American Express® Rates
CFIB MEMBER EXCLUSIVE
American Express® Rates through Chase® Merchant Services
For small businesses with up to $500,000 in annual American Express sales12
| CFIB Exclusive Rate (for qualified transactions*) |
LARGE TICKET SALES14 (additional fees for non-qualified transactions*) |
|||||
|---|---|---|---|---|---|---|
|
MDR14 |
Assessment Fee |
Total |
Threshold |
Differential15 |
NQTPF15 |
|
Most Industries13 |
1.68% |
0.12% |
1.80% |
>$500 |
0.40% |
0.25% |
|
Specified Industries: |
|
|||||
|
Restaurant |
>$200 |
0.80% |
0.25% |
|||
|
Prepaid |
>$200 |
0.40% |
0.25% |
|||
|
B2B/Wholesale |
>$1,000 |
0.40% |
0.25% |
|||
|
Travel & Entertainment |
>$1,000 |
0.80% |
0.25% |
|||
*Other fees may apply:
| Other fees | Amount | Description |
|---|---|---|
|
Card not Present Fee |
0.30% |
Applies to manually entered transactions |
|
International Card |
0.40% |
Applies to foreign issued card transactions |
|
Chargeback Processing Fee |
$10 |
Applies per occurrence |
| Examples |
|---|
|
#1) If a customer spends $50 at a restaurant, the merchant pays 1.80%. If they spend $250, the merchant pays 2.85%. |
|
#2) If a patient spends $350 for dental work, the dentist pays 1.80%. If they spend $700, the dentist pays 2.45%. |
®Registered trademarks of respective parties and used under license.
Footnotes
®: Used by Amex Bank of Canada under license from American Express.
1. Source: The Nilson Report # 1128 (March 2018). American Express transaction size derived as Canada year-end purchase volume divided by year-end purchase transactions. Average Non-American Express transaction equals $71 US ($92 CAD), includes Visa and Mastercard credit cards, and excludes Interac and debit volume and transactions. Purchase volume converted to Canadian dollars by dividing US figures by 0.771040667 (the average for the year, http://www.x-rates.com/average/?from=CAD&to=USD&amount=1.00&year=2017)
2. 1.8% fee includes a 1.68% Merchant Discount Rate (MDR) and 0.12% assessment fee. Total processing fee increases to 2.45% or 2.85% (depending upon industry) for large ticket transactions. See full rate table by visiting cfib.ca/chase. Rates applicable to businesses with less than $500,000 in total American Express sales. Certain conditions apply.