It’s time to get rid of MDR in payments – Merchant Discount Rate
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…
PAYMENTS RESEARCH
Payments Research and Industry Data
Research and practical analysis on payment costs, merchant economics and the technology behind transactions.
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Research archive · Page 20
Businesses need to watch out for reserves in payment processing
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…
Visa and MasterCard Interchange Fees in Canada are Changing
Interchange is the fee collected by credit card issuers on every transaction. These interchange rates in Canada are set by Visa and MasterCard and…
Build passive income while helping local businesses
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.…
You Inspire People by Doing Your Best
Many things inspire people. And people are inspired by many different things. We get that. Characteristics like passion, empathy, and honesty are all inspiring.…
Dentists deploy contactless payments for social distancing
Patients prefer convenience, speed, and minimal contact when they pay after their dental visit. This trend, particularly minimal contact, has been slowly gaining traction…
Dentists reduce credit card processing cost with wholesale membership plan
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…
Social Distancing: Let your customers pay by credit card while remote
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…
What is underwriting and merchant account risk?
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,…
Clearly Payments Inc. announces appointment of new CEO and the launch of membership payments
New financial technology firm aims to drive down the cost of accepting payments for merchants and bring radical transparency to the payments space. FOR…
What are reserves in payment processing?
A reserve on a merchant account in credit card processing is a temporary hold on a portion before they are deposited in your bank…
When do credit card funds get deposited?
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…
A Culture of Radical Transparency
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…
Why credit card processors need financial statements from businesses to get a merchant account
A merchant account is similar to a bank loan. It provides credit to a business. It is credit because after a customer swipes their…
Reading your credit card statements
Reading credit card statements is complicated. There is no standard and there are no regulations enforcing a pricing method. There is a credit card…
Getting the lowest credit card processing fees in Canada
Getting good rates from a credit card processor is tough but not impossible. It can be complicated to understand your rates. Credit card processing…
The top tricks for Canadian credit card processing companies
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…
Payment processing for RMTs
RMTs (Registered Massage Therapists) and general massage therapists are in a competitive business. The core of a successful RMT is repeat business. When you…
Ways to get the cheapest pricing in payment processing
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…
We’ll show you how much we make
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…
Interchange Plus Pricing for Merchant Accounts
If there is one point you should take from this article, it is that Interchange Plus pricing is by far the most merchant friendly…
Looking up a payment term? Explore the Payment Glossary or the Resources library.