4 Stripe Alternatives in Canada

Looking for Stripe alternatives in Canada?

Lots of businesses have switched from doing things in person to doing them online, including how they get paid using debit and credit cards for payments over the internet. Stripe helps set up this online payment system. All sorts of companies, big and small, use Stripe’s tools to handle payments for their online businesses. And every time a payment goes through, Stripe takes a small cut of the money.

Employing Stripe is a breeze and budget friendly. Plus, it opens doors to collaboration with ecommerce platforms. However, unlike some alternatives, Stripe doesn’t integrate with PayPal. While Stripe maintains standard pricing for online credit card payments, high-volume transactions may incur different rates.

But hold on, maybe you’re thinking Stripe is not for you and you need alternatives? We got you.

Here are 4 alternatives to Stripe in Canada!

PayPal

Paypal is no stranger to us. Over the years, they make sending money such a simple task for everyone. Safe, reliable and everyone’s favourite choice for worldwide payment.

Now let’s dive into PayPal’s feature one-by-one:

Global Accessibility: PayPal accepts payments from all around the globe and supports multiple currencies transaction. That’s great, isn’t?

Seamless Integration: With its super streamlined payment process, it provides solution to various roaring e-commerce and website. Just sit down, relax and let PayPal do its job.

Reliable Security Measure: PayPal’s cutting-edge technology and fraud detection system will put everyone’s worry to ease. Safety is their top priority thus both businesses and customers need not to sweat when using PayPal.

Merchant Benefits: No fret, if a buyer claims they did not receive their item, the Seller Protection Program can warrant you will get the full amount of the eligible payment.

Square

No, not the shape. Square is actually a cloud-based POS system available for retails stores of all sizes – like a retail sidekick in the clouds! It makes creating customer profiles, keeping track of their purchases and preferences so so easy!

Why choose Square?

Streamlined Processing: Clean and user-friendly interface to simplify mundane tasks like sales inventory management and employee management.

Omnichannel Engagement: Seamless experiences for mobile payment, online order and click-and-collect options that suits the boosting e-commerce landscape in Canada.

Enhanced Customer Experience: Features like gift cards, email marketing tools and loyalty program will surely be wonderful to be offered to customers. It goes beyond just sales for Square. They are building the perfect customer relationships.

Data-Driven Decisions: Gain insightful sales reports, keep tracks on inventory and get behind-the-scenes of customer habits. More data, more savvy moves!

Moneris

Founded back in December 2000, expert in payment processing, there is no wonder that Moneris is now considered the leading financial technology company in Canada.

Oh, did you know Moneris was actually the first ever Canadian appropriator to offer both Mastercard and Visa merchant account in one point of contact? Brilliant is not it?

So why do many of Canadians choose Moneris as an alternative? Let’s find out:

In-house transaction: No third-party involved. Moneris processes every transaction in-house directly also known as direct processor.

Debit Terminals: Offers secure payment processing and fraud detection services to ensure safe transactions. Implementing debit terminals enable small business to build trust with potential customers.

Smart terminals: Moneris offers the traditional countertop terminals as well as Smart terminals. It comprises the ability to load additional software application and colour touchscreen. Functionality at its finest!

POS Software: Moneris has its very own POS solution – PAYS Pro Plus App. It turns your iPad into a fully-feature POS terminal enabling you to track inventory, process payment and manage customer information.

Mobile payments: Offering a perfect option of the PAYD mobile processing, the setup comes with a PAYD Roam Reader magstripe that’s compatible with both iOS and Android.

Payfirma

Since 2010, Payfirma has been a outstanding name for businesses to operate and grow. Payfirma is a robust end-to-end payment acceptance solution that handles authorization, settlement and funding.

So, why Payfirma?

Security: Payfirma is PCI-DSS compliant to ensure businesses’ customers’ sensitive information is secured to decline the risk of compromised payment data.

Customer Vault: Tokenization is posed to guarantee customer information for a later time or date. No more asking customer’s credit information again and again. Ask once, store in the vault and you’re good to go!

White label: The very first of its kind within the industry to offer white label digital solution. No more hassle when it comes to processing payment.

Invoicing: No more headache or messy files and papers as you can tailor and email invoices directly. All you have to do: request the customer to click a link to pay, receipt will be issued and track payment statues in real time. Easy right?

Payment Channels: Versatile channels that includes online, in-store and mobile all seamlessly combined into one unified system.

There you have it! Rising businesses can be a stretched challenge and sometimes, nerve-wrecking but as long as you are well-informed (after reading this, of course), we are sure you are one step closer to expanding your business to another level.

Canada’s business world is truly immense with various range of tailored payment solutions. You name it; Paypal, Square, Moneris and Payfirma. But it’s important to know what you want and what is your objectives. Whether you’re looking for the best and seamless online transaction or a powerful tool to collect data – these providers got you covered!

Now you know best Stripe alternatives in Canada, Contact Tectera to integrate payment system in Canada.