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What is Tiered Pricing in Payment Processing

What is Tiered Pricing in Payment Processing

In payment processing, tiered pricing is one of the most common pricing models used for fees by payment processors. However, it is generally the pricing model where merchants pay the most. Tiered pricing categorizes transaction fees into different tiers based on different criteria. This makes it important for merchants to

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What Open Banking Means to Canada

What Open Banking Means to Canada

What is open banking? Open Banking is a financial technology (fintech) trend that allows customers to share their financial data with third-party providers, such as

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The best debit machines in Canada and USA

The Best Debit Machines in Canada

Payment machines, also known as payment terminals, have been around since about 1960. Before they were actual machines, they were card imprinters and then they

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How a Credit Card Transaction Works in Payment Processing

How a Credit Card Transaction Works

There is a lot that happens in a credit card transaction. There is consumer identity verification, merchant status verification, fraud detection, and bank communication. All

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What is a virtual terminal in payment processing?

What is a Virtual Terminal?

A virtual terminal is a web-based application that allows merchants and business owners to accept credit card payments using an internet browser on a computer,

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Interchange fees by country in credit card processing

Interchange fees by country

The growing use of credit cards is a global phenomenon. The internet continues to explode, the ability to have your credit card on your phone

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What is a Payment Gateway?

What is a payment gateway?

Somewhere around 75% of adults shop online at least once per month. Shopping over the internet has grown into a big business. The internet is one

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