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Save on your payment processing fees

Exclusive members-only pricing

Chase Merchant Services, as CFIB’s trusted partner for payment processing and one of Canada’s leading providers, is offering CFIB members exclusive pricing on a range of payment services.

Take advantage of preferred rates on credit and debit card acceptance, point-of-sale terminals, and other payment solutions.1 Chase offers solutions for your business, whether you accept payments online, in-store, or on the go. 

Find out how much you can save: Call 1-888-317-9535

Find out what you can save!
  • Great rates including CFIB’s exclusive Mastercard and American Express deals
  • No sign up fees and no cancellation fees
  • Free cost comparison to see how much you can save
Attract higher-spending American Express® Card members for up to 50% less

To help you grow your business, we have harnessed the collective power of our 110,000 members to make it significantly more affordable and easy for you to attract higher-spending2 American Express Card members.

CFIB members pay just 1.8%3 on most Amex card transactions, meaning many can now save as much as 50% on Amex sales. This rate is exclusive to CFIB members and only available through Chase® Merchant Services.

You also don’t need to worry about dealing with multiple statements and payments deposited at different times. Chase serves as a single point of contact for all of your payment processing, which means that your Amex transactions will be settled at the same time as your other credit card transactions. This allows you to get paid faster and improve your business’ cash flow.

Take advantage of CFIB’s negotiated Mastercard rates

Mastercard has agreed to provide CFIB members with its top tier rates, usually reserved for billion-dollar corporations. For example, on basic consumer electronic transactions, Mastercard will reduce its fees charged to the payment processor by 12.5%. Meanwhile, the fees on some premium cards will fall by as much as 22%. This can amount to huge savings each year. 

Chase is committed to passing 100% of the interchange savings through to CFIB members who qualify for CFIB’s special Mastercard rate. 

If you are a Chase customer on the CFIB plan, you don’t need to do anything. Chase will flag your transactions with Mastercard and pass along the full value of the interchange savings.

No sign-up fees and no cancellation fees

Chase does not charge an application fee when you join. You can also cancel anytime, with no cancellation fees. 

Terminal set-up fees do apply for terminals and other payment solutions.

Comparing your current fees?

Let Chase show you what you could be saving with a cost comparison of CFIB members rates to your current payment processing.

Your total payment acceptance cost is more than just an advertised rate.

Find the solution for you

Whether you want to process payments from your mobile device or your countertop, Chase has you covered. Speak with a Chase representative today to discuss the right solution for your business. Call 1-888-317-9535.

Preferred CFIB Rates

As a CFIB member, you benefit from preferred rates on your Visa, Mastercard, American Express and Interac processing with Chase4.

Find out how much you can save: Call 1-888-317-9535

Visa & Mastercard
  Merchant Discount Rates
Visa Mastercard
Industry Specific Rates (CDN $Accounts)*

Consumer Electronic

1.44%5

1.28%5

Everyday Needs(Visa)

1.38%

1.28%5

Everyday Spend(Mastercard)

1.38%

1.28%5

Grocery

1.25%

1.24%

Gas

1.20%

1.19%

 

U.S. $ Accounts

1.79%6

1.79%6

Chase Mobile Checkout10

2.64%

2.43%

Additional Fees (CDN and US $ Accounts)8

Assessment Fee

0.08%

0.08%

Acquirer License Fee9

N/A

0.007%

Non-Qualified Transactions Processing Fee

0.25%7

0.25%7

Interchange Differential

Passed through at cost, as set by Visa and Mastercard

Passed through at cost, as set by Visa and Mastercard

* For qualifying merchants as determined by Visa and Mastercard
American Express®

CFIB MEMBER EXCLUSIVE

American Express® Rates through Chase® Merchant Services

For small businesses with up to $500,000 in annual American Express sales11

 

  CFIB Exclusive Rate
(for qualified transactions*)
LARGE TICKET SALES13
(additional fees for non-qualified transactions*)

MDR13

Assessment Fee

Total

Threshold

Differential14

NQTPF14

Most Industries12

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.

Interac
  • 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 Fees
Other Fees CDN Dollar Accounts U.S. Dollar Accounts

Monthly administration fee

$3.95 (regular $12.95)

$3.95 (regular $12.95)

Account setup fees

Waived

$50.00 (waived if merchant has $ CDN account)

Annual renewal fees

Waived

$25.00 (waived if merchant has $ CDN account)

Visa/Mastercard application fee

Waived

$25.00 (waived if merchant has $ CDN account)

Funds transfer fee or Push fee

None

None

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)

$8.00 (waived as of April 3rd 2017)

$20.00

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

Contact Chase

Contact Chase

POS Terminal and Mobile Fees

Whether you need a compact and robust POS device for your countertop, short-range wireless for Pay-at-the-Table convenience, or you require long-range processing on the go, Chase has a terminal to fit your business - all with preferred pricing for CFIB members.

