Visa Surcharge Rule Update

Visa recently announced changes to their brand surcharging rules that will affect the maximum surcharge rate merchants can charge on Visa transactions. Beginning April 15th, 2023, the maximum surcharge rate for Visa transactions will be set at 3%.

The Canadian Payments Association has released amendments to Rule H1, which governs pre-authorized debit (PAD) payments

Merchants in Canada no longer need to adhere to a 3-day payment delay to get funded on Canadian PAD/ACH payments

Payment Technology Will Help Scale Property Management Business

Property managers are in a difficult position right now with many of their clients unable to pay for their property. The recent economic downturn and COVID-19 pandemic have left these professionals tasked not only with managing real estate assets held by another entity but also worrying about how much money is going out as opposed to coming into your firm due mainly from rental revenue rather than purchase price gains alone.