Overview
| Current Rate | NEW RATE | Relative Change | Effective Date | |
| Mastercard Consumer Electronic | 1.2696% | 0.9296% | -27% | July 31 |
| Visa Consumer Electronic | 1.4296% | 1.2596% | -12% | July 17 |
| Interac per Transaction Fee (includes 0.85¢ switch fee) |
5.0¢ | 3.0¢ | -40% | April 1 |
Detailed Rate Chart
MERCHANT DISCOUNT RATES
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| Industry specific Rates for CAD $ Accounts | Consumer Electronic (for most CAD $ Accounts) |
1.2596% | 0.9296% | 1.68% |
| (Visa*) Everyday Needs | 1.2096% | |||
| Grocery | 1.0096% | |||
| Petroleum | 1.0796% | |||
| US $ Account4 | 1.7796% | 1.7796% | N/A | |
| Kilobyte Fee per Settled Transaction in USA | N/A | $0.0089 | ||
| Cross Border Fee | 0.6000% | |||
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Additional Fees for |
Assessment/Network Fee | 0.1017% | 0.0904% | 0.12% |
| Acquirer License Fee | N/A | 0.007% | N/A | |
| Non-Qualified Transaction Processing Fee | 0.25% | |||
| Interchange Different/Wholesale Discount Differential | Passed through at cost, as set by Visa, Mastercard and American Express |
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| Per Transaction Fee | $0.0215 | Monthly Admin. Fee | $3.95 |
| Switch Fee | $0.0085 | ||
| Interac® Flash Added fee for contactless payment |
$0.02-$0.035 As set by Interac® |
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Chase has proven themselves as a long-term, trusted partner with CFIB, and our members not only enjoy great rates, but also:
- No hidden fees
- No cancellation fees
- 24/7 bilingual customer support
When comparing CFIB’s member-exclusive rates above with other payment processors, make sure you’re comparing apples to apples since other payment processors may add on other, sometimes hidden fees.
Finally, be careful of terminal leasing agreements. Chase rents its terminals on a monthly basis, so there are no long-term leasing contracts or penalties to upgrade or cancel your terminal rental. Many other processors will try to entangle you with long-term leasing contracts.
Not currently using Chase?
Want to know how much you could save by switching – give them a call.
It’s free and you have no obligation to switch.
Call Chase Merchant Services today: 1-888-317-9535
Footnotes for Chase Merchant Services
Footnotes for American Express