Canadian processor Helcim aims to attract more partners through revenue sharing – Digital Transactions

Canadian payment services provider Helcim Inc., which like many payment processors works with a range of third-party partners, said Tuesday evening that it intends to strengthen its partnerships to allow those integration partners to share revenue from the company’s transactions.

Helcim believes that revenue sharing will help attract even more developers and other partner companies and give them an incentive to maintain the integration, founder and CEO Nic Beique said in a statement. Information on the details of the program, including the percentage that will be split between partner companies, was not immediately available.

Founded four years ago at the height of the Covid pandemic, the Calgary-based company serves a range of retail segments, including the highly competitive restaurant market. Helcim says it already works with a wide range of developers, including software-as-a-service platforms, managed service providers and web designers. It processes transactions for both point-of-sale and e-commerce businesses. For card-present transactions, the company recently launched a Smart Terminal API aimed at making integration easier for developers.

Helcim has raised its profile significantly in recent months. In May Apple Inc. has named the company, along with seven other processors, the first to offer tap-to-pay on the iPhone in Canada. The technology allows merchants to process card transactions using a standard iPhone. It launched its Helcim Smart Terminala $349 (C$429) device with a built-in printer, large display and the ability to process both contact and contactless card payments.

The privately held company has also been able to secure funding. In February, it raised $27 million from six investors in a Series B round.