Moneris | Payment Card Network Fee Updates

January 2025: Mastercard Transaction Program Excellence (TPE) Update

Description: Mastercard is revising the pricing of existing Transaction Processing Excellence (TPE) programs over the next two years.

Impact: Mastercard Transaction Processing Excellence (TPE) programs aim to identify and address unfavorable transaction processing behavior that impact the network.

A basis point (bp) fee which applies a specific rate against a transaction volume. A basis point is the equivalent to 0.01 percent; therefore, a fee that charges one (1) basis point on reported gross dollar volume (GDV) would be 0.0001 times that amount.

A quantity-based fee applies the specified rate to the number of transactions being billed.

The following table presents the fee revisions effective January 1, 2025:

Jan 2025

Fee Name	Current rate (USD)	January 1, 2025	Minimum Amount (represents the minimum amount billed)
Mastercard - Processing Integrity Fee - Final Auth	0.339000%	0.395500	$0.056500
Mastercard - Processing Integrity Fee - Undefined Auth	0.339000%	0.395500%	$0.056500
Mastercard -Processing Integrity Fee -Not Reversed/Cleared Preauthorization	0.339000%	0.395500%	$0.056500
Mastercard - Nominal Amount Authorization Fee	$0.113000 (USD)	$0.282500 (USD)	N/A
Mastercard - Merchant Advice Code	$0.113000 (USD)	$0.282500	N//A

Jan 2026

Fee Name	Current rate (USD)	January 1, 2026	Minimum Amount (represents the minimum amount billed)
Mastercard - Processing Integrity Fee - Final Auth	0.395500	0.452000%	$0.113000
Mastercard - Processing Integrity Fee - Undefined Auth	0.395500%	0.452000%	$0.113000
Mastercard -Processing Integrity Fee -Not Reversed/Cleared Preauthorization	0.395500%	0.452000%	$0.113000
Mastercard - Nominal Amount Authorization Fee	$0.282500 (USD)	$0.565000 (USD)	N/A
Mastercard - Merchant Advice Code	$0.282500 (USD)	$0.565000 (USD)	N//A

January 2025: Visa Debit Interchange Update

Effective Date: January 1, 2025 (Visa transactions submitted for clearing and settlement on Dec 31, 2024, will also be subject to the new program changes and rates)

Description Visa will modify the domestic debit interchange rates for the following programs:

Electronic
Performance Program—Card-Present Electronic Program
Industry Program—Gas
Industry Program—Grocery

Impact: This update will apply to merchants in the above specified programs who process Visa debit transactions.

Application: The new debit interchange rates are as follows:

Interchange Program	Existing Interchange Rate	Updated Interchange Rate
Electronic	0.25% + CAD 0.05	CAD 0.03
Performance Program — Card-Present Electronic Program	0.15% + CAD 0.05	CAD 0.03
Industry Program — Gas	0.15% + CAD 0.05	CAD 0.03
Industry Program — Grocery	0.15% + CAD 0.05	CAD 0.03

November 2024: Mastercard M/Chip Deployment Performance Program

Effective Date: November 30, 2024

Description: Mastercard is introducing a new fee as part of the Transaction Processing Excellence (TPE) Program to drive positive processing behavior:

As part of the M/Chip Deployment Performance Program, Mastercard will assess a fee of USD $5.65 for each terminal deemed to have implementation issues as indicated below

Devices where the contactless reader has a software kernel older than V3.x, and/or
Devices where the Payment System Public Keys (PSPK’s) in Combined Dynamic Data Authentication (CDA) supporting terminals need to be updated.

Refer to the following table for the rates

Effective Date:	Rate:
November 30, 2024	USD $5.65
January 1, 2025	USD $9.04
January 1, 2026	USD $13.56

Impact: Moneris will pass through to merchants the Mastercard M/Chip Deployment Performance Program fee of USD $5.65 per terminal, per month for terminals determined to be improperly configured and resulting in a technology failure (as described above).

You may have received prior communication regarding the need for a terminal upgrade with respect to the above noted issue(s). To avoid this fee, please contact us at Moneris.com/support.

November 2024: Interac Switch Fee

Effective Date: November 1, 2024

Description: The Interac Switch (Assessment/Card Brand) Fee for Interac Debit card present transactions will Increase.

Impact: This fee will apply to all Interac Debit card present transactions.

Application: The fee will be increased from $0.012859 to $0.014521 per transaction (a difference of $0.001662).

November 2024: Interac Flash Interchange Update

Effective Date: November 1, 2024

Description: Interac will implement Interac Flash Interchange rate reductions for merchants categorized in the following MCC Codes:

MCC	Merchant Category Code Description
4112	Passenger Railways
4131	Bus Lines
5441	Candy, Nut, Confectionary Stores
5531	Auto Store, Home Supply Stores
5552	Electric Vehicle Charging
5811	Caterers
7210	Cleaning, Garment, and Laundry Services
7211	Laundry Services-Family and Commercial
7523	Automobile Parking Lots and Garages
7542	Car Washes
8050	Nursing and Personal Care Facilities
8062	Hospitals

Impact: This update will apply to merchants in the above specified MCC who accept Interac Flash transactions.

Application: This update will result in an interchange reduction from $0.035 to $0.020 (-$0.015) for qualifying Interac Flash transactions. The remainder of the MCCs remain unchanged.

October 2024: Mastercard Mail/Telephone Order (MOTO) Fee

Effective Date: October 1, 2024.

Description: MOTO (mail order/telephone order) refers to credit card transactions where customers provide their payment details via mail or telephone to complete a transaction. Mastercard will apply a new 0.01695% fee to all Domestic and Cross-Border Mail Order/Telephone order (MOTO) transactions (purchase & refunds).

NOTE: MOTO transactions are considered high-risk card-not-present transactions and carry higher fees with no chargeback protections. These transactions are typically manually entered on a terminal or virtual terminal. MOTO should only be used if you know the customer and are confident in the legitimacy of the transaction.

Impact: The Mastercard MOTO Fee will be assessed at 0.01695% per MOTO transaction.

October 2024: Visa Commercial Choice Travel Program (formerly known as the Visa B2B Virtual Payment Program.)

Effective Date: October 19, 2024. (Visa transactions submitted for clearing and settlement on October 18, 2024, will also be subject to the new interchange rates).

Description: Visa is introducing new card products as part of their Visa Commercial Choice Travel program.

Impact: The update will impact merchants with the following Merchant Category Codes (MCC) below, who accept transactions initiated with virtual Visa account numbers under Visa’s Commercial Choice Travel Program.

Application: Program IDs for the new card products and interchange rates are as follows:

B2B Program ID	B2B Program ID Description	B2B Program Rates
C4	B2B Program 22	2.10%
C5	B2B Program 23	2.20%
C6	B2B Program 24	2.30%
C7	B2B Program 25	2.40%
C8	B2B Program 26	2.50%
C9	B2B Program 27	2.60%
D1	B2B Program 28	2.70%
D2	B2B Program 29	2.80%
D3	B2B Program 30	2.90%
D4	B2B Program 31	3.00%
D5	B2B Program 32	*Rates to be announced
D6	B2B Program 33
D7	B2B Program 34
D8	B2B Program 35
D9	B2B Program 36
E1	B2B Program 37
E2	B2B Program 38
E3	B2B Program 39
E4	B2B Program 40	0.85%
E5	B2B Program 41	0.95%
E6	B2B Program 42	1.05%
E7	B2B Program 43	1.15%
E8	B2B Program 44	1.25%
E9	B2B Program 45	1.35%
F1	B2B Program 46	1.45%
F2	B2B Program 47	1.55%
F3	B2B Program 48	1.65%
F4	B2B Program 49	1.75%
F5	B2B Program 50	1.85%
F6	B2B Program 51	1.95%
F7	B2B Program 52	2.05%
F8	B2B Program 53	2.15%
F9	B2B Program 54	2.25%
G1	B2B Program 55	2.35%
G2	B2B Program 56	2.45%
G3	B2B Program 57	2.55%
G4	B2B Program 58	2.65%
G5	B2B Program 59	2.75%
G6	B2B Program 60	2.85%
G7	B2B Program 61	2.95%

This program is limited to the following card acceptor business codes (MCCs):

MCC	MCC Description
3000–3300	Airlines, air carriers
3351–3441	Car rental agencies
3501–3999	Lodging – hotels, motels, resorts
4112	Passenger railways
4131	Bus lines
4411	Steamship and cruise lines
4511	Airlines and air carriers (not elsewhere classified)
4582	Airports, flying fields, and airport terminals
4722	Travel agencies and tour operators
5962	Direct marketing – travel-related arrangement services
6513	Real estate agents and managers – rentals
7011	Lodging – hotels, motels, resorts, central reservation services (not elsewhere classified)
7012	Timeshares
7032	Sporting and recreational camps
7033	Trailer parks and campgrounds
7298	Health and beauty spas
7512	Automobile rental agency
7513	Truck and utility trailer rentals
7519	Motor home and recreational vehicle rentals
7991	Tourist attractions and exhibits
7997	Membership clubs (sports, recreation, athletic), country clubs, and private golf courses
7999	Recreation services (not elsewhere classified)
4111	Local and Suburban Commuter Passenger Transportation, Including Ferries
4121	Taxicabs and Limousines
4789	Transportation Services (not elsewhere classified)
5812	Eating Places and Restaurants
5813	Drinking Places (alcoholic beverages) – Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques
5814	Fast Food Restaurants
5992	Florists
7832	Motion Picture Theaters
7922	Ticket Agencies and Theatrical Producers (except motion pictures)
7992	Public Golf Courses
9399	Government Services (not elsewhere classified)

October 2024: Visa and Mastercard Small Merchant Interchange Program

Effective Date: October 19, 2024 (Transactions submitted for clearing and settlement October 18, 2024 will be subject to these new interchange rates)

Description: Visa and Mastercard will introduce a small merchant interchange rate programs that will offer lower rates for domestic consumer credit transactions.

Impact: The update will impact Visa and Mastercard merchants that meet the small business interchange program qualification criteria.

Application: As part of a renewed commitment to the Government of Canada to lower cost of processing credit transactions, Visa and Mastercard will introduce lower small merchant interchange rate programs for domestic consumer credit transactions.

Merchants will be qualified directly by Visa and Mastercard based on annual processing volume thresholds. Merchants who meet the criteria will qualify as small merchants and will be eligible to receive the rate(s).

Qualifying criteria:

Visa and Mastercard will determine merchant qualification.
Visa processing merchants that surcharge will not qualify for the program.
Merchants that are on other pre-determined interchange schedules based on MCC or volume may not qualify for the program.
A merchant that processes both Visa and Mastercard may qualify for reduced rates on one or both card brands.
Mastercard processing merchants that process below the qualifying threshold of CAD $175,000 in annual Mastercard credit-only volumes will qualify as small merchants and will be eligible to receive the rate(s).
Visa processing merchants that process below the qualifying threshold of CAD $300,000 in annual Visa credit, debit, and prepaid volume and will be eligible to receive the rate(s)
Initial qualification period for Visa and Mastercard will be Apr 1, 2023, to Mar 31, 2024.
Subsequent qualification period will be October 1 to September 30 each year.

New lower Interchange rates:

Visa will implement interchange rates as detailed in this table.

Rate Program	Classic, Gold, Platinum	Infinite	VISA Infinite Privilege
Card Present	0.81%	0.99%	1.80%
Card Not Present (Tokenized)	1.25%	1.50%	2.25%
Card Not Present	1.30%	1.55%	2.30%

Mastercard will implement interchange rates as detailed in this table:

Interchange Program Type	Core	World	World Elite	Muse
Card Present EMV	0.72%	0.95%	1.22%	1.29%
Unsecure Card Present	0.95%	1.19%	1.45%	1.52%
Digital Commerce	1.57%	1.80%	2.03%	2.15%
Contactless	0.72%	0.95%	1.22%	1.29%
3DS	1.40%	1.60%	1.80%	1.93%
Card Present Refund	0.43%	0.57%	0.73%	0.77%
Card Not Present Refund	0.96%	1.10%	1.24%	1.33%

Simplified Pricing / Interchange Plus Pricing Disclaimer

For merchants that meet the above qualifications criteria and are on a Simplified Pricing or Interchange Plus pricing model, merchants will receive the full benefits of these program(s).

July 2024: Mastercard Wholesale Travel Program

Effective Date :July 2, 2024 (Mastercard transactions submitted for clearing and settlement on July 1, 2024, will also be subject to the new interchange rates)

Description: Mastercard is introducing interchange rates for the Mastercard Enterprise Solution Wholesale Travel program.

Impact: This update will impact merchants who accept wholesale travel transactions that are initiated with virtual Mastercard account numbers.

Application: Mastercard is introducing new product codes with different interchange rates for the existing Mastercard Wholesale Travel Program.

Refer to the following table for the updated rates:

Program Codes	Program Names	Fee
MTL	Mastercard B2B Product 18	1.45 %
MTM	Mastercard B2B Product 19	1.35 %

Note: The Mastercard Wholesale Travel Program Virtual cards can now be processed under all Merchant Category codes. As a result, these transactions will draw the following existing Mastercard Wholesale Travel Transaction Program B2B Fee:

B2B Program ID	Rates
Domestic	0.678000%
International	0.678000%

April 2024: Visa New Processing Integrity Fee

Effective Date : April 25,2024

Description: Visa will be introducing two new Processing Integrity Fees intended to reduce cardholder impacts cause by erroneous authorizations and force post transactions (Misuse of Authorization System Fee and the Unmatched Clearing Fee).

Impact: This fee will be applicable to merchants that process Visa transactions on both purchases and merchandise returns (refunds).

The Misuse of Authorization System Fee will be applied to both purchases and merchandise returns (refunds) to all transactions that are cleared but not authorized (Force-Post and Store & Forward (SAF) transactions).

The Unmatched Clearing Fee will be applied to both purchases and merchandise returns (refunds) when clearing transactions are not cleared with the values received in the authorization response or not cleared within the time frames below:

Transaction Type	New Maximum Time Frame
CNP (cardholder-initiated) transactions	10 Calendar Days
Transactions with an estimated authorization indicator for any of the following merchants: Cruise line Lodging Vehicle rental	30 Calendar Days
Transactions with an estimated authorization indicator for any of the following merchants: Aircraft rental Bicycle rental, including electric scooters Boat rentals Clothing and costume rental DVD and video rental Equipment and tool rental Furniture rental Motor home rental Motorcycle rental Trailer parks and campgrounds	10 Calendar Days
All other CP transactions	5 Calendar Days
All merchant-initiated transactions	5 Calendar Days

To avoid these fees, merchants should authorize all transactions and clear/close authorizations in a timely manner.

