How does billing cycle impact merchant account rates?
Billing cycles are one of the most important components that payment processors use to determine the risk level of a business. They determine the…
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 25
Merchant account closed, frozen, or on hold
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…
Most common reasons for chargebacks
If you know why consumers do chargebacks, you can work on preventing them. Chargebacks are one of those things that you should pay attention…
Payments statistics: credit, debit, cash, checks, EFT…
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 benefits of contactless debit and credit card payments
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.…
The difference between credit card and debit card rates
As a merchant, you need to know there is a difference between the merchant fees of credit cards vs debit cards. In the end,…
Is it worth it for businesses to accept credit cards?
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…
What is the effective rate in payment processing?
The credit card processing industry has some of the most complex pricing of any industry. To make it more difficult, the industry is so…
Payment processors vs ISOs
Payment processors and ISOs (Independent Sales Organizations) mostly sell the same products and services. In the end, ISOs resell products and services from processors…
What are personal guarantees and why have them?
When getting a merchant account, many payment processors will ask for a personal guarantee. There are some cases where this may not happen, for…
Reasons why higher credit card fees are charged
There are a number of different methods that payment processors charge for credit cards. Behind these pricing methods are costs which vary depending on…
Values vs Principles in Business
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…
What small businesses need to know about PCI Compliance
PCI is an industry standard set by the PCI Security Standards Council. PCI stands for Payment Card Industry. Essentially, it provides a set of…
The best payment processors
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 way to reduce chargebacks
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…
Make your business more efficient with the Parkinson’s Law
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…
Clearly Payments Joins West Vancouver Chamber of Commerce
Clearly Payments is a payment processor based in Vancouver, British Columbia. That is our backyard. We help businesses accept credit cards. Even though we…
Clearly Payments Launches Credit Card Processing in Canada
VANCOUVER, BC – March 12, 2018 – Clearly Payments, a new credit card processor based in Canada, has officially launched to provide merchants with…
Looking up a payment term? Explore the Payment Glossary or the Resources library.