Understanding payment processing fees isn’t just about knowing what you’re paying. It’s about understanding why you’re paying it, and whether there’s a better way. You may have noticed I’ve been on a bit of a payment fee tangent...
Payment Solutions
You stopped the fraud. You also stopped the sale.
That’s the problem with treating payment risk as a binary decision. When fraud losses increase, the natural response is to add more controls. Stricter rules. More verification. More manual reviews. More transactions sent for investigation. On paper, that looks...
ISV payments partner: ISOs and ISVs together
How do ISVs and payments partners work together? And this is where the relationship between an ISV and a payments partner becomes incredibly important. The ISV understands the merchant’s workflow. The payments partner understands everything that happens behind...
Has Moneris been sold? What merchants should check
Has Moneris been sold? 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...
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....
Changing payment providers has a reputation it no longer deserves.
One of the biggest reasons businesses don’t switch payment providers has nothing to do with pricing. It’s because they think it will be painful. We hear the same concerns all the time. “It will disrupt our business.” “The paperwork will...
We won’t change until we’re forced to.
The quiet revolution behind modern payments. Face it. The world’s changed. It’s changing. It will continue to change. Technology was never a static beast, but it’s impossible to ignore the speed at which the world around us is evolving. Shifts we...
Payment gateway vs payment processor: the difference
A payment gateway securely sends a customer’s card data to the payment processor, and it never moves money. A payment processor communicates with the acquiring bank and the card networks, routes the transaction to the card issuer for authorization, and moves the...
Your POS is a growth strategy, not just a place to pay.
It’s one of the most important technology decisions your business will ever make. Too often, businesses choose a POS based on price or a checklist of features. Months later, they realize it doesn’t integrate with their eCommerce platform, accounting...
How to read a merchant statement: where every dollar goes
A merchant statement lists what you paid to accept card payments. Your processing costs are made up of three components: interchange fees paid to the card issuing bank, card network assessments charged by Visa and Mastercard, and your processor’s markup. A...