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 Type	Canada Visa Interchange Rates	Canada Mastercard Interchange Rates
Swipe/Chip Consumer	1.420 %	1.30 %
Swipe/Chip Infinite /High-Spend	1.610 %	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 Type	Canada Visa Interchange Rates	Canada Mastercard Interchange Rates
Keyed Consumer	1.520 %	1.65 %
Keyed Premium	1.710 %	2.29 %
Keyed Corporate	2.000 %	2.00 %
Keyed Infinite Privilege/Premium	2.450 %	2.79 %

Recurring Payments

Recurring payments are automatically scheduled payments through recurring billing software.

Card Type	Canada Visa Interchange Rates	Canada Mastercard Interchange Rates
Recurring Consumer	1.370 %	1.30 %
Recurring Infinite	1.560 %	1.42 %
Recurring Corporate	1.850 %	2.00 %
Recurring Infinite Privilege/High-Spend	1.950 %	1.86 %

Charities and Non-Profits

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

Card Type	Canada Visa Interchange Rates	Canada Mastercard Interchange Rates
Swipe/Chip/Keyed Consumer	0.980 %	1.00 %
Swipe/Chip/Keyed Infinite/High-Spend	1.170 %	1.25 %
Swipe/Chip/Keyed Corporate	1.800 %	2.00 %
Swipe/Chip/Keyed Infinite Privilege	1.950 %	1.50 %