The MasterCard Card-Network

MasterCard is one of the two most commonly held credit cards. We help make it easy for you to accept MasterCard regardless of your business size. Like Visa, MasterCard is one of the top credit cards in the US, Canada and around the world. It is widely used, recognized and trusted. While some small businesses do not accept credit cards due to the cost, we offer you cost-plus pricing so you save on processing fees while making payments convenient for your customers.

What is the MasterCard Interchange?

Interchange is the fee collected by the customer's credit card bank (the MasterCard card-issuer) on every transaction. These rates are set by MasterCard every year and apply to all processors. In other words, this is the true cost that the processor has to pay on every transaction. The interchange rates are part of our Cost+ pricing program. The tables below provide a breakdown of the current Visa interchange rates.

Current MasterCard Canada Interchange Rates

Card-Type Interchange Rate
Card-Present  
Swipe/Chip Consumer 1.440 %
Swipe/Chip High-Spend 1.710 %
Swipe/Chip Corporate 2.000 %
Swipe/Chip Premium High-Spend (World Elite) 2.060 %
Keyed  
Keyed Consumer 1.580 %
Keyed Premium 2.290 %
Keyed Corporate 2.000 %
Keyed Premium High-Spend (World Elite) 2.790 %
Recurring Payments  
Recurring Consumer 1.360 %
Recurring High-Spend 1.480 %
Recurring Corporate 2.000 %
Recurring Premium High-Spend (World Elite) 1.900 %
Emerging Markets / Charities  
Swipe/Chip/Keyed Consumer 1.000 %
Swipe/Chip/Keyed High-Spend 1.250 %
Swipe/Chip/Keyed Corporate 2.000 %
Swipe/Chip/Keyed Premium High-Spend (World Elite) 1.500 %
Gas and Service Stations  
Swipe/Chip Consumer 1.170 %
Swipe/Chip High-Spend 1.300 %
Swipe/Chip Corporate 2.000 %
Swipe/Chip Premium High-Spend (World Elite) 1.600 %
Groceries and Supermarkets  
Swipe/Chip Consumer 1.220 %
Swipe/Chip High-Spend 1.340 %
Swipe/Chip Corporate 2.000 %
Swipe/Chip Premium High-Spend (World Elite) 1.600 %
Independent Business *  
Swipe/Chip Consumer 1.380 %
Swipe/Chip High-Spend 1.510 %
Swipe/Chip Corporate 2.000 %
Swipe/Chip Premium High-Spend (World Elite) 1.900 %
Level 2 Data  
Corporate & Purchasing 1.400 %
Fleet Cards 1.400 %
Level 3 Data  
Corporate & Purchasing 1.400 %
Fleet Cards 1.400 %
Large Ticket     $10,000+ 1.200 %
Assessments and Association Fees  
MasterCard Card-Brand 0.0904 %
MasterCard Acquirer Digital Communication (Ecommerce) Fee 0.0226 %
Acquirer Licence Fee 0.0122%
Fixed Acquirer Access Fee 0.008 %
Account Status Inquiry ($0 transaction) $ 0.0283
Address Verification Service (AVS) $ 0.0113
Security Code Verification (CVC) $ 0.0028
MasterCard International Cross-Border (CAD) 0.4520 %
MasterCard International Cross-Border (USD) 0.9040 %

* HST is charged to the acquirer/processor on network card-brand, association and cross-border fees. MasterCard's listed card-brand fees is 0.0800% respectively. Because this is an absorbed cost by the acquirer who are not allowed to claim ITCs in Canada, the HST on the card-brand fee cannot be used as an ITC by the merchant. Does not apply to interchange, per transaction or cost+ fees. Below are list to the official Visa and MasterCard interchange tables.

* MasterCard Canada Independent Businesses SIC
LIMOUSINES AND TAXICABS 4121
BOOKS PERIODICALS AND NEWSPAPERS 5192
HOME SUPPLY WAREHOUSE STORES 5200
HARDWARE STORES 5251
LAWN AND GARDEN SUPPLY STORES 5261
VARIETY STORES 5331
FREEZER LOCKER MEAT PROVISIONERS 5422
DAIRY PRODUCTS STORES 5451
BAKERIES 5462
MISC FOOD STORE-CONVENIENCE MRKT SPLTY VENDNG MACS 5499
ALTERATIONS MENDING SEAMSTRESSES TAILORS 5697
EATING PLACES RESTAURANTS 5812
FAST FOOD RESTAURANTS 5814
DRUG STORES PHARMACIES 5912
BOOK STORES 5942
NEWS DEALERS AND NEWSSTANDS 5994
PET SHOPS - PET FOODS AND SUPPLIES 5995
CLEANING GARMENT AND LAUNDRY SERVICES 7210
LAUNDRY SERVICES - FAMILY AND COMMERICAL 7211
DRY CLEANERS 7216
BARBER AND BEAUTY SHOPS 7230
HAT CLEANING SHOPS SHOE REPAIR SHOPS SHOE SHINE 7251
AUTOMOBILE PARKING LOTS AND GARAGES 7523
CAR WASHES 7542