Canada
Interesting Figures
group
40 million
Population
hub
35 million
Online Population
shopping_cart
11.9%
E-commerce of Total Retail
According to statistics, 89% of residents of Canada employed digital payments rather than classic methods in 2022. At the same time, it is predicted that income in the e-commerce market will reach US$72.15bn in 2025. Since Canada is regarded as a country of card users, business owners should integrate payment gateways into their e-commerce platforms.
A payment gateway serves as the most significant element of an e-commerce website. Here’s a detailed overview of 10 well-liked payment gateways for users of Canada. They can assist business owners in optimizing the checkout experience and elevating income.
What Does Payment Gateway Signify?
A Payment Gateway Canada is a secure online service. It handles digital payments by authorizing transactions between shoppers and sellers. The gateway is critical for e-commerce since it ensures rapid and shielded transactions, diminishes fraud risks, and upholds miscellaneous modes of payment.
What Facets to Consider When Picking a Payment Gateway in Canada?
When picking a suitable variant among countless payment gateways, take into consideration transaction fees, standards, accessible currencies, integration simplicity, and client backing. Make sure it offers fraud defense and detection.
Square
| Category | Details |
|---|---|
| Concise Description | Square is an actively employed payment gateway. It delivers payment processing solutions to business owners. |
| Major Features and Services | Point-of-Sale (POS) system, mobile payment solutions, online store integration |
| Requirements | A registered business (or individual seller), bank account for payouts |
| Accepted Variants of Payment | Credit cards, mobile payments, contactless modes of payment |
| Accessibility (Countries) | Canada, United States, Australia, Japan, and others |
| Supported Currencies | CAD, USD, GBP, AUD, JPY, etc. |
| Concise DescriptionSquare is an actively employed payment gateway. It delivers payment processing solutions to business owners. | |
| Major Features and ServicesPoint-of-Sale (POS) system, mobile payment solutions, online store integration | |
| RequirementsA registered business (or individual seller), bank account for payouts | |
| Accepted Variants of PaymentCredit cards, mobile payments, contactless modes of payment | |
| Accessibility (Countries)Canada, United States, Australia, Japan, and others | |
| Supported CurrenciesCAD, USD, GBP, AUD, JPY, etc. |
Pros
- handy interface
- no monthly fee
- powerful security features
- understandable per-transaction pricing
Cons
- absence of phone support
Stripe
| Category | Details |
|---|---|
| Concise Description | Stripe is an online payment gateway that authorizes businesses to accept payments without effort. It upholds e-commerce, subscriptions, invoicing, and miscellaneous financial services. |
| Major Features and Services | API integration, payment processing for online and in-person transactions, invoices crafting, subscriptions setting up |
| Requirements | Compliance with Stripe’s terms and conditions, a registered business |
| Accepted Variants of Payment | Credit and debit cards, digital wallets, bank transfers |
| Accessibility (Countries) | Available in over 40 countries |
| Supported Currencies | Upholds over 135 currencies worldwide |
| Concise DescriptionStripe is an online payment gateway that authorizes businesses to accept payments without effort. It upholds e-commerce, subscriptions, invoicing, and miscellaneous financial services. | |
| Major Features and ServicesAPI integration, payment processing for online and in-person transactions, invoices crafting, subscriptions setting up | |
| RequirementsCompliance with Stripe’s terms and conditions, a registered business | |
| Accepted Variants of PaymentCredit and debit cards, digital wallets, bank transfers | |
| Accessibility (Countries)Available in over 40 countries | |
| Supported CurrenciesUpholds over 135 currencies worldwide |
Pros
- no setup or monthly fees
- developer-friendly
- built-in fraud detection
Cons
- instant deposits at supplementary costs
Helcim
| Category | Details |
|---|---|
| Concise Description | Helcim is one of the payment companies offering in-person and online payment solutions |
| Major Features and Services | Online, in-person, and mobile payment processing, point-of-sale software, invoicing instruments |
| Requirements | Business registration, bank account |
| Accepted Variants of Payment | Credit and debit cards, ACH payments, Apple Pay, Google Pay |
| Accessibility (Countries) | United States, Canada |
| Supported Currencies | USD, CAD |
| Concise DescriptionHelcim is one of the payment companies offering in-person and online payment solutions | |
| Major Features and ServicesOnline, in-person, and mobile payment processing, point-of-sale software, invoicing instruments | |
| RequirementsBusiness registration, bank account | |
| Accepted Variants of PaymentCredit and debit cards, ACH payments, Apple Pay, Google Pay | |
| Accessibility (Countries)United States, Canada | |
| Supported CurrenciesUSD, CAD |
Pros
- no monthly or hidden fees
- clear pricing structure
- automatic volume discounts
Cons
- may not be the most affordable variant for businesses with low sales volumes
Moneris
| Category | Details |