Phone & Tablet Solutions
Chase Mobile Checkout*

Card Reader Fee

$0 one free card reader

$70 per additional card reader

One-time Fee

$0

Chase Checkout Mobile Plus

Card Reader Fee

$19.95 Monthly Rental Fee

One-time Fee

$0

* For all transactions processed on the Chase Mobile Checkout phone and tablet solution, the Non-Qualified Fee will not apply. Please see Rates section for rates details.
† Price per device/service, per month, plus applicable taxes. Product availability and pricing are subject to change at any time without notice.
Countertop*
Ingenico ICT220 with IPP320 PIN pad

Monthly Rental Fee

$33.95

One-time Set-up Fee/Terminal

$25

VeriFone VX820 Duet

Monthly Rental Fee

$30.95

One-time Set-up Fee/Terminal

$25

VeriFone VX520 with VX820 PIN pad

Monthly Rental Fee

$33.95

One-time Set-up Fee/Terminal

$25

* Terminals may not be exactly as shown.
† Price per device/service, per month, plus applicable taxes. Product availability and pricing are subject to change at any time without notice.
Short and Long-Range Wireless (Includes Airtime)*
Ingenico IWL220 Bluetooth Communication Base (Short Range)

Monthly Rental Fee

$42.95

One-time Set-up Fee/Terminal

$25

Ingenico IWL220 Bluetooth Communication Base (Long Range)

Monthly Rental Fee

$38.95

One-time Set-up Fee/Terminal

$25

Ingenico IWL250 3G (Long Range)

Monthly Rental Fee

$62.95

One-time Set-up Fee/Terminal

$75

* Terminals may not be exactly as shown.
† Price per device/service, per month, plus applicable taxes. Product availability and pricing are subject to change at any time without notice.
Other Fees
Other Fees Monthly Rental Fee One-time Set-up Fee/Terminal

Touch Tone Capture

$5.95

N/A

Imprinter

$5.95

N/A

† Price per device/service, per month, plus applicable taxes. Product availability and pricing are subject to change at any time without notice.
Hosted Checkout

Hosted Checkout

Do you currently process payments online? Or, are you building an e-commerce site and require a straightforward way to accept payments?

Chase Merchant Services Hosted Checkout is a customizable, bilingual friendly, consumer-facing hosted payment page that integrates with your website and provides your customers with a secure PCI compliant checkout experience.

Better yet, as a CFIB member and Chase Merchant Services client you receive preferred pricing to help you begin turning browsers into buyers in a cost effective fashion.

Features

  • PCI DSS Level 1 certified
  • Robust 128-bit SSL encryption
  • Integrated fraud protection with Verified by Visa and MasterCard Secure Code
  • Integrates with major shopping cart software
  • Advanced Editor enables merchants to configure and maintain their payment page in real time
  • No static templates to update
  • Detailed online reporting and analytics

Supported methods of payment

  • All major credit cards
  • Interac Online
  • Visa Debit
  • PayPal may be added to your Hosted Checkout page*

Technical requirements

  • Hosted Checkout account
  • PC or Macintosh
  • Internet access
  • Web browser (i.e. Microsoft Explorer)
  • Valid email address

Price

 

CFIB Members Rate

Set-up

$69.95

Monthly Admin Fee

$29.95

Transaction Fee

$0.10

* Rates charged in addition to Mastercard, Visa and Interac payment processing rates

 

Chase Merchant Services offers many other e-commerce solutions. They can help you accept Interac Online or Visa Debit at preferred rates. They also offer the Orbital Payment Gateway.

Footnotes
1. Members who wish to obtain payment processing services from Chase must submit an application. All applications are subject to Chase’s standard approval policies and procedures, including without limitation credit approval and entering into a Merchant Agreement with Chase. Certain conditions apply. Proof of membership status with the Canadian Federation of Independent Business (CFIB) will be required.
2. In 2016, the average American Express® transaction was $169 versus the average Non-American Express® credit card transaction of $94. Source: The Nilson Report # 1,106 (March 2017). American Express transaction size derived as Canada year-end purchase volume divided by year-end purchase transactions. Average Non-American Express transaction equals $70 US ($94 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 0.7450815.
3. 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 below. Rates applicable to businesses with less than $500,000 in total American Express sales. Certain conditions apply. ®Registered trademarks of their respective parties and used under license.
4. Members who wish to obtain payment processing services from Chase must submit an application. All applications are subject to Chase’s standard approval policies and procedures, including without limitation credit approval and entering into a Merchant Agreement with Chase. Certain conditions apply. Proof of membership status with the Canadian Federation of Independent Business (CFIB) will be required.
5. 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 Merchant Support at: 1 800 265-5158 for additional details.
6. 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.
7. 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.
8. All fees and rates are subject to change as set out in the Merchant Agreement.
9. 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.
10. For all transactions processed on the Chase Mobile Checkout phone and tablet solution, the Non-Qualified Transaction Processing Fee will not apply.
11. Members who wish to obtain payment processing services from Chase Merchant Services must submit an application. All applications are subject to Chase's standard approval policies and procedures, including without limitation credit approval and entering into a Merchant Agreement with Chase Merchant Services. Certain conditions apply. Proof of membership status with the Canadian Federation of Independent Business (CFIB) will be required. Contact Chase Merchant Services at 1-888-317-9535 for additional details.
12. Most Industries includes: Retail, Healthcare, Professional Services, Mailorder & Internet and Others not specified.
13. The Merchant Discount Rate (MDR) is based on American Express Industry segments that group merchant category code and tiers based on transaction amount (threshold).

14. Non-Qualified Transactions are transactions that do not qualify at the threshold established by Amex (Non-Qualified Transactions). For processing a Non-Qualified Transaction, you will be charged the MDR, the Assessment Fee, the Differential and the Non-Qualified Transaction Processing Fee (NQTPF).

 

Visit Chase Merchant Services page for information on payment processing.