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
Billing cycles are one of the most important components that payment processors use to determine the risk level of a business. They determine the risk
It has happened to many businesses before and it’s not a good experience. You are halfway through a busy day and a colleague tells you
The quick answer is yes, you need a merchant account if you are going to accept credit card payments from your customers. A merchant account
If you know why consumers do chargebacks, you can work on preventing them. Chargebacks are one of those things that you should pay attention to
You want to get an understanding of how people are paying for things. Here’s a set of stats to give you the lay of the
Contactless payment is when a consumer taps their card on the payment terminal (point-of-sale, POS) to authorize a transaction. There’s no PIN, no signature. It’s
As a merchant, you need to know there is a difference between the merchant fees of credit cards vs debit cards. In the end, credit
It costs money for a business to accept credit cards. It would be nice if it was free, but it isn’t. The cost is generally
The credit card processing industry has some of the most complex pricing of any industry. To make it more difficult, the industry is so competitive
Payment processors and ISOs (Independent Sales Organizations) mostly sell the same products and services. In the end, ISOs resell products and services from processors and
When getting a merchant account, many payment processors will ask for a personal guarantee. There are some cases where this may not happen, for example
There are a number of different methods that payment processors charge for credit cards. Behind these pricing methods are costs which vary depending on numerous
It’s important to have both values and principles in your business. It allows you to build a strong culture and therefore wield the benefits of
PCI is an industry standard set by the PCI Security Standards Council. PCI stands for Payment Card Industry. Essentially, it provides a set of things
It is tough to determine the best payment processor. All merchants want the best and the best really depends on your business. We believe the
Chargebacks are a pain. If you get a chargeback, it means a customer of yours has got to the point where they don’t believe they
Type of Credit Cards Merchant account providers generally combine Visa, MasterCard and Discover as a standard offering. American Express deals directly with merchants to create
It’s not laziness and it’s not procrastination. It’s something else. But, certainly there is a tendency for a project to use up all the time that
Clearly Payments is a payment processor based in Vancouver, British Columbia. That is our backyard. We help businesses accept credit cards. Even though we service
VANCOUVER, BC – March 12, 2018 – Clearly Payments, a new credit card processor based in Canada, has officially launched to provide merchants with a
A pattern shows up in the world. It’s a pattern that is difficult to prove but easy to observe. Even though it’s easy to observe