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Hot Topics BLOG
De-mystifying Payment Processing in Canada

• Merchant Account Terminology
  Here's some great info on understanding terminology in regards to merchant accounts.
• Dial-UP,IP,Wireless-What's the DIFFERENCE?
  Here's a great article on the difference between Dial-Up, IP (Internet Protocol) and Wireless terminals. I couldn't say it better than this, so I won't.
• Who is Liable for Credit Card Fraud? YOU.
  Credit Card Fraud can affect your business and you need to be prepared to deal with it.
  
  Here are some fraud prevention tips.
• Credit Gouging CDN Business and Consumers
  Credit gouging is affecting consumers and small business owners.
• Gift Cards Make Money All Year!
  Gift Cards are being used like crazy by retailers and consumers.
  
  Should you add it to your businsss? Here are the reasons why gift cards and loyalty programs will make you more money if you are a retail business.
• An Example Breakdown of Current Unethical Marketing Tactics in this Industry
  An Example Breakdown of Current Unethical Marketing Tactics in this Industry
• Watch Out For These Tactics
  Watch Out For These Tactics
• Are all credit cards swiped at your business equal?
  How non-qualified transactions can affect your business
• If you come into contact w business owners who need payment processing
  People who refer business to CanadaPaymentProcessing.com
• Unethical Marketing Tactics Exposed Here! Part 2
  Nothing is ever free, is it?
• Unethical Marketing Tactics Exposed Here!
  Unethical Marketing Tactics Exposed Here!
• Here's a Crystal Ball to Canadian Credit Crunch to Come
  Here's a great article explaining how Wall Street will affect Main Street businesses: US CREDIT/BANKING CRISIS. The implications for Canadian business owners is devastating. We pride ourselves in that we are NOT like Americans, but the fact is over 70 of our export is to the US, our strong dollar affects our tourism and ability to export in a negative way. Our 'strong' dollar in comparison to a weakening US dollar is not a good/ real indicator of Canada's economic health.
  
  And since most of the big companies in any industry in Canada are US based or US influenced, it's going to be tougher and more expensive to get merchant accounts in Canada since 4 of the 6 Credit Card Processors in Canada are US companies.
• Breaking Credit Card Processing News that Applies to You!!!
  Below are two great articles that are very important for Canadian Business Owners who use credit card processing for their businesses.
  
  Who's really paying for the high end corporate rewards cards?
  
  What can a group of business owners do together against rising credit card fees?
• Watch Out for Single Supplier Quotes
  Every payment processing company has a range of products to suite different businesses. From debit machines, to credit card machines, to IP terminals, to Wireless terminals that are not Cellular/GPRS, to GPRS Cellular (wireless) terminals for debit only or w credit card processing, to E-Commerce credit card processing, to PC & Internet processing from any computer, to phone authorisation processing from any phone. You know as a business owner and especially as a consumer that not every single one company can have the best in services and pricing for every single product offering. Each company has one product with the quality, service and pricing that is better than the competition. The rest of their line may be mediocre. Just keep this in mind when talking to representatives of service providers. Remember that most Agents for these payment processing providers only have one provider, so of course their only option is to provide what they only have. Look for a professional who can assess your specific business needs, give you a one source stop for 4-5 providers and can structure your paperwork so that you will have a breeze at approval.
• Online Business Trends That WILL Affect Your Business!
  Online Business Trends That WILL Affect Your Business!
• "THE SKY IS FALLING!!! WE'RE DOOMED!"
  Here's a great article for entrepreneurs that is an alternative to the gloom & doom, fear spreading news that surrounds us right now.
  
  Here's a second inspiring article.
  
  May you have great rewards from your all your hard efforts to understand your customers and offer them superior products and services!
• Watch Out for 2 Page Contracts!
  Watch Out for 2 Page Contracts!
• What It Means To You When Credit Card Usage INCREASES?
  As Large Retailers start issueing more and more debit & credit cards, then it drives spending with payment cards at your business, making card acceptance essential in surviving. And lower fees essential to keeping your money after you make it.
  
  Here's a link to Walmart Applying for Bank Status.
  
  Right now... "Nearly 65 per cent of Canadian consumers' spending is done on payment cards" Think of the implications of this to small to medium businesses.
  
  As credit card companies create and use technologies that make it more convenient and easier and easier to use debit or credit cards, cash will be virtually eliminated and you will pay fees for every sale through your business. Here's an article related to this very important topic.
• Do Payment Processors Want To Make Things Simple For You?
  Do Payment Processors Want To Make Things Simple For You?
• Merchant Gift Card and Loyalty Programs
  Increase your profits w Merchant Gift Cards!
• When and Why Do Credit Card Rates Get Raised on Business Owners?
  When and Why Do Credit Card Rates Get Raised on Business Owners?
• Why is Credit Card Acceptance So Much More Expensive Than Debit Acceptance?
  An explanation of why credit card acceptance is more expensive than debit