Application: The Visa New Processing Integrity Fee will be applied $0.0565 USD per transaction.

April 2024: VISA CVV2 Pricing

Effective Date : April 1,2024

Description: Visa will be introducing pricing for Card Verification Value 2 (CVV2). This fee will be assessed on a per-transaction basis when the CVV2 yields a match or no match result.

Impact: This update will impact merchants and accounts who process Visa Credit and Debit Transactions.

This fee will not be charge for the following exceptions:

When the CVV2 is not verified, or an error condition prevents the result from being returned to the acquirer.
When 3-D Secure verification is successful
When the transaction is an account verification message of $0 amount

Application: The VISA CVV2 Pricing will be assessed at $0.002825 USD per Match/No Match result.

April 2024: Visa Commercial Solutions Fee

Effective Date : April 1,2024

Description: Visa will be introducing a new Commercial Solutions Fee. This will be a 0.0113% assessment fee which will be calculated on sales volumes when a Visa Business Solution product is used.

Impact: This update will impact all merchants who process Visa commercial Credit and Debit Transactions.

Application: The Visa Commercial Solutions Fee will be applied at 0.0113%.

April 2024: Mastercard Revised Excessive Authorization Fee

Effective Date : April 1,2024

Description: Mastercard is introducing an additional threshold of 35 declined attempts on the same Merchant Account Number, at the same card acceptor, and for the same amount within a 30-day period.

Impact: The Mastercard Excessive Authorization Attempts Fee will apply to all Mastercard merchants who submit excessive authorization attempts. Currently, Mastercard assesses a fee for each authorization after 10 consecutive declined attempts on the same account number and the same acceptor within a 24-hour period. Mastercard will not assess the fee twice for the same authorization decline.

Application: The Mastercard Excessive Authorization Attempts Fee will be $0.565 USD per Excessive Authorization Attempt.

April 2024: Interac Switch Fee

Effective Date : April 1,2024

Description: The Interac Switch (Assessment/Card Brand) Fee for Interac Debit card present transactions will decrease.

Impact: This fee will apply to all Interac Debit card present transactions.

Application: The fee will be reduced from $0.014523 to $0.012859 per transaction (a difference of $0.001664).

January 2024: Mastercard Transaction Processing Program Fees

Description: Mastercard is revising the pricing of existing Transaction Processing Excellence (TPE) programs over the next three years.

Impact: Mastercard Transaction Processing Excellence (TPE) programs aim to identify and address unfavorable transaction processing behavior that impact the network.

A basis point (bp) fee which applies a specific rate against a transaction volume. A basis point is the equivalent to 0.01 percent; therefore, a fee that charges one (1) basis point on reported gross dollar volume (GDV) would be 0.0001 times that amount.

A quantity-based fee applies the specified rate to the number of transactions being billed.

The following table presents the fee revisions effective January 1, 2024:

Name	Current rate (USD)	January 1, 2024	Minimum Amount (represents the minimum amount billed)
Mastercard - Processing Integrity Fee - Final Auth	0.282500%	0.339000%	$0.056500
Mastercard - Processing Integrity Fee - Undefined Auth	$0.050850	0.339000%	$0.056500
Mastercard -Processing Integrity Fee -Not Reversed/Cleared Preauthorization	$0.050850 (USD)	0.339000%	$0.056500
Mastercard - Nominal Amount Authorization Fee	$0.050850 (USD)	$0.113000 (USD)	N/A
Mastercard - Merchant Advice Code	$0.033900 (USD)	$0.113000 (USD)	N/A

January 1, 2025:

Name	Current rate (USD)	January 1, 2025	Minimum Amount (represents the minimum amount billed)
Mastercard - Processing Integrity Fee - Final Auth	0.339000%	0.395500%	$0.056500
Mastercard - Processing Integrity Fee -Undefined Auth	0.339000%	0.395500%	$0.056500
Mastercard -Processing Integrity Fee -Not Reversed/Cleared Preauthorization	0.339000%	0.395500%	$0.056500
Mastercard - Nominal Amount Authorization Fee	$0.113000 (USD)	$0.282500 (USD)	N/A
Mastercard - Merchant Advice Code	$0.113000 (USD)	$0.282500 (USD)	N/A

January 1, 2026:

Name	Current rate (USD)	January 1, 2026	Minimum Amount (represents the minimum amount billed)
Mastercard - Processing Integrity Fee - Final Auth	0.395500	0.452000%	$0.113000
Mastercard - Processing Integrity Fee -Undefined Auth	0.395500%	0.452000%	$0.113000
Mastercard -Processing Integrity Fee -Not Reversed/Cleared Preauthorization	0.395500%	0.452000%	$0.113000
Mastercard - Nominal Amount Authorization Fee	$0.282500 (USD)	$0.565000 (USD)	N/A
Mastercard - Merchant Advice Code	$0.282500 (USD)	$0.565000 (USD)	N/A

December 2023: Interac Mobile Debit Interchange Fee

Effective Date: December 1, 2023 (Interac Mobile Debit transactions submitted for clearing and settlement on November 30, 2023, will also be subject to the new interchange fee).

Description: Interac is enabling special volume-based tiered pricing to the Interac Mobile Debit (In-App/In-Browser) Interchange Fee for specific Merchant Category Codes (“MCCs”).

Impact: The update will impact merchants and accounts that process Interac Mobile Debit transactions.

Application: Interac is introducing a new Interchange fee structure for Mobile Debit transactions. Currently, all Interac mobile debit transactions draw 0.6% interchange (capped at $1.80)

Refer to the following table for the updated rates:

Tier	Rate	Cap	Qualification
1	0.60%	$1.80	Applicable to merchants that do not qualify for Tiers 2, 3 and 4
2	0.575%	$1.725	Applicable to merchants in the Growing Market Segments MCCs* processing 500,001- 1,000,000 transactions per calendar year
3	0.55%	$1.65	Applicable to merchants in the Growing Market Segments MCCs* processing >1,000,000 transactions per calendar year
4	$0.35	-	Applicable to MCC 9311 (Tax Payments) merchants only

_{*Growing Market Segments (Qualifying MCCs for Tier 2 and 3)}

_{• Local and Suburban Commuter Passenger Transportation (MCC 4111)

• Wholesale Clubs (MCC 5300)

• Discount Stores (MCC 5310)

• Grocery Stores and Supermarkets (MCC 5411)

• Taxicabs and Limousines (MCC 4121)

• Clothing and Accessories (MCC 5611,5137, 5621, 5631, 5641, 5651,5661, 5691)

• Package Stores Beer, Wine, Liquor (MCC 5921)

• Parking Lots and Garages (MCC 7523)}

November 2023: Interac Flash Interchange Update for Toll Roads & Bridges MCC (4784)

Effective Date: November 1, 2023

Description: Merchants categorized in Toll Roads & Bridges MCC (4784) will qualify for Tier 1 Low-ticket merchant pricing.

Impact: This update will apply to merchants in the above specified MCC who accept Interac Flash transactions.

Application: This update will result in an interchange reduction from $0.035 to $0.020 (-$0.015) for qualifying Interac Flash transactions. The remainder of the MCCs remain unchanged and are set out in the following Table 1– Interac Flash flat-fee tiered interchange pricing structure below.

Tiers	Flat fee per transaction	Criteria for merchant qualification
Tier 1 Low-ticket Merchants	$0.020	. Qualifying segments are: Fast Food Restaurants (MCC 5814) Variety Stores (MCC 5331) Movie Theatres (MCC 7832) Convenience Stores (MCC 5499) Bakeries (MCC 5462) Dairy Product Stores (MCC 5451) Limousines and Taxicabs (MCC 4121) News Dealers and Newsstands (MCC 5994) Charitable and Social Services Organizations (MCC 8398) Transportation – Suburban and Local Commuter Passenger (MCC 4111) Toll Roads/Bridges (MCC 4784)
Tier 2 High-volume Merchants	$0.025	Merchants that meet a minimum annual transaction volume threshold. The transaction volume threshold is 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
Tier 3 All other Merchants	$0.035	Merchants that do not otherwise qualify for Tier 1 and Tier 2.
Tier 4 All Merchants	$0.055	All Merchants

*Effective November 1, 2023

Federal Tax on Fees from Payment Card Network Operators

On March 28, 2023, the Federal Budget proposed amendments to the Excise Tax Act (ETA) where certain services rendered by Payment Card Network Operators (PCNOs) will be subject to HST, which is non-recoverable by Moneris. This will impact the fees Moneris is charged and, by extension, passes through to all merchants. The excise tax update does not affect Interchange.

On June 22, 2023 these changes to the ETA were enacted and Moneris will see PCNO fees increase by 13 %. For this reason, and in accordance with merchant agreements, Moneris will pass through a corresponding increase of the affected fees as outlined in the table below following your 90-day notice period.

Fee Name*	Current Fee	Updated fee
Amex - Participation Fee	0.120000%	0.135600%
Amex - Inbound Fee	0.600000%	0.678000%
Discover - Assessment	0.063000%	0.071190%
Discover - International Processing	0.400000%	0.452000%
Interac - Assessment	$0.012852	$0.014523
Interac - eCommerce Assessment	$0.025000	$0.028250
Mastercard - Assessment	0.087000%	0.098310%
Mastercard - Credential Continuity**	$0.030000	$0.033900
Mastercard - Decline Reason Code Service**	$0.020000	$0.022600
Mastercard - Debit Mastercard Assessment Fee	0.087000%	0.098310%
Mastercard - Debit Mastercard Utilities Assessment Fee**	$0.020000	$0.022600
Mastercard - Debit Mastercard Contactless Assessment Fee**	$0.004000	$0.004520
Mastercard - Digital Enablement Minimum**	$0.020000	$0.022600
Mastercard - Digital Enablement Standard	0.020000%	0.022600%
Mastercard - Digital Enablement Maximum**	$0.200000	$0.226000
Mastercard - Excessive Authorization Attempts Fee**	$0.500000	$0.565000
Mastercard - Foreign Assessment	0.600000%	0.678000%
Mastercard - Foreign Assessment Transaction Currency Non-CAD	1.000000%	1.130000%
Mastercard - Freight Program Assessment	0.500000%	0.565000%
Mastercard - Global Wholesale Travel Transaction B2B Fee	0.600000%	0.678000%
Mastercard - Humanitarian Program Assessment	0.250000%	0.282500%
Mastercard - Humanitarian Program Assessment Fee	0.250000%	0.282500%
Mastercard - Merchant Advice Code**	$0.030000	$0.033900
Network Connectivity Fee (Mastercard)**	$0.008600	$0.009718
Mastercard - Nominal Amount Authorization Fee**	$0.045000	$0.050850
Mastercard - Pre-Authorization	0.050000%	0.056500%
Mastercard - Pre-Authorization Minimum**	$0.010000	$0.011300
Mastercard - Processing Integrity Fee - Final Auth	0.250000%	0.282500%
Mastercard - Processing Integrity Fee - Final Auth Minimum**	$0.040000	$0.045200
Mastercard - Processing Integrity Fee - Undefined Auth**	$0.045000	$0.050850
Mastercard - Processing Integrity Fee - Pre Auth**	$0.045000	$0.050850
Mastercard - Utilities Assessment Fee**	$0.020000	$0.022600
UnionPay - Service Fee	0.100000%	0.113000%
UnionPay - eCommerce Service	0.200000%	0.226000%
Visa - Assessment	0.090000%	0.101700%
Visa - Address Verification Service**	$0.001000	$0.001130
Visa - B2B Virtual Service Domestic	0.600000%	0.678000%
Visa - B2B Virtual Service Foreign	1.550000%	1.751500%
Visa - Base II Return**	$5.000000	$5.650000
Visa - Consumer Bill Payment Service**	$0.100000	$0.113000
Visa - Domestic Account Verification**	$0.010000	$0.011300
Visa - Domestic Category 1 Decline**	$0.100000	$0.113000
Visa - Domestic Excess Reattempted Transactions**	$0.100000	$0.113000
Visa - Estimated Authorization Fee	0.020000%	0.022600%
Visa - Foreign Assessment	0.600000%	0.678000%
Visa - Foreign Assessment Single Currency	1.000000%	1.130000%
Visa - Foreign Category 1 Decline**	$0.150000	$0.169500
Visa - Foreign Excess Reattempted Transactions**	$0.150000	$0.169500
Visa - Incremental Authorization Fee	0.020000%	0.022600%
Visa - Installment access Fee	0.200000%	0.226000%
Visa - International Account Verification**	$0.020000	$0.022600
Visa - Multi-Currency Non-Domestic Settlement	0.100000%	0.113000%
Visa - Non-Domestic Settlement**	0.100000%	0.113000%
Visa - Real-time Funds Assessment**	$0.100000	$0.113000
Visa - Repeat Authorization Decline Fee**	$1.000000	$1.130000
Visa - Visa Debit Assessment	0.090000%	0.101700%

*All fees do not apply to all merchants. Fee applicability is dependent on which payment networks a merchant supports.

**These fees are charged by PCNOs to Moneris in U.S. dollars. If you process transactions in U.S dollars these fees will be charged to you in U.S. dollars. If you process transactions in Canadian dollars these will be converted to and charged to you in Canadian dollars.

October 2023: Visa EMV non-compliance assessment Fee

Effective Date: October 1, 2023

Description: Visa is introducing a non-compliance assessment fee of $0.17 USD for transactions processed at terminals unable to support EMV. Transactions processed at chip-enabled devices will not be assessed this fee.

Impact: This update will impact merchants and accounts accepting Visa EMV and UCAT merchants.

Application: The Visa EMV non-compliance assessment Fee will be applied at $0.17 USD for domestic transactions and $0.17 USD for cross-border transactions.

October 2023: Mastercard Wholesale Travel Program

Effective Date: October 13, 2023

Description: Mastercard is introducing interchange rates for the Mastercard Enterprise Solution Wholesale Travel program.

