An accounting firm can finish a tax return on time and still spend weeks collecting the fee. A client forgets a cheque, an invoice gets buried in email, or a monthly bookkeeping payment needs another reminder. Payment processing should make those moments easier without creating more reconciliation work for the firm. The right setup depends […]
Payment processing has become an increasingly important part of running a distribution business. As more commercial buyers expect to pay by credit card, virtual card, or online invoice, distributors are processing larger transaction volumes than ever before. While electronic payments improve cash flow and customer convenience, they also introduce significant costs. For distributors operating on […]
Key Takeaways: Dental clinics typically pay between 1.5% and 3.0% in total payment processing fees depending on card mix and setup Insurance-driven billing creates delayed cash flow and split payment complexity Many clinics overpay due to legacy pricing models and lack of optimization Simple changes to payment setup can reduce costs by 20%–40% in many […]
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. In this article, we’ll cover what Canadian merchants need to know as they scale their […]
When running a business, accepting payments is a must, but for some industries, it isn’t as simple as swiping a card. Some businesses are labeled as “high-risk” by payment processors and banks, which complicates things. In this article, we’ll break down what high-risk payment processing is, how it works, and how businesses in this category […]
In 2024, the United States continues to be a hub of business activity with millions of businesses operating across the country. This article is an overview of the number of businesses and various statistics. A sample of the statistics in this article: The USA has approximately 33.2 million businesses in 2024 99.9% (31.7 million) of […]
Accepting credit card payments is no longer a luxury but a necessity for most businesses. People are using credit cards more while cash use is declining. As a result, choosing the right credit card machine for your business is crucial for ensuring smooth transactions and customer satisfaction. Canada, known for its robust financial services sector, […]
In today’s business landscape, where competition is fierce and customer expectations are constantly evolving, the ability to measure and analyze performance is more critical than ever. This is particularly true in payment businesses, where efficiency, accuracy, and reliability are paramount. The importance of measurement extends beyond payment processing alone; it is a cornerstone of success for […]
In the payments industry, understanding and effectively measuring performance are crucial for businesses to stay competitive and meet customer demands. Metrics and Key Performance Indicators (KPIs) play vital roles in this process, offering valuable insights into various aspects of operations. However, it’s essential to distinguish between the two and recognize their respective significance within the […]
Digital payments has become a core foundational capability with the growth of the internet and mobile devices. People want convenience, speed, and security rolled into a simple user experience. They want to easily pay anytime, anywhere, in whatever way they want. Payments has also become a new business model and revenue stream for businesses, particularly […]
