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