It is my belief that all card processing will eventually be replaced by our mobile phones. With Near Field Communication passing more and more tests, this new technology may replace who we transact in Canada’s marketplace. The was a very interesting post well worth a read over at ElectronicPaymentsInternational.com on this very subject matter that [...]
Internet Merchant Accounts – What You Need to Know!
There are three main components to make a E-commerce Payment Processing Solution work. Shopping Cart Payment Gateway Merchant Account The Shopping Cart The Shopping Cart is the Database that enables your customers to choose what products they would like to purchase on your website. When they are ready to purchase a item they will click [...]
Virtual Terminal – Credit Card Processing
A Virtual Terminal is where you can turn any web enabled PC into a payment processing terminal. It allows you to work in several card processing environments. Retail face-to-face, mail-order, telephone-order (MO/TO), and e-commerce for your websites. This solution is perfect for those that have recurring billing because it also supports automatic billing. Gym’s and [...]
The Critical Canadian Merchant Services Guide – Part 8
Three Insider Money Saving Tips for Merchant Accounts Tip number one: If you run a business where you need to take a deposit (like a motel) or pre-authorization (as in a car rental biz) over the phone, then do the pre-authorization, but don’t close it out as a pre-auth because you will then be charged [...]
Credit Card Terminals in Canada
A credit card POS Terminal is often a stand-alone piece of digital machine which enables a merchant to swipe or key-enter a credit card’s information at the same time as supplemental details necessary to process a charge card sale A Visa or Mastercard POS Equipment is a dedicated piece of apparatus that only processes credit [...]
Methods of Processing Credit Cards
Nowadays most of charge card transactions are usually delivered in electronic format to merchant processing banks for authorization, capture as well as deposit. Numerous methods exist pertaining to presenting a credit card purchase to the system. In every situations either the whole magnetic strip is read by a swipe through: Credit cards terminal/reader A computer [...]




