Businesses no matter where they are located can’t get by without accepting and safely processing credit card payments. Whether you are an online business that relies heavily on credit card transactions or a retail business that doesn’t want to get lost in the world of cashless consumers, you will need a merchant account to process
The Code of Conduct came into force in August 2010. It’s called to promote business practices, and guarantee merchants and customers fully understand the costs and benefits associated with credit/debit cards. Credit and Debit Canadian Code of Conduct The Code is developed to: Ensure merchants clearly understand the costs associated with accepting credit/debit card payments,
The Canadian code of conduct became operative in August 2010 and is projected to encourage good business practices and ensure retailers and customers identify with the costs and advantages of debit and credit cards. eMerchantBroker breaks down the benefits of the Canadian Code as well as a few missing items merchants should watch out for.
The retail industry in Canada is undergoing a transformation. In many cases, e-commerce has been added to the traditional retail experience, thus giving birth to new digitally-enabled shopping experiences. Electronic Commerce in Canada Electronic commerce is becoming more and more popular among Canadians, and they plan to go on spending money online. According to Forester
Are you looking for a Canadian merchant account? eMerchantbroker.com, a reputable payment processor, offers its merchant account services both in Canada and the US. EMB is voted the top high risk payment processor in the US and has an A+ rating with the BBB. Moreover, EMB is rated A by Card Payment Options and is
Most people in Canada still use cash for making purchases. Payments Canada’s recent report says the popularity of cash has dropped than other payment methods, including electronic, online and cards. The report was written analyzing 20.9 billion transactions that counted for over $8.9 trillion. Payments Canada’s Report According to authors Michael Tompkins and Viktoria Galociova,
We in the ‘States are applauding the Canadian effort to rein in swipe fees for plastic payment cards. We all know these issues: 25 cents for this card, 10 cents for that card, 30 cents for this other card – plus other “hidden fees” per charge. And, if you are a high risk merchant you
According to the Globe and Mail, Canada’s #1 national newspaper, Walmart could introduce its own electronic payment system called “Walmart Pay” in Canada in 2017. Thus, Walmart would strengthen itself in a fight with Visa over credit card fees. Walmart in Canada Walmart, an American multinational retail corporation operating a chain of hypermarkets, discount department
The Merchants Payments Coalition highly indoors legislation proposal in Canada. It is going to reform the way retailers are charged hidden fees by banks when a customer swipes his/her credit card at checkout. Before the Canadian legislation was proposed, similar reforms had been successfully implemented in the European Union and Australia. The purpose is to
Highly reputable companies like EMB offer secure payment gateway and payment processing solutions Canadian merchants. Those, whose business and banking system are operating in Canada, can apply for the mentioned merchant account services. Choose What is Best for You Turning to true professionals in the field, merchants get a perfect opportunity to enlarge their business
