Feds Finally Reach Deal With Visa and Mastercard to Lower Interchange Fees for Small Businesses in Canada

Feds Finally Reach Deal With Visa and Mastercard to Lower Interchange Fees for Small Businesses in Canada

For many years, Canadian merchants have been forced to pay some of the highest interchange fees in the world. According to a Bank of Canada report, in 2018 alone, Canadian merchants paid more than $11 billion for the privilege of accepting credit card payments. But a new agreement between Visa, Mastercard, and the federal government

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Payment Processing Articles

Searching for the Cheapest Payment Processing? Why the New Year Is the Best Time to Weigh Your Options

December 18 2024

Searching for the Cheapest Payment Processing? Why the New Year Is the Best Time to Weigh Your Options

The first few weeks of the new year are always a great time for reflection, no matter who you [...]

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What You Need to Know to Spot Hidden Payment Processing Fees

November 25 2024

What You Need to Know to Spot Hidden Payment Processing Fees

No matter how you slice it, if you own a business, you’re going to need a payment processor. But [...]

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New Agreement Caps Interchange Fees for Some Small Businesses in Canada

October 21 2024

New Agreement Caps Interchange Fees for Some Small Businesses in Canada

As we’ve been saying since we started in this industry, Canadian businesses are paying way too much when it [...]

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