Save with Chase and CFIB - Retail

Save time and money with CFIB

Are you paying too much to get paid? Are processing fees eating into your profit margins?

The Canadian Federation of Independent Business (CFIB) has negotiated exceptional rates on Visa, Mastercard, American Express and Interac processing for our members! Exclusive to Chase Merchant Services, these rates can save members up to $1100/year on their processing fees!

Plus, with Chase you’ll also enjoy:

No sign-up fees.
Credit and debit deposits in your account by next business day
No cancellation fees – you can cancel at anytime.

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If you’d like to learn more about how CFIB can support your success, fill out the form below.

Your Chase credit and debit card rates, exclusive to CFIB members:

Potential Savings

	Your annual credit card volume is	Your current merchant discount rate (MDR) for both Mastercard and Visa combined is	Potential annual savings (calculated based on difference in merchant discount rate only)
Visa	$250,000	1.65%	$691
Visa	$250,000	1.50%	$316
Mastercard	$400,000	1.65%	$1,106
Mastercard	$400,000	1.50%	$506

Visa & Mastercard

		Visa	Mastercard
		Merchant Discount Rates
Industry Specific Rates (CDN $Accounts)*	Consumer Electronic	1.4296%⁵	1.2696%⁵
	Everyday Needs(Visa)	1.3696%	1.2696%⁵
	Everyday Spend(Mastercard)	1.3696%	1.2696%⁵
	Grocery	1.2396%	1.2296%
	Gas	1.1896%	1.1796%
	U.S. $ Accounts	1.7796%⁶	1.7796%⁶
Additional Fees (CDN and US $ Accounts)⁸	Assessment Fee	0.0904%	0.0904%
	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

	MDR¹³	Assessment Fee	Total	Threshold	Differential¹⁴	NQTPF¹⁴
	CFIB Exclusive Rate (for qualified transactions*)			LARGE TICKET SALES¹³ (additional fees for non-qualified transactions*)
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

4.2 ¢ per transaction.
Interac Switch fee: 0.8 ¢
Interac Flash fee* $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 3^rd 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

Footnotes

^{Customers 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 CFIB will be required.}

^{The potential savings is based on the following assumptions:

• You are currently priced using a merchant discount rate pricing methodology

• All other processing rates and fees (including Non-Qualified Transaction Processing Fee, terminal rental fees, assessment fees, and monthly administrative fees) are equal

• The mix of card types (for example, rewards, partner, business, etc.) you accept remains the same

• 65% of your credit transactions are from Visa cards, and 35% are from Mastercard cards

• This compares your current Merchant Discount Rate to Chase’s CFIB Visa MDR of 1.4296% and Mastercard MDR of 1.2696%}

In business for your business. Since 1971.

With over 110,000 members, the Canadian Federation of Independent Business is the largest Canadian organization dedicated exclusively to your interests as an independent business owner.

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