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Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

We wanted to make you aware that Visa and  Mastercard are applying changes to their interchange programs that  will go into effect beginning in April 2025. These rate changes could impact your business based on your current pricing method and the types of payments that your business accepts.

 

Updated December 2024

 

Visa

 

  •       Effective April 11, 2025, Visa will increase the rate for the Standard Infinite Business Interchange program:

 

Charge Type

Description

Short Description

October 2024 Rate %

October 2024 Per Item

April 2025 Rate %

April 2025 Per Item

2363

Standard – Infinite Bus

STAND IB

2.25%

$                -   

2.35%

$                -   

 

  •       Effective April 11, 2025, Visa will eliminate the following Domestic Prepaid Interchange programs.  The Consumer Electronic/Standard and Commercial Standard programs will remain:

 

Charge Type

Description

Short Description

Old Rate %

Old Per Item

2962

V CNP PREPAID                   

V CNP PP  

1.52%

$                -   

2053

RECURRING PAYMENT - PREPAID CONS

RECPMT PPD

1.37%

$                -   

2949

V RESTAURANT PREPAID            

VRSTRNT PP

1.36%

$                -   

2950

V CHIP RESTAURANT PREPAID       

CPRSTRNTPP

1.36%

$                -   

2957

V EVERYDAY NEEDS PREPAID        

V EVRYDYPP

1.36%

$                -   

2958

V CHIP EVERYDAY NEEDS PREPAID   

CPEVRYDYPP

1.20%

$                -   

2063

SRVC STATION ELECTIONIC-PPD CONS

SRVC PPD  

1.18%

$                -   

2058

SERVICE STATION CHIP - PPD CONS 

SRVCCH PPD

1.18%

$                -   

2073

SUPERMARKET ELECTRONIC-PPD CONS 

SMKT PPD  

1.23%

$                -   

2068

SUPERMARKET CHIP - PREPAID CONS 

SMKT CHPPD

1.23%

$                -   

2895

EMERGING MRKT STANDARD PREPAID  

EMRGSTDPP 

0.98%

$                -   

2896

CHIP EMERGING MRKT STANDARD PP  

EMCHPSTDPP

0.98%

$                -   

2083

TIER 1 ELECTRONIC - PREPAID CONS

TIER 1 PPD

1.20%

$                -   

2078

TIER 1 CHIP - PREPAID CONS      

TR1CHP PPD

1.20%

$                -   

2123

NON-CHIP ELECT - PREPAID COMM   

ELCT PPD C

1.90%

$                -   

2128

CHIP ELECTRONIC - PREPAID COMM  

CHP PPD C 

1.90%

$                -   

2143

RECURRING PAYMENT - PREPAID COMM

RECPMTPPDC

1.85%

$                -   

2152

SRVC STATION ELECTIONIC-PPD COMM

SRVC PPD C

1.80%

$                -   

2148

SERVICE STATION CHIP - PPD COMM 

SRVCCHPPDC

1.80%

$                -   

2162

SUPERMARKET ELECTRONIC-PPD COMM 

SMKT PPD C

1.85%

$                -   

2157

SUPERMARKET CHIP - PREPAID COMM 

SMKTCHPPDC

1.85%

$                -   

2900

EMERGING MRKT STANDARD COMM PP  

EMRGSTDCPP

1.80%

$                -   

2901

CHIP EMERGE MRKT STND COMM PP   

EMCHSTDCPP

1.80%

$                -   

2172

TIER 1 ELECTRONIC - PREPAID COMM

TR 1 PPD C

1.80%

$                -   

2167

TIER 1 CHIP - PREPAID COMM      

TR1CH PPDC

1.80%

$                -   

 

  •       Effective April 11, 2025, Visa will eliminate the following Domestic Business Interchange programs.  The Commercial Electronic/Standard programs will remain:

 

Charge Type

Description

Short Description

Old Rate %

Old Per Item

2120

NON-CHIP ELECTRONIC - BUSINESS  

ELECT BUS 

1.90%

$                -   

2125

CHIP ELECTRONIC - BUSINESS      

CHP ELCT B

1.90%

$                -   

2309

NON-CHIP ELECT INF PRVLG BUS    

ELECT IPB 

2.10%

$                -   

2315

CHIP ELECT INF PRVLG BUS        

CHPELECIPB

2.10%

$                -   

2140

RECURRING PAYMENT - BUSINESS    

RECPMT BUS

1.85%

$                -   

2290

RECURRING PAYMENT INF PRVLG BUS 

RECPMT IPB

2.00%

$                -   

2149

SRVC STATION ELECTRONIC-BUSINESS

SRVC BUS  

1.80%

$                -   

2145

SERVICE STATION CHIP - BUSINESS 

SRVC CHP B

1.80%

$                -   

2291

SERVICE STATION INF PRVLG BUS   

SRVC IPB  

2.00%

$                -   

2292

SERVICE STATION CHIP INFPRVLGBUS

SRVCCHPIPB

2.00%

$                -   

2159

SUPERMARKET ELECTRONIC-BUSINESS 

SMKT BUS  

1.85%

$                -   

2154

SUPERMARKET CHIP - BUSINESS     

SMKT CHP B

1.85%

$                -   

2293

SUPERMARKET ELECT INF PRVLG BUS 

SMKT IPB  

2.00%

$                -   

2294

SUPERMARKET CHIP INF PRVLG BUS  

SMKTCHPIPB

2.00%

$                -   

2410

EMERGING MRKT ELECT BUSINESS    

EMRG BUS  

1.80%

$                -   

2411

EMERGING MRKT CHIP - BUSINESS   

EMRGCHPBUS

1.80%

$                -   

2413

EMERGING MRKT CHIP STANDARD BUS 

EMCPSTDBUS

1.80%

$                -   

2414

EMERGING MRKT STANDARD BUS      

EMRGSTDBUS

1.80%

$                -   

21013

EMERMRKT CHIP STAND INF PRVLGBUS

EMCPSTDIPB

2.00%

$                -   

21014

EMERMRKT STAND INF PRVLGBUS     

EMRGSTDIPB

2.00%

$                -   

2169

TIER 1 ELECTRONIC - BUSINESS    

TIER 1 BUS

1.80%

$                -   

2164

TIER 1 CHIP - BUSINESS          

TR1 CHP B 

1.80%

$                -   

2298

TIER 1 ELECT INF PRVLG BUS      

TIER 1 IPB

2.00%

$                -   

2299

TIER 1 CHIP INF PRVLG BUS       

TR1CHP IPB

2.00%

$                -   

 

MasterCard

 

  •       Effective April 11, 2025, MasterCard will introduce new Interchange programs for new MasterCard Wholesale Travel program products:

 

Charge Type

Description

Short Description

April 2025 Rate %

April 2025 Per Item

22277

MC CAD DOM B2B MBL

M CAB2BMBL

TBA

$                               -   

22278

MC CAD DOM B2B MBN

M CAB2BMBN

TBA

$                               -   

22279

MC CAD DOM B2B MBO

M CAB2BMBO

TBA

$                               -   

22280

MC CAD DOM B2B MBQ

M CAB2BMBQ

TBA

$                               -   

22281

MC CAD DOM B2B MBR

M CAB2BMBR

TBA

$                               -   

22282

MC INTL CAD B2B MBL 

MICAB2BMBL

TBA

$                               -   

22283

MC INTL CAD B2B MBN

MICAB2BMBN

TBA

$                               -   

22284

MC INTL CAD B2B MBO

MICAB2BMBO

TBA

$                               -   

22285

MC INTL CAD B2B MBQ

MICAB2BMBQ

TBA

$                               -   

22286

MC INTL CAD B2B MBR

MICAB2BMBR

TBA

$                               -   

 

  •       Effective April 11, 2025, MasterCard will introduce new Interchange programs for the New MasterCard Flex program products:

 

