Merchant-Accounts.ca: The Demystifying Payments Blog
An educational series to help you better understand payments and e-commerce.
Payment Processing for Beginners
September 04, 2023
by David Goodale
If you've not accepted credit cards previously you may wonder how long it takes to get your money. In this video David explores the most popular funding schedules for e-commerce and brick-and-mortar merchants.
How Long Does it Take to get Your Money from Payment Processing?
August 04, 2023
by David Goodale
The debit system in Canada is called Interac. It's totally different from Visa or MasterCard so it works in its own unique way when it comes to making purchases online.
Can I Accept Interac Debit Cards Online?
July 07, 2023
by David Goodale
Making the wrong choice can be costly when choosing a payment processor. David explores 3 of the most common mistakes so you can avoid them when choosing your credit card processor.
What are the top 3 mistakes merchants make when setting up credit card processing?
Updated March 29, 2023
by David Goodale
Why do some businesses get lower credit card processing costs than others? In this video David explores the criteria that cause some businesses to get lower rates than others and techniques that you can use to reduce your processing costs.
How to Negotiate Lower Credit Card Processing Rates
Updated March 29, 2023
by David Goodale
In order to accept credit card payments a business needs a merchant account. In this article we explain what a merchant account is, how to get one for your business, and the costs involved.
What is a merchant account?
January 06, 2023
by David Goodale
David talks about the most important things for small businesses to keep in mind when setting up credit card processing. This includes staying away from long term contracts, avoiding cancellation fees, putting your best foot forward for approval, getting lower rates, having automatic rate reductions built into your agreement, and addressing technical concerns so everything works smoothly upon launch.
Credit Card Processing for Small Business
May 31, 2021
by David Goodale
If you've ever been confused by the difference between a merchant account, a payment gateway and processor you are not alone. In this discussion we break down the role each of those elements play, and how they affect your overall processing costs. Learn more about a merchant account, a gateway and a processor...
April 7, 2021
by David Goodale
There is a lot of confusion when it comes to pricing in the payments industry. The most important cost of all is the discount rate. Learn what the discount rate is and why it's the most important and significant cost when processing credit card transactions.
July 11, 2019
by David Goodale
In the latest episode of our merchant education series we tackle the seemingly simple topic of costs. In addition to exploring the discount rate and interchange costs, we outline and provide some metrics for the actual rate you should be willing to pay for your business.
Find out more about the costs involved in setting up a credit card processing solution...