Best Payment Processing in Canada and Merchant Services.
- All credit card transactions are - Interchange plus 0.15%
- All merchant accounts include a payment processing terminal and a virtual merchant account.
- NO unexpected fees, just honest transparent payment processing fees.
A few of our clients.
All of our merchant services include:
24/7 Support / Online Portal
Get the help you need when you need it most. Send us an email, or drop us a line, or chat with us online at any time.
Real-Time Reporting
Log in to your merchant account to view transactions, batches, settlements, and disputes. Filter data and export reports.
Security Updates
We are keeping your POS hardware up to date automatically with the most recent security and industry protocols.
Next-Day Funding
All of our merchant accounts Funds are deposited into your bank account on the next business day, so your cash flow stays healthy.
Hassle-Free Compliance
Get up to $150,000 more in protection than regular PCI, and reduce the time spent confirming compliance by 60%.
Fraud Prevention
We keep your business safe with dispute notifications, chargeback support, and e-commerce transaction fraud detection.
Payment processing equipment and software simplified. All merchant accounts include a credit card payment processing terminal and a virtual merchant account!
What is a Virtual Merchant?
A virtual merchant is a business that sells products or services and offers the flexibility to accept payments from anywhere, making it easy for customers to complete transactions in various formats. This approach leverages technology to streamline payment processing and enhance customer experience.
Examples of Virtual Merchants:
- Computer with a Virtual Terminal: Allows businesses to input credit card details manually.
- E-commerce Websites: Accept online payments seamlessly.
- Mobile Payment Apps: Enable payments during trade shows or remote events.
- POS Systems with Credit Card Terminals: Used at physical storefronts for in-person transactions.
Benefits of Virtual Merchant Accounts:
- Flexible Payment Options: Accept payments via computer, smartphone, tablet, or traditional terminals.
- Unified Account Management: A single merchant account covers all payment methods, simplifying the management and tracking of transactions.
- Convenient Payment Solutions: Combine options such as phone payments, mail orders, and mobile apps.
How Does a Virtual Merchant Account Work?
A virtual merchant account integrates with a payment gateway and a virtual terminal to facilitate credit card payments online. Top merchant service providers often offer:
- Free Virtual Terminals: Streamline online payment acceptance.
- Mobile Apps: Process payments from mobile devices effortlessly.
- Competitive Pricing: Ensure businesses get the most value for their investment.
Steps to Set Up a Virtual Merchant Account:
- Choose the Right Merchant Service Provider: Look for providers that offer a free virtual terminal and mobile app options.
- Complete a Merchant Connect Form: This step will help you receive rate comparisons from top providers.
- Review and Compare Quotes: Compare different rates and service features to find the best fit for your business needs.
Key Features to Look for in a Virtual Merchant Service:
- Integrated Payment Solutions: Support for both online and in-person transactions.
- Advanced Security Measures: Ensure that your provider offers tools to prevent fraud and protect customer data.
- Ease of Use: Intuitive interfaces for virtual terminals and mobile payment processing apps.
- Cost-Effective Solutions: Competitive rates that provide value without sacrificing quality.
Final Thoughts on Choosing a Virtual Merchant Service:
Selecting the right virtual merchant service is crucial for enhancing your business’s payment processing capabilities. Our payment processing rates a simple, Interchange pass through plus 0.15 percent. see transaparent pricing here.
Get started today and elevate your business with seamless payment solutions tailored to your needs!
Transparent Payment Processing Pricing with No Surprises.
At MOBOPAY, we believe in straightforward, competitive pricing. We offer processing rates at Interchange plus 0.15% with:
- No Negotiations: What you see is what you get.
- No Monthly Minimums: No hidden fees or thresholds to meet.
- No Surprises: Simple, clear, and transparent.
It’s really that simple—no catches, just seamless payment processing that puts your business first.
Ready to get started? Contact us today and experience transparent payment processing like never before!
A Comprehensive Guide to Credit Card Payment Terminals
Credit card payment terminals are crucial for businesses to process transactions quickly and securely. From traditional wired models to advanced smart terminals, these devices are designed to cater to various business needs. Below, we’ll explore the types, features, and functions of credit card payment terminals to help you make an informed choice for your business.
What is a Credit Card Payment Terminal?
A credit card payment terminal is an electronic device that processes credit and debit card transactions, facilitating payments between customers and businesses. These devices connect to payment processors or banks to authorize and complete payments securely.
Key Functions of Payment Terminals:
- Processing credit and debit card payments.
- Verifying cardholder information and authorizing transactions.
- Printing or sending digital receipts.
- Encrypting data for secure transactions.
Types of Credit Card Payment Terminals
1. Traditional (Wired) Payment Terminals
- Overview: Connects through Ethernet or phone lines for steady, reliable performance.
