The Payment Source Blog

Set yourself up to have a highly successful end of 2022 by adding a Prepaid Program with the widest selection of Gift Cards/Prepaid Cards to your store. A Prepaid Program provides the perfect holiday shopping solution for your customers. Adding one will help your retail store see more foot traffic, gain new consumers, and benefit from increased loyalty.

We are a few weeks away from the Atlantic Convenience Expo in Halifax. This show is a great place to network and can help retailers make those important business connections to grow their business.

After a few years of hiatus, Now Prepay is thrilled to finally be able to exhibit at this year's Convenience U CARWACS Show on September 13th and 14th at the Toronto's Congress Centre. With over 300 exhibitors showcasing their products and services, there is no better way to gain insight into the industry than to attend this trade show. It is an excellent resource for any C-Store owner who wants to discover new products and services in the market. As well, you will get critical information on the changing retail landscape and how they can keep their feet in this competitive market.

With the trend towards most consumers shopping online today, retail networks which offer their customers the option for prepaid alternative payments will realize increased foot traffic, customer loyalty and the added benefits of a commission on each transaction. Alternative Payment Methods also allow retailers without an e-commerce platform to participate in the online shopping world. 

Fraud attacks on gift card retail businesses are becoming more and more prominent every year, and the pandemic certainly had an impact. In Canada, retail fraud has increased a whole 15% since pre-pandemic and is now costing Canadian retailers hundreds of millions of dollars every year (see source). With this trend, it is crucial you are aware of fraud, so here are some popular forms of fraud and how to protect yourself from them.