On August 10, BMO and RBC announced the sale of Moneris to U.S. technology investment firm Francisco Partners for approximately C$2 billion. The transaction still requires regulatory approval, but the message is clear: Canada’s largest payment processor is changing...
Payment processor
Many merchants think a low headline rate means they’re getting a deal.
The reality: hidden fees and complex pricing can quickly inflate costs. In one industry survey, 42% of merchants say they’ve been hit by “hidden fees” in their contracts. Another report found over 90% of small businesses pay more in processing fees than they expected....
Payment gateway vs. Payment processor: What’s the difference?
Payment gateway. Payment processor. Same thing? Not even close. Even experienced executives can tend to use these terms interchangeably. Understanding the difference matters because each plays a distinct role in your payments strategy, customer experience, and...