Mastercard® Canada Fee Changes beginning November 2017

On November 1, 2017, MasterCard® Canada is making changes to some Interchange Programs and to the MasterCard (Acquirer) Assessment Fee.

The table below provides a summary of the Interchange rate changes. Rates highlighted in red are increasing, and rates highlighted in yellow are decreasing.

Your Interchange charges may increase or decrease depending on the card types presented by your customers.

For some customers, the MasterCard (Acquirer) Assessment Fee will increase from 8.7 bps to 9.04 bps (this fee is passed through without mark-up).

Interchange Program Type Core Mastercard World Mastercard World Elite Mastercard
Current Effective
Nov 1, 2017
Current Effective
Nov 1, 2017
Current Effective
Nov 1, 2017
Volume Tier 3 (400 million) 1.38% 1.38% 1.53% 1.51% 1.90% 1.90%
Independent Business
1.38% 1.38% 1.53% 1.51% 1.90% 1.90%
MasterPass 1.55% 1.44% 1.89% 1.71% 2.49% 2.06%
SecureCode-enabled 1.55% 1.44% 1.89% 1.71% 2.49% 2.06%
Electronic 1.44% 1.44% 1.77% 1.71% 2.06% 2.06%
Standard 1.55% 1.58% 1.89% 2.29% 2.49% 2.79%

For more information, please contact 1-800-349-6201.