Moneris

What Moneris does

Moneris Solutions Corporation is Canada's largest merchant acquirer and payment processor, founded in 2000 as a joint venture between Royal Bank of Canada (RBC) and Bank of Montreal (BMO). The company processes roughly one in three commercial transactions in Canada, serving more than 325,000 merchant locations and handling over 5 billion transactions annually across in-store, online, mobile and unattended channels. Its stated annual revenue is approximately $700 million CAD, and in May 2026 its bank parents entered advanced talks to sell the business to Francisco Partners in a deal potentially exceeding $2 billion.

The product platform is built around a cloud-integrated payment processing stack that spans the Moneris Go device family (Terminal, Slim, PIN Pad and Unattended variants on Verifone Victa and Ingenico hardware), specialized POS systems (Moneris Total Commerce on Wix for omnichannel retail, Go Retail POS for SMB retail, and Go Restaurant POS built with TouchBistro), Tap to Pay on iPhone/Android, and ecommerce tools including Moneris Online, Moneris Gateway and the Moneris API/Developer Portal. Restaurant capabilities were deepened by the October 2021 acquisition of UEAT, adding AI-driven online ordering, self-serve kiosks and centralized order aggregation. Value-added services include Moneris Advance merchant cash advance, Installments by Visa, Fraud Tools (AI-powered transaction monitoring), Moneris Data Services, gift cards/loyalty, and the Moneris Go App Marketplace, supported by integrations with Wix, Shopify, Salesforce B2C Commerce, SAP, QuickBooks, TipTap and others.

Moneris makes money through three primary mechanics: per-transaction processing fees on credit and Interac debit (e.g., 2.45% + $0.10 on card-present retail, ~$0.12 on Interac), recurring hardware rentals ($34.95–$39.95/month per terminal) and recurring software subscriptions ($10/month Go Retail POS software; $19+/month Moneris Online; $123–$244/month Total Commerce tiers). Go-to-market is hybrid: product-led self-serve online signup and transparent pricing for SMBs, a dedicated enterprise field-sales motion for large merchants, and an extensive channel ecosystem of ISOs, member associations, integrated software vendors and corporate partners. In May 2026, RBC and BMO announced they were divesting their joint stake to Francisco Partners.

Name

Moneris

Legal name

Moneris Solutions Corporation

Website

https://moneris.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Moneris is Canada's largest payment processor, founded in 2000 as a joint venture between RBC and BMO, serving 325,000+ merchants with 5 billion+ annual transactions across in-store, online, mobile and unattended commerce channels via its Moneris Go terminal family and POS, ecommerce and restaurant software suite.

Ownership category

akta.pro rank

Product category

Payment Processing and Commerce Solutions

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAGABAE

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure

Financial & Insurance/Financial Technology (Fintech)/Payment Orchestration & Fintech Infrastructure (APIs, Issuing, Processing)

SECONDARYFSAMACAE

Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods)

Financial & Insurance/Payments & Transaction Processing/Payment Gateways & Orchestration

SECONDARYFSAMACAJ

Smart Routing, Cascading & Payment Optimization

Financial & Insurance/Payments & Transaction Processing/Payment Gateways & Orchestration

SECONDARYBPAMADAI

App Monetization & Subscription Management Platforms

Business & Public Services/Web, Mobile & Digital Platforms/App Stores, Distribution & Developer Platforms

Keywords

• Payment processing
• Merchant services
• POS solutions
• Payment terminals
• Ecommerce platform

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing Fees: Transaction-based fees charged on every payment processed through Moneris terminals and platforms. Rates vary by payment type (credit card vs Interac debit) and channel (in-store vs online)
2. POS Hardware Rental: Monthly rental fees for payment terminals including Moneris Go Terminal, Moneris Go PIN Pad, and other POS hardware devices
3. POS Software Subscriptions: Monthly software subscription fees for POS solutions including Moneris Go Retail POS ($10/month), Moneris Total Commerce ($123-$244/month), and Moneris Online ($19+/month)
4. Merchant Cash Advance: Moneris Advance provides business funding with repayment as a percentage of daily sales, generating revenue through the advance amount and fees
5. Gift Card and Loyalty Programs: Revenue from gift card programs and loyalty solutions including customizable cards with minimum orders of 200 and fast delivery
6. Value-Added Services: Additional services including Installments by Visa, Dynamic Currency Conversion, fraud protection tools, and data services

