For payment aggregators and gateways, expanding into Canada means offering remittance merchants access to local payment methods and a payment experience that meets Canadian customer expectations. Payment aggregators and gateways can expand into Canada by adding local payment methods such as Interac e-Transfer® and pay by bank, along with eligible local payout capabilities.
Paramount Commerce provides the Canadian payment infrastructure partners need to add these capabilities without building their own local payment stack. With Interac e-Transfer®-based pay by bank flows, eligible local payouts, and flexible integration options, partners can help remittance merchants offer a more familiar and reliable way to fund and receive remittances in Canada.
Cards remain an important payment option, but they are not the only way Canadian customers want to fund a transfer. Card declines, extra authentication, and other friction can interrupt the remittance experience just as a sender is ready to move money.
By offering Interac-based pay by bank alongside cards, payment aggregators and gateways can give merchants another locally relevant funding option. Customers can authorize payments through their bank account using a payment method they already recognize, while merchants gain a more flexible payment mix for remittance transactions.
With Paramount Commerce, partners can offer both Interac e-Transfer and Request Money in one streamlined solution, giving remittance merchants more ways to collect payments and helping create a smoother funding experience.
Your platform already plays an important role in the merchant experience. Whether you manage a portfolio of remittance businesses or provide the technology that connects merchants to payment methods, you shouldn't have to become a Canadian payment specialist to expand your offering.
Paramount Commerce supports the local Canadian payment capabilities behind the scenes. With API and hosted payment-flow options, partners can choose the approach that best fits their platform, merchant model, and speed-to-market requirements.
That means you can add Canadian pay by bank functionality while continuing to own the merchant relationship, product experience, and broader commercial model.
Behind the payment experience, Paramount is built to support high-volume Canadian payments. Sub-20ms latency and high availability help support fast payment experiences, including during periods of increased demand. Smart routing across Canada's top banks also provides redundancy and helps maximize throughput and acceptance.
A strong Canadian payment experience is about more than payment acceptance. Remittance merchants need confidence in the funding stage before they move into downstream processes such as FX, compliance review, and recipient delivery.
A local payment partner can support that journey with payment-status visibility, reconciliation support, fraud and risk tools, and eligible local payout capabilities. This gives merchants a stronger operational foundation while helping payment aggregators and gateways bring more value to their existing network.
For merchants that need to move money quickly, Paramount Commerce also supports real-time, bank-authorized payments and eligible instant payouts of up to $25,000 per transaction to Canadian bank accounts. This gives partners infrastructure to support both the payment-in and payout sides of the remittance journey.
Working with a Canadian payment partner can help payment aggregators and gateways offer locally relevant payment methods without developing and maintaining their own Canadian payment infrastructure.
A specialized partner can provide access to Canadian payment methods, local banking connectivity, payment routing, risk capabilities, and eligible payout options. This can help platforms expand their merchant offering while maintaining control of the broader merchant relationship and product experience.
Partner with Paramount Commerce to offer Canadian pay by bank, Interac e-Transfer and Request Money payment flows, smart bank routing, and eligible local payout capabilities.
With infrastructure designed to support fast, scalable payments and high-volume traffic, Paramount helps payment aggregators and gateways give their remittance merchants greater flexibility and confidence when serving Canada: PARTNER WITH PARAMOUNT COMMERCE
What payment options can remittance platforms offer in Canada?
Remittance platforms can offer payment methods such as Interac e-Transfer®, Request Money, and other pay-by-bank options alongside cards. The right payment mix depends on the merchant's business model, customer needs, and payment infrastructure.
How can payment aggregators add Canadian payment methods?
Payment aggregators can work with a Canadian payment partner that provides local payment infrastructure through APIs or hosted payment flows. This allows them to add Canadian payment capabilities without building their own local payment stack.
What is pay by bank for Canadian remittance payments?
Pay by bank allows customers to authorize a payment directly through their bank account rather than using a card. In Canada, Interac-based payment flows can provide remittance customers with a familiar way to fund transactions.
How can payment gateways support remittance merchants in Canada?
Payment gateways can support remittance merchants by providing access to Canadian payment methods, payment routing, risk tools, reconciliation capabilities, and eligible local payout infrastructure. This can help merchants create a more flexible payment experience for Canadian customers.
Fintech trends and insights,
explained in 5 minutes or less
Fintech trends and insights,
explained in 5 minutes or less
