Top 10 Canadian Payment Gateways
The financial services sector in Canada is an ever changing one, as is the payment gateway service sector too. There are many companies, both large and small that do offer ways for any business to accept payments directly on their websites or via any mobile apps they may offer their customers.
Choosing the very best payment gateway service provider is one of the most important decisions that any business owner is going to have to make, for the very lifeblood of your business will be its cash flow.
Sadly, as with most things in life these days, some of the fees and charges you will be required to pay for using any payment gateway service can eat away at both your cash flow and profits, and that is one of the main reasons I have compiled the following listing of the top 10 payment gateway services in Canada.
With one eye on cost and one eye on reliability you will find a range of payment gateways listed below that will be offering you what I would call a fully rounded service, and there are quite a number of unique aspects, features and benefits on offer by each of the following providers too.
It doesn’t matter if your business is in the start up phase, growing week on week in size and stature or of its already a successful business, at the end of the day it is often the payment gateway service that you choose that can make or break your business.
Payment Gateway Providers in Canada
- Payment Gateway Providers in Canada
- Frequently Asked Questions
- 1. Can I offer more than one payment gateway to my customers?
- 2. Will I only be able to accept CAD transactions?
- 3. How do I gain access to my processed funds?
- 4. Do I have a complete audit trail of purchases processed?
- 5. Are payment gateways safe and secure?
- 6. What payment methods can my customers use?
You should always be prepared to spend as much time as is necessary for you to compare the range of different services that are going to be offered to you by many different payment gateways, to ensure the one you select is perfect for your business.
Below you are going to find a complete listing of the top 10 Canadian payment gateways, and you will also find full information on just what makes using each of their gateways unique and also any and all additional features and services they also have to offer you too.
Canada based companies and businesses are not going to want to have to be forced to pay very excessive fees and charges when they wish to start taking payments online, however that is sadly what some of them do end up doing.
It is with that in mind that when you are in a position to start accepting both online and/or mobile payments that you should actively be looking around for a Canadian based payment gateway that is both 100% reliable but also one that isn’t going to impose huge and excessive processing fees on you, or your customers.
The service offered by FuturePay is one that quite a growing number of Canada based businesses have signed up to and have in operation on their e-commerce channels, for it offers a robust and solid interface that gives those business owners the maximum flexibility in the payment methods they can accept and no excessive fees or charges either.
Please do take a look over the FuturePay website, for any one that is looking for a merchant to use and who is based in Canada is going to find their payment gateway an absolute breeze to install and configure and is very user friendly from a customer’s point of view too.
You will find that Elavon is going to be offering you an all in one type of online payment gateway solution that is perfectly tailored for all Indian merchants and it is one of the most reliable payment gateways too.
You are going to be able to accept payments directly on your website once you have installed their state of the art interface which will then allow you to seamlessly be able to accept payments from your customers using not only any Credit Cards but also you will be able to accept payments made using Debit Cards and Net Banking too plus they also not have the systems in place to access Mobile payments.
One of the main advantages of using Elavon is that their fees and charges are very reasonable and there audit feature is second to none too!
You are going to be faced with a lot of choices when you are in the market for a reliable and very robust payment gateway service provider, for as you are probably discovering a you read thorough this guide there are quite a lot of them that Canada based companies can pick and choose from.
To help you get a good idea of just which ones you are best off selecting and then using, what you should do is ask yourself just what forms of payments you wish to accept on your e-commerce sites.
If you want to have the very largest range of different payment methods on offer to your customers and you also want the peace of mind in knowing your customers, no matter where they are, can deposit in their home currency then maybe it’s time for you consider using the services as offered by Ignite Payments.
Ignite Payments have been in business for a fair old number of years now and they have also designed and have also fully developed one of the most advanced and most highly secure payment gateways that you are going to have on offer to you, and their fees are quite reasonable too.
You shouldn’t experience any type of problems if you decide to make use of the services offered to you by Payeezy, for they are a company that have always been at the forefront of safe and secure online payments and have also recently branched out into mobile payments too.
They do allow businesses based in many different countries of the world to sign up as their customers and as such if you are in Canada then it won’t take you very long to becomes one of their clients.
As soon as you do then you will be able to integrate their state of the art payment gateways onto you e-commerce or business channels and by doing so you will then be able to accept a plethora of different payments from a range of different payment methods too.
Not a company to be beaten in any aspect of their operation you will be pleased to learn if you do fancy using Payeezy as your preferred payment gateways that their fees and charges are very low but their standards of operation and safety and security protocols are very high too!
Bambora will be giving your valued customers the convenience of being able to utilize a one click type of checkout feature throughout your site, and as such there payment gateway is one of the easiest ones to use from a consumers point of view.
It is no secret that Canadian based businesses are always looking for ways to ensure that their customers can have a completely seamless type of shopping experience and pay for the goods they are about to purchase, or when paying for services online and that is something you will be offering your customers when using Bambora.
One of the benefits of suing the Bambora payment gateway is that is very easy it install and configure so you are going to find a range of different settings that you can make use of depending on what it is your are selling to your customers or the type of service you are offering your customers too.
As a Canadian based business owner, if you are seeking information on the payment gateway offered by Bambora, then please take a look are the Bambora website as you will find all of the information in regards to the services they offer when you do so.
