Moneris vs Square
Square scores higher overall (81 vs 70), but the right choice depends on your size and card mix. The best starting point in payments — unbeatable free tooling and effortless setup, at a flat rate you will eventually outgrow.
Updated 2026-08-10Moneris
Canada's largest acquirer with negotiable interchange-plus
70/ 100
2.7Merchant Score
- Pricing
- 3.8
- Features
- 3.6
- Ease of use
- 3.1
- Customer support
- 3.4
- User reviews
- 2.9
- Pricing model
- Interchange-plus (negotiable)
- Headline rate
- 2.85% + CA$0.30 online · 2.65% + CA$0.10 in person
- Monthly fee
- CA$45/mo
- Contract
- Typically 3 years, early termination fee
- Payouts
- 1-2 business days
- Hardware
- Rented, ~$35-60/mo per terminal
Strong fit for
- Canadian merchants processing $15k+/month
- Businesses with heavy Interac debit volume
- Multi-terminal retail and hospitality
Square
Flat-rate simplicity with free POS software
81/ 100
4.0Merchant Score
- Pricing
- 3.5
- Features
- 4.5
- Ease of use
- 4.8
- Customer support
- 3.3
- User reviews
- 4.0
- Pricing model
- Flat rate
- Headline rate
- 2.9% + $0.30 online · 2.6% + $0.15 in person
- Monthly fee
- None
- Contract
- None — month to month
- Payouts
- 1-2 business days
- Hardware
- Reader free, terminal $299
Strong fit for
- New businesses taking their first card payment
- Sellers under ~$10k/month who value predictability
- Pop-ups, markets, and mobile sellers
More comparisons
- Chase Payment Solutions vs Moneris
- Chase Payment Solutions vs Square
- Clover vs Moneris
- Clover vs Square
- Helcim vs Moneris
- Helcim vs Square
- Lightspeed vs Moneris
- Lightspeed vs Square
Or browse every head-to-head comparison.
Which one is cheaper for your business?
Averages hide your card mix. Upload one statement and we project your exact costs on Moneris, Square, and every other provider we track.
Get your free rate report