Interchange rates in Canada
Interchange is the wholesale price of using credit cards collected by the customer's credit card bank (the card issuer). Each card type and charge method (i.e. swipe) has an interchange rate. These rates are set by Visa and MasterCard and everyone pays them, even big box retailers like Walmart. We use interchange plus pricing, also known as cost plus pricing, because it's the most fair and transparent for merchants. Our super low interchange plus pricing is added to the interchange rates below. Our mission is to drive down the price for merchants to accept credit cards, so we keep them low.
Interchange rates for Visa and MasterCard (MC)
| Card Type | Charge Method | Visa Interchange | MasterCard Interchange |
| Consumer (Visa and MC) | Swipe, tap, or chip/pin | 1.42% | 1.3% |
| Infinite (Visa) High-Spend (MC) | Swipe, tap, or chip/pin | 1.61% | 1.42% |
| Corporate (Visa and MC) | Swipe, tap, or chip/pin | 1.9% | 2% |
| Infinite Privilege (Visa) High-Spend World Elite (MC) | Swipe, tap, or chip/pin | 2.08% | 1.86% |
| Consumer (Visa and MC) | Keyed | 1.52% | 1.58% |
| Infinite (Visa) High-Spend (MC) | Keyed | 1.71% | 2.19% |
| Corporate (Visa and MC) | Keyed | 2% | 2% |
| Infinite Privilege (Visa) High-Spend World Elite (MC) | Keyed | 2.45% | 2.49% |
| Consumer (Visa and MC) | Recurring or Subscription | 1.37% | 1.3% |
| Infinite (Visa) High-Spend (MC) | Recurring or Subscription | 1.56% | 1.42% |
| Corporate (Visa and MC) | Recurring or Subscription | 1.85% | 2% |
| Infinite Privilege (Visa) High-Spend World Elite (MC) | Recurring or Subscription | 1.95% | 1.86% |
| Consumer (Visa and MC) | Charity or non-profit using any method | 0.98% | 1% |
| Infinite (Visa) High-Spend (MC) | Charity or non-profit using any method | 1.17% | 1.25% |
| Corporate (Visa and MC) | Charity or non-profit using any method | 1.8% | 2% |
| Infinite Privilege (Visa) High-Spend World Elite (MC) | Charity or non-profit using any method | 1.95% | 1.5% |
Assessments and Association Fees
| Fee Type | Visa | MasterCard |
| Card-Brand | 0.1017% | 0.0904% |
| Cross-Border (CAD) | 0.4520% | 0.6780%` |
| Cross-Border (USD) | 0.9020% | 1.1300% |
Read our Pricing FAQ if you have more questions about payment processing pricing or if you're simply bored one evening.