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Why Stax is a Leading Solution for Merchants That Need Credit Card Payment Processing in Canada

Stax

With payment methods like credit cards and mobile payments being table stakes these days, the Canadian payment processing landscape has gotten quite crowded with numerous processors and merchant service providers vying for business, each offering different features and fee structures.

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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

Key Statistics on Government Payments Citizen Expectations: According to a 2024, 78% of citizens prefer paying government fees online when given the option. Efficiency Gains: Digital payment systems reduce processing costs by an average of 40%, as reported by the Government Finance Officers Association (GFOA).

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Everything You Need to Know About Credit Card Processing

Stax

It’s important for small business owners like yourself to understand the pricing plans offered by various credit card processors (or merchant service providers) in the market, so you can compare their processing costs before you decide who to sign up with. Supporting Diverse Payment Methods Payment preferences vary across the globe.

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Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Cash Discounting and Surcharging To offset processing costs, some businesses use cash discounting or surcharging: Cash Discounting Offering a small discount (usually 3-4%) for customers who pay with cash instead of a card. Contactless payments grew by 150% between 2020 and 2023. While legal in most U.S.

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The Ultimate Guide to Accepting Credit Card Payments

Stax

The key parties involved in processing a credit card transaction are the merchant, customer, acquiring bank, issuing bank, credit card associations, and payment processor. Q: What are the costs of credit card processing? Costs of credit card processing are not standardized and depend upon the merchant services provider.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

For example, if you operate an online store, you need fast and secure online payment solutions. Choose a payment gateway that seamlessly integrates with your eCommerce platform’s cart and supports one-click and mobile payments. Prioritize payment gateways with subscription billing and automatic renewal features.

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The Ultimate Guide to Online Payment Processing

Stax

Digital wallets Digital wallets let your buyers make online payments quickly and securely via any internet-connected device using pre-stored financial details. They are popular with buyers under 35 years of age and must be part of the mobile payment methods you support if your target audience falls within that demographic.