How Accepting Credit Cards Speeds up Collections in Business
It is more important than ever for businesses to have a quick and efficient collections process. Accepting credit cards is one of the best ways to speed up collections and improve cash flow. Accepting credit cards offers a number of benefits over other forms of payment, including convenience, security, and speed. Customers are more likely to […]
How Merchants Can Offset Credit Card Processing Fees
For businesses of all sizes, credit card processing fees can be a significant operational cost. Every time a customer swipes their card, a percentage of the transaction goes to payment processors and credit card companies. The majority of the fee is from interchange fees which go directly to the credit card issuing bank. While these […]
Does Accepting Credit Cards Increase Revenue for Businesses?
Businesses are always seeking ways to increase their revenue streams and remain competitive. One avenue for achieving this is by accepting credit card payments. The rise of credit cards has revolutionized the way consumers make purchases, making it essential for businesses of all sizes to consider the potential benefits of incorporating credit card payment options. […]
Benefits of Accepting Credit Cards for Your Business
Credit cards have been used for several decades, with their modern form emerging in the mid-20th century. The concept of credit dates back even further, but it was in the 1950s that the first general-purpose credit card, the Diners Club card, was introduced. This paved the way for the BankAmericard (now Visa) and Master Charge […]
Sell your Payments ISO or Book of Merchants
If you’re the owner of a payments business (i.e. ISO), you may be wondering if it’s the right time to sell. While the decision to sell your business is a personal one, there are a number of reasons why now may be the perfect time to do so. One of the most popular types of […]
Avoid Tiered Pricing in Credit Card Processing
Payment processing is an essential aspect of any business that deals with transactions, whether it’s a brick-and-mortar store or an online e-commerce website. Payment processors are responsible for processing credit and debit card transactions, as well as other forms of electronic payments, such as mobile payments and electronic checks. One common pricing structure used by […]
Are Payment Processing Fees Tax Deductible in USA and Canada?
As a business owner, payment processing fees can quickly add up and impact your bottom line. The good news is that in both Canada and the USA, payment processing fees are generally considered legitimate business expenses and can be tax deductible. Canada taxes and payment processing fees In Canada, payment processing fees can be deducted […]
How to Cancel Your Moneris Merchant Account
Breaking a contract without penalty can be a challenging and time-consuming process. However, for Canadian merchants who are looking to get out of their merchant account contract, there are several options available. In this article, we will provide you with a guide to help you break out of your merchant account contract with Moneris, as […]
Should my Business Accept Credit Cards?
Accepting credit cards has become a common practice for businesses of all sizes. While cash and checks were once the primary forms of payment, credit cards have quickly become a preferred method for customers. You can read more here about the declining use of cash and checks. In this article, we’ll explore the benefits and […]
How to Get Approved for a Merchant Account?
Getting approved for a merchant account is a crucial step for businesses looking to accept credit card payments from their customers. A merchant account allows you to process credit card transactions, which can increase sales and improve customer satisfaction. However, the approval process can be complicated and time-consuming. It’s important to know what you need to […]