USA vs Canada Interchange Rate Comparison for Payments
Interchange rates are a cost for credit card transactions for merchants. Interchange is the revenue for credit card companies and issuing banks. Canada and the USA have a big overlap in purchasing habits and trends in payments. The two countries also have some big differences on how payment processing fees work across debit cards and […]
How Long Does it Take to Receive Funds From Credit Card Transactions?
Credit card transactions make up 40% of retail transactions and 56% of the total value of goods and services purchased. However, one question that often arises for merchants is: “How long does it take to receive funds from credit card transactions?” In this article, we will explore the various stages of credit card processing, factors […]
What is Payment Processing?
Payment processing is a critical component of modern commerce, facilitating the secure transfer of funds between buyers and sellers. This article provides an exploration of payment processing, including the definition of payment processing, its historical development, current market landscape, key players, and the intricate mechanisms that underpin its operation. The Definition of Payment Processing Payment […]
How QR Codes Work in Payment Processing
In the rapidly evolving world of digital payments, QR codes have emerged as a top payment trend, revolutionizing the way transactions are conducted. This article covers QR codes for payments, exploring their mechanics, widespread adoption, and the transformative impact they have on the financial landscape. The global QR code payment market was valued at USD […]
Merchant Account for USD and CAD Without Currency Exchange
In today’s interconnected world, businesses of all sizes are increasingly engaging in global commerce, transcending geographical boundaries to reach customers across borders. However, one of the significant challenges that arise in international transactions is currency exchange. Converting funds from one currency to another can lead to additional costs and complexities for merchants, affecting their bottom […]
An Overview of the Payments Ecosystem in 2024
In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. […]
An Overview of Payment Regulation In The USA
The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place. This article aims to provide an in-depth overview of the key regulatory […]
The Top Payment Processing Metrics and KPIs for Merchants
Merchants rely heavily on payment processing systems to facilitate seamless transactions and drive revenue growth. To effectively gauge the performance of their payment operations and optimize their strategies, merchants must track and analyze key metrics and key performance indicators (KPIs). These metrics provide valuable insights into various aspects of payment processing, including transaction volume, customer […]
A Merchant Guide For Buy-Now-Pay-Later (BNPL) Payments
The landscape of payment processing has evolved with the introduction and widespread adoption of innovative payment solutions. One solution that has gained traction is Buy-Now-Pay-Later (BNPL). BNPL services allow consumers to make purchases and defer payment, often breaking it down into smaller, more manageable installments. This model has disrupted traditional payment methods and has become […]
Understanding Interchange Fees: A Canadian Merchant’s Guide
In the world of digital payment processing, merchants encounter a variety of fees that impact their bottom line. Interchange fees are a crucial aspect of this landscape, influencing how much a merchant pays for each transaction. For Canadian merchants, understanding interchange fees is essential for optimizing costs and improving overall financial management. This comprehensive guide […]