Money is dull. And it’s not only dull; it needs to be updated.

The process of making an app involves a lot of different steps. You’ll need in-app billing capabilities if your app sells physical goods or digital content for a fee.

Most app purchases cannot be made with cash, so internet payment options must be built. These online payment gateway service providers facilitate commerce by digitally authorizing payments via credit/debit cards and net banking.

There is statistical evidence that digital payments are replacing cash transactions. Have a peek.

Suppose you’re developing an app for selling goods online, providing delivery services, accepting payments, or running online casinos verified and checked by Casino reviewers. In that case, you’ll eventually need to choose one of these options. There are numerous payment methods available in Canada. We have compiled a directory of Canadian payment processors for your convenience.

Canada’s Top 5 Payment Gateways

Square

In 2009, the founders of Square introduced the world to the concept of a mobile payment system based on a swipe of a credit card. The most unusual feature was the lack of a recurring charge or investment in special hardware.

It’s the most advanced and feature-rich mobile point-of-sale (mPOS) solution available without a subscription cost. Square’s swipe transaction fee is 2.75%, the keyed transaction fee is 3.50% +$0.15, and the online transaction fee is 2.90% + $0.30.

We don’t charge you for statements or require a minimum or monthly payment. For newer enterprises, the ability to accept credit card payments is a boon.

In addition to its in-app inventory tracking and eCommerce integrations, Square now offers a free web store that bridges the gap between online and offline sales.

In addition to being one of the finest payment processors in Canada, Square also offers a virtual terminal, the ability to store cards, invoicing, and recurring billing, an online ordering option, analytics, and integrations with third-party apps.

Stripe

Stripe is the most popular online payment processing integration system in Western countries. Its primary goal has always been to facilitate the success of online enterprises by providing powerful developer tools and adaptable solutions for a wide range of online enterprises. You should look at what other applications are using for payment processing before deciding on a processor for your app. Stripe is the online POS system of choice for numerous market leaders, including Lyft, Wish, Blue Apron, Under Armour, TaskRabbit, and many more.

It’s a third-party payment processor that facilitates invoice splitting, mobile in-app purchases, in-depth analytics, and seamless integration with your existing marketplace and subscription services. As an added service, these Canadian payment processors offer several payment technologies, including point-of-sale terminals, online and wireless payments, and virtual transactions. Because of this, it’s easy for establishments to begin accepting cryptocurrencies.

No additional or recurring charges, such as monthly or annual service fees, are incurred. You’ll only incur a 2.9% + $0.30 transaction fee.

Moneris

About three billion dollars worth of online transactions is processed by Moneris every year, making it the dominant payment processor in Canada. Because of this, it is regarded as one of Canada’s best credit card processing firms.

Using Moneris, you can be assured that you partner with responsible and reliable service providers who put your safety first. This payment processor is situated in Toronto and offers a dependable multichannel payment option. When opening a merchant account, Moneris is the best option for startups.

Sage Accounting, Royal Bank of Canada, and Bank of Montreal are just a few companies that have joined forces with it. Moneris supports rapidly expanding enterprises, including inventory and sales tracking.

Subscription fees for Moneris are $19.95 per month, with an extra credit card fee of 2.75 percent.

PayPal

Among the top payment gateways in Canada is PayPal, which has over 250 million customers globally, including many Canadians. It serves more than 200,000 small and medium-sized businesses (SMBs) in Canada, offering a wide range of services to meet their needs.

Small businesses use the PayPal Payment standard solution because it streamlines the process of accepting payments online. It’s perfect for business owners who value safety and stability above all else. Small businesses can benefit most from using PayPal because of its ease of use and convenience and because its owners can rest easy knowing that their customers’ credit card information is safe.

There is a wide range of costs because each service is unique. Typically, the fee is 2.9% plus $0.30 for every monetary exchange. The rate drops to 1.9 percent plus 30 cents if the minimum monthly volume is attained.

The professional option, which accepts American Express, Visa, and Mastercard, has a $35 monthly feed in addition to the standard transaction fees.

Customers in Canada can now use the safe and easy payment method PayPal on many cab booking platforms.

Elavon

Among the several merchant account providers in the United States, Elavon ranks high. The Atlanta, Georgia-based organization currently assists over a million retailers in more than 30 nations.

More than three billion transactions are processed yearly in over a hundred different currencies. More than $300 billion in transactions are processed each year.

Utilizing this payment gateway results in significant cost savings and expedited payment collection for participating businesses. Elavon also provides an extensive catalog of in-house developed goods and services.

Elavon’s terminals are universally compatible and can process any card or currency from any country. When it comes to cash, Elavon’s cashback program is a win-win for both the company and its owners.

Credit card processing rates from Elavon range from $270 one-time, plus $10 monthly, plus $0.19 per transaction, plus 2.65% to 3.5% (countertop terminal) to $89 one-time, plus $10 per month, plus $0.19 per transaction, plus 2.65% to 3.5%. (Mobile terminal).

You can incorporate any of those mentioned above or other Canadian payment processors into your app depending on the size and nature of your business and the type of app you wish to design (eCommerce, booking, delivery, on-demand, and others).