Charge Type

Description

Short Description

April 2025 Rate %

April 2025 Per Item

22207

MC CAN DOM B2B WAA PRODUCT 1

M CAB2BWAA

0.50%

$                               -   

22208

MC CAN DOM B2B WAB PRODUCT 2

M CAB2BWAB

0.55%

$                               -   

22209

MC CAN DOM B2B WAC PRODUCT 3

M CAB2BWAC

0.60%

$                               -   

22210

MC CAN DOM B2B WAD PRODUCT 4

M CAB2BWAD

0.65%

$                               -   

22211

MC CAN DOM B2B WAE PRODUCT 5

M CAB2BWAE

0.70%

$                               -   

22212

MC CAN DOM B2B WAF PRODUCT 6

M CAB2BWAF

0.75%

$                               -   

22213

MC CAN DOM B2B WAG PRODUCT 7

M CAB2BWAG

0.80%

$                               -   

22214

MC CAN DOM B2B WAH PRODUCT 8

M CAB2BWAH

0.85%

$                               -   

22215

MC CAN DOM B2B WAI PRODUCT 9

M CAB2BWAI

0.90%

$                               -   

22216

MC CAN DOM B2B WAJ PRODUCT 10

M CAB2BWAJ

0.95%

$                               -   

22217

MC CAN DOM B2B WAK PRODUCT 11

M CAB2BWAK

1.00%

$                               -   

22218

MC CAN DOM B2B WAL PRODUCT 12

M CAB2BWAL

1.05%

$                               -   

22219

MC CAN DOM B2B WAM PRODUCT 13

M CAB2BWAM

1.10%

$                               -   

22220

MC CAN DOM B2B WAN PRODUCT 14

M CAB2BWAN

1.15%

$                               -   

22221

MC CAN DOM B2B WAO PRODUCT 15

M CAB2BWAO

1.20%

$                               -   

22222

MC CAN DOM B2B WAP PRODUCT 16

M CAB2BWAP

1.25%

$                               -   

22223

MC CAN DOM B2B WAQ PRODUCT 17

M CAB2BWAQ

1.30%

$                               -   

22224

MC CAN DOM B2B WAT PRODUCT 18

M CAB2BWAT

1.35%

$                               -   

22225

MC CAN DOM B2B WAU PRODUCT 19

M CAB2BWAU

1.40%

$                               -   

22226

MC CAN DOM B2B WAV PRODUCT 20

M CAB2BWAV

1.45%

$                               -   

22227

MC CAN DOM B2B WAW PRODUCT 21

M CAB2BWAW

1.50%

$                               -   

22228

MC CAN DOM B2B WAX PRODUCT 22

M CAB2BWAX

1.55%

$                               -   

22229

MC CAN DOM B2B WAY PRODUCT 23

M CAB2BWAY

1.60%

$                               -   

22230

MC CAN DOM B2B WAZ PRODUCT 24

M CAB2BWAZ

TBA

$                               -   

22231

MC CAN DOM B2B WBA PRODUCT 25

M CAB2BWBA

TBA

$                               -   

22232

MC CAN DOM B2B WBB PRODUCT 26

M CAB2BWBB

TBA

$                               -   

22233

MC CAN DOM B2B WBC PRODUCT 27

M CAB2BWBC

TBA

$                               -   

22234

MC CAN DOM B2B WBD PRODUCT 28

M CAB2BWBD

TBA

$                               -   

22235

MC CAN DOM B2B WBF PRODUCT 29

M CAB2BWBF

TBA

$                               -   

22236

MC CAN DOM B2B WBG PRODUCT 30

M CAB2BWBG

TBA

$                               -   

22237

MC CAN DOM B2B WBH PRODUCT 31

M CAB2BWBH

TBA

$                               -   

22238

MC CAN DOM B2B WBI PRODUCT 32

M CAB2BWBI

TBA

$                               -   

22239

MC CAN DOM B2B WBJ PRODUCT 33

M CAB2BWBJ

TBA

$                               -   

22240

MC CAN DOM B2B WBK PRODUCT 34

M CAB2BWBK

TBA

$                               -   

22241

MC CAN DOM B2B WBL PRODUCT 35

M CAB2BWBL

TBA

$                               -   

22242

MC CAN INTL B2B WAA PRODUCT 1

MICAB2BWAA

0.50%

$                               -   

22243

MC CAN INTL B2B WAB PRODUCT 2

MICAB2BWAB

0.55%

$                               -   

22244

MC CAN INTL B2B WAC PRODUCT 3

MICAB2BWAC

0.60%

$                               -   

22245

MC CAN INTL B2B WAD PRODUCT 4

MICAB2BWAD

0.65%

$                               -   

22246

MC CAN INTL B2B WAE PRODUCT 5

MICAB2BWAE

0.70%

$                               -   

22247

MC CAN INTL B2B WAF PRODUCT 6

MICAB2BWAF

0.75%

$                               -   

22248

MC CAN INTL B2B WAG PRODUCT 7

MICAB2BWAG

0.80%

$                               -   

22249

MC CAN INTL B2B WAH PRODUCT 8

MICAB2BWAH

0.85%

$                               -   

22250

MC CAN INTL B2B WAI PRODUCT 9

MICAB2BWAI

0.90%

$                               -   

22251

MC CAN INTL B2B WAJ PRODUCT 10

MICAB2BWAJ

0.95%

$                               -   

22252

MC CAN INTL B2B WAK PRODUCT 11

MICAB2BWAK

1.00%

$                               -   

22253

MC CAN INTL B2B WAL PRODUCT 12

MICAB2BWAL

1.05%

$                               -   

22254

MC CAN INTL B2B WAM PRODUCT 13

MICAB2BWAM

1.10%

$                               -   

22255

MC CAN INTL B2B WAN PRODUCT 14

MICAB2BWAN

1.15%

$                               -   

22256

MC CAN INTL B2B WAO PRODUCT 15

MICAB2BWAO

1.20%

$                               -   

22257

MC CAN INTL B2B WAP PRODUCT 16

MICAB2BWAP

1.25%

$                               -   

22258

MC CAN INTL B2B WAQ PRODUCT 17

MICAB2BWAQ

1.30%

$                               -   

22259

MC CAN INTL B2B WAT PRODUCT 18

MICAB2BWAT

1.35%

$                               -   

22260

MC CAN INTL B2B WAU PRODUCT 19

MICAB2BWAU

1.40%

$                               -   

22261

MC CAN INTL B2B WAV PRODUCT 20

MICAB2BWAV

1.45%

$                               -   

22262

MC CAN INTL B2B WAW PRODUCT 21

MICAB2BWAW

1.50%

$                               -   

22263

MC CAN INTL B2B WAX PRODUCT 22

MICAB2BWAX

1.55%

$                               -   

22264

MC CAN INTL B2B WAY PRODUCT 23

MICAB2BWAY

1.60%

$                               -   

22265

MC CAN INTL B2B WAZ PRODUCT 24

MICAB2BWAC

TBA

$                               -   

22266

MC CAN INTL B2B WBA PRODUCT 25

MICAB2BWBA

TBA

$                               -   

22267

MC CAN INTL B2B WBB PRODUCT 26

MICAB2BWBB

TBA

$                               -   

22268

MC CAN INTL B2B WBC PRODUCT 27

MICAB2BWBC

TBA

$                               -   

22269

MC CAN INTL B2B WBD PRODUCT 28

MICAB2BWBD

TBA

$                               -   

22270

MC CAN INTL B2B WBF PRODUCT 29

MICAB2BWBF

TBA

$                               -   

22271

MC CAN INTL B2B WBG PRODUCT 30

MICAB2BWBG

TBA

$                               -   

22272

MC CAN INTL B2B WBH PRODUCT 31

MICAB2BWBH

TBA

$                               -   

22273

MC CAN INTL B2B WBI PRODUCT 32

MICAB2BWBI

TBA

$                               -   

22274

MC CAN INTL B2B WBJ PRODUCT 33

MICAB2BWBJ

TBA

$                               -   

22275

MC CAN INTL B2B WBK PRODUCT 34

MICAB2BWBK

TBA

$                               -   

22276

MC CAN INTL B2B WBL PRODUCT 35

MICAB2BWBL

TBA

$                               -   

 

  •       Effective April 11, 2025, MasterCard will introduce a new fee for transactions using the New MasterCard Flex program product:

 

Charge Type

Description

Short Description

April 2025 Rate %

April 2025 Per Item

702

MasterCard Flex Program Fee

FLEXPGM

0.10%

$                -   

Visa, Mastercard and Interac are making several rate changes that will go into effect beginning in October 2024. These rate changes could impact your business based on your current pricing method and the types of payments that your business accepts.

