Toronto, Ontario, Canada (PRWEB) March 20, 2014
Pick a card, any card! Credit cards have long been a necessity for any national business, but small businesses are increasingly finding that credit and debit cards make up a large portion of their profits. The advent of the internet (and with it, eCommerce) has allowed small businesses located anywhere in Canada to compete head-to-head in a global marketplace. According to the Leader Post, published in February, credit card transactions worldwide are expected to well exceed 70 billion dollars.
Debit and credit card sales continue to increase every year, due in large part to their adoption by consumers as their primary method of paying bills and for purchasing products both online and in traditional brick and mortar locations. What this means to small businesses in Canada is that American dollars, or British pounds, are being spent on Canadian goods and services. Proving how vital it is for small businesses to have access to credit card processing in their local stores.
Further evidence of increased interest in credit cards can be found by opening up any newspaper. Toronto-Dominion Bank appeared in the Globe and Mail in January 2013 when it purchased half of the portfolio of Canadian Imperial Bank of Commerce's Aeroplan credit card business. This move may have surprised many Canadians, but it was of no surprise to anyone familiar with credit card transactions. "Customers demand credit card processing because it is safe, fast and convenient," commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup “not to mention that they also love their points programs!”
Products like MONEXgroup's ICT220 Counter Top POS offer many advantages to the small business looking to grow and compete in a global market. Offering scalability and versatility, with the ICT220 a small business can accept payments ranging from credit card payments, to gift cards and contactless payments. Also further integration with MONEXgroup's eCommerce service, online payments from anywhere in the world can be accepted as well.
MONEXgroup is the number one payment processing provider in Canada offering the lowest rates in the industry. Our services include: debit card and credit card point-of-sale (pos) terminals, mobile, integrated and e-commerce online payment products. MONEXgroup serves over 20,000 merchant accounts across Canada in all market segments including: restaurants, business-to-business, professional services, leisure and hospitality.
T: 647 204 0197