PRICING

Virtuous Payments is one of the North America’s leading payment providers, we’re proud of our achievements, passionate about our work and determined to live up to our reputation each and every day.

Credit Card Processing Interchange Rates

“Cost plus pricing”: We charge a wholesale cost and add a small surcharge.

The Payment card industry has over 1000’s of different payment cards, All of these cards are placed into seperate categories based on the type of business you operate.

Here is a overview of the wholesale costs of Payment cards

Rates for Most business’s

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Card Type Popularity Interchange Rate Card Brand Fee Virtuous Payments Cost Plus Pricing
Visa Swipe-Chip Consumer 38% 1.420% 0.094%   0.17% -0.30%
Visa Swipe-Chip Infinite 20% 1.610% 0.094%   0.17% -0.30%
Visa Swipe-Chip Corporate 5% 1.900% 0.094%   0.17% -0.30%
Visa Swipe-Chip Privilege 1% 2.080% 0.094%   0.17% + 0.30%
MasterCard Swipe-Chip Consumer 14% 1.440% 0.1072%   0.17% + 0.30%
MasterCard Swipe-Chip Hight-Spend 18% 1.770% 0.1072%   0.17% -0.30%
MasterCard Swipe-Chip Corporate 3% 2.000% 0.1072%   0.17% + 0.30%
MasterCard Swipe-Chip Premium 1% 2.060% 0.1072%   0.17% + 0.30%

Everyday needs and independant business rates

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Canadian Interchange Classic, Gold, Platinum In Finite In Finite Privilege Corporate Corporate In Finite Privilege
Everyday Need Rate Program(Note1) 1.36% 1.54% 1.95% 1.90% 2.00%

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Canadian Interchange Consumer Hight Spend Platinum Hight Spend
Independent Business (see Note1) 1.38% 1.53% 1.90%

The MerchantCategory Code (MCC) that may apply for the Independent Business in Everyday Spend Category are as follows:

LIMOUSINES
AND TAXICABS
BOOKS PERIODICALS AND NEWSPAPERS
HOME SUPPLY WAREHOUSE STORES
HARDWARE STORES
LAWN AND GARDEN SUPPLY STORES
VARIETY STORES
FREEZER LOCKER MEAT PROVISIONERS
DAIRY PRODUCTS STORES
BAKERIES
MISC FOOD STORE-CONVENIENCE MRKT SPLTY VENDNGMACS
ALTERATIONS MENDING SEAMSTRESSES TAILORS
DRUG STORES PHARMACIES

EATING PLACES RESTAURANTS
FAST FOOD RESTAURANTS
BOOK STORES
NEWS DEALERS AND NEWSSTANDS
PET SHOPS – PET FOODS AND SUPPLIES
CLEANING GARMENT AND LAUNDARY SERVICES
LAUNDRY SERVICES – FAMILY AND COMMERICAL
DRY CLEANERS
BARBER AND BEAUTY SHOPS
HAT CLEANING SHOPS SHOE REPAIR SHOPS SHOE SHINE
AUTOMOBILE PARKING LOTS AND GARAGES
CAR WASHES

To learn more about wholesales interchange costs associated to accept cards click here