 

Visa and Mastercard Small Merchant Interchange

To comply with recent rate reduction requirements implemented by the Canadian government, Visa and Mastercard will introduce new Small Merchant interchange categories for eligible customers. To qualify for Visa’s program, annual processing volume must be below $300,000 CAD. To qualify for Mastercard’s program, annual processing volume must be below $175,000 CAD. Eligibility is based on the previous 12 months of processing volume. (If your business has been open less than 12 months, your eligibility will be based on projected annual volume.)

As a result of this new program, you will receive the following new interchange categories:

 

Brand

Description

IC Rate

  

Brand

Description

IC Rate

VISA

Small Merchant Consumer CP

0.81%

  

M/C

MC Dom E-Commerce World Elite

2.03%

VISA

Small Merchant Infinite CP

0.99%

  

M/C

MC Dom E-Commerce Muse

2.15%

VISA

Small Merchant Infinite Privilege CP

1.80%

  

M/C

MC Dom Paypass Core

0.72%

VISA

Small Merchant Consumer CNP Token

1.25%

  

M/C

MC Dom Paypass World

0.95%

VISA

Small Merchant Infinite CNP Token

1.50%

  

M/C

MC Dom Paypass World Elite

1.22%

VISA

Small Merchant Infinite Privilege CNP Token

2.25%

  

M/C

MC Dom Paypass Muse

1.29%

VISA

Small Merchant Consumer CNP

1.30%

  

M/C

MC Dom 3Ds E-Comm Secure Core

1.40%

VISA

Small Merchant Infinite CNP

1.55%

  

M/C

MC Dom 3Ds E-Comm Secure World

1.60%

VISA

Small Merchant Infinite Privilege CNP

2.30%

  

M/C

MC Dom 3Ds E-Comm Secure We

1.80%

M/C

MC Dom Emv Core

0.72%

  

M/C

MC Dom 3Ds E-Comm Secure Muse

1.93%

M/C

MC Dom Emv World

0.95%

  

M/C

MC Dom Card Present Core Refund

0.43%

M/C

MC Dom Emv World Elite

1.22%

  

M/C

MC Dom Card Present Refund World

0.57%

M/C

MC Dom Emv Muse

1.29%

  

M/C

MC Dom Card Present Refund We

0.73%

M/C

MC Dom Card Present Core

0.95%

  

M/C

MC Dom Card Present Refund Muse

0.77%

M/C

MC Dom Card Present World

1.19%

  

M/C

MC Dom Cnp Core Refund

0.96%

M/C

MC Dom Card Present World Elite

1.45%

  

M/C

MC Dom Cnp Refund World

1.10%

M/C

MC Dom Card Present Muse

1.52%

  

M/C

MC Dom Cnp Refund World Elite

1.24%

M/C

MC Dom E-Commerce Core

1.57%

  

M/C

MC Dom Cnp Refund Muse

1.34%

M/C

MC Dom E-Commerce World

1.80%

        

 

Interac

Effective October 1, 2024, Interac will make the following merchant category codes (MCCs) eligible for the DB QSR BAS qualification category. The interchange rate for this category is $0.02 per transaction.

 

MCC

Merchant Category Code Description

4112

Passenger Railways

4131

Bus Lines

5441

Candy, Nut, Confectionary Stores

5531

Auto Store, Home Supply Stores

5552

Electric Vehicle Charging

5811

Caterers

7210

Cleaning, Garment, and Laundry Services

7211

Laundry Services-Family and Commercial

7523

Automobile Parking Lots and Garages

7542

Car Washes

8050

Nursing and Personal Care Facilities

8062

Hospitals



Mastercard

  • Effective October 2024, Mastercard is introducing a new Mail Order/Telephone Order (MOTO) fee in Canada. The new fee will apply to all card not present MOTO sale and refund transactions except payment transactions, wholesale travel program transactions and collection-only transactions. The fee will be 0.017% of volume cleared for both domestic and cross-border. 
  • Effective October 1, 2024, we will pass through fines assessed by Mastercard due to card transaction data integrity errors. This fine will be $0.025 per non-compliant transaction. 
  • Effective October 1, 2024, transactions you submit for processing must include the most current EMV Key for Mastercard. Please make sure your point-of-sale solution is updated with the most current software version to ensure you are passing the correct EMV Key. Businesses could be subject to a fine of up to $100 per month for each non-compliant payment solution. 

We appreciate your business and are available to answer any questions you may have. 

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

We wanted to make you aware that Visa, Mastercard and Interac are making several rate changes that will go into effect beginning in April 2024. These rate changes could impact your business based on your current pricing method and the types of payments that your business accepts.

 

Updated December 2023

 

Visa

 

  • Effective April 1, 2024, Visa will introduce a new fee for authorizations which use CVV2 verification. CVV2 is the 3-digit security code of the back of the card and, when sent with the authorization, is used to mitigate fraud.  

 

Short Description

Description

April 2024 %

April 2024 Per Item

VI CVC2

VISA CVC2 VERIFICATION

0.0000%

$0.0028

 

  • Effective April 1, 2024, Visa will introduce a new fee for transactions acquired with a Visa Business Solution product.  

 

Short Description

Description

April 2024 %

April 2024 Per Item

VICOMSOL

VISA COMMERCIAL SOLUTIONS FEE

0.0113%

$0.0000

 

  • Effective April 1, 2024, Visa will introduce a new Integrity Risk fee for high-risk customers operating in a card not present environment. These customers have a higher risk of accepting illicit transactions when operated without controls. The high-risk categories are for MCCs 5967 (Direct Marketing) and 7273 (Dating Services). 

 

Short Description

Description

April 2024 %

April 2024 Per Item

VI HI RISK

VISA HIGH RISK TRANSACTION

0.1130%

$0.1130

 

  • Effective April 1, 2024, Visa will introduce a new Annual High Integrity Risk fee for high-risk customers operating in a card not present environment. These customers have a higher risk of accepting illicit transactions when operated without controls. The high-risk categories are for MCCs 5967 (Direct Marketing/Inbound), 7273 (Dating Services), 7995 (Gambling), 5122/5912 (Pharmacies/Drug Stores), 6051/6012 (Quasi-Cash/Crypto), 4816 (Computer/Network Services), 5816 (Digital Games), 6211(Securities Dealer), 5966 (Direct Marketing/Outbound), 5968 (Direct Marketing/Subscriptions) and 5993 (Tobacco Sales).

 

Short Description

Description

Annual Fee

VIHIRSKACQ

VISA HIGH RISK ACQUIRING FEE

$100.00



Mastercard

 

  • Effective April 1, 2024, Mastercard will revise pricing of select Transaction Processing Excellence (TPE) programs from a fixed priced to a percentage with a minimum fee.

 

Short Description

Description

April 2024 %

April 2024 Per Item

PI UNDEF

PROCESSING INTGRY-UNDEFINED AUTH

0.3390%

$0.0000

PI UNDEF M

PROCESSING INTGRY-UNDEFINED AUTH MIN

0.0000%

$0.0509

PI PREATH

PROCESSING INTGRY - PRE AUTH

0.3390%

$0.0000

PIPREATHMN

PROCESSING INTGRY - PRE AUTH MIN

0.0000%

$0.0509

PI FRMT ER

 PROCESSING INTGRY - FORMAT ERROR

0.3390%

$0.0000

PIFRMTERMN

 PROCESSING INTGRY - FORMAT ERROR MIN

0.0000%

$0.0509

PIINVLDICA

PROCESSING INTEGRITY INVALID ICA

0.3390%

$0.0000

PIIVLDICAM

PROCESSING INTEGRITY INVALID ICA MIN

0.0000%

$0.0509



Interac

  • Effective April 1, 2024, Interac and Interac Flash will be decreasing the Switch Fee. The new Switch Fee will be $0.0129.

