Visa, MasterCard Release New Interchange Rate Tables for Canada
Wednesday, November 26, 2014
Posted by: Mike Rose
Visa and MasterCard have released tables of new credit card interchange fees in Canada following news earlier this month that the two companies would be lowering their rates to an average of 1.5 percent over the next five years.
The new rates are scheduled to take effect in April. Rates for commercial/corporate cards will not be affected.
Visa and MasterCard have posted the new rate tables online: