What is the difference between payment gateway and payment processor?

The gateway is the beginning and end of the transaction. The customer will enter their credit card information and receive an approval or denial of the transaction. The payment processor moves the information between the customer's bank and the merchant bank. Every transaction processed online needs both.

How does online payment processing work?

Using secure communication methods and tokenization, payment gateways communicate between your online store/website and your bank. Customer data is collected, validated, approved, and then the payment is accepted, debiting your customer's account.

What is a payment processing store?

A payment processor is a company that manages the credit card transaction process, acting as a kind of mediator between the bank and the merchant . Put simply, the payment processor communicates information from your customer's card to your bank and the customer's bank.

What is a third-party payment processor?

Third-party payment processors serve as intermediaries between merchants and merchant services providers or credit card processors . Merchants create an account with the third-party processor, which processes transactions on their behalf using its merchant account.

What is the Stripe payment method?

Stripe is a payment service provider that lets merchants accept credit and debit cards or other payments . Its payment processing solution, Stripe Payments, is best suited for businesses that make most of their sales online, as most of its unique features are primarily geared toward online sales.

What is all in one payment gateway?

Being one of the best payment gateways, Paytm All In One Payment Gateway provides support for various payment sources from UPI to Debit/Credit Cards, Net Banking, Paytm Bank Wallet, Paytm Postpaid, and even EMI.

Is Toast a payment processor?

In addition to being a technology partner, Toast is also the credit card processor for all of our customers.

What is better than Stripe?

Square . Square is one of the best Stripe alternatives for a small business. It works as a point of sale (POS) application on any iOS or Android device. The Square platform also tracks live sales and inventory which enables a business to keep track of payment updates, inventory levels, and sales opportunities.

What is API payment processing?

A Payment API is an application programming interface that enables apps and eCommerce sites to accept payments by ensuring communication between all entities involved in the payment process , such as the processor, gateway, and eCommerce platform.

Is PayPal a payment processor or gateway?

As your payment processor, gateway, and online merchant account , PayPal authorizes transactions and helps protect electronic payments that come through your website. So you can easily accept online payments and earn money for your business.

Is Amazon pay a payment gateway or processor?

Amazon Pay provides your business with an online payment processing service that allows Amazon customers to buy on your site using their Amazon account.

Is Stripe a payment processor or gateway?

Stripe is a payment processing platform that serves as both a payment processor and an acquirer . When a business signs up with Stripe, it does not need to have a separate acquirer or establish a separate merchant account.

What is the difference between payment gateway and payment processor and payment aggregator?

A payment gateway securely transfers customer payment data from a website or an app to the payment processor. In contrast, a payment aggregator simplifies the payment process by consolidating multiple merchant accounts into a single account, making it easier for businesses to accept payments without individual setups.

MONEXgroup - Payment Processing Solutions - In-Store, On-the-Go, Online, Unattended Self-Serve Kiosk - POS Debit Machine Accept Debit Credit Payment Gateway Canada (2024)

MONEXgroup – Payment Processing Solutions – In-Store, On-the-Go, Online, Unattended Self-Serve Kiosk – POS Debit Machine Accept Debit Credit Payment Gateway Canada2024-01-03T13:35:02-05:00

Accept Payments for Your Business

Join the thousands of business owners who have made the switch to MONEXgroup, your trusted payment processing partner

Our Payment Processing Solutions

MONEXgroup’s cutting-edge product line includes touchless countertop terminals (POS systems) for stores, wireless terminals for pay-at-table or delivery, zero-contact payment solutions for vending machines, donation stands, laundromats, car washes, parking, and other unattended kiosk operations. E-commerce gateway solutions for secure web-based payment processing services, and virtual terminals for management of recurring online payments are also being offered.

Payments On-the-Go

Provide your customers with the convenience of processing portable payments securely at your table and on-the-move with short and long range options. Read more…

Payments In-Store

Countertop POS terminals allow you to run your daily business activities smoothly, processing debit and credit card transactions with efficiency and ease. Read more…

Payments Online

Easily process online payments with our e-commerce gateway, hosted checkout, or virtual terminal online-hosted app. Tap into an online revenue stream today. Read more…

Unattended Payment Solutions

We offer the complete self-serve payment solution for kiosks including Contactless Only, chip and pin, mag swipe, smart card, tap or any combination! Read more…

Save more with MONEXgroup!

Call us today and GET EXTRA 10% OFF* on Payment Processing Solutions.

*offer can only be redeemed over the phone

Call 1.866.286.7787

Grow Your Business with our Payment Solutions

Accept credit and debit card payments with MONEXgroup payment processing services. Get approved fast. Enjoy excellent customer service that will help you at every step and ensure stress-free setup and operation.

