Made for first-time merchants
No jargon. The Concept Payments team explains merchant accounts, gateways and fees in plain language, so you know what you’re signing up for.
New businesses & startups · Canada
Starting a business? Get set up to accept payments
You have enough on your plate when you’re launching. NewCo Payments connects new Canadian businesses with Concept Payments, a Toronto payments company that walks first-time merchants through accepting card payments in store, online or both.
New businesses welcome to apply. Applications are subject to review and approval.
Why new businesses start with Concept Payments
Your first payment setup should be simple to understand and able to grow with you.
In store, online, or both
Whether you’re opening a shop, launching a website or doing both, you can accept major credit and debit cards where your customers are.
Competitive rates, clearly explained
Understand your fees before you commit, so there are fewer surprises on your first statements.
Support as you grow
As your business changes (new locations, a new website, more volume), you have a Canadian team to talk to about adjusting your setup.
Launching soon?
Sort out payments now so you’re ready to take your first sale.
A simple checklist before you apply
Every application is different, but these are things new businesses are commonly asked for. Having them ready can make setup smoother. Concept Payments will confirm exactly what they need from you.
- Your business’s legal name and structure (sole proprietor, partnership or corporation)
- A business bank account for deposits
- A description of what you sell and how you’ll deliver it
- Your website, if you’ll sell online
- An estimate of your monthly card sales (a best guess is fine)
How it works
Getting ready to accept payments, one step at a time.
- Tell Concept Payments about your plansClick through and share what your new business does, when you’re launching and how you expect customers to pay.
- Get a plain-language walkthroughConcept Payments explains the setup that fits (in store, online or both) and what it will cost, before you commit.
- Apply and get ready to launchComplete the merchant application. Once approved, you’re set up and ready to take your first card payment.
Frequently asked questions
Can a brand-new business with no sales history apply?
Yes, new businesses can apply. Applications from new businesses are reviewed like any other, and approval isn’t guaranteed. It helps to have a clear description of your business and a realistic estimate of your sales.
Do I need to be incorporated?
Not necessarily. Requirements depend on your business structure. Tell Concept Payments whether you’re a sole proprietor, partnership or corporation, and they’ll explain what’s needed.
I don’t know my monthly sales yet. Is that a problem?
No. A reasonable estimate is fine for a new business. You can talk through your expectations with Concept Payments and adjust your setup as your business grows.
Should I start in store, online, or both?
That depends on how your customers will buy from you. Concept Payments helps merchants accept payments in store, online and over the phone, and can explain the options for each.
How much will it cost?
Pricing depends on your business and how you’ll take payments. Concept Payments offers competitive rates and explains the fees up front. We don’t list rates here because they vary by business.
Why does this site link to Concept Payments?
NewCo Payments is an affiliate (referral) site for Concept Payments Corp. If you apply or sign up through our links, we may receive a referral fee. We only refer to Concept Payments, so this isn’t an independent comparison site.
Get your new business ready to take payments
Start the conversation with Concept Payments, a Canadian payments company based in Toronto. There’s no obligation to ask.
You’ll continue to the Concept Payments website. This is an affiliate link; see the disclosure below.