Visa, MasterCard, and Discover Card are making changes to the Canadian Interchange rates for Spring 2018. MasterCard is adding a small fee on e-commerce transactions, Discover Card is updating their Swipe and Recurring Interchange Rates, and Visa is reducing the cost of accepting corporate cards at grocery stores and gas stations. Below is a breakdown of those changes.

While these changes are minimal, the Canadian Code of Conduct allows merchants to cancel their account without penalty anytime a rate change is announced. If you've been stuck in a merchant account contract with your current processor, these changes allow you to cancel that contract without penalties! Visa and MasterCard Interchange adjustments are a great opportunity to review your pricing and consider switching to Helcim and our Cost+ pricing.

Contact us today and learn how we can save you on credit card processing fees.

Card TypeOld RateNew Rate


VISA Canada

Card TypeOld RateNew Rate


Discover Card Canada

Card TypeOld RateNew Rate


MasterCard Canada

MC ACQ DIGITAL COMM DEVELOPMENT (credit)--0.0226%$0.00
MD ACQ DIGITAL COMM DEVELOPMENT (debit)--0.0226%$0.00
Swipe Consumer -> Swipe Rewards1.60%$0.001.45%$0.00
Swipe Premium1.98%$0.002.05%$0.00
Swipe Premium Plus2.25%$0.001.80%$0.00
Swipe Commercial2.25%$0.002.00%$0.00
Recurring Consumer -> Swipe Rewards1.45%$0.001.37%$0.00
Recurring Premium1.70%$0.001.60%$0.00
Recurring Premium Plus2.10%$0.002.05%$0.00
Recurring Commercial2.20%$0.002.00%$0.00
Gas and Service Stations Corporate1.90%$0.001.80%$0.00
Groceries and Supermarkets Corporate1.90%$0.001.85%$0.00