How payment tools can support Canadian small-business growth

Berger’s experience reflects a broader market: Canada has 1.10 million employer businesses, and 98.2% are small businesses, according to Innovation, Science and Economic Development Canada.

Small businesses face rising costs amid trade tensions between Canada and the United States. In Merchant Growth’s 2026 Canadian Small Business Report, 38% of affected businesses said goods and supplies had become more expensive, 27% reported lower revenue, and 23% said they absorbed higher costs because they could not raise prices. At the same time, mobile contactless payments grew 40% year over year. Businesses risk losing customers if a preferred payment method is unavailable.

Chase Payment Solutions Canada, which has served Canadian merchants for more than 20 years, offers payment processing, point-of-sale terminals and pricing options. The company says its pricing is transparent, with a clear breakdown of fees and no hidden costs. Its POS system accepts major credit cards, Interac® debit cards, contactless chip cards, mobile wallets and online payments. Merchants can also manage products and prices, track inventory and view reports through dashboards in the POS Merchant Portal.

The system can import card payments, refunds, fees, chargebacks and settlement deposits into selected QuickBooks® Online accounts. The portal also tracks cash and card sales and provides inventory and pricing data that merchants can use to review sales patterns and manage cash flow.

For Berger, competitive pricing matters to a small business. She said she is on her second store, hopes to open a couple more and wants Chase to support the business as it grows. The article was supplied by Chase as sponsored content.