Source: Statistics Canada. Canadian Survey on Business Conditions, third quarter of 2023 (Table 33-10-0703-01). Businesses plan to accept more digital and contactless payment methods in the next 12 months, including Interac e-transfer (20.2%), electronic funds transfer (EFT) (10.2%), wire transfer (9.2%) and debit cards (7.9%).
In Canada, 7 in 10 businesses accept cheque (70.1%) as a method of payment and 6 in 10 businesses accept electronic funds transfer (EFT) (60.8%). Furthermore, over half of businesses accept cash (53.4%) or credit cards (52.4%) and half of businesses accept Interac e-transfer (50.0%) as a method of payment.
The total sample size for this iteration of the survey is 30,634 and results are based on responses from a total of 15,224 businesses or organizations. Payments Canada (2022). Canadian Payment Methods and Trends Report 2022. Bank of Canada (2021).
Here’s a closer look at popular payment methods in Canada: Credit cards are deeply embedded in the Canadian payments system. From security measures to rewards programs, the Canadian credit card system is convenient and familiar to customers.
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Learn MoreFrom the beginning of July to early August 2023, Statistics Canada conducted the Canadian Survey on Business Conditions to better understand the current environment that …
Learn MoreCanada, much like other developed nations, has experienced a significant shift from traditional payment methods to digital alternatives.
Learn MoreAccept payments in Canada with Interac, Visa, Mastercard, and digital wallets. Comprehensive payment solutions for Canada''s growing e-commerce market with PPRO.
Learn MoreCanada, much like other developed nations, has experienced a significant shift from traditional payment methods to digital alternatives.
Learn MoreThe Canada Revenue Agency (CRA) administers tax laws for the government, providing contacts, services, and information related to payments, taxes, and benefits for …
Learn MoreAccept payments in Canada with Interac, Visa, Mastercard, and digital wallets. Comprehensive payment solutions for Canada''s growing e-commerce market with PPRO.
Learn MoreA comprehensive guide to accepting payments in Canada, from the regulatory factors to consider to how businesses can improve the customer payment experience.
Learn MorePayment options and money transfers Debit, credit, cheques, prepaid cards, mobile payments and crypto assets.
Learn MoreKnown worldwide as an e-commerce capital, online spending in Canada is quite significant, with a large portion of sales occurring on international platforms. For those …
Learn MoreImmigration et citoyenneté Venez travailler, étudier ou voyager au Canada, et prenez des mesures pour devenir résident permanent ou citoyen canadien.
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Learn MoreDiscover key Canadian payment trends for 2025: digital wallets dominate transactions while real-time systems revolutionize processing. Are your business payments …
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Learn MoreCanada Payment methods in Canada The world’s largest country by landmass, Canada is the global leader in cross-border ecommerce for retail, with purchases from overseas websites …
Learn MoreDue to the labour disruption at Canada Post, mail correspondence from some programs and services may be impacted. Consult the measures in place during the disruption …
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Learn MoreReach buyers around the world by offering the payment methods your customers prefer in each market you serve. Capture more sales with the ideal mix of payment options to increase …
Learn MoreOfficial site for Immigration, Refugees and Citizenship Canada (IRCC). Find out how to apply to visit, work, study or immigrate to Canada.
Learn MoreVisit CanadaVisit Canada Check if you need a visa or electronic travel authorization (eTA) to travel to Canada, to visit family or to visit on business. Find out about transiting …
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