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

Updated June 2023

 

Visa

 

Effective November 1, 2023, Visa will implement 2 new fees for Incremental and Estimated Authorizations.  An Estimated Authorization is used when the Final Amount is unknown so the Merchant estimates how much the cardholder will pay.  An Incremental Authorization is used when the Estimated Authorization Amount is insufficient thus the Merchant needs to increase the Total Authorized Amount.

 

Charge Type

Short Description

Description

November 2023 %

November 2023 Per Item

298

VI INCAUTH

VISA INCREMENTAL AUTH FEE

0.0226%

$0.00

299

VI ESTAUTH

VISA ESTIMATED AUTH FEE

0.0226%

$0.00

 Effective November 1, 2023, Visa will implement a new fee for Non-Chip Enabled Terminal Authorizations.  Merchants should ensure their equipment is capable of processing Chip card transactions in order to avoid this fee.

 

Charge Type

Short Description

Description

November 2023 %

November 2023 Per Item

TBD

VI NCTERM

VISA NONCHIP ENABLED TERMINAL

0.00%

$0.1695

Effective January 1, 2024, Visa will implement 4 new fees Misuse of Authorization and Unmatched Clearing.  Misuse of Authorization occurs when an Authorization, or Partial Authorization, takes place but a matching Settled transaction or Authorization Reversal is not found.  Unmatched Clearing occurs when the Settled transaction cannot be matched to a previously approved Authorization.  Both fees are billed 1 month in arrears.

 

Charge Type

Short Description

Description

January 2024 %

January 2024 Per Item

3145

VI MISUSE

VISA MIS-USE OF AUTH

0.00%

$0.0565

3146

VI UNMATCL

VISA UNMATCHED CLEARING

0.00%

$0.0565

3147

VIMISUSECR

VISA MIS-USE OF AUTH CREDIT

0.00%

$0.0565

3148

VIUNMTCLCR

VISA UNMATCHED CLEARING CREDIT

0.00%

$0.0565

 Effective October 13, 2023, Visa will implement new International Interchange programs for Consumer and Commercial transactions.

 

Charge Type

Short Description

Description

October 2023 %

October 2023 Per Item

TBD

VIISPRCP

Visa International Super Premium CP

1.98%

$0.00

TBD

VIIPRCP

Visa International Premium CP

1.85%

$0.00

TBD

VIINPRCP

Visa International Non-Premium CP

1.10%

$0.00

TBD

VIIBUSCP

Visa International Business CP

2.00%

$0.00

TBD

VIICORCP

Visa International Corporate CP

2.00%

$0.00

TBD

VIIPURCP

Visa International Purchasing CP

2.00%

$0.00

TBD

VIISPRCNP

Visa International Super Premium CNP

1.98%

$0.00

TBD

VIIPRCNP

Visa International Premium CNP

1.85%

$0.00

TBD

VIINPRCNP

Visa International Non-Premium CNP

1.60%

$0.00

TBD

VIIBUSCNP

Visa International Business CNP

2.00%

$0.00

TBD

VIICORCNP

Visa International Corporate CNP

2.00%

$0.00

TBD

VIIPURCNP

Visa International Purchasing CNP

2.00%

$0.00

TBD

VIISPRDG

Visa International Super Premium Downgrade

2.03%

$0.00

TBD

VIIPRDG

Visa International Premium Downgrade

1.90%

$0.00

TBD

VIINPRDG

Visa International Non-Premium Downgrade

1.65%

$0.00

TBD

VIIBUSDG

Visa International Business Downgrade

2.05%

$0.00

TBD

VIICORDG

Visa International Corporate Downgrade

2.05%

$0.00

TBD

VIIPURDG

Visa International Purchasing Downgrade

2.05%

$0.00

TBD

VIICONCR

Visa International Consumer Credit

1.00%

$0.00

TBD

VIICOMCR

Visa International Commercial Credit

1.80%

$0.00

 

Mastercard

 

Effective November 1, 2023, Mastercard will introduce a declined CNP Authorizations for Insufficient Funds where the receive Merchant Advice Code is 24-30 meaning to retry the transaction at a later time.

 

Charge Type

Short Description

Description

November 2023 %

November 2023 Per Item

709

MC INSFDCL

MC INSUFFICIENT FUNDS DECLINES

0.00%

$0.0226

Effective November 1, 2023, MasterCard will introduce new fees for MasterCard Installment Payment products.

 

Charge Type

Short Description

Description

November 2023 %

November 2023 Per Item

TBD

MC INSA

MC INSTALLMENT - INSA

1.695%

$0.00

TBD

MC INSB

MC INSTALLMENT - INSB

0.113%

$0.00

TBD

MC INSC

MC INSTALLMENT - INSC

0.00%

$0.113

TBD

MC INSA CR

MC INSTALLMENT – INSA CR

-1.469%

$0.00

TBD

MC INSB CR

MC INSTALLMENT – INSB CR

0.00%

$0.00

TBD

MC INSC CR

MC INSTALLMENT – INSC CR

0.00%

$0.00

Effective November 1, 2023, MasterCard will introduce a new Installment Payment Interchange program and products.

 

Charge Type

Short Description

Description

November 2023 %

November 2023 Per Item

TBD

MINSTLPMTA

MC INSTALLMENT PAYMENTS A

1.50%

$0.00

TBD

MINSTLPMTB

MC INSTALLMENT PAYMENTS B

1.50%

$0.00

TBD

MINSTLPMTC

MC INSTALLMENT PAYMENTS C

0.00%

$0.10

Effective November 1, 2023, MasterCard will introduce new B2B Products for the Wholesale Travel Interchange program.

 

Charge Type

Short Description

Description

November 2023 %

November 2023 Per Item

TBD

M B2B MTA

MC CA DOM B2B MTA

2.00%

$0.00

TBD

M B2B MTB

MC CA DOM B2B MTB

1.90%

$0.00

TBD

M B2B MTC

MC CA DOM B2B MTC

1.80%

$0.00

TBD

M B2B MTD

MC CA DOM B2B MTD

1.70%

$0.00

TBD

M B2B MTE

MC CA DOM B2B MTE

1.60%

$0.00

TBD

M B2B MTF

MC CA DOM B2B MTF

1.50%

$0.00

TBD

M B2B MTG

MC CA DOM B2B MTG

1.40%

$0.00

TBD

M B2B MTH

MC CA DOM B2B MTH

1.30%

$0.00

TBD

M B2B MTI

MC CA DOM B2B MTI

1.20%

$0.00

TBD

M B2B MTJ

MC CA DOM B2B MTJ

1.10%

$0.00

TBD

M B2B MTK

MC CA DOM B2B MTK

1.00%

$0.00

TBD

M B2B MTL

MC CA DOM B2B MTL

TBD

TBD

TBD

M B2B MTM

MC CA DOM B2B MTM

TBD

TBD

TBD

M B2B MTN

MC CA DOM B2B MTN

TBD

TBD

TBD

M B2B MTO

MC CA DOM B2B MTO

TBD

TBD

TBD

M B2B MTQ

MC CA DOM B2B MTQ

TBD

TBD

TBD

M B2B MTR

MC CA DOM B2B MTR

TBD

TBD

TBD

M B2B MTS

MC CA DOM B2B MTS

TBD

TBD

TBD

M B2B MTT

MC CA DOM B2B MTT

TBD

TBD

TBD

M B2B MTU

MC CA DOM B2B MTU

TBD

TBD

TBD

M B2B MTV

MC CA DOM B2B MTV

TBD

TBD

TBD

M I B2BMTA

MC CA INTL B2B MTA

2.00%

$0.00

TBD

M I B2BMTB

MC CA INTL B2B MTB

1.90%

$0.00

TBD

M I B2BMTC

MC CA INTL B2B MTC

1.80%

$0.00

TBD

M I B2BMTD

MC CA INTL B2B MTD

1.70%

$0.00

TBD

M I B2BMTE

MC CA INTL B2B MTE

1.60%

$0.00

TBD

M I B2BMTF

MC CA INTL B2B MTF

1.50%

$0.00

TBD

M I B2BMTG

MC CA INTL B2B MTG

1.40%

$0.00

TBD

M I B2BMTH

MC CA INTL B2B MTH

1.30%

$0.00

TBD

M I B2BMTI

MC CA INTL B2B MTI

1.20%

$0.00

TBD

M I B2BMTJ

MC CA INTL B2B MTJ

1.10%

$0.00

TBD

M I B2BMTK

MC CA INTL B2B MTK

1.00%

$0.00

TBD

M I B2BMTL

MC CA INTL B2B MTL

TBD

TBD

TBD

M I B2BMTM

MC CA INTL B2B MTM

TBD

TBD

TBD

M I B2BMTN

MC CA INTL B2B MTN

TBD

TBD

TBD

M I B2BMTO

MC CA INTL B2B MTO

TBD

TBD

TBD

M I B2BMTQ

MC CA INTL B2B MTQ

TBD

TBD

TBD

M I B2BMTR

MC CA INTL B2B MTR

TBD

TBD

TBD

M I B2BMTS

MC CA INTL B2B MTS

TBD

TBD

TBD

M I B2BMTT

MC CA INTL B2B MTT

TBD

TBD

TBD

M I B2BMTU

MC CA INTL B2B MTU

TBD

TBD

TBD

M I B2BMTV

MC CA INTL B2B MTV

TBD

TBD

 

