Become a Visa merchant today
Become a Visa merchant today
Start accepting Visa
Accepting Visa® Cards
Accepting Visa® Cards
Both new and established businesses can help increase sales and improve customer satisfaction with a single choice:
by accepting Visa cards.
That choice carries significant benefits for both merchants and customers.
Accept Visa cards and:
- Give customers a convenient, easy way to pay. Visa cards are the most widely held personal and commercial payment cards in Canada.1
- Get fast access to funds. Visa card transactions are credited to your account almost immediately.
- Deliver high levels of security. Visa's multiple layers of security protect your business and your customers from fraud online, over the phone and at point-of-sale.
- Reduce the cost of cash management and slippage. Accepting Visa helps limit transactions made with actual cash. Reliable. Safe. Convenient. Go with Visa.
Reduce the cost of cash management and slippage
Accepting Visa helps limit transactions made with actual cash.
Get fast access to funds
Visa card transactions are credited to your account almost immediately.
Deliver high levels of security
Visa's multiple layers of security protect your business and your customers from fraud online, over the phone and at point-of-sale.
How Visa Payments Work
How Visa Payments Work
Key Players
The following definitions will give you a good understanding of who's who in the Visa transaction process.
Two-part Process
Two-part Process
Authorization:
An electronic request is sent through various parties to either approve or decline a transaction.
1. Cardholder presents Visa card to pay for purchases
2. Merchant swipes Visa card, enters the dollar amount, and transmits an authorization request to the acquirer
3. Acquirer electronically sends the authorization request to VisaNet
4. VisaNet routes the request to the cardholder's issuer
5. Issuer approves or declines the transaction
6. VisaNet forwards the issuer’s response to the acquirer
7. Acquirer forwards response to the merchant
8. Merchant receives the authorization response and completes the transaction accordingly
Clearing and Settlement
9. Merchant desposits the transaction receipt with the acquirer
10. Acquirer credits the merchant’s account and electronically submits the transaction to VisaNet for settlement
11. VisaNet pays the acquirer and debits the issuer account, then sends the transaction to the issuer
12. Issuer posts the transaction to the cardholder account and sends the cardholder a monthly statement
13. Cardholder receives the statement and pays issuer
Becoming a Visa Merchant
Becoming a Visa Merchant
Choose an Acquirer/Payment Processor
One of the following nine processors will detail the options available and guide you in choosing solutions and systems that will work best for your business.
Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oréal.
Chase Paymentech provides a wide range of payment solutions for point-of-sale and e-commerce merchants. Chase is Scotiabank's Merchant Services Partner.
1-877-552-5533
Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico.
1-844-352-8661
First Data offers a complete range of innovative payment processing services.
1-866-288-6184
Global Payments is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Global Payments is a merchant services partner to CIBC.
Moneris is Canada’s largest provider of payment processing solutions for merchants of all sizes. Moneris offers products for in-store, mobile and online payments as well as installation and support services.
Nuvei is the payment technology partner of thriving brands, providing the payment intelligence and technology businesses need to succeed locally and globally, through one integration. With the best merchant services out there, Nuvei's goal is to empower businesses to make the world their local marketplace.
1-877-441-4729
Peoples Trust provides credit and debit card processing along with value-added products for any merchant.
1-877-304-2084
TD Merchant Solutions provides point-of-sale (POS) systems and solutions to meet all your business needs.
1-800-363-1163
TD Merchant Solutions provides point-of-sale (POS) systems and solutions to meet all your business needs.
1-800-363-1163
1 Commercial Tracking Study, TNS Canada