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  1. Oct 30, 2024 · Merchant surcharges, service fees, convenience fees, and discounts. Rules around surcharges, service fees, conveniences fees and discounts. Merchant rights, how card payments work and choosing a service provider.

  2. To accept credit card payments in a retail location—like a restaurant or store—you need a point-of-sale (POS) system with a card reader or a credit card terminal that can process transactions ...

    • Dana Miranda
  3. Apr 9, 2024 · Accept payments online, in person, and around the world with a payments solution built for any business—from scaling startups to global enterprises. Canada is a substantial player in global finance, with close ties to the US. As a result, accepting payments from the country is an important strategy for many international businesses.

    • Use Tools Like Address Verification Systems
    • Use Chip Readers
    • Use Cvv2 and Dynamic Cvv2 Codes For Online Sales
    • Get Your Business Insured Against Cybercrime

    Merchants and banks use an Address Verification System (AVS)to verify a transaction by comparing the numerical part of the customer's address with the customer's information on the file.

    Instead of a magnetic stripe, EMV cards store cardholder data on a metallic chip. These chips are more secure than stripe-only cards since specialized readers can only authenticate them. EMV chip technology has the principal advantage of reducing fraud from counterfeit cards.

    CVV code is the 3-digit code printed on the back of every credit card. Dynamic CVV is an initiative by Visa that generates a new CVV code for a customer's online purchase through their Visa online banking app. CVV2 codes are an additional security step to protect online merchants from accepting credit cards whose information was stolen in data brea...

    Online hacking and theft are very widespread and common in today’s day and age. To protect your business and customer data stored in your database, you need to get cybersecurity insurance immediately. The insurance company, in the event of cyber fraud, will help your company pay back any monetary damages and will also provide professional help to f...

  4. With 72% of Canadians polled by Interac saying they should be using account-based payments in more online channels, Interac Direct empowers your customers to pay their way, offering a variety of options, including one-time payments, recurring payments, pre-authorized payments, refunds, and split shipment orders.

  5. Read about all of the types of cards you can accept when you use Square. Square works with any Canadian-issued and most non-Canadian issued credit cards with a Visa, MasterCard, American Express, JCB, Discover or UnionPay International logo, as well as Interac Debit cards. Square processes all accepted credit cards with the same standard rates.

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  7. Aug 14, 2020 · The acquirer, sometimes known as the payment processor, is responsible for facilitating the merchant’s ability to accept the credit card payment. Moneris is an example of an acquirer. The acquirer asks the customer’s credit card company, Mastercard, for example, to submit and receive authorization from the customer’s issuer that the ...

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