Various Online Payment Solutions For Businesses From International Payment Solutions

Online Payment Solutions

International Payment Solutions otherwise known as IPS is considered one of the most reputable payment processors in Canada. IPS is holding a significant position among its associates that offer various merchant services. Here, we will talk about what kind of online payment solutions you will get at IPS.

It is true that with the advancement of technology, businesses have become technology-driven, and therefore if you are a businessman and want to elevate your business to the next level, you must pair it with online payment solutions.

At International Payment Solutions, we are very inspired to see the grit as well as creativity shown by the owners of businesses during this critical time. Business owners have found new ways to connect with their customers, offer their products, and accept credit card payments.

Well, you are a businessman and looking for payment solutions to replace card-present transactions, you are at the right place. We at International Payment Solutions are offering some awesome payment solutions that will definitely help you to maintain the cash-flow of your business.

We believe that having multiple payment options at your business will make your business more flexible and you can attract more customers. As a result, there will be no interruption in the cash flow and you can easily elevate your business to the next level.

Keeping this point in mind, we have made a brief breakdown of different IPS payment solutions through which you can easily accept payments online. So, have a look at the following points:

Pair Your Business With Virtual Terminal To Accept Payments Virtually

Standing in this technologically advanced world, we all are quite familiar with the fact that people are giving more importance to cashless transactions and this is where the virtual terminal can be a useful tool for your business. A virtual terminal will replace the traditional ways of accepting payments. Moreover, it is completely virtual and therefore, you can accept payments from anywhere. Online Payment Solutions is the way to go forward.

A virtual terminal is generally a web-based version of a physical credit card machine. Merchants just need to log into the virtual terminal dashboard. Using any devices such as desktop, tablet, etc. in order to process the payments.

At International Payment Solutions, we offer virtual terminal that is capable of doing several things such as real-time reporting, creating customer profiles, organizing your products, billing and invoicing, and many more. Some of our virtual terminal’s key features are as follows:

  • Multi-currency conversion and account updater
  • Tokenization and easy CRM useful for small businesses
  • Easy user interface for back-office management
Sell Gift Cards To Keep On The Cash-flow Of Your Business

Temporary disruption is inextricably associated with in-person operations. Especially, if we talk about the present situation where maintaining social distancing is very important. The retail shops are closing their doors. The in-person operation is disrupted for an uncertain period of time. However, in such a scenario, the only thing that can help you to keep on the cash-flow of your business is gift cards. Yes, you can encourage your customer so that they purchase gift cards from your store for future use. Online Payment Solutions is making the change.

At International Payment Solutions, we offer customized gift cards for small businesses. These gift cards are ideal for businesses like boutiques, restaurants, supermarkets, health, beauty, and spas. Our gift cards can be easily activated with our IPS POS terminal and moreover, the process for utilizing these gift cards is completely similar to that for credit or debit cards.

Create Customized Payment Pages

Well, if you are having problems to accept in-person payments, having a customized payment page will be the best option for you. IPS customized Payment pages make your business flexible as you can easily integrate it with your existing websites.

IPS also allows the merchants to customize the payment page by adding different fields. However, the entire thing depends upon the merchant’s requirements.

Send Online Invoice

International Payment Solutions allows its merchants to send online invoices to its customers. It is very helpful for those who are running an internet business. Yes, if you are selling your products or service online and want your customers to pay online. In such a scenario, you need to send them online invoices. International Payment Solutions offer special invoice tools. Through which you can add the ‘Pay Now’ button and therefore, your customers can directly make an online payment from the invoice. Online Payment Solutions can work wonders.

Launch An Online Store With IPS

Standing in the 21st century, we can easily say that people are more satisfied with online shopping. Therefore, it is the right time to take your entire business online. You can easily launch your online store with the help of International Payment Solutions. An online store helps you to showcase your products easily and along with these, you can run various online campaigns to attract more customers.

Not An IPS Merchant?

By now, you have probably understood how IPS can help your business by providing various payment solutions. So, what are you waiting for? Visit International Payment Solutions today and take your business to the next level.


Start accepting credit card online and/or in your store today! , Fill out the below form for a free consultation, we will get back to you shortly:



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    How Visa Debit Card Works- Difference Between the US and Canada

    Visa Debit Card

    In the US, a Visa debit card is issued by the American financial institution. In the case of Canada, it is issued by the Canadian financial institution. Although both these cards look the same, there are many differences between the US Visa debit card and the Canada Visa card. Merchant account services work differently in order to process payments. However, we have made a brief breakdown of how Visa card works in the US and Visa card works in Canada. So, if you want to know more about these, go through the following points:

    How Visa Debit Card Functions in the US

    In the US, the definition of the Visa debit card is quite different from the rest of the world. The consumers can use their debit cards as a credit card. Yes, merchants can accept credit card payments online from the consumer’s debit cards.

