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Opening your business to higher-spending American Express customers2 is now more affordable and easy!
To help your business succeed, CFIB has harnessed the collective power of our 110,000 members to lower the cost of attracting American Express Cardmembers.
Through an exclusive offer with Chase® Merchant Services, CFIB members pay just 1.8% on most American Express transactions (1.68% plus a 0.12% assessment fee).1
Chase serves as a single point of contact for all of your payment processing3 and settles your American Express transactions at the same speed as your other credit cards. Plus you can choose to consolidate all your credit card transactions into a single deposit into your bank account. This helps you get paid faster, improving your cash flow.
Chase will also give you one statement with all of your monthly credit card transactions. This simplifies your accounting, so you can spend less time reviewing bank statements and more time focusing on achieving your goals.
Competitive rates
Enjoy exclusive CFIB member rates for all of your credit and debit card processing.
No cancellation fees
You can cancel anytime at no cost.
24/7 support
The Chase customer service team is available around the clock to answer your questions.
CFIB has long been a powerful force in negotiating with the government and credit card industry. We work to ensure that Canadian independent business get a fair and transparent deal when it comes to payment processing. Here’s what we have accomplished for you:
American Express® rates through Chase® Merchant Services
For eligible1 businesses with up to $500,000 in annual American Express volume3
CFIB Exclusive Rate |
|||
MDR5 |
Assessment Fee |
Total |
|
1.68% |
0.12% |
1.80% |
|
Large Ticket Sales5 |
|||
Threshold |
Differential6 |
NQTPF6 |
|
Most Industries4 |
>$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%. |