
Moneris provides a full range of payment processing solutions for businesses in Canada. This includes traditional point-of-sale (POS) systems, mobile payment terminals (e.g., Moneris Go), online payment gateways, ecommerce integrations, fraud prevention tools, and loyalty programs. Its suite also includes field services, on-site installation, and flexible devices for retailers, restaurants, and professional services.
Strengths of Moneris include its depth of offerings, broad industry coverage, and robust back-end tools for merchants of different sizes. It also benefits from strong financial backing and market leadership in Canada.
Weaknesses often reported by merchants involve pricing transparency, contract terms, and occasional support frustrations. Some smaller businesses may find rates and lock-in agreements less competitive compared to newer providers.
Moneris is Canada’s largest payment processor, providing point-of-sale systems, ecommerce payment gateways, and mobile payment solutions for businesses across Canada through a joint venture owned by Royal Bank of Canada and Bank of Montreal.
Moneris Gateway is their core ecommerce payment processing platform that allows businesses to accept payments online through websites, apps, or custom integrations.
Physical payment terminals used in-store for card-present transactions.
Light, long-lasting POS
Compact, Android-powered point-of-sale payment device designed for in-store, countertop, or integrated POS environments. It is mainly used by merchants who already have a POS system and want a dedicated customer-facing payment terminal for fast, secure card transactions.
POS
$34.95 per month
POS
$39.95 per month
Based on 205 reviews across 3 rating platforms
A mix of some positive and negative comments. Various complaints about contracts and equipment shipping.
Many praise customer service availability and helpful agents. Concerns include pricing, billing issues, and occasional glitches.
Mixed experiences; strengths cited include core features but some limitations noted in integration or depth of functionality.
Card-not-present, e-commerce, and online payments
Card-present retail and point-of-sale transactions
Manually entered card-not-present transactions
Cross-border and foreign currency transactions
Recurring monthly account fee
One-time account setup and onboarding fee
Annual PCI DSS compliance and security fee
Monthly account statement and reporting fee
Per-incident chargeback dispute fee
Fee for canceling before contract end
Regular deposit schedule to your bank account
Faster deposit option (may have additional fees)
Minimum balance required before payout
Required commitment period
Commonly 1 to 3 years, sometimes longer for equipment deals
How to terminate your account
requires written notice; early termination fees may apply depending on contract terms
Payment Card Industry Data Security Standard compliance level
PCI Level 1
Fraud detection and prevention tools
Risk monitoring, AVS checks, CVV verification, rule-based fraud screening
Encryption standards for data at rest and in transit
TLS/SSL for data in transit
Replace sensitive card data with secure tokens
Compatible shopping cart and online store platforms
Sync transactions with your accounting tools
Connect with customer relationship management platforms
Manage recurring subscriptions and billing cycles
Multi-vendor marketplace functionality
Accept payments manually via web interface
Automated recurring payment processing
Accept and process multiple currencies
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Based on 620 employee reviews
Support is generally considered reliable and knowledgeable, especially for technical and POS-related issues. However, response speed and billing-related resolutions receive mixed reviews depending on merchant size and contract type.
Estimate your monthly costs
This calculator provides an estimate based on available pricing information. Actual costs may vary. Contact Moneris for a personalized quote.