When starting a business, several important decisions need to be made. But one of the most important that most often overlook or pick haphazardly is choosing a payment processor. People… this the company that will be ultimately paying you. Unless you plan on being a cash only business, picking a payment processor should a process [...]
Code of Conduct for the Credit and Debit Industry – Part 2
Decoding the Code – Part 2 In this section, we’ll cover the rest of the policy elements of the Code. As mentioned below, the voluntary Code of Conduct was introduced by the Federal Government of Canada as a means to provide some legislation to the payment industry. As defined by the Government, the purpose of [...]
5 Dirty Little Secrets About Merchant Account Services (ISO’s) From a Guy Who Has Worked At A Half Dozen Merchant Account Companies
First, the good news: They are not all crooked, in fact a good portion of ISO’s are honest hard working men and women who have no intention of squeezing every penny out of you. Unfortunately, those that want to help you are outnumbered by those who are less than honest. What you are about to [...]
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. [...]
Why do Different Payment Processors Have Different Rate Structures?
Many different processors are out there who offer merchant services. Weather the services are provided through a Member Bank or ISO, every application is subject to a very similar adjudication from Visa and Mastercard. Different processors do however, have different rate structures. There are a few reasons as to why these differences exist. Let’s look [...]
Protected: Merchant Account Sites For Sale
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