The first few weeks of the new year are always a great time for reflection, no matter who you are. And if you’re a business owner, it’s the perfect time to take stock of everything related to your business. Whether it’s setting objectives for the coming year, determining whether you reached the goals you set
What You Need to Know to Spot Hidden Payment Processing Fees
No matter how you slice it, if you own a business, you’re going to need a payment processor. But trying to decide which processor to choose can be incredibly confusing, not least because of how difficult it is to decipher their pricing. The reality is, this stuff is often so convoluted, and processors can be
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New Agreement Caps Interchange Fees for Some Small Businesses in Canada
As we’ve been saying since we started in this industry, Canadian businesses are paying way too much when it comes to interchange fees. But an agreement between the feds, Visa, and Mastercard, which just came into effect last week, may be able to provide some relief, at least for some small businesses. Truth be told,
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Why Interchange Plus Pricing Is the Best Way to Pay for Payment Processing
If there was an award for the most convoluted industry on the planet, payment processing would probably win by a landslide. And if we had to choose the most needlessly complex aspect of our industry, it would have to be how processors choose to charge for their services. Whether they’re using interchange plus pricing, tiered
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Lucid Payments vs. Square: Which One Is Best for Your Business?
As we’ve said countless times before, the payment processing industry suffers from a serious lack of clarity. Business owners don’t understand it, processors aren’t making it any easier to understand, and unfortunately, they’re benefiting from maintaining that status quo. We, on the other hand, have chosen to take a different approach by putting the best
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Bettering Your Bottom Line: How to Save Money on Credit Card Processing Fees
As much as we hate to say it, the truth is Canada’s economy is not doing very well. After several years of unprecedented business disruptions, along with soaring inflation and interest rates, Canadians aren’t spending the way they used to, and businesses that have made it through these trying times are feeling the pinch like
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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
Is the Canadian Government Really Going to Regulate Interchange Fees?
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
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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
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You May Be Eligible for an Interchange Fee Rebate from this Credit Card Class Action Settlement
Business owners in Canada pay some of the highest interchange fees in the world. And as part of our commitment to doing what’s best for business owners, we want to do whatever we can to help them save money on the cost of payment processing. That being said, we think it’s important to make business
December 18 2024
Searching for the Cheapest Payment Processing? Why the New Year Is the Best Time to Weigh Your Options
The first few weeks of the new year are always a great time for reflection, no matter who you [...]
November 25 2024
What You Need to Know to Spot Hidden Payment Processing Fees
No matter how you slice it, if you own a business, you’re going to need a payment processor. But [...]
October 21 2024
New Agreement Caps Interchange Fees for Some Small Businesses in Canada
As we’ve been saying since we started in this industry, Canadian businesses are paying way too much when it [...]
Lucid Payments
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