Interchange Rates

Interchange, also known as IC or IRF, is the amount that Acquirers such as First Data Canada are required to pay Card Issuers by way of the Payment Card Networks such as Visa, MasterCard and Discover for each credit or debit card transaction you process. Interchange rates are set and regulated by the Payment Card Networks and can vary by method of acceptance, the type of business accepting cards (MCC), type of card, whether it is face-to-face, or many other variables.
For detailed descriptions of the rates and descriptions, refer to the VisaMasterCardDiscover Rates in the tables below.

Mastercard Interchange Rates

Mastercard Canada Consumer Credit Interchange Rates Current Rates Future Rate Effective 
May 1, 2019
Current Rates Future Rate Effective
May 1, 2019
Current Rates Future Rate Effective
May 1, 2019
Interchange Program Core Core World World World Elite World Elite
Volume Tier 1 (3 billion) 1.26% 1.26% 1.38% 1.38% 1.82% 1.82%
Volume Tier 2 (1 billion) 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
Volume Tier 3 (400 million) 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
Supermarket (5411 - 3 billion) 1.22% 1.22% 1.34% 1.34% 1.60% 1.60%
Supermarket (5411) 1.22% 1.22% 1.34% 1.34% 1.60% 1.60%
Independent Business 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
Petroleum 1.17% 1.17% 1.30% 1.30% 1.60% 1.60%
Contactless (less than $25)  $                        0.05  $                     0.05  $                           0.06  $                           0.06  $                           0.07  $                           0.07
Electronic 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
Recurring Payments 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
SecureCode-enabled 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
MassPass 1.30% 1.30% 1.42% 1.42% 1.86% 1.86%
Charity 1.00% 1.00% 1.25% 1.25% 1.50% 1.50%
Emerging Sectors 1.00% 1.00% 1.25% 1.25% 1.50% 1.50%
Public Sector 1.00% 1.00% 1.25% 1.25% 1.50% 1.50%
Utilities  $                        0.10  $                     0.10  $                           0.10  $                           0.10  $                           0.10  $                           0.10
Standard 1.58% 1.65% 2.19% 2.29% 2.49% 2.79%

 

Mastercard Canada Consumer and Commercial Prepaid Interchange Rates
Electronic 1.44%
Standard 1.55%

 

Mastercard Canada Commercial Interchange Rates
All  Products
Commercial Standard Rate 2.00%
Commercial Charity 1.80%
Large Market Products Only
Data Rate 1 1.80%
Data Rate 2 1.40%
Large Ticket 1.20%

 

Mastercard Canada International Interchange Rates
Consumer Cards Core Premium
Standard 1.60% 1.85%
Electronic 1.10% 1.85%
SecureCode Merchant 1.44% 1.85%
SecureCode Merchant and Cardholder 1.54% 1.85%

 

Commercial
Standard Rate 2.00%
Electronic Rate 1.85%
Large Market Product - Data Rate 1 2.00%
Large Market Product - Data Rate 2 1.70%
Large Market Product - Large Ticket 0.90% + $30 (USD)

Visa Interchange Rates

 

Visa Canada Consumer Credit Interchange Rates Current Rates
Interchange Program Classic/Gold/Platinum Infinite Visa Infinite Privilege
Standard 1.52% 1.71% 2.45%
Electronic 1.42% 1.61% 2.08%
Card Not Present 1.52% 1.71% 2.45%
Performance Program - Tier 1 1.32% 1.52% 1.95%
Performance Program - Tier 2 1.36% 1.54% 1.95%
Industry Program - Everyday Needs 1.36% 1.54% 1.95%
Industry Program - Gas 1.18% 1.37% 1.95%
Industry Program - Grocery and Food Retail 1.23% 1.42% 1.95%
Recurring Payments 1.37% 1.56% 1.95%
Emerging Segments 0.98% 1.17% 1.95%

 

Visa Canada Consumer Debit Interchange Rates
Interchange Program All Cards
Standard 1.15%
Electronic 0.25% + $0.05
Performance Program - Tier 1 0.15% + $0.05
Performance Program - Tier 2 0.15% + $0.05
Industry Program - Gas 0.15% + $0.05
Industry Program - Grocery 0.15% + $0.05
Recurring Payments 0.60%
Emerging Segments 0.60%

 

