Based on the Visa and Mastercard changes, the rule of thumb is that transactions with lower fraud risk typically receive lower interchange rates, whereas transactions with a higher risk for fraud generally receive higher interchange rates.
Read MoreMoneris® simplified pricing makes the costs associated with processing credit and debit card payments easier to understand. Read on to see what makes up your business's processing costs.
With complex Visa® and Mastercard® interchange updates happening in April and May, it can be difficult to grasp the different changes and what they mean to your business.
In 2020, Mastercard® and other card brands will introduce interchange updates to support the Government of Canada in lowering the average effective interchange rate on domestic consumer credit transactions.
