Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
Payment processing is often described in simple terms, charging a card, receiving funds, and reconciling transactions. In practice, modern payment systems are far more complex, operating as distributed financial networks that coordinate financial institutions, card networks, and technology platforms in real time and across delayed settlement cycles. These systems underpin
We’ve been working on our “best of” series for payment processing, such as the best credit card machines and best payment processors. In this article,
There are specific needs in dental credit card processing that we have seen as we’ve worked with many dentists. First and foremost, low-cost is critical.
One of our working principles is based on our belief that a successful company is opportunity-focused, not problem-focused. Opportunities produce results and growth. Problem-solving tends
Credit card machines have been around since around 1960. They started as credit card imprinters and moved to magnetic stripes in the 1970s. They’ve evolved
Merchants are paying too much on payment processing. That’s a fact. Most merchants have the opportunity to save significantly on accepting payments if they follow
We believe the most important unit of success in a company is learning. That’s right, it’s not revenue or profit or growth rate. We feel
Merchant Discount Rate (MDR) sounds like a good thing. Who doesn’t want a discount? But the term is highly misleading. Watch out. When you hear
Do you know what puts most businesses out of business? Reduced cash flow. After a business makes a sale, if it doesn’t get the funds
Interchange is the fee collected by credit card issuers on every transaction. These interchange rates in Canada are set by Visa and MasterCard and are
Clearly Payments, a Canadian payment processor that was built from the ground up to have the lowest payment processing fees, has launched an Ambassador Program. People
Many things inspire people. And people are inspired by many different things. We get that. Characteristics like passion, empathy, and honesty are all inspiring. Those
Patients prefer convenience, speed, and minimal contact when they pay after their dental visit. This trend, particularly minimal contact, has been slowly gaining traction for
The fees for payment processing add up. Many dentists don’t know how much they are paying, but they do know they are paying too much.
Businesses are working remotely. The remote working trend is only increasing, especially during the COVID-19 crisis the world is experiencing. It is becoming more important
Credit card processors (or merchant service providers) have exposure to losing the money. That’s the risk which merchant account providers take. By the way, here’s
New financial technology firm aims to drive down the cost of accepting payments for merchants and bring radical transparency to the payments space. FOR IMMEDIATE
A reserve on a merchant account in credit card processing is a temporary hold on a portion before they are deposited in your bank account.
Our goal is to increase your cash flow and your profitability. We increase your profitability by providing you the best rates. We increase your cash flow
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