Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
The payments industry has spent decades investing in technology. Processors built massive infrastructure platforms. Acquirers invested billions in connectivity, security, compliance, hardware certifications, and payment network integrations. The companies with the largest technology investments generally won because they could process transactions more efficiently, more reliably, and at greater scale than
The industry your business is in has a big impact on your interchange rate. Industry is a key factor that determines the risk level of
Interchange rates are an important component of payment processing globally. They are set by card networks like Visa, Mastercard, and American Express, and they represent
The world of credit card processing and merchant accounts can be confusing, with various types of organizations involved and complex fee structures. Merchant accounts are
If you’re the owner of a payments business (i.e. ISO), you may be wondering if it’s the right time to sell. While the decision to
Payment processing and point-of-sale systems can be complex and frustrating at times. The Toronto Star article titled “All Stick, No Carrot: Store Owner Balks at
Digital payments have become the norm over the past 10 year. Technology like the internet and mobile devices, along with the push to online shopping
In the world of payment processing, two key terms frequently arise: card-present (CP) and card-not-present (CNP). These terms describe the presence or absence of the
MCC stands for Merchant Category Code. It is a four-digit number assigned to businesses to categorize the type of goods or services they offer. The
Payment processing is an important part of any business that deals with transactions, whether it’s a brick-and-mortar store or an online e-commerce website. Payment processors
Credit card processing has become an essential part of business, allowing businesses to accept electronic payments from customers conveniently. It’s important for merchants to have
As a business owner, payment processing fees can quickly add up and impact your bottom line. The good news is that in both Canada and
PAD stands for “Pre-Authorized Debit” which is sometimes called direct debit. It is a type of payment method that allows customers to give permission for
In today’s digital age, governments at various levels face the challenge of efficiently managing payment processing for a multitude of services, including taxes, fines, licenses,
Interchange plus pricing, which the pricing model Clearly Payments uses, is a payment processing model that has become increasingly popular in recent years. It is
Credit card networks, like Visa and MasterCard, play an essential role in enabling millions of people to make digital payments across the world. Credit card
Having a bias for action is a company value for Clearly Payments. Simply put, a bias for action means taking action quickly and decisively in order
Breaking a contract without penalty can be a challenging and time-consuming process. However, for Canadian merchants who are looking to get out of their merchant
Chip and PIN is a payment processing technology that has become increasingly popular in recent years. This technology is designed to provide an additional layer
One of the core values of Clearly Payments is independent thinking. In the fast-paced and highly competitive world of business, we believe the ability to
Accepting credit cards has become a common practice for businesses of all sizes. While cash and checks were once the primary forms of payment, credit
Getting approved for a merchant account is a crucial step for businesses looking to accept credit card payments from their customers. A merchant account allows you