Best credit card processors Canada 2020

Best Credit Card Processors In Canada 2022

Who are the Best Payment Processors in Canada 2022?

 

Get to know your options for merchant service providers

With a plethora of payment processors, it can be difficult to find the one that best suits your business before you sign on the dotted line. However, it’s important to make sure that your payment processor aligns with your unique business needs. This document highlights the Top Payment Processors in Canada to help you begin the process of choosing a provider that is best for you. Here are the best credit card processors In Canada 2020. The following criteria will be used to summarize the different capabilities of each processor:

 

When evaluating the Top Credit Card Processors in Canada, there are a pair things to keep in mind. No matter the type or size of your business, you need a merchant account to accept bank card. Some let you establish you up with your own merchant account, while others add your company to a common account. With your own seller account, there will certainly be different sorts of fees, however you will certainly obtain personalized– and many times a lot more affordable– prices as well as plans. You will additionally have access to a bigger variety of repayment channels/products which will enable you to do organization in even more ways and also in even more areas. Services that are refining at the very least $20k annually from credit cards will certainly often gain from their own merchant account.

 

Best credit card processors In Canada 2022

Some processors team you along with thousands of other small businesses and also enable you to refine with a joint vendor account. What this means is that your funds are originally deposited into their vendor account rather than right into your very own account. This is essential since these processors have hostile scams prevention steps in position definition that when fraudulence is thought, they will quickly hold your funds to examine– which will result in funding delays. Furthermore, without your very own merchant account, the processor’s name might show up together with your own service name on your clients’ statements– which can both perplex your clients and limit your brand name direct exposure.

ELAVON

https://elavon.ca/

Quick glance

Founded in 1991
Headquartered in Atlanta, Georgia, USA
One of the largest payment processors
Merchant account provider

FIRST DATA

https://www.firstdata.com/en_ca/home.html

Quick glance

Founded in 1969
Headquartered in Atlanta, Georgia, USA
Helped create Google Wallet
Merchant account provider

GLOBAL PAYMENTS

https://www.globalpaymentsinc.com/canada

Quick glance

Founded in 1967
Headquartered in Atlanta, Georgia, USA
One of the largest payment processors
Merchant account provider

Commercial Merchant Services

https://www.visamachine.com/

Quick glance

Founded in 1996
Headquartered in San Diego, California

Merchant account provider

SQUARE

https://squareup.com/ca/

Quick glance

Founded in 2009
Headquartered in San Francisco, California
Credited with bringing mobile payments to the U.S. market

STRIPE

https://stripe.com/ca

Quick glance

Founded in 2011
Headquartered in San Francisco, California
Ideal for developers as they offer a highly customizable API
Makes it easy for companies to do business online

TD MERCHANT SERVICES

https://www.tdcanadatrust.com/products-services/small-business/merchant-services/index.jsp

Quick glance

Headquartered in Toronto, Canada
Only payment solution that is also a major Canadian bank
Merchant account provider