Payment Processor Comparison
PaymentsPlus vs Chase Paymentech
Chase Paymentech is built for enterprises. If you're an SMB, you're likely overpaying. See how PaymentsPlus compares on pricing and service.
Average Savings Example
A business processing $25,000/month typically saves:
With Chase
$675/mo
With PaymentsPlus
$460/mo
Monthly Savings
$215/mo
Annual Savings
$2,580/yr
Side-by-Side Comparison
See how we stack up on the features that matter most
| Feature | PaymentsPlus | Chase |
|---|---|---|
| Pricing Model | Interchange + 0.20% | Interchange-plus (high markup) |
| Monthly Fee | $10/month | $25-100/month |
| Contract Length | Month-to-month | 3-5 year terms |
| Cancellation Fee | $0 | Up to $500+ |
| Equipment | Free placement | Lease or purchase |
| Best For | All business sizes | Large enterprises ($500k+/mo) |
| Funding Speed | Next-day | 1-2 business days |
| Rate Negotiation | Competitive from day one | Negotiate based on volume |
| Enterprise Features | SMB focused | Multi-location, enterprise tools |
| Global Processing | Canadian focus | Global payment capabilities |
Common Chase Paymentech Complaints
Why businesses are looking for Chase alternatives
Chase Paymentech is built for large enterprises. SMBs often get stuck with high markups because they lack the volume to negotiate better rates. Their pricing favours $500k+/month merchants.
Chase contracts are typically 3-5 years with significant termination fees. The approval process can be slow and bureaucratic, especially for smaller businesses.
While Chase offers interchange-plus, their markup is often significantly higher than independent processors. The complexity of their fee structure makes it hard to compare true costs.
Chase often bundles merchant services with business banking, creating pressure to maintain the full relationship even when individual services are overpriced.
Why Canadian Businesses Are Switching to PaymentsPlus
- Competitive interchange-plus rates from day one - no volume negotiation
- No long-term contracts - month-to-month flexibility
- Free equipment placement - no leases or purchases
- Built for Canadian SMBs - not a corporate afterthought
- Transparent pricing - know exactly what you pay
- We help with Chase cancellation - smooth transition
Get a free quote showing exactly how much you'll save compared to your current Chase rates. We'll help you understand your contract and transition options.
Get Your Free QuoteWhen Chase Might Be Better
Chase may be better for very high-volume enterprise businesses ($500k+/month) where their scale gives negotiating power. Their global processing capabilities are also strong for businesses operating internationally. For SMBs processing under $250k/month, PaymentsPlus typically offers better rates with less red tape.
Frequently Asked Questions
Is Chase Paymentech available in Canada?
Yes, Chase Merchant Services operates in Canada, primarily targeting larger businesses. However, their Canadian SMB offering often comes with higher markups than dedicated Canadian processors like PaymentsPlus.
Why is Chase more expensive for small businesses?
Chase's pricing model rewards high volume. SMBs processing under $250k/month typically don't have the negotiating leverage to get competitive rates. PaymentsPlus offers competitive interchange-plus rates regardless of your volume.
Do I need a Chase bank account?
While Chase prefers a banking relationship, it's not always required. With PaymentsPlus, you can use any Canadian bank — no banking relationship required.
How long does it take to switch from Chase?
Most businesses are processing with PaymentsPlus within 3-5 business days. We handle the setup and equipment placement, ensuring zero downtime during the transition.
Will I lose any features switching from Chase?
For most SMBs, no. Chase's enterprise features (multi-currency, global processing) are primarily relevant for large international businesses. PaymentsPlus provides everything a Canadian SMB needs at a lower cost.
Stop Overpaying with Chase Paymentech
Enterprise pricing shouldn't apply to your business. See exactly how much you could save with transparent interchange-plus pricing built for Canadian SMBs.