Moneris
Moneris Solutions Corporation · Toronto, ON
- Canadian owned
- Canadian hosting not stated
Moneris is Canada's largest payment processor — roughly one in three Canadian transactions runs through it — and the strongest Canadian option for businesses that need Interac, in-person POS, and Canadian acquiring with next-day settlement. It is Canadian-owned today (a 50/50 RBC–BMO joint venture since 2000), but that is about to change: RBC and BMO have agreed to sell Moneris to US private-equity firm Francisco Partners for ~C$2B, with closing expected by January 2027 (announced 2026-08-10; re-verified still pending 2026-10-10). Moneris says its infrastructure is resident in Canada, but its privacy policy allows personal data to be processed in the US, UK, EU, India, or the Philippines. As a Stripe replacement it fully covers standard ecommerce and in-person payments and beats Stripe on Interac — but it has no webhooks, no metered billing, and no self-serve equivalent of Stripe Connect for marketplaces.
What they offer
Ecommerce checkout
Flat-rate online acceptance (2.85% + $0.30) or negotiated interchange-plus, with REST API, tokenization vault, and 3-D Secure.
Interac and pay-by-bank
Interac Debit card-present, Flash, and online, plus Konek pay-by-bank (Interac account-to-account) — stronger Canadian rails than Stripe.
POS and in-person payments
Moneris Go terminals with on-site field services across Canada.
Recurring billing
Fixed-amount, fixed-interval recurring billing and stored payment methods via the Vault and recurring-billing API.
What it replaces
Where the fit is imperfect, we say so. A substitution that quietly drops a capability you depend on isn’t a saving.
Online and in-person payments
Stripe
Full coverage for standard ecommerce and card-present sales, and beats Stripe on Interac and debit costs. Loses Stripe's webhooks (Moneris API is synchronous), metered billing, and self-serve marketplace infra.
All Canadian alternatives to Online and in-person paymentsSaaS subscriptions
Stripe Billing
Covers fixed-plan subscriptions only; no usage-based tiers. Metered billing is not available.
All Canadian alternatives to SaaS subscriptionsPoint of sale
Square
Comparable POS/hardware ecosystems; Moneris adds Canadian field services.
All Canadian alternatives to Point of sale
Cost comparison
From published list pricePricing model: Flat-rate headline pricing or negotiated interchange-plus
Moneris · Canadian
Stripe · American
Online: 2.85% + $0.30; in-person: 2.65% + $0.10; Interac $0.12 in-person / $1.00 online; chargebacks $25. Interchange-plus ('Simplified Pricing') and volume discounts are negotiated and unpublished. Source: moneris.com/en/pricing, checked 2026-10-01.
Questions
- Is Moneris a Canadian company?
- Moneris Solutions Corporation is listed as Canadian owned, based in Toronto, ON. This profile is compiled from public product information.
- Can Moneris replace Online and in-person payments?
- Full coverage for standard ecommerce and card-present sales, and beats Stripe on Interac and debit costs. Loses Stripe's webhooks (Moneris API is synchronous), metered billing, and self-serve marketplace infra.
- What does Moneris cost?
- We don't publish pricing for Moneris yet. A figure appears here only with the page it came from and the date we read it, so this profile shows pricing as not yet verified rather than as an estimate.