Preferred CFIB rates

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As a CFIB member, you benefit from preferred rates on your VISA, Mastercard and Interac processing with Chase Paymentech1.  And, starting April 3, 2017, Chase Paymentech is committed to ensuring that 100% of the interchange savings are passed through to CFIB members who qualify for the CFIB’s special Mastercard rate.

+Visa and Mastercard

Merchant Discount Rates


Industry Specific Rates
(CDN $ Accounts)*



Consumer Electronic
(For most CDN $ Accounts)



Inclusive of special Mastercard
rate for CFIB members

Everyday Needs (Visa)
Everyday Spend (Mastercard)






U.S. $ Accounts


 Chase Mobile Checkout7

2.64%  2.43%

Additional Fees
(CDN and US $ Accounts)5

Assessment Fee


Acquirer License Fee6

 Processing Fee

Interchange Differential

Passed through at cost, as set by Visa and Mastercard

* For qualifying merchants as determined by Visa and Mastercard.


  • 5 ¢ per transaction.
  • Interac Switch fee included.
  • Interac Flash* $0.02-$0.035 Passed through at cost as set by Interac
  • No added "Network Fee"

*Added fee for contactless payment

+Other fees5

Other FeesCDN Dollar AccountsU.S. Dollar Accounts4
Monthly administration fee$3.95 
(regular $12.95) 
(regular $12.95) 
Account setup feesWaived$50.00
(waived if merchant has
$ CDN account)
Annual renewal feesWaived$25.00
(waived if merchant has
$ CDN account)
Visa/Mastercard application feeWaived$25.00 each
(waived if merchant has
$ CDN account)
Funds transfer fee or Push feeNoneNone
Visa/Mastercard transaction fee (each)None$0.20
Fee for a non Visa, Mastercard or Interac transaction (each)$0.08$0.25
Monthly minimum discount (for each of Visa and Mastercard)

(waived as of April 3rd, 2017)

Visa/Mastercard Fees for Transactions with cards not issued in Canada or in a foreign currency (passed through at cost by Chase Paymentech)Contact Chase Paymentech

+CFIB special Mastercard Rate

In addition to the exceptional rates negotiated with Chase Paymentech, CFIB has reached a historic deal directly with Mastercard to reduce the interchange fees they charge payment processors on CFIB transactions. This will not apply to the ‘Supermarket’ and ‘Petroleum’ categories as they already benefit from low rates. 

In a global first for a business association, Mastercard has agreed to recognize the collective buying power of CFIB’s 109,000 members.  Starting April 3, 2017, CFIB members can access Mastercard’s Tier 1 pricing otherwise reserved for a handful of Canada’s largest merchants that each process over $3 billion in annual Mastercard sales. This means that, for most CFIB member transactions (with category exceptions noted above), the interchange fees charged by Mastercard to the payment processor will be significantly reduced.  For example, on “basic” consumer electronic transactions, Mastercard will reduce its fees charged to the payment processor by 12.5%.  Similarly, the fees on some premium cards will fall as much as 22%.  Depending upon the nature of your business, card mix and of course volume of Mastercard transactions, this can add up to a lot of money each year.

If you are a Chase Paymentech customer on the CFIB plan, you don’t need to do anything to realize these savings.  Chase Paymentech will appropriately flag your transactions with Mastercard, and Chase Paymentech is committed to passing along the full value of the interchange savings to members who qualify for the CFIB special Mastercard rate.

As a CFIB member, if you are not already with Chase Paymentech for payment processing, now more than ever is a great time to switch.  Contact Chase Paymentech at 1 888 317-9535 to see how much you could save.  If you’re not a CFIB member, we invite you to join today!

Reminders about payment processing rates

  • Don’t only look at Merchant Discount Rates.
  • The way that each payment processor collects fees can vary greatly. For instance, there are no extra fees charged by Chase Paymentech when you close your batch at the end of the day or to deposit funds to your bank.  There is also no minimum monthly discount charged for Visa and Mastercard transactions as of April 2017.
  • Make sure you understand your Total Cost of Acceptance (TCA), which is the combined cost for all credit and debit fees including the administration and equipment charges.

Contact Chase Paymentech at 1 888 317-9535

Ask for a free, no obligation comparative analysis to see how much you can save by combining the CFIB special Mastercard rate, with the other preferred rates and conditions available exclusively to CFIB members from Chase Paymentech.

1. Members who wish to obtain payment processing services from Chase Paymentech must submit an application. All applications are subject to Chase Paymentech’s standard approval policies and procedures, including without limitation credit approval and entering into a Merchant Agreement with Chase Paymentech. Certain conditions apply. Proof of membership status with the Canadian Federation of Independent Business (CFIB) will be required.
2. This Merchant Discount Rate (“MDR”) applies to Canadian transactions that qualify at the Consumer Electronic Interchange Level (“Qualified Transactions”) as set by Visa and MasterCard. Your eligibility for a particular MDR rate is dependent on the nature of your business as determined by Visa and MasterCard. Contact Chase Paymentech Merchant Support at: 1 800 265-5158 for additional details.
3. This Merchant Discount Rate (“MDR”) applies to US transactions that qualify at the Foreign Consumer Standard Interchange Level (“Qualified Transactions”) only.  US Dollar transactions payable in USD.
4. For all Canadian and US transactions that are not Qualified Transactions (“Non Qualified Transactions”), you will be charged the applicable MDR, the difference in interchange (if interchange is higher) for processing the Non-Qualified Transaction and the Non-Qualified Transaction Processing Fee set out above. 
5. All fees and rates are subject to change as set out in the Merchant Agreement.
6. As of April 1st, 2016 this Acquirer License Fee applies to all MasterCard transactions. This fee will appear in the “Other Charges” section of your statement.
7. For all transactions processed on the Chase Mobile Checkout phone and tablet solution, the Non-Qualified Transaction Processing Fee will not apply.