Skip to main content
Canada
phone
Call us Log in Get started

Card Brand Updates

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.

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 2024

 

We wanted to make you aware that Visa and Mastercard are making several rate changes 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.

 

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

2962

V CNP PREPAID                   

V CNP PP  

2053

RECURRING PAYMENT - PREPAID CONS

RECPMT PPD

2949

V RESTAURANT PREPAID            

VRSTRNT PP

2950

V CHIP RESTAURANT PREPAID       

CPRSTRNTPP

2957

V EVERYDAY NEEDS PREPAID        

V EVRYDYPP

2958

V CHIP EVERYDAY NEEDS PREPAID   

CPEVRYDYPP

2063

SRVC STATION ELECTIONIC-PPD CONS

SRVC PPD  

2058

SERVICE STATION CHIP - PPD CONS 

SRVCCH PPD

2073

SUPERMARKET ELECTRONIC-PPD CONS 

SMKT PPD  

2068

SUPERMARKET CHIP - PREPAID CONS 

SMKT CHPPD

2895

EMERGING MRKT STANDARD PREPAID  

EMRGSTDPP 

2896

CHIP EMERGING MRKT STANDARD PP  

EMCHPSTDPP

2083

TIER 1 ELECTRONIC - PREPAID CONS

TIER 1 PPD

2078

TIER 1 CHIP - PREPAID CONS      

TR1CHP PPD

2123

NON-CHIP ELECT - PREPAID COMM   

ELCT PPD C

2128

CHIP ELECTRONIC - PREPAID COMM  

CHP PPD C 

2143

RECURRING PAYMENT - PREPAID COMM

RECPMTPPDC

2152

SRVC STATION ELECTIONIC-PPD COMM

SRVC PPD C

2148

SERVICE STATION CHIP - PPD COMM 

SRVCCHPPDC

2162

SUPERMARKET ELECTRONIC-PPD COMM 

SMKT PPD C

2157

SUPERMARKET CHIP - PREPAID COMM 

SMKTCHPPDC

2900

EMERGING MRKT STANDARD COMM PP  

EMRGSTDCPP

2901

CHIP EMERGE MRKT STND COMM PP   

EMCHSTDCPP

2172

TIER 1 ELECTRONIC - PREPAID COMM

TR 1 PPD C

2167

TIER 1 CHIP - PREPAID COMM      

TR1CH PPDC

 

  •       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

2120

NON-CHIP ELECTRONIC - BUSINESS  

ELECT BUS 

2125

CHIP ELECTRONIC - BUSINESS      

CHP ELCT B

2309

NON-CHIP ELECT INF PRVLG BUS    

ELECT IPB 

2315

CHIP ELECT INF PRVLG BUS        

CHPELECIPB

2140

RECURRING PAYMENT - BUSINESS    

RECPMT BUS

2290

RECURRING PAYMENT INF PRVLG BUS 

RECPMT IPB

2149

SRVC STATION ELECTRONIC-BUSINESS

SRVC BUS  

2145

SERVICE STATION CHIP - BUSINESS 

SRVC CHP B

2291

SERVICE STATION INF PRVLG BUS   

SRVC IPB  

2292

SERVICE STATION CHIP INFPRVLGBUS

SRVCCHPIPB

2159

SUPERMARKET ELECTRONIC-BUSINESS 

SMKT BUS  

2154

SUPERMARKET CHIP - BUSINESS     

SMKT CHP B

2293

SUPERMARKET ELECT INF PRVLG BUS 

SMKT IPB  

2294

SUPERMARKET CHIP INF PRVLG BUS  

SMKTCHPIPB

2410

EMERGING MRKT ELECT BUSINESS    

EMRG BUS  

2411

EMERGING MRKT CHIP - BUSINESS   

EMRGCHPBUS

2413

EMERGING MRKT CHIP STANDARD BUS 

EMCPSTDBUS

2414

EMERGING MRKT STANDARD BUS      

EMRGSTDBUS

21013

EMERMRKT CHIP STAND INF PRVLGBUS

EMCPSTDIPB

21014

EMERMRKT STAND INF PRVLGBUS     

EMRGSTDIPB

2169

TIER 1 ELECTRONIC - BUSINESS    

TIER 1 BUS

2164

TIER 1 CHIP - BUSINESS          

TR1 CHP B 

2298

TIER 1 ELECT INF PRVLG BUS      

TIER 1 IPB

2299

TIER 1 CHIP INF PRVLG BUS       

TR1CHP IPB

 

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

0.113%

$                -   

 

 

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