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