|---|---|
| Concise Description | Moneris is one of the best payment processors Canada. It delivers innovative mobile, online, and in-store solutions to business holders. |
| Major Features and Services | Multi-currency payment processing, business-to-business (B2B) transactions, fraud prevention and safeness instruments |
| Setup Fee | Varies depending on the business type and picked plan; some plans may have setup fees |
| Requirements | Business registration, valid bank account |
| Accepted Variants of Payment | Credit and debit cards, digital wallets, customizable eGift cards |
| Accessibility (Countries) | Canada |
| Supported Currencies | CAD (Canadian Dollar) |
| Concise DescriptionMoneris is one of the best payment processors Canada. It delivers innovative mobile, online, and in-store solutions to business holders. | |
| Major Features and ServicesMulti-currency payment processing, business-to-business (B2B) transactions, fraud prevention and safeness instruments | |
| Setup FeeVaries depending on the business type and picked plan; some plans may have setup fees | |
| RequirementsBusiness registration, valid bank account | |
| Accepted Variants of PaymentCredit and debit cards, digital wallets, customizable eGift cards | |
| Accessibility (Countries)Canada | |
| Supported CurrenciesCAD (Canadian Dollar) |
Pros
- powerful fraud defense
- supports multiple modes of payment
- customizable payment solutions
Cons
- the setup procedure can be complicated
- available in Canada only
Stax
| Category | Details |
|---|---|
| Concise Description | Stax is one of the dependable payment processors Canada. This payment gateway from Fattmerchant is considered low-cost. |
| Major Features and Services | API key integration, enhanced dashboards, invoicing, integration with QuickBooks Online |
| Setup Fee | No setup fee, but monthly subscription plans apply |
| Requirements | Compliance with Stax’s terms and conditions, a registered business entity |
| Accepted Variants of Payment | Credit and debit cards, ACH transfers, digital wallets, bank transfers |
| Accessibility (Countries) | Primarily available in the United States and Canada |
| Supported Currencies | CAD and USD |
| Concise DescriptionStax is one of the dependable payment processors Canada. This payment gateway from Fattmerchant is considered low-cost. | |
| Major Features and ServicesAPI key integration, enhanced dashboards, invoicing, integration with QuickBooks Online | |
| Setup FeeNo setup fee, but monthly subscription plans apply | |
| RequirementsCompliance with Stax’s terms and conditions, a registered business entity | |
| Accepted Variants of PaymentCredit and debit cards, ACH transfers, digital wallets, bank transfers | |
| Accessibility (Countries)Primarily available in the United States and Canada | |
| Supported CurrenciesCAD and USD |
Pros
- digital invoicing
- round-the-clock support
- predictable monthly pricing
Cons
- may not be ideal for low-volume businesses
PayPal
| Category | Details |
|---|---|
| Concise Description | PayPal is one of the well-liked payment gateway providers in Canada. Its versatility makes PayPal appropriate for an extensive spectrum of online and mobile payment needs. |
| Major Features and Services | Data defense with two-factor authentication, handy online and in-store payments, integration with e-commerce platforms |
| Requirements | Valid email address, business details for merchant accounts |
| Accepted Variants of Payment | Debit and credit cards, PayPal balance |
| Accessibility (Countries) | Available in more than 200 nations and regions worldwide |
| Supported Currencies | Upholds 25+ currencies, including CAD, USD, EUR, GBP |
| Concise DescriptionPayPal is one of the well-liked payment gateway providers in Canada. Its versatility makes PayPal appropriate for an extensive spectrum of online and mobile payment needs. | |
| Major Features and ServicesData defense with two-factor authentication, handy online and in-store payments, integration with e-commerce platforms | |
| RequirementsValid email address, business details for merchant accounts | |
| Accepted Variants of PaymentDebit and credit cards, PayPal balance | |
| Accessibility (Countries)Available in more than 200 nations and regions worldwide | |
| Supported CurrenciesUpholds 25+ currencies, including CAD, USD, EUR, GBP |
Pros
- rapid setup and integration
- clear interface
- global acceptance
Cons
- fee structure is pretty complicated
Braintree
| Category | Details |
|---|---|
| Concise Description | As a company of PayPal, Braintree is one of the most trustworthy online payment systems. It offers the capability to accept and handle payments to businesses of all sizes. |
| Major Features and Services | Fraud detection, acceptance of international payments, recurring billing, multi-currency support |
| Requirements | Business registration, compliance with Braintree’s terms and conditions |
| Accepted Variants of Payment | Credit and debit cards, PayPal, Apple Pay, Google Pay, Venmo |
| Accessibility (Countries) | Canada, US, Europe, Hong Kong, Singapore, etc. |
| Supported Currencies | Over 130 currencies, including CAD, USD, EUR, and more |
| Concise DescriptionAs a company of PayPal, Braintree is one of the most trustworthy online payment systems. It offers the capability to accept and handle payments to businesses of all sizes. | |
