Payments Research and Industry Data
Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
Most Recent Analysis
Payment Processing for Accountants and Accounting Firms
An accounting firm can finish a tax return on time and still spend weeks collecting the fee. A client forgets a cheque, an invoice gets buried in email, or a monthly bookkeeping payment needs another reminder. Payment processing should make those moments easier without creating more reconciliation work for the
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
April 25, 2022
What are interchange fees and how they work
Businesses need to pay an interchange fee for every credit card transaction. The interchange fee is the majority of the cost to businesses for payment
April 19, 2022
Accepting American Express Credit Cards and What You Need to Know
American Express, also known as AMEX, is a credit card company based in USA and has a long history. Unlike credit cards like Visa and
April 6, 2022
Credit Card Processing Transaction Types
Credit card processing has several different types of transactions that are used for different scenarios at a point-of-sale. The most common is a “sale”, but
March 31, 2022
What are EFT and ACH in Payments?
What does ACH and EFT mean? ACH stands for Automated Clearing House, which is an electronic network used for financial transactions in the United States.
March 23, 2022
Accept Credit Cards From Anywhere In The World
Credit cards have become the defacto method for people to pay, especially since 2020. Online shopping, curbside pickup, home delivery, remote payments, and self-serve checkout/payments
February 25, 2022
Best Practices for Card-Not-Present, Remote, and Online Payments
Whenever you manually key in a credit card number in a payment terminal, have an online transaction, complete an order over the telephone, process a
February 16, 2022
Cannabis Payment Processing Now Available in Canada
Cannabis credit card processing is now available in Canada with Clearly Payments for physical licensed retail locations. Our world class merchant account, credit card machines,
January 11, 2022
What is Interchange?
When your business processes a credit card, you will be charged a transaction fee. The majority of that fee is the interchange fee. What is
December 15, 2021
Flat Rate vs Interchange Plus Pricing in Payment Processing
In payment processing, the two most popular pricing models are flat rate pricing and interchange plus pricing. Interchange plus pricing is also known as cost
December 8, 2021
Point of Sale Matters for Customer Experience
Global ecommerce is booming. People are completely comfortable making purchases on their computers or mobile phones. Some would think the aging population stays away from
November 2, 2021
How to pick the best credit card machine for your business
Credit card machines, also known as payment terminals, are critical for in-person purchases. They act as the point of sale and interaction with your customer.
October 6, 2021
Why Credit Cards Get Declined
It can be awkward when you’ve sold items and your customer’s credit card gets declined. The best way to deal with that situation is to
September 22, 2021
Comparing pricing for merchant accounts vs aggregators
There is a cost for merchants to accept credit cards. You most likely already know this. Payment processors provide the software and hardware, services around
August 13, 2021
Payment Processing Companies
Payment processing companies provide the full service to allow merchants to accept credit cards or debit cards. Some of the more advanced payment processing companies
August 5, 2021
Do I always need a merchant account for merchant services?
People generally think that credit card processing is new but the concept was used 200 years ago in the early 1800s. Modern plastic credit cards
July 19, 2021
Hotels and Lodging Get Better Payment Processing With Reopening
The world is reopening. People are starting to explore again. People are traveling and starting to stay in hotels once again. This is great news
July 9, 2021
Integrating Payments into B2B SaaS and Software Companies
Online software services have been on the rise since the advent of the internet. Online services built specifically for businesses have been growing significantly since
June 11, 2021
Payment Processing in Canada
Payment processing is very geographical. Each country has its own regulations with their own banking system. In Canada, any payment processor that offers a merchant
May 26, 2021
Gross vs Net Funding in Payment Processing. You Choose.
When you accept payments, funds get automatically deposited into your bank. This generally happens within 3 business days. By the way, Clearly Payments deposits your
May 17, 2021
Contactless Payment Options that Make Credit Card Checkout Safer
People are now expecting the checkout process to be touchless. The concerns of health, safety, and minimizing the transmission of disease are top of mind.
May 5, 2021