    Basically, the card-issuing network is the same for debit and credit cards in the US. Therefore, it does not matter whether it is a credit or debit purchase. The merchants will always see the Visa symbol at the debit or credit card machines.

    However, the responsibility of the customer also plays a very impactful role here. Customers have to clarify before making the transaction. That for what purpose, he or she is going to use the card. In case of credit, the transaction fee will be deducted from the available credit card balance and on the other side, if the customer uses it as a debit card, the balance will be deducted directly from the customer’s savings account. So, after making the decision, the merchant will swipe the card through the payment terminal.

    So, here, the flexibility is at its best as the entire payment processing system is based on the customer’s decision. Moreover, cardholders will get benefits from all kinds of transactions. They can even earn points on their Visa debit card purchases.

    How Visa Debit Card Functions In Canada

    In Canada, the scenario is quite different. According to the Code of Conduct for the Credit and Debit Card Industry in Canada, the card-issuing networks have to issue credit as well as debit cards ‘as separate payment cards’.

    It means that Visa debit cards work on a different network in Canada. It is actually the Interac network that is used by all the debit cards in Canada. But, there are some differences-

    If the consumer makes debit card bill payments using pin, chip, and swipe technology at the merchant’s payment terminal, it will be always considered as the Interac debit transaction. But, on the other side, if the customer makes phone purchases or any online bill payments using the numbers carved on the debit card, it will be processed as a Visa debit card transaction.

    In Canada, it does not matter whether the transaction is processed using Interac’s or Visa’s network, if the consumer is making any debit card transaction, the amount will be deducted directly from the account of the cardholder. If there is not an adequate amount of funds available in the bank account of the consumer, the transaction will be automatically declined. Here, Visa debit card does not borrow any money which is actually seen in the case of Visa credit card.

    Benefits of Accepting Visa Debit or Credit Card Payments

    Standing in the 21st century, we all are quite acquainted with the fact that people are giving more preference to cashless transactions. Therefore, if we see the whole matter from a businessman’s perspective, having POS or any kind of payment terminal has become necessary. But, we are not getting into that point. What we are going to tell you is the advantage of accepting Visa debit or credit card payments. So, have a look at the following points:

    • Enable More Choices and Convenience To The Customers: Visa debit cards allow the customers to choose the way they want to make the payments for purchasing items. Therefore, if you accept Visa cards, it will definitely make a solid impression upon your customers. They can purchase items from your store using their preferred payment methods. Ultimately, it will ensure that your business is not going to face any downfall.
    • Easily Attract Travellers: Travellers generally do not carry a good amount of cash as they prefer Visa cards. So, if you accept Visa debit cards, you can easily attract travellers and elevate your business to the next level.
    • Everyone Does Not Have Access to Credit Cards: It is a fact that it is not so easy to be eligible for credit cards and therefore, everyone does not have access to credit cards. So, if you as a business owner accept Visa debit cards, you can make it easier for such people. They can easily make transactions at your shop.
    Need To Accept Visa Debit Cards?

    In order to accept Visa debit cards, you have to pair your business with merchant processing solutions, and International Payment Solution otherwise known as IPS is one of the reputable payment processors in Canada. So, we recommend you to go with IPS that offers ready-to-use card processing services. Paired with the latest technologies and security, debit card machines at IPS will definitely boost your confidence level.

    So, what are you waiting for? Visit International Payment Solutions today and avail of their top-notch service.


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      PayPal Unveiled QR Code Payments Amid COVID-19

      PayPal

      PayPal is taking the lead. The entire payment ecosystem has been changed since the arrival of the novel coronavirus. People have been giving more preference to online payment modes such as mobile wallet payment, QR payment, and many more.

      Considering the present situation, PayPal that is an American company operating a worldwide online payment system is going to enable QR code payments through its applications in 28 markets.

      The company is trying to cover major markets. Such as the US and the UK so that the PayPal merchants can conduct contactless transactions through QR code payments without investing in any additional hardware.

