eCommerce Payments: Choosing the Right Solution in 2025

Canada’s eCommerce market continues to grow, both in volume and complexity. In 2023 alone, Canadians made 546 million eCommerce transactions worth $71.6 billion, according to the latest Canadian Payment Methods and Trends Report from Payments Canada. And yet, one of the primary reasons shoppers abandon their carts is a simple one: the incorrect payment options at checkout.

Let’s break down the most common and useful eCommerce payment options that are helping Canadian businesses grow their business in 2025.

eCommerce Payment Methods In Canada

Pay by Bank (Clik2pay, Interac e-Transfer®): This fast and secure payment option doesn’t require credit cards, making it ideal for debit-first users. While it may be less familiar to some businesses, adoption is growing rapidly across Canada because of its lower cost compared to traditional payment methods and its popularity among Canadian consumers.

Credit & Debit Cards: These are widely used and familiar to most consumers, but they come with high processing fees, a greater risk of fraud, chargebacks, and frequent declines.

Digital Wallets (Apple Pay, PayPal): Digital wallets offer convenience, especially for mobile-first shoppers. However, they often involve extra steps, higher fees, and are not always the preferred choice for all customers.

Buy Now, Pay Later (BNPL): BNPL provides flexible purchasing power for customers, but it introduces complex risk for businesses, delayed settlement times, and additional fees.

Prepaid Cards: Prepaid cards are great for budgeting and gifting, but they can’t be used for refunds or recurring payments such as subscriptions.

Clik2pay for eCommerce

Clik2pay’s Interac e-Transfer® solution is built for Canadian businesses. It enables secure, real-time payments directly from a customer’s bank account.

Here’s why it matters in 2025:

Reach More Customers

• 40% of Canadians either prefer to pay by bank or don’t have access to a credit card.

• That’s millions of potential buyers you’re not converting if you only accept card-based options.
  

Cut Your Payment Fees

• Accepting payments via Clik2pay can cut processing costs by up to 50% compared to credit cards.

• That means healthier margins on every transaction.

Less Chargebacks

• Pay by bank transactions are irrevocable, helping protect your business from disputes.
  

Lower Cart Abandonment

• Interac is one of the most trusted brands in Canada.

• Offering Interac e-Transfer as a payment option builds trust and reduces drop-off at the final step of checkout.

What’s Next for Payments in Canada?

With changes to the Canadian Payments Act and the upcoming launch of the Real-Time Rail (RTR), Canada is entering a new era of inclusive and competitive payments.

From GenAI in fraud prevention to wearables, smart speakers, and social commerce, the future of payments is fast, intelligent, and frictionless.

And payment processors such as Clik2pay will be at the centre of that transformation, making it easy for businesses to accept secure, real-time payments directly from a customer’s bank, with no cards and no complications.