Mastercard Interchange Rates
The MasterCard-Network
MasterCard is one of the two most commonly held credit cards. We help make it easy for you to accept MasterCard regardless of your business size. MasterCard is one of the top credit cards in Canada, the United States and around the world. It is widely used, recognized and trusted.
While some small businesses do not accept credit cards due to the cost, we offer you cost-plus pricing so you save on processing fees while making payments convenient for your customers.
What is the MasterCard Interchange?
Interchange is the fee collected by the customer’s credit card bank (the MasterCard card-issuer) on every transaction. These rates are set by MasterCard every year and apply to all processors. In other words, this is the true cost that the processor has to pay on every transaction. The interchange rates are part of our Cost+ pricing program. The tables below provide a breakdown of the current MasterCard interchange rates.
Current MasterCard Canada Interchange Rates
Card Type
Interchange Rate
Card-Present
Swipe/Chip Consumer
1.3 %
Swipe/Chip High-Spend
1.420 %
Swipe/Chip Corporate
2.0 %
Swipe/Chip Premium High-Spend (World Elite)
1.860 %
Keyed
Keyed Consumer
1.650 %
Keyed Premium
2.290 %
Keyed Corporate
2.0 %
Keyed Premium High-Spend (World Elite)
2.790 %
Recurring Payments
Recurring Consumer
1.3%
Recurring High-Spend
1.420%
Recurring Corporate
2.0%
Keyed Corporate High-Spend (World Elite)
1.860 %
Emerging Markets / Charities
Swipe/Chip/Keyed Consumer
1.0%
Swipe/Chip/Keyed High-Spend
1.250%
Swipe/Chip Corporate
2.0%
Swipe/Chip/Keyed Premium High-Spend (World Elite)
1.5 %
Gas and Service Stations
Swipe/Chip Consumer
1.170 %
Swipe/Chip Corporate
2.0 %
Swipe/Chip High Spend
1.30 %
Swipe/Chip Premium High-Spend (World Elite)
1.6 %
Groceries and Supermarkets
Swipe/Chip Consumer
1.220 %
Swipe/Chip High Spend
1.340 %
Swipe/Chip Corporate
2.0 %
Swipe/Chip Premium High-Spend (World Elite)
1.6 %
Independent Business *
Swipe/Chip Consumer
1.3 %
Swipe/Chip High Spend
1.420 %
Swipe/Chip Corporate
2.0 %
Swipe/Chip Premium High-Spend (World Elite)
1.860 %
Level 2 Data
Corporate & Purchasing
1.4%
Fleet Cards
1.4%
Level 3 Data
Corporate & Purchasing
1.4%
Fleet Cards
1.4%
Large Ticket $10,000+
1.2%
Assessments and Association Fees
MasterCard Card-Brand
0.0904%
MCard Acquirer Digital Communication (E-commerce) Fee
0.0226 %
Acquirer Licence Fee
0.0122%
Fixed Acquirer Access Fee
0.008 %
Account Status Inquiry ($0 transaction)
$ 0.0283
Address Verification Service (AVS)
$ 0.0113
Security Code Verification (CVC)
$ 0.0028
MasterCard International Cross-Border (CAD)
0.6780 %
MasterCard International Cross-Border (USD)
1.1300 %
* HST is charged to the acquirer/processor on network card-brand, association and cross-border fees. MasterCard’s listed card-brand fees is 0.0800% respectively. Because this is an absorbed cost by the acquirer who are not allowed to claim ITCs in Canada, the HST on the card-brand fee cannot be used as an ITC by the merchant. Does not apply to interchange, per transaction or cost+ fees. Below are list to the official Visa and MasterCard interchange tables.
* MasterCard Canada Independent Businesses
SIC
Alterations, Mending, Seanstresses, Tailors
5697
Bakeries
5462
Barber & Beauty Shops
7230
Books, Periodicals & Newspapers
5192
Book Stores
5942
Car Washes
7542
Dairy Products Stores
5451
Drug Stores / Pharmacies
5912
Dry Cleaners
7216
Eating Places & Restaurants
5812
Fast Food Restaurants
5814
Freezer Locker Meat Provisioners
5422
Garment Cleaning & Laundry Services
7210
Hardware Stores
5251
Home Supply Warehouse Stores
5200
Laundry Services Family & Commercial
7211
Lawn & Garden Supply Stores
5261
Limousines & Taxicabs
4121
Miscellaneous Convenience, Food, Vending
5499
News Dealers & Newsstands
5994
Parking Lots & Garages
7523
Pet Shops, Pet Foods & Supplies
5995
Shoe Repair Shops / Shoe Shine
7251
Variety Stores
5331
Let's Work Together
Get in touch and ask us for a quote or ask a question about what solution is best for your business. Call us at 888-616-6967 or click to send an email. We’re here to help.