Impact: This update will impact merchants who accept wholesale travel transactions that are initiated with virtual Mastercard account numbers.

Application: Mastercard is introducing new product codes with different interchange rates for the existing Mastercard Global Wholesale Travel Program.

Refer to the following table for the updated rates:

Program Codes	Program Name	Fee
MTA	Mastercard B2B Product 7	2.00%
MTB	Mastercard B2B Product 8	1.90%
MTC	Mastercard B2B Product 9	1.80%
MTD	Mastercard B2B Product 10	1.70%
MTE	Mastercard B2B Product 11	1.60%
MTF	Mastercard B2B Product 12	1.50%
MTG	Mastercard B2B Product 13	1.40%
MTH	Mastercard B2B Product 14	1.30%
MTI	Mastercard B2B Product 15	1.20%
MTJ	Mastercard B2B Product 16	1.10%
MTK	Mastercard B2B Product 17	1.00%

Note: The Mastercard Enterprise Solution Wholesale Travel Program Virtual cards can now be processed under all Merchant Category codes. As a result, these transactions will draw the following existing Global Wholesale Travel Transaction Program B2B Fee:

B2B Program ID	Rates
Domestic	0.60%
International	0.60%

October 2023: Visa Interregional Interchange Fee Program Changes

Effective Date: October 14, 2023 (Visa transactions submitted for clearing and settlement on October 13, 2023, will also be subject to the new program changes and rates)

Description: Visa will implement changes to the interregional interchange fee programs for Visa Consumer and Commercial transactions.

Impact: As a result of these changes Visa will eliminate some existing interchange fee programs and introduce new programs with new rates.

Application: The table below contains a summary of changes to Interregional Interchange Fee Programs for Visa Consumer and Commercial Transactions.

Removed	New	Updated
Consumer Electronic	Super Premium Card-absent (Alternative)	Super Premium Card-present
Consumer Acquirer Chip	Super Premium Downgrade	Premium Card-present
Consumer Issuer Chip	Premium Card-absent (Alternative)
Consumer Electronic Commerce Merchant	Premium Downgrade
Consumer Secure Electronic Commerce	Non-Premium Card-present
Standard	Non-Premium Card-absent (Alternative)
	Non-Premium Downgrade
	Business Card-absent (Alternative)
	Business Downgrade
	Corporate Card-absent (Alternative
	Corporate Downgrade
	Purchasing Card-absent (Alternative)
	Purchasing Downgrade

Updated fee programs:

The programs below have revised interchange rates.

Program	Current Rate	New Rates
Super Premium Card-present (Base)	1.97%	1.98%
Premium Card-present (Base)	1.80%	1.85%

New fee programs:

The interchange fee programs below are being introduced.

Program/Fee Name	Rates
Super Premium Card-absent (Alternative)	1.98%
Super Premium Downgrade	2.03%
Premium Card-absent (Alternative)	1.85%
Premium Downgrade	1.90%
Non-Premium Card-present	1.10%
Non-Premium Card-absent (Alternative)	1.60%
Non-Premium Downgrade	1.65%
Business Card-absent (Alternative)	2.00%
Business Downgrade	2.05%
Corporate Card-absent (Alternative)	2.00%
Corporate Downgrade	2.05%
Purchasing Card-absent (Alternative)	2.00%
Purchasing Downgrade	2.05%

Refund Transactions:

As a result of this change, interregional refund transactions will now receive lower interchange rates. The interchange programs below and rates are being introduced for refund transactions.

Program	Rate
Consumer Credit Voucher	1.00%
Commercial Credit Voucher (including business)	1.80%

May 2023: Mastercard Intracountry Credit Contactless Interchange

Effective Date: May 8, 2023 (Mastercard transactions submitted for clearing and settlement on May 7, 2023, will also be subject to the new interchange rates).

Description: Mastercard will modify Canada Intracountry Consumer Credit Contactless interchange rates.

Impact: The update will impact merchants and accounts accepting Mastercard Contactless.

Application: Refer to the following table for the updated rates:

Interchange Program Type	Current	New	Difference
Core	0.87%	0.92%	0.05%
World	1.16%	1.22%	0.06%
World Elite	1.48%	1.56%	0.08%
Muse	1.57%	1.65%	0.08%

April 2023: AMEX OptBlue Inbound Fee

Effective Date: April 15, 2023 (Transactions submitted for clearing and settlement on April 14, 2023, will also be subject to the new rates)

Description: The American Express Inbound Fee on foreign issued cards other than cards issued by the Japan Credit Bureau (JCB) and foreign issued debit cards will increase.

Impact: The new fee will impact merchants who process AMEX OptBlue transactions.

Application: AMEX OptBlue Inbound Fee will increase from 0.40% to 0.60% (a difference of 0.20%).

April 2023: Interac Switch Fee

Effective Date: April 1, 2023

Description: The Interac Switch (Assessment/Card Brand) Fee for Interac Debit card present transactions will increase.

Impact: This fee will apply to all Interac Debit card present transactions.

Application: The Interac Assessment Fee of $0.009450 will increase to $0.012852 per transaction (a difference of $0.003402).

April 2023: Visa Account Verification Fee

Effective Date: April 1, 2023

Description: Visa will introduce and implement a fee for acquirer account verification messages on client invoices, verification provides additional data points to help protect against fraud associated with invalid or misused credentials.

Impact: The new fee will impact merchants who process Visa credit transactions.

Application: The new fee will be $0.01 USD Per Domestic Account Verification and $0.02 USD Per Foreign Account Verification.

April 2023: Visa C2C OCT Fee

Effective Date: April 15, 2023 (Transactions submitted for clearing and settlement on April 14, 2023, will also be subject to the new rates)

Description: Visa will update client-to-client (C2C) fees applicable to domestic Canadian original credit transactions (OCTs).

Impact: The new fee will impact merchants who process domestic Visa original credit transactions.

Application: Visa will decrease its domestic Canadian fee for OCTs from $0.10 to $0.03 per transaction (a difference of $0.07).

April 2023: Visa Domestic OCT Fee

Effective Date: April 1, 2023

Description: Visa will update the domestic Canadian fee for original credit transactions (OCTs)

Impact: The new fee will impact merchants who process Visa OCTs.

Application: Visa will update the domestic Canadian fee for OCTs from 0.05% (max of USD $0.25 USD) to $0.10 USD per transaction.

April 2023: Visa Estimated & Incremental Authorization Fees

Effective Date: April 17, 2023

Description: Visa will introduce two new fees.

The Estimated Authorization Fee will be 0.02% for any approved Estimated Authorizations. The Incremental Authorization Fee will be 0.02% for any approved Incremental Authorizations.

Impact: The new fees will impact merchants who process Visa Credit and Debit transactions and process estimated and/or incremental authorizations

Application: The Estimated Authorization Fee will be 0.02% for any approved Estimated Authorizations. The Incremental Authorization Fee will be 0.02% for any approved Incremental Authorizations.

March 2023: Updated Visa Installment Solutions Fee Table

Effective Date: March 1, 2023 (Transactions submitted for clearing and settlement on February 28, 2023, will also be subject to the new rates).

Description: The Visa Installment Solutions fee table for merchant-funded installment offers will be updated.

Impact: The update will impact merchants and accounts accepting Visa Credit and Visa Debit through Visa Installment Solutions

Application: Refer to the following table for the updated rates:

Installment Tenure	Current Rate	New Rate	Difference
3 months	1.90%	1.90%	0.00%
6 months	2.50%	2.99%	0.49%
12 months	4.00%	4.50%	0.50%
18 months	5.40%	6.25%	0.85%
24 months	8.20%	9.50%	1.30%
36 months	12.40%	14.75%	2.35%
48 months	16.80%	19.99%	3.19%

March 2023: Mastercard Digital Enablement Fee

Effective Date: March 13, 2023

Description: Mastercard will introduce the Mastercard Digital Enablement Fee to support enhancements to fraud, safety, and security in the payments ecosystem.

As part of the introduction of the new fee, Mastercard will retire the Mastercard Digital Commerce Development Fee (0.02% on e-commerce authorizations).

Impact: The Mastercard Digital Enablement Fee will apply to all merchants who process card not present Mastercard authorizations.

Application: The fee will be applied at 0.02% on all card not present authorizations with a minimum billing of $0.02 USD and a maximum of $0.20 USD per transaction. Minimum and maximum thresholds apply as follows:

Authorization amount	Rate
Less than or equal to $100.00 USD	$0.02 USD
Between $100.01 USD – $999.99 USD	0.02%
Greater than or equal to $1,000.00 USD	$0.20 USD

November 2022: Interac New Tier for Debit Contactless Payment Transactions

Effective Date: November 1, 2022

Description: Interac is introducing a new pricing tier for Debit contactless transactions.

Impact: All merchants regardless of current tier classification will incur a flat fee for Debit contactless transactions between $100.01 and $250.00. Fees for transactions below $100.01 will remain unchanged.

Application: The new flat fee of $0.055 will apply to all Interac Debit contactless transactions between $100.01 and $250.00, regardless of the merchant’s current tier classification.

Transaction Amount	Tiers	Flat-fee per transaction	Criteria for each merchant qualification
Current $0.01 to $250.00 New (Effective November 1, 2022) $0.01 to $100.00	Tier 1 Low-ticket Merchants	$0.020	Merchants in segments with an average Interac Debit transaction size below $20. Qualifying segments include: Quick Service Restaurants (MCC 5814) Variety Stores (MCC 5331) Movie Theatres (MCC 7832) Convenience Stores (MCC 5499) Bakeries (MCC 5462) Dairy Product Stores (MCC 5451) Limousines and Taxicabs (MCC 4121) Transportation - Suburban and Local Commuter Passenger (MCC 4111)* News Dealers and Newsstands (MCC 5994) Charitable and Social Services Organizations (MCC 8398).
	Tier 2 High-volume Merchants	$0.025	Merchants that meet a minimum annual transaction volume threshold. The transaction volume threshold is 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
	Tier 3 All other Merchants	$0.035	Base interchange rate that applies to all other merchants.
New (Effective November 1, 2022) $100.01 to $250.00	Tier 4 All Merchants	$0.055	All merchants.

November 2022: Mastercard Excessive Authorization Attempts Fee

Effective Date: November 2022

Description: Mastercard will increase the Excessive Authorization Attempts Fee and will reduce the threshold of declined authorization attempts needed to incur this fee.

Impact: The Mastercard Excessive Authorization Attempts Fee will apply to all Mastercard merchants who submit excessive authorization attempts, which meet the following criteria:

(i) after 10 previously declined authorizations (decreased from 20),

(ii) made on the same card,

(iii) on the same merchant account, and

(iv) within a 24-hour period.

Application:

Effective November 1, 2022, the threshold of declined attempts will be reduced from 20 to 10.

Effective November 7, 2022, the Mastercard Excessive Authorization Attempts Fee will be increased from $0.10 USD to $0.50 USD per excessive re-attempt (a difference of $0.40 USD).

October 2022: Visa Flexible Rate B2B Virtual Program Products

Effective Date: October 15, 2022 (Visa transactions submitted for clearing and settlement on October 14, 2022 will also be subject to the new interchange rates).

Description: Visa is introducing new card products as part of their B2B Virtual Payments program.

Impact: The update will impact merchants who accept transactions initiated with virtual Visa account numbers under Visa’s B2B Virtual Payments program.

Application: Program IDs for the new card products and interchange rates are as follows:

Additional B2B Program IDs	Description	Rate
A1	B2B Program 1	0.80%
A2	B2B Program 2	1.00%
A3	B2B Program 3	1.20%
A4	B2B Program 4	1.40%
A5	B2B Program 5	1.60%
A6	B2B Program 6	1.80%
A7	B2B Program 7	2.00%
A8	B2B Program 8	0.90%
A9	B2B Program 9	1.10%
B1	B2B Program 10	1.30%
B2	B2B Program 11	1.50%
B3	B2B Program 12	1.70%
B4	B2B Program 13	1.90%

*Maximum transaction amount of $499,999.99 (USD) for prepaid cards. Maximum transaction amount of $749,999.99 (USD) for all other transactions. USD converted to CAD as applicable.

October 2022: Delayed: Visa Non-domestic Settlement Fee

Effective Date: DEFERRED UNTIL FURTHER NOTICE (previously effective October 15, 2022).

Description: Visa will introduce two new fees for transactions not settled in the merchant’s domestic currency:

1. Visa Non-domestic Settlement Fee

2. Visa Multi-currency Non-domestic Settlement Fee

Impact: The two new fees will impact merchants who process Visa transactions not settled in their domestic currency. The fees do not apply to Visa Direct credit transitions.

Application: The Visa Non-domestic Settlement Fee will be applied at 0.10% of the transaction amount (for those settling in USD). The Visa Multi-currency Non-domestic Settlement Fee will be applied at 0.10% of the transaction amount.

October 2022: Visa Commercial Large Ticket Interchange update

Effective Date: October 15, 2022 (Visa transactions submitted for clearing and settlement on October 14, 2022, will also be subject to the new interchange rates).

Description: Visa will implement changes to the structure, rates, and qualification criteria of their large ticket and straight-through processing (STP) platforms.

Impact: These changes will impact merchants who use STP for Visa transactions (Moneris B2B Pay).

Application: STP interchange rates for large ticket transactions will be retired. Going forward, new large ticket interchange rates will apply. For transactions that do not qualify for the new large ticket rates, existing corporate and purchasing rates will apply. Rates have been outlined below.

The retired interchange rates are as follows:

STP Fee Program	Rate
Transaction amount: $7,000–$14,999	1.30% + $35
Transaction amount: $15,000–$49,999	1.20% + $35
Transaction amount: $50,000 and over	1.10% + $35

The new large ticket interchange rates are as follows:

Large Ticket Rate Program

Rate

Transaction amount:

$100,000–$249,999

1.30%

Transaction amount:

$250,000 and over

1.00%

Existing corporate and purchasing rates outlined below will apply for transactions that do not qualify for the new large ticket interchange rates:

Fee Program	Corporate	Purchasing
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%
Standard	2.00%	2.00%

October 2022: Visa B2B Virtual Interchange update

Effective Date: October 15, 2022 (Visa transactions submitted for clearing and settlement on October 14, 2022 will also be subject to the new interchange rates).

