Canadian Merchants

If you’re a business in Canada, you will need a Canadian payment processor. When deciding which payment processor to pick in Canada, there are a couple points to bear in mind. You need a merchant account to accept charge card. Some payment processors provide you with your own merchant account. Others include your business in a shared account. With your own seller account, there will be various sorts of costs, but you will generally get customized and oftentimes much more competitive prices. You will certainly additionally have accessibility to a wider range of repayment channels/products which will certainly allow you to do business in more means and in even more places. Companies that are processing a minimum of $40k annually from charge card will generally benefit from their very own vendor account.

Company
Location
Products
Selling Point
Blue PayToronto, OntarioPayment Gateway, Mobile Payments, POSA full featured set of payment products
HelcimCalgary, AlbertaPayment Gateway, Mobile Payments, POSPricing transparency, online tutorials, products
Chase PaymentechCanadian Offices in TorontoPayment Gateway, Mobile Payments, POSWell known payment processor with thousands of merchants in the US
MonerisTorontoPayment Gateway, Mobile Payments, POSThis may be the biggest payment processor and merchant account provider in Canada.

Bluepay

BluePay supplies a variety of Canadian charge card processing services for any kind of organisation. From shopping credit card processing to cordless as well as mobile options, Canadian merchants can appreciate fast, protected as well as effective payment remedies that aid enhance earnings as well as enhance client service. BluePay repayment entrance and also incurable choices are additionally available in Canada. With a streamlined deal procedure as well as full integration with your existing bookkeeping software program, you could begin saving money and time right now.

Quick Points

  • Company Name:Bluepay
  • Location:Canadian Office in Toronto, Ontario CA
  • Products: Credit card payments, virtual terminal, mobile payments, EMV credit card terminals, and a payment gateway
  • Fees: Very easy to understand fees. There is a monthly subscription plan a fixed fee per sale plus interchange fees. This may be the simplest fees we’ve ever seen in the payment industry.
  • Website: https://www.bluepay.com/merchant-account-types/canadian-merchants/
  • Facebook Page
  • Linkedin Profile
  • Twitter
  • Google+
  • Youtube

Helcim

This company is based in Canada. They’ve made it their mission to offer transparent pricing. If this is your first time doing business with a payment processor you may want to start with Helcim. They’ll walk you through the specifics of payments.

Quick Points

  • Company Name:Helcim
  • Location:Calgary, Alberta CA
  • Products: Credit card payments, virtual terminal, mobile payments, EMV credit card terminals, and a payment gateway
  • Fees: Very easy to understand fees. There is a monthly subscription plan a fixed fee per sale plus interchange fees. This may be the simplest fees we’ve ever seen in the payment industry.
  • Website: https://www.helcim.com/ca/
  • Facebook Page
  • Linkedin Profile
  • Twitter
  • Google+
  • Youtube

Helcim’s highlights:

All interchange-plus pricing
Substantial cost disclosures
No termination fees
No month-to-month minimum
No setup or application costs
No PCI compliance fees
Incredible academic sources, including charts demonstrating different interchange rate situations
Customer assistance

With Helcim, justness is the name of the game. Helcim charges budget friendly costs as well as has among one of the most transparent sales plans of any kind of processor available, Canadian or otherwise. Everything is entirely outlined on the table, with crystal-clear charge disclosures so you’re never once more hit with a bill like a type the stomach.

Chase Paymentech

Chase Paymentech is a very strong choice if you’re looking for a respectable processor offering solution in Canada. They supply affordable rates and also have a good online reputation in the industry. Nonetheless, with a huge business like Chase, you’re not mosting likely to get the level of consumer treatment you will certainly with a smaller processor like Helcim. Some customers additionally experience pricey and also unreasonable incurable (credit card maker) lease agreements with Chase Paymentech.

Quick Points

  • Company Name:Chase Paymentech
  • Location:Canadian Office in Toronto, Ontario CA
  • Products: Credit card payments, virtual terminal, mobile payments, EMV credit card terminals, and a payment gateway
  • Fees: You should ask for interchange plus pricing. These guys are a huge payment processor and with their massive volume they can make deals. Also you should deal with Chase Paymentech directly for the best deal.
  • Website: https://en.chasepaymentech.ca/
  • Linkedin Profile
  • Youtube

Month-to-month agreements without any termination fees (FYI: This is a relatively current offering).
No PCI compliance charges
Valuable academic sources
Interchange-plus strategies and seasonal downtime used to most vendors

Moneris

Toronto-based Moneris Solutions is an amalgam of the bank card handling parts of Royal Bank of Canada and the Bank of Montreal. So, it has some substantial market experience behind it. While we such as Moneris’s solutions a whole lot, and also they disclose the majority of their terms on their web site, customers that do not read the small print prior to authorizing the agreement may obtain burned.

Quick Points

  • Company Name:Moneris
  • Location:Canadian Office in Toronto, Ontario CA
  • Products: Credit card payments, virtual terminal, mobile payments, EMV credit card terminals, and a payment gateway
  • Fees: They may be the largest processor in Canada. They have a relationship with a Canadian bank for merchant acquiring. You will want to ask for
    interchange plus pricing.
  • Website: https://www.moneris.com/
  • Facebook Page
  • Linkedin Profile
  • Twitter
  • Google+
  • Youtube

Thorough, informative web site
Terrific array of services and also POS products
Merchant assistance

Alternative Payment Providers

Here also are some alternative payment providers to consider if you’re just getting started and you don’t yet have a lot of payment volume.

stripe–> online and mobile settlements
2Checkout–> online as well as mobile repayments
Square–> retail brick-and-mortar businesses
PayPal–> brick-and-mortar, mobile, and also online repayments

Learn More