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels9 records

Core offering

Moneris provides end-to-end payment processing and commerce solutions for Canadian businesses, including portable and fixed payment terminals (Moneris Go Terminal, Slim, PIN Pad, Unattended), cloud-based POS systems for retail and restaurants, mobile contactless payments (Tap to Pay on iPhone and Android), ecommerce platforms (Moneris Online, Moneris Gateway, Moneris API), restaurant ordering solutions (UEAT), and value-added services such as merchant cash advances, gift cards, loyalty programs, fraud prevention tools, and data analytics. The company processes over 5 billion transactions annually across 325,000+ merchant locations, offering 24/7 bilingual customer support and unified commerce across in-store, online, mobile, and unattended channels.

Product overview

Moneris is Canada's leading commerce solutions provider offering a comprehensive platform of payment processing and POS solutions. The core offering includes the Moneris Go device family (Terminal, Slim, PIN Pad, Unattended) providing portable and fixed payment terminals for various business needs. The platform extends through specialized POS systems: Moneris Total Commerce (omnichannel retail POS built on Wix), Moneris Go Retail POS (small business retail), and Moneris Go Restaurant POS (quick-service restaurants via TouchBistro partnership). Mobile payment solutions include Tap to Pay on iPhone and Android. Ecommerce capabilities span Moneris Online (Wix-powered website builder), Moneris Gateway (payment gateway), and Moneris API (developer integration tools). Restaurant-specific solutions were expanded through the 2021 acquisition of UEAT, providing online ordering, self-ordering kiosks, order management (UEAT Hub), and tablet ordering (Uboard). Growth services include Moneris Advance (merchant cash advance), Gift Cards, Loyalty Programs, and Installments by Visa. Additional offerings encompass Fraud Tools (AI-powered real-time monitoring), Field Services, Data Services, and the Moneris Go App Marketplace. The company serves 325,000+ merchants processing 5+ billion transactions annually, backed by RBC and BMO.

Differentiator

Problem solved

Functional benefit

Brands

• Moneris Go: Line of portable POS terminals and payment solutions
• Moneris Go Terminal
• Moneris Go PIN Pad
• Moneris Go Retail POS
• Moneris Go Restaurant POS
• Moneris Total Commerce
• Moneris Online
• Moneris Gateway
• Moneris Kiosk
• UEAT
• Moneris Advance
• Moneris Data Services

