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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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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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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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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May 30 2025
How Better Payment Processing Creates More Satisfied Customers
As a small business owner, you’re probably juggling countless responsibilities, from inventory and staffing to marketing and customer service. [...]
February 27 2025
Why Now Is the Best Time to Support Payment Processors in Canada
For many years now, we’ve been supporting the local businesses we love and encouraging our fellow citizens to support [...]
January 24 2025
5 Signs It’s Time to Switch Payment Processors
If you allow customers to pay with debit or credit, then your payment processor is like the backbone of [...]
Lucid Payments
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