Chase Payment Solutions operates in Canada through a strategic partnership with Scotiabank: Chase provides the terminals and payments platform (backed by $2 trillion-plus in annual global processing volume), and settlement lands in your Scotiabank business account. Among bank-owned processors, Chase is the outlier — it publishes its Canadian in-person rates. TD, its bank-channel rival, publishes nothing. This deep-dive works the published card, prices the bundle perks nobody totals, and names the half of the price list that's missing.
The published Canadian rate card (checked October 2026)
| Item | Published rate |
|---|---|
| In-person credit (tap, swipe, insert) | 2.45% |
| Keyed-in credit | 2.75% |
| Interac debit | $0.080 per sale · $0.115 per contactless |
| Wireless Terminal | $34.95/month per terminal with charging base (+tax) |
The hardware line runs deeper than one terminal: a Wi-Fi/4G wireless terminal, an Ethernet countertop terminal, a portable POS terminal with inventory and reporting software, and the Chase Mobile Checkout-PLUS app — which accepts Tap to Pay on iPhone with no extra hardware and syncs payments data with QuickBooks Online. Next-business-day deposits to your Scotiabank account cost nothing extra, and support is 24/7 bilingual.
The fee waivers nobody prices
Buried in Scotiabank's account legal text is a bundle perk with real money in it: deposit fees are waived for Chase Merchant Services customers using selected Scotiabank business accounts (the Basic Business Account is excluded). Flip it around and the penalty for splitting providers is explicit — process with anyone other than Chase and you pay a transaction fee on each Visa, Mastercard, and Interac deposit. Next-day funding, meanwhile, applies to Visa, Mastercard, and Interac transactions, subject to merchant credit approval and fraud monitoring. If you're already banking with Scotia, the bundle isn't just convenience; it's a fee line that disappears.
The online-pricing gap
Here's the honest hole in this review: Scotiabank's pages detail in-person pricing precisely and say nothing about online rates. The partnership page promises gateways and "ecommerce platforms" with no numbers attached. Any e-commerce merchant evaluating Chase must get the online/card-not-present rate in writing — the 2.45% in-person figure does not apply to your web store, and assuming it does is the single most expensive mistake in this article. Ask for it alongside the monthly minimums and the termination clause.
Worked math: $25,000/month in-person retailer
The setup: $25,000/month, $45 average ticket (~556 transactions). Mix: 80% in-person credit, 20% Interac debit.
Chase: $20,000 × 2.45% = $490; debit ~111 × $0.08 ≈ $9; terminal $34.95. Total: ~$534/month (effective rate ~2.14%).
Square (2.5% + debit at 0.75% + 7¢): $500 + ~$45 = ~$545/month, no terminal fee.
Moneris flat (2.65% + 10¢, debit 12¢, $34.95 terminal): $530 + $56 + $13 + $35 = ~$634/month.
Helcim interchange-plus (0.40% + 8¢ over wholesale): ~$413/month.
The read: Chase's published card beats Square by a hair and Moneris flat by ~$100/month here — the debit line does the work again ($9 vs $45). But published interchange-plus still wins by over $100. Chase is the best bank price on the public record, not the best price.
What merchants say
A 2026 Sonary review scores Chase Payment Solutions 4.1/5, describing it as a comprehensive provider for businesses of all sizes — acquiring bank and processor in one, faster fund access for small businesses, competitive rate negotiations for larger ones, with fraud protection and 24/7 support. Industry roundups note merchant appreciation for Chase's support and app quality. The recurring caution from processor-switching experience applies here too: ask what a zero-volume month costs — monthly minimums and account fees decide slow months, not the headline rate.
Decision framework
- Scotiabank customer? The deposit-fee waiver and next-day funding make the bundle materially cheaper than the rate card alone.
- Sell online? Get the card-not-present rate in writing — it is not published and not 2.45%.
- Price the terminal separately. $34.95/month forever vs buying hardware outright is its own decision.
- Benchmark against interchange-plus. Chase's 2.45% is the bank-channel floor, not the market floor — Helcim-style public interchange-plus is the number to beat.
- Read the termination clause. Bank agreements have real terms; know the exit number before you sign.
A note on steps: this is a pricing deep-dive, not a setup procedure — the framework above is the actionable part.
FAQ
What are Chase's Canadian processing rates?
Published in-person rates (October 2026): 2.45% on contactless/swiped/inserted credit, 2.75% keyed-in, Interac debit $0.080 per sale / $0.115 contactless, terminal $34.95/month. Online rates are not published.
Is Chase the same as Scotiabank's merchant services?
It's a partnership: Chase provides the terminals and payments platform; settlement flows into your Scotiabank business account. Deposit fees are waived on selected Scotia business accounts for Chase processing customers.
Is Chase cheaper than Square?
On the published in-person card, marginally — about $11/month cheaper at $25k volume in our worked example, mostly on debit. Against published interchange-plus providers, Chase costs more.