Interchange Rates in Canada for Payment Processing

Credit card processing Canadian interchange rates for Visa and MasterCard

What is interchange?

Interchange is the fee collected by credit card issuers on every transaction. These interchange rates in Canada are set by Visa and Mastercard and are mandatory for all credit card processors.  The tables below have a breakdown of the current Visa and Mastercard interchange rates in Canada. When you work with Clearly Payments, we help ensure you get the best interchange rates applied to your business.

Card Present Interchange Rates

A card present transaction is when you have the credit card and buyer in front of you, in person (i.e. payment terminals). Card present interchange rates tend to be lower because they are considered lower risk transactions. 

Card TypeCanada Visa Interchange RatesCanada Mastercard Interchange Rates
Swipe/Chip Consumer1.420 %1.30 %
Swipe/Chip Infinite /High-Spend1.610 %1.42 %
Swipe/Chip Corporate1.900 %2.00 %
Swipe/Chip Infinite Privilege/Premium2.080 %1.86 %

Keyed or Card Not Present Interchange Rates

A card not present (CNP) transaction is when you don’t have the buyer or credit card in front of you  (i.e. phone, ecommerce, etc). Card not present interchange rates tend to be a little higher because there is slightly more risk due to sales being over the phone or internet.

Card TypeCanada Visa Interchange RatesCanada Mastercard Interchange Rates
Keyed Consumer1.520 %1.65 %
Keyed Premium1.710 %2.29 %
Keyed Corporate2.000 %2.00 %
Keyed Infinite Privilege/Premium2.450 %2.79 %

Recurring Payments Interchange Rates

Recurring payments are automatically scheduled payments through recurring billing software. Recurring billing interchange rates are low because these are consistently repeating transactions that also tend to be lower transaction amounts, therefore are considered lower risk.

Card TypeCanada Visa Interchange RatesCanada Mastercard Interchange Rates
Recurring Consumer1.370 %1.30 %
Recurring Infinite1.560 %1.42 %
Recurring Corporate1.850 %2.00 %
Recurring Infinite Privilege/High-Spend1.950 %1.86 %

Charities and Non-Profits Interchange Rates

There are special interchange rates for charities and non-profit payment processing listed below. Make sure you get set up properly to take advantage of the low payment processing rates.

Card TypeCanada Visa Interchange RatesCanada Mastercard Interchange Rates
Swipe/Chip/Keyed Consumer0.980 %1.00 %
Swipe/Chip/Keyed Infinite/High-Spend1.170 %1.25 %
Swipe/Chip/Keyed Corporate1.800 %2.00 %
Swipe/Chip/Keyed Infinite Privilege1.950 %1.50 %
Dots for Clearly Payments

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