Credit cards are one of the most common ways Canadians pay for everyday purchases, from coffee shops to enterprise SaaS subscriptions. For merchants, credit card processing can feel opaque, especially when fees, approvals, and settlement timelines are bundled into a single monthly statement. Understanding how the system works helps you
What is radical transparency? When you start a company, an early decision you’ll want to make is how much information you are going to share
A merchant account is similar to a bank loan. It provides credit to a business. It is credit because after a customer swipes their credit
Reading credit card statements is complicated. There is no standard and there are no regulations enforcing a pricing method. There is a credit card processing
Getting good rates from a credit card processor is tough but not impossible. It can be complicated to understand your rates. Credit card processing has
You need to make sure you have good rates as a merchant. If you don’t have good credit card processing rates, it means less cash
RMTs (Registered Massage Therapists) and general massage therapists are in a competitive business. The core of a successful RMT is repeat business. When you have
First, just because a payment processor says they will get you 1.54% rates does not mean that is what you will pay. It’s unfortunate but
Accept credit cards with Clearly Payments and we’ll show you how much we make. We do that to keep us aligned with our mission which
If there is one point you should take from this article, it is that Interchange Plus pricing is by far the most merchant friendly pricing
Quite often, you need a payment processor. If you are accepting credit card or debit cards you will need a payment processor. If you also
It is unfortunate but sometimes there are issues in payments and credit card processing. They range from small annoyances to mission critical problems. Here’s some
Accepting credit cards cost money for a business. That is likely the the main reason a business might not want to accept credit cards. It
Interchange plus pricing, sometimes called cost plus, is one of the common ways that payment processors price their services for merchants. There are two other
There is a long history of retailers or financial institutions providing credit for customers. In the 1800s and early 1900s, imagine going into your local
The payment processing industry is a sector of the financial industry that handles electronic payment transactions. It includes companies that provide payment processing services, such
It’s been a decade long trend. People are using cash less in favour of credit card and debit card payments. It’s a trend that will
Chargebacks can have negative implications for merchants. They result in financial losses as the revenue from the sale is lost along with associated fees. Dealing
A return policy is a must. Whether you allow returns or you don’t, a policy should be clear. There are statistics out there that around
When you’re in payments, you’re in an industry with thousands of competitors in a complex value chain. In fact, most of the industry involves just
Future delivery is an important situation for some merchants in payment processing. It’s good to know how to deal with it and your payment processing
Payment aggregators (aka third-party processors) are service providers that allow other businesses to accept credit cards without having to set up a merchant account. They