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Canadian Merchant Account Rates and Fees
Our already low rates may be even lower if you are a member of one of our many association partners. To find out if your professional association qualifies for a discount, please contact us.
Visa® and MasterCard® Starter Merchant Account
(If you process less than $10,000 CDN per month)
All rates are in Canadian dollars
| To accept payment in Canadian dollars only: |
| One-time set-up fee |
$99.00 |
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| Monthly account fee |
$29.95 |
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| Transaction Fee |
$0.45 |
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| Merchant Discount Rate |
3.19% |
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| Minimum Processing Amount |
$25.00 |
Only applies in months where total processing fee equal less than $25.00 |
To accept payment in both Canadian and U.S. dollars: |
| One-time set-up fee |
$199.00 |
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| Monthly account fee |
$39.95 |
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| Transaction Fee |
$0.45 |
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| Merchant Discount Rate |
3.95% |
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| Minimum Processing Amount |
$25.00 |
Only applies in months where total processing fee equal less than $25.00 |
Visa® and MasterCard® Standard Merchant Account
(If you process more than $10,000 CDN per month)
All rates are in Canadian dollars
To accept payment in Canadian dollars only: |
| One-time set-up fee |
$199.00 |
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| Monthly account fee |
$44.95 |
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| Transaction Fee |
$0.29 |
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| Merchant Discount Rate |
2.99% |
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| Minimum Processing Amount |
$25.00 |
Only applies in months where total processing fee equal less than $25.00 |
To accept payment in both Canadian and U.S. dollars: |
| One-time set-up fee |
$299.00 |
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| Monthly account fee |
$54.95 |
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| Transaction Fee |
$0.29 |
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| Merchant Discount Rate |
3.49% |
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| Minimum Processing Amount |
$25.00 |
Only applies in months where total processing fee equal less than $25.00 |
| Apply today! |
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Disclosures: Some transactions may process at a slightly higher rate or transaction fee as determined by Mastercard® and Visa®. These non-qualifying rates may apply to corporate or government purchase cards, debit cards, or cards from foreign banks. For a complete explanation of all rates and fees, contact us.
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“If you are a coach or professional and are serious about your business you need the ability to accept credit and debit cards. Practice Pay is hands-down the best provider of merchant accounts. The fees are minimal and the peace of mind and professionalism that comes with handling billing this way far exceeds the cost. In addition, Practice Pay provides unsurpassed customer service and support. One of the best investments a coach can make in their business!”