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Credit Card Payment Processing Services in Canada Procurement Price, Data and Insights
This report is intended to assist buyers of credit card payment processing services. A credit card payment processor acts as a liaison between the buyer, or merchant, and the cardholder's issuing bank during a credit card transaction. Suppliers communicate with issuing banks through a secured network referred to as the payment gateway, wherein the payment is requested, authorized and routed back to the merchant. This service can be purchased as a combination of payment gateway, processor and merchant account services.
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What’s included in this market coverage
IBISWorld's research coverage on the Credit Card Payment Processing Services procurement and pricing environment in Canada includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Credit Card Payment Processing Services market in Canada includes Online Payment Processing, In-Person Payment Processing and Manual Entry Payment Processing. Standard coding in this coverage includes ISIC-6619-Other activities auxiliary to financial service activities, NACE-66.19-Other Activities Auxiliary To Financial Services, Except Insurance And Pension Funding, NAICS-522320-Financial Transactions Processing, Reserve, and Clearinghouse Activities and UNSPSC-84141602-Credit card service providers.
What common market terminology is included?
Common market terminology included in the Credit Card Payment Processing Services procurement coverage includes Card Association (A specific credit card company (i.e. VISA, MasterCard, American Express, Discover).), Chargeback (The process of refunding a customer for a card-based purchase of a product or service, similar to a refund.), Independent Sales Organizations & Merchant Service Providers (Third-party providers of merchant services accredited by a bank.), Issuing Bank (A bank that offers card association branded cards directly to consumers.), Merchant (A business that sells products or services, usually produced by others, and accepts compensation through various payment methods.), EMV Chip (Technology in payment cards that use integrated circuits to prevent fraudulent charges.) and Near-Field Communication Technology (A form of communication between two electronic devices, one of which is usually a portable device, such as cellular phones and special credit cards with NFC chips.).
What companies are included as top suppliers?
The top companies covered in the Credit Card Payment Processing Services procurement report as suppliers are JPMorgan Chase & Co., KORT Payments Inc., Moneris Solutions Corporation, Shopify Inc. and Block, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Credit Card Payment Processing Services market in Canada category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) percent fee per transaction, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Credit Card Payment Processing Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Credit Card Payment Processing Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Credit Card Payment Processing Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Credit Card Payment Processing Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Credit Card Payment Processing Services?
The 2026 benchmark market price for Credit Card Payment Processing Services is 3 percent fee per transaction. Prices have increased at a CAGR of 1.23 from 2023-26.
Who are the top vendors in the Credit Card Payment Processing Services market?
The top vendors in the Credit Card Payment Processing Services market include JPMorgan Chase & Co., KORT Payments Inc., Moneris Solutions Corporation, Shopify Inc. and Block, Inc..
What factors affect the price of Credit Card Payment Processing Services?
Nonswiped transactions cost more to process due to the higher risk of fraud and chargebacks.
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