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Reconciliation is the process of matching financial records to ensure they align correctly. Credit card statements, with their detailed transaction records, simplify the reconciliation process. Businesses can easily cross-reference credit card statements with internal accounting records, such as receipts and invoices, to ensure accuracy. This helps identify any discrepancies or
Banks and credit unions are critical to the success of any business, whether large or small. They help with the necessary service of managing the
As a business owner, there is a fee you pay so your customers can pay with credit cards. The fees are primarily a fixed transaction
The companies that sit at the top of the pack for credit card processors change over time so it’s important to remain updated. Payment processing
When you accept credit cards as a merchant, batches and settlement are important processes that occur daily to get your funds. When a customer pays with
Any business that has revenue over $100,000 per year and accepts credit cards almost certainly has a merchant account. If you don’t have a merchant
To get a merchant account, you can go to an acquirer or an ISO (Independent Sales Organization). In summary, acquirers run the transaction processing technology
Small businesses are the foundation of the Canadian economy. Most of the 2.5 million businesses in Canada are small businesses. This is one reason Clearly
There is a lot of confusion surrounding credit card processing and merchant accounts. Some of the most common areas of confusion are who sells the
It all Started with the Barter System People used to consider their wealth in terms of possessions (I suppose many still do). This wealth was
We’re here to help you get the best credit card processing. Credit card processing, also known as merchant services, is notoriously difficult to understand. The
PCI is about keeping payments and data secure. The poor handling of payment data and credit card details are a main cause for fraud in
When you’re a business, it’s key that your payment processing system is quick, simple, and secure. Your system needs to provide the ways that your
Businesses need to pay an interchange fee for every credit card transaction. The interchange fee is the majority of the cost to businesses for payment
American Express, also known as AMEX, is a credit card company based in USA and has a long history. Unlike credit cards like Visa and
Credit card processing has several different types of transactions that are used for different scenarios at a point-of-sale. The most common is a “sale”, but
What does ACH and EFT mean? ACH stands for Automated Clearing House, which is an electronic network used for financial transactions in the United States.
Credit cards have become the defacto method for people to pay, especially since 2020. Online shopping, curbside pickup, home delivery, remote payments, and self-serve checkout/payments
Whenever you manually key in a credit card number in a payment terminal, have an online transaction, complete an order over the telephone, process a
Cannabis credit card processing is now available in Canada with TRC-Parus for physical licensed retail locations. Our world class merchant account, credit card machines,
When your business processes a credit card, you will be charged a transaction fee. The majority of that fee is the interchange fee. What is
In payment processing, the two most popular pricing models are flat rate pricing and interchange plus pricing. Interchange plus pricing is also known as cost
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TRC-Parus is a payment processor in Canada. The TRC-Parus name and logo are trademarks of TRC-Parus Inc payment processing in Vancouver, Canada. The Interac name and logo are trademarks of Interac Inc Canada. The Visa, MasterCard, and AMEX logos are trademarks of Visa International, MasterCard International Incorporated, and American Express Company. TRC-Parus is a Registered Partner/ISO of the Canadian Branch of U.S. Bank National Association.