Choosing the payment gateway that you offer your customers is going to be one of the most important decisions that any business owner is going to have to make, and that is one of the main reasons I have compiled this list of payment gateways that are perfect for all Canada based business owners.
MultiSafePay is one payment gateway that has always be a very robust one that can and will allow you to seamlessly integrate a payment gateway onto your existing website or mobile e-commerce channel.
The way in which MultiSafePay have designed their payment gateway is such that it offers your customers a very easy to use interface on which in just a couple of clicks they can order the goods or services they want and then be taken to the checkout area of that payment gateway.
All of the orders for your goods and service offered will be processed in real time and MultiSafePay do offer a very deep and very useful audit facility too, so you can always see just which orders have come in and how your customers have paid for their orders too. So it is certainly one to consider using for a hassle free online or mobile payment system.
Canadian banks are possibly another avenue you should consider checking, if you are a business based anywhere in Canada and you want to use a payment gateway but one that is ideally linked up to you local bank branch.
Scotiabank is one such bank that I am aware of do offer a range of tailored payment gateway services to their business customers, and as you would expect there are some very high security protocols in place on the payment gateway interfaces that Scotiabank does supply.
One of the benefits for Canadian business owners of having a payment gateway that is linked directly up to their bank accounts is that there are often no long and drawn out delays in you being able to access all of the funds processed, but the fees and charges will vary.
You will therefore be best advised to not only checkout the payment gateway services offer by Scotiabank but also compare the services in addition to the fees and charges associated with you signing up to any of the additional providers I have listed throughout this guide, for I am more than confident several of them will fit your business and financial processing needs perfectly.
Canada based consumers will want and often demand a large range of different payment methods from any site they use, and if you want to keep ahead of the game and also your competition then you will be best advised to offer them a way to pay for your goods or service using a crypto currency.
Businesses based in Canada that do offer a range of different crypto currency payment options will often see an upturn in their customer bases, and as such you should ensure that whichever payment gateway or gateways you have one offer does include one that can process those payment methods.
SpectroCoin is one payment gateway that will allow you to seamlessly process crypto currencies and with all payments being virtually instant you will have the peace of mind in knowing your customer have paid in full for your goods and services and can then process their orders straight away.
To allow you to understand the services that SpectroCoin does offer you the SpectroCoin website is where you should look for an overview of their services, and that is where you can also sign up to use the SpectroCoin payment gateway too.
Dharma Merchant Services
Dharma Merchant Services offers a micro payment service to anyone living in Canada, and as such if your business is one in which customers are going to need to make in app purchases or any type or kind of mobile payments then their payment gateway is going to be one you should consider.
Canadian Micro payments are processed in CAD and are also instant, and as such you will always have a full audit trail available to you letting you know which customers have paid. But keep in mind most Canadian micro payment gateways can and do charge some fairly excessive fees and charges.
However, if you are looking to maximize your income streams and wish to add a micro type of payment gateway onto your mobile channels then Dharma Merchant Services can and will allow you to do so relatively easily.
Micro payments, are by their very nature, intended for small ticket items or low prices services, and as such it should be one of at least a couple of different payment gateways that you offer all of your Canada based customers and clients.
One final payment gateway payment service provider that is also worth taking a much closer look at is Converge, for they offer something of a bespoke service to their customers and are best famed for having some of the very lowest fees associated with using any payment gateway.
As such if you are on the hunt for a much more tailored type of service, whilst also being very eager to keep your payment processing costs to as low an amount as is possible then please do take a good look over the Converge website.
By doing so you will then see just what payment methods they are going to be offering you for your customers and will get a good idea of the total costs of having your payment processed too. Plus, they do have a very configurable payment gateway that is going to suit all types of both mobile and online e-commerce sites down to the ground.
Frequently Asked Questions
Once you are good and ready to sign up to any of the top 10 Canadian payment gateways listed above you will find it a sample and painless process to do so. However, if you do have a few additional questions then below you may just find the answers to those questions.
1. Can I offer more than one payment gateway to my customers?
Some payment gateway service providers may only process debit and/or credit cards, whilst some of them may specialize in mobile micro type payments, and some could offer e-wallet type payments too. So always try and offer you customers the largest and most diverse range of different ways to pay for the services you offer or the goods that you sell.
2. Will I only be able to accept CAD transactions?
Whilst you may prefer and will always have the option of only accepting payments in Canadian Dollar when using most payment gateways you will find all payment gateways will give you the option of accepting payments in any other currency of the world too, so if you want to reach the most customers accept multiple different currencies!
3. How do I gain access to my processed funds?
Based on the size of your business and the volume or payments process you could have access to your duns at any time, or in some instances you may be paid them out once a week or once a month.
4. Do I have a complete audit trail of purchases processed?
You will be given some form of log into to access your payment gateway account and by doing so you will then get a very detailed breakdown of every transaction processed, the status of your payments and the full details of each customer who has purchased goods or service using your chosen payment gateway too.
5. Are payment gateways safe and secure?
As long as you stick to using any of the top 10 Canadian payment gateway that I have listed above you will always have the peace of mind in knowing, as will your customer that every single payment will be processed using the very highest security protocols possible.
6. What payment methods can my customers use?
With that in mind one thing I would strongly advise you to do, is to select a payment gateway that offers the most varied range of payment methods, as the more of them that they can process the more ways of paying your customers will then be able to use.