Canadian Merchant Account Services
September 27, 2008 by Admin · Leave a Comment
There are basically only five different types of merchant account services available in Canada. Choose the solution that best describes your business needs.
- Retail Merchant Account – This is where most of your sales are face-to-face. You will use a Point-of-Sale Terminal, which is often referred to as a ‘Debit Machine’ in Canada. This type of solution is appropriate for restaurants, retail stores, chiropractors, dentists, massage therapists, grocery stores, convenience stores, etc. This section goes in detail about retail payment processing options: POS Terminals, rates & fees, and what to ask merchant account providers. Click on the following link to learn more about: Retail Merchant Account Services
- Wireless Merchant Account – Wireless merchant accounts are for businesses that want all the benefits of a retail merchant account, such as the face-to-face low card-present rates and the convenience of being completely mobile. Your Point of Sale Terminal goes where your business goes and can accept all debit and credit cards. This type of solution is appropriate for businesses that have delivery, mobile pet groomers, mobile massage therapists, taxis, etc. This section goes into detail about wireless payment processing options: Cellular POS Terminals, rates & fees, and what to ask merchant account providers. Click on the following link to learn more about: Wireless Credit Card Machines
- Internet/E-commerce Merchant Account – Internet merchant accounts are for businesses that want to be able to accept credit cards as a method of payment on their websites. This section goes into detail about internet payment processing options: credit card processing, gateways, shopping carts, rates & fees, how your site must be set up to be approved and what to ask merchant account providers. Click on the following link to learn more about: Internet Merchant Accounts
- Office Virtual Terminals - This is a merchant account solution that is appropriate for businesses that only require credit card processing and want an easy-to-use system where they log in through a secure website to process sales. One highlight to this solution is its automatic recurring billing option. This solution would be perfect for business professionals, B2B type businesses and business that have recurring billing like a Gym or other kind of specialty membership business. Click on the following link to learn more about: Virtual Terminals
- Phone Processing – This is often referred to as the MO/TO (mail order/telephone order) solution, where a merchant can process credit cards by getting authorization through dialing into a 1-800 number. Perfect for the business that is on the go and only requires credit card processing. Click on the following line to learn more about: Phone Credit Card Processing.