Products and services

• Moneris Go Terminal Portable point-of-sale payment terminal that is secure, wireless, and accepts payments anywhere. Available in Onyx (Ingenico) and Ivory (VeriFone) variants with all-day battery life, built-in cellular connectivity, PCI PTS 6.X certification, and access to the Moneris Go App Marketplace.
• Moneris Go Slim Compact enterprise POS terminal featuring barcode reader, 6-inch touchscreen, Android 10 technology, all-day battery life, cellular connectivity, offline payment support, and PCI PTS v6 with PCI P2PE data encryption. Priced at $39.95/month.
• Moneris Go PIN Pad Compact Android-powered point-of-sale payment pad designed for fast, secure, integrated payment processing. Available in RX5000 (Ingenico, Android 11) and A35 (PAX, Android 10.x) models. Supports PIN, chip, tap, and swipe transactions with tokenization for recurring payments.
• Moneris Go Unattended Self-contained, weather-proof payment terminal for kiosks and self-serve point of sale. Features IP65 dust/water resistance, IK8 impact rating, high-definition 600 nits touchscreen for direct sunlight visibility, less than 6 watts idle power consumption, and PCI PTS v5 certification.
• Moneris Total Commerce All-in-one omnichannel POS system integrating retail POS with Moneris Online stores built on Wix. Unifies inventory, sales, analytics, and reporting across physical locations and ecommerce. Available in Complete ($123/month annual) and Advanced ($233/month annual) plans with optional POS hardware bundles.
• Moneris Go Retail POS Retail POS system combining feature-rich hardware with essential POS software. Includes inventory management, order processing, customer profiles, custom sales, and tip functionality. Software at $10/month plus $34.95/month hardware rental with 2.45% + $0.10 credit card processing rate.
• Moneris Go Restaurant POS Intuitive and affordable restaurant POS solution for quick-service operations. Cloud-integrated platform launched in partnership with TouchBistro, a Canadian-born complete restaurant POS and management system.
• Tap to Pay on iPhone Mobile payment solution allowing businesses to accept in-person, contactless payments directly on iPhone using the Moneris Go app. No additional hardware required. Uses built-in iPhone security features with Apple not storing card numbers on servers.
• Tap to Pay on Android Mobile payment solution enabling businesses to accept in-person, contactless payments on Android devices using the Moneris Go app with no additional hardware required.
• Moneris Online Ecommerce platform built on Wix enabling businesses to create websites for online selling. Includes 800+ designer templates, integrated sales analytics, inventory management, Amazon/Facebook marketplace integrations, and SEO tools. Plans start at $19/month.
• Moneris Gateway Payment gateway enabling merchants to integrate Moneris payment processing into existing websites. Supports secure online transactions with fraud protection tools.
• Moneris API Commerce APIs enabling developers to customize and integrate Moneris payment solutions into websites and applications. Available through the Moneris Developer Portal with cloud or direct integration methods.
• UEAT Online Ordering All-in-one online ordering platform for restaurants supporting takeout, delivery, and custom mobile apps. Features AI-based upselling, zero commission fees, and Google search/Maps integration for customer acquisition.
• Moneris Kiosk for Restaurants Self-ordering kiosk technology for restaurants designed to reduce lines and speed up ordering. Features automatic upselling, remote menu updates, centralized menu management, and 24/7 support at $34.95/month.
• UEAT Hub Order management system that centralizes all online restaurant orders including third-party aggregators (Uber Eats, DoorDash, Skip) into a single interface for managing operations with low staff.
• Uboard Restaurant tablet ordering system enabling easy management of menu, sales channels, orders, and more from a single tablet device.
• Moneris Advance Merchant cash advance program providing quick business funding. Pre-approved amounts deposited in less than 72 hours with automatic repayment as a percentage of each sale. No deadlines or hidden fees.
• Gift Card Program Customizable electronic gift card solution for small business websites. Minimum order of 200 cards with custom designs available, fast delivery within 1 week, and integration with existing Moneris POS terminals.
• Loyalty Program Customer loyalty programs to help businesses retain customers and drive repeat purchases. Integrates with Moneris POS systems.
• Installments Enabled by Visa Buy now, pay later solution allowing customers to spread payments over 3, 6, or up to 48 months. Merchants receive full purchase amount upfront while customers pay in monthly installments. No enrollment or credit check required for customers.
• Fraud Tools Advanced fraud prevention tools providing AI-powered real-time transaction monitoring and authentication. Multi-layered defense with customizable settings, 24/7 customer support, and instant alerts. Reduces chargebacks by identifying and declining high-risk online transactions.
• Moneris Field Services Nationwide end-to-end service and support including installation, upgrades, repairs, and on-site training. Available across Canada with flexible scheduling.
• Moneris Data Services High-frequency Canadian consumer insights to optimize business strategy. Provides transaction data analytics for understanding consumer spending patterns based on aggregated Canadian payment data.
• Moneris Go App Marketplace App marketplace for Moneris Go Terminal offering software and applications for download. Enables customer relationship management, workload management, inventory management, and delivery optimization through partner integrations.

Quantifiable outcome

• Over 5 billion transactions processed annually
• +4 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability3 records

Feature12 records

Partnerships

Seven partnerships are on record, tiered core.

