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 [...]
Depositing – How Does it Happen and What Can Go Wrong
As a merchant, one of your primary goals is probably to get paid at the end of the day. But did you ever wonder how those transactions you process through your terminal end up as funds in your bank account? Probably not… the logistics behind transaction processing is hardly what would make up good coffee [...]
So You’re High Risk… Now What?
You’ve made a big decision and you’ve decided to open your own business. Perhaps it’s those cute little crochet animals your nana taught you to make or maybe it’s the homemade jams you get praised on by everyone in your family… either way, you’ve decided to set up a website and sell these little goodies [...]
PCI – What You Need to Know
Security is top of mind for every merchant today. Every in your store needs to be secured against theft. You’ve installed security cameras and locks on your door to protect your merchandise. Your credit card information is no different and also needs to be protected. PCI, which stands for Payment Card Industry, was developed as [...]
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 [...]
Is My POS Terminal Chip Ready? (Questions You May Want To Ask)
Point of Sale machines have been used in business for almost more than 20 years at the point in time. Up to now, the actual physical terminal has undergone very few physical changes. With the exception of different functions, software, applications, the actual physical terminals themselves have had no massive difference or change in the [...]
When Rates Are ‘Too Good’ to Be True And How to Tell
My mother used to tell me all the time, if it looks “too good to be true” than it probably is. This advice is applicable to all walks of life and especially pertinent to Merchant Service Providers. We all have the inner critic that screams inside us when we know we see something good, so [...]
Canada vs. US – are we that different?
In most cases… I would say no. I mean, we’re all North Americans. International Merchant Account Services Vs. Canadian Merchant Account Services Both countries have folks who love their Starbucks and both have those who love either their Timmies or their Dunkin’ Donuts. We both have different demographics and a mixture of cultures throughout the [...]
The Difference between a Retail Merchant Account versus an E-commerce Merchant Account
There are a few major differences when dealing with a Retail Merchant Account, and an Ecommerce Merchant Account. Both are similar in that, a merchant or seller is able to accept Visa, Master Card, American Express and Interact, as a method of payment for goods and services rendered, but the way they are accepting these [...]
