Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
Key Takeaways Merchant churn can vary by more than 5x depending on vertical, with professional services below 10% annual logo churn while high-risk ecommerce categories are 50% Restaurants frequently experience 25% to 45% annual logo churn, driven by business failures, POS migrations, ownership turnover, and embedded payment switching Ecommerce portfolios
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.
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
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
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
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
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
Accountants generally have a few top priorities when looking for a payment processor. This includes 1) the ability to let clients accept credit cards online,
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
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
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
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.
Online shopping and eCommerce is quickly becoming the new normal. Consumers have started to comfortably make purchases online from their computers or mobile devices. All
Payments is an industry that is evolving quickly. The rise of online and mobile shopping is one of the reasons for this rapid transformation. With
There is no “one size fits all” in payment processing. If you’re looking for the top payment processor, figure out what is important to you.
The types of payments that people use has continually been evolving. The first form of money came about around 5000 B.C., but modern payments have
It’s no mystery that Clearly Payments is on a mission to offer the lowest cost payment processing. It’s been written about many times and many
Small businesses make up 85% of all businesses in Canada. They are the foundation of our economy. It’s so important that small businesses get reliable
EMV is a secure payment technology standard that is used worldwide. EMV is managed by a handful of credit card networks: Visa, American Express, Discover, JCB,
Online shopping and eCommerce is growing extremely fast in Canada. It has been growing around 20% per year and 2020 has seen an explosion of
When you pay for something at the store, it has become a relief for consumers, and the merchant, when the payment terminal supports contactless payments.
This article is about helping you get the best POS system for your business. A POS system (point-of-sale) is the software and hardware allowing a