for Canadian Merchants.
are the fees for becoming a Canadian Merchant?
All fees are in U.S. dollars.
- Discount Rate 2.79%
(charged on gross sales)
- Minimum Monthly
Disc Fee $25
- Transaction Fee
$0.35 (per sale or refund processed)
- Batching Fee
- Monthly Statement
- Charge Back Fee
I have to have a US Bank Account?
Yes. You must have a US Checking Account. We will provide the contact
necessary to apply for a US Checking Account. You will be required to fill
out documentation to open the account, provide a letter of reference from
your current bank, a photo ID and an initial deposit of US$100. There are
no charges for setting up this checking account.
What Forms does
the processing bank require for a Canadian Merchant Account?
- Card Not Present
- System Integrator
- Statement of Net
Worth. (If required.)
- Corporate Resolution.
- Partnership Agreement.
- LLC Certificate.
- Guarantees. Each
principal listed on the Application should complete and sign.
Are other documents
required for a Canadian Merchant Account?
- A voided check
for the US checking account into which funds are to be deposited.
- Payment of your
$99 application/setup fee in US dollars only. This must be made by check
- A copy of the Articles
of Organization of your LLC. (For LLC's only.)
- If you already
accept credit cards, your three most recent major credit card merchant
- Your American Express
merchant number, if you already accept this card. If you do not, you
will have to contact American Express directly to establish a merchant
materials, business plan excerpts, background information, press clipping
or other information on the business and its principals that may assist
us in gaining credit approval for your account.
- Photographs of
your business premises.
- Financial Statements.
Personal and/or business financial statements are required of businesses
that sell primarily by Internet. .
long will it take before my Merchant Account is approved?
Approximately 30 days.
I complete the online merchant application?
No, when you contact us we will email all the paperwork that is necessary
to open a Canadian Merchant Account.