Learning and Resources

Understanding How Payment Processing Works

Companies choose us because we provide value beyond payment processing. We support many of Canada’s largest brands as well as many thriving small businesses. Whether you’re just getting started, or planning to grow your business – you’ve come to the right place.

We believe the more informed you are about choosing your merchant account provider, the more you’ll understand the value of the products and services we offer. When you know more about how the payment processing system works, you can use that knowledge to manage your payments and grow your business. That’s why we provide you with tools and resources to help you get the most out of your payment processing services.

To help our customers make better decisions, we’ve put together easy to read guides, tools and resources to help you understand the payment processing industry and what makes Canada First stand out from the crowd.

The Basics

Get an overview of a typical payment processing transaction, with all the terminology explained.

Find out how the payment processing system works.

Understand Interchange

Interchange is what happens when a customer uses a credit card to make a purchase.

Find out how interchange fees affect your bottom line.

Understand Funding

Manage your cash flow by understanding when proceeds from your customers’ payments will deposit to your bank account.

Funding is how you get paid for card purchases.

Understand Chargebacks

A chargeback occurs when a cardholder disputes an item, or when there is a violation of payment processing rules and regulations.

Get educated and avoid chargebacks.


Want More Information?

Call us at 888-616-6967 or Click the button to send your request.