Payment processing is an important part 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 […]
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 […]
In today’s digital age, governments at various levels face the challenge of efficiently managing payment processing for a multitude of services, including taxes, fines, licenses, permits, and more. With the increasing demand for convenient and secure payment options, governments need reliable partners who can provide robust payment processing solutions. Clearly Payments is not only a […]
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 […]
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 […]
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 […]
The total number of digital payment transactions globally is expected to reach 1.5 trillion in 2023, up from 876 billion transactions in 2018. The payments market is huge. These trillions of transactions provide data that can be used to understand what has happened in the past and predict the future. Payment data analytics is about […]
Insurance firms have increasingly been accepting credit cards as a convenient form of payment for their customers. Insurance firms, in the past, have been more cautious about accepting credit card payments, as they are often concerned about the associated processing fees. Despite this, since 2020, there has been a significant shift in the industry with […]
Many accounting firms accept credit cards as a form of payment. They have found that it makes it easier for customers, it speeds up collections, and it helps with reconciliation. Larger accounting firms have been more likely to accept credit cards as they have the resources and infrastructure to manage credit card payments securely and […]
Fraud in credit card processing is a significant problem that costs businesses and consumers billions of dollars each year. The exact size of the problem is difficult to estimate. Global card payment fraud losses totaled $32.34 billion in 2021, borne collectively by issuers, merchants and acquirers. That’s a staggering amount. In Canada, the Canadian Anti-Fraud Centre […]
