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An early termination fee in credit card processing is an extra charge that a merchant gets for cancelling their merchant account prior to the termination date set in their contract. The design of early termination fees is to discourage merchants from leaving. It is supposed to reduce churn. All payment processors want to make a profit and they think these
The quick explanation of credit card tokenization is that it is the process where a “phrase” (or token) is used to represent credit card information
Around the year 2020, the usage of contactless payments drastically increased as customers and businesses looked for ways to minimize physical handling of cash and
Both debit cards and credit cards are very popular in Canada. Credit cards are currently the most popular transaction method in Canada, accounting for 31%
Implementing a hosted payment page is a simple way to offer your customers a safe and convenient way to make online payments while keeping your website
Inflation is a reality. If you’re finding it harder in 2022 to afford any of your business expenses, you’re in the same boat as many other
Banks and credit unions are critical to the success of any business, whether large or small. They help with the necessary service of managing the
As a business owner, there is a fee you pay so your customers can pay with credit cards. The fees are primarily a fixed transaction
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
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
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
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
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
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
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
We’re here to help you get the best credit card processing. Credit card processing, also known as merchant services, is notoriously difficult to understand. The
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Clearly Payments is a payment processor in Canada. The Clearly Payments name and logo are trademarks of Clearly Payments Inc payment processing in Vancouver, Canada. The Interac name and logo are trademarks of Interac Inc Canada. The Visa and MasterCard logos are trademarks of Visa International and MasterCard International Incorporated. Clearly Payments is a Registered MSP/ISO U.S. Bank National Association Canadian Branch.