Payment Processor Comparison
PaymentsPlus vs Moneris
Thinking about switching from Moneris? See how PaymentsPlus compares on pricing, contracts, and features. Most businesses save 20-30% after switching.
Average Savings Example
A business processing $25,000/month typically saves:
With Moneris
$700/mo
With PaymentsPlus
$450/mo
Monthly Savings
$250/mo
Annual Savings
$3,000/yr
Side-by-Side Comparison
See how we stack up on the features that matter most
| Feature | PaymentsPlus | Moneris |
|---|---|---|
| Pricing Model | Interchange + 0.20% | Tiered (2.5% - 3.5%) |
| Monthly Fee | $10/month | $25-50/month |
| Contract Length | Month-to-month | 3-5 year terms |
| Cancellation Fee | $0 | Up to $500+ |
| Equipment | Free placement | Lease or purchase |
| Funding Speed | Next-day (same-day available) | Next business day |
| PCI Compliance Fee | Included | $20-30/month extra |
| Canadian Support | Yes - Phone & Email | Yes - Phone |
| Hidden Fees | None | Common complaints |
| Rate Lock Guarantee | Yes | Rates can increase |
Common Moneris Complaints
Why businesses are looking for Moneris alternatives
Moneris typically locks businesses into 3-5 year contracts with steep cancellation penalties, often $500 or more.
Tiered pricing makes it nearly impossible to know your true costs. "Qualified" rates are advertised, but most transactions fall into higher-cost tiers.
Many merchants report discovering unexpected fees months after signing up: PCI non-compliance, statement fees, batch fees, and more.
Equipment leases can cost $50-100/month for terminals worth a few hundred dollars. Over a 5-year lease, you pay 5x the equipment value.
Why Canadian Businesses Are Switching to PaymentsPlus
- Transparent interchange-plus pricing - know exactly what you pay
- No long-term contracts - leave anytime with zero penalties
- Free equipment placement - no costly leases
- Lower overall costs - save 20-30% on average
- Same-day funding available - improve your cash flow
- We help with Moneris cancellation - smooth transition
Get a free quote showing exactly how much you'll save compared to your current Moneris rates. We'll even help you understand your Moneris contract and cancellation options.
Get Your Free QuoteFrequently Asked Questions
Can I switch from Moneris if I'm under contract?
Yes! We can review your Moneris contract and help you understand your options. In many cases, the savings from switching outweigh early termination fees within a few months. We'll calculate this for you.
How long does it take to switch from Moneris?
Most businesses are up and running with PaymentsPlus within 3-5 business days. We handle the setup and can often have you processing the same week you apply.
Will I need new equipment?
We provide free equipment placement, so you'll get modern, reliable terminals at no cost. No more Moneris equipment leases eating into your profits.
What if my business processes over $100k/month?
High-volume businesses often see even greater savings. We offer volume discounts and can negotiate custom rates for larger merchants. Contact us for a personalized quote.
Is PaymentsPlus Canadian?
Yes! We're Canadian owned and operated with our support team based in Canada. We understand Canadian businesses and compliance requirements.
Stop Overpaying with Moneris
See exactly how much you could save by switching to transparent interchange-plus pricing. Get your free comparison quote today.