Up until now, if you were a small business, the possibility of accepting credit card payments seemed remote with all the fees that are associated with a merchant account. Plus, you may not have a store front to plug a terminal into and wireless terminals were just out of your budget. But, earlier this week, [...]
Useful Apps: Creating a Credit Card Machine for Android
The latest buzz in the commercial trading market is the ability to process consumer credit card payments through mobile devices, like using an app to make an Android work as a credit card machine. Gone are the days when the use of mobile devices was restricted to remote wireless communication. A modern day phone can [...]
Visa Debit – A Reality That’s Coming to Canada
One of Canada’s largest department stores made a huge announcement today that may start the change in tides for the Canadian market place as it pertains to payments. Sears Canada did a joint press release with Visa Canada today announcing the acceptance of Visa Paywave at it retail store locations across Canada but perhaps what’s [...]
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 [...]
Online Fraud – What It Is and How To Prevent It
While there are definitely a lot of benefits to being an eCommerce merchant… the ease of starting up, no need for retail space, no need for hiring sales reps… one of the biggest downfalls is the potential to become a online fraud target. Fraudsters will typically target eCommerce merchants because the lack of checks and [...]
The Electronic Wallet
Last week, MasterCard announced a new project in conjunction with Google, Citibank and First Data to launch the first electronic wallet in North America. The concept is very simple… instead of carrying your credit cards, bank cards and other identification in a physical wallet, all this information is stored in an app on your smartphone. [...]
What Type of POS Terminal Should You Choose?
A way to accept your payments. Seems simple and yet with the array of selections currently available in the market, the POS terminal you choose should boil down to more than just how much the monthly rental cost will be. And since manual deposit slips are no longer accepted at the bank, you need to [...]
Restricted & Prohibited Business Types
Is Your Business On The Restricted and Prohibited Business List? Every business out there will be more successful if they have a number of different payment options available to their clients. It is a sign that the merchant cares for their customer’s and wants to make their transactions as effortless and comfortable as possible. Dually [...]
What Merchants Need to Know About Visa Debit Cards
Once upon a time, the big bad credit card companies threatened to unleash their branded debit card in a land called Canada. These new debit cards held promises of reward points and ubiquous acceptance all over the land to their cardholders… but at a much higher cost to the merchants. The merchants of this land [...]
What the Difference is Between an ISO and Bank Related Merchant Account?
When considering where to obtain merchant services, there is no shortage of providers to choose from now a days that’s for sure! There is no doubt that processing has become a lucrative business. Over time, the service has been de-regulated, so merchant’s have much more choice as to who they want their provider to be. [...]