      According to Business Insider. “Customers can make purchases with the feature by scanning a QR code that has been printed out. Or is presented on another screen. PayPal removed in-store payment capabilities from its app in 2018, but CEO Dan Schulman indicated in late 2019 that the company was set to build out its in-store capabilities”.

      It is a fact that payment processor companies have been trying to popularize online payment modes for many years. But, Coronavirus has made it easier for them. Due to COVID-19, contactless transactions have become more appealing to consumers as well as businessmen.

      PayPal is expecting positive responses from the consumers regarding this new payment system. Moreover, consumers have already started using mobile wallets to make online transactions and avoid contracting the virus. Therefore, it is quite clear that PayPal will get a positive sign.

      According to the survey done by Capgemini. “Two-thirds of global consumers prefer to use mobile devices. To avoid interacting with humans and touchscreens at shops. Other locations during the pandemic, so PayPal’s QR code payments could attract consumers. And with 62% of respondents expecting to prefer using mobile devices for the same reason after the pandemic, PayPal’s feature could attract consumers and volume for the foreseeable future”.

      This QR payment system will be competing with other contactless payment methods such as NFC-enabled devices, contactless cards. But, being a reputable brand, PayPal will surely attract millions of existing users.

      The new payment system allows merchants to accept online payment through mobile apps. However, in such a scenario, sellers must have a smartphone that has the capability to generate QR code in order to accept in-person payments via PayPal QR payment system.

      The Company believes that if the new QR code payment system gains popularity among the consumers, a large number of merchants will start accepting QR code payments via PayPal.


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        Money Management International Released Some Tips to Boost Credit Card Score Amid COVID-19

        credit card score

        Credit card score is a very important factor nowadays. It does not matter which credit card you are using- Visa, MasterCard or American Express, if you are having good credit card score, there is a chance that you will get lower interest rates on credit cards and loan products. But, raising credit score is not as easy as it sounds. Especially, when people are losing jobs, economy is going down due to COVID-19.

        Money Management International is a United States network of non-profits that provide consumers with free credit counselling and education. Jim Triggs, president and CEO of this non-profit agency tells CNBC Select regarding this, “Understanding the specific circumstances as to what is impacting your score is your first step in understanding how to quickly increase your credit score”.

        According to Triggs. Chipping away at your revolving debt can have a major impact on your credit card score. This is because it helps to keep your credit utilization rate low.

        Triggs says, “How quickly [your score can go up] depends on how quickly the individual creditors report the paid balance on the consumer’s credit report. Some creditors report within days of the payment, some report at a specific time each month”.

        Credit card companies generally report the statement balance of the consumers to the credit bureaus monthly. However, the entire thing depends upon the credit card issuing company. Consumers can even chat or call online with the credit card issuing company. To know when they report statement balance to the bureaus.

        The sooner you can pay off your credit card debt; the better it will be for your credit card score. You can also make multiple online payments toward your balance throughout the month. Although it helps you to pay off some portions of your credit card debt, paying off the whole balance will have the biggest as well as the fastest impact on your credit score.

        According to Triggs, consumers can either ask for an increase on their current credit cards or they can apply for a new card. Available credit card limit and credit utilization rate are inextricably related to each other. The higher the former is, the lower the later will be. However, you have to make sure that you will not spend more than you can afford to pay off before asking for a credit limit increase.

        Triggs says. “It’s more important now than ever to do your research before applying for new credit because issuers may have stricter terms and requirements in wake of the economic fallout from coronavirus”.


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          Online Payment Platform Stripe Is Going To Spend $1 Million To Fight Climate Change

          Climate Change

          Climate change has become a major concern and there are many multinational companies actively contributing to make our environment better. Well, Stripe is one of them.

          If you don’t know what Stripe is, it is basically an American technology company that allows individuals and businesses to make and receive payments over the Internet. It is based in San Francisco, California. It allows online merchants to accept credit card payments, Apple Pay, or even Google Pay for goods and services.

          The founders of this company is planning to spend a quarter of a million dollar to import a special type of sand to a remote Caribbean beach. The main component of this sand is olivine that is otherwise known as gemstone.

          According to a report, “Olivine is coarsely milled and will be brought to the water’s edge so that the waves can grind it up. This will apparently help the ocean to absorb more carbon. Many people may not realize this about the August birthstone, but peridot has a unique climate change fighting ability. The gem is a magnesium iron silicate that is able to absorb carbon dioxide from the air”.

          One out of four investors of this company has come up with this plan. There is another deal that will fund a new project. It is all about to put carbon into concrete in order to strengthen it.

