07
Oct
05
Oct
Do You Ship Mercandise to Customers
One of the most common scams is merchandise ordered online or by phone to be shipped to the customer. This can be very dangerous if paid by credit card or a MasterCard or Visa Debit card. If you do accept payments this way you should...
01
Oct
Card Present/Not Present Transactions
Credit card fees are increased depending upon how the transaction is achieved. Transactions where the card is present and tapped or inserted into the terminal or for "recurring" transactions setup online through the Processor are “Card Present”. Transactions taken by phone, typed into a terminal...
28
Sep
Personal Guarantee
Did you know that by default you sign a personal guarantee when you sign an application to accept debit and credit cards. That means you personally guarantee that you will pay any costs related to business losses due to a breach of customer information or...
19
Sep
Do You Know What It Costs to Get Paid?
If you could sell your products or services without your customers knowing exactly what you paid for them, you could price more strategically and potentially improve your bottom line. Payment processing is similar—but the fees are often hidden in complexity. There can be hundreds of different...
14
Sep
Credit & Debit Card Processing Fees
There are 3 general classifications of fees charged to businesses when the accept credit and debit cards "Interchange Fees" which are the fees paid to the card issuing banks and are the largest of the fees "Network Assessment Fees" paid to the networks, Visa, MasterCard,...
28
Aug
Dynamic Currency Conversion
Rates to accept foreign Credit Cards have increased MasterCard Canada just increased their "Network Assessment Fee" to 1.13% that is on top of the current fee of .09%, Interchange Fees and Processor Fees. There is however a program with many of the Processors to return...
23
Aug
Moneris Sale
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...
23
Aug
Canadian Businesses Do You Accept Foreign Credit/Debit Cards?
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...
11
Nov
Understanding Payment Processing Fees: What Every Business Should Know Before 2030
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...
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