• VerifonecoreTechnology or Integration · 3 February 2026Moneris became the first in Canada to leverage Verifone's Victa Portable platform, launching Moneris Go Terminal and Moneris Go PIN Pad. The partnership features PCI 7-ready technology, built-in cellular connectivity, and over 12 hours of battery life.
• Canadian Premier LeaguecoreGTM or Marketing Partner · 9 December 2025Moneris became Official Commerce Solutions Partner of the Canadian Premier League, beginning sponsorship and engagement initiatives. Partnership includes promotional activities, league event participation, and Moneris logo appearing on league jerseys starting in 2026.
• InteraccoreTechnology or Integration · 4 November 2025Moneris supports the KONEK e-commerce solution from Interac, allowing consumers to pay directly from their financial institution accounts. This collaboration with major Canadian financial institutions aims to improve online checkout security, reduce fraud, and lower cart abandonment.
• TouchBistrocoreStrategic or Co-development Partner · 1 October 2025Moneris launched Moneris Go Restaurant POS in October 2025 in partnership with TouchBistro, a cloud-integrated platform for small to mid-sized restaurants. TouchBistro is a Canadian-born complete restaurant POS and management system.
• UEATcoreStrategic or Co-development Partner · 6 October 2021Moneris acquired UEAT in October 2021 to expand digital commerce offerings for restaurants. UEAT provides online ordering solutions enabling omnichannel sales, customer data access, and addressing labor shortages for restaurant businesses through self-ordering kiosks, mobile apps, and centralized order management.
• WixcoreStrategic or Co-development PartnerMoneris Total Commerce integrates Moneris POS systems with Wix-powered online stores, providing an all-in-one omnichannel retail solution with unified inventory, sales, analytics, and customer management. Wix provides website building with 800+ templates and ecommerce tools.
• IngenicocoreTechnology or IntegrationIngenico manufactures the Moneris Go Terminal Onyx variant, featuring 6-inch touchscreen, 3350mAh battery, and PCI PTS 6.X certification. Ingenico is a global leader in payment terminal manufacturing.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Adyen: Adyen is a global payment processor offering unified commerce solutions for enterprise merchants. Comparable to Moneris as a merchant acquirer and payment processor, though Adyen serves large global enterprises with cross-border capabilities and lacks Moneris's SMB focus.
• Shopify: Shopify is a global commerce platform with Shopify Payments as a built-in payment processor. Comparable as a payment processor and commerce platform, particularly given Shopify's dominance among Canadian SMB merchants and its direct integration capabilities (Moneris partners with Shopify but also competes).
• Stripe: Stripe is a leading global payment processor with API-first developer platform, serving online and omnichannel merchants. Comparable to Moneris as a payment processor offering gateways, processing, and developer tools, though Stripe has stronger international reach and digital-native positioning.
• Block (Square): Block's Square offers integrated POS hardware and software solutions targeting SMBs and restaurants. Comparable to Moneris through its payment terminals (Square Reader), POS systems, restaurant solutions, and value-added services like cash advances (Square Capital), but operates globally with stronger software depth.
• Clover (Fiserv): Clover is Fiserv's SMB-focused POS and payments platform offering integrated hardware, software, and merchant services. Comparable to Moneris's Go Retail POS and omnichannel offerings targeting SMB merchants with similar hardware-software-payment bundles.
• Lightspeed Commerce: Lightspeed is a Canadian-headquartered commerce platform offering POS and integrated payments for retail and restaurant SMBs. Most direct comparable as a Canadian competitor with overlapping retail and restaurant verticals and integrated payment processing.

Broad incumbents

• Fiserv: Fiserv is a major global fintech and merchant acquirer with broad commerce and payments portfolio including Clover. Comparable as a merchant acquirer and POS provider, with overlapping capabilities in integrated payments, merchant services, and SMB commerce solutions.
• Global Payments: Global Payments is a large global payment processor and merchant acquirer. Comparable to Moneris as a major payment processor offering merchant acquiring and integrated commerce solutions, though operating at much larger scale and across more geographies.
• PayPal: PayPal is a global digital payments platform with merchant acquiring, online checkout, and POS (Zettle) capabilities. Comparable as a payment processor and online checkout provider, particularly competing with Moneris Online and Moneris Gateway in ecommerce and digital wallet payments.

Emerging players

• Toast: Toast is a leading restaurant-focused POS and payments platform in North America. Comparable to Moneris's restaurant solutions (UEAT, Moneris Go Restaurant POS, Moneris Kiosk) but with deeper restaurant-specific features and dedicated vertical focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Moneris
• YouTubeyoutube.com/channel/UC6MHIcqgAudiu-Z2P7-Xf8Q
• Facebookfacebook.com/moneris
• LinkedInlinkedin.com/company/moneris-solutions
• Instagraminstagram.com/moneris
• Pinterestpinterest.ca/Moneris
• TikToktiktok.com/@monerissolutions

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moneris