When it comes to accepting payments online, Canadian businesses need reliable payment gateways that can cater to a global audience. With so many options available, it can be overwhelming to choose the right one. To make it easier for you, we have compiled a list of the top 10 payment gateways in the world for Canadian businesses. We considered factors like security, ease of use, fees, and customer support.
- Stripe
Stripe is a popular and easy-to-use payment gateway. It offers good security and competitive fees. Stripe also provides useful features like fraud protection, recurring billing, and invoicing.
- PayPal
PayPal is widely recognized and accepted by merchants and customers. It is easy to use and offers different payment options, including credit cards, debit cards, and PayPal balance.
- Authorize.Net
Authorize.Net is a well-established payment gateway with many features and integrations. It is a good choice for businesses that process a high volume of payments.
- Square
Square is a popular payment gateway for small businesses. It is easy to use and offers features like invoicing, customer management, and reporting.
- Braintree
Braintree is known for its fraud protection and security features. It is a good choice for businesses that need to accept payments in different currencies.
- Adyen
Adyen is a global payment gateway with features like fraud protection, recurring billing, and invoicing. It is suitable for businesses that process payments in multiple currencies.
- Worldpay
Worldpay is a global payment gateway with features like fraud protection, recurring billing, and invoicing. It is a good choice for businesses that process payments in multiple currencies.
- 2Checkout
2Checkout offers features like fraud protection, recurring billing, and invoicing. It is suitable for businesses that process payments in multiple currencies.
- Payflow Pro
Payflow Pro is a payment gateway that is part of PayPal. It offers features like fraud protection, recurring billing, and invoicing.
- First Data Global Gateway
First Data Global Gateway is a payment gateway with features like fraud protection, recurring billing, and invoicing. It is suitable for businesses that process payments in multiple currencies.
When choosing a payment gateway, it is important to consider your specific needs. Think about the types of payments you want to accept, the volume of payments you expect, and the features you need.
It is also important to compare the fees charged by different payment gateways. Some charge a monthly fee, while others charge a percentage of each transaction. Some gateways may also have additional fees for features like fraud protection and recurring billing.
For Canadian Businesses: Additional Considerations
If you are a Canadian business, there are a few extra things to think about when choosing a payment gateway:
- Interac Acceptance: Many Canadian customers prefer using Interac for online payments. Make sure the payment gateway you choose supports Interac.
- Taxes: In Canada, businesses must collect sales tax on online sales. Check if the payment gateway can handle sales tax collection.
- Compliance: Canadian businesses have to follow regulations for online payments. Make sure the payment gateway you choose is compliant with the necessary regulations.
Considering these factors will help you choose a payment gateway that meets your needs and enables your Canadian business to accept payments and grow globally.