Description: Visa is introducing new interchange rates for their B2B Program IDs (card types) as part of their B2B Virtual Payments program. In addition, Visa has extended eligibility of the program to merchants in the merchant category codes (MCCs) outlined below.

Impact: The update will impact merchants who accept transactions initiated with virtual Visa account numbers under Visa’s B2B Virtual Payments program.

Application: The new interchange rates being added for the additional B2B Program IDs as well as newly eligible MCCs are as follows:

Additional B2B Program IDs	Description	Rate
A8	B2B Program 8	0.90%
A9	B2B Program 9	1.10%
B1	B2B Program 10	1.30%
B2	B2B Program 11	1.50%
B3	B2B Program 12	1.70%
B4	B2B Program 13	1.90%

MCC	MCC Description
4111	Local and Suburban Commuter Passenger Transportation, Including Ferries
4121	Taxicabs and Limousines
4789	Transportation Services (not elsewhere classified)
5812	Eating Places and Restaurants
5813	Drinking Places (alcoholic beverages) – Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques
5814	Fast Food Restaurants
5992	Florists
7832	Motion Picture Theaters
7922	Ticket Agencies and Theatrical Producers (except motion pictures)
7992	Public Golf Courses
9399	Government Services (not elsewhere classified)

October 2022: AMEX OptBlue Wholesale Discount updates

Effective Date: October 15, 2022 (AMEX OptBlue transactions submitted for clearing and settlement on October 14, 2022, will also be subject to the new interchange rates).

Description: American Express will introduce new wholesale discount rate programs as well as revise the merchant category codes (MCCs) that fall into the applicable industry categories. In addition, American Express will update the rate structure of their healthcare program.

Impact: The new wholesale discount rate programs will impact merchants who process AMEX OptBlue transactions. Changes to the AMEX OptBlue healthcare program will impact healthcare merchants processing AMEX OptBlue transactions.

Application: New wholesale discount programs, revised MCCs, and updates to the healthcare program have been outlined below.

New wholesale discount rate programs:

Industry Category	Credit (Card Present)		Credit (Card Not Present)		Foreign Issued Debit Card
	Tier 1	Tier 2	Tier 1	Tier 2
Emerging Markets	(All transaction sizes) 1.18%		(All transaction sizes) 1.48%		1.28%
Residential Rent	(All transaction sizes) 1.18%		(All transaction sizes) 1.38%
Utilities	(≤$1,000) $0.68	(>$1,000) 1.88%	(≤$1,000) $0.68	(>$1,000) 1.88%

Industry Category	Credit (Card Present)		Credit (Card Not Present)
	Tier 1	Tier 2	Tier 1	Tier 2
B2B/Wholesale	(≤$1,000) 1.60%	(>$1,000) 2.00%	(≤$1,000) 1.90%	(>$1,000) 2.30%
Other	(≤$500) 1.60%	(>$500) 2.00%	(≤$500) 1.90%	(>$1,000) 2.30%
Services and Professional Services

Revised healthcare program:

Industry Category	Credit (Card Present)			Credit (Card Not Present)
Industry Category	Current rate	New rate	Difference	Current rate	New rate	Difference
Healthcare (≤$500)	1.60%	(All transaction sizes) 1.34%	-0.26%	1.90%	(All transaction sizes) 1.64%	-0.26%
Healthcare (>$500)	2.00%	(All transaction sizes) 1.34%	-0.66%	2.30%	(All transaction sizes) 1.64%	-0.66%

Revised MCCs by Industry Category:

MCC	MCC Description	Current industry category	New industry category
5960	Direct Marketing – Insurance Services	B2B/Wholesale	Emerging markets
6300	Insurance Sales, Underwriting, and Premiums	B2B/Wholesale
4111	Local and Suburban Commuter Passenger Transportation	Other
4112	Passenger Railways
4131	Bus Lines
4784	Tolls and Bridge Fees
7032	Sporting and Recreational Camps
8211	Elementary and Secondary Schools
8220	Colleges, Universities, Professional Schools, and
8241	Correspondence Schools
8244	Business and Secretarial Schools
8249	Vocational and Trade Schools
8299	Schools and Educational Services (Not Elsewhere)
8351	Child Care Services
8398	Charitable and Social Service Organizations
9211	Court Costs, Including Alimony and Child Support
9222	Fines
9311	Tax Payments
9399	Government Services (Not Elsewhere Classified)
7523	Parking Lots, Parking Meters, and Garages	Services & Professional Services
7911	Dance Halls, Studios, and Schools	Services & Professional Services
6513	Real Estate Agents and Managers – Rentals	Other	Residential Rent
8050	Nursing and Personal Care Facilities	Healthcare	Residential Rent
4900	Utilities – Electric, Gas, Water, and Sanitary	Services & Professional Services	Utilities
0742	Veterinary Services	Services & Professional Services	Healthcare
4119	Ambulance Services	Services & Professional Services	Healthcare

July 2022: Mastercard Assessment Fee

Effective Date: July 1, 2022

Description: Mastercard will increase its Assessment Fee from 0.080% to 0.087% (a difference of 0.007%).

Impact: The Mastercard Assessment Fee applies to merchants that process Mastercard transactions.

Application:

Fee Name	Current Fee	New Fee	Difference
Mastercard Assessment Fee	0.080%	0.087%	0.007%

May 2022: Mastercard Credential Continuity Fee

Effective Date: May 1st, 2022

Description: Mastercard is introducing their Credential Continuity Program and a corresponding fee to address outdated credentials and help improve authorization rates for recurring card-not-present (CNP) transactions in Canada.

Impact: The Mastercard Credential Continuity Fee will apply to merchants that send a recurring CNP Mastercard transaction with outdated payment credentials.

Application: Applies to each recurring payment authorization decline made with an outdated credential after receiving response code 416 (Declined Use Updated Card) in excess of 100 declines regardless of Primary Account Number (PAN). After the 100th recurring payment authorization decline, a $0.03 USD per-transaction fee will be applied to all 100 authorization requests and any subsequent requests that meet the above criteria.

To help prevent incurring fees for submitting outdated credentials with your recurring payments, consider adding Mastercard’s Automatic Billing Updater (ABU) database service, which helps verify if Mastercard credentials are up-to-date

May 2022: Mastercard Merchant Advice Code Fee

Effective Date: May 1, 2022

Description: Mastercard is introducing a Merchant Advice Code (MAC) Fee as part of their Transaction Processing Excellence (TPE) Program for providing response codes to help minimize card-not-present (CNP) transactions that should not be re-attempted.

Impact: The MAC Fee will apply to merchants who process CNP Mastercard transactions.

Application: A fee of $0.03 USD will apply to CNP transactions following your first re-attempt of a transaction on the same card and the same amount within in the past 30 days after receiving response codes 421 (Card Declined Do Not Retry) or 422 (Stop Payment Do Not Retry).

May 2022: Mastercard Pre-authorization Fee now applies to Automatic Fuel Dispenser (MCC 5542)

Effective Date: May 1, 2022

Description: The Mastercard Pre-authorization Fee will apply to automatic fuel dispensers (AFDs) (MCC 5542) processing pre-authorized transactions in Canada.

Impact: The fee will apply to merchants in MCC 5542 who process pre-authorized Mastercard transactions in Canada.

Application: The Mastercard Pre-authorization Fee will be calculated as 0.05% of the pre-authorized completion amount, with a minimum of $0.01 USD per pre-authorization.

April 2022: Visa Interchange program for transactions using Visa Token

Effective Date: April 23, 2022

Description: Visa will introduce domestic consumer credit interchange rate programs that will provide differentiated fees for card-not-present (CNP) transactions processed using Visa EMV^® payment tokens.

Impact: The interchange cost benefit of 5bps will apply for merchants who process CNP transactions using Visa EMV^® payment tokens.

Application: The incentivized token rates are as follows:

Rate Program	Token Rates (New Programs)			Non-token Rates (Existing Rates, No Change)
Rate Program	Core	Infinite	Infinite Privilege	Core	Infinite	Infinite Privilege
Card-not-present	1.35%	1.60%	2.35%	1.40%	1.65%	2.40%
Performance Program, CNP	1.30%	1.55%	2.30%	1.35%	1.60%	2.35%
Recurring Programs	1.20%	1.48%	1.90%	1.25%	1.53%	1.95%

EMV^®is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

April 2022: Mastercard Decline Reason Code Service

Effective Date: April 11, 2022

Description: Mastercard is introducing the Decline Reason Code Service and a corresponding fee for decline reason codes to help merchants identify card-not-present (CNP) transactions that should not be re-attempted.

Impact: The Decline Reason Code Service Fee will apply to merchants who process CNP Mastercard transactions.

Application: A fee of $0.02 USD will apply to eligible CNP transactions for the Decline Reason Code Service each time you receive response code 421 (Card Declined Do Not Retry) or 416 (Declined Use Updated Card). Please see our Compliance Notices page for the February 2022-New Decline Codes.

Should your development or IT support team need to update the response codes in your technical environment, please see the new updated response code table on our Developer Portal for further details.

April 2022: Visa System Integrity Fee: Category 1 Decline Fee

Effective Date: April 1, 2022

Description: Visa will introduce a new per-transaction, non-compliance assessment fee for attempts to authorize a transaction that has previously received a Category 1 decline message.

Impact: The Visa Category 1 Decline Fee will apply to merchants who re-attempt Visa transactions.

Application: The Category 1 Decline Fee will be applied at $0.10 USD for domestic transactions and $0.15 USD for cross-border transactions each time you reattempt an authorization after receiving decline response code 421 (Card Declined Do Not Retry). Please see our Compliance Notices page for the February 2022-New Decline Codes.

Should your development or IT support team need to update the response codes in your technical environment, please see the new updated response code table on our Developer Portal for further details.

April 2022: Visa BASE II Return Fee

Effective Date: April 1, 2022

Description: Visa will introduce a new BASE II Return Fee, which will be assessed on force posted transactions (processing without authorization) where the cardholder account was found to be compromised. Merchants are always required to seek an authorization for processing a transaction.

Impact: The BASE II Return Fee will apply only to merchants who process unauthorized Visa transactions.

Application: The BASE II Return fee will be applied at $5.00 (USD) per return.

April 2022: Visa Address Verification Service Fee

Effective Date: April 1, 2022

Description: Visa will introduce an Address Verification Service (AVS) fee. The AVS enables merchants to verify a cardholder’s billing address with their issuing bank for card-not-present transactions.

Impact: The new AVS fee is applied on a per-transaction basis when the address verification yields a usable result match, including full match, partial match (street address or zip/post-code) or no match. The AVS fee will not be charged when the address is not verified, or an error condition prevents the result from being returned to the acquirer.

Application: The AVS fee will be applied at $0.001 (USD) per usable AVS result received.

April 2022 - Interac Switch Fee

Effective Date: April 1, 2022

Description: The Interac Switch (Assessment/Card Brand) fee for Interac Debit card present transactions will increase.

Impact: This fee will apply to all Interac Debit card present transactions.

Application: This fee will increase from $0.008998 to $0.009450 per transaction.

Interac Fee Name	Current Fee	New Fee	Difference
Interac Assessment/Card Brand Fee	$0.008998	$0.009450	$0.000452

November 2021: Interac Flash Interchange Update

Effective Date: November 1, 2021

Description: Merchants categorized in Transportation – Suburban and Local Commuter Passenger (MCC 4111) will qualify for Tier 1 Low-ticket merchant pricing.

Impact: This update will apply to merchants in the above specified MCCs who accept Interac Flash transactions.

Application: This update will result in an interchange reduction from $0.035 to $0.020 (-$0.015) for qualifying Interac Flash transactions.

Tiers	Flat-fee per transaction	Criteria for merchant qualification
Tier 1 Low-ticket Merchants	$0.020	Merchants in segments with an average Interac Debit transaction size below $20. Qualifying segments are Quick Service Restaurants (MCC 5814) Variety Stores (MCC 5331) Movie Theatres (MCC 7832) Convenience Stores (MCC 5499) Bakeries (MCC 5462) Dairy Product Stores (MCC 5451) Limousines and Taxicabs (MCC 4121) Transportation – Suburban and Local Commuter Passenger (MCC 4111)* News Dealers and Newsstands (MCC 5994) Charitable and Social Services Organizations (MCC 8398).
Tier 2 High-volume Merchants	$0.025	Merchants that meet a minimum annual transaction volume threshold. The transaction volume threshold is 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
Tier 3 All other Merchants	$0.035	Base interchange rate that applies to all other merchants.

* Effective November 1, 2021

October 2021: New Repeat Authorization Decline Fee for Visa Stop Payment Service

Effective Date: October 17, 2021

Description: Visa is introducing the Visa Stop Payment Service (VSPS) to replace the Pre-Authorized Payment Cancellation Service in Canada. As part of the VSPS, Visa is introducing the Repeat Authorization Decline Fee. This fee will be applied at $1.00 USD (which will be converted to Canadian dollars by Moneris if applicable) to each declined transaction, should merchants continue processing a card after three previous declines from the same stop instruction.

These fees are avoidable and are being introduced with VSPS to help protect cardholders against payments that may no longer be authorized and to help safeguard the overall integrity of the payment system.

Impact: This fee will apply to the merchant following three previous declines by the same stop instruction.

Application: The Repeat Authorization Decline Fee for the Visa Stop Payment Service will be applied as follows:

Fee Description	Frequency	Fee
Repeat Authorization Decline Fee	Per transaction (following three previous declines by the same stop instruction)	$1.00 USD*

* Converted to Canadian dollars by Moneris if applicable.

October 2021: Visa Interchange Updates - Everyday Needs and Grocery & Food Retail

Effective Date: October 16, 2021

Description: Visa will implement rate reductions to their Everyday Needs and Grocery & Food Retail interchange programs.

Impact: These modifications will reduce interchange for eligible merchants within the applicable MCCs below.

Application: The new interchange rates for each program/card type and applicable MCCs are as follows:

Interchange Program	Visa Core Products			Visa Infinite Products¹
Interchange Program	Current	New	Difference	Current	New	Difference
Everyday Needs	1.20%	1.10%	-0.10%	1.30%	1.20%	-0.10%
Grocery & Food Retail	1.00%	0.95%	-0.05%	1.20%	1.15%	-0.05%

¹ Visa Infinite Privilege products are not impacted by these modifications.

