On April 16, 2010, the federal government released the new “voluntary” Code of Conduct for the Credit and Debit Card Industry in Canada (the Code). The Code was created to address the concerns of merchants regarding some of the business practices of credit and debit card networks, issuers and acquirers.

Lucid Payments has adopted the Code and abides by the policies outlined to ensure compliance. The Code is incorporated in its contracts, pricing policies and overall business practices.

The purpose of the Code is to demonstrate the industry’s commitment to:

  • Ensuring that merchants are fully aware of the costs associated with accepting credit and debit card payments, thereby allowing merchants to reasonably forecast their monthly costs related to accepting such payments.
  • Providing merchants with increased pricing flexibility to encourage consumers to choose the lowest-cost payment option.
  • Allowing merchants to freely choose which payment options they will accept.

Click here for more information about the Code.

What our clients say about us

Payment Processing Articles

Visa Interchange Rates in Canada Are Changing, But Will Your Business Actually Save?

September 24 2026

Visa Interchange Rates in Canada Are Changing, But Will Your Business Actually Save?

What Do I Need to Know About the New Visa Interchange Rates in Canada? Visa is changing several domestic [...]

Read More ->

Where’s My Money? Why Payment Processors Hold Funds and Delay Deposits

August 24 2026

Where’s My Money? Why Payment Processors Hold Funds and Delay Deposits

Why Do Payment Processors Hold Funds and Delay Deposits? Payment processors may hold funds or delay deposits when transaction [...]

Read More ->

The Benefits of Mobile Payment Solutions for Tradespeople

May 26 2026

The Benefits of Mobile Payment Solutions for Tradespeople

How Can Tradespeople Benefit From Mobile Payment Solutions? Tradespeople can benefit from mobile payment solutions because they make it [...]

Read More ->

Let’s Simplify Your Payment Processing