Yep – it’s official. Big banks move slowly. Nevertheless, TD has finally released a merchant solution for small businesses wishing to accept credit cards online. I spoke with a TD merchant exec this morning who notified me that her employer “has now realized there is a big market in dealing with E-Commerce.”

Well…better late then never. 🙂

You can find out more about TD’s online merchant and storefront solutions here. Pricing starts at $99 for setup, $49 per month and $0.25 per transaction.

Other popular choices for Canadian companies include:

Moneris (a BMO / Royal Bank company)
Beanstream (a Simply Accounting partner)

Personally, I’m using Paypal now because of its flexibility and lack of setup and monthly charges. However, if you’re a bigger company with a lot of transactions, I would think the Moneris or TD solutions are your best choice. Having it all run through your current bank account will certainly make your bookkeepers life easier.

Update: Just noticed that Beanstream is powering TD’s solutions as well.