Canadian eRetail Sales Growing: Canadian Merchant Account

Jul 24, 2018

Canadian eRetail sales are growing. What about their volatility? Is it easy to obtain a Canadian merchant account? You can get answers to these questions if you keep on reading below.

Canadian Merchant Account and eCommerce Sales

eCommerce in Canada has been developing more slowly as compared to the UK, the US, and other countries. The reason is that each country has unique challenges serving the market. However, the most significant factor driving eCommerce sales in Canada is associated with increasing consumer demand.

A 2018 study of Canadian digital commerce landscape showed that though consumers were more and more often shopping online, merchants weren’t embracing the eCommerce wave fast. Almost 50% of Canadian B2B sellers were generating over 1/4 of their sales over the Internet.

Canadians are still willing to purchase things online. The latest national retail spending statistics reveal that out of the $352-billion in retail sales driven within the country in 2016, nearly 7% were completed over the Internet.

eCommerce is expected to represent 10.0% of the total retail sales in Canada by the year 2020, and the retail eCommerce sales are forecast to account for CA$55.78 billion or $42.09 billion.

The need for convenience and personalization represent the major drivers of the increase in online shopping among Canadians. This has made brands and retailers expand their digital footprints in the last few years.

With this being said, it’s too important to work with a reputable payment processor so to be able to take the right steps for growing your business., an award-winning processor and alternative online lender that boasts an A+ rating with the BBB, can get you a reliable Canadian merchant account with the lowest possible rates in the industry. has an A rating with Card Payment Options and is dedicated to providing both low and high risk merchants with the best payment processing services tailored to their own business needs. That’s why EMB talks to every business owner to get to know his/her business specifics. With EMB, you can grow your business without challenges.

Rise and Volatility of Canadian eRetail Sales

According to Statistics Canada, the country’s national statistics agency, Canadian online retail sales increased over 13.4% from January through April. Online represents a growing part of total retail.

  • Canadian merchants’ online sales represented 2.82% of Canada’s total retail during the above-mentioned period. This was up from 2.56% in the same period in 2017.
  • According to eMarketer, 19.2 million digital buyers were estimated to be in Canada in 2017. These buyers are more and more often using omnichannel options and multiple devices.
  • YoY (year-over-year) sales growth in January and February made up 16.6% and 17.0%, respectively. The percentage fell to 12.0% in March and 8.8% in April.
  • Statistics Canada reports that online sales by Canadian merchants accounted for C$15.69 billion or $11.99 billion in 2017.
  • Canadian retail sales had the maximum growth in 5 months in March. The reason was associated with higher spending on vehicles and clothing, as Statistics Canada notes.
  • The 0.6% rise has been the biggest since October.
  • Motor vehicle and parts dealers saw a 3% increase, which was driven by the demand for new cars. Except for vehicles, retail sales fell 0.2%.
  • In June, inflation accelerated to an annual clip of 2.5%. This is up from a 2.2% reading in May, according to Statistics Canada’s most recent consumer price data. The rise was lifted by higher energy prices, specifically gasoline.
  • There’s been a 1.2% drop in food sales and a 1.9% dip at gasoline stations. The reason is that consumers were faced with higher prices at the pump.

Canadian eRetail sales continue to climb. However, the growth is sometimes volatile. If you want to grow your business successfully, take all these data and analyses into account. Also, look for a respectable merchant services provider that can offer you the best deal for your business.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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