Of Bills You Can Pay Using PaySimply

PaySimply can be used to pay a variety of bills to thousands of billers. Here are just a few examples of the types of bills you can pay using this service:

  • Personal and business taxes 
  • Property taxes
  • Utilities
  • Water and sewer bills
  • College or university tuition and resident fees
  • Rent
  • Childcare
  • Others available to search from
PaySimply

How Does PaySimply Work?

To make bill payments using PaySimply, you’ll need a way to access the internet, such as a desktop computer, laptop, or mobile device. PaySimple is available through a web browser or mobile app and can be used to make a bill payment through the following steps:

  • Search for the specific payee 
  • Choose bill type
  • Enter your account details
  • Choose your payment method
  • Complete the transaction

CRA Tax Payments 

If you’re using PaySimply to pay your taxes to the CRA, you’ll need to take a few extra steps:

  • Choose “Canada Revenue Agency” as your payee
  • Provide your business number or SIN
  • Choose the type of payment you’re making, such as VERB or a T1 tax return
  • Add your full name, email address, and payment amount
  • Choose a payment method
  • Complete your payment

Depending on how you choose to pay, your CRA payment can arrive at the CRA as quickly as the same day or up to 3 days later. 

Payment Options Available 

You have a number of options when it comes to how to make your bill payments using PaySimply:

  • Credit card
  • Interac e-Transfer
  • PayPal
  • Alipay
  • PayBright
  • Debit card (in person at a Canada Post location)
  • Cash (in person at a Canada Post location) 

It should be noted that not all payment options are available for every biller. 

Advantages Of Using PaySimply 

There are a few key reasons why you may want to consider using PaySimply to pay your bills:

  • No account required. You don’t have to create an account in order to use PaySimply to pay your bills.
  • Multiple payment options. Just about every mode of payment can be used with PaySimply, as long as the biller you’re paying accepts it. Plus, you can make in-person payments, which is especially helpful for timely tax payments. This is a feature that is not typically available through other payment services.
  • Multiple bill types supported. You can use PaySimply to pay all sorts of bills, including your utilities and income taxes. 
  • Safe and secure. PaySimply doesn’t store your payment information, so you won’t be vulnerable to any potential theft of data.
  • Low fees. Depending on which mode of payment you choose, you’ll pay anywhere from 1% to 2.5% for your payment transactions, which is quite reasonable considering the level of flexibility this service provides. 
  • High transaction limits. Most payment types support relatively high transaction limits, unlike some other third-party payment systems that have low transaction limits in place.
  • Earn points with credit card payments. If you choose to pay your bills using your rewards-based credit card, you can collect points with each bill payment you make to be redeemed for free travel or products.
  • Accessible. If you don’t have a credit card or have limited access to your bank, PaySimply offers alternative ways to make bill payments.  
  • Pay with foreign credit cards. If you’re an international resident, you can use PaySimply to pay any Canadian taxes, tuition fees, and other bills with a foreign credit card in your local currency.

Disadvantages Of Using PaySimply

PaySimply may offer several perks, but there are also a couple of drawbacks that should also be considered:

  • Fees. No matter which method of payment you choose, there will be a fee associated with it. The fee ranges depending on the payment type. 
  • No rewards. Some online payment competitors offer incentives to use their service in the form of rewards, but you won’t find any such incentives to use PaySimply.

Cost Of Using PaySimply

PaySimply charges a fee to use this service. The amount depends on the exact payment method you choose:

Fee
Credit Card2.5%
Interac e-Transfer1%
PayPal2.5%
Alipay2.5%
PayBrightNone (PayBright may charge its own fee)
In-Person (Cash or Debit)– $1 – $1,00: $3.95 
– $1,000.01 – $2,000: $5.95 
– $2,000.01 – $3,000: $7.95 

PaySimply Transaction Limits

There are limits to each payment transaction using PaySimply, depending on the type of payment you use:

  • Credit card: $50,000
  • Interac e-Transfer: $50,000
  • PayPal: $50,000
  • Alipay: $50,000
  • PayBright: $15,000 (minimum $1,000)
  • In-person using debit or cash: $3,000
Note: These transaction limits are the limits set by PaySimply. The financial institution that issues the method of payment you’re using will have its own, typically lower, limits. You can contact your financial institution directly to increase your payment limits.

PaySimply FAQs

Is PaySimply safe to use?

Yes, it’s safe to use PaySimply to make bills and tax payments. In fact, the government of Canada recommends the use of PaySimply to make payments to the CRA or any other biller. This platform has been used for years and has been shown to be safe and secure. Plus, PaySimply doesn’t store any personal financial information.

Can I use my credit card to pay for my taxes with PaySimply?

Yes, you can pay your income taxes (both personal and business) and your property taxes using PaySimply. If you live in Alberta, you can also make tax payments to the Alberta Tax and Revenue Administration to pay any provincial taxes and levies. 

How much does it cost to pay a bill with PaySimply?

It costs anywhere from 1% to 2.5% to use PaySimply. If you choose to pay in person using cash or debit, the fee ranges from $1 to $7.95.

Final Thoughts

PaySimply allows you to use your credit card — and many other forms of payment — to pay just about every bill, including your taxes. The flexibility offered by PaySimply lets you maximize your credit card rewards and use other payment methods that you might otherwise not be able to use when paying bills. 

Lisa has been working as a writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same. She's used a variety of financial tools over the years and is currently growing her money with Wealthsimple, while stashing some capital in a liquid high-interest savings account so that she always has a financial cushion to fall back on. She's also been avidly using her Aeroplan TD credit card to collect as many Aeroplan points as possible to put towards her travels!

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