MazumaGo allows us to send large payments to suppliers and artists quickly.
What do you like best?
Unlike Interac eTransfer, there are no limits for paying our suppliers and artists. I also like the tracking feature, which allows both me and the recipient to see exactly where the payment is as it moves from my business bank account to the recipients. Overall the MazumaGo user experience is much nicer than my online banking interface.
What do you dislike?
I dislike that I can't use MazumaGo to pay my US suppliers and artists. That said, I know they're expanding into the US soon, at which point I'll definitely use MazumaGo for USD payments just as I do for my CAD payments.
Recommendations to others considering the product:
It's totally trustworthy. Although MazumaGo is a new fintech provider, they have a totally secure platform, great customer support and I have never had a problem sending a single payment via MazumaGo. In fact, for all suppliers, we make it mandatory to receive payment via MazumaGo.
What problems are you solving with the product? What benefits have you realized?
MazumaGo allows my mysuc tech company to send large payment amounts to artists and suppliers. Before MazumaGo I was paying Canadian artists via Interac eTransfer and due to the transfer limits, I often had to split payments into multiple transactions, which was a nightmare for reconciliation.