We were helping a client change processors to improve rates, statements and support. When we gave notice to the current processor they balked at waiving the cancellation fee. We asked them to provide a copy of the original acknowledged terms and conditions that outline the...
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BofM and RBC have been negotiating to sell Moneris the largest and one of the last Canadian Payment Processors to an American Investment firm. The sale is not final but may close if all conditions are fulfilled in the first quarter of 2027. We have...
MasterCard just increased their Network Assessment fees on Foreign Credit and Debit Chttps://feeadvocates.ca/wp-content/uploads/2026/08/Blog-Header-300x84.gifard transactions to 1.13%. That means on every foreign credit card transaction and foreign online debit card transactions you pay the applicable TRANSACTION FEE, CANADIAN NETWORK ASSESSMENT FEE and PROCESSORS FEES plus the...
When a home services company was referred to us, they weren’t looking to switch payment processors. In fact, they were quite happy with what they had and simply wanted confirmation that everything was in order. Fair enough. We started the way we always do, with...
About the Industry: The Shift Toward Electronic Payments Canada’s payment landscape is changing rapidly. By 2030, it’s expected that 70% of all payments will be electronic, driven by consumer preference for debit, credit, and contactless options. While electronic payments make transactions easier and faster, they come at...
New POS System Scam Alert: Don’t Get Caught Paying More Than You Should Point-of-Sale (POS) and reservation systems have become essential tools for Canadian small businesses. They help track inventory, process payments accurately, and simplify daily operations. But behind the convenience, a troubling trend is emerging—one...
Cancelling a Processing Account: What You Should Know Before You Act If you’ve decided to cancel your payment processing account (maybe due to high fees, poor service, or a better offer elsewhere) you’re not alone. But before you send that cancellation notice, it’s worth understanding what...