The applicable MCCs are as follows:

Everyday Needs
MCC	MCC Description
MCC 4121	Taxicabs/Limousines
MCC 5192	Books/Periodicals/Newspapers
MCC 5331	Variety Stores
MCC 5697	Tailors, Seamstresses, Mending, and Alterations
MCC 5811	Caterers
MCC 5812	Restaurants
MCC 5814	Fast Food Restaurants
MCC 5912	Drug Stores & Pharmacies
MCC 5942	Book Stores
MCC 5994	News Dealers/Newsstands
MCC 7210	Laundry, Cleaning, and Garment Services
MCC 7211	Laundries-Family/Commercial
MCC 7216	Dry Cleaners
MCC 7230	Beauty/Barber Shops
MCC 7251	Shoe Repair Shops, Shoe Shine Parlors, and Hat Cleaning Shops
MCC 7298	Health & Beauty Spas
MCC 7542	Car Washes

Grocery Food & Retail
MCC	MCC Description
MCC 5411	Grocery Stores and Supermarkets
MCC 5422	Freezer and Locker Meat Provisioners
MCC 5441	Candy, Nut and Confectionery Stores
MCC 5451	Dairy Product Stores
MCC 5462	Bakeries

October 2021: Mastercard Interchange Updates

Effective Date: April 22, 2022 (originally scheduled for October 1, 2021)

Description: Mastercard will introduce changes to their interregional interchange program. As a result, certain Consumer Interregional Interchange Programs will be introduced and others retired.

Impact: These changes will impact merchants who process Mastercard transactions.

Application: The new interregional interchange programs and retired interregional interchange programs are as follows:

New Consumer Interregional Interchange Programs:

Description	Core	Premium	Super Premium	Refund Interchange
Interregional Consumer Rate I — Digital Commerce	1.60%	1.85%	1.98%	1.00%
Interregional Consumer Rate II — Card Present	1.10%	1.85%	1.98%	1.00%
Interregional Consumer Rate III — Base	1.60%	1.85%	1.98%	1.00%

Consumer Interregional Interchange Programs to be retired:

Consumer	Core	Premium	Super Premium	Refund Interchange
Standard	1.60%	1.85%	1.98%	1.00%
Electronic	1.10%	1.85%	1.98%	1.00%

October 2021: Visa CNP manually key-entered with no ECI

Effective Date: Delayed until further notice (originally scheduled for October 1, 2021)

Description: Visa will introduce a fee applied to all Card-Not-Present (CNP) transactions manually key-entered (POS Entry Mode 01) with no Electronic Commerce Indicator (ECI). This fee will not apply to correctly flagged CNP transactions. For domestic and foreign transactions, the fee will be applied at $0.15 USD (which will be converted to Canadian dollars by Moneris if applicable).

Impact: This fee is avoidable, as it will only impact merchants who key-enter CNP transactions as POS 01 with no ECI.

October 2021: Visa Data Consistency Fee

Effective Date: Delayed until further notice (originally scheduled for October 1, 2021)

Description: Visa will introduce a non-compliance assessment that will apply when a merchant resubmits an authorization with changed data elements following a decline.

For domestic transactions, the fee will be applied at $0.10 USD (which will be converted to Canadian dollars by Moneris if applicable).
For foreign transactions, the fee will be applied at $0.15 USD (which will be converted to Canadian dollars by Moneris if applicable).

Impact: This fee will impact merchants who process foreign and domestic Visa transactions.

August 2021: Mastercard Interchange Update

Effective Date: August 2, 2021 (Mastercard transactions submitted for clearing and settlement on and after July 31, 2021 will also be subject to the new interchange rates).

Description: Mastercard will be reducing rates for the Merit 3 - Digital Commerce and the Consumer Credit Standard domestic interchange programs.

Impact: This update will impact merchants who process domestic Mastercard transactions.

Application: The updated interchange rates for each program/card type are as follows:

Interchange Program Type

Core

World

World Elite

Muse Mastercard

Current

New

Difference

Current

New

Difference

Current

New

Difference

Current

New

Difference

Merit 3 - Digital Commerce

1.76%

1.67%

-0.09%

2.00%

1.90%

-0.10%

2.24%

2.13%

-0.11%

2.39%

2.25%

-0.14%

Consumer Credit Standard

2.06%

1.96%

-0.10%

2.30%

2.19%

-0.11%

2.54%

2.42%

-0.12%

2.69%

2.54%

-0.15%

July 2021: American Express OptBlue Wholesale Discount Rate Updates

Effective Date: July 16, 2021

Description: American Express is introducing a new program for foreign issued debit cards.

Impact: This wholesale discount rate will apply to applicable foreign American Express debit transactions.

Application: The wholesale discount rates for each industry category are as follows:

Industry Category	Foreign-issued Debit Card Wholesale Discount Rate
B2B/Wholesale	1.28%
Healthcare
Mail Order and Internet
Restaurants
Retail
Services and Professional Services
Travel and Entertainment
Other

July 2021: Update to Interac Flash Interchange

Effective Date: July 7, 2021

Description: Effective January 29, 2021 Interac revised their rules to increase the Interac Flash contactless per transaction limit from $100 to $250. Issuers may optionally support Interac Flash contactless transactions up to $250 for their cardholders. As a reminder, under Interac rules, merchants are not permitted to set a per transaction limit on terminals.

Impact: The Interac Flash interchange fees currently apply to Interac contactless transactions up to $100. Effective July 7, 2021 the interchange fees will apply to all Interac contactless transactions up to $250 based each merchant’s existing tier pricing qualification.

Application: The interchange rates for each tier are as follows:

	Tiers	Flat-fee per transaction	Criteria for each merchant qualification
Interac Flash Transactions	Tier 1 Low-ticket Merchants	$0.020	Merchants in segments with an average Interac Debit transaction size below $20. Qualifying segments include: Fast Food Restaurants (MCC 5814) Variety Stores (MCC 5331) Movie Theatres (MCC 7832) Convenience Stores (MCC 5499) Bakeries (MCC 5462) Dairy Product Stores (MCC 5451) Limousines and Taxicabs (MCC 4121) News Dealers and Newsstands (MCC 5994) Charitable and Social Services Organizations (MCC 8398).
	Tier 2 High-volume Merchants	$0.025	Merchants that meet a minimum annual transaction volume threshold of 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
	Tier 3 All other Merchants	$0.035	Base interchange rate that applies to all other merchants.

June 2021: Update to Mastercard Global Wholesale Travel Transaction Program (B2B)

Effective Date: June 1, 2021

Description: Mastercard’s Global Wholesale Travel Transaction Program (B2B) assessment fee will now also apply to domestic wholesale travel transactions that are initiated with virtual Mastercard account numbers.

Impact: This assessment fee will apply to the applicable Merchant Category Codes (MCCs) listed below, should they accept and process a domestic wholesale travel transaction initiated with a virtual Mastercard.

Application: The assessment fees for the Global Wholesale Travel Transaction Program (B2B) are as follows:

B2B Program ID	Current Rate	Rates
Domestic	N/A	0.60%
International	0.60%	No change
International (USD Settlement)	0.60%	No change

The applicable MCCs are as follows:

MCC	MCC Description
MCC 3000-3350	Airlines, Airline Carriers
MCC 3351-3500	Car Rental Agencies
MCC 3501-3999	Lodging—Hotels, Motels, Resorts
MCC 4112	Passenger Railway
MCC 4131	Bus Lines
MCC 4411	Cruise/Steamship
MCC 4511	Air Carriers, Airlines—not elsewhere classified
MCC 4582	Airports, Airport Terminals, Flying Fields
MCC 4722	Travel Agencies and Tour Operators
MCC 5962	Direct Marketing—Travel-Related Arrangement Services
MCC 6513	Real Estate Agents and Managers—Rentals
MCC 7011	Lodging—Hotels, Motels, Resorts—not elsewhere classified
MCC 7012	Timeshares
MCC 7032	Recreational and Sporting Camps
MCC 7033	Campgrounds and Trailer Parks
MCC 7298	Health and Beauty Spas
MCC 7512	Automobile Rental Agency—not elsewhere classified
MCC 7513	Truck Rental
MCC 7519	Motor Home and Recreational Vehicle Rental
MCC 7991	Tourist Attractions and Exhibits
MCC 7997	Clubs—Country Clubs, Membership (Athletic, Recreation, Sports), Private Golf Courses
MCC 7999	Recreation Services—not elsewhere classified

April 2021: Discover Interchange Update

Effective Date: April 16, 2021

Description: Discover is revising domestic interchange rates and fees for Debit, Prepaid, and Credit Card Products.

Impact: This update will impact merchants who process domestic Discover transactions.

Application: The new interchange rates for each program/card type are as follows:

Acquirer Interchange Program	Debit and Prepaid Card Products
	Debit			Prepaid
	Current	New	Difference	Current	New	Difference
CPSL - Recurring Payments	1.15%	0.45%	-0.70%	1.37%	1.40%	0.03%
CPSL - Supermarket/Warehouse Clubs	1.15%	0.35%	-0.80%	1.32%	1.43%	0.11%
CPSL - Petroleum	1.15%	0.35%	-0.80%	1.18%	1.20%	0.02%
CPSL - Retail	1.15%	0.45%	-0.70%	1.45%	1.43%	-0.02%
Base Submission Level	1.15%	1.15%	0.00%	1.58%	1.55%	-0.03%

Acquirer Interchange Program	Consumer Credit Card Products
	Core/Rewards			Premium			Premium Plus
	Current	New	Difference	Current	New	Difference	Current	New	Difference
CPSL - Recurring Payments	1.37%	1.15%	-0.22%	1.56%	1.30%	-0.26%	1.96%	1.70%	-0.26%
CPSL - Supermarket/Warehouse Clubs	1.32%	1.00%	-0.32%	1.45%	1.22%	-0.23%	1.96%	1.64%	-0.32%
CPSL - Petroleum	1.18%	1.00%	-0.18%	1.35%	1.25%	-0.10%	1.96%	1.64%	-0.32%
CPSL - Retail	1.45%	1.15%	-0.30%	1.60%	1.30%	-0.30%	2.05%	1.75%	-0.30%
Base Submission Level	1.58%	1.55%	-0.03%	1.85%	1.82%	-0.03%	2.49%	2.35%	-0.14%

April 2021: Visa B2B Virtual Payments Product for Travel Spend Program

Effective Date: April 16, 2021

Description: Visa is introducing six new product codes (card types) with different interchange rates for the existing Visa B2B Virtual Payments Product for Travel Spend Program.

Impact: This update will impact merchants who accept wholesale travel transactions that are initiated with virtual Visa account numbers under the Visa B2B Virtual Payments Product for Travel Spend Program. Visa transactions within the new card types are subject to the new interchange rates.

Application: The new interchange rates for each product code/card type are as follows:

B2B Program ID	B2B Program ID Description	Rates
A1	B2B Program 1	0.80%
A2	B2B Program 2	1.00%
A3	B2B Program 3	1.20%
A4	B2B Program 4	1.40%
A5	B2B Program 5	1.60%
A6	B2B Program 6	1.80%

This program is limited to the following card acceptor business codes (MCCs):

MCC	MCC Description
MCC 3000-3350	Airlines, Airline Carriers
MCC 3351-3500	Car Rental Agencies
MCC 3501-3999	Lodging—Hotels, Motels, Resorts
MCC 4112	Passenger Railway
MCC 4131	Bus Lines
MCC 4411	Cruise/Steamship
MCC 4511	Air Carriers, Airlines—not elsewhere classified
MCC 4582	Airports, Airport Terminals, Flying Fields
MCC 4722	Travel Agencies and Tour Operators
MCC 5962	Direct Marketing—Travel-Related Arrangement Services
MCC 6513	Real Estate Agents and Managers—Rentals
MCC 7011	Lodging—Hotels, Motels, Resorts—not elsewhere classified
MCC 7012	Timeshares
MCC 7032	Recreational and Sporting Camps
MCC 7033	Campgrounds and Trailer Parks
MCC 7298	Health and Beauty Spas
MCC 7512	Automobile Rental Agency—not elsewhere classified
MCC 7513	Truck Rental
MCC 7519	Motor Home and Recreational Vehicle Rental
MCC 7991	Tourist Attractions and Exhibits
MCC 7997	Clubs—Country Clubs, Membership (Athletic, Recreation, Sports), Private Golf Courses
MCC 7999	Recreation Services—not elsewhere classified

April 2021: Visa Excess Reattempted Transactions Fee

Effective Date: April 1, 2021

Description: Visa will introduce an “Excess Reattempted Transactions” Fee for the 16th and each subsequent authorization reattempt following a declined transaction within a 30-day period. The fee will continue to apply until an approved transaction is processed, at which point the fee will reset. For domestic transactions, the fee for each reattempt will be $0.10 USD (which will be converted to Canadian dollars by Moneris if applicable). For foreign transactions, the fee for each reattempt will be $0.15 USD (which will be converted to Canadian dollars by Moneris if applicable).

Impact: This fee will impact merchants who process foreign and domestic Visa transactions.

April 2021: Interac Switch Fee

Effective Date: April 1, 2021

Description: The Interac Switch (Assessment/Card Brand) fee for Interac Debit card present transactions will increase.

Impact: This fee will apply to all Interac Debit card present transactions.

Application: This fee will increase from $0.008500 to $0.008998 per transaction.

Interac Fee Name	Current Fee	New Fee	Difference
Interac Assessment/Card Brand Fee	$0.008500	$0.008998	$0.000498

April 2021 (Revised from July 2020): Visa Foreign Assessment Fee

Effective Date: April 17, 2021 (Visa transactions submitted for clearing and settlement on April 16, 2021 will also be subject to the new fee)

Description: Visa will increase their Foreign Assessment Fees.

Impact: The new fees will apply to all foreign transactions processed on a Visa card.

Application:

Type of Transaction	Current Rate	New Rate	Difference
Multi-currency	0.40%	0.60%	0.20%
Single-currency (card present)	0.80%	1.00%	0.20%
Single-currency (card not present)	0.85%	1.00%	0.15%

November 2020: Interac Flash Interchange Update

Effective Date: November 1, 2020

Description: Merchants categorized in Limousines and Taxicabs (MCC 4121) and News Dealers and Newsstands (MCC 5994) will qualify for Tier 1 Low-ticket merchant pricing.

Impact: This update will apply to merchants in the above specified MCCs who accept Interac Flash transactions.

