Author's articles
Is the Canadian Government Really Going to Regulate Interchange Fees?
By Surge Cumiskey · 1 year ago
We’ve been in the payment processing industry for well over a decade, and throughout all those years, we’ve watched as small business owners in Canada have been forced to pay exorbitant interchange fees.
Time and ...
What Determines the Cost of Interchange Fees?
By Surge Cumiskey · 1 year ago
If you own a business, and you want to accept credit card payments, you’re going to have to pay interchange fees.
There’s just simply no way around it. If you accept payments with credit cards ...
Want to Save Money on Payment Processing? Stop Giving Your Business to Banks
By Surge Cumiskey · 1 year ago
For years, the banks held a pseudo-monopoly over the payment processing industry.
When it came to payment processing, they were basically the only game in town, and even today, many people still believe banks are ...
Why It’s Impossible to Calculate the Cost of Payment Processing
By Surge Cumiskey · 1 year ago
Here at Lucid Payments, we get a lot of people who call us demanding to know exactly how much they’re going to pay for their payment processing.
One example of this is when our VP ...
You May Be Eligible for an Interchange Fee Rebate from this Credit Card Class Action Settlement
By Surge Cumiskey · 1 year ago
Business owners in Canada pay some of the highest interchange fees in the world.
And as part of our commitment to doing what’s best for business owners, we want to do whatever we can to ...
What You Need to Know About Interchange Rates in Canada
By Surge Cumiskey · 1 year ago
Like it or not, if you own a business, and you want to accept payments with credit cards and debit cards, you’re going to have to pay interchange fees.
And unfortunately for Canadian business owners, ...