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Best rates for small businesses

Recognizing the combined buying power of CFIB’s 110,000 members who generate over $3 billion annually in Mastercard sales, Mastercard has agreed to match its top-tier rates for CFIB members. This applies to the core electronic rate and some premium cards!

These special rates are in addition to the exceptional payment processing rates already provided to CFIB members by Chase. 

Find out what you can save!
  • Enjoy lower rates on all card types
  • Available through most credit card processors
  • Exclusive to CFIB members since 2017

or contact your existing payment processor

How do you get the special Mastercard rate?

This special rate is available exclusively to CFIB members, through all credit card processors in Canada who meet Mastercard’s requirements.

One of those processors is Chase Merchant Services, CFIB’s trusted partner for payment processing, which offers CFIB members preferred rates on payment processing services. Chase Merchant Services is the only payment processor with an exclusive service and pricing agreement with CFIB and is committed to passing 100% of interchange savings through to our members who qualify for the CFIB special Mastercard rate.

The CFIB special Mastercard rate is available through all credit card processors in Canada who meet Mastercard’s requirements.

In addition to Chase, CFIB has confirmed that the following payment processors will support our rate:

  • Elavon
  • First Data
  • Global Payments
  • Moneris
  • TD Merchant Solutions
  • Bank of America Merchant Services Canada

Please note that CFIB does not have direct partnership agreements with these processors. As a result, to get the lower rate, you will need to contact your processor and provide your CFIB membership ID number. At this time, we are unaware if Desjardins (Monetico) and some other processors intend to offer the special Mastercard rate to CFIB members. Please contact your processor to learn more about their plans.

Already signed up to the CFIB program with Chase Merchant Services?

If so, you have automatically received these savings since April 3rd, 2017.

Or contact us at 1-888-234-2232 or e-mail [email protected]

Associations and Franchise groups

To get CFIB’s Mastercard and Chase Merchant Services special rates for your association members or franchise group, contact Michael Kirwin at [email protected] or 1-888-234-2232.

How we got here

CFIB has long been a powerful force in negotiating with government and the credit card industry, working to ensure independent business in Canada get a fair and transparent deal when it comes to payment processing. We pushed for:

  • The introduction of the Credit and Debit Card Code of Conduct,
  • A reduction of Visa and Mastercard interchange rates to an average of 1.5% and a 5-year freeze on rate increases.
  • Negotiated preferred rates and special terms with Chase Merchant Services for CFIB members as part of our Savings Programs. 
And now, CFIB members can enjoy the benefit of Mastercard’s highest volume rates.

"This new agreement with Mastercard is a big deal for small business,” said Dan Kelly, President of CFIB. "It gives members access to transaction rates that reflect their combined sales of more than $3 billion, and lowers their cost of acceptance. This is a significant step forward in Canada’s payment industry and serves as an important sign of progress in the relationship between payment companies, like Mastercard, and smaller merchants.”