Visa Canada Business Credit Interchange Rates
Interchange Program Business Visa Infinite Business
Standard 2.00% 2.25%
Electronic 1.90% 2.10%
Performance Program - Tier 1 1.80% 2.00%
Performance Program - Tier 2 1.85% 2.00%
Industry Program - Gas 1.80% 2.00%
Industry Program - Grocery 1.85% 2.00%
Recurring Payments 1.85% 2.00%
Emerging Segments 1.80% 2.00%
     
Visa Canada Corporate and Purchasing Credit Interchange Rates
Interchange Program Corporate Purchasing
Standard 2.00% 2.00%
Electronic 1.90% 1.90%
Enhanced Data - Fuel 1.80% 1.80%
Enhanced Data - Level 2 1.60% 1.60%
Enhanced Data - Level 3 1.40% 1.40%
Large Ticket (STP) - $7,000 - $15,000 1.30% + $35 1.30% + $35
Large Ticket (STP) - $15,000 - $50,000 1.20% + $35 1.20% + $35
Large Ticket (STP) - $50,000 + 1.10% + $35 1.10% + $35
     
Visa Canada Prepaid  Interchange Rates
Interchange Program Consumer Prepaid Commercial Prepaid
Standard 1.52% 2.00%
Electronic 1.42% 1.90%
Card Not Present 1.52% N/A
Performance Program - Tier 1 1.32% 1.80%
Performance Program - Tier 2 1.36% 1.85%
Industry Program - Everyday Needs 1.36% N/A
Industry Program - Gas 1.18% 1.80%
Industry Program - Grocery N/A 1.85
Industry Program - Grocery and Food Retail 1.23% N/A
Recurring Payments 1.37% 1.85%
Emerging Segments 0.98% 1.80%
   

 

Visa Canada International Interchange Rates

Classic/Gold/Platinum

Visa Signature / Premium Visa Signature Preferred / Visa Infinite All Commercial Products
Interchange Program
Standard 1.10% 1.80% 1.97% 2.00%
Electronic 1.60% 1.80% 1.97% 2.00%

 

Chip Incentive Rates
Full Chip Data Device with PIN 1.10% 1.80% 1.97% 2.00%
Full Chip Data Device 1.10% 1.80% 1.97% 2.00%
Acquirer Chip (Chip Terminal & Magnetic-stripe Card) 1.00% 1.80% 1.97% 2.00%
Issuer Chip (Magnetic-stripe Terminal & Chip Card) 1.10% 1.80% 1.97% 2.00%
Secure eCommerce Incentive Rate
Secure eCommerce Transaction 1.44% 1.80% 1.97% 2.00%

 

Discover Interchange Rates

 

Discover Canada Consumer Credit Interchange Rates Core Reward Premium Premium Plus
Interchange Program Rate Trans Fee Rate Trans Fee Rate Trans Fee
CPSL - Recurring Payments 1.37% $0.00 1.56% $0.00 1.96% $0.00
CPSL - Supermarket/Warehouse Clubs 1.32% $0.00 1.45% $0.00 1.96% $0.00
CPSL - Petroleum 1.18% $0.00 1.35% $0.00 1.96% $0.00
CPSL - Retail 1.45% $0.00 1.60% $0.00 2.05% $0.00
Base Submission Level 1.58% $0.00 1.85% $0.00 2.49% $0.00

 

Discover Canada Consumer Debit and Prepaid Interchange Rates Debit Prepaid
Interchange Program Rate Trans Fee Rate Trans Fee
CPSL - Recurring Payments 1.15% $0.00 1.37% $0.00
CPSL - Supermarket/Warehouse Clubs 1.15% $0.00 1.32% $0.00
CPSL - Petroleum 1.15% $0.00 1.18% $0.00
CPSL - Retail 1.15% $0.00 1.45% $0.00
Base Submission Level 1.15% $0.00 1.58% $0.00

 

Discover Canada Business, Executive Business, and Corporate Card Interchange Rates    
Interchange Program Rate Trans Fee
Commercial Recurring Payments 2.00% $0.00
Commercial Supermarket/Warehouse Clubs 2.00% $0.00
Commercial Petroleum 2.00% $0.00
Commercial Retail 2.00% $0.00
Commercial Base 2.00% $0.00

 

Discover International Interchange Rates
Consumer Cards Rate Trans Fee
International 1.20% $0.00
International Base 1.72% $0.00