Merrco Payments
Canadian payment processor for licensed cannabis and CBD merchants — POS terminals, e-commerce, and EFT — now operating under parent KORT Payments.
About Merrco Payments
Merrco Payments provides payment processing built for Canada's regulated cannabis, CBD, and nutraceutical merchants, combining in-store terminals (chip/PIN, tap, digital wallets) with e-commerce processing, its PayHQ EFT product, and the Barnet POS system. Its compliance-oriented controls are designed around Canada's seed-to-sale licensing requirements, and the company also offers merchant financing to cannabis operators.
Merrco was founded in 2016 and merged with fellow Canadian fintech Payfirma in 2018. In July 2024 its parent entity rebranded as KORT Payments, led by CEO Joel Leonoff (whose prior team built and sold Optimal Payments/Paysafe); Merrco continues operating as KORT's cannabis-focused payments brand from Toronto. No public evidence was found tying current ownership to PayFacto or Nuvei — that association appears outdated and should be dropped.
What Merrco Payments offers
- In-store card/tap terminals
- E-commerce payments
- PayHQ EFT
- Barnet POS
- Merchant financing
Details
- Category
- Payments & Cashless
- Headquarters
- Toronto, ON
- Founded
- 2016
- Serves
- Canada (licensed cannabis, CBD & nutraceutical merchants)
- Website
- merrco.com ↗
- Status
- Unclaimed · site checked 2026-08-28 · Claim this listing
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Merrco Payments’s own site, social profiles, and independent review listings.
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