BearlaPay

What is BearlaPay and what do they do?

BearlaPay is a Canada-based financial services provider offering secure and efficient payment processing and money transfer solutions for online businesses. Headquartered in Calgary, Alberta, and officially registered as BearlaPay Ltd, the company operates under regulatory authorization from FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as a Money Service Business (MSB).

This regulatory status allows BearlaPay to provide a range of services, including online payment processing, money transmission, foreign exchange, and remittance solutions. The company’s platform is designed to help merchants accept, manage, and settle payments across multiple currencies and regions, with a strong focus on security, compliance, and ease of integration.

BearlaPay also provides fraud prevention tools, real-time monitoring, and reporting dashboards that enable businesses to track transactions and ensure data protection. By combining compliance-driven operations with user-friendly interfaces, BearlaPay supports both local and international merchants seeking a trustworthy partner for online transactions.

Who is it for?

BearlaPay serves e-commerce retailers, subscription-based services, digital platforms, and SMEs that require flexible and compliant payment processing. Its solutions are particularly relevant for businesses expanding across North America or operating internationally, where regulatory oversight and AML compliance are critical.

Additionally, technology providers and platform developers can integrate BearlaPay’s APIs into their systems to offer embedded payment solutions to end users. The platform’s scalable design makes it suitable for both startups looking for quick deployment and enterprises managing high transaction volumes under regulated frameworks.

Why do businesses choose BearlaPay?

Businesses choose BearlaPay for its regulatory credibility, strong compliance foundation, and multi-functional payment tools. Verified advantages include:

• Regulated operations – Registered with FINTRAC as a Money Service Business, ensuring full compliance with Canadian AML and counter-terrorism financing standards.
• Comprehensive payment processing – Supports card payments, e-wallets, bank transfers, and remittances through a unified system.
• Multi-currency and cross-border support – Facilitates payments and settlements in multiple currencies for international businesses.
• Security and fraud prevention – Employs encryption, real-time monitoring, and AML controls to safeguard transactions.
• User-friendly platform – Offers an intuitive dashboard for transaction management, analytics, and reporting.
• Seamless integration – APIs and flexible architecture allow for quick implementation with minimal technical effort.
• Transparent pricing – Competitive transaction fees designed for small and medium-sized businesses managing tight margins.

Businesses using Corefy can simply obtain a MID from BearlaPay and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is BearlaPay trustworthy?

BearlaPay operates under strict Canadian federal oversight and is officially registered as a Money Service Business (MSB) with FINTRAC, ensuring compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This designation confirms that BearlaPay follows rigorous standards for customer verification, transaction monitoring, and reporting.

In addition to regulatory compliance, BearlaPay is PCI DSS certified, meaning it adheres to the global security framework for handling cardholder data. Its infrastructure employs advanced encryption and fraud detection tools to protect sensitive information and minimise risk.

By combining FINTRAC supervision, AML procedures, and robust cybersecurity practices, BearlaPay positions itself as a highly trustworthy and compliant payment partner for businesses operating in Canada and beyond.