The Difference Between an Acquirer and ISO in Payment Processing

The difference between an acquirer and an ISO in credit card payment processing

To get a merchant account, you can go to an acquirer or an ISO. In summary, acquirers run the transaction processing technology and they partner with ISOs to do the sales, service, and provide other value-add services. Most merchant accounts in Canada and USA are sold by ISOs (Independent Sales Organizations). ISOs can be further categorized into bank […]

Small Business Credit Card Processing in Canada

Small Business Payment Processing in Canada

Small businesses are the foundation of the Canadian economy. Most of the 2.5 million businesses in Canada are small businesses. This is one reason Clearly Payments puts such focus on small business and helping them get the best credit card processing with exceptional customer service and great pricing. What is a small business in payment […]

How Your Business Can Accept Credit Cards in Canada

Accept credit cards in Canada as a business

There is a lot of confusion surrounding credit card processing and merchant accounts. Some of the most common areas of confusion are who sells the payment services, what companies process the transactions, and how the fees and pricing structures work. It is not critical for businesses to accept credit cards, but some merchants prefer accepting […]

A Short History of Payments and Credit Card Processing

A history of payments

It all Started with the Barter System People used to consider their wealth in terms of possessions (I suppose many still do). This wealth was primarily in the form of cattle, land, grain, housing and other physical assets. In order to purchase something by bartering, you would essentially trade. For example, you would trade cattle […]

Getting the Best Payment Processing

Get the best credit card processing

We’re here to help you get the best credit card processing. Credit card processing, also known as merchant services, is notoriously difficult to understand. The endless options of payment pricing rates, different types of hardware, and the abundant choices of software make things a little exhausting. Getting the best credit card processing rates are generally […]

What is PCI in Payment Processing?

Innovation in payments with Clearly Payments

PCI is about keeping payments and data secure. The poor handling of payment data and credit card details are a main cause for fraud in payments. The better your business is with making credit card transactions safe, the more trusted your business will be.  The more trusted your business is, the more successful your business […]

How to Accept Apple Pay at your Business in Canada

Accept Apple Pay at your business in Canada

When you’re a business, it’s key that your payment processing system is quick, simple, and secure. Your system needs to provide the ways that your customers want to pay. About 25% of people in Canada and USA have an iPhone. Those iPhone users are very active at using Apple Pay. Apple Pay was released in 2014 […]

What are interchange fees and how they work

Small Business Payment Processing with Clearly Payments

Businesses need to pay an interchange fee for every credit card transaction. The interchange fee is the majority of the cost to businesses for payment processing. The businesses pay interchange fees, not the consumer. Many things can affect the interchange fee amount. First we will start off with a few basics of interchange fees.  What […]

Accepting American Express Credit Cards and What You Need to Know

Accept American Express Credit Cards

American Express, also known as AMEX, is a credit card company based in USA and has a long history. Unlike credit cards like Visa and Mastercard which are issued by banks, American Express issues its own cards directly to consumers. A Short History of American Express American Express is the oldest credit card company in […]

Credit Card Processing Transaction Types

Credit card processing transaction types

Credit card processing has several different types of transactions that are used for different scenarios at a point-of-sale. The most common is a “sale”, but there are several others like refunds, voids, etc. This is an overview of the transaction types in payment processing. Sale (or Purchase) The most commonly used transaction type by merchants […]