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The Payment Source Blog

Recent Blogs

Person sitting at a table, holding a coffee mug and using a calculator.
September 30, 2022

How to Take the Stress Out of Tax Time for Your Small Business

payments, taxes

As the snow begins to melt and the weather gets warmer, small business owners across Canada are reminded of tax season. A season dreaded not only because it means having to make a payment, but also the stress behind filing them correctly, collecting receipts and meeting deadlines. It can be overwhelming! Here are some tips to help you navigate it:

Hand holding up a mobile phone with a QR code on the screen, at a retail store
September 30, 2022

Four Ways Retailers of all Sizes Can Participate in E-Commerce - Even Without an Online Experience

Prepaid Products, retailer

There has been a shift in the way consumers like to shop. More people than ever before are shopping online and projections show that e-commerce will continue to grow (see source). This shift towards e-commerce was highly accelerated by COVID-19 as lockdowns were put in place and many people chose the safety and convenience of online shopping (see source). This forced many businesses to adapt and take part in the digital space in order to meet their consumers' needs. 

Mini shopping cart filled with boxes, on top of a laptop
September 30, 2022

The Importance of Offering Prepaid Products That Provide Financial Inclusion

alternative payments, OPVs

Throughout the years, consumer shopping habits and forms of payments have taken a digital shift. In 2020, close to half of Canadians reported using e-commerce platforms for online purchases, accounting for 477 million transactions (see source). This shift to e-commerce has forced the growth in digital payments; but, traditional digital payments are not inclusive for all Canadians.

Young man wearing a headset, and playing online games on a desktop computer
September 30, 2022

How Online Payment Products Meet Consumer Payment Trends

alternative payments, Prepaid Products, Online Payment Vouchers, OPVs

Esports is seeing rapid growth in Canada. Online gaming alone is a $40+ million dollar industry with online gamers spending roughly $200 a year on new online games and over $120 a year on in-game items (see source), such as cosmetics, battle passes and tokens. While online transacting is convenient, many consumers aren’t comfortable entering their financial data. In fact, 59% have reported to feel more comfortable using a payment method where they don’t need to share their financial details with the merchant (see source). This is just one of the many benefits of using online payment products to make these types of purchases.

Calendar on a desk
September 30, 2022

New Years Resolution for The C-Store Owners

New Years, Prepaid Products, c-stores

For C-Store owners the new year marks the perfect time to review and align your goals for the year ahead. Many will take stock in what they have learned from the previous year, reviewing where they excelled and where they can improve. But one thing is for sure the beginning of the year, with a fresh start, is the perfect time to execute on that new year’s resolution to increase your store’s revenue.

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