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

Updated December 2022

 

Visa

 

Effective April 1, 2023, Visa will implement a new fee when account verification is required prior to authorization:

 

- Domestic Account Verification: $0.0113

- International Account Verification: $0.0226

 

Mastercard

 

Effective April 1, 2023, Mastercard will introduce a Digital Enablement fee on all authorizations. The minimum fee will be $0.0226 and the maximum fee will be $0.2260. 

 

Charge Type

Short Description

Description

April 2023 %

April 2023 Per Item

745

MC ACQ DIG

MC DIGITAL

0.0226%

$0.00

743

MCAQDIGMIN

MC DIGITAL MIN

0%

$0.0226

744

MCAQDIGMAX

MC DIGITAL MAX

0%

$0.226

Effective April 1, 2023, Mastercard will increase its Excessive Authorization Attempt fee to $0.565. This fee is assessed when 10 or more declines occur on the same card and card acceptor within a 24-hour period.

 

Effective May 1, 2023, Mastercard will increase its Intracountry Consumer Contactless interchange to match the level of Card Present EMV. The new Intracountry Consumer Contactless interchange rates will change as follows: 

 

Charge Type

Description

Short Description

Current Rate

May  2023 Rate

22008

MC Dom Paypass Core

M PYPASS C

0.87%

0.92%

22019

MC Dom Paypass World

M PYPASS W

1.16%

1.22%

22030

MC Dom Paypass World Elite

M PYPSS WE

1.48%

1.56%

22041

MC Dom Paypass Muse

M PYPSS M

1.57%

1.65%

Interac

 

Effective April 1, 2023, Interac will increase its Switch Fee to $0.0145.

 

Effective April 1, 2023, the Interac Switch Fee and Flash Interchange will be passed through to you at cost.

 

American Express

 

Effective April 1, 2023, American Express will increase its International Assessment Fee rate to 0.678%.

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

Updated July 2022

 

 Visa

Effective November 1, 2022, Visa will expand its B2B Virtual Payments Program to include additional customer types. Details on the new merchant category codes (MCC) and rates can be found in Table 1 and Table 2 below.

 

TABLE 1

 

MCC

Description

MCC

Description

4111

COMMUTER TRANS/FERRY

5992

FLORIST

4121

TAXICAB LIMOUSINE

7832

MOVIE THEATRE

4789

MISC TRANSPORTATION

7922

TICKET AGENCY

5812

RESTAURANT

7992

PUBLIC GOLF COURSE

5813

BAR NIGHTCLUBS

9399

GOVERNMENT SERVICES

5814

FAST FOOD RESTAURANT

    

 

TABLE 2

Description

Rate

B2B Program 1

0.80%

B2B Program 2

1.00%

B2B Program 3

1.20%

B2B Program 4

1.40%

B2B Program 5

1.60%

B2B Program 6

1.80%

B2B Program 8

0.90%

B2B Program 9

1.10%

B2B Program 10

1.30%

B2B Program 11

1.50%

B2B Program 12

1.70%

B2B Program 13

1.90%

 

Effective November 1, 2022, Visa will implement new Consumer Bill Payment Service rates. These rates will match current rates for existing Emerging Market categories, and are summarized below in Table 3.

 

TABLE 3

Visa Interchange Category

Shrt Desc

% Rate

Consumer Bill Payment Chip Standard - Cons

CBPSCHIPSTD

0.98%

Consumer Bill Payment Chip Standard - Inft

CBPSCPSTDINF

1.17%

Consumer Bill Payment Chip Standard - Bus

CBPSCPSTDBUS

1.80%

Consumer Bill Payment Chip Stand - Prepaid

CBPSCHPSTDPP

0.98%

Consumer Bill Payment Chip Stand - Comm Prepaid

CBPSCHSTDCPP

1.80%

Consumer Bill Payment Standard - Cons

CBPSSTDCON

0.98%

Consumer Bill Payment Preferred Cons

CBPSPREFCON

0.80%

Consumer Bill Payment Standard - Inft

CBPSSTDINF

1.17%

Consumer Bill Payment Preferred Inf

CBPSPREFINF

1.00%

Consumer Bill Payment Standard - Bus

CBPSSTDBUS

1.80%

Consumer Bill Payment Standard - Prepaid

CBPSSTDPP

0.98%

Consumer Bill Payment Standard - Comm Prepaid

CBPSSTDCPP

1.80%

Consumer Bill Payment STANDARD INF PRVLG

CBPSSTDIP

1.95%

Consumer Bill Payment Preferred Infprv

CBPSPREFIP

1.95%

CHIP Consumer Bill Payment STND INF PRVLG

CBPSCHPSTDIP

1.95%

 

Effective November 1, 2022, Visa will introduce the following assessments:

- Acquirer INTL Settlement Charge of 0.2825%, to be assessed when the currency accepted is different than Canadian dollars. This will apply to any dynamic or multi-currency program.


- Acquirer Multi-Currency Settlement Charge of 0.1130%, to be assessed when the settlement currency is not Canadian dollars.


- CBPS Settlement Charge of $0.1130, to be assessed on Visa Bill Pay transactions


- Address Verification Service fee of $0.00113, to be assessed when Address Verification is not captured during the transaction

 

Mastercard
Effective November 1, 2022, we’ll begin passing through a $0.0226 assessment on transactions that generate a decline.

 

Interac

Effective November 1, 2022, Interac will introduce a new pricing tier for Interac Debit Contactless (Interac Flash) transactions. Contactless Interac transactions greater than $100 will receive a new flat fee of $0.055.

Interac Contactless Payment Interchange Pricing Structure 

Transaction Tier

Flat-fee Per Transaction

Transaction from $0.01 to $100.00

$0.035

Transaction from $100.01 to $250.00

$0.055



American Express

Effective November 1, 2022, American Express will introduce new interchange categories. Details are below in Table 4.

 

TABLE 4

New Interchange Category

% Rate

Per Item

Volume Tier

AMEX CA EMERGING MARKET

1.18%

$0.00

N/A

AMEX CA RESIDENTIAL RENT

1.08%

$0.00

N/A

AMEX CA UTILITY Tier 1

0%

$0.68

<=1000

AMEX CA UTILITY Tier 2 

1.88%

$0.00

>1000

Effective November 1, 2022, American Express will remove the current volume tiers for its OptBlue healthcare program and update the existing rate structure. Details are below in Table 5.

 

TABLE 5

Description

Short Description

CGT

Rate

AMEX CA HEALTHCARE 1 CP

A HLTH 1CP

10516

1.34%

AMEX CA HEALTHCARE 2 CP

A HLTH 2CP

10517

1.34%

AMEX CA HEALTHCARE 1 CNP

A HLTH1CNP

10518

1.34%

AMEX CA HEALTHCARE 2 CNP

A HLTH2CNP

10519

1.34%

 

Effective November 1, 2022, several business types will see an update to their interchange category. Details are below in Table 6.

