It’s 7am and you’re on your way to work. You stop at the usual stop every morning, to grab your cup of energy before you battle the rush hour traffic. You pull into the drive thru and the lineup seems to be taking a little longer than usual to move. You’re the next car up [...]
Leasing vs. Owning Your POS Terminal
POS Terminal simply stands for Point of Sale Terminal, it’s a fancy way saying credit card machine or debit card machine. The questions we will be addressing in this article is: “Is It Better To Lease or Is It Better To Buy Your POS Terminal?” When the banks deregulated the Merchant Services for business all [...]
Canadian Merchant Account Services
There are basically only five different types of merchant account services available in Canada. Choose the solution that best describes your business needs. Retail Merchant Account – This is where most of your sales are face-to-face. You will use a Point-of-Sale Terminal, which is often referred to as a ‘Debit Machine’ in Canada. This type [...]
The Critical Canadian Merchant Services Guide – Part 2
Why Card Processing is Important Just look at Interac’s statistics on card processing in Canada: Sixty-five percent of all sales are paid through Debit and/or Credit Cards in Canada. From my five years of experience working with many different businesses this can be much higher. If you have an e-commerce business it’s basically 100%. And [...]
Retail Merchant Accounts
Retail Merchant Accounts are for brick-and-mortar types of businesses. They are systems that allow businesses to process credit and/or debit card transactions in real time with instantaneous approvals by swiping cards across the POS Terminal. Traditionally, Point-of-Sale Terminals similar to the one shown at the side here are used. However, some businesses use a PC [...]
IP Credit Card Machine
In a nutshell, IP means you connect through your High-Speed Internet connection. IP is sometimes known as DSL or Broadband. The advantage of a IP Credit Card Machine is the speed. Transactions are usually processed in under 3-5 seconds. Another benefit is you can run multiple IP Credit Card Terminals through one Internet connection, which [...]
