Rates to accept foreign Credit Cards have increased MasterCard Canada just increased their "Network Assessment Fee" to 1.13% that is on top of the current fee of .09%, Interchange Fees and Processor Fees. There is however a program with many of the Processors to return...
BofM and RBC have been negotiating to sell Moneris the largest and one of the last Canadian Payment Processors to an American Investment firm. The sale is not final but may close if all conditions are fulfilled in the first quarter of 2027. We have...
MasterCard just increased their Network Assessment fees on Foreign Credit and Debit Chttps://feeadvocates.ca/wp-content/uploads/2026/08/Blog-Header-300x84.gifard transactions to 1.13%. That means on every foreign credit card transaction and foreign online debit card transactions you pay the applicable TRANSACTION FEE, CANADIAN NETWORK ASSESSMENT FEE and PROCESSORS FEES plus the...
About the Industry: The Shift Toward Electronic Payments Canada’s payment landscape is changing rapidly. By 2030, it’s expected that 70% of all payments will be electronic, driven by consumer preference for debit, credit, and contactless options. While electronic payments make transactions easier and faster, they come at...
New POS System Scam Alert: Don’t Get Caught Paying More Than You Should Point-of-Sale (POS) and reservation systems have become essential tools for Canadian small businesses. They help track inventory, process payments accurately, and simplify daily operations. But behind the convenience, a troubling trend is emerging—one...
Cancelling a Processing Account: What You Should Know Before You Act If you’ve decided to cancel your payment processing account (maybe due to high fees, poor service, or a better offer elsewhere) you’re not alone. But before you send that cancellation notice, it’s worth understanding what...