Merchant Services Pricing

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In world of Various payment cards, Merchant Services pricing can be confusing. We believe you should know the true wholesale costs determined by banks and card brands.

Interchange Pricing is essentially the cost of wholesale for a credit card plus our Surcharge of 0.25%

Here are the Direct Wholesale Costs for VISA Cards

Here are the Direct Wholesale Costs for VISA Cards

Visa-InterchangeVisa Classic, Gold, PlatinumVisa-InfiniteVisa-Infinite
Privilege
Visa-Corporatevisa-Corporate Infinite PrivilegeExplanation
Electronic (chip transactions)1.42 %1.61 %2.08 %1.9 %2.1 %Cards accepted through Inserting-Chip and Tapping/Dipping-These Wholesale Costs are for most business types to accept Visa cards
Standard (keyed transactions)1.52 %1.71 %2.45 %2.0 %2.25 %Cards accepted through Keying in the Card-These Wholesale Costs are for business's that take payments as Card Not Present
Recurring (i.e., set-up via web terminal)1.37 %1.56 %1.95 %1.85 %2.0 %Cards accepted on a web-dashboard such as a virtual terminal on a schedule of: daily,weekly, bi-weekly, monthly, semi-annually- quarterly etc.
Everyday Need Rate Program 1.36 %1.54 %1.95 %1.9 %2.0 %Specific business's get a discount for accepting cards through visa through the Everyday Need program category (Note 1 Below)
Petroleum / Gas1.18 %1.37 %1.95 %1.8 %2.0 %Business's that sell gas products such as energy companies and gas-stations.
Supermarket1.23 %1.42 %1.95 %1.85 %2.0 %Business's that receive a high volume of transactional swipes such as supermarkets and markets qualify
Charity / Emerging0.98 %1.17 %1.95 %1.8 %2.0 %Charities and Non-Profits receive some of the lowest rates globally.
Here are the Direct Wholesale Costs for Mastercard

Here are the Direct Wholesale Costs for Mastercard

Master - InterchangeMaster-ConsumerMaster-High SpendMaster-Premium High Spend 
Electronic (chip transactions)1.3 %1.42 %1.86 %
Standard (keyed transactions)1.58 %2.19 %2.49 %
Contactless Transaction Fee (under $25 only)0.5 %0.6 %0.7 %
CFIB Special Interchange Rates1.26 %1.38 %1.9 %
Commercial2.0 %2.0 %2.0 %
Recurring (i.e., set-up via web terminal)1.3 %1.42 %1.86 %
Independent Business (see Note 1 )1.3 %1.42 %1.86 %
Charity / Emerging Sectors / Public Sectors1.0 %1.25 %1.5 %
Petroleum / Gas1.17 %1.3 %1.6 %
Supermarket1.22 %1.34 %1.6 %

NOTE 1:

Specific business’s get better discounts from, visa and mastercard and we pass on the savings to you. These fall into The MerchantCategory Code of Independent Business category and 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

 

View the True Wholesale Visa Acceptance Costs/Rates on the Visa.ca website HERE

View the True Wholesale Mastercard Acceptance Costs/Rates on the Mastercard.ca website HERE

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