          The third deal is all about taking biomass that would normally decompose and release carbon (think almond shells) and use it to produce bio-oil for burial far underground.

          The Company is spending almost $1 million dollars for these projects.

          Microsoft also notices this impactful role played by Stripe. The Company said that it would invest $1 billion into carbon removal. Jennifer Crider, spokesperson of Microsoft said, “It’s terrific to see companies like Stripe making bold commitments about carbon removal”. The effect of climate change can be drastic.

          According to a report published on cleantechnica.com by Johnna Crider, “The avenues chosen will probably come as a bit controversial, though, as it’s widely considered that the best bang for the buck to cut global warming emissions comes from investing in the deployment of clean energy or electric vehicles. For $1 million, much more impact can be made cutting CO2 emissions. This is still a free country, though, and people are drawn to different solutions for a variety of reasons. Also, there’s always potential to cut costs while scaling up and maturing”. This is a very important step and many people can benefit from it.


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            Can Credit Card Help To Save Money? Americans Are Spending More On Groceries Amid COVID-19

            Groceries

            Groceries sales have increased. Well, the first case of COVID-19 has been recorded in January in the U.S. Consumer’s spending has been drastically changed since then.

            According to a report published in CNBC.“Travel spending has plunged more than 85% since this time last year. Home improvement and food delivery sales have soared”.

            Standing in this critical situation, it is seen that people are making more transactions on grocery items. Amid COVID-19, restaurants are shut down and therefore, people are compelled to cook at home. Ultimately, the sales of meal kit and grocery deliver are on the rise. People are also maintaining social distancing and so, they are making online payments with their credit cards.

            According to a data from Earnest Research, “Total grocery sales spiked an initial 79% from March 11 to March 18 as Americans reacted to news of the quarantine. And although they’ve dropped closer to normal levels since then. Sales are still higher than they were this time last year”.

            It is a fact that people are spending more on food and therefore, considering the present situation, rewards credit cards are offering alluring offers to the consumers. Customers can earn up to $100 a year on groceries.

            According to CNBC, the top three credit cards for purchasing grocery items are as follows:

            • Amazon Prime Rewards Visa Signature® Card: This is one of the best options for online grocery shopping.
            • Blue Cash Everyday® Card from American Express: There is no annual-fee on this grocery card.
            • Blue Cash Preferred® Card from American Express: If you want highest cash back on groceries, you must go for this card.

            The Amazon Prime Rewards Visa Signature® Card is suitable for those who want to earn an unlimited 5% cash back on Whole Foods and Amazon purchases.  According to a report, “The average American can earn $207* in cash back each year when they do their shopping at qualifying supermarkets — and with the spike in grocery sales this is likely higher”.

            The Blue Cash Everyday® Card from American Express is the no-annual-fee. Cardholders can earn 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases.

            The Blue Cash Preferred® Card from American Express offers the highest cash-back rate at U.S. supermarkets, with 6% on eligible grocery purchases. An average American can earn up to $310 in the form of cash back every year with this card.


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              Check Prepaid Debit Card- How Will It Work? Americans Are Going To Receive COVID-19 Stimulus

              Prepaid Debit Card

              Standing in this present situation where the growth of economy has been stopped due to COVID-19. The US government is thinking about its people. Americans in certain areas are going to receive prepaid debit card in order to access their COVID-19 stimulus check money. Now, the questions are- Is it similar to debit card? How will it work?

              Well, according to Internal Revenue Service otherwise known as IRS. This new prepaid debit card is similar to normal debit card. Americans can use it to make transactions at retail shops that generally accept Visa. Americans can also withdraw money directly from ATM with the help of this card.

              According to a report, “Millions of Americans are about to get the cards if the IRS doesn’t have their banking information and if their tax return was processed by either the Andover or Austin IRS Service Centre”.

              In a recent press release, IRS explained that. It is “starting to send nearly 4 million Economic Impact Payments (EIPs). By prepaid debit card, instead of by paper check. EIP Card recipients can make purchases, get cash from in-network ATMs, and transfer funds to their personal bank account without incurring any fees”.

              In addition to this, the IRS has also created a FAQ page on the new prepaid debit cards.

              According to the IRS, Americans “can also check their card balance online, by mobile app, or by phone without incurring fees. The EIP Card can be used online at ATMs, or at any retail location where Visa is accepted”. They also added, “his free, prepaid card also provides consumer protections available to traditional bank account owners, including protections against fraud, loss, and other errors”.

