Elavon vs TD Merchant Solutions Interchange Plus (2026 Canada)

Elavon significantly undercuts TD Merchant Solutions on interchange-plus pricing in Canada. When we compare Elavon and TD Merchant Solutions using real statement data, Elavon achieves a 1.40% blended effective rate. TD Merchant Solutions sits at 1.87%.

Because the interchange-plus model passes underlying card network fees directly to merchants, the baseline costs remain identical for both payment processors. The entire pricing gap comes down to processor markup.

Our dataset shows Elavon operates on a much tighter margin than TD. Merchants processing card transactions in Canada pay significantly less markup when routing payments through Elavon.

Under an interchange-plus pricing model, processors pass exact card network costs directly to Canadian merchants. This interchange baseline remains non-negotiable. Payment card networks like Visa Canada set these fees directly.

Visa Canada's published rate table determines specific interchange pass-through pricing based on card type and transaction environment. For example, Visa Canada charges a 0.77% Small Merchant rate for a Consumer Electronic card. An Infinite Privilege card processed via card-not-present costs 2.3%.

Both processors pass these network rates along without alteration. Any variation in your final statement cost stems entirely from the processor markup. Evaluating processors requires looking specifically at the exact margin each provider adds above this shared baseline.

TD Merchant Solutions delivers an average blended effective rate of 1.87% across Canadian merchant statements analyzed by our team. This figure reflects the true total cost paid by businesses using TD under interchange-plus structures.

Our data draws from 15 real-world merchant statements processed by TD in Canada. As seen in our broader TD Merchant Solutions interchange rate analysis, these observations confirm TD adds a heavy processor markup on top of standard network fees.

Elavon Canada achieves a lower blended effective rate of 1.40% across real Canadian merchant statements. This pricing performance demonstrates that Elavon maintains a tighter processor markup than its major bank competitors.

Our analysis of five real merchant statements confirms this lower processing expense. As demonstrated in our Elavon effective rate breakdown, merchants using Elavon retain a larger portion of their revenue after processors deduct interchange and markup fees.

Elavon is the superior choice for Canadian merchants who want to minimize payment processing costs. Based on our statement analysis, Elavon's 1.40% blended effective rate provides a clear pricing advantage over TD Merchant Solutions.

TD Merchant Solutions, with its higher 1.87% blended effective rate, is hard to justify on processing cost alone. Choosing TD only makes sense for businesses requiring deep commercial banking integration with TD Bank that outweighs the higher processing expenses.

By keeping markups low, Elavon helps merchants achieve true parity between expected network costs and final processing fees.