What You Need to Know to Ensure You’ve Got Secure Payment Processing
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
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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
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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
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Want to Save Money on Payment Processing? Stop Giving Your Business to Banks
For years, the banks held a pseudo-monopoly over the payment processing industry. When it came to payment processing, they were basically the only game in town, and even today, many people still believe banks are the only legitimate providers of this service. But the fact of the matter is, for many years now, there have
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Let’s face it – most business owners don’t know the first thing about payment processing. When they get their statement at the end of the month, many of them have no idea what they’re paying for, but they want to be able to accept payments with credit cards, so they just pay it and
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Why It’s Impossible to Calculate the Cost of Payment Processing
Here at Lucid Payments, we get a lot of people who call us demanding to know exactly how much they’re going to pay for their payment processing. One example of this is when our VP of Operations, Steven, had a conversation with a guy who sells furniture, who demanded to know exactly how much his
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Like it or not, if you own a business, and you want to accept payments with credit cards and debit cards, you’re going to have to pay interchange fees. And unfortunately for Canadian business owners, interchange rates in Canada are some of the highest in the world. Throughout the pandemic, this issue was exacerbated, as
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As a business owner, you need to be able to process payments. The world is moving further and further away from cash, and if you don’t have the ability to accept other forms of payment, you’re going to get left in the dust. At the same time, you want to ensure you’re equipped with the
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When you own a business, you’re forced to make a lot of difficult decisions, and at some point, it’s bound to be overwhelming. You have to consider a seemingly never-ending barrage of concerns, including things like expenses, taxes, regulations, marketing, hiring, training, and retaining a team of employees, and of course, figuring out how you’re
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September 24 2026
Visa Interchange Rates in Canada Are Changing, But Will Your Business Actually Save?
What Do I Need to Know About the New Visa Interchange Rates in Canada? Visa is changing several domestic [...]
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Where’s My Money? Why Payment Processors Hold Funds and Delay Deposits
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The Benefits of Mobile Payment Solutions for Tradespeople
How Can Tradespeople Benefit From Mobile Payment Solutions? Tradespeople can benefit from mobile payment solutions because they make it [...]
Lucid Payments
In B.C.: 604.744.8100
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2860 Trethewey ST,
Abbotsford, BC, V2T 0G5.
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