Application: This update will result in an interchange reduction from $0.035 to $0.020 (-$0.015) for qualifying Interac Flash transactions.

Tiers	Flat-fee per transaction	Criteria for merchant qualification
Tier 1 Low-ticket Merchants	$0.020	Merchants in segments with an average Interac Debit transaction size below $20. Qualifying segments are Quick Service Restaurants (MCC 5814) Variety Stores (MCC 5331) Movie Theatres (MCC 7832) Convenience Stores (MCC 5499) Bakeries (MCC 5462) Dairy Product Stores (MCC 5451) Limousines and Taxicabs (MCC 4121) News Dealers and Newsstands (MCC 5994) Charitable and Social Services Organizations (MCC 8398).
Tier 2 High-volume Merchants	$0.025	Merchants that meet a minimum annual transaction volume threshold. The transaction volume threshold is 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
Tier 3 All other Merchants	$0.035	Base interchange rate that applies to all other merchants.

October 2020: Mastercard Global Wholesale Travel Program

Effective Date: October 16, 2020

Description: Mastercard is introducing five new product codes (card types) with different interchange rates for the existing Mastercard Global Wholesale Travel Program.

Impact: This update will impact merchants who accept wholesale travel transactions that are initiated with virtual Mastercard account numbers under the Mastercard Enterprise Solution Wholesale Travel Program.

Application: The new interchange rates for each product code/card type are as follows:

Product Code / Card Type	Current Interchange Rate	New Interchange Rate (effective Oct 16, 2020)	Difference
MBS - Mastercard B2B Product 1 (Existing)	2.00%	No Change	N/A
MBA - Mastercard B2B Product 2 (New)	N/A	1.80%	N/A
MBG - Mastercard B2B Product 3 (New)	N/A	1.60%	N/A
MBH - Mastercard B2B Product 4 (New)	N/A	1.40%	N/A
MBI - Mastercard B2B Product 5 (New)	N/A	1.20%	N/A
MBJ - Mastercard B2B Product 6 (New)	N/A	1.00%	N/A

July 2020: Mastercard Digital Commerce Development Fee Clarification

Effective July 20, 2020, Mastercard’s Digital Commerce Development Fee of 0.02% will no longer apply to ecommerce transactions made on virtual B2B cards that qualify for Mastercard’s Global Wholesale Travel Transaction Program.

The Digital Commerce Development Fee was introduced on May 1, 2018 on all ecommerce transactions except for those that qualify for the Humanitarian and Enterprise Solution Freight Interchange Programs.

The Global Wholesale Travel Transaction Program applies to wholesale travel transactions that are initiated with virtual Mastercard account numbers, and applies only to select Merchant Category Codes (MCCs) listed below:

MCC	MCC Description
MCC 3000-3350	Airlines, Airline Carriers
MCC 3351-3500	Car Rental Agencies
MCC 3501-3999	Lodging—Hotels, Motels, Resorts
MCC 4112	Passenger Railway
MCC 4131	Bus Lines
MCC 4411	Cruise/Steamship
MCC 4511	Air Carriers, Airlines—not elsewhere classified
MCC 4582	Airports, Airport Terminals, Flying Fields
MCC 4722	Travel Agencies and Tour Operators
MCC 5962	Direct Marketing—Travel-Related Arrangement Services
MCC 6513	Real Estate Agents and Managers—Rentals
MCC 7011	Lodging—Hotels, Motels, Resorts—not elsewhere classified
MCC 7012	Timeshares
MCC 7032	Recreational and Sporting Camps
MCC 7033	Campgrounds and Trailer Parks
MCC 7298	Health and Beauty Spas
MCC 7512	Automobile Rental Agency—not elsewhere classified
MCC 7513	Truck Rental
MCC 7519	Motor Home and Recreational Vehicle Rental
MCC 7991	Tourist Attractions and Exhibits
MCC 7997	Clubs—Country Clubs, Membership (Athletic, Recreation, Sports), Private Golf Courses
MCC 7999	Recreation Services—not elsewhere classified

May 2020: Mastercard Interchange Program and Rate Changes

Effective Date: May 1, 2020 (Mastercard transactions submitted for clearing and settlement on April 30, 2020 will also be subject to the new interchange rates). *Please note*: the implementation date has been delayed to August 1, 2020. For details, refer to the “Interchange 2020: Visa and Mastercard Updates Delayed” section above.

Description: Mastercard will make a significant change to their domestic interchange structure to focus on elements of security and reflect the risk of the transaction. As part of this change, Mastercard will replace the majority of their existing domestic interchange programs with new programs that reflect the degree of risk associated with the type of transaction.

Impact: This update will impact merchants who process domestic Mastercard credit card transactions. Mastercard Debit transactions will remain unchanged.

Application:

Summary of Domestic Interchange Program Changes

Remove	Update	New
Merchant Volume Tier 1, 2 3	Standard	Merit 1 – Card Present EMV
Supermarket	Charity	Merit 2 – Unsecure Card Present
High Volume Supermarket	Commercial Programs	Merit 3 – Digital Commerce
Everyday Spend Category		Contactless
Petroleum		3DS
Contactless (less than or = $25 CAD)		Card Present Refund (Merit 1 & 2)
Electronic		Card Not Present Refund (Merit 3 & Standard)
Recurring
SecureCode-enabled
Masterpass
Emerging Sectors
Public Sector

Current Domestic Consumer Interchange Rates
The current Mastercard domestic consumer interchange rates can be found here.

New Domestic Consumer Credit Interchange Rates

Card Present Transactions

Program Name	Type of Transaction	Core	World	World Elite	Muse*
Contactless	Tap	0.87%	1.16%	1.48%	1.57%
Merit 1 – Card Present EMV	Chip	0.92%	1.22%	1.56%	1.65%
Merit 2 – Unsecure Card Present	Mag Swipe & Late Presentment	1.22%	1.52%	1.86%	1.95%

Card Not Present Transactions

Program Name	Type of Transaction	Core	World	World Elite	Muse*
3DS	3DS	1.50%	1.70%	1.90%	2.03%
Merit 3 – Digital Commerce	Digital	1.76%	2.00%	2.24%	2.39%
Standard	Keyed-In	2.06%	2.30%	2.54%	2.69%

Refund Transactions:

The programs below will receive lower interchange rates for refund transactions.

Program Name	Type of Transaction	Core	World	World Elite	Muse*
Card Present Refund (Merit 1 & 2)	Mag Swipe & Late Presentment & Chip	0.55%	0.73%	0.94%	0.99%
Card Not Present Refund (Standard & Merit 3)	Keyed-In & Digital & Standard	1.06%	1.20%	1.34%	1.43%

Please note Moneris will begin sending return/refund transactions to card issuers for authorization to comply with a new mandate. As a result, Mastercard return transactions sent for authorization may result in a greater proportion of the interchange rate returned at the time of settlement. For more details, visit Moneris.com/Compliance.

Updates to Charity Program Domestic Interchange Rates

Card Type	Current	New	Difference
Core	1.00%	0.92%	-0.08%
World	1.25%	1.22%	-0.03%
World Elite	1.50%	1.56%	0.06%
Muse*	N/A	1.65%	-

Updates to the Commercial Programs

The existing Commercial Programs will:

Split into two business segments (Small Medium Enterprise & Large Market) to distinguish between Corporate and SME where the interchange rates remain unchanged at 2.00%.
Introduce a new World Elite for Business segment with an interchange rate of 2.25%. World Elite Mastercard for Business is a card product that targets business users.

*Mastercard Muse is a new premium card product that targets high-net-worth individuals and very high spending consumers. It will launch in Canada in August 2020.

April 2020: Visa Interchange Program and Rate Changes

Effective Date: April 18, 2020 (Visa transactions submitted for clearing and settlement on April 17, 2020 will also be subject to the new interchange rates). *Please note*: the implementation date has been delayed to July 18, 2020. For details, refer to the “Interchange 2020: Visa and Mastercard Updates Delayed” section above.

Description: Visa will make updates to some of their existing domestic interchange programs and reducing select domestic consumer credit interchange rates.

Impact: This update will impact merchants who process domestic Visa transactions.

Application:

Summary of Domestic Interchange Program Changes

Remove	Update	New
Performance Fee Program Tier 2	Emerging Segment Fee Program	Utilities Fee Program
	Performance Fee Program Tier 1 (to be renamed to “Performance Program – Card Present”)	Emerging Segment Preferred Fee Program
		Performance Program – Card Not Present

New Domestic Consumer Credit Interchange Rates

Rate Program	Consumer
	Current	New	Difference
Standard	1.52%	1.45%	-0.07%
Electronic	1.42%	1.25%	-0.17%
Card Not Present	1.52%	1.40%	-0.12%
Industry Program - Gas	1.18%	1.07%	-0.11%
Industry Program - Grocery	1.23%	1.00%	-0.23%
Industry Program - Everyday Needs	1.36%	1.20%	-0.16%
Recurring Payments	1.37%	1.25%	-0.12%
Emerging Segments	0.98%	0.98%	0.00%
Performance Program - Card Present	1.32%	1.20%	-0.12%
Performance Program - Card Not Present	N/A	1.35%	-
Industry Program - Utilities*	N/A	$0.75 CAD	-
Emerging Segments - Preferred*	N/A	0.80%	-

Rate Program	Infinite
	Current	New	Difference
Standard	1.71%	1.70%	-0.01%
Electronic	1.61%	1.57%	-0.04%
Card Not Present	1.71%	1.65%	-0.06%
Industry Program - Gas	1.37%	1.34%	-0.03%
Industry Program - Grocery	1.42%	1.20%	-0.22%
Industry Program - Everyday Needs	1.54%	1.30%	-0.24%
Recurring Payments	1.56%	1.53%	-0.03%
Emerging Segments	1.17%	1.17%	0.00%
Performance Program - Card Present	1.52%	1.49%	-0.03%
Performance Program - Card Not Present	N/A	1.60%	-
Industry Program - Utilities*	N/A	$0.75 CAD	-
Emerging Segments - Preferred*	N/A	1.00%	-

Rate Program	Infinite Privilege
	Current	New	Difference
Standard	2.45%	2.45%	0.00%
Electronic	2.08%	2.08%	0.00%
Card Not Present	2.45%	2.40%	-0.05%
Industry Program - Gas	1.95%	1.95%	0.00%
Industry Program - Grocery	1.95%	1.95%	0.00%
Industry Program - Everyday Needs	1.95%	1.95%	0.00%
Recurring Payments	1.95%	1.95%	0.00%
Emerging Segments	1.95%	1.95%	0.00%
Performance Program - Card Present	1.95%	1.95%	0.00%
Performance Program - Card Not Present	N/A	2.35%	-
Industry Program - Utilities*	N/A	$0.75 CAD	-
Emerging Segments - Preferred*	N/A	1.95%	-

*Qualification is based on your MCC, ticket size and the convenience/service fee charged per transaction. You may qualify for these programs if you meet the criteria below:

Eligible Emerging Segments and Transaction Amounts

Transaction Amount	MCC	Description
Any	4900	Utilities – Electric, Gas, Water, and Sanitary
	6513	Real Estate Agents and Managers - Rentals
	8050	Nursing and Personal Care Facilities
	8398	Charitable Social Service Organizations
	8661	Religious Organizations
	9311	Tax Payments
Equal to or greater than CAD$1,000.00	8211	Elementary and Secondary Schools
	8220	Colleges, Universities, Professional Schools, and Junior Colleges
	8351	Child Care Services

Maximum Convenience/Service Fee Levels

Rate Program

Consumer Credit

Consumer Debit

Emerging Segments - Preferred

Up to 1.60%

Up to CAD$1.00 per transaction

(Rent, Tax and Childcare MCCs)

Up to CAD$20.00 per transaction

(Education and Long-Term Care MCCs)

Industry Program - Utilities

Up to CAD$2.00 per transaction

Up to CAD$1.00 per transaction

If you meet the eligibility criteria for the Emerging Segments – Preferred Program and/or the Industry Program - Utilities, please contact us for review.

If you want more information on the other Visa programs outlined in the table above, refer to this page.

New Domestic Consumer Debit Interchange Rates

The new rate programs below will be assigned Visa Debit interchange rates. Visa Debit interchange rates for existing programs will remain unchanged.

Rate Program	Visa Debit
	Current	New
Industry Program - Utilities	N/A	$0.10 CAD
Emerging Segments - Preferred	N/A	$1.00 CAD

Interchange 2020: Frequently Asked Questions

1. What are the interchange updates? What is the difference between Visa changes and Mastercard changes?
Visa and Mastercard announced changes to their domestic interchange programs and rates that will take effect on April 18, 2020 and May 1, 2020 respectively.

Visa will be updating their interchange programs and reducing select interchange rates with their current interchange structure largely remaining unchanged. Specific details can be found here.
Mastercard will be making a significant change to how they assign interchange rates. They will also be updating their domestic interchange programs. Specific details can be found here.

2. Why are Visa and Mastercard making these changes?
Visa and Mastercard are making these changes to align with their revised voluntary commitment to the Government of Canada to reach an average effective interchange rate of 1.40% (from 1.50%) on domestic consumer credit transactions. For more information, refer to this page.

3. Does that mean all the Visa and Mastercard interchange rates will be lowered?
Visa and Mastercard are taking different approaches to achieve an average effective interchange rate of 1.40% on domestic consumer credit transactions:

Visa will reduce select interchange rates and introduce some new fee programs with lower rates.
Mastercard will update their domestic interchange structure to focus on elements of security and reflect the risk of the transaction. For example, transactions that leverage secure technology to lower the risk of processing will receive lower interchange rates. Higher risk transactions such as late presentments and manually keyed transactions will receive higher interchange rates. This new structure will help incentivize merchants to adopt more secure technologies and practices to process payments.

Overall, the changes in rates are specific to your business segment/Merchant Category Code (MCC), transaction volume, method of acceptance and card mix (types of card).

4. Will the rates impact all my transactions?
The interchange rates will vary depending on your MCC, the type of transaction, method of acceptance and card mix (types of card).

5. Will my processing costs increase or decrease?
Visa and Mastercard are introducing the interchange updates to support the Government of Canada in lowering the average effective interchange rate to 1.40% on domestic consumer credit transactions. As a result, you will likely see a reduction in the cost of processing such transactions. However, your overall processing costs will still be largely dependent on your MCC, the type of transaction, method of acceptance and card mix (types of card).

