Clip Money Inc. announced a partnership agreement with an international fuel distributor and retailer. Clip has set up a network of ClipDrops, which are secure, self-service boxes where businesses can quickly and safely deposit cash at select retail stores in Ontario that are open 24 hours, 7 days a week. The Clip solution is bank-agnostic, meaning any business can make deposits to any bank account they use in more convenient, accessible locations via a ClipDrop.

Additionally, deposits can be made at any time of the day by designated business employees. Clip customers are provided with powerful technology through the ClipApp to manage their cash, assign employees to perform banking transactions, track transaction history, collect analytics, and manage personnel. Customers also receive next business day credit for their deposits which improves cash flow.

Existing customers have reported saving hundreds of dollars per month per store in staff costs related to the time it takes to travel and deposit at a bank, a savings which retailers admit is welcomed given the current staff and resource challenges they are facing.