Although they were already a vital aspect of many businesses, e-commerce merchant accounts continue to thrive. Now that it’s two weeks after the holidays and we are well rested, a little rounder and a litter poorer, what did we learn this past holiday in the way of retail trends? Well, by no surprise to most [...]
The Advantages of Being Able to Accept Credit Cards for Your Business
We live in a world where paying by credit card has become more normal than paying with cash. If you are a business owner, it is important that you set up your company in such a way that it is able to accept credit cards for your business. By being able to accept credit cards [...]
Is Your Merchant Account Prepped For The Holiday Season?
With only 2 shopping weeks left until Christmas, it’s usually around this time that the malls and shops around town start to get a little chaotic. Last minute shoppers are fighting tooth and nail for that perfect gift and time is of the essence. So here are a few tips merchants to ensure that their [...]
What You Need to Set Up a Merchant Account
It seems we’re still getting a lot of questions on our forum around what is required to set up a merchant account. So let’s take it back to the basics today and we’ll go through the requirements of setting up a standard card present merchant account. With this information, hopefully we can make the process [...]
High Rish Merchant Accounts for Canadian Businesses
Why am I high risk? In today fast society, almost everything is done online. And with the world of ecommerce growing at an exponential rate, you would think that because of the popularity of online merchant accounts, the ability to obtain one should be relatively easy and simple. Unfortunately, that is not the case. An [...]
Reading the Fine Print of Merchant Account Agreements
We’ve done a lot of articles in the past on Interchange and what to look out for and yet, we still see small merchants getting trapped into long term contracts at rates so high, you might as well be sending in paper deposits. So we’ll stress again how important it is to pay attention to [...]
Mobile Payments
With the launch of Google wallet, there’s been a lot of buzz about mobile payments. Visions of paying for that hamburger at lunch by a wave of your mobile phone dances through the minds of Canadians fuelled by the constant media attention. But how close is mobile payments really? The reality is, unlike the months [...]
How to Pick an Acquirer
When starting a business, several important decisions need to be made. But one of the most important that most often overlook or pick haphazardly is choosing a payment processor. People… this the company that will be ultimately paying you. Unless you plan on being a cash only business, picking a payment processor should a process [...]
Adjudication and Boarding Process
Before applying for a merchant account, it’s rather important to understand what’s involved with the process to level set your expectations. While it may seem fairly straightforward, a lot happens behind the scenes before that merchant number can be assigned to your business. First of all, you must fill out an application with an account [...]
