CFIB and Mastercard Discontinuing Preferential Interchange Agreement
Mastercard has announced that they are ending their preferred interchange rates for merchants who are a member of CFIB (the Canadian Federation of Independent Businesses) according to a recent update from the organizations.
Your Interchange Fee Questions Answered
Here are some common questions related to the interchange fee that can help you better understand the payment processing fees your business is paying.
Choosing a Payment Processor
Don’t Overpay for Credit Card Processing
You can help save your business money before you even sign up with a processor by doing your research and shopping around for a payment provider armed with the knowledge of what to look for with regard to processing rates and fees.
Visa and Mastercard Announce Rate Adjustment for January 2019
Visa and Mastercard have both announced rate adjustments effective January 1, 2019. Visa has announced that their base assessment fee will increase to 0.09% from the current 0.08% and Mastercard has announced a reduction to the Mastercard interchange rates.
Choosing a Payment Processor
Ways Some Payment Processors Mislead Merchants
By knowing that these payment tricks exist, you can ask the right questions to see through the facades and select a payment processor who is committed to being a good partner for your business.
Credit Card Processing Fees You Should be Aware Of
Outside of the processing rate, there are several per occurrence fees that might have been applied to your transactions. Understanding what each fee on your statement is, and when different fees apply can help you reconcile your statement each month.
Canada Cuts Merchant Credit Card Processing Fees
Ottawa has announced that they have made a five-year agreement with Visa, MasterCard, and American Express to reduce the interchange rate that they charge merchants by about 10 basis points starting in 2020.
6 Things You Didn’t Know About Your Credit Card Processing Fees
We’ve put together six things you might not know about your credit card processing fees, so you can be more informed about how payment processing fees work.
If You Want to Scale Your Business – Helcim is Here to Help
Scale your business using Helcim's low transaction fees, cost effective terminal options, friendly customer service, and innovative software.
Can Businesses Charge Customers a Credit Card Processing Fee?
If you are a business owner wondering if you can offset some of the credit card processing fees your business pays by charging customers an additional fee to pay by credit card it can be challenging to find a clear answer.
Everything You Need to Know About Nonprofit Credit Card Processing
If you are a registered charity or nonprofit looking to accept card payments, we have low rates and cost-effective credit card processing solutions for you.