{"id":12995,"date":"2023-09-28T13:00:00","date_gmt":"2023-09-28T13:00:00","guid":{"rendered":"https:\/\/fortispay.com\/4-must-have-features-for-a-us-based-canadian-payment-processing-solution\/"},"modified":"2023-09-28T13:00:00","modified_gmt":"2023-09-28T13:00:00","slug":"4-must-have-features-for-a-us-based-canadian-payment-processing-solution","status":"publish","type":"post","link":"https:\/\/fortispay.com\/4-must-have-features-for-a-us-based-canadian-payment-processing-solution\/","title":{"rendered":"4 Must-Have Features for a US-Based Canadian Payment Processing Solution"},"content":{"rendered":"\n

The infrastructure for Canadian digital payments has been a long time in the making. For years, payments giant Interac has been a leader in building digital payment infrastructure <\/a>in the country.  <\/p>\n\n\n\n

Now, US-based payment solutions can leverage this infrastructure and further transform it with proprietary technology. This includes empowering ISVs and merchants with embedded payments <\/a>and omnichannel payment systems.  <\/p>\n\n\n\n

Below, we discuss the essential features needed for US-based business to process payments in Canada. <\/p>\n\n\n\n

Top Features for US \/ Canadian Payment Processing Solution<\/h2>\n\n\n\n

Any powerful payment processing platform should include several features, regardless of the country, like multi-currency support, customization, and multiple payment options. But here are four specific features to consider when thinking about processing in a Canadian ecosystem:  <\/p>\n\n\n\n

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  1. Local payment options<\/strong>: Accepting local payment methods, including Interac debit acceptance and other forms of electronic funds transfer (EFT), is essential. Simply accepting card-not-present (CNP) or card-present (CP) is not enough. <\/li>\n<\/ol>\n\n\n\n
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    1. Loyalty programs<\/strong>: When it comes to accepting payments, it\u2019s not all about credit cards and digital transfers. Gift and loyalty programs<\/a> can also help businesses build revenue and boost customer retention. Having a platform that integrates these features with your regular payment options enables you to get creative with your overall payment strategy.  <\/li>\n<\/ol>\n\n\n\n
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      1. Omnichannel approach<\/strong>: Not all customers are keen to use a credit card\u2014and even if they are, merchants may need to accept their payments via phone, computer, or in-person. An omnichannel approach to payments streamlines the experience for both the merchants and customers. <\/li>\n<\/ol>\n\n\n\n
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        1. Seamless customer experience<\/strong>: The end customer may abandon their cart during the payment process, particularly if it takes too long or looks unsafe. A platform that offers detailed customization without sacrificing local compliance standards helps merchants optimize their processes. The increase in revenue then filters down to their software provider so everyone wins.  <\/li>\n<\/ol>\n\n\n\n
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