| Major Features and ServicesFraud detection, acceptance of international payments, recurring billing, multi-currency support | |
| RequirementsBusiness registration, compliance with Braintree’s terms and conditions | |
| Accepted Variants of PaymentCredit and debit cards, PayPal, Apple Pay, Google Pay, Venmo | |
| Accessibility (Countries)Canada, US, Europe, Hong Kong, Singapore, etc. | |
| Supported CurrenciesOver 130 currencies, including CAD, USD, EUR, and more |
Pros
- no monthly fee, understandable user interface
- effortless integration with PayPal and other digital wallets
Cons
- may not have such rich functionality as other competitors
Interac
| Category | Details |
|---|---|
| Concise Description | Interac is a Canadian payment platform and network. It ensures shielded electronic money transfers, online payments, and debit transactions. |
| Major Features and Services | Interac e-Transfer for P2P payments, contactless debit transactions, rapid tap-and-go payments with Interac Flash |
| Requirements | A Canadian bank account, business accounts may require supplementary verification |
| Accepted Variants of Payment | Debit card payments, Interac e-Transfer |
| Accessibility (Countries) | Canada |
| Supported Currencies | CAD |
| Concise DescriptionInterac is a Canadian payment platform and network. It ensures shielded electronic money transfers, online payments, and debit transactions. | |
| Major Features and ServicesInterac e-Transfer for P2P payments, contactless debit transactions, rapid tap-and-go payments with Interac Flash | |
| RequirementsA Canadian bank account, business accounts may require supplementary verification | |
| Accepted Variants of PaymentDebit card payments, Interac e-Transfer | |
| Accessibility (Countries)Canada | |
| Supported CurrenciesCAD |
Pros
- instant transfers
- broad adoption in Canada
- highly secure transactions
Cons
- limited to Canada
Adyen
| Category | Details |
|---|---|
| Concise Description | Adyen is one of the most technologically progressive online payment services. It authorizes business owners to accept point-of-sale, mobile, and e-commerce payments. |
| Major Features and Services | Omnichannel payment processing, advanced fraud detection, global acquiring with direct bank connections |
| Requirements | Compliance with Adyen’s terms & policies, business registration details, bank account |
| Accepted Variants of Payment | Credit and debit cards, digital wallets, local modes of payment |
| Accessibility (Countries) | Available in more than 100 countries, including the USA, UK, Canada, Australia, and more |
| Supported Currencies | Over 120 currencies |
| Concise DescriptionAdyen is one of the most technologically progressive online payment services. It authorizes business owners to accept point-of-sale, mobile, and e-commerce payments. | |
| Major Features and ServicesOmnichannel payment processing, advanced fraud detection, global acquiring with direct bank connections | |
| RequirementsCompliance with Adyen’s terms & policies, business registration details, bank account | |
| Accepted Variants of PaymentCredit and debit cards, digital wallets, local modes of payment | |
| Accessibility (Countries)Available in more than 100 countries, including the USA, UK, Canada, Australia, and more | |
| Supported CurrenciesOver 120 currencies |
Pros
- upholds multiple modes of payment worldwide
- fantastic client support
- powerful safeness
- pricing with no hidden fees
Cons
- the approval procedure can be strict
Sezzle
| Category | Details |
|---|---|
| Concise Description | Sezzle is another online payment system offering =interest-free loans for online clients. The BNPL payment solution was launched in 2016. |
| Major Features and Services | Interest-free installment payments (four payments over six weeks), instant approval with no impact on credit score, fraud prevention |
| Requirements | Merchant must have an online store; shoppers require a valid debit/credit card |
| Accepted Variants of Payment | Credit cards, bank transfers, debit cards |
| Accessibility (Countries) | Canada, India, Germany, etc. |
| Supported Currencies | CAD, INR, and other local currencies in supported countries |
| Concise DescriptionSezzle is another online payment system offering =interest-free loans for online clients. The BNPL payment solution was launched in 2016. | |
| Major Features and ServicesInterest-free installment payments (four payments over six weeks), instant approval with no impact on credit score, fraud prevention | |
| RequirementsMerchant must have an online store; shoppers require a valid debit/credit card | |
| Accepted Variants of PaymentCredit cards, bank transfers, debit cards | |
| Accessibility (Countries)Canada, India, Germany, etc. | |
| Supported CurrenciesCAD, INR, and other local currencies in supported countries |
Pros
- no interest fees for users
- integrations with well-liked e-commerce platforms
- no impact on credit score for approval
Cons
- supplementary fees apply when refunding funds
- not available in all countries
FAQ
What are the payment gateways in Canada?
Well-liked payment gateways in Canada involve PayPal, Stripe, Square, Moneris, etc.
Which online payment is best in Canada?
The best online payment variant in Canada depends on personal preferences. But PayPal and Interac e-Transfer are among the most widely employed choices.
