Moneris vs TD Merchant Solutions rates in 2026: Canadian processor comparison

Our Moneris vs TD Merchant Solutions comparison of published pricing against real-world statement data reveals a clear winner for low-volume merchants. Moneris card-present flat-rate pricing yields a 1.81% effective rate. This undercuts the 1.87% blended effective rate we observe across 15 real TD Merchant Solutions statements. Moneris publishes standard flat-rate card-present pricing at 2.65% + CA$0.10 for credit cards and CA$0.12 per transaction for Interac debit. For online transactions, Moneris charges 2.85% + CA$0.30 for credit and CA$1 per transaction for Interac debit. Moneris also offers Simplified Pricing on an Interchange Plus structure. This plan charges wholesale interchange and network assessments at cost plus a 0.4% Moneris transaction fee markup, with an additional 0.8% foreign card payment fee applying across all plans.

TD Merchant Solutions does not publish a standardized rate card online. Instead, it customizes pricing for each business based on existing banking relationships with TD Bank Group, making parity between quotes and actual costs difficult to verify. Across the 15 merchant statements we analyze in our database, TD Merchant Solutions produced a 1.87% blended effective rate. Moneris, operated jointly by RBC and BMO prior to its announced acquisition by Francisco Partners in August 2026, remains Canada's largest payment processor by volume. TD Merchant Solutions ranks alongside it in the top five Canadian payment processors.

At monthly card processing volumes of CA$10,000 and CA$25,000, Moneris card-present flat-rate pricing delivers the lowest total processing cost. It leverages Canada's flat per-transaction Interac debit fees to beat both Moneris Interchange Plus and TD Merchant Solutions' observed 1.87% rate. At CA$10,000 per month in card volume with a CA$50 average sale, reflecting 200 total transactions split 60% credit and 40% debit, the Moneris card-present flat rate costs CA$180.60 per month (CA$2,167.20 per year). This results in a 1.81% all-in effective rate with debit billed at CA$0.12 per transaction. Moneris Simplified Pricing on Interchange Plus costs CA$194 per month, generating a 1.94% all-in effective rate under an assumed 1.54% average credit interchange plus the 0.4% markup when debit is priced the same as credit. Moneris online flat rate costs CA$287 per month, producing a 2.87% effective rate with debit billed at CA$1 per transaction. This creates a spread of CA$1,276.80 per year between Moneris's cheapest and most expensive plans at CA$10,000. TD Merchant Solutions lands in the middle, sitting higher than the Moneris card-present flat rate but lower than Moneris Interchange Plus.

Scaling volume to CA$25,000 per month with a CA$50 average sale represents 500 transactions split 60% credit and 40% debit. Here, the Moneris card-present flat rate totals CA$451.50 per month (CA$5,418 per year), maintaining its 1.81% all-in effective rate. Moneris Simplified Pricing on Interchange Plus totals CA$485 per month, maintaining its 1.94% all-in effective rate. The Moneris online flat rate reaches CA$717.50 per month at a 2.87% effective rate. This widens the annual spread between plans to CA$3,192. Moneris card-present flat rate remains cheaper than Moneris Simplified Interchange Plus at every volume level with this transaction mix. Interchange Plus runs a 1.94% marginal rate versus 1.81% on flat rate and carries no extra fixed monthly cost.

Moneris Interchange Plus pricing automatically passes credit card network interchange reductions directly to the merchant. Flat-rate and tiered plans from Moneris or TD Merchant Solutions frequently retain network fee cuts as processor profit margin. In October 2024, credit card network rules established small merchant interchange reductions. These rules capped Visa small merchant rates at 0.95%, setting specific entry rates like Visa Consumer Electronic Small Merchant at 0.77% and Visa Infinite Privilege CNP Small Merchant at 2.3%. Networks define eligible small businesses as those processing under CA$300,000 annually in Visa volume and under CA$175,000 annually in Mastercard volume.

Under an Interchange Plus structure, network fee cuts automatically flow to the business. The processor passes wholesale interchange through at cost, applying only its fixed 0.4% markup. In contrast, flat-rate options like Moneris's 2.65% + CA$0.10 rate and the tiered pricing models commonly deployed by TD Merchant Solutions do not automatically pass down interchange reductions. Tiered and flat-rate providers usually absorb network savings as internal margin. Moneris pricing structures on non-interchange-plus models also remain subject to quarterly fee revisions. These can include adjustments to non-qualified card rates or new monthly assessments.

TD Merchant Solutions leverages existing bank relationships to offer same-day funding for TD banking clients. Moneris relies on standard multi-year contracts carrying cancellation fees between CA$250 and CA$300. Moneris standard agreements typically span 3 to 4 years, or 3 years with automatic 1-year renewals. These include setup fees of approximately CA$250 alongside early termination fees ranging from CA$250 to CA$300 and recurring monthly or quarterly PCI compliance fees. In August 2026, RBC and BMO announced an agreement to sell Moneris to the U.S. investment firm Francisco Partners. Moneris recently expanded its technology capabilities. The processor introduced an Intuit QuickBooks integration in May 2026, launched a Model Context Protocol server for secure agentic commerce in June 2026, and expanded Konek pay-by-bank checkout functionality across its API.

TD Merchant Solutions operates as a division of TD Bank Group. It provides merchants with a single relationship manager for corporate banking and merchant processing. TD charges setup fees, monthly account fees, chargeback fees, PCI compliance fees, and early contract termination penalties. You can identify these costs by reviewing a TD merchant statement. However, TD's direct integration with its business accounts provides immediate same-day funding advantages. Moneris allows merchants to negotiate interchange-plus rate structures and shorter contract durations upon request during account setup.