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MonerisB78

Platform & Vertical SaaS · Mid-sized to large Canadian retailers, restaurants, and hospitality groups that want Interac debit, a full …

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Overview

Moneris is the default choice in Canadian payments for a reason: bank-owned scale, full Interac support, and an omnichannel hardware and software ecosystem that covers everything from a food truck to a national retailer. The B- reflects the familiar big-processor trade-offs — multi-year contracts with termination fees, billing that merchants find hard to parse, and costs that undercut newer flat-rate rivals only after negotiation. Canadian businesses should shortlist it; US-only businesses can't use it.

Best for: Mid-sized to large Canadian retailers, restaurants, and hospitality groups that want Interac debit, a full POS hardware ecosystem, and one accountable provider — including US companies running Canadian locations.

Strengths

  • + Canada's largest processor, backed by RBC and BMO, with full Interac debit support
  • + Complete omnichannel coverage: in-store, online, mobile, and unattended, under one provider
  • + Broad POS hardware ecosystem (Moneris Go family) plus Tap to Pay on iPhone and Android
  • + Publishes a flat-rate plan and an interchange-plus option, with 24/7 phone and chat support
  • + Typical funding in one to two business days, with same-day or next-day options

Trade-offs

  • – Canada-only — not an option for US-only businesses
  • – Contracts can carry multi-year commitments, equipment bundles, and early termination fees from $100 to several hundred dollars
  • – Mixed feedback on billing clarity, with incidental fees (chargebacks, paper statements, software fees) that add up
  • – Monthly hardware rental and setup costs run higher than newer flat-rate competitors

Fees in detail

  • Online rate: 2.4% to 3.5% + per transaction fee
  • International: higher than domestic rates, often +1% or more
  • Disputes: $$15 to $25 per dispute

Standard published rate for a domestic online card payment. Confirm current pricing on Moneris's pricing page.

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