The Best Debit Machines in Canada
Payment machines, also known as payment terminals, have been around since about 1960. Before they were actual machines, they were card imprinters and then they moved to magnetic stripes in the 1970s. They’ve evolved significantly over the past 60+ years and have become very common and reliable for payments. Payment machines now accept debit, credit […]
Credit Card Processing in the Construction Industry
The number of contractors, architects, builders, and others in the construction industry that use credit cards for payments has increased. It is an industry that, in the past, used a lot of checks and cash. Globally, cash and check use is declining at a significant rate, and the construction industry is part of that trend. […]
Interchange fees by country
The growing use of credit cards is a global phenomenon. The internet continues to explode, the ability to have your credit card on your phone is becoming normal, and the fact that we were forced to stay at home for many months during the pandemic has all turned credit cards into one of the most […]
Moneris Competition, FAQ, Information, and Review
What is Moneris? Moneris is a large payment processor and acquirer based in Canada. It offers the full solution for businesses to accept credit cards and debit cards. This payments industry overview will give you more information on how payment processors and acquirers work. Is Moneris the largest payment processor in Canada? Yes, Moneris is the […]
Top Credit Card Processors in Canada
The companies that sit at the top of the pack for credit card processors change over time so it’s important to remain updated. Payment processing companies in Canada are known by many names: payment processors, merchant acquirers, payment gateways, and the list continues. This list focuses on payment companies that work directly with merchants to […]
How Batches, Settlement, and Getting Your Funds Work in Credit Card Processing
When you accept credit cards as a merchant, batches and settlement are important processes that occur daily to get your funds. When a customer pays with a credit card, banks communicate in real-time, but funds do not transfer in real-time. A batch and settlement process needs to happen to receive your funds. What is a Batch […]
How to Get a Merchant Account to Accept Credit Cards?
Any business that has revenue over $100,000 per year and accepts credit cards almost certainly has a merchant account. If you don’t have a merchant account and your business processes more than $100,000 per year in credit cards, this article will give you an overview on how to get one. For the smaller businesses with […]
How Your Business Can Accept Credit Cards in Canada
There is a lot of confusion surrounding credit card processing and merchant accounts. Some of the most common areas of confusion are who sells the payment services, what companies process the transactions, and how the fees and pricing structures work. It is not critical for businesses to accept credit cards, but some merchants prefer accepting […]
A Short History of Payments and Credit Card Processing
It all Started with the Barter System People used to consider their wealth in terms of possessions (I suppose many still do). This wealth was primarily in the form of cattle, land, grain, housing and other physical assets. In order to purchase something by bartering, you would essentially trade. For example, you would trade cattle […]
How to Accept Apple Pay at your Business in Canada
When you’re a business, it’s key that your payment processing system is quick, simple, and secure. Your system needs to provide the ways that your customers want to pay. About 25% of people in Canada and USA have an iPhone. Those iPhone users are very active at using Apple Pay. Apple Pay was released in 2014 […]