The Critical Canadian Merchant Services Guide – Part 2

September 25, 2008 by Admin 

Why Card Processing is Important

Just look at Interac’s statistics on card processing in Canada:

Canadian Credit Card Processing Statistics

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 a lot of other businesses, like restaurants and bars, can see up to 85-90% of their sales go on plastic.

Any sane business owner understands that, considering the types of statistics above, there is virtually no way to stay in business without having a merchant account.

But did you know not everyone can qualify for a merchant account?

Click here to discover how to increase your chances of qualifying for a merchant service account

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