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Credit Card Processing Fees Canada - Rate Calculator

Visa and Mastercard set interchange rates across Canada.

Choose the way that best describes how you collect payments from your customers. The way you process cards will impact the transaction cost.
How do you process transactions? [+]
  • E-commerce transactions are where your customers purchase products or services on your website.
  • E-commerce with 3DSecure is an extra security feature that merchants can implement to prevent fraud. Mastercard rewards merchants that use 3DSecure with a lower interchange rate on e-commerce transactions.
  • Phone / Virtual Terminal orders are where you take orders over the phone and key them into your computer manually.
  • In-store or retail POS transactions involve using a physical POS machine where the customer enters their PIN number into the machine.

Interchange plus markup %: [+]

If you enter an interchange plus quote that you have received we can calculate the exact processing cost that you'll incur for each different card type in Canada.

Visa Classic, Gold, Platinum
Visa Infinite
Visa Infinite Privilege
Visa Debit
Visa Business
Visa Infinite Business
Visa Corporate Purchasing
Mastercard Core
Mastercard World
Mastercard World Elite
Mastercard Muse
Mastercard Debit
Mastercard Business
World Elite for Business

Total Sales Volume $
Total Processing Fees $
Average Discount Rate
Interchange table reference guide, which can be downloaded from the Visa and Mastercard websites.

Visa Card-Not-Present Interchange
Standard Interchange (Virtual Terminal) Electronic Interchage (Retail with Physical POS Machine)
Classic, Gold, Platinum 1.40% 1.45% 1.90%
Infinite 1.65% 1.70% 2.10%
Infinite Privilege 2.40% 2.45% 1.90%
Debit 1.15% 1.15% 0.25% + 5 cents
Business Cards 2.00% 2.00% 2.08%
Infinite Business 2.25% 2.25% 1.57%
Corporate Purchasing 2.00% 2.00% 1.25%
Mastercard Digital Commerce
Digital Commerce
with 3DSecure
(Virtual Terminal)
Card Present EMV
(Retail with Phyical POS Machine)
Core 1.67% 1.50% 1.96% 0.92%
World 1.90% 1.70% 2.19% 1.22%
World Elite 2.13% 1.90% 2.42% 1.56%
Muse 2.25% 2.03% 2.54% 1.65%
Debit 1.15% 1.00% 1.15% 0.25% + 5 cents
Business Cards 2.00% 2.00% 2.00% 2.00%
World Elite for Business 2.25% 2.25% 2.25% 2.25%
Related Topics
September 16, 2022
Knowledge of credit card processing pricing models can save your business money. In this article we describe the Interchange Plus Pricing model for merchants. We'll compare it briefly to other models, state its advantages, disadvantages and give a practice example.
March 29, 2023
Why do some businesses get lower credit card processing costs than others? In this video David explores the criteria that cause some businesses to get lower rates than others and techniques that you can use to reduce your processing costs.
June 21, 2017
It is extremely frustrating for merchants to be notified of an increase to your credit card processing rate. In many cases, these increases may be unfair and add unnecessary additional expense to your business. Fortunately, there are protections in place that can help protect your business should this happen to you.
February 14, 2023
David breaks down the current interchange rates for e-commerce merchants in Canada for 2023. These figures were taken directly from the Visa and Mastercard Canada interchange tables. These interchange rates apply not just to e-commerce transactions but also virtual terminal and other card-not-present type transactions.
June 24, 2020
Visa and Mastercard charge a very small fee called a card brand fee (also sometimes called an assessment fee). We will explore these costs and explain when they are incurred. Learn more about Visa and Mastercard assessment fees.
September 22, 2023
Some payment processors have a 'standard practice' of raising credit card processing costs on merchants. This is dishonest and unethical. In this video David explains when rate increases are reasonable (which is very, very rarely), and how to fight back when it does occur.
October 10, 2023
Some merchants that use Shopify express frustration over the Shopify percentage based fees that are charged per transaction. In this video David explains why payment processors charge percentage based fees (because of interchange fees and chargeback risk), and why most shopping cart software providers charge a monthly fee, but don't charge percentage based fees. He also discusses some options that some merchants have used in an attempt to lower their Shopify processing costs.
April 22, 2024
In this quick video, David explains the simple math to help you figure out what your discount rate will be per month.

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David Goodale About the Author

My name is David Goodale, CEO at Merchant I launched our business in 2001 and have over 20 years of expertise in the field of online payments. If you have a payments related question or project, and especially if it relates to multi-currency or international e-commerce don't hesitate to contact me. I'm always happy to help with an honest opinion, and enjoy chatting with folks from interesting businesses.

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