Stripe · Payment processors
Stripe review for Canadian businesses
Stripe is the default processor for SaaS and online businesses: no monthly fee, 2.9% + C$0.30 on domestic cards and tools for subscriptions, invoicing and bank debits. For Canadian companies selling abroad, the costs stack: international cards add 0.8%, and currency conversion adds another 2% when a payment has to be converted.
Who Stripe is best for
SaaS and subscription businesses and online businesses selling internationally.
Businesses with very high card volume wanting interchange-plus.
Stripe is the default processor for SaaS and online businesses: no monthly fee, 2.9% + C$0.30 on domestic cards and tools for subscriptions, invoicing and bank debits. For Canadian companies selling abroad, the costs stack: international cards add 0.8%, and currency conversion adds another 2% when a payment has to be converted. That conversion fee is often the biggest hidden cost for SaaS companies billing in USD.
Fees, features and eligibility
| Recurring billing | Stripe Billing for subscriptions (extra fee) |
|---|---|
| Bank debits | Bank debits available |
| Card rate | 2.9% + C$0.30 on domestic cards |
| International cards and FX | +0.8% for international cards; +2% if currency conversion is required |
| Monthly fee | No monthly fee |
| Type | Payment processor |
| Coverage | Global |
| Best fit | Online businesses and SaaS |
Source: Stripe published product information.
What stands out
Pros
- No monthly fee
- Strong subscription and SaaS tools
- Global reach
Cons
- International and conversion surcharges add up
- Billing costs extra
Stripe: common questions
What does Stripe charge in Canada?
2.9% + C$0.30 per successful domestic card charge.
Does Stripe charge extra for international cards?
Yes, an extra 0.8%, plus 2% if currency conversion is required.
Does Stripe have a monthly fee?
No.
Used Stripe? Help other businesses choose.
