ClickWerxs vs Moneris: Interchange-Plus vs Bank-Owned Flat Rate
Moneris is Canada's largest payment processor — jointly owned by RBC and BMO. That ownership structure matters: a processor controlled by the same banks managing your business account has no structural incentive to lower your processing costs.
2.65% flat — same rate for every credit card
Moneris charges 2.65% + $0.10 per in-person credit transaction regardless of card type. A basic Visa and a premium rewards card cost the same. Interchange-plus reflects each card's actual network cost.
Proprietary terminals on monthly rental
Hardware rentals run $35–$125/month per device. Moneris terminals operate only on the Moneris network — if you leave, the hardware stays or becomes non-functional.
3-year contracts are standard
Moneris advertises flexibility, but merchant reviews consistently report early termination clauses in agreements signed at standard enrollment.
Canada-only acquiring
No US merchant accounts. Canadian businesses expanding south need a separate US processor, a second agreement, and split reconciliation.
The Numbers Behind the Comparison
2.65%
Moneris flat in-person rate
Charged on every credit swipe regardless of card type. Premium rewards cards and basic debit-linked cards pay the same rate — which is not how interchange works.
$125/mo
Maximum terminal rental
Hardware rentals range from $35 to $125/month per device. Proprietary terminals become non-functional on any other network if you leave.
$0
ClickWerxs monthly platform fee
No account subscription fee. No software tier. You pay interchange-plus on your transactions — a transparent markup per transaction, nothing else.
50 / 50
RBC and BMO ownership split
Moneris is a bank joint venture. Both owners profit when merchant processing revenue is high — a structural conflict of interest not present with independent processors.
Is ClickWerxs Cheaper Than Moneris?
For most businesses processing over $15,000/month in credit card volume — yes, measurably. Moneris's standard flat rate is 2.65% + $0.10 per in-person transaction (moneris.com, verified May 2026). ClickWerxs is interchange-plus: you pay the card network's actual cost plus a fixed markup. At $30,000/month in credit volume with a typical effective interchange of 1.75%, that is roughly $795/month with Moneris versus approximately $600/month with ClickWerxs — a difference of about $195/month, or $2,340/year. The gap widens at higher volumes. For debit-heavy merchants, Moneris's flat $0.10/transaction debit rate is competitive, and savings are less pronounced on that card type specifically. To verify what you're actually paying today, see our guide to reading your Canadian processing statement and identifying card brand fee markups.
ClickWerxs vs Moneris: Side-by-Side
A fair comparison across the criteria that affect your monthly cost and operational flexibility. We note where Moneris leads.
Standard Pricing Model
In-Person Credit Rate
Online Credit Rate
In-Person Debit Rate
Monthly Platform Fee
Hardware Flexibility
Hardware Ownership
Contract Term
US Merchant Accounts
High-Risk Industry Support
Dedicated Account Manager
Ownership Structure
QuickBooks Integration
Shopify / WooCommerce
Next-Day Funding
Moneris rates from merchantcostconsulting.com independent review and moneris.com/en/pricing, verified May 2026. ClickWerxs rates vary by merchant profile. Moneris contract and ETF terms vary by individual merchant agreement.
How Much You Save vs Moneris, By Business Type
Interchange-plus savings depend on volume, card mix, and average transaction. These scenarios use published Moneris rates and typical interchange benchmarks.
Moneris — Flat Rate
Retail, $30,000/month, ~2,000 transactions
ClickWerxs — Interchange-Plus
Same volume, typical consumer credit mix
Estimated annual savings: $3,119
Why Bank-Owned Processors Aren't Built for Your Savings
Moneris is jointly owned by RBC and BMO. That institutional structure creates four specific constraints that affect every merchant on their platform.
Structural Conflict of Interest
RBC and BMO benefit when merchant processing revenue is high. An independent processor's only competitive advantage is keeping you — so they have real incentive to negotiate. Bank-owned processors answer to shareholders who profit directly from your processing fees.
Interchange-Plus Is Non-Default
Moneris calls it Simplified Pricing — it exists but isn't the standard offering. You have to qualify by volume and negotiate to access it. ClickWerxs quotes interchange-plus to every merchant from the first call.
Hardware Lock-In Creates Switching Costs
Moneris proprietary terminals become inoperable on any other network. If you leave, you return the rental hardware or absorb the loss on purchased devices — a structural barrier that makes shopping for better rates painful.
Canada-Only Acquiring Caps Growth
Canadian businesses expanding to the US or processing US cards online cannot use Moneris for US acquiring. You need a second processor, a second agreement, and split reconciliation across two platforms.
Where ClickWerxs Outperforms Moneris
Four structural advantages — not just a rate comparison.
Interchange-Plus from Day One
Every ClickWerxs merchant starts on interchange-plus — no volume threshold, no negotiation required. You see the card network cost, the assessment, and our markup as separate line items on every statement.
