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Get more savings when you sign up with Chase

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As a CFIB member and Scotiabank customer, there are more annual savings waiting for you when you process payments with Chase® Merchant Services¹.

When you sign up for Chase, you can take advantage of waived card transaction deposit fees². 

You could save:

$520/year on card transaction deposit fees 
if you make one credit and one debit deposit per day, five days a week

Plus, Chase offers members:
•    Credit and debit deposits in your account by next business day³!
•    No cancellation penalties⁴ and no minimum transaction charges for the cards you accept.
•    Outstanding low rates and processing fees – see below.

Visa & Mastercard
  Merchant Discount Rates
Visa Mastercard
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

Chase Mobile Checkout10

2.64%

2.43%

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

 

  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

As a member of CFIB banking with Scotiabank, you’re already saving on waives fees and preferred rates. Why stop there?

Call Chase at 1-866-887-3313 or fill out the form below

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. These savings apply if you deposit two transactions per day. Fees are waived for Chase customers using the Scotiabank Right Size Account for business. The Basic Business Account is excluded. Customers are subject to a transaction fee for each of their Visa, Mastercard and Interac deposit transactions if they process payments with a service provider other than Chase. The total savings is based on a $1 transaction fee daily for separate credit and Interac deposits.
3. Next-day funding is available to Chase customers for Visa, Mastercard, Amex OptBlue and Interac card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.
4. No cancellation fees on standard agreements with Chase Merchant Services.
5. Eligibility for benefits will depend on the products you select and may be subject to additional terms and conditions.
6. 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.
7. 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.
8. 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.
9. All fees and rates are subject to change as set out in the Merchant Agreement.
10. 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.
11. For all transactions processed on the Chase Mobile Checkout phone and tablet solution, the Non-Qualified Transaction Processing Fee will not apply.
12. 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.
13. Most Industries includes: Retail, Healthcare, Professional Services, Mailorder & Internet and Others not specified.
14. The Merchant Discount Rate (MDR) is based on American Express Industry segments that group merchant category code and tiers based on transaction amount (threshold).
15. 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).