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 [...]
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 [...]
There are two ways you can go in today’s market when signing up for Merchant services. You can sign up with an ISO (independent Sales Organization) or a Member Branch. What are the differences between the two and why do they pose different advantages? To answer these questions and paint a fair comparison, we have [...]
The world of merchant services is ever growing in terms of offering the most efficient and cost effective forms of processing. There are many types of physical machines, one’s that work through internet connections, ones that are completely Wireless and so on. There are also different types of solutions where a merchant can process transactions [...]
Credit Card companies. They and the service they provide have changed the face of humanity and business as we know it. These companies provide you with a means of spending money, which everyone in this fair country loves and is encouraged to do. We are not going to get into the deceptive web of how [...]
