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Compare payment processors
We compare card rates, international and currency conversion fees, recurring billing and payout costs, so SaaS and online businesses can see what they really pay.
6 processors in Canada
Payment processor · Online
The default for online and SaaS businesses
No monthly fee, 2.9% + C$0.30 on domestic cards, recurring billing and bank debits, with surcharges for international cards and currency conversion.
Domestic cards
2.9% + 30¢
Per successful charge (CAD)
International cards
+0.8%
On top of the base rate
Currency conversion
+2%
When conversion is needed
Payment processor · Interchange-plus
Wholesale card costs plus a published margin
Calgary-based processor with interchange-plus pricing, no monthly fee or contract, and margins that drop automatically as volume grows.
Online margin
IC + 0.50% + 25¢
Falls with volume
Monthly fee
$0
No contract
Interac debit
9¢
12¢ for tap (Canada)
Commerce platform · Ecommerce
Payments built into your Shopify store
Card processing built into Shopify, with a 1–1.5% currency conversion fee when customers pay in a different currency from your payout currency.
Currency conversion
1–1.5%
By plan (Basic 1.5%)
Card rates
By plan
Lower on higher plans
Payouts
Multi-currency
Fees on non-local currencies
Merchant of record · SaaS
Sell software worldwide without the tax burden
Paddle acts as the merchant of record for SaaS and software, handling payments, subscriptions and global sales tax and VAT for you.
Pricing
~5% + 50¢
Per transaction
Sales tax
Handled
As merchant of record
Billing
Subscriptions
Built in
Bank debits · Recurring
Lower-cost recurring payments from bank accounts
Collect subscription and invoice payments directly from customers’ bank accounts, usually for less than card fees.
Pricing
Bank debit pricing
Per payment
Method
Bank debit
No cards needed
Best for
Recurring
Subscriptions and invoices
Payment processor · Wallet and checkout
A checkout your customers already trust
Accept PayPal and card payments online, with 2.90% plus a fixed fee on domestic commercial transactions and an extra fee on international ones.
Domestic rate
2.90% + fee
Commercial transactions
International
+0.80–1.00%
US +0.80%, other countries +1.00%
Pay Later
4.9% + fee
Pay Later payments
How a provider charges you matters as much as the headline rate, especially as your volume grows.
One simple percentage plus a fixed fee per payment. Easy to predict, but you pay the same even on cheap cards.
The card networks’ real cost plus a fixed margin. Usually cheaper once you process meaningful volume.
The provider sells on your behalf and handles sales tax and VAT worldwide, for a higher fee per payment.
Every rating comes from the provider’s published terms, checked against official sources and dated. Partners and non-partners are rated the same way.
