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The Payment Source Blog

Black Friday Will Be A Bit Different This Year
November 24, 2020

Black Friday Will Be A Bit Different This Year

Black Friday is known for being the largest shopping day of the year in Canada.1 In previous years many retail stores would have customers lining up outside for hours before crowding into stores to get the best deals. However, this year Black Friday will look different due to the ongoing pandemic. Many Canadians will choose to shop online to avoid large crowds which can expose them to the virus. Stores will also have to take careful measures to ensure the safety of their ...

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3 Reasons Why Online Shopping is Easier Than You Think
November 17, 2020

3 Reasons Why Online Shopping is Easier Than You Think

Shopping online for those holiday deals can be a stressful time. Worried about security, paying in the correct currency, and receiving your package on time are just a few of the stressors holiday shoppers experience each year.  

Luckily there are ways to help limit the stress that naturally comes with holiday shopping and bring back the joy of the season: 

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The Impact of COVID-19 on the Retail Industry
November 12, 2020

The Impact of COVID-19 on the Retail Industry

Amazon, ecommerce, retail

As Covid-19 continues to shape our behaviours, Canadians have embraced e-commerce. Government measures were put in place with many businesses reducing hours, and nonessential businesses being forced to close1, causing Canadians to move to e-commerce which greatly tipped the scales in favour of online versus traditional purchasing. In fact, retail sales saw a decline in May of 17.9% from February, ...

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The Prepaid Market Is Evolving
October 22, 2020

The Prepaid Market Is Evolving

Prepaid Cards, Prepaid Products, growth

The prepaid market is one of the fastest and most innovative growing payment segments in Canada.1 According to a study commissioned by the CPPO, as of the end of 2019 open-loop cards such as prepaid Visa or Mastercard have achieved 3 consecutive years of 25% growth to the previous year. This amounts to Canadians loading a staggering $4.8 billion dollars onto these prepaid cards. According to Theodore Iacobuzio, vice president of research and director of the Prepaid Advisory ...

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Prepaid’s Place in an Ecommerce World
October 15, 2020

Prepaid’s Place in an Ecommerce World

payments, Prepaid Products

Consumer shopping habits have shifted towards online shopping over the last few years thanks to ecommerce.¹ In fact, retail ecommerce in Canada will reach CA$52.04 billion this year, up by 20.7%.²  To provide a seamless consumer experience and provide a way to gap the bridge between brick-and-motor with ecommerce, C-store owners need to adapt. 

As a prepaid product provider we have partnered with various brands such as Amazon, STACK, Paysafecard and many more, to ...

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