6. Can you reduce my interchange rates?
No, Moneris does not set interchange rates. Interchange rates are set and regulated by the card brands and passed through to you by Moneris.

7. If the interchange rates for Visa and Mastercard are decreasing, can Moneris apply the new rates for me now?
No, Moneris does not set interchange rates. Interchange rates are set and regulated by the card brands and passed through to you by Moneris. As set by Visa and Mastercard, the new rates will be implemented in April and May 2020.

8. Is there anything I need to do to get the new rates?
There is no action required from you. You will be able to review the new rates on your statement.

9. Will there be any changes to my statement?
There will be changes to the naming of the fees and the programs in your statement in accordance with the interchange updates. For more details, refer to the official communication that Moneris will send out in early January 2020.

10. What is a card present transaction?
A card present transaction is defined as a contact or contactless transaction where both the card and the cardholder are present.

11. What is a card not present transaction?
A card not present (CNP) transaction is a transaction where the card, the cardholder, and/or the merchant is not present at the time of the transaction. Mail order, telephone order, electronic commerce (ecommerce), and recurring payment transactions are examples of CNP transactions.

Interchange 2020: Visa and Mastercard Updates Delayed

Given the evolving impacts of the COVID-19 pandemic, Visa and Mastercard have announced new implementation dates for their April and May 2020 interchange program and rate updates. The new Visa and Mastercard implementation dates are now July 18, 2020 and August 1, 2020, respectively.

Both card brands remain committed to lowering the average effective interchange rate to 1.40% (from 1.50%) on consumer credit transactions. As a result, the Visa and Mastercard interchange and rate changes will continue to be effective on their original effective dates of April 18, 2020 and May 1, 2020 respectively, but through a reconciliation approach.

What does this mean?

Visa transactions processed between April 18, 2020 and July 17, 2020 are subject to the new rates, but the rate changes will be calculated retroactively and any adjustments will be applied to merchant accounts after the reconciliation takes place.
Mastercard transaction processed between May 1, 2020 and July 31, 2020 are subject to the new rates, but the rate changes will be calculated retroactively and any adjustments will be applied to merchant accounts after the reconciliation takes place.

Moneris is working with the card brands to determine the details of the reconciliation process, and is committed to keeping you informed of the changes.

For more information about Visa’s response to COVID-19, visit this page. For more information about Mastercard’s response to COVID-19, visit this page.

You can also find the specific interchange program and rate updates in the sections below.

April 2020: Interac Switch Fee

Effective Date: April 1, 2020

Description: The Interac Switch (Assessment/Card Brand) fee for Interac Debit card present transactions will increase.

Impact: This fee will apply to all Interac Debit card present transactions.

Application: This fee will increase from $0.0080 to $0.0085 per transaction.

Interac Fee Name

Current Fee

New Fee

Difference

Interac Assessment/

Card Brand Fee

$0.0080

$0.0085

$0.0005

November 2019: Mastercard New Pre-authorization Fee for Pre-authorization Transactions

Effective November 4, 2019, Mastercard will be introducing a new fee for each approved pre-authorization transaction. The Mastercard Pre-authorization Fee will be calculated as the maximum of 0.05% of the authorized amount or $0.01 USD per pre-authorization transaction.

November 2019: Mastercard Assessment Fee on Refund/Return Transactions

Effective November 1, 2019, the Mastercard Assessment Fee of 0.08% will no longer only apply on purchases, but will also apply on all refund/return transactions (whether processed in Canadian or non-Canadian currencies).

October 2019: Mastercard Transaction Processing Excellence (TPE) Program

Mastercard is introducing two new fees as part of its Transaction Processing Excellence (TPE) Program to drive positive processing behaviour:

Excessive Authorization Attempts Fee
Nominal Amount Authorization Fee

Moneris will pass through these Mastercard fees to merchants if their processing activities trigger the fees, as described below.

Excessive Authorization Attempts Fee
Mastercard is introducing a fee for merchants who submit excessive authorization attempts. Mastercard defines an excessive authorization attempt as each authorization (i) after 20 previously declined authorizations, (ii) made on the same card, (iii) on the same merchant account, and (iv) within a 24-hour period.

Effective October 14, 2019*, for each excessive authorization attempt as defined above, a fee of US$0.10 will be applied. If you incur this fee, it will be passed through to your account and appear as “Excessive Authorization Attempts Fee” on your statement.

Below is a common example of an excessive authorization attempt:

A merchant’s ecommerce site is attacked by a fraudster, who uses a bot to make purchase attempts repeatedly as a way to test if a credit card number is valid.

Taking the following actions may reduce the risk of excessive authorization attempts and help you avoid this fee:

Add an anti-spam program: web applications like CAPTCHA that ask the user to answer a response test can be used to determine whether the user making the purchase is a human or a robot
Ask for CVC2:
- this confirms that the customer has the physical card or is in possession of the card when they call in
- allows the issuer to match the 3 digit code provided by the customer to what is on record
Activate Mastercard Identity Check (formerly SecureCode): this tool helps authenticate the cardholder and the credit card during the online shopping process
Use Address Verification Service (AVS): matches the address the customer provided to the address on record with the credit card company

There is no single solution to fraud. However, combining the above recommendations can help significantly reduce fraudulent transactions and your risk of triggering the Excessive Authorization Attempts Fee. For more information about how you can minimize the risk of fraud, visit Moneris.com/fraud.

Nominal Amount Authorization Fee
Mastercard is introducing a fee to deter merchants from validating a card’s status by authorizing a nominal amount and subsequently reversing the authorization. Mastercard defines nominal amount as equal to or less than CAD$1.00 (or an equivalent single unit of currency, if the transaction currency is not CAD).

Effective October 14, 2019, for each nominal amount authorization (as defined above) received for a card-not-present (CNP) transaction that the merchant subsequently reverses, a fee of US$0.045 will be applied. If you incur this fee, it will be passed through to your account and appear as “Nominal Amount Authorization Fee” on your statement.

Below is a common example of a reversal of an approved nominal amount authorization:

CNP merchants often receive cardholder information first (via ecommerce, telephone or mail) before they can actually charge the card. For example, a customer opts-in to a monthly magazine subscription by a mailed form, but the merchant can only charge the customer at the end of the month. As a way of verifying cardholder information, the merchant authorizes a nominal amount transaction, then subsequently reverses the transaction.

Taking the following actions can help you minimize the risk of triggering this fee:

Pre-authorize the transaction for the full amount and complete or reverse the transaction within 30 days.
Follow the correct cardholder verification process and use card verification for any account status checks. For more information on the cardholder verification process, visit developer.moneris.com or contact us at 1-844-204-8626.

*Revised from July 15, 2019

October 2019: Mastercard Humanitarian Interchange Program

Mastercard is making the Humanitarian Program available in Canada to address the delivery of digital aid via prepaid products. Mastercard is updating the interchange and implementing a single assessment fee for the below product codes in Canada effective *October 18, 2019.

Product	Standard Interchange Rate *Effective October18, 2019**	*Single Assessment Effective October 18, 2019**
Debit Mastercard® Humanitarian Prepaid	1.65%	0.25%
Mastercard® Humanitarian Prepaid	1.65%	0.25%

*Revised from April 12, 2019

October 2019: Mastercard Enterprise Solution Freight Interchange Program

Mastercard is introducing the Mastercard Enterprise Solution Freight Program Interchange Program effective *October 18, 2019. Mastercard Enterprise Solution Freight Program interchange rates and assessment fees apply to freight transactions that are acquired anywhere in the world and that are initiated with virtual Mastercard account numbers issued anywhere in the world.

Interchange Program	*Interchange Rate Effective October 18, 2019**	*Assessment Fee Effective October 18, 2019**
Mastercard Enterprise Solution Freight Program	1.80%	0.50%

Mastercard Enterprise Solution Freight Program is limited to the following card acceptor business codes (MCCs) within freight industry:

MCC	MCC Description
3000-3350	Airlines, Air Carriers
4011	Railroads, Freight
4214	Motor Freight Carriers, Trucking— Long Distance, Moving and Storage Companies, Local Delivery
4215	Courier Services —Air and Ground, Freight Forwarders
4511	Air Carriers, Airlines—not elsewhere classified
4789	Transportation Services—not elsewhere classified
4112	Passenger Railways
4111	Transportation—Suburban and Local Commuter Passenger, including Ferries
7299	Other Services—not elsewhere classified
9311	Tax Payments
9402	Postal Services—Government Only
9399	Government Services—not elsewhere classified

*Revised from April 12, 2019

October 2019: Visa Domestic Emerging Segments Fee Religious Organizations Inclusion

Effective October 18 2019, Visa will expand the domestic Emerging Segments Fee Program to include MCC 8661—Religious Organizations resulting in lower interchange rates for qualifying transactions.

Emerging Fee Program	Interchange Rates
CONSUMER	0.98%
INFINITE	1.17%
CORPORATE	1.80%
INFINITE PRIVILEGE	1.95%

October 2019: Mastercard Revised Interchange Rates for Foreign Refunds/Return

Effective October 18, 2019, the Mastercard interchange rate for foreign refunds/return transactions will no longer equal the interchange of the original foreign purchase transaction. Instead, the Mastercard interchange rate for foreign refunds/return transactions will correspond to the foreign card type: 1.00% for consumer cards, and 1.80% for commercial cards.

October 2019: Mastercard Life Cycling Cross-Border Commercial Purchasing

Effective October 18, 2019, Mastercard will no longer be supporting the following fee programs: i) Purchasing Large Ticket with an interchange rate of 0.90% + USD 30.00; and ii) Commercial Purchasing Data Rate II with an interchange rate of 1.70%. Instead, transactions previously categorized under those fee programs will be redirected to other fee programs based on the characteristics of the transactions. This will impact your cost of processing should you process these types of transactions.

October 2019: Interac Flash Interchange Update for Charitable & Social Services Organizations

Effective October 1, 2019, Interac announced that merchants categorized in Charitable & Social Services Organizations (MCC 8398) will qualify for Tier 1 – Low-ticket merchants pricing, with a fee of $0.02 which will result in lower interchange for qualifying transactions.

Interac Flash Tiers	Interchange Fee	Qualification Criteria
Tier 1 Low-ticket merchants	$0.020	Qualifying segments are: Quick Service Restaurants (MCC 5814) Convenience Stores (MCC 5331) Movie Theatres (MCC 7832) Vending Machines (MCC 5499) Bakeries (MCC 5462) Dairy Product Stores (MCC 5451) Charitable & Social Services Organizations (MCC 8398)*
Tier 2 High volume merchants	$0.025	Merchants that meet a minimum annual transaction volume threshold of 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
Tier 3 All other merchants	$0.035	Standard interchange rate that applies to all other merchants.

*Effective October 1, 2019

September 2019: UnionPay Update for Cross-Border Ecom Transactions - Insurance

UnionPay has announced Interchange and Assessment Fee updates specific to Insurance MCCs (5960, 6300) for cross-border ecommerce transactions effective September 6, 2019.

Fee Description For Cross-Border Ecommerce Transactions	Current UnionPay Rates For Insurance MCCs (5960, 6300)	UnionPay Rates For Insurance MCCs (5960, 6300) Effective September 6, 2019
Interchange Fee	1.15%	1.20%
Assessment Fee	0.00%	0.20%

September 2019: Visa Revised Foreign Assess Fee - Single-Currency CNP

Visa is increasing its Foreign Assessment Fee for single-currency card-not-present (CNP) transactions from 0.80% to 0.85% effective September 1, 2019. A transaction is considered single-currency when the transaction is conducted in the currency of the Visa Card used.

Transaction Jurisdiction

Current Visa
Foreign Assessment Fee

Visa Foreign
Assessment Fee Effective September 1, 2019*

International –

Single-currency CNP

0.80%

0.85%

*Revised from April 1, 2019

June 2019: Mastercard Foreign Assessment Fees

Mastercard categorizes foreign transactions as those that are either submitted in the local currency of the merchant or those that are not submitted in the local currency of the merchant.

In Canada, a transaction is considered ‘submitted in the local currency of the merchant’ when the transaction is conducted in Canadian Dollars.
In Canada, a transaction is considered ‘not submitted in the local currency of the merchant’ when the transaction is conducted in a currency that is different from the Canadian Dollar.

Below are common examples of Mastercard foreign transactions that are categorized as ‘submitted in the local currency of the merchant’ and those that are categorized as ‘not submitted in the local currency of the merchant’:

If you have an account that processes payments in Canadian Dollars:

A foreign transaction that is submitted in Canadian Dollars (local currency of the merchant) occurs when your customer presents a Mastercard Card issued in an international currency (e.g. Euros) and pays for the goods or services in Canadian Dollars.
A foreign transaction that is not submitted in Canadian Dollars (not submitted in the local currency of the merchant) occurs when your customer presents a Mastercard Card issued in an international currency (e.g. Euros) and opts in for Dynamic Currency Conversion (DCC) to pay for the goods or services in Euros.

If you have an account that processes payments in US Dollars:

Any foreign transaction would be categorized as not submitted in Canadian Dollars, since your goods and/or services are retailed in US Dollars. As a result, your customers pay for the goods or services in US Dollars (i.e. not in Canadian Dollars).

The following table outlines the current rates associated with Mastercard foreign transactions.

Type Of Foreign Transaction	Mastercard Foreign Assessment Fee
Submitted in Canadian Dollars	0.60%
Not Submitted in Canadian Dollars	1.00%

Effective June 1, 2019, Moneris will be making adjustments to merchant accounts to ensure the Mastercard foreign assessment fees are properly applied.

June 2019 - Visa Foreign Assessment Fees

Visa categorizes foreign transactions as either multi-currency or single-currency transactions:

A transaction is considered multi-currency when the transaction is conducted in a currency that is different from the currency of the Visa Card used.
A transaction is considered single-currency when the transaction is conducted in same the currency of the Visa Card used.

Below are common examples of Visa multi-currency and single-currency foreign transactions:

If you have an account that processes payments in Canadian Dollars:

A multi-currency transaction occurs when your customer presents a Visa Card issued in an international currency (e.g. Euros) and pays for the goods or services in Canadian Dollars.
A single-currency transaction occurs when your customer presents a Visa Card issued in an international currency (e.g. Euros) and opts in for Dynamic Currency Conversion (DCC) to pay for the goods or services in Euros.

