Regardless of the kind of company you own, or what industry you operate in, if you want to grow your business, you’ve got to give your customers what they want. This idea that the customer’s always right certainly isn’t a new one, but it’s been given new meaning with the rise of contactless payment solutions.
READ MORE -> from Tapping Into Success: How Contactless Payment Solutions Can Benefit Your Business
After being in the payment processing industry for more than a decade now, it’s crazy to think back to how primitive things were when we got started. Back then, people were still swiping their credit cards, while mobile payment processing was a relatively new concept, and it’s funny to think about how foreign that
For many years, Canadian merchants have been forced to pay some of the highest interchange fees in the world. According to a Bank of Canada report, in 2018 alone, Canadian merchants paid more than $11 billion for the privilege of accepting credit card payments. But a new agreement between Visa, Mastercard, and the federal government
When you own a business, the last thing you want to worry about is fraud. But sadly, even with all the technological advancements that have been made to mitigate this risk, it’s still a big problem for businesses around the world. For example, in a Forbes Advisor poll, 33 per cent of small business
READ MORE -> from What You Need to Know to Ensure You’ve Got Secure Payment Processing
Given everything that’s happened over the last few years, more and more people are choosing to shop local. This seems to be the trend in pretty much every industry, with merchants and their supporters encouraging people in their area to shop locally. But for whatever reason, this same sentiment isn’t shared in the payment processing
READ MORE -> from Why You Should Shop Local for Your Payment Processing
We constantly get calls from business owners complaining about the cost of payment processing. Whether it’s interchange fees, markup, equipment rentals, or something else altogether, the fact of the matter is payment processing can cost business owners a lot of money, and they are not happy about it. Unfortunately, part of the reason for this
READ MORE -> from How a Virtual Payment Terminal Can Cut the Cost of Payment Processing
The month of January is always a great time for reflection, no matter who you are. But if you’re a business owner, now is the perfect time to take stock of everything related to your business. This includes things like looking at your objectives for the coming year, considering whether you reached the goals you
If we were to take inventory of all the things business owners are confused about, payment processing would definitely be high up on that list. Among other uncertainties, many business owners have no idea how to read their monthly statements, why they’re being charged such high fees, what those fees are for, or who’s collecting
READ MORE -> from 3 Things to Watch Out for When Choosing a Payment Processor
We’ve been in the payment processing industry for well over a decade, and throughout all those years, we’ve watched as small business owners in Canada have been forced to pay exorbitant interchange fees. Time and again, we’ve been told that these fees are a necessary evil, required to help mitigate the risks associated with credit
READ MORE -> from Is the Canadian Government Really Going to Regulate Interchange Fees?
If you own a business, and you want to accept credit card payments, you’re going to have to pay interchange fees. There’s just simply no way around it. If you accept payments with credit cards or debit cards, your bill for payment processing is going to include these fees. But despite the ubiquity of interchange
READ MORE -> from What Determines the Cost of Interchange Fees?
August 18 2023
Tapping Into Success: How Contactless Payment Solutions Can Benefit Your Business
Regardless of the kind of company you own, or what industry you operate in, if you want to grow [...]
July 24 2023
The Evolution of Mobile Payment Processing: A Look at the Latest Trends and Innovations
After being in the payment processing industry for more than a decade now, it’s crazy to think back [...]
June 19 2023
Feds Finally Reach Deal With Visa and Mastercard to Lower Interchange Fees for Small Businesses in Canada
For many years, Canadian merchants have been forced to pay some of the highest interchange fees in the world. [...]
Lucid Payments
In B.C.: 604.744.8100
Toll-Free: 1.855.775.8243
Unit 705B, 30711 Simpson Rd,
Abbotsford, B.C, V2T 6Y7, Canada
© Copyright 2023 Lucid Payments | Privacy Policy | Website by: eVisionMedia.ca
By clicking the Subscribe button, you agree to this site's Privacy Policy. Your information is always kept safe.