Stop overpaying for Canadian payment processing
We did the math so you don't have to. Here's what each processor actually costs — and which rails make sense for your business.
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Up to 40%
lower fees with the right rails
Zero
chargebacks with Interac Direct
100%
Canadian processors available
Credit Cards
1.5-3%
Visa, Mastercard, Amex
Interac Direct
~$0.25
Bank-to-bank, zero chargebacks
Stablecoins
<$0.01
USDC, for settlement
What type of business are you?
All Processors at a Glance
Rates as of February 2026 — always verify directly with the provider
| Provider | Pricing Model | Online Rate | In-Person Rate | Monthly Fee | Best For |
|---|---|---|---|---|---|
| HelcimBest for Canada | interchange plus | interchange + 0.15% + $0.06 | interchange + 0.10% + $0.02 | None | Growing SMBs who want transparent pricing |
| Stripe | flat rate | 2.9% + $0.30 | 2.7% + $0.05 | None | Developers and SaaS businesses |
| Square | flat rate | 2.9% + $0.30 | 2.6% | None | Retail and food & beverage POS |
| Moneris🍁 | flat rate | 2.65% | 2.65% | $15 | Established Canadian businesses wanting local support |
| Interac Direct (KONEK)Recommended🍁 | flat fee | ~$0.20-$0.50 flat per transaction (estimated) | — | Varies | High-AOV ecommerce wanting zero chargebacks + lower fees |
Why we built this
We spent two weeks trying to figure out why our payment fees were 2.9% when the actual Visa interchange rate in Canada is closer to 1.5%. The math didn't add up. So we built this.
We focus on Canada specifically — the processor landscape here is different from the US, and most comparison sites treat it as an afterthought.
We update fee data quarterly. Every table has a 'last verified' date. If you spot something wrong, let us know.
Beyond Credit Cards
Interac Direct (KONEK)
Bank-to-bank payments with flat fees around $0.20-$0.50. Zero chargebacks. Perfect for high-value orders.
Learn more →Stablecoins
Visa settled $3.5B via USDC in 2024. Stripe Bridge makes it easy. Consider for settlement, not necessarily customer acceptance.
Learn more →