Payment methods in Canada

The market

Canadian online spend is card-based: Visa and Mastercard credit cards dominate e-commerce, debit is strong in stores and at domestic online merchants, and Apple Pay and Google Pay wrap both on the phone. Chargebacks follow the scheme rules; settlement is in Canadian dollars at T+1 through the acquirer. The Retail Payment Activities Act brings payment service providers under registration with the Bank of Canada, with registration open since 2024 and supervision in force from 2025. The Canadian set of the catalogue is cards and wallets; Adyen, Nuvei and Stripe are the providers listed for it.

How Tranzify clients launch

Canada is in the catalogue on request. A client registered under the Act, or a licensed provider, asks for the Canadian integrations and enables Adyen, Nuvei or Stripe under its own contracts and registration; the platform runs under the client’s registration and domain, the licensed local provider performs the intermediation, and Tranzify supplies the software and the integrations. Routing by BIN and scheme splits card volume between two acquirers, a decline cascades to the second one, and Apple Pay and Google Pay ride the same routes. Every payment is journaled for five years, and the client’s system receives the final status by webhook.

Wallets

Apple Pay and Google Pay are card tokens: the acquirer that takes the card takes the wallet, with the issuer’s cryptogram in place of the card number, so neither needs a provider of its own. Card payouts run through Adyen or Nuvei, whose catalogue entries carry payout operations; Stripe is listed for deposits, recurring payments and refunds.