The Average Interchange Fee
Interchange fees are the biggest part of the fees that merchants pay whenever a credit card is used for a transaction at their business.…
PAYMENTS RESEARCH
Payments Research and Industry Data
Research and practical analysis on payment costs, merchant economics and the technology behind transactions.
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Research archive · Page 16
An Overview of the Self-Assessment Questionnaire (SAQ) for PCI in Payments
Self-Assessment Questionnaire (SAQ) is used by merchants and service providers in the credit card payment industry to evaluate the security of their payment processing…
The 8 Things you can do to Reduce Chargebacks
In credit card processing, a chargeback is a process by which a cardholder disputes a charge on their credit card statement with their issuing…
Payments Market Overview, Size, and Growth
You cannot talk about payments without talking about digital payments. Cash and checks are declining in use while digital payment forms are skyrocketing. The…
The Future of Payments and Trends in 2023
The future of payments will continue to be driven by advances in technology, changes in consumer behaviour with the desire for convenience, and the…
How Interchange Rates Work in Payments
Interchange fees, also known as swipe fees, are charges that merchants pay when a customer uses a credit card to make a purchase. Sometime interchange rates…
What is an issuing bank in payments?
An issuing bank is a financial institution that issues credit cards or other types of payment cards to consumers. These institutions are responsible for…
Clearly Payments Expands to USA for Credit Card Processing
VANCOUVER, BRITISH COLUMBIA, CANADA, January 26, 2023 — Clearly Payments, a leading payment processor in Canada, is excited to announce its expansion into the…
Should my business accept American Express?
As a business owner, one of the most important decisions you’ll make is which forms of payments to accept. American Express (AMEX) has over…
What Open Banking Means to Canada
What is open banking? Open Banking is a financial technology (fintech) trend that allows customers to share their financial data with third-party providers, such…
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…
Payments Partnership Launched with Provincial Credit Union and Clearly Payments
VANCOUVER, BRITISH COLUMBIA, CANADA, January 16, 2023 — Provincial Credit Union, the leading credit union in Atlantic Canada, and Clearly Payments, an award-winning payment…
Clover Point-of-Sale System Now Available with Clearly Payments
Clover is a point-of-sale (POS) software and hardware system that allows small to mid-sized retail, restaurant, and service-based businesses to take in-person payments. Clover…
How a Credit Card Transaction Works
There is a lot that happens in a credit card transaction. There is consumer identity verification, merchant status verification, fraud detection, and bank communication.…
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…
What is a Virtual Terminal?
A virtual terminal is a web-based application that allows merchants and business owners to accept credit card payments using an internet browser on a…
Stop Funding Delays in Credit Card Processing
One of the great things about credit card processing is that funds are deposited into your bank account within one or two days without…
How Much Does Credit Card Processing Cost?
Credit card processing is one of the “must-haves” for a lot of businesses. This is especially true because the world is moving to a…
How to Take Payments Online in Canada
Online shopping is growing at over 17% per year. With fewer people carrying cash and more retailers moving online, you can expect eCommerce to…
Payments for Software and SaaS Businesses
Software and SaaS (software-as-a-service) businesses have grown significantly over the past two decades. Consumers and businesses alike have all increased the amount and variety…
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…
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