Looking for the Cheapest Payment Processing? Now Is a Great Time to Consider Your Options
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
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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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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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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
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
READ MORE -> from What You Need to Know About Interchange Rates in Canada
3 Things to Consider When Setting Up Online Payment Processing
The world of eCommerce can be confusing and intimidating, to say the least. But the fact of the matter is, in today’s world, most business owners need online payment processing. Especially when you consider all the public health restrictions imposed over the last couple of years, it’s not surprising that online shopping is in such
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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
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