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Why Use CanadaPay?
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For the merchants:
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Officially authorized by WeChat and Alipay, CanadaPay will facilitate the use of these mobile payments with local merchants in Canada. We are local, born and raised, and we are very knowledgeable of the dynamic merchant landscape.
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CanadaPay's transaction fees will be unbeatable. With rates as low as 1.5% it is much lower than Visa, Mastercard or American Express. CanadaPay also takes care of installation costs and maintenance of the system.
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That's the advantage!
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We can help you
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Quick settlement time: T + 1​ or even T + 0!
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Hassle free currency conversion: Users pay in RMB and payments are made to the merchant in CAD. WechatPay & AliPay's official clearing partners in Canada will oversee the settlement. Don't be fooled by others without this important backing.
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Records of payment: Better management as both the customer and merchant receives a notification after the payment is made.
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Easily integrated payment system: CanadaPay has partnered with a worldwide fintech company with a rock solid reputation.
Code of Conduct
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On April 13, 2015, the federal government released the new “voluntary” Code of Conduct for the Credit and Debit Card Industry in Canada as outlined by the Financial Consumer Agency of Canada (FCAC). The code was created to address the concerns of merchants regarding some of the business practices of credit and debit card networks, issuers and acquirers.
CanadaPay has adopted the code and abides by the policies outlined to ensure compliance. The code is incorporated in its contracts, pricing policies and overall business practices.
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The purpose of the Code is to demonstrate the industry’s commitment to:

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  • Ensuring that merchants are fully aware of the costs associated with accepting credit and debit card payments thereby allowing merchants to reasonably forecast their monthly costs related to accepting such payments.

  • Providing merchants with increased pricing flexibility to encourage consumers to choose the lowest-cost payment option.

  • Allowing merchants to freely choose which payment options they will accept.

 

 

CanadaPay abides by the code and is committed to meeting its clients’ merchant service needs by providing valued mobile payment solutions which make a positive impact to their businesses.

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              More information can be found here: 

https://www.canada.ca/en/financial-consumer-agency/services/industry/laws-regulations/credit-debit-code-conduct.html

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