A few days ago, Google sent out a note to their customers using Google checkout to advise that they will no longer be supporting this service. In return, they were changing their customer accounts to a Google wallet account. So what exactly does this mean and how does it affect Canadian merchants? Google checkout was [...]
How to Pick an Acquirer
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 [...]
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 [...]
CFIB Launches Consumer Education Campaign
As a merchant, you know about the fees you have to pay to your acquirer. You know about how the industry has changed over the last 5 years and how your fees have increased 10 folds with the introduction of new types of credit cards into the market. You also know that these increases have [...]
3 Reasons You Were Declined
3 Reasons Your Merchant Account Application Was Declined That Could Not Have Been Helped All of the major Credit Card companies and merchant services providers want to provide services for every business that comes to them. The reality is, they cannot indiscriminately just sing up everybody or else they may stand to loose a lot [...]
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 [...]
Code of Conduct for the Credit and Debit Industry – Part 1
Decoding the Code – Part 1 On April 16, 2010, Finance Minister Jim Flaherty introduced the Code of Conduct for the Credit and Debit Industry in Canada. This was in response to the merchant outcry for more legislation in the card processing industry. The perception was that the payment card brands were free to set [...]
How to Automate Your Recurring Billing With a Virtual Terminal
Business is no longer necessarily face to face practice. Over the years, with the inception of the digital age, business too has become a faceless transaction. There are a countless number of reasons as to why this is beneficial and the ability to conduct business at great distances has changed the very face of commerce [...]
7 Things You Need to Watch Out For in a Merchant Account Contract
There are many companies out there competing for your business with regards to Merchant Processing. Since the deregulation of the industry, there has been a large emergence of new companies into the industry with the promise of providing your services. These companies are only becoming larger in numbers by the day! No matter what though, [...]
Mismatched Totals or Out of Balance – How To Fix
You’re tired, it’s late and you want to go home. After an exhausting day you have just one task to complete on the Point of Sale terminal and that is your end of day settlement. Usually it is a two minute task but tonight when you go through the normal procedure the terminal is telling [...]
