Interchange Rates in Canada

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 rates 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 TypeCanada Visa Interchange RatesCanada Mastercard Interchange Rates
Swipe/Chip Consumer1.420 %1.30 %
Swipe/Chip Infinite /High-Spend1.610 %1.42 %
Swipe/Chip Corporate 1.900 %2.00 %
Swipe/Chip Infinite Privilege/Premium 2.080 %1.86 %

Keyed or Card Not Present Interchange Rates

A card not present transaction is when you don’t have the buyer or credit card in front of you  (i.e. phone, ecommerce, etc)

Card TypeCanada Visa Interchange RatesCanada Mastercard Interchange Rates
Keyed Consumer1.520 %1.65 %
Keyed Premium1.710 %2.29 %
Keyed Corporate 2.000 %2.00 %
Keyed Infinite Privilege/Premium2.450 %2.79 %

Recurring Payments

Recurring payments are automatically scheduled payments through recurring billing software.

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

There are special rates for charities and non-profit payment processing listed below.

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

Get access to wholesale payment processing rates for a low fixed monthly fee. You can’t get cheaper credit card processing than this.