 

TABLE 6

MCC

Desc

Current Category

November 2022 Category

5960

DIRECT MARKETING-INSURANCE SER

B2B/Wholesale

Emerging Market

6300

INSURANCE SALES

B2B/Wholesale

Emerging Market

7032

RECREATION CAMP

Other

Emerging Market

7911

DANCE HALL SCHOOL

Services

Emerging Market

8211

SCHOOL

Other

Emerging Market

8220

COLLEGE UNIVERSITY

Other

Emerging Market

8241

CORRESPONDENCE SCHOOL

Other

Emerging Market

8244

SECRETARIAL SCHOOL

Other

Emerging Market

8249

TRADE VOCATION SCHOOL

Other

Emerging Market

8299

EDUCATIONAL SERVICE

Other

Emerging Market

8351

CHILD CARE SERVICES

Other

Emerging Market

9211

COURT COSTS

Other

Emerging Market

9222

FINES

Other

Emerging Market

9311

TAX PAYMENTS

Other

Emerging Market

9399

GOVERNMENT SERVICES

Other

Emerging Market

8050

NURSING PERSONAL CARE

Healthcare

Residential Rent

4111

COMMUTER TRANS/FERRY

Other

Emerging Market

4112

PASSENGER RAILWAYS

Other

Emerging Market

4131

BUS LINE

Other

Emerging Market

4784

TOLL BRIDGE FEE

Other

Emerging Market

6513

REAL ESTATE AGENTS AND MANAGERS, RENTALS

Other

Residential Rent

8398

CHARITABLE ORG

Other

Emerging Market

742

VETERINARY SERVICE

Services

Healthcare

4119

AMBULANCE SERVICE

Services

Healthcare

4900

PUBLIC UTILITY

Services

Utilities

7523

PARKING LOT GARAGE

Services

Emerging Market

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

Updated June 2022

 

Visa

 

Visa will modify interchange rates for the large ticket and Straight Through Processing (STP) interchange programs. Effective for October 2022, Visa will implement modifications to the structure, rates and qualification criteria of programs that support its large ticket and STP platforms.

 

Visa’s large ticket interchange program was introduced in 2015 to address opportunities in B2B payments at larger transaction sizes. Visa will modify this program by adjusting the eligible transaction size and incentive rate levels. Additionally, Visa will remove the large ticket interchange rates from the STP service; these transactions will now qualify for the applicable corporate and purchasing rates.

 

New Large Ticket Program Criteria

 

·      Must be a Visa Corporate, Purchasing, or Fleet Card

·      Must meet Canadian domestic fee jurisdiction

·      Large Ticket Tier 1 for transaction amounts CA$100,000 to CA$249,999.99

·      Large Ticket Tier 2 for transaction amounts CA$250,000 or greater

 

Discontinued Categories 

 

Visa Interchange Category (October 2022)

% Rate

CA Straight Through Process TR1

2.00%

CA Straight Through Process TR2

1.30%

CA Straight Through Process TR3

1.20%

CA Straight Through Process TR4

1.10% 

 

New Categories

Visa Interchange Category (October 2022)

% Rate

Large Ticket Tier 1

1.30%

Large Ticket Tier 2

1.00%

 

 

 

 

 

We wanted to make you aware that the card brands (Visa, Mastercard, Interac) are making several rate changes that will go into effect in April and May 2022. These rate changes could impact your business based on your current pricing method and the types of payments that your business accepts.

Visa

 

Effective April 22, 2022, Visa will introduce the following new interchange programs for consumer credit cards:

• New card-not-present fee programs for tokenized transactions.
• New recurring payment fee programs for tokenized transactions.



Description

Rate

Visa Token CNP Infinite Privilege

2.35%

Visa Token CNP Infinite Privilege INTL

2.35%

Visa Token CNP Infinite

1.60%

Visa Token CNP Infinite INTL

1.60%

Visa Token CNP Consumer

1.35%

Visa Token CNP Consumer INTL

1.35%

 

Description

Rate

Visa Recurring Payment - Infinite Privilege

1.90%

Visa Recurring Payment - Infinite Privilege INTL

1.90%

Visa Recurring Payment - Infinite

1.48%

Visa Recurring Payment - Infinite INTL

1.48%

Visa Recurring Payment Consumer

1.20%

Visa Recurring Payment Consumer INTL

1.20%

 

Effective April 1, 2022, Visa will introduce the following new assessment fee programs for Visa credit cards:


• New data integrity fees for cards that receive more than 15 attempted transactions within a rolling 30-day period, including automated authorizations such as recurring payment transactions.
• New data integrity fees for a subset of declined transaction codes including, but not limited to, lost, stolen, or restricted cards.

 

Description

Rate

 

Per Item

VISA INTEG EXCESS REATTEMPTS

0.00%

+

$  0.1130

VISA INTEG EXCESS REATTEMPTS INT

0.00%

+

$  0.1695

VISA INTEG NEVER REAPPROVE FEE

0.00%

+

$  0.1130

VISA INTEG NEVER REAPPROVE INTL

0.00%

+

$  0.1695

 

Effective April 1, 2022, Visa will apply a new authorization fee of $0.0011 for keyed Visa transactions with an address verification (AVS) request.

 

Effective April 1, 2022, Visa will update the interchange rates for the categories listed below: 

 

Description

Rate

Supermarket Chip – Infinite Privilege

1.95%

Supermarket Electronic-Infinite Privilege

1.95%

Visa Chip Everyday Needs Infinite Privilege

1.95%

Visa Everyday Needs Infinite Privilege

1.95%

Visa Chip Restaurant Infinite Privilege

1.95%

Visa Restaurant Infinite Privilege     

1.95%

Chip Electronic – Prepaid Cons

1.42%

Non-Chip Elect -- Prepaid Cons

1.42%

Chip Standard – Prepaid Cons

1.52%

Standard – Prepaid Consumer

1.52%

Recurring Payment – Prepaid Cons

1.37%

Service Station Chip – PPD Cons

1.18%

Srvc Station Electronic-PPD Cons

1.18%

Supermarket Chip – Prepaid Cons

1.23%

Supermarket Electronic-PPD Cons

1.23%

Visa Chip Everyday Needs Prepaid

1.36%

Visa Card not Present Prepaid       

1.52%

Mastercard


Effective May 1, 2022, Mastercard will apply a new Transaction Processing Excellence Assessment Fee of $0.0339 for excessive authorization declines on cards that have been closed or cancelled by Mastercard.


Effective April 22, 2022, Mastercard is restructuring its Consumer International interchange categories. Specifically, Mastercard will be adding new and eliminating existing categories. 

 

