Buying versus Renting your Point of Sale Terminal
When faced with setting up a merchant account, amongst the many things to consider, one of the most important is the question on whether you should buy or lease your point of sale terminal. The...
View ArticleDid Wikileaks Supporters Hack Visa & Mastercard Websites?
Even though the website Wikileaks first appeared on the web back in December 2006, and even though the website itself has won a number of awards over the course of its existence, including the 2008...
View ArticleShould Visa & Mastercard Allow Merchants to Surcharge on Credit Card...
On December 15, 2010, the Competition Bureau in Ottawa launched a lawsuit against credit card giants, Visa Canada Corp. And MasterCard International Inc. to argue the credit cards’ company’s policies...
View ArticleMerchant Associations
The last couple of years have seen a lot of changes in the merchant industry for card processing. If you look back 10 years ago, things were pretty basic. You called an Acquirer for a merchant...
View ArticleOnline Fraud – What It Is and How To Prevent It
While there are definitely a lot of benefits to being an eCommerce merchant… the ease of starting up, no need for retail space, no need for hiring sales reps… one of the biggest downfalls is the...
View ArticleMobile Payments
With the launch of Google wallet, there’s been a lot of buzz about mobile payments. Visions of paying for that hamburger at lunch by a wave of your mobile phone dances through the minds of Canadians...
View ArticleHow Merchants Can Avoid a Non Qualified Fee
So since we talked about your merchant statement last time, let’s dive a little deeper into your merchant discount rate. So to recap, your merchant discount rate is the base rate that you are charged...
View ArticleCanadian Interchange Fees: The Cost of Premium Credit Cards
In our never-ending quest to ensure small merchants in Canada are well informed and educated on the payments industry, I think it’s time to put a focus on what is the heart that drives merchant...
View ArticleSecurity Against Credit Card Fraud is Not Guaranteed
How Serious is Credit Card Fraud? Fraudsters, as we know, will target any entity that has access to cardholder data. They steal this data in order to: make counterfeit cards that can be used to either...
View ArticleWhy You Should Consider Taking Contactless Payments
These days, contactless payments are commonplace. Take a look at the newswire for the payments industry and you’ll see an alarming and interesting trend starting to emerge. Every other week or so, it...
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