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.
13 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
Payment processor · Point of sale
Simple flat rates with a free point-of-sale app
One flat rate for in-person credit cards, including international cards, a low Interac debit rate, and a free point-of-sale app, with no monthly fee on the free plan.
In person (credit)
2.5%
Tap or insert
Interac debit
0.75% + 7¢
Per transaction
Online and invoices
2.8% + 30¢
Square Online, invoices
Payment processor · Bank-owned
A full-service Canadian processor
Moneris offers flat-rate plans for smaller businesses and custom interchange-plus pricing for larger ones, with terminals, point of sale and online payments.
Pricing
Quote-based
Flat-rate or interchange-plus
Moneris Go terminal
C$29.95
Monthly rental
Markets
Canada
In person and online
Point of sale · Owned by Fiserv
An all-in-one point of sale
Clover bundles hardware, point-of-sale software and payment processing, with an app marketplace for add-ons. In Canada, you pay a monthly software fee plus processing rates that vary by plan and provider.
Pricing
Custom
By plan and provider
Monthly fee
Software plan
Plus processing
Built for
In person
Retail and restaurants
Point of sale · Montreal
Payments built into your point of sale
Lightspeed Payments is the processor built into Lightspeed’s retail and restaurant point-of-sale systems, with flat-rate pricing and sales, inventory and payment reporting in one place.
Pricing
Flat rate
Set by your Lightspeed plan
Built into
Lightspeed POS
Retail and restaurant
Headquarters
Montreal
Canadian company
Payment processor · Montreal
Built for selling across borders
Nuvei is a Montreal-based payments company focused on online and international sales, with many local payment methods, multi-currency processing and payouts. Pricing is quoted for your business.
Pricing
Quote-based
By volume and model
Best for
Global online
Cross-border sales
Headquarters
Montreal
Canadian company
Merchant services · Global
A large merchant-services provider
Global Payments provides card terminals, point-of-sale integrations and online payments to Canadian businesses, with pricing quoted by business size, volume and industry.
Pricing
Quote-based
By size and volume
Channels
In person and online
Terminals and gateway
Markets
Canada
Plus global
Merchant services · Bank-backed
Card processing backed by a global bank
Chase Payment Solutions offers in-person and online card processing to Canadian businesses, with pricing quoted by volume and business type.
Pricing
Quote-based
By volume and business type
Channels
In person and online
Terminals and gateway
Backed by
JPMorgan Chase
Global bank
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.
