Moving to an electronic giftcard program is not only a smart decision for your business in terms of saving money but it widens your appeal to the general public. But where do you start? First, you need to do some research. There are many schools of thought when it comes to setting up a gift [...]
In what appears to be the continuing dramatic saga of the credit card processing industry, on Tuesday March 29, Branch MacMaster LLP and Camp Fiorante Matthews have filed a national class action suit against the credit card giants, Visa and MasterCard along with several Canadian financial institutions in the British Columbia Supreme Court. The claim [...]
A little bit of a different spin in today’s blog post. It’s easy to get caught up in the everyday struggles of being a merchant and just trying to make a living at the end of the day. But in light of the recent events happening around the world, perhaps it’s time to take a [...]
And…in another interesting turn of events in the merchant processing industry. Yesterday, Tim Wilson, Head of Visa Canada abruptly left his role with little to no information provided to the public. A spokeswoman for Visa emailed this message out: “Tim Wilson has left Visa to pursue other opportunities. We thank Tim for his contributions to [...]
EMV stands for Europay, MasterCard and VISA, the global standard for inter-operation of integrated circuit cards (IC cards or “chip cards”) and IC card capable point of sale (POS) terminals and automated teller machines (ATMs), for authenticating credit and debit card transactions. Merchant Account Services in Canada In recent years, the emergence of point of [...]
Cash and the physicality of it I believe will soon be a payment method of the past. Will it go away completely? Not in our lifetime, but the security inherit with using Electronic methods like credit cards and interac makes sense to consumer’s and people in general. Cash can easily be stolen, and it is [...]
So you’ve decided to go into business. Congratulations! Now you need a way to accept payment. While accepting cash for your goods and services is a necessity… the reality is, 85% of Canadians prefer to pay with some sort of plastic. This means you will need to set up a merchant account. And this means [...]
You check your bank account to do some reconciling for your business and you notice that there is a debit from your account by your Acquirer for a transaction you deposited over a month ago. When you call your Acquirer, you find out that your customer has disputed the transaction and the item has been [...]
Common Merchant Account FAQ’s From Years and Years of Experience I have worked in Customer Service for many years. I have also worked in sales and both tasks require the same logistics and tools to be successful. A good merchant account sales agent, just like a good merchant services customer service agent has to LISTEN [...]
Merchant services are fuelled by necessity. Any business success is incumbent upon weather or not consumers utilize their product or service. So if there is no need, no demand no necessity then there is little chance of success. These most common payment methods are here because we use them. If you are paying with debit [...]