Contact us today and discover the payment solution that is right for YOUR business!

All-in-One Provider

Ask yourself “What is the cost of doing business when having a poor partnership with a payment processor?”. If your payment processing touches various entities, a small problem can quickly turn into a frustrating experience. There is no need for a pieced-together solution with several providers.

As your single point of contact, MONEXgroup is nimble and quick to respond. Have one merchant account, one statement, one monthly fee, one support line, one dedicated account manager. We have multiple gateway relationships, and easy integration with main gateways & acquirers. MONEXgroup is the One-Stop-Shop for all your payment needs.

Integrated Solutions

Consider saving big on operating expenses. Take advantage of our integrated payment solutions and deal with one company for all your payment needs: In-Store POS & Attended Payments, Unattended Vending & Self-Service, On-the-Go & Mobile Payments, and eCommerce, Virtual & Recurring Payments.

We understand the complexity that comes with having to rely on multiple payment processing providers. That’s why, as a MONEXgroup client, you can consolidate your unattended, in-store, on-the-go and online solutions under a single account, with one monthly fee and statement.

By choosing MONEXgroup as your payment processing partner, you benefit from a full suite of Payment Processing Solutions and rely on one trusted partner. We’ve simplified payment processing. Choose our future-proof Integrated Payments Solutions!

24/7/365 Support

At MONEXgroup, we’ve built our reputation on providing the most efficient and extensive level of customer service in the industry. Hundreds of our Google reviews attest to our quality Customer Service.

Technical support is available to you 24/7/365. We pride ourselves with fast response times. A skilled agent is dedicated to your issue and proactively follows up until you are satisfied. We also routinely perform outbound courtesy check-ins to ensure full satisfaction.

We offer quick onsite swap service for terminal replacements. Our rapid response policy ensures that downtime to your business is minimal.

Financial Transparency

The clarity of our offer and of our statements makes MONEXgroup unique in the industry. Our friendly and proactive Customer Service will patiently review statements with you, to avoid any type of doubt or confusion.

Due to close partnership relationships with acquirers, we able to offer the most competitive Visa, Mastercard and debit card processing rates available on the market. Start maximizing your ROI with MONEXgroup today!

Reporting and Monitoring

Knowing what drives your revenue is a significant advantage to making informed business decisions. Access the full-suite reporting dashboard to monitor data such as financial transactions, usage statistics, location/regional performance, etc.

Our device allows remote admin access to get diagnostics, check terminal status, set up alerts, and perform updates. You can interact with payment terminals remotely to adjust pricing in real-time, assign permissions to managers, or review transaction history.

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Trusted by Major Brands

Join the thousands of business owners who have made the switch to MONEXgroup’s Payment Processing solutions!

For almost two decades MONEXgroup has been Canada’s leading payment processing partner for businesses. Our industry-leading customer service, proven expertise and innovative and secure technology are several of the instrumental reasons to partner with us.

It’s not just about choosing the right credit or debit card payment solution. It’s also about the service. When you switch to MONEXgroup you can rest assured knowing that you have partnered with a payment processor that understands your business needs.

Don’t Just Take Our Word for It!

See what our satisfied clients nationwide are saying about their experience in partnering with MONEXgroup for payment processing. Results include outstanding service, better rates, increased efficiency and continued support.

“Working with MONEXgroup has been a real pleasure…..very reliable in terms of getting new units up and operating. We’re expecting to have 10,000 of these units across North America by 2024, so we couldn’t be happier with MONEXgroup as our payment solution partner”

Pizza
Forno

“MONEXgroup is there to help us with our goals and our donation strategy, I am very excited to extend this partnership with MONEXgroup and the Alzheimer’s Society.”

Alzheimer’s
Society

“MONEXgroup has delivered a certified payment opportunity for the Canadian carwash industry that no other company has been able to introduce….it will revolutionize the way people are paying”

Mondo

NOW AVAILABLE
NATIONWIDE

Solidifying its position as a market leader, in 2016 MONEXgroup launched North America’s first ever unattended, zero-contact, touchless payments solution for vending with integration at tire inflation and car vacuum kiosks. This revolutionary technology is now rolling out at ALL gas stations nationwide, and we are also taking the retail vending industry and charitable sector by storm! You can see our solution in action at tire inflator air pumps, car vacuum machines, car washes, various vending kiosks, parking lots, and donation stands.

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MONEXgroup - Payment Processing Solutions - In-Store, On-the-Go, Online, Unattended Self-Serve Kiosk - POS Debit Machine Accept Debit Credit Payment Gateway Canada (2024)

Accept Payments for Your Business

Join the thousands of business owners who have made the switch to MONEXgroup, your trusted payment processing partner