Depending on the size and frequency of your transactions, the cost of interchange rates can mean the difference between an average monthly profit and a sizeable increase in profit.

That’s why we offer the lowest interchange rates on the market.

No special applications. No red tape. Just the guaranteed lowest interchange rates you’ll find anywhere!By offering our merchants Cost Plus Pricing we provide the most cost-effective method of merchant account pricing available.

What Is Cost-Plus Pricing?

Maximize your savings with pricing that offers the ultimate in transparency and fairness. Cost Plus Pricing is a billing method offered by Canada First which passes on the actual interchange cost directly to you when you process a transaction. At the end of the month, we charge you a set rate for our services on your total processed volume.

Cost-plus pricing (also often called interchange-plus pricing) is quite simple. The pricing model consists of two elements: the “cost” or “interchange” and the “plus.” The cost or interchange is the percentage of the transaction that is paid to both the issuing bank and the credit card association. Because your processor has to pay this fee, they pass it on to you. The plus component is the amount over and above the interchange costs that you’ll also have to pay to your processor. It’s their markup for processing your transaction, and it’s designed to cover their costs of doing business – and also to generate a profit.

For example, if a transaction had an interchange and card-brand fee total cost of 1.52%, you would be billed 1.52% for the transaction and 0.20% (for example) for First Data’s service. Your total cost on that transaction would equal 1.72%