Moneris Credit Card Processing & POS Review, Features & Pricing [2019]
Article by Chris Costi, Last update at November 26, 2019
Key Features
- Efficient payment solutions
- Cost effective
- End to end services
- Support and training
- Cloud platform
- Expertise
- On site implementation
- High speed connectivity
- Top priority security
- Point of sales
- Maximized cash flow
Pricing
The charges for the Moneris payment processing are worked out by adding the Interchange/wholesale discount percentage rate, plus the Network Assessment fee and the Transaction Fee. You can expect to pay around 2.00% Interchange fee and 0.08% Assessment Fee for normal transactions. Costs may vary depending on the type of credit or debit card used. For full information on these charges you can check their website POS systems, hardware and software including card readers of all kinds can be purchased directly from their website.
Things To Note
Moneris Solutions offer efficiency and effectiveness for your payment processing with exceptional customer support. Their technology solutions are cost effective and they provide Canada with support for warehousing, inventory management and additional services like kitting and reverse logistics. They offer industry leading end-to-end services and support that cover all aspects of the payment processing that your business will need. With over 1000 technicians and partners across Canada, they offer flexible scheduling and on-site support and training. You can streamline your business with one point of contact and take advantage of their offers to purchase or upgrade your POS system. The Moneris Cloud Platform will store the newest payment software in the cloud and be delivered directly to your point of sale devices. This way you will always be up to date with the latest software technology.
In A Nutshell
With over 24 years of expertise in the payment processing field, Moneris solutions are designed to streamline their merchant’s point of sales operations. All payment and non-payment software can be installed and maintained by Moneris so you will not have to deal with multiple suppliers. Their primary business however is transaction processing and they are leaders in this industry, throughout North America. They offer superior technology and innovation and have the employees to help you every step of the way. Moneris only offer their services to merchants in North America.
Let’s Dive Deeper
Moneris was originally created as a joint venture between RBC Financial Group and BMO Financial Group in December 2000. By maintaining security, stability and strength, Moneris has become one of North America’s largest processors of debit and credit card transactions for businesses of all sizes. Moneris can help you facilitate everything from planning layouts to assembling full payment solutions through their on-site implementation. Their team of technicians can deliver and install upgrade services for equipment, POS software and operating systems across North America. They support the installation of any new operating system so that your software is always up to date. This will ensure quality, efficiency and accuracy across multiple locations.
With security being their top priority, Moneris also offers support to the provincial lottery and gaming industry which includes installation, testing and logistics. Transactions occur in the Cloud and PCI data does not enter merchants’ payment applications which makes these transaction secure. For contactless transactions, Moneris works with different vendors’ platforms including Ingenico and VeriFone devices which allow for contactless transactions. Their most popular type of payment solutions, countertop payment terminals, will give your customers the ability to pay with confidence and security. PAYD Pro, which is designed for businesses on the go will transform your mobile device into a payment receiving tool. This will allow you to accept payments from nearly anywhere with the PAYD App and the e355 PIN Pad. The use of high speed Wi-Fi and Bluetooth connectivity allows you access at any time from anywhere. You can also email or text invoices to your customers so you can bill now and settle later.
The Moneris Cloud Platform is designed for ease of use and will store all the latest payment software in the Cloud so you will always be up to date no matter what industry you are in. Moneris payment solutions can adapt and be used in any business whether in house or on the road. The Moneris Cloud Platform is currently compatible with the Moneris® iPP320 PIN Pad but can be integrated with many options so you can be assured that you have the best system in place. Currently, Moneris offer point of sales software and hardware from TouchBistro, Lightspeed, Shopify and Oracle. Even though their payment solutions can easily be integrated to your existing POS system and software, you will have their support and any help needed to make sure you have the ultimate payment system in place. Moneris also works with browsers Chrome, Safari, IE etc. with Windows, MAC OS, Chrome OS, iOS, Android and Linux. You can use all devices whether this is a PC, MAC, iPhone, smartphone or tablet to take payments from your customers. Moneris also offer long range wireless so you can get paid wherever you are. With their partnership with Apple you can accept Interac debit and credit cards while managing your inventory and creating customer profiles with real time reporting.
Moneris has a team of experts that can help you with consultations, installations, maintenance, billing and inventory. You will have easy access to transaction reporting tools and security with fraud protection that does not require extra development. The Moneris Gateway is armed with a comprehensive range of secure fraud protection tools to ensure that you and your customers are protected.
Even if you have a POS system and other software in place, Moneris can guide you and easily integrate their payment solutions with your existing equipment. This can be for online or as an extension of your bricks and mortar operations. The iPP320 is an all in one PIN pad that is designed for fast and secure processing and features a magnetic stripe, chip card and contactless reader which will give your customer the flexibility to pay anyway they want. Moneris also promises maximized cash flow by depositing your funds directly into your account within 2 business days. You will also have access to real time reports on all your transactions and be able to see your sales by type and product. You will also have access to the Moneris Developers Portal which a user friendly hub of resources with a collection of tools that will help you to customize your payment processing solutions. These include API integrations, HTML documentation, Blogs and Forums, Shopping Cart Instructions and much more.
Moneris Best Features
Efficient and effective payment solutions – latest technology applied
Cost effective – set charges for each transaction
End to end services – fully comprehensive payment solutions
Support and training – superior customer support
Cloud platform – for secure data protection
Expertise – 24 years’ experience in North America
On site implementation – help to set up your business is offered
High speed connectivity – Wi-Fi and Bluetooth terminals
Top priority security – state of the art security tools in place
Point of sales – TouchBistro, Lightspeed, Shopify and Oracle
Maximized cash flow – deposits in your account in 2 days