Description

Current Rate

New Rate

MC INTL CAD CP CORE 1

New Category

1.10%

MC INTL CAD CP S PREMIUM 1

1.98%

1.98%

MC INTL CAD CP PREMIUM 1

1.85%

1.85%

MC INTL CAD E-COMM CORE 1

New Category

1.60%

MC INTL CAD E-COMM S PREMIUM 1

1.98%

1.98%

MC INTL CAD E-COMM PREMIUM 1

1.85%

1.85%

MC INTL CAD E-COMM CORE 1

New Category

1.60%

MC INTL CAD E-COMM S PREMIUM 1

1.98%

1.98%

MC INTL CAD E-COMM PREMIUM 1

1.85%

1.85%

MC INTL CAD CP CORE 1

1.10%

1.10%

MC INTL CAD STANDARD CORE 1

New Category

1.60%

MC INTL CAD STANDARD S PREMIUM 1

1.98%

1.98%

MC INTL CAD STANDARD PREMIUM 1

1.85%

1.85%

MC INTL CAD CP CORE 1

New Category

1.10%

MC INTL CAD STANDARD CORE 1

New Category

1.60%

MC INTL CAD CR VOUCHER CORE

1.00%

1.00%

MC INTL CAD CR VOUCHER S PREM

New Category

1.00%

MC INTL CAD CR VOUCHER PREMIUM

New Category

1.00%

MC INTL CAD CR VOUCHER CORE

1.00%

1.00%

MC INTL CAD CP PREMIUM 1

New Category

1.85%

MC INTL CAD CP S PREMIUM 1

1.98%

1.98%

MC INTL CAD CP CORE 1

1.10%

1.10%

MC INTL CAD CP PREMIUM 1

New Category

1.85%

MC INTL CAD E-COMM PREMIUM 1

New Category

1.85%

MC INTL CAD E-COMM S PREMIUM 1

1.98%

1.98%

MC INTL CAD E-COMM CORE 1

1.54%

1.60%

MC INTL CAD E-COMM PREMIUM 1

New Category

1.85%

MC INTL CAD E-COMM S PREMIUM 1

1.98%

1.98%

MC INTL CAD E-COMM CORE 1

1.44%

1.60%

MC INTL CAD STANDARD PREMIUM 1

New Category

1.85%

MC INTL CAD STANDARD S PREMIUM 1

1.98%

1.98%

MC INTL CAD STANDARD CORE 1

1.60%

1.60%

MC INTL CAD STANDARD S PREMIUM 1

New Category

1.98%

MC INTL CAD STANDARD PREMIUM 1

1.85%

1.85%

MC INTL CAD STANDARD CORE 1

1.60%

1.60%

MC INTL CAD E-COMM S PREMIUM 1

New Category

1.98%

MC INTL CAD E-COMM PREMIUM 1

1.85%

1.85%

MC INTL CAD E-COMM CORE 1

1.44%

1.60%

MC INTL CAD E-COMM S PREMIUM 1

New Category

1.98%

MC INTL CAD E-COMM PREMIUM 1

1.85%

1.85%

MC INTL CAD E-COMM CORE 1

1.54%

1.60%

MC INTL CAD CP S PREMIUM 1

New Category

1.98%

MC INTL CAD CP PREMIUM 1

1.85%

1.85%

MC INTL CAD CP CORE 1

1.10%

1.10%

MC INTL CAD STANDARD PREMIUM 1

New Category

1.85%

 

Interac

 

Effective April 1, 2022, the Interac Switch Fee assessment will increase from $0.0101 to $0.0107.

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay, and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

Updated June 2021

 

Visa

  • Effective October 2021, Visa will reduce the interchange rates for the categories listed below:

Interchange Category

Current Rate

New Rate

Supermarket Chip – Consumer

1.00%

0.95%

Supermarket Chip – Infinite

1.20%

1.15%

Supermarket Chip – Infinite Privilege

1.95%

1.15%

Supermarket Electronic-Consumer

1.00%

0.95%

Supermarket Electronic-Infinite

1.20%

1.15%

Supermarket Electronic-Infinite Privilege

1.95%

1.15%

Visa Chip Everyday Needs Consumer 

1.20%

1.10%

Visa Chip Everyday Needs Infinite

1.30%

1.20%

Visa Chip Everyday Needs Infinite Privilege

1.95%

1.20%

Visa Everyday Needs Consumer 

1.20%

1.10%

Visa Everyday Needs Infinite

1.30%

1.20%

Visa Everyday Needs Infinite Privilege

1.95%

1.20%

Visa Chip Restaurant Consumer 

1.20%

1.10%

Visa Chip Restaurant Infinite 

1.30%

1.20%

Visa Chip Restaurant Infinite Privilege

1.95%

1.20%

Visa Restaurant Consumer          

1.20%

1.10%

Visa Restaurant Infinite      

1.30%

1.20%

Visa Restaurant Infinite Privilege

1.95%

1.20%

 

Mastercard

  • Effective October 2021, Mastercard will adjust the rates for the interchange categories listed below:

Mastercard Interchange Category

Current Rate

Current Per Item

New Rate

New Per item

International Electronic

1.10%

$0.000

Eliminated

International Merchant UCAF

1.44%

$0.000

Eliminated

International Full UCAF

1.54%

$0.000

Eliminated

International Standard

1.60%

$0.000

Eliminated

MC Intl Chip Electronic

1.10%

$0.000

Eliminated

MC Intl Chip Standard

1.60%

$0.000

Eliminated

MC Intl Cons Cv Super Premium

1.00%

$0.000

Eliminated

MC ITL CONSUMER CV PREMIUM

1.00%

$0.000

Eliminated

Intl Electronic Premium

1.85%

$0.000

Eliminated

MC Intl Chip Electronic Prem

1.85%

$0.000

Eliminated

Intl Full UCAF Premium

1.85%

$0.000

Eliminated

Intl Merchant UCAF Premium

1.85%

$0.000

Eliminated

Intl Cons Standard Premium

1.85%

$0.000

Eliminated

MC Intl Super Premium Standard

1.98%

$0.000

Eliminated

MC Intl Super Premium Merch Ucaf

1.98%

$0.000

Eliminated

MC Intl Super Premium Full Ucaf

1.98%

$0.000

Eliminated

MC Intl Super Premium Electronic

1.98%

$0.000

Eliminated

MC Intl Chip Standard Prem

1.85%

$0.000

Eliminated

INTL Rate I Digital Commerce Core

 

 

1.60%

$0.000

INTL Rate I Digital Commerce Premium

 

 

1.85%

$0.000

INTL Rate I Digital Commerce Super Premium

 

 

1.98%

$0.000

INTL Rate II Card Present Core

 

 

1.10%

$0.000

INTL Rate II Card Present Premium

 

 

1.85%

$0.000

INTL Rate II Card Present Super Premium

 

 

1.98%

$0.000

INTL Rate III Standard Core

 

 

1.60%

$0.000

INTL Rate III Standard Premium

 

 

1.85%

$0.000

INTL Rate III Standard Super Premium

 

 

1.98%

$0.000



Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay and Visa continuously update their interchange rate and  fee structures for specific categories. We will regularly communicate these updates on this page.

 

Updated April 2021 

 

Mastercard 

 

  • Effective August 1, 2021, Mastercard will reduce Standard and e-commerce consumer card categories. Details of the specific reductions are as follows

 

 

Current Interchange Rate

New Interchange Rate
 

April 2021

August 2021

Mastercard Interchange Category

% Rate

% Rate

MC Dom E-Commerce World

2.00%

1.90%

MC Dom E-Commerce Core

1.76%

1.67%

MC Dom E-Commerce Muse

2.39%

2.25%

MC Dom E-Commerce World Elite

2.24%

2.13%

MC Dom Standard World

2.30%

2.19%

MC Dom Standard Core

2.06%

1.96%

MC Dom Standard Muse

2.69%

2.54%

MC Dom Standard World Elite

2.54%

2.42%



Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay and Visa continuously update their interchange rate and fee structures for specific categories. We will regularly communicate these updates on this page.

 

UPDATED DECEMBER 2020

 

Interac

 

Effective April 1, 2021, the Interac Switch Fee assessment will increase from $0.0096 to $0.0101.

 

Discover

 

 Effective April 1, 2021, the Discover Network Authorization Fee will increase from $0 to $0.0214.


 Effective April 1, 2021, Discover will be implementing the following changes to domestic interchange rates.

 

     

