# Paystone

Paystone is an Asset Manager based in London, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, Canada
- **Region:** North America
- **Address:** London, ON, Canada
- **Assets under management:** Undisclosed
- **Website:** paystone.com

## Regulatory record

- **Reports private funds:** No

## About

Looking for a reliable payment processor in Canada? Paystone offers transparent pricing, no contracts, and next-day deposits, so you can easily accept payments online and in person. Get started.

## Sectors

- FinTech

## People

- Daryl Olthoff — Founder and COO at Start.ca

## Questions

### How does Paystone make money if it's bank-independent and contract-free?

Paystone earns a small, fixed markup on each transaction, layered on top of the non-negotiable interchange fees paid to card-issuing banks and scheme fees paid to networks like Visa and Mastercard. Its website advertises this as a transparent, single-rate structure for credit and debit processing. The firm's revenue is purely transaction-volume-driven, which aligns its incentives with merchant growth rather than contract lock-in.

### What is Paystone's actual corporate structure?

Paystone Inc. operates as a privately held payment facilitator and merchant acquirer, not a chartered bank. It is not publicly traded, and its website reveals no external institutional investors or holding-company parent. The firm describes itself as Canada's largest bank-independent processor, though it does not disclose financial backers, a board, or named executives beyond client testimonials on its marketing site.

### Does Paystone process payments outside of Canada?

All available evidence — its website, customer testimonials, and contact information — points to a purely domestic Canadian acquiring business. It markets itself as a processor for Canadian businesses, quotes pricing in the context of the Canadian market, and lists no international offices or multi-currency capabilities. Cross-border or U.S. acquiring is not mentioned.

### Who are Paystone's competitors in the Canadian independent processing market?

Paystone competes with other bank-independent Canadian acquirers and payment facilitators such as Helcim, Nuvei, and Lightspeed's integrated payments arm, as well as the merchant-services divisions of the Big Five Canadian banks. Its public differentiation rests on a no-contract, flat-rate promise and next-day funding, a direct challenge to the early-termination fees and blended-rate opacity common among legacy processors.

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Last updated: 2026-06-03T20:00:00.000Z

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