About Moneris
Moneris Solutions Corporation was founded in 2000 as a joint venture between the Royal Bank of Canada (RBC) and the Bank of Montreal (BMO) — two of Canada's "Big Five" banks. Headquartered in Toronto, Ontario, Moneris is Canada's largest payment processor by transaction volume.
The company serves over 325,000 merchant locations across Canada and processes more than $60 billion in transactions annually. Its payment infrastructure is deeply integrated with Canadian banking systems, making it the preferred processor for many large Canadian retailers, hospitals, municipalities, and institutions.
Moneris Pricing (2026)
Moneris pricing is not publicly listed — you must contact their sales team for a quote. This is a significant drawback compared to transparent processors like Helcim or Stripe.
Based on publicly available information and industry reports, typical Moneris pricing looks like:
| Plan | Monthly Fee | Transaction Rate |
|---|---|---|
| Moneris Go (Basic) | $24.95 CAD/month | ~2.65% (in-person) |
| Moneris Go (Plus) | $49.95 CAD/month | ~2.45% (in-person) |
| Custom Enterprise | Negotiated | Interchange+ possible |
| Terminal Rental | $24.95–$34.95/month | Included with plan |
Important: Moneris typically locks merchants into 2–3 year contracts with early termination fees. Read the fine print carefully before signing.
Moneris Features
Moneris Go — Mobile POS
Moneris Go is their mobile payment solution — a card reader that pairs with the Moneris Go app on iOS or Android. It accepts tap, chip, and swipe and includes basic inventory and reporting. Rental cost is built into monthly plan fees.
Moneris Terminals
Moneris offers a range of countertop and wireless POS terminals including the Ingenico series. These are industrial-grade terminals common in Canadian grocery stores, pharmacies, and retail chains.
Moneris Gateway (eSelect Plus)
Moneris's online payment gateway allows merchants to accept payments on their website. It integrates with major Canadian e-commerce platforms including Shopify, WooCommerce, and Magento. The gateway includes Interac Online support.
Canadian-Specific Features
- Full Interac debit support (tap, chip, swipe)
- Interac Online for e-commerce
- Canadian dollar settlement (no currency conversion)
- PIPEDA-compliant data handling (Canadian privacy law)
- French language support (important for Quebec merchants)
- Dedicated Canadian customer support
✅ Pros
- 100% Canadian company (RBC/BMO owned)
- Best-in-class Canadian infrastructure
- Dedicated account managers
- Full French language support
- Deep Interac integration
- Trusted by major Canadian institutions
- Strong enterprise feature set
- Canadian customer support
❌ Cons
- Monthly fees ($24.95–$49.95+)
- Long-term contracts with cancellation fees
- Pricing not transparent — must call for quotes
- Higher overall cost for small businesses
- Older technology vs. Stripe or Helcim
- Terminal rental adds cost
- Less developer-friendly API
Who Should Use Moneris?
- Large Canadian retailers and chains
- Businesses processing $500,000+ per month
- Quebec businesses needing full French-language support
- Businesses whose bank is RBC or BMO (simplified setup)
- Government and institutional buyers
- Businesses needing dedicated Canadian account management
Who Shouldn't Use Moneris?
- Small businesses (monthly fees make Helcim cheaper)
- Online-only businesses (Stripe or Helcim offer better APIs)
- Businesses that want contract-free processing
- Startups (approval process is slower)
🏆 Our Verdict
Moneris earns 7.8/10. It's the most reliable, most Canadian, and most enterprise-capable processor in the country. But its monthly fees, long-term contracts, and opaque pricing make it a poor fit for small businesses.
For SMBs, Helcim provides similar Canadian ownership at far lower cost. Moneris shines for large enterprises that need dedicated Canadian infrastructure and support.