Lapsa

What is Lapsa and what do they do?

Lapsa (Lapsa Payments LTD, operating as Lapsa.pro) is a Canadian payment service provider based in Vancouver, British Columbia. The company offers business and personal accounts alongside card acquiring, giving clients a single point of access to wire transfers, Visa and Mastercard processing, and digital wallet services.

On the acquiring side, Lapsa supports multi-currency card processing with payment crediting within 24 hours, alongside card-to-card (P2P) payments, recurring charge set-up, tokenisation for one-click payments, 3D Secure (3DS), e-invoicing, and dynamic descriptors. Its digital wallet product lets clients manage funds, access accounts via web and mobile apps, and send fast international transfers, including instant transfers between Lapsa account holders.

Account opening is remote: clients submit identity verification and, for business accounts, supporting legal documents, with standard approval within 72 hours and an expedited option available.

Who is it for?

Lapsa serves merchants and individual clients across a range of sizes and business types, from newly established companies to more complex operations that need tailored onboarding. Its combination of card acquiring, wire transfers, and multi-currency wallets suits e-commerce merchants, cross-border businesses, and companies processing regular card-not-present transactions who want acquiring and account services from a single provider.

Why do businesses choose Lapsa?

• Individual, tailored onboarding — Lapsa reviews each merchant's business model directly rather than applying blanket criteria, with terms and features adapted to the client's specific needs.
• Dedicated account management — every client is assigned a Personal Account Manager, with 24/7 support throughout the relationship.
• Fast settlement — successful card payments are credited to the merchant's account within 24 hours.
• Flexible payment tooling — card-to-card payments, recurring billing, tokenised one-click payments, e-invoicing, and dynamic descriptors are available as standard, reducing the need for separate integrations.
• Commission only on successful payments — merchants are not charged for declined transactions.

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

Is Lapsa trustworthy?

Lapsa Payments LTD is registered as a Money Services Business (MSB) with Canada's Financial Transactions and Reports Analysis Centre (FINTRAC), with registration in effect since October 2022. The company has been operating from Vancouver since its founding and is subject to the identification, verification, and ongoing risk-assessment obligations that apply to regulated Canadian payment service providers.

On the security side, Lapsa holds PCI DSS certification, the industry standard for protecting card data, and uses an AI-based fraud-monitoring system, Securita, to screen transactions. Combined with its remote identity-verification process for both individual and business accounts, this gives merchants a documented, compliance-driven framework for onboarding and ongoing account use.