- Interchange-plus on all account types: retail, eCommerce, MOTO
- No flat-rate tier that overcharges debit and low-cost consumer cards
- Volume-tiered markup means your effective rate improves as you grow
- Three-line cost breakdown on every statement — not a single blended rate
No Hardware Lock-In
ClickWerxs supports Ingenico, PAX, Dejavoo, and Verifone terminals. Your hardware is yours — if you ever switch processors, the equipment moves with you. We also offer free terminal programs for qualifying merchants.
- Multi-brand terminal support — no single-network dependency
- Free terminal programs available for qualifying monthly volumes
- Purchase or lease — no mandatory rental fees
- Terminal ownership does not depend on maintaining your ClickWerxs account
Month-to-Month, No Penalties
Every ClickWerxs merchant agreement is month-to-month. No early termination fees, no 3-year lock-in, no lease clauses on processing agreements. If you find a better rate elsewhere, you can leave — though your account manager will work to match it first.
- No early termination fee — ever
- Cancel with 30 days notice, no penalty
- No hardware lease obligation tied to the processing agreement
- Rate review available at any time with your dedicated account manager
Canadian and US Processing, One Account
ClickWerxs provides merchant accounts that process both Canadian and US transactions. One agreement, one statement, one account manager. Canadian businesses with US locations or US online customers don't need a second processor.
- Single merchant account for Canadian and US card processing
- Consolidated reporting across markets
- No second processor needed for US expansion
- US high-risk categories accepted where Moneris cannot
What Merchants Say After Switching from Flat-Rate Processors
“We were paying 2.65% on every transaction for three years. Switched to interchange-plus and the debit transactions were night and day — actual network cost instead of a credit card rate applied to every swipe.”
Michael T.
Independent Grocer, Ontario
“My Moneris terminal rental was $68/month on hardware I could have bought for $300. The processing rates were apparently negotiable, but no one told me that. ClickWerxs was transparent from the first call.”
Sandra K.
Boutique Retail, British Columbia
“We opened a US location and needed a completely separate processor. Consolidating under one merchant account with ClickWerxs simplified our accounting significantly.”
David R.
Franchise Owner, Canada & United States
“The 3-year contract was the main issue. When I found out I was overpaying, I couldn't leave without an early termination fee. Month-to-month with ClickWerxs means I have real leverage to keep rates competitive.”
Jennifer L.
Restaurant Group, Alberta
“ClickWerxs ran a statement review against our Moneris account. The analysis showed over $6,000/year in recoverable fees. We completed the switch in 10 days.”
Carlos M.
Auto Parts Distribution, Quebec
“We were paying 2.65% on every transaction for three years. Switched to interchange-plus and the debit transactions were night and day — actual network cost instead of a credit card rate applied to every swipe.”
Michael T.
Independent Grocer, Ontario
“My Moneris terminal rental was $68/month on hardware I could have bought for $300. The processing rates were apparently negotiable, but no one told me that. ClickWerxs was transparent from the first call.”
Sandra K.
Boutique Retail, British Columbia
“We opened a US location and needed a completely separate processor. Consolidating under one merchant account with ClickWerxs simplified our accounting significantly.”
David R.
Franchise Owner, Canada & United States
“The 3-year contract was the main issue. When I found out I was overpaying, I couldn't leave without an early termination fee. Month-to-month with ClickWerxs means I have real leverage to keep rates competitive.”
Jennifer L.
Restaurant Group, Alberta
“ClickWerxs ran a statement review against our Moneris account. The analysis showed over $6,000/year in recoverable fees. We completed the switch in 10 days.”
Carlos M.
Auto Parts Distribution, Quebec
When Moneris Is the Right Choice
We're direct about this. Moneris works well in specific situations — and we'd rather tell you than earn a switch that doesn't make sense.
- You process primarily Interac debit in-person — Moneris's flat $0.10/txn debit rate is competitive for high-debit-volume Canadian merchants
- You're a new Canadian business under $10K/month and value the familiarity of a bank-backed processor
- You specifically need deep RBC or BMO banking integration for consolidated business statements
- You're already in a Moneris contract with hardware on a rental agreement you cannot exit without ETF
- Your operation relies on Moneris-specific POS features (restaurant kiosk via UEAT, proprietary gift card program) not easily replicated elsewhere
- You process exclusively in Canada with no US expansion or US online customer base in the near term
- Your QuickBooks integration runs specifically through Moneris's connector and migration complexity outweighs rate savings
- You value local Canadian bank-affiliated support structure over independent dedicated account management
How to Switch from Moneris to ClickWerxs
The transition runs parallel — you don't shut down Moneris until you're fully set up and confident.
Frequently Asked Questions: ClickWerxs vs Moneris
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