              Well, almost 140 million stimulus checks have been sent by the government till now. Some people received it via direct deposit to a bank account and on the other side, some were mailed paper checks.

              Secretary Steven T. Mnuchin said, “Treasury and the IRS have been working with unprecedented speed to issue Economic Impact Payments to American families. Prepaid debit cards are secure, easy to use, and allow us to deliver Americans their money quickly. Recipients can immediately activate and use the cards safely”.

              The IRS explains.“The Treasury-sponsored EIP Card is another method to provide money efficiently and securely to eligible recipients and their families. Qualified individuals are getting EIP Cards without bank information on file with the IRS, and whose tax return was processed by either the Andover or Austin IRS Service Centre”.


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                Freelancers Are Qualified For Business Credit Cards- A Useful Tool Amid COVID-19

                Freelancers

                It does not matter how the situation is, everyone wants financial support. Now, considering the present situation where most Americans are losing their jobs. Millennial Money that provides financial freedom has brought good news for freelancers. People who do freelancing to earn some extra will now have access to a useful tool. To cope up with this critical situation and this tool has come out in the form of a business credit card.

                If you are someone who regularly resell on eBay or book paid photography jobs on the side, you are qualified for a business credit card. The best part is that you don’t need to have employees, storefront or an LLC. Freelancers can make online transactions with the help of these business credit cards.

                According to J.D. Power that is an American-based data analytics and consumer Intelligence Company founded in 1968 by James David Power III. “While a business credit card alone won’t determine whether your business prospers, small-business customers seem to like them. They are significantly more satisfied with their business credit cards than customers are with personal credit cards”.

                Owners of small businesses are of the opinion that business credit cards help them to make their business go and along with it, such credit cards help them to segregate business and personal spending. As a matter of fact, it is very important for tax and other reasons.

                Business credit cards can help the freelancers to maintain the cash flow. Moreover, it is relatively easy to access and some business persons cannot even get it. Banks might turn you down for a traditional business loans but, the same bank will give you a small business credit card.

                How To Qualify

                One does not need to have a business credit history in order to be qualified for a business credit card. If you are earning without being someone else’s employee, you are actually a business and therefore, you are qualified for the business credit card.

                You don’t need to show whether you are making a profit or not on the application. If you don’t have a separate tax ID, you can use your Social Security Number.

                If you are having a credit score of 690 or above, you are qualified for a business credit card. However, some credit card issuers have their own criteria for the card approval.


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                  Shopify Unveils New Merchant Debit Card And Support For Payment Instalment Plans

                  Debit Card

                  Debit Card is the ideal solution. The COVID-19 has flattened the growth of small businesses. People are on self-quarantine due to this pandemic and on the other side, many Americans have become jobless.

                  Standing in this critical situation, Shopify that is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario announced that they would do something for the direct-to-consumer commerce platform. On May 20, 2020, the Company disclosed a business account and debit card called Shopify balance. They also unveiled a “Buy Now, Pay Later” option. Which is also called Shop Pay Instalments and along with these, a new Local Delivery Product is also launched.

                  Considering the present situation, it is very clear that the ‘Buy Now Pay Later’ option will definitely help the consumers to make online payment. Another good news from Shopify is that they have enabled the AI-powered fulfilment network, through which they can actively accept merchant applications.

                  All these announcements were made at Shopify Reunite which is the first virtual event of the company. Shopify was supposed to host the fifth instalment of its annual partner and developer conference in Toronto earlier this month. But, due to COVID-19, they cancelled the whole event altogether.

                  But, the fact is that coronavirus pandemic has become a blessing in disguise for the company and its rivals. Therefore, they have decided to share something with the worldwide customers and partners. Debit Card is showing the way.

                  The Company said. “If we’re going to broadcast to the world, we may as well broadcast to the larger Shopify audience. Which is something we’ve never been able to do. Unlike Unite, where we talk to a smaller audience. Reunite is our first chance to really talk to our million-plus merchants. And talk to them about the products that we’re launching in 2020 — some that have already come out and some that are coming out over the coming months”.

                  In addition to this, the Company wants to offer the merchants financial products to start, run as well as grow their business.

                  Shopify Balance Card can be a physical card or a virtual card. Merchants can use it to access their money by spending in-store, online, or via mobile. The Company said, “They will get a debit card in the mail that they can customize with their company’s brand on”. Merchants will also be able to directly withdraw from ATMs. Shopify also offers “cashback and discounts on everyday business spending like shipping and marketing”.


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