It is almost April 1st 2009 which means most providers will be adjusting their (MDR’s) Merchant Discount Rates in Canada because Visa adjusts their interchange rates. Look through your statements over the last 2 months and see if you received anything like you saw in the video above. If you did, this is a good [...]
Visa, Mastercard Offering Debit in Canada…?
I found a link on Interac News that lead me to article recently published by Dana Flavelle and Rita Trichur about how Visa and Mastercard are poised to enter Canada’s debit market. Canadians have a had a sweet deal with Interac pricing on debit transactions. If Visa and Mastercard are able to break into the [...]
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 [...]
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 [...]
Reviews
Canada Card Processing
Huge Time Saver“Whether you are starting out in your search for a merchant account or looking to move an existing account ‘Canada Card Processing’ is the right place. The wealth of knowledge available on their site is a great time saver in trying to wade through all the mumbo-jumbo. The pricing is better than competitive right out of the gate. No hidden costs and great follow up and continuing education. I have an existing merchant account that I am going to move when the contract is up. A pleasure to do business with.”
Rating by Ernie Prommer: stars
