Who they are
TD’s processing page describes TD Merchant Solutions as “TD Bank’s payment processing/acquiring line of business.” It says TD Merchant Solutions lets businesses accept debit, credit and digital wallet payments, and offers Clover point of sale devices and software.
TD’s page lists Visa, Mastercard, Discover, American Express, UnionPay and Interac, plus mobile wallets such as Apple Pay and Google Pay. What TD and others publish about Amex is in American Express in Canada.
A change in 2026. TD’s update page says TD will remain the merchant’s provider, but merchants are moving to Fiserv’s processing platform “over a period of time, starting on or after July 1, 2026.” TD replaced its terms and conditions with a new version (0726) on July 10, 2026. This page quotes that version.
How their pricing works
TD publishes statement guides for four pricing types:
| Pricing type | What it means on the statement |
|---|---|
| Interchange plus (“iPlus”) | Interchange shown card type by card type, plus TD’s own rate |
| DRAF (discount rate adjustment fee) | A base rate, plus an extra charge on card types with higher interchange |
| Flat rate | One rate per card brand |
| Simplified | A simplified fee layout (TD publishes a separate guide) |
What each type means is explained in Flat Rate vs Interchange Plus vs Tiered.
TD’s own rates are not published. TD’s terms say merchants pay the fees set out in their “Fee Disclosure Box” and “Fee Schedule”. These are part of each merchant’s agreement, so the rate depends on what you agree with TD. To get one, you would ask TD for a quote.
What TD does publish is a fee list (“Fee Descriptions”) with these fees:
| Fee (TD’s name) | Amount | Published? |
|---|---|---|
| Application fee | $49 to $99, one time | Yes |
| Monthly service fee | “Varies”, per location | Range not published |
| Minimum monthly discount fee | $30 per location | Yes |
| Batch close fee | $0.35, first batch per terminal per day | Yes |
| Paper statement fee | $5.00, plus taxes | Yes |
| Quarterly PCI fee | $0 to $29.85 per location | Yes |
| Chargeback or adjustment fee | $10 to $25 each | Yes |
| Amex/JCB OptBlue transaction fee | $0.10 | Yes |
| Equipment rental | Shown on each merchant’s Fee Schedule | Not on the public list |
The same list shows the card network fees TD passes on, such as a Visa assessment fee of 0.1017% and a Mastercard assessment fee of 0.1017%. It also lists network non-compliance fees, covered in PCI Fees and Non-Compliance Fees.
What you will see on the statement
TD’s sample statements have the same main sections:
- an effective rate summary for each card brand,
- a summary of fees: card fees, account fees and equipment rental,
- details by card type (longest on interchange plus and DRAF),
- chargebacks and adjustments,
- a summary of fee changes, with a “date to cancel by without penalty”.
A walk-through is in How to Read Your Merchant Statement.
TD also keeps a public Fee Change Summary page. For example, it says that from November 1, 2026, Interac is raising its assessment fee by $0.0005 per Interac sale, and that this will appear on the “Interac Direct Payment (IDP) Assessment Fee” line.
Contract length and cancellation
From TD’s current terms (version 0726):
- Initial term: three years from the start date, unless your application or summary box says otherwise.
- Renewal: automatic, for six months at a time, unless either side gives written notice at least 45 days before the end of the term.
- Early termination fee: charged if you end without the required notice. TD’s fee list shows $300 per location, or $20 per terminal times the number of terminals times the months left.
- No fee if, within 30 days of the start date, you stop using the services and return rented equipment. Also no fee if you end within 70 days after certain fee increases TD has told you about.
- Fee increases: TD may raise fees during the term. It says it will give 30 to 60 days’ notice of certain increases, “as required by the Code of Conduct.”
- After you leave: TD may hold back funds for 180 days to cover amounts that come due, then credit what is left.
More detail: Early Termination Fees: How They Work.
Hardware and what it costs
TD’s update page says TD “will offer merchants the option to rent or buy certain Equipment.” Its terms say:
- Renting: rental fees are shown on your Fee Schedule, plus tax. The full monthly fee is charged in the first and last month. TD keeps ownership.
- Buying: bought equipment is “final sale”. Unused equipment in its original packaging can be returned within 30 days for a refund, less a 30% restocking fee.
TD does not publish equipment prices on the pages we read. TD’s sample statement shows rented devices at $25 and $35 a month, as an example only. See Equipment Leases.
Who they say their pricing is for
TD’s processing page says TD and Clover “offer payment solutions tailored to your industry” and support in-person, online and on-the-move payments. TD also publishes an interchange rate sheet for merchants in its “Emerging” interchange program. The pages we read do not say which pricing type TD offers to which kind of business.
Limits and conditions to know about
- Settlement: TD’s terms say money for sales sent before the daily cut-off “will generally” arrive within one to two business days.
- PCI: TD’s terms say merchants must comply with PCI DSS, including for any outside company that handles their card data.
- Fines: TD’s terms say merchants pay any “Fine”, which includes card network non-compliance fees and assessments under PCI DSS.
- Clover: TD’s update page says merchants using Clover devices must accept the Clover Terms. Fees charged by Clover are billed separately.
- Surcharging: TD’s surcharging guide says that if a TD merchant surcharges, it applies to all credit card sales. See Surcharging Credit Cards in Canada.
Where to check their current pricing
- Your own Fee Disclosure Box and Fee Schedule (part of your agreement).
- TD’s public fee list (“Fee Descriptions”) and Fee Change Summary page.
- TD’s terms and conditions, linked from its update page.
Where to go from here
For TD merchants, the summary of fees is on the monthly statement, and the rates TD agreed are in the Fee Schedule. Processor Markup explains which lines are TD’s own. For a side-by-side view, see TD Merchant Solutions vs Helcim.
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