If you have an account that processes payments in US Dollars:

A multi-currency transaction occurs when you accept a foreign Visa Card that is not denominated in US Dollars.
A single-currency transaction occurs when you accept a foreign Visa Card that is denominated in US Dollars.

The following table outlines the current rates associated with Visa multi-currency and single-currency foreign transactions.

Type Of Foreign Transaction	Visa Foreign Assessment Fee
International – Multi-currency Card-Present and Card-Not-Present	0.40%
International – Single-currency Card-Present	0.80%
International – Single-currency Card-Not-Present	0.85% (Effective April 1, 2019)

Effective June 1, 2019, Moneris will be making adjustments to merchant accounts to ensure the Visa foreign assessment fees are properly applied.

May 2019: UnionPay Mail Order/Telephone Order (MOTO) Interchange Rate

UnionPay mail order/telephone order (MOTO) transactions were previously categorized as e-commerce transactions with an interchange rate of 1.10%. Effective May 1, 2019, UnionPay MOTO transactions will be subject to the new interchange of 1.50%.

May 2019: Mastercard Revised Interchange Rates - Standard Transactions

Effective May 1, 2019, Mastercard is updating the interchange rates for standard transactions in Canada. Any Mastercard transactions submitted for clearing and settlement on April 30, 2019 and onwards are subject to the new interchange rates.

Standard Transactions	Current Interchange Rates	Interchange Rates Effective May 1, 2019
CORE	1.58%	1.65%
WORLD	2.19%	2.29%
WORLD ELITE	2.49%	2.79%

May 2019 - Mastercard Revised Foreign Assess Fees - Foreign Refund

Effective May 6, 2019*, Mastercard will apply its foreign assessment fee to foreign refund/return transactions.

Foreign Transaction Type

Foreign Assessment Fee

Applicable to Refunds

Effective May 6, 2019

Not submitted in CAD

1.00%

Submitted in CAD

0.60%

*Original effective date posted was May 1, 2019, however Mastercard later revised the new effective date to be May 6, 2019.

April 2019: Interac Flash Interchange Update to Tier-1 Pricing

Interac has announced that merchants belonging to the following business segments (Merchant Categories) will qualify for Tier 1 – Low ticket Merchants pricing for Interac Flash interchange effective April 2, 2019:

Merchant Category Code	Merchant Category Description	Tier-1 Interac Flash Pricing Effective April 2, 2019
5451	Dairy Product Stores	$0.02
5462	Bakeries	$0.02

April 2019: Mastercard Humanitarian Interchange Program

Mastercard is making the Humanitarian Program available in Canada to address the delivery of digital aid via prepaid products. Mastercard is updating the interchange and implementing a single assessment fee for the below product codes in Canada effective April 12, 2019.

Product	Standard Interchange Rate effective April 12, 2019	Single Assessment Effective April 12, 2019
Debit Mastercard® Humanitarian Prepaid	1.65%	0.25%
Mastercard® Humanitarian Prepaid	1.65%	0.25%

April 2019: Visa Revised Foreign Assessment Fee for Single-Currency CNP

Visa is increasing its Foreign Assessment Fee for single-currency card-not-present (CNP) transactions from 0.80% to 0.85%. A transaction is considered single-currency when the transaction is conducted in the currency of the Visa Card used.

Transaction Jurisdiction

Current Visa

Foreign Assessment Fee

Visa Foreign

Assessment Fee Effective April 1, 2019

International –

Single-currency CNP

0.80%

0.85%

April 2019: Visa Revised Assessment Fee

Visa is increasing its Assessment Fee in Canada to 9 basis points (bps) for gross merchant sales volume processed on Visa cards acquired in Canada effective April 1, 2019.

Transactions

Current Visa

Assessment Fee

Visa Assessment Fee Effective April 1, 2019

Gross merchant sales volume processed on Visa cards acquired in Canada

0.08%

0.09%

January 2019: Revised Intracountry Interchange Programs in the Canada

Mastercard is updating the interchange rates across Canada, effective January 1, 2019.

Mastercard Interchange Changes Coming January 1, 2019
TYPE	CORE
TYPE	Current	Future	Delta
Standard	1.58%	1.58%	-
Electronic	1.44%	1.30%	-0.14%
Performance Program - Tier 1 ($3B)	1.26%	1.26%	-
Performance Program - Tier 2 ($1B)	1.36%	1.30%	-0.06%
Performance Program - Tier 3 ($400M)	1.38%	1.30%	-0.08%
Masterpass / SecureCode	1.44%	1.30%	-0.14%
Recurring	1.36%	1.30%	-0.06%
Everyday Spend	1.38%	1.30%	-0.08%
TYPE	WORLD
TYPE	Current	Future	Delta
Standard	2.29%	2.19%	-0.10%
Electronic	1.71%	1.42%	-0.29%
Performance Program - Tier 1 ($3B)	1.38%	1.38%	-
Performance Program - Tier 2 ($1B)	1.48%	1.42%	-0.06%
Performance Program - Tier 3 ($400M)	1.51%	1.42%	-0.09%
Masterpass / SecureCode	1.71%	1.42%	-0.29%
Recurring	1.48%	1.42%	-0.06%
Everyday Spend	1.51%	1.42%	-0.09%
TYPE	WORLD ELITE
TYPE	Current	Future	Delta
Standard	2.79%	2.49%	-0.30%
Electronic	2.06%	1.86%	-0.20%
Performance Program - Tier 1 ($3B)	1.90%	1.82%	-0.08%
Performance Program - Tier 2 ($1B)	1.90%	1.86%	-0.04%
Performance Program - Tier 3 ($400M)	1.90%	1.86%	-0.04%
Masterpass / SecureCode	2.06%	1.86%	-0.20%
Recurring	1.90%	1.86%	-0.04%
Everyday Spend	1.90%	1.86%	-0.04%

November 2018: Revised Mastercard Acquirer Cross-border Fee

Effective November 4, 2018, Mastercard is revising its Acquirer Cross-Border fee. The new fee will apply to all Mastercard foreign transactions submitted for clearing and settlement on November 3rd and onwards.

Mastercard will revise the Acquirer Cross-Border fees as follows:

Mastercard Foreign Transactions	Current Acquirer Cross-Border Fee	Acquirer Cross-Border Fee as of Nov. 4, 2018
Submitted in the local currency of the merchant (i.e. Settlement is in CAD)	0.40%	0.60%
Not submitted in the local currency of the merchant and collection only (i.e. Settlement is in USD)	0.80%	1.00%

For information on how these changes will impact your costs of processing foreign Mastercard transactions, please review your July statement message or the letter you received from Moneris. If you did not receive or cannot find the statement message or letter, please contact your Moneris Account Manager or call our 24/7 Customer Service number at 1-844-204-8626.

August 2018: Interac Switch Fee Update

Interac has recently announced fee changes. Please see below for more details about this announcement and how it will be applied to merchant accounts.

Notification Date	Effective Date	Fee Details
May 1, 2018	August 7, 2018	Effective August 7, 2018, Interac assessment/card brand fee will be updated to $0.008 per transaction This fee will be listed in the Transaction Fees section on merchant statements

Interac transactions impacted by this update

All card brand/assessment fees for Interac Debit, Interac Flash and Interac Mobile Flash (contactless) are being updated to $0.008 per transaction
Interac In-App and Interac Online transactions are excluded from this update

May 2018: Mastercard Digital Commerce Fee

Mastercard is introducing a Digital Commerce Development Fee on all Mastercard e-commerce transaction volume.

These changes will go into effect on the following date:

Notification Date	Effective Date	Fee Details
February 1, 2018	May 1, 2018	Mastercard will introduce a Digital Commerce Development Fee of 0.02% on all Mastercard e-commerce transaction volume. Moneris is passing this new fee through monthly, which will appear as “M/C Digital Commerce Fee” on customer statements.

What is electronic commerce (ecommerce)?

Mastercard defines electronic commerce (ecommerce) as, exchange of goods and services for payment between the cardholder and merchant
The transaction is performed (completely or partially) via electronic communication

What is ecommerce transaction?

Mastercard defines ecommerce transaction as, non face-to-face payment for goods or service by use of electronic media over a public network, such as the internet or private network (such as an extranet)

November 2017: Revised Mastercard Assessment Fee

Mastercard will be adjusting its assessment fee from 0.077% to 0.080%.

For information on how these changes will impact your costs of processing credit and debit card payments with Moneris, please review your July statement message or the letter you received from Moneris. If you did not receive or cannot find the statement message or letter, please contact your Moneris Account Manager or call our 24/7 Customer Service number at 1-844-204-8626.

November 2017: Revised Mastercard Intracountry Interchange Programs

Mastercard will be adjusting some of the interchange rates for domestic transactions in the Canada region effective November 1, 2017.

Interchange Program Type	Current			Effective Nov 2017
Interchange Program Type	Core	World	World Elite	Core	World	World Elite
*Volume Tier 3 (CAD 400M net purchase volume)*	1.38%	1.53%	1.90%	1.38%	1.51%	1.90%
*Independent Business in Everyday Category*	1.38%	1.53%	1.90%	1.38%	1.51%	1.90%
*MasterPass*	1.55%	1.89%	2.49%	1.44%	1.71%	2.06%
*SecureCode-enabled*	1.55%	1.89%	2.49%	1.44%	1.71%	2.06%
*Electronic*	1.44%	1.77%	2.06%	1.44%	1.71%	2.06%
*Standard*	1.55%	1.89%	2.49%	1.58%	2.29%	2.79%

October 2017: Mastercard Canada Intracountry Utilities transactions

Mastercard will be implementing a transaction-based fee of $0.02 USD for Intracountry Utilities transactions effective October 13, 2017. This program applies for merchants classified under Merchant Category Code (MCC) 4900: Utilities – Electric, Gas, heating Oil, Sanitary, Water.

Please note: This fee will be charged in the equivalent CAD for accounts settled in Canadian dollars.

Programs	Current Assessment Fee	Assessment Fee as of Oct 13, 2017
Consumer Credit Utilities Core	0.077%	$0.02 USD + 0.00%
Consumer Credit Utilities World	0.077%	$0.02 USD + 0.00%
Consumer Credit Utilities World Elite	0.077%	$0.02 USD + 0.00%
Consumer & Commercial Utilities Debit	0.077%	$0.02 USD + 0.00%

October 2017: Canada Intracountry Debit Mastercard Contactless

Mastercard will be implementing a transaction-based fee of $0.004 USD for intracountry debit Mastercard contactless transactions effective October 13, 2017.

Program

Current Assessment Fee

Net Assessment Fee as of Oct 13, 2017

Intracountry Debit

Mastercard Contactless

0.077%

$0.004 USD + 0.00%

Please note: This fee will be charged in the equivalent CAD for accounts settled in Canadian dollars.

October 2017: Mastercard Global Wholesale Travel Transaction Program

Mastercard’s Global Wholesale Travel Transaction Program (B2B) applies to wholesale travel transactions that are initiated with virtual Mastercard account numbers. This program applies to select Merchant Category Codes (MCCs), which are listed below. The fees associated with accepting these types of payment are as follows:

Fee Program	Interchange Rate
Global Wholesale Travel Transaction Program (B2B)	2.00%

Current

Global Wholesale Travel Transaction
Program B2B Fee, October 13, 2017

International

0.40%

0.60%

International

(USD Settlement)

0.80%

0.60%

MCC	MCC Description
MCC 3000-3350	Airlines, Airline Carriers
MCC 3351-3500	Car Rental Agencies
MCC 3501-3999	Lodging—Hotels, Motels, Resorts
MCC 4112	Passenger Railway
MCC 4131	Bus Lines
MCC 4411	Cruise/Steamship
MCC 4511	Air Carriers, Airlines—not elsewhere classified
MCC 4582	Airports, Airport Terminals, Flying Fields
MCC 4722	Travel Agencies and Tour Operators
MCC 5962	Direct Marketing—Travel-Related Arrangement Services
MCC 6513	Real Estate Agents and Managers—Rentals
MCC 7011	Lodging—Hotels, Motels, Resorts—not elsewhere classified
MCC 7012	Timeshares
MCC 7032	Recreational and Sporting Camps
MCC 7033	Campgrounds and Trailer Parks
MCC 7298	Health and Beauty Spas
MCC 7512	Automobile Rental Agency—not elsewhere classified
MCC 7513	Truck Rental
MCC 7519	Motor Home and Recreational Vehicle Rental
MCC 7991	Tourist Attractions and Exhibits
MCC 7997	Clubs—Country Clubs, Membership (Athletic, Recreation, Sports), Private Golf Courses
MCC 7999	Recreation Services—not elsewhere classified

October 2017: Visa Business-to-Business Virtual Payments Program

Visa’s new B2B Virtual Payments Program in Canada enables online travel agencies (OTAs), travel service providers and other travel payment providers to use virtual accounts to pay their suppliers for inventory. This program applies to select Merchant Category Codes (MCCs), which are listed below. The fees associated with accepting these types of payment are as follows:

Fee Program	Interchange Rate
*Visa B2B Virtual Payments*	2.00%

	Current Service Fee	B2B Virtual Service Fee October 13, 2017
Domestic	0.08%	0.60%
International	0.48%	1.55%
International (USD Settlement)	0.88%	1.55%

MCC	MCC Description
3000–3300	Airlines, air carriers
3351–3441	Car rental agencies
3501–3999	Lodging – hotels, motels, resorts
4112	Passenger railways
4131	Bus lines
4411	Steamship and cruise lines
4511	Airlines and air carriers (not elsewhere classified)
4582	Airports, flying fields, and airport terminals
4722	Travel agencies and tour operators
5962	Direct marketing – travel-related arrangement services
6513	Real estate agents and managers – rentals
7011	Lodging – hotels, motels, resorts, central reservation services (not elsewhere classified)
7012	Timeshares
7032	Sporting and recreational camps
7033	Trailer parks and campgrounds
7298	Health and beauty spas
7512	Automobile rental agency
7513	Truck and utility trailer rentals
7519	Motor home and recreational vehicle rentals
7991	Tourist attractions and exhibits
7997	Membership clubs (sports, recreation, athletic), country clubs, and private golf courses
7999	Recreation services (not elsewhere classified)

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