Contactless Payments may be a brand new payment type but Canadians are embracing contactless payments at record rates, very much eclipsing contactless payment use in the United States. In Canada, Visa reported that 48% of recent point of sale transactions were contactless while only 1% were in the United States during the same period. However, even though Canadians use of contactless payments is far greater than Americans, many Canadians are hesitant to use the new form of pa

Small businesses are constantly looking for ways to boost growth and profitability. With the development of smartphones, one simple way to achieve better growth and profitability may be through mobile payments. Forbes reported that companies that accept mobile payments are more profitable and grow faster than companies that do not. Also, Forbes also cited a survey of 2,300 companies and consumers which found that businesses that had annual revenue growth of 11% or more were

As your business grows and changes, so too will your credit card processing needs. In addition, you may also come to a point where you realize you and your business deserves more than what your credit card processor is providing you. Below are several conclusions that business owners just as you have come to, that demonstrates that it is time for them to change to a credit card processor that focuses on improving the partnership they have with them rather than merely increas

One of the chief causes of lost revenue for online merchants is chargebacks due to fraud, and the problem seems to be getting worse. Criminals that steal credit card information are upgrading their tactics through the use of sophisticated automated testing programs. Credit Card Fraud rings are buying thousands of stolen credit card accounts at a time with the goal of purchasing items online that are easy to resell. However, by the time they purchase the stolen accounts many o

Canadian business owners are constantly looking for new revenue streams and ways of improving their business. One way to increase your sales and profit is to bring your business directly to your customers. While e-commerce websites attempt to bring a certain aspect of their stores into people’s houses, businesses are taking it a step further and bringing a version of physical stores to customers. Food trucks, pop-up shops, flea markets, and farmers markets are all options tha

Businesses need to stay ahead of the curve to stay profitable in Canada’s highly competitive economy. Throughout the year a successful business needs to analyze potential areas for improvement and make investments in technology that can lead to a higher rate of return. Credit Card and Debit card payments are becoming the main form of payments for many businesses, and as a result Point of Sale Systems (POS systems) including credit card terminals, are becoming many businesses

Canadian business owners are constantly trying to find the best Canadian merchant account processing rate and often attempt to do so by researching other businesses' rates. However, knowing how much other business owners pay in merchant fees may not be very helpful as several factors can affect a company’s credit card processing rate. Understanding these factors and how they contribute to your processing fee structure can help you determine if you can find a more competitive

To be a successful business owner, you need to know your business inside and out and constantly be looking for ways to lower your costs. If your business accepts credit cards one cost your business accrues every month is credit card fees that go to your credit card processor. With the stress and time involved in running a business, it can be hard to sit down and evaluate how much of your profit is going to your credit card processor and whether it makes sense for you to switc