Law firms handle sensitive client funds, including retainers, settlements, and real estate closings. Managing these funds properly is not just good business practice, it is a legal obligation. That is where escrow and trust accounts come in. This guide explains how escrow works for legal payments, outlines compliance requirements, and shows how Clearly Payments supports […]
The payment industry is packed with jargon that sounds like it was made to confuse you—terms like “interchange optimization,” “chargeback ratio,” and “merchant acquirer” get thrown around like everyone’s supposed to know what they mean. But unless you work inside a payments company, you probably don’t. And that’s okay. At Clearly Payments, we believe in […]
Interac e-Transfer is one of the most popular ways to send and receive money in Canada. Many consumers use it to pay friends or family. But it’s also increasingly being used by merchants to accept payments. At Clearly Payments, we often get questions from business owners about how it works, how they can use it, […]
The way customers pay is rapidly evolving. In today’s digital-first world, convenience and speed are top priorities for shoppers—especially online. One of the fastest-growing payment methods is the digital wallet. If you’re running an online business and not yet accepting digital wallets, you might be leaving revenue on the table. This guide walks you through […]
Tariffs — government-imposed taxes on imported goods — are often seen as a supply chain issue. But they also have a ripple effect that extends to merchants’ pricing strategies, customer behavior, and yes, even how payments are processed. While credit card processing fees aren’t directly subject to tariffs, many businesses are seeing indirect impacts that […]
Payment reconciliation connects what a business sold with what it collected and what reached the bank. It checks that invoices or sales records agree with payment transactions, settlement reports and deposits after fees, refunds and other adjustments are accounted for. The records rarely match one line at a time. Ten customer payments may arrive as […]
Payments may seem like a back-office function, but for enterprises, they can quietly eat into margins, frustrate customers, and bog down operations. Whether you’re dealing with complex billing models, global expansion, legacy systems, or escalating processing fees, payment challenges grow with scale. That’s where a payment consultant comes in and it’s exactly how Clearly Payments […]
Payment processing is a major part of business operations, influencing cash flow, customer satisfaction, and overall efficiency. However, the methods and preferences for processing payments vary between small businesses (SMB) and large enterprises. This article explores these differences in the USA and Canada for small business vs enterprise payment processing. Summary of SMB vs Enterprise […]
A credit card transaction is a process involving multiple entities, complex technology, and rigorous security protocols. It occurs in a matter of seconds but consists of multiple stages, from authorization to settlement. This article covers the anatomy of a credit card transaction and provides insight into the technological infrastructure that supports modern commerce. Credit Card […]
In retail, having an efficient and reliable payment system is key for business success. Retailers need solutions that are not only secure and flexible but also enhance the overall customer experience. Among the many point-of-sale (POS) systems available today, Clover and Talech stand out as two of the most robust and user-friendly options. In this article, […]
