Online shopping by Canadians accounted for approximately 3 billion dollars in personal expenditures in 2003, which is an increase of 25 percent since 2001.1 The rising commercial activity over the Internet is a positive sign for all businesses looking to take a step towards e business. While selling products online for SMEs may seem like an overwhelming task, accepting e-payments over the Internet is not as difficult as it may appear. The following sites provide a comprehensive overview on selling online:
- Internet Payment Processing [PDF Format, 131Kb] - from eBC.
- Selling Online [PDF Format, 174Kb] - from the Alberta efuturecentre.
- Méthodes de paiement (in French only) - Payment methods from PMEQuébeclic.
The major chartered banks of Canada provide credit card processing services for online purchases. Some banks have partnered together to provide this service.
- globalpayments Canada - is offered by the CBIC (see Merchant Services) and the National Bank of Canada (see Payment and Card Solutions).
- Moneris Solutions - is offered by the Royal Bank (see Merchant Services) and the Bank of Montreal (see Moneris Solutions).
- Online Mart - is offered by TD Canada Trust.
- Paymentech - is offered by Scotiabank (see Merchant Services).
1 Statistics Canada. E-commerce: Household Shopping on the Internet. Sept 2004.
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