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Understanding Interchange Fees: A Canadian Merchant’s Guide

Clearly Payments

Merchants should stay informed about any regulatory changes within their region and actively participate in industry discussions or advocacy groups to influence policies that may impact their costs. Meeting the required security standards can sometimes result in lower fees, as it demonstrates a commitment to protecting cardholder data.

PCI DSS 105
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Why Most Merchants Overpay in Payment Processing

Clearly Payments

This article covers the reasons for overpayment, including hidden fees, pricing models, merchant account setup, lack of transparency, and practical steps merchants can take to reduce these costs. PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS).

Process 52
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What Is Debit Card Processing & How Does It Work?

Payment Savvy

The acquiring bank forwards the batched transaction data to the appropriate card network for processing. The card network calculates the net settlement amounts for each participating bank and facilitates the transfer of funds between the issuing and acquiring banks. PCI DSS Compliance This is the cornerstone of debit card security.