Interchange Rate

Interchange Rate
     

October 2020

April 2021

Discover Interchange Category

Shrt Desc

Chg Type

% Rate

% Rate

Disc Can Dom Recurring Rewards

RECURE R

2717

1.45%

1.15%

Disc Can Dom Supermarket Rewards

SPRMRKT R

2718

1.42%

1.00%

Disc Can Dom Petroleum Rewards

PETROL R

2719

1.27%

1.00%

Disc Can Dom Retail Rewards

RETAIL R

2720

1.60%

1.15%

Disc Can Dom Base Rewards

BASE R

2723

1.72%

1.55%

Disc Can Dom Recurring Premium

RECURE P

2727

1.70%

1.30%

Disc Can Dom Supermarket Premium

SPRMRKT P

2728

1.65%

1.22%

Disc Can Dom Petroleum Premium

PETROL P

2729

1.50%

1.25%

Disc Can Dom Retail Premium

RETAIL P

2730

1.98%

1.30%

Disc Can Dom Base Premium

BASE P

2733

2.10%

1.82%

Disc Can Dom Recurring Prem Plus

RECURE PP

2737

2.10%

1.70%

Disc Can Dom Supermrkt PremPlus

SPRMRKT PP

2738

2.00%

1.64%

Disc Can Dom Petroleum Prem Plus

PETROL PP

2739

2.00%

1.64%

Disc Can Dom Retail Prem Plus

RETAIL PP

2740

2.25%

1.75%

Disc Can Dom Base Prem Plus

BASE PP

2743

2.60%

2.35%

Disc Can Dom Recurring Debit

RECURE D

2747

1.20%

0.45%

Disc Can Dom Supermrkt Debit

SPRMRKT D

2748

1.20%

0.35%

Disc Can Dom Petroleum Debit

PETROL D

2749

1.20%

0.35%

Disc Can Dom Retail Debit

RETAIL D

2750

1.20%

0.45%

Disc Can Dom Base Debit

BASE D

2753

1.20%

1.15%

Disc Can Dom Recurring Prepaid

RECURE PD

2757

1.49%

1.40%

Disc Can Dom Supermrkt Prepaid

SPRMRKT PD

2758

1.49%

1.43%

Disc Can Dom Petroleum Prepaid

PETROL PD

2759

1.49%

1.20%

Disc Can Dom Retail Prepaid

RETAIL PD

2760

1.49%

1.43%

Disc Can Dom Base Prepaid

BASE PD

2763

1.49%

1.55%

Disc Can Dom Recurring Comm

RECURECOM

2767

2.20%

2.00%

Disc Can Dom Supermarket Comm

SPRMRKTCOM

2768

2.15%

2.00%

Disc Can Dom Petroleum Comm

PETROLCOM

2769

2.15%

2.00%

Disc Can Dom Retail Comm

RETAILCOM

2770

2.25%

2.00%

Disc Can Dom Base Comm

BASE COM

2773

2.65%

2.00%

Disc Can Dom Credit Vchr1 Debit

CR VCHR1 D

2754

1.20%

1.10%

Disc Can Dom Cr Vchr1 Prepaid

CR VCHR1PD

2764

1.49%

1.58%

Disc Can Dom Credit Vchr1 Rewards

CR VCHR1 R

2724

1.72%

1.58%

Disc Can Dom Cr Vchr1 Premium

CR VCHR1 P

2734

2.10%

1.85%

Disc Can Dom Cr Vchr1 Prem Plus

CR VCHR1PP

2744

2.60%

2.49%

Disc Can Dom Credit Vchr1 Comm

CRVCHR1COM

2774

2.65%

2.00%

Disc Can Dom Credit Vchr3 Debit

CR VCHR3 D

2756

1.20%

1.15%

Disc Can Dom Cr Vchr3 Prepaid

CR VCHR3PD

2766

1.49%

1.32%

Disc Can Dom Credit Vchr3 Rewards

CR VCHR3 R

2726

1.42%

1.32%

Disc Can Dom Cr Vchr3 Premium

CR VCHR3 P

2736

1.65%

1.45%

Disc Can Dom Cr Vchr3 Prem Plus

CR VCHR3PP

2746

2.00%

1.96%

Disc Can Dom Credit Vchr3 Comm

CRVCHR3COM

2776

2.15%

2.00%

 

Visa

 

 Effective April 16, 2021, Visa will introduce new fees for data consistency and for excess re-attempts of transactions. Customers that re-attempt an authorization 15 times or more within a 30-day period, or that attempt a key-entered transaction with no Electronic Commerce Indicator (ECI) will be subject to the following fees:

 

$0.10 per attempt on a domestic transaction

 

$0.15 per attempt on a cross-border transaction

 

Effective April 16, 2020, the Visa International Acquirer Service Fee will increase for both Canadian currency and issuer (home) currency transactions based on the following:

 

Assessment Category

Shrt Desc

Chg Type

Current Rate

New Rate

Int'l Acq Service Fee

V IASF

217

0.4520%

0.6780%

Int'l Acq Service Fee - Issuer Currency

V IASF ISS

218

0.9040%

1.1300%

Int'l Cash Advance Acq Service Fee

CA IASF

219

0.4520%

0.6780%

Int'l Cash Acq Service Fee - Issuer Currency

CA IASFISS

220

0.4520%

1.1300%

INTL ACQ SERVICE CNP FEE   ISSUE

V IASF CNP

188

0.9605%

1.1300%

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay and Visa continuously update their fee structures for specific categories. We will regularly communicate these updates on this page.

Updated December 2019

Interac

Effective April 1, 2020

  • Switch fee assessment increases from $0.00904 to $0.009605

Mastercard

Effective May 1, 2020

    • 3D Secure (3DS) Assessment Fee Changes (per transaction):
      • 3DS MC Identity Check increases to $.05
      • 3DS 2.0 at 0.0113% + $0.113 (All 3D Secure transactions will receive this assessment)
      • 3DS Data Only (No issuer participation) at $0
    • Introducing a new Excessive Fraud Data Integrity fees for e-commerce transactions. Merchants who meet the following criteria are subject to compliance action and fees:
      • Minimum of 1,000 e-commerce transactions in clearing
      • Monthly fraud is greater than $50,000 USD
      • Monthly fraud is more than 50 bps
      • Penetration of 3DS and/or Data Only transactions is less 10% of total card-not-present volume
Card Brand Updates
    • Introduction of International Super Premium Categories in Canada:
      • IRD EE—Interregional Consumer Super Premium Electronic
      • IRD EF—Interregional Consumer Super Premium Full UCAF
      • IRD EM—Interregional Consumer Super Premium Merchant UCAF
      • IRD ES—Interregional Consumer Super Premium Standard
      • These will include the following products (GCMS Product ID): MCW, MWE, MDH, MDW, MNW, MUW, MWD, MWR, TCW, TNW, TWB, WBE, MBW, MBK, MWP, WPD, MFB, MFE, MSP. These will be defined as Commercial Non-Qual for tiered merchants
Card Brand Updates
    • Revised Interchange Programs in Canada:
      • Restructure of the Consumer Credit interchange programs. Complete replacement of prior program (including removal of the CFIB rates) with new structure. This includes 10 Interchange Categories and 4 card types. Muse is a new super premium card type being introduced for the first time. For tiered programs, Muse will be classified in the Commercial Non-Qual bucket. New and Revised Intracountry Interchange Programs:
Card Brand Updates
      • Revised interchange categories and rates on commercial programs
Card Brand Updates

Effective May 4th, 2020

  • Fixed Acquirer Access Fee change from 0.008% to $0.0103 per transaction

Visa

Effective April 1, 2020

    • International Acquirer Service Assessment Fee increases for both Canadian currency and Issuer (home) currency transactions
Card Brand Updates

Effective April 18, 2020

  • Reductions to Domestic Consumer Interchange Rates. Visa is introducing numerous rate changes to its existing interchange categories
  • Modifications to Interchange Categories:
    • Introduction of 3 new categories: Performance Program—CNP, Industry Program—Utilities (removed from Tier 1), Emerging Segments—Preferred
    • Elimination of 1 category (Performance Program—Tier 2)
    • Changes to Emerging Segment: removal of Electronic and Recurring, addition of Card Not Present to qualification criteria

Visa Domestic Interchange Rates

Card Brand Updates

Card brands including American Express, Discover, Interac, JCB, Mastercard, Union Pay and Visa continuously update their fee structures for specific categories. We will regularly communicate these updates on this page.

Updated June 2019

Visa

Effective October 18, 2019, the Merchant Category Code (MCC) 8661 – Religious Organizations – will be added to Visa’s Emerging Rate program. Emerging segment rates (which are lower than standard rates) will be available for transactions processed with this MCC.

Mastercard

  • Effective October 18, 2019, Mastercard will update its interchange rate for international refund/return transactions to:
    • 1.00% for transactions with consumer product codes
    • 1.80% for transactions with commercial product codes
  • Effective October 19, 2019, Mastercard will eliminate its Cross-Border, L2 and Large Ticket interchange categories. A summary of the eliminated charge types and the new charge types is available on the back side of this letter
  • Effective November 1, 2019, Mastercard will begin including credit transactions (e.g. refunds, returns) into its calculation of the Current Volume Assessment in Canada.
  • Effective November 4, 2019, Mastercard will introduce a Pre-Authorization Fee in Canada. A 0.05% fee will be added to authorizations that meet all of these conditions:
    • The authorization is processed through the Mastercard Network;
    • The authorization request is either fully or partially approved;
    • The authorization is coded as a pre-authorization; and
    • The authorization originates from a Canadian merchant account.
Card Brand Updates