- Best For: Fixed locations such as retail stores or service-based businesses.
- Features:
- High-speed, stable transaction processing.
- Supports EMV, NFC, and magstripe payments.
2. Wireless Payment Terminals
- Overview: Operate using Wi-Fi, 4G/5G, or Bluetooth, offering portability.
- Best For: Businesses with flexible checkout points, such as restaurants with tableside service or pop-up shops.
- Features:
- Rechargeable, long-life battery.
- Integrated receipt printer.
- Support for multiple payment methods, including NFC and chip cards.
3. Mobile Payment Terminals
- Overview: Small, portable devices that connect to a smartphone or tablet through an app.
- Best For: On-the-go businesses like food trucks, market vendors, or service providers.
- Features:
- Lightweight and compact design.
- Easy integration with mobile POS software.
- Supports contactless and chip card payments.
4. Smart Payment Terminals
- Overview: Advanced devices with touchscreen interfaces and app support.
- Best For: High-volume businesses that need multifunctional devices for more than just payments.
- Features:
- Customizable apps for loyalty programs and inventory management.
- High-resolution touchscreen for an intuitive user experience.
- Enhanced security features with biometrics.
5. Virtual Payment Terminals
- Overview: Software-based solutions that allow businesses to process card-not-present transactions online or via phone.
- Best For: Customer service call centers, remote businesses, and e-commerce platforms.
- Features:
- No physical hardware required.
- Easy integration with existing online payment systems.
- Real-time transaction tracking and reporting.
Key Features of Modern Payment Terminals
EMV Chip Reader
- Function: Reads embedded chips for secure payments.
- Benefit: Reduces fraud through dynamic, unique data for each transaction.
Contactless Payment (NFC)
- Function: Accepts tap-to-pay cards and mobile wallet payments (e.g., Apple Pay, Google Pay).
- Benefit: Provides fast, touch-free payment options.
Multi-Payment Methods
- Function: Processes chip, swipe, contactless, and mobile wallet payments.
- Benefit: Meets a wide range of customer payment preferences.
Advanced Encryption and Tokenization
- Function: Encrypts sensitive data and replaces it with tokens for added security.
- Benefit: Enhances payment security and compliance with PCI DSS standards.
Customizable Receipts
- Function: Allows for printed or digital receipts sent via SMS or email.
- Benefit: Offers customers the option of receiving proof of purchase in their preferred format.
Integration with Business Software
- Function: Connects to CRM, ERP, and accounting systems.
- Benefit: Streamlines business operations and improves inventory and financial management.
Remote Management Capabilities
- Function: Enables remote diagnostics, software updates, and maintenance.
- Benefit: Minimizes downtime and ensures devices are up-to-date.
Multi-Language Support
- Function: Provides multilingual interfaces for diverse customer bases.
- Benefit: Improves user experience for businesses operating in multilingual regions.
QR Code Payment Support
- Function: Generates QR codes that customers can scan to complete payments.
- Benefit: Enhances payment flexibility and provides a contactless solution that does not require physical card handling.
Robust Reporting and Analytics
- Function: Tracks transaction data and provides detailed reports.
- Benefit: Offers insights into sales trends, customer preferences, and business performance.
Fraud Prevention Tools
- Function: Includes real-time fraud detection, CVV validation, and address verification service (AVS).
- Benefit: Reduces fraudulent transactions and chargebacks, protecting both the merchant and the customer.
Loyalty and Rewards Program Integration
- Function: Supports programs that reward customers for repeat purchases.
- Benefit: Boosts customer retention and enhances the overall shopping experience.
How to Choose the Right Payment Terminal
When selecting a credit card payment terminal, consider the following:
- Business Type: Fixed locations may prefer traditional wired terminals, while mobile and smart terminals suit on-the-go businesses.
- Transaction Volume: High-volume businesses may need faster processing and integrated features.
- Customer Preferences: Ensure support for modern payment methods, including mobile wallets and contactless options.
- Security Requirements: Choose terminals with encryption, tokenization, and fraud prevention capabilities.
- Budget: Evaluate initial costs, processing fees, and the value of included features.
Conclusion
Credit card payment terminals are essential for businesses looking to streamline payment processes and offer multiple transaction options. By understanding the types, functions, and features available, businesses can choose a terminal that suits their operational needs and enhances customer satisfaction. Investing in the right terminal can lead to smoother payment processing, increased security, and a better overall experience for your customers.
Get started today by choosing the best payment terminal for your business and enhance your payment processing with advanced features and seamless integration.
Educate yourself on merchant services and payment processing
Subscription / Recurring Payments
The fastest way for your business to bill customers with subscriptions or invoices. Capture more revenue, support new products or business models, and accept recurring payments globally.
Payment Processing
Taking payments is fast, painless and secure, allow us to teach you more about payment processing, from preventing fraud and more.
POS Apps / Additional Hardware
Learn more about adding additional hardware to you POS like barcode scanners, cashdrawers, printers card readers and downloading and installing the correct Apps for your POS
Virtual Terminal
You can easily accept online payments by entering your customer's credit card information or by sending a bank payment request using your computer, tablet, or mobile phone without needing any additional hardware or a physical terminal.
Developer
Connect to third party apps, and or build your own custom solutions with our Developer or Market APIs
Invoicing
Send digital invoices and estimates, accept payments, send reminders, and track which invoices are paid and unpaid from anywhere. They can also buy now and pay later with our software.
Our Payment Processing Packages
Choose from our affordable packages and pay these fees for only 48 months! All of our rates are guaranteed and the equipment has a life time warranty and technology replacement guarantee.
Wired Payment Terminal
$39.99
What’s included:
- One Wired Payment Terminal
- *Interchange Plus 0.09% pricing
- Online Reporting
- Next Business Day Settlement
- Around The Clock Support
Wireless Payment Terminal
$39.99
What’s included:
- One Wireless Payment Terminal
- *Interchange Plus 0.09% pricing
- Online Reporting
- Next Business Day Settlement
- Around The Clock Support
All In One POS
$34.99and up
What’s included:
- One Clover, Veloce POS, Maitre’D
- *Interchange Plus 0.09% pricing
- Online Reporting
- Next Business Day Settlement
- Around The Clock Support
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Frequently asked questions about merchant services, payment processing.
The only setup fees we would charge would be third party vendor fees passed directly to you if applicable, and or any software or custom API/SDK fees passed directly to you at cost.
Otherwise we do not have any setup fees setting your business up for a merchant services account!
Some fees may also not be applicable to your business type.
If we aren’t earning your business month after month, then why should you be penalized for leaving?
All merchant accounts have a 3-4 year contract. please feel free to see our contract in full prior to setting up a merchant account for true transparency.
ABSOLUTELY NOT.
This is another red flag. If you have a bad month, some merchants will charge you for it. We think that’s ridiculous, considering they earn money for every transaction — meaning they earn more on your good months.
It should be a partnership, not a relationship where the merchant service provider beats you while you’re down.
During the setup with your merchant services adviser we will ask you all the right questions to ensure underwriting understands your business growth so you have zero delay’s in funding, but otherwise the short answer is NO.
Chargebacks are the PAIN in merchants’ backs, and reputable MSPs like MOBOPAY offer your business chargeback assistant to help fight back against fraud and customer chargebacks. We have a portal that will show you charge backs so you don’t have to wait for that letter in the mail too…
Just because you have PCI-compliant software doesn’t mean you’re PCI compliant.
PCI compliance is its whole little world, and some merchant services providers leave it all up to you while others proactively equip you with the best resources and software.
Partnering with SecureTrust helps you better serve our merchants—and foster customer loyalty—by offering products and services that take the pain out of data security and Payment Card Industry (PCI) compliance.
Nothing is worse than have an outage during a rush and your MSP not being there to help. 24/7 technical support is the only way to go and your in luck because we pride our self in working harder and your a human being not a ticket.
For all approved ethical business types, we charge Interchange plus 0.09%, for all other business types that fall into different risk categories the rates are based on many factors associated with your business structure type. Fear none – no need to worry as we specialize in HIGH-RISK payment processing.
in some cases we offer a free gift card program, setup and free gift cards to get your gift card program up and running. All you need to do is just pay the monthly fees associated with the gift card account.
No problem, because your business in important to us, we will pay out current contract cancelation and penalty fees to switch you over. Some restriction’s may apply.
All over our merchant accounts come setup for next business banking day deposits except on weekend.
No! You can use your present bank account, supported by your financial institution or credit union. Sole proprietors can use a personal bank account. Incorporated business and partnerships are required to use a business bank account.
Law firms and other businesses that require separate trust and operating bank accounts can setup the deposits and fees to 2 bank accounts.
That’s great, We would love to earn your trust and save you hundreds or thousands of dollars each and every year. You can contact us directly at 1-877-242-2009 Ext-101 or email setup@mobopay.ca and or have us give you a call by Clicking Here and or if a team member is available click on the Chat Now icon on the (right side) – bottom of the screen
Call us anytime!
Toll Free Phone: 1-877-242-2009
Toll Free Fax: 1-877-492-0516
Email us anytime!
email: sales@mobopay.ca
email: support@mobopay.ca
Address, by appointment only.
601 Magnetic Drive
601 Magnetic Drive
North York, ON M3J 3J2
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