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 […]

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 […]

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 […]

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 […]

What are EFT and ACH in Payments?

What is EFT and ACH in payments

What does ACH and EFT mean? ACH stands for Automated Clearing House and EFT stands for Electronic Fund Transfer. These are terms used to describe the electronic transfer of funds from one bank to another in the North America. ACH is used in the United States and EFT is used in Canada. As a consumer, […]

Best Practices for Card-Not-Present, Remote, and Online Payments

The best payment gateway for online payments and credit card processing

Whenever you manually key in a credit card number in a payment terminal, have an online transaction, complete an order over the telephone, process a recurring payment, or use a credit card that is stored on file with your business, that is a card-not-present transaction. Any credit card transaction that you process where you are not […]

Integrating Payments into B2B SaaS and Software Companies

Clearly Payments offers integrated payments for SaaS and software companies

 Online software services have been on the rise since the advent of the internet. Online services built specifically for businesses have been growing significantly since 2010. In 2020, the global pandemic, unfortunately, forced many businesses to cut in-person or physical contact. This required businesses to adapt. It created new opportunities for online businesses to emerge. […]

What is EMV in Payment Processing?

EMV Payment Terminal with Clearly Payments

EMV is a secure payment technology standard that is used worldwide. EMV is managed by a handful of credit card networks: Visa, American Express, Discover, JCB, Mastercard, and China UnionPay. EMV stands for Europay, MasterCard, and Visa, who were the original founders in 1994.  How can I do EMV transactions? EMV transactions are commonly thought of […]

Time to get a contactless payment system in Canada

Ingenico Move 5000 Payment Terminal Contactless Payment

When you pay for something at the store, it has become a relief for consumers, and the merchant, when the payment terminal supports contactless payments. Contactless payments are faster and cleaner. Both of these are critical to providing safer payments in a COVID world. From a CBC